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Cable One (Cable One) Gross Margin % : 74.20% (As of Dec. 2023)


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What is Cable One Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cable One's Gross Profit for the three months ended in Dec. 2023 was $306 Mil. Cable One's Revenue for the three months ended in Dec. 2023 was $412 Mil. Therefore, Cable One's Gross Margin % for the quarter that ended in Dec. 2023 was 74.20%.


The historical rank and industry rank for Cable One's Gross Margin % or its related term are showing as below:

CABO' s Gross Margin % Range Over the Past 10 Years
Min: 59.75   Med: 66.1   Max: 73.73
Current: 73.73


During the past 12 years, the highest Gross Margin % of Cable One was 73.73%. The lowest was 59.75%. And the median was 66.10%.

CABO's Gross Margin % is ranked better than
86.16% of 354 companies
in the Telecommunication Services industry
Industry Median: 48.97 vs CABO: 73.73

Cable One had a gross margin of 74.20% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cable One was 2.60% per year.


Cable One Gross Margin % Historical Data

The historical data trend for Cable One's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cable One Gross Margin % Chart

Cable One Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.73 68.41 71.64 72.40 73.72

Cable One Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.53 73.41 73.40 73.91 74.20

Competitive Comparison of Cable One's Gross Margin %

For the Telecom Services subindustry, Cable One's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cable One's Gross Margin % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cable One's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Cable One's Gross Margin % falls into.



Cable One Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Cable One's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1237.2 / 1678.081
=(Revenue - Cost of Goods Sold) / Revenue
=(1678.081 - 440.916) / 1678.081
=73.72 %

Cable One's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=305.6 / 411.815
=(Revenue - Cost of Goods Sold) / Revenue
=(411.815 - 106.265) / 411.815
=74.20 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Cable One  (NYSE:CABO) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Cable One had a gross margin of 74.20% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Cable One Gross Margin % Related Terms

Thank you for viewing the detailed overview of Cable One's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cable One (Cable One) Business Description

Traded in Other Exchanges
Address
210 East Earll Drive, Phoenix, AZ, USA, 85012
Cable One Inc is a telecommunications company. It derives revenue from the provision of broadband, voice, and video services to residential and business customers. From a product perspective, the majority of revenue is sourced from data and video services. This revenue is subscription-based and billed monthly. The company also offers Sparklight TV, an internet protocol-based (IPTV) video service that allows customers with our Sparklight TV app to stream our video channels from the cloud. The company also derives advertising revenue from selling airtime on its video channels. Voice services are offered over Internet protocols. The company owns a telecommunications infrastructure.
Executives
Thomas O. Might director, officer: Chairman and CEO 210 E. EARLL DRIVE, PHOENIX AZ 85012
Matthew Armstrong officer: SVP Residential Services 210 E EARLL DRIVE, PHOENIX AZ 85012
P Robert Bartolo director 1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057
Eric Michael Lardy officer: SVP C/O CABLE ONE, INC., 210 E. EARLL DRIVE, PHOENIX AZ 85012
Christopher D Boone officer: See Remarks 210 E EARLL DR, C/O CABLE ONE, INC., PHOENIX AZ 85012
Thomas Sinnickson Gayner director C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Brad D. Brian director C/O CABLE ONE, INC., 210 E. EARLL DRIVE, PHOENIX AZ 85012
James A Obermeyer officer: SVP, Marketing & Sales C/O CABLE ONE, INC., 210 E EARLL DR, PHOENIX AZ 85012
Peter N. Witty officer: See Remarks CABLE ONE, 210 E. EARLL DRIVE, PHOENIX AZ 85012
Wallace R Weitz director 210 E. EARLL DRIVE, PHOENIX AZ 85012
Steven Scott Cochran officer: SVP C/O WIDEOPENWEST, INC., 7887 EAST BELLEVIEW AVENUE, SUITE 1000, ENGLEWOOD CO 80111
Julia M. Laulis officer: President and COO 210 E. EARLL DRIVE, PHOENIX AZ 85012
Todd M Koetje officer: See Remarks CABLE ONE, INC., 210 E EARLL DR, PHOENIX AZ 85012
Margaret Masoner Detz officer: SVP, Human Resources C/O CABLE ONE, INC., 210 E EARLL DR, PHOENIX AZ 85012
Katharine Weymouth director 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209

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