Cable One, Inc.
CABO · Communications · $212M mkt cap · FY2025 filings · No moat ·
Doesn't clear the bar
The five investor questions
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $1.6B to $1.5B, decreasing; diluted EPS 46.49 to -63.21, decreasing.
Not enough years of gross-margin data to score pricing power.
Median ROIC 8.9%, above the 12% hurdle in 40% of years.
Net debt/EBITDA 23.2x, interest coverage -2x.
Owner earnings changed trend unclear over up to the ten most recent annual observations.
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $213M
- $420.09
- $420.09
- $37.63
- 91% below value if growth stopped today
A discount this large is often a warning rather than a bargain — the market may expect earnings to keep falling. See the revenue trend above.
How to read this
What today’s price assumes: owner earnings shrinking ~38%/yr over 5 years. The estimate assumes owner earnings stay flat (0% growth).
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
Fundamentals
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Visual explainers
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Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for CABO.
Communications context
#102 of 134 scored Communications companies, ranked by Moat Score.
Nearest peers by Moat Score
- #100HMMR HAMMER TECHNOLOGY HOLDINGS CORP.26.4 out of 100, No moatNo moat
- #101LUMN Lumen Technologies, Inc.26.1 out of 100, No moatNo moat
- #103T AT&T INC.25.7 out of 100, No moatNo moat
- #104TSQ Townsquare Media, Inc.25.6 out of 100, No moatNo moat
Compare CABO with its nearest peers →All Communications companies on the Index →
Common questions about CABO
- Does Cable One, Inc. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores Cable One, Inc. (CABO) 26.1 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 27, pricing power not measurable from the filings, returns on capital 31, balance-sheet safety 0, capital allocation 47.
- Is CABO trading below the conservative owner-earnings estimate?
- The value if growth stopped today — a zero-growth baseline — is $420.09 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $37.63, that is 91% below value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has CABO's Moat Score changed over time?
- The record logs 15 readings since Jul 17, 2026; the latest reads 26.1 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.