Cable One Inc (CABO)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	526,903	538,989	456,572	469,350	310,451
Revenue	US$ in thousands	1,490,330	1,572,960	1,482,430	1,329,070	1,092,070
Operating profit margin		35.35%	34.27%	30.80%	35.31%	28.43%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $526,903K ÷ $1,490,330K
= 35.35%

Cable One Inc's operating profit margin has shown a generally positive trend over the past five years. The company's operating profit margin has been improving steadily, with a notable increase from 27.20% in 2019 to 32.16% in 2023. This indicates that Cable One Inc has been effectively managing its operating expenses relative to its revenue generation. The consistent growth in operating profit margin reflects the company's efficiency in controlling its costs and maximizing profitability from its operations. Overall, Cable One Inc's operating profit margin performance demonstrates a strong operational performance and effective management of its resources over the years.