Celestica Inc
CLS NYSE Printed Circuit Boards Financials FY2022–FY2025
Last close · Oct 23, 2026
$260.01
3.3%
Revenue
Total sales reported in the income statement.
$12.4B
28.5%
vs prior year
Operating margin
Operating income as a share of revenue.
8.4%
2.2 pts
Net income
Profit after all expenses, interest and tax.
$833M
94.5%
Free cash flow
Cash from operations minus capital spending.
$458M
51.3%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
36.8%
15.5 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$30.2B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
27.1x
On $9.60 EPS (TTM)
What Celestica Inc does
No business description yet.
- Legal name
- CELESTICA INC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Accession · CIK
- 0001030894-26-000011
0001030894
Revenue and margins
Celestica Inc had $12.4B of revenue in fiscal 2025, up 28.5% on the year before.
FY22
Revenue $7.3B
FY23
Revenue $8.0B
FY24
Revenue $9.6B
FY25
Revenue $12.4B
Q1 '24
Revenue $2.2B
Q2 '24
Revenue $2.4B
Q3 '24
Revenue $2.5B
Q4 '24
Revenue $2.5B
Q1 '25
Revenue $2.6B
Q2 '25
Revenue $2.9B
Q3 '25
Revenue $3.2B
Q4 '25
Revenue $3.7B
Q1 '26
Revenue $4.0B
Q2 '26
Revenue $4.7B
FY22
Gross 9.0%
Operating 4.0%
Net 2.5%
FCF 1.4%
FY23
Gross 9.5%
Operating 4.2%
Net 3.1%
FCF 2.5%
FY24
Gross 10.7%
Operating 6.2%
Net 4.4%
FCF 3.1%
FY25
Gross 12.1%
Operating 8.4%
Net 6.7%
FCF 3.7%
Gross
Operating
Net
FCF
Q1 '24
Gross 10.1%
Operating 5.7%
Net 4.2%
FCF 3.1%
Q2 '24
Gross 10.6%
Operating 5.6%
Net 4.0%
FCF 2.6%
Q3 '24
Gross 10.4%
Operating 5.5%
Net 3.6%
FCF 3.1%
Q4 '24
Gross 11.7%
Operating 8.0%
Net 6.0%
FCF 3.8%
Q1 '25
Gross 10.3%
Operating 4.9%
Net 3.3%
FCF 3.5%
Q2 '25
Gross 12.8%
Operating 9.4%
Net 7.3%
FCF 4.1%
Q3 '25
Gross 13.0%
Operating 10.2%
Net 8.4%
FCF 2.8%
Q4 '25
Gross 11.8%
Operating 8.6%
Net 7.3%
FCF 4.3%
Q1 '26
Gross 10.8%
Operating 6.7%
Net 5.2%
FCF 3.1%
Q2 '26
Gross 12.3%
Operating 9.8%
Net 7.8%
FCF 3.1%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2022 to 2025, diluted EPS grew 69.9% a year. Loss periods are shown in red.
FY22
Net income $180M
FY23
Net income $244M
FY24
Net income $428M
FY25
Net income $833M
Q1 '24
Net income $91.8M
Q2 '24
Net income $95.0M
Q3 '24
Net income $89.5M
Q4 '24
Net income $152M
Q1 '25
Net income $86.2M
Q2 '25
Net income $211M
Q3 '25
Net income $268M
Q4 '25
Net income $268M
Q1 '26
Net income $212M
Q2 '26
Net income $369M
FY22
Diluted EPS $1.46
FY23
Diluted EPS $2.03
FY24
Diluted EPS $3.61
FY25
Diluted EPS $7.16
Q1 '24
Diluted EPS $0.77
Q2 '24
Diluted EPS $0.80
Q3 '24
Diluted EPS $0.75
Q4 '24
Diluted EPS $1.29
Q1 '25
Diluted EPS $0.74
Q2 '25
Diluted EPS $1.82
Q3 '25
Diluted EPS $2.31
Q4 '25
Diluted EPS $2.29
Q1 '26
Diluted EPS $1.83
Q2 '26
Diluted EPS $3.17
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY22
Return on capital —
Return on equity 10.7%
Return on assets —
FY23
Return on capital 13.0%
Return on equity 14.2%
Return on assets 4.1%
FY24
Return on capital 21.2%
Return on equity 23.3%
Return on assets 7.2%
FY25
Return on capital 36.8%
Return on equity 40.5%
Return on assets 12.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $458M in fiscal 2025, 3.7% of revenue. Cash from operations minus capital spending.
