Cable One Inc. Common Stock (CABO)

FairStock Score: 62/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses whose earnings power is understandable and whose balance sheet will not force the owner's hand. Cable One sells internet, video, and voice services, and its filed numbers show a business under real pressure. Revenue slid from $1.7 billion in FY2023 to $1.6 billion in FY2024 to $1.5 billion in FY2025. Earnings went from $224.6 million in FY2023 to $14.5 million in FY2024, then a loss of $356.5 million in FY2025. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported revenue of $348.9 million and a net loss of $1.2 billion, with diluted EPS of -$204.35. That is not the record of a stable moat. Still, the market price is $11.73 at the 2026-10-13 close, giving a $653.3 million market cap. FairStock's figures show price-to-book of 0.20, a negative P/E, a 9.01% dividend yield, and trailing free cash flow of $247.6 million, a 37.9% FCF yield. Mr. Market is pricing this as a broken situation. The Lynch category is TURNAROUND: a loss in the latest year after earlier profits. But Graham would demand a balance sheet that can survive. The debt-to-equity ratio is 9.41, Altman Z-score is 0.21, and Piotroski is 3/9. Those are distress signals. The dividend looks generous, but without steady profits it may not be durable. This is a speculative cigar butt, not a compounding franchise. If free cash flow persists and the huge loss is contained, the equity could be cheap. If revenue keeps falling and debt overwhelms cash generation, common shareholders may be left with little. Margin of safety is not obvious.

In plain English: Cable One sells internet, video and phone services in the U.S. The business looks weak right now: revenue has been falling, and the company reported a huge loss in its latest quarter. The share price looks very low compared with its cash flow and accounting value, but heavy debt and continuing losses make it a risky turnaround situation.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer