Stocktoria

CALIX, INC CALX

NYSE · stock · Communications Services, NEC · website · IPO 2010-03-24 · LEI

CALIX, INC statistics & valuation

P / E126.9×
P / S2.3×
P / B2.6×
P / FCF19.6×
Net margin1.8%
FCF margin11.6%
Return on capital2.3%
Graham number -78.7%$8.52

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.20% 35.10% 4.70% 2.80% -3.60% 1.80% 2016201720182019202020212022202320242025
Gross margin (%)
43.90% 33.90% 44.70% 44.30% 49.30% 52.50% 50.20% 49.90% 54.60% 56.80% 2016201720182019202020212022202320242025
Operating margin (%)
-6.10% -16.00% -4.20% -3.60% 6.80% 10.90% 6.10% 2.50% -5.20% 2.10% 2016201720182019202020212022202320242025
Return on equity (%)
11.90% 41.90% 6.00% 4.10% -3.80% 2.10% 2016201720182019202020212022202320242025
Shares outstanding
49.4M 51.5M 54.0M 56.4M 62.1M 67.9M 68.9M 69.3M 66.4M 69.3M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
7.80% 32.10% 4.60% 3.10% -3.20% 1.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.20% -13.90% -1.60% -2.10% 8.10% 6.80% 1.50% 3.70% 6.10% 11.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.37 -$0.32 $0.54 $3.51 $0.60 $0.42 -$0.45 $0.26 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CALIX, INC trades at about 153.5× earnings — above its 10-year norm (10-year range 14.3×–171.8×, median 79×).

14.3× 171.8×

Shaded band = 10-year range (14.3×–171.8×); dot = today's 153.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin56.8%54.6%49.9%50.2%52.5%49.3%44.3%44.7%33.9%43.9%
Operating margin2.1%-5.2%2.5%6.1%10.9%6.8%-3.6%-4.2%-16.0%-6.1%
Net margin1.8%-3.6%2.8%4.7%35.1%6.2%
FCF margin11.6%6.1%3.7%1.5%6.8%8.1%-2.1%-1.6%-13.9%3.2%
Return on assets1.7%-3.2%3.1%4.6%32.1%7.8%
Return on equity2.1%-3.8%4.1%6.0%41.9%11.9%
Current ratio4.244.463.193.313.192.641.251.221.271.81

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.