FY22
Free cash flow $102M
FY23
Free cash flow $201M
FY24
Free cash flow $303M
FY25
Free cash flow $458M
Q1 '24
Free cash flow $67.7M
Q2 '24
Free cash flow $62.7M
Q3 '24
Free cash flow $76.8M
Q4 '24
Free cash flow $95.8M
Q1 '25
Free cash flow $93.6M
Q2 '25
Free cash flow $120M
Q3 '25
Free cash flow $88.9M
Q4 '25
Free cash flow $156M
Q1 '26
Free cash flow $127M
Q2 '26
Free cash flow $147M
FY22
Cash from operations $211M
Capital spending $109M
FY23
Cash from operations $326M
Capital spending $125M
FY24
Cash from operations $474M
Capital spending $171M
FY25
Cash from operations $660M
Capital spending $201M
Cash from operations
Capital spending
Q1 '24
Cash from operations $108M
Capital spending $40.4M
Q2 '24
Cash from operations $99.6M
Capital spending $36.9M
Q3 '24
Cash from operations $123M
Capital spending $46.0M
Q4 '24
Cash from operations $143M
Capital spending $47.6M
Q1 '25
Cash from operations $130M
Capital spending $36.7M
Q2 '25
Cash from operations $152M
Capital spending $32.5M
Q3 '25
Cash from operations $126M
Capital spending $37.3M
Q4 '25
Cash from operations $251M
Capital spending $94.7M
Q1 '26
Cash from operations $356M
Capital spending $230M
Q2 '26
Cash from operations $411M
Capital spending $264M
Cash from operations
Capital spending
Dividends, buybacks and share count
Celestica Inc returned $153M to shareholders in fiscal 2025, 33% of free cash flow. The diluted share count fell 2.1%.
FY22
Dividends —
Buybacks $34.6M
FY23
Dividends —
Buybacks $35.6M
FY24
Dividends —
Buybacks $152M
FY25
Dividends —
Buybacks $153M
Dividends
Buybacks
Q1 '24
Dividends —
Buybacks $16.5M
Q2 '24
Dividends —
Buybacks $10.0M
Q3 '24
Dividends —
Buybacks $100M
Q4 '24
Dividends —
Buybacks $25.5M
Q1 '25
Dividends —
Buybacks $77.7M
Q2 '25
Dividends —
Buybacks $40.0M
Q3 '25
Dividends —
Buybacks $0.0M
Q4 '25
Dividends —
Buybacks $35.7M
Q1 '26
Dividends —
Buybacks $22.6M
Q2 '26
Dividends —
Buybacks $0.0M
Dividends
Buybacks
FY22
Diluted shares 0.12B
FY23
Diluted shares 0.12B
FY24
Diluted shares 0.12B
FY25
Diluted shares 0.12B
Balance sheet
Cash, debt and the ratios that show how comfortably Celestica Inc can carry it.
FY22
Cash $375M
Debt —
FY23
Cash $370M
Debt $743M
FY24
Cash $423M
Debt $858M
FY25
Cash $596M
Debt $835M
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash and short-term investments | $375M | $370M | $423M | $596M |
| Debt incl. finance leases | — | $743M | $858M | $835M |
| Net debt / EBITDA | — | 0.8x | 0.6x | 0.2x |
| Debt / equity | — | 0.4x | 0.4x | 0.4x |
| Interest coverage | 5.6x | 4.3x | 11.5x | 19.8x |
| Current ratio | — | 1.4x | 1.5x | 1.4x |
| Quick ratio | — | 0.7x | 0.9x | 0.9x |
| Total assets | — | $5.9B | $6.0B | $7.2B |
| Total liabilities | — | $4.1B | $4.1B | $5.0B |
| Shareholders' equity | $1.7B | $1.8B | $1.9B | $2.2B |
| Net debt (− = net cash) | — | $373M | $435M | $239M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✕ |
| Debt fell relative to assets | — | — | ✕ | ✓ |
| Current ratio rose | — | — | ✓ | ✕ |
| Share count didn't rise | — | ✓ | ✓ | ✓ |
| Gross margin rose | — | ✓ | ✓ | ✓ |
| Revenue rose relative to assets | — | — | ✓ | ✓ |
| F-score | — / 3 | — / 5 | 8 / 9 | 7 / 9 |
