Cable One Inc (CABO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 267,436 | 234,118 | 291,824 | 304,391 | 178,582 |
| Revenue | US$ in thousands | 1,490,330 | 1,572,960 | 1,482,430 | 1,329,070 | 1,092,070 |
| Net profit margin | 17.94% | 14.88% | 19.69% | 22.90% | 16.35% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $267,436K ÷ $1,490,330K
= 17.94%
Net profit margin is a key financial ratio that indicates the percentage of revenue that translates into profit after all expenses have been deducted. The trend analysis of Cable One Inc's net profit margin over the past five years shows fluctuations in profitability.
In 2023, Cable One Inc's net profit margin improved to 15.94% from 13.72% in 2022, demonstrating an increase in profitability. However, when compared to 2021 and 2020, where the net profit margins were 18.17% and 22.97% respectively, the current margin remains relatively lower.
The highest net profit margin was recorded in 2020 at 22.97%, indicating strong profitability. The subsequent decrease in 2021 and 2022 may suggest factors affecting the company's ability to maintain or enhance profitability.
Overall, Cable One Inc's net profit margin has fluctuated over the past five years, with the current margin showing a slight improvement in 2023. Further analysis of the company's financial performance and operational efficiency may be needed to understand the factors influencing these fluctuations in profitability.
Peer comparison
Dec 31, 2023