Cable One Inc (CABO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 357,140 | 360,450 | 337,589 | 380,708 | 233,815 |
| Revenue | US$ in thousands | 1,490,330 | 1,572,960 | 1,482,430 | 1,329,070 | 1,092,070 |
| Pretax margin | 23.96% | 22.92% | 22.77% | 28.64% | 21.41% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $357,140K ÷ $1,490,330K
= 23.96%
The pretax margin of Cable One Inc has shown a consistent performance over the past five years, ranging from 20.02% to 28.73%. In the most recent year, as of December 31, 2023, the pretax margin stood at 21.28%, which is slightly higher than the previous year but lower than the peak in 2020.
This indicates that Cable One Inc has been able to maintain solid profitability before taking into account taxes and other expenses, with margins consistently above 20% in the last three years. However, the decline from the peak in 2020 suggests that there may have been changes in the company's cost structure or revenue mix impacting profitability.
Further analysis would be required to understand the specific factors influencing the pretax margin and to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023