Cable One
Runs Sparklight broadband in small-city and non-metropolitan markets.
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Profile
Sells residential data, business data, video, and voice services under Sparklight, with revenue centered on broadband rather than traditional video. Operates as one reportable segment across mostly smaller United States markets where network capacity, local competition, and broadband regulation shape the business.
Provides residential data, business data, video, and voice services through fiber-rich broadband networks under the Sparklight brand. Residential and business data drive the model, while residential video remains available but is de-emphasized as streaming alternatives pressure demand and programming costs.
Serves small-city and non-metropolitan markets across Western, Midwestern, and Southern states. The operating model favors local market focus, cost discipline, unified Sparklight branding, network capacity upgrades, and customer-experience tools.
Competition comes from telephone, fiber, wireless internet, municipal, cooperative, and over-the-top video providers. Federal, state, and local broadband rules, state net-neutrality laws, and public broadband-subsidy programs shape deployment economics.
Company facts
Key statistics
Year to date −75.5% · Average volume (30d) 237.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Williams Trading | Target | $86 | |||
| Jul 14, 2026 | Exane BNP Paribas | Upgrade | Underperform | Neutral | ||
| Jul 14, 2026 | BNP Paribas | Upgrade | Underperform | Neutral | $80 | $40 |
| Feb 24, 2026 | BNP Paribas | Target | $80 | |||
| May 2, 2025 | Keybanc | Downgrade | Overweight | Sector Weight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.04 | −$2.04 | −5,260.4% | $349.5M | $348.9M | −0.2% | −16.10% |
| Apr 30, 2026Q1 FY26 | $7.77 | $6.12 | −21.2% | $359.6M | $353.0M | −1.8% | −18.01% |
| Feb 26, 2026Q4 FY25 | $7.60 | −$1.35 | −117.8% | $368.0M | $363.7M | −1.2% | +5.56% |
| Nov 6, 2025Q3 FY25 | $9.25 | $5.17 | −44.1% | $368.6M | $376.0M | +2.0% | −1.45% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $380.6M | $381.1M | $376.0M | $363.7M | $353.0M | $348.9M | |
| Gross profit | $195.3M | $192.6M | $196.6M | $186.3M | $176.6M | $250.2M | |
| Operating income | $101.6M | $100.7M | $98.2M | $97.4M | $91.0M | −$524.9M | |
| Net income | $2.6M | −$438.0M | $86.5M | −$7.6M | $35.8M | −$1.16B | |
| Diluted EPS | $0.46 | −$77.70 | $14.52 | −$1.35 | $6.12 | −$204.35 | |
| Gross margin | 51.3% | 50.5% | 52.3% | 51.2% | 50.0% | 71.7% | |
| Operating margin | 26.7% | 26.4% | 26.1% | 26.8% | 25.8% | -150.4% |
Fiscal years (4-quarter sums)FY21 $1.61B · FY22 $1.71B · FY23 $1.68B · FY24 $1.58B · FY25 $1.50B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $166.2M · Total debt $3.05B · Total assets $4.62B · Shareholders' equity $326.4M
Dividends
Last raised to $2.95 from $2.85 in Aug 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Feb 18, 2025 | Feb 18 | Mar 7 | $2.95 | |
| Dec 3, 2024 | Dec 3 | Dec 20 | $2.95 | |
| Aug 27, 2024 | Aug 27 | Sep 13 | $2.95 | |
| May 24, 2024 | May 28 | Jun 14 | $2.95 | |
| Feb 16, 2024 | Feb 20 | Mar 8 | $2.95 | |
| Nov 27, 2023 | Nov 28 | Dec 15 | $2.95 | |
| Aug 28, 2023 | Aug 29 | Sep 15 | $2.95 | raised from $2.85 |
| May 26, 2023 | May 30 | Jun 16 | $2.85 |
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 5.67M · Float 4.63M · 81.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| D. E. Shaw & Co., Inc. | 477.5K | 8.42% | 13F | Aug 14, 2026 |
| Private Management Group Inc | 472.0K | 8.32% | 13F | Jul 31, 2026 |
| Burgundy Asset Management Ltd. | 452.0K | 8.02% | 13G | Feb 12, 2026 |
| BlackRock, Inc. | 444.9K | 7.84% | 13F | Aug 7, 2026 |
| Bank of Montreal /Can/ | 436.7K | 7.70% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 3, 2026 | Todd M. Koetje | officer: Chief Financial Officer | +998 | $100.16 |
Peers
- Charter Communications
Spectrum cable broadband, business connectivity, video, and mobile overlap
- Comcast
Xfinity and Comcast Business pressure cable broadband and bundles
- T-Mobile
5G fixed wireless substitutes for home and business broadband
- Verizon
Fiber and 5G home internet challenge wired broadband
- AT&T
Fiber and Internet Air compete with broadband and business data
- Optimum Communications
Optimum cable and fiber services overlap with broadband, video, and voice
- Lumen Technologies
Enterprise fiber and legacy wireline overlap with business data
- TDS
Regional fiber, cable, video, and voice peer in smaller markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cable One | $25.65 | +0.71% | $144.7M | — | 1.5 | 0.1 | −8.4% |
| Charter Communications | $153.50 | −0.04% | $20.70B | 4.0 | 3.6 | 0.4 | −1.7% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| T-Mobile | $181.32 | −0.06% | $194.55B | 19.0 | 14.4 | 2.1 | +7.9% |
| Verizon | $49.91 | −0.34% | $209.20B | 13.0 | 9.8 | 1.5 | −0.7% |
| AT&T | $25.98 | −0.08% | $178.16B | 8.6 | 10.7 | 1.4 | +2.3% |
| Optimum Communications | $0.9800 | −3.45% | $479.1M | — | — | 0.1 | −5.8% |
| Lumen Technologies | $6.10 | +0.91% | $6.22B | — | — | 0.5 | −9.3% |
| TDS | $33.65 | 0.00% | $3.58B | 8.1 | 98.5 | 2.8 | −73.9% |
| Median | 8.7 | 10.3 | 1.1 | −1.5% |