| Accruals ratio | — | −1.4% | −0.8% | 2.6% |
| Altman Z'' | — | 1.80 | 2.56 | 3.20 |
4 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $7.3B | $8.0B | $9.6B | $12.4B |
| Gross profit | $650M | $754M | $1.0B | $1.5B |
| Research and development | $46.3M | $60.9M | $78.0M | $118M |
| Operating income | $289M | $338M | $599M | $1.0B |
| Interest expense | $51.7M | $78.9M | $52.1M | $52.6M |
| Pretax income | $239M | $306M | $532M | $983M |
| Income tax | $59.0M | $61.6M | $104M | $151M |
| Net income | $180M | $244M | $428M | $833M |
| Diluted EPS | $1.46 | $2.03 | $3.61 | $7.16 |
| Diluted shares | 0.12B | 0.12B | 0.12B | 0.12B |
| Cash flow | ||||
| Cash from operations | $211M | $326M | $474M | $660M |
| Capital expenditure | $109M | $125M | $171M | $201M |
| Free cash flow | $102M | $201M | $303M | $458M |
| Depreciation and amortization | $116M | $131M | $152M | $176M |
| Stock-based compensation | $51.0M | $55.6M | $57.4M | $69.8M |
| Acquisitions | $0.0M | $0.0M | $36.1M | $0.0M |
| Share buybacks | $34.6M | $35.6M | $152M | $153M |
| Dividends and buybacks | $34.6M | $35.6M | $152M | $153M |
| Balance sheet | ||||
| Cash and short-term investments | $375M | $370M | $423M | $596M |
| Total debt | — | $675M | $797M | $777M |
| Finance lease liabilities | — | $68.0M | $61.7M | $58.0M |
| Current assets | — | $4.5B | $4.5B | $5.7B |
| Current liabilities | — | $3.2B | $3.0B | $3.9B |
| Inventory | — | $2.1B | $1.8B | $2.2B |
| Goodwill | $322M | $322M | $341M | $333M |
| Intangible assets | — | $318M | $308M | $266M |
| Total assets | — | $5.9B | $6.0B | $7.2B |
| Total liabilities | — | $4.1B | $4.1B | $5.0B |
| Shareholders' equity | $1.7B | $1.8B | $1.9B | $2.2B |
| Margins | ||||
| Gross margin | 9.0% | 9.5% | 10.7% | 12.1% |
| Operating margin | 4.0% | 4.2% | 6.2% | 8.4% |
| EBITDA margin | 5.6% | 5.9% | 7.8% | 9.8% |
| Net margin | 2.5% | 3.1% | 4.4% | 6.7% |
| FCF margin | 1.4% | 2.5% | 3.1% | 3.7% |
| Returns | ||||
| Return on capital | — | 13.0% | 21.2% | 36.8% |
| Return on capital employed | — | 12.7% | 20.2% | 31.8% |
| Return on equity | 10.7% | 14.2% | 23.3% | 40.5% |
| Return on assets | — | 4.1% | 7.2% | 12.6% |
| Return on tangible equity | 13.3% | 21.6% | 34.3% | 51.5% |
| Growth | ||||
| Revenue growth | — | 9.8% | 21.2% | 28.5% |
| Net income growth | — | 35.7% | 75.1% | 94.5% |
| EPS growth | — | 39.0% | 77.8% | 98.3% |
| FCF growth | — | 97.0% | 50.7% | 51.3% |
| Share count change | — | −2.7% | −1.3% | −2.1% |
| Financial health | ||||
| Net debt / EBITDA | — | 0.8x | 0.6x | 0.2x |
| Debt / equity | — | 0.4x | 0.4x | 0.4x |
| Interest coverage | 5.6x | 4.3x | 11.5x | 19.8x |
| Current ratio | — | 1.4x | 1.5x | 1.4x |
| Quick ratio | — | 0.7x | 0.9x | 0.9x |
| Capital allocation | ||||
| Capex / revenue | 1.5% | 1.6% | 1.8% | 1.6% |
| Stock comp / revenue | 0.7% | 0.7% | 0.6% | 0.6% |
| Payouts / FCF | 33.9% | 17.7% | 50.2% | 33.5% |
| Quality scores | ||||
| Piotroski F-score | — | — | 8.0 | 7.0 |
| Altman Z'' | — | 1.8 | 2.6 | 3.2 |
| Accruals ratio | — | −1.4% | −0.8% | 2.6% |
Source: SEC EDGAR XBRL filings (CIK 0001030894). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.