Cable One Inc (CABO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,162,720 | 1,237,160 | 1,235,130 | 1,150,480 | 906,525 |
| Revenue | US$ in thousands | 1,579,540 | 1,678,080 | 1,706,040 | 1,605,840 | 1,325,230 |
| Gross profit margin | 73.61% | 73.72% | 72.40% | 71.64% | 68.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,162,720K ÷ $1,579,540K
= 73.61%
The gross profit margin of Cable One Inc has shown a consistent upward trend over the past five years. Starting at 68.41% in December 2020, the margin has steadily increased to 73.61% by December 2024. This indicates an improving ability of the company to generate profit from its core operations after considering the cost of goods sold. The trend reflects efficient cost management, pricing strategies, or potentially increased revenues. Cable One Inc's growing gross profit margin suggests a positive financial performance and operational efficiency, which could be indicative of a strong competitive position in the industry.
Peer comparison
Dec 31, 2024