Calix, Inc
CALX NYSE· Communications Services, Nec
Last close · Oct 23, 2026
$36.47
KIRA · Stoqly’s AI analyst, in plain words
- Calix, Inc had $1.0B of revenue in fiscal 2025, up 20.3% on the year before. Over five years, revenue changed +13.1% a year on average.
- Its operating margin was 2.1%, up 7.3 pts: of every 100 in sales, about 2 is left after running the business.
- Calix, Inc made $17.9M of net profit in fiscal 2025.
- Free cash flow was $116M in fiscal 2025, 11.6% of revenue.
- Calix, Inc returned $93.6M to shareholders in fiscal 2025, 81% of free cash flow. The diluted share count rose 5.2%.
Market cap
$2.4B
P/E
48.6x
Revenue
$1.0B
Net income
$17.9M
Free cash flow
$116M
Operating margin
2.1%
Calix, Inc in 30 seconds · fiscal 2025
Are sales growing?
+20.3%
Yes. Sales grew 20.3% last year.
Does it make a profit?
1.8%
A little. It keeps 1.8% of every sale as profit.
Does profit turn into cash?
11.6%
Yes. 11.6% of sales ends up as free cash.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
48.6x
One share costs 48.6 times its yearly profit per share.
What Calix, Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 20, 2026
- Legal name
- CALIX, INC
- CIK
- 0001406666
Calix, Inc · CALX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $679M | $868M | $1.0B | $832M | $1.0B |
| Revenue growth | 25.5% | 27.7% | 19.8% | −20.0% | 20.3% |
| Gross margin | 52.5% | 50.2% | 49.9% | 54.6% | 56.8% |
| Operating margin | 10.9% | 6.1% | 2.5% | −5.2% | 2.1% |
| Net income | $238M | $41.0M | $29.3M | −$29.7M | $17.9M |
| Net margin | 35.1% | 4.7% | 2.8% | −3.6% | 1.8% |
| Diluted EPS | $3.51 | $0.60 | $0.42 | −$0.45 | $0.26 |
| Cash | |||||
| Cash from operations | $56.8M | $27.2M | $56.3M | $68.4M | $135M |
| Capital expenditure | $10.5M | $14.1M | $17.9M | $18.1M | $19.4M |
| Free cash flow | $46.3M | $13.1M | $38.4M | $50.3M | $116M |
| FCF margin | 6.8% | 1.5% | 3.7% | 6.1% | 11.6% |
| Share buybacks | $0.0M | $0.0M | $86.4M | $10.7M | $93.6M |
| Share count change | 9.4% | 1.6% | 0.6% | −5.0% | 5.2% |
| Debt and strength | |||||
| Cash and short-term investments | $51.3M | $79.1M | $63.4M | $43.2M | $388M |
| Shareholders' equity | $568M | $680M | $719M | $781M | $859M |
| Current ratio | 3.2x | 3.3x | 3.2x | 4.5x | 4.2x |
| Returns and quality | |||||
| Return on equity | 56.2% | 6.6% | 4.2% | −4.0% | 2.2% |
| Return on tangible equity | 53.5% | 7.3% | 4.9% | −4.5% | 2.4% |
| Piotroski F-score | 5 | 4 | 4 | 5 | 6 |
| Altman Z'' | 4.7 | 5.3 | 5.2 | 6.7 | 6.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$59.4M
4 insiders
Of sales under plans
86%
$51.3M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Calix, Inc · CALX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $36.47 a share, the company is worth $2.4B: 48.6 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001406666). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.