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CALIX, INC

CALX

$31.89 ▼ -1.94 (-5.75%) at close

18 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

CALIX, INC shows mixed fundamentals. Consider comparing against peers in the Communication Services sector before making investment decisions.

Market Cap $2.1B

Dividend Yield —

Revenue Growth 20.3% ↗

Op. Margin 2.1% ↗

ROIC 1.3% ↗

FCF / Share $1.75 ↗

Trailing P/E 118.1x

Price / Book 2.5x

FCF Yield 5.5%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.00B

↑ +20.3% —

Net Income Profit after all expenses

$17.88M

↑ +160.1% —

Operating Margin Operating profit as % of sales

2.1%

↑ +140.6% 34th

FCF / Share Free cash flow per share

$1.75

↑ +128.9% —

Health Breakdown

Profitability ↓

Returns ↓

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.00 Latest / share

$0.00

FY 2014

$0.00

FY 2015

$0.00

FY 2016

$0.00

FY 2017

FY 2018

FY 2019

FY 2020

$0.00

FY 2021

$0.00

FY 2022

$0.00

FY 2023

$0.00

FY 2024

$0.00

FY 2025

Financial view

Statement lens

Choose the reporting cadence, isolate a period range, or search directly for a metric.

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	20.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+153%)	-20.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-350%)	19.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+147%)	27.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+247%)	25.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+219%)	27.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+244%)	-3.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-148%)	-13.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-269%)	11.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+41%)	12.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+57%)	1.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-81%)	4.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-39%)	15.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+98%)	-4.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-152%)	20.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+151%)	23.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+190%)	—	—
EPS Growth YoY (%)	N/M	N/M	-30.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-83.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	561.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	N/M	N/M	-28.5% Weak ↓ Weak Declining Year-over-year change in net income	-82.8% Weak ↓ Weak Declining Year-over-year change in net income	611.9% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	8.3% Fair ↑ Fair Improving Year-over-year change in net income	76.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-203.0% Weak ↓ Weak Declining Year-over-year change in net income	-4.1% Weak ↓ Weak Declining Year-over-year change in net income	-26.5% Weak ↓ Weak Declining Year-over-year change in net income	-20.6% Weak ↑ Weak Improving Year-over-year change in net income	39.0% Excellent ↑ Excellent Improving Year-over-year change in net income	46.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-170.1% Weak Weak Year-over-year change in net income	25.7% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	128.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	31.3% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	188.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-72.5% Weak Weak Year-over-year change in free cash flow	-0.8% Weak Weak Year-over-year change in free cash flow	N/M	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	4.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	7.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	24.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	26.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	15.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	2.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	8.4% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	6.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	5.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	10.1% Good Good Compound annual revenue growth over 3 years	12.3% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	13.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	14.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	18.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	11.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	5.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.1% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.9% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	9.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	5.9% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.3% Fair Fair Compound annual revenue growth over 5 years	11.5% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-24.6% Weak Weak Compound annual EPS growth over 3 years	—	-8.3% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	2.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	-5.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-126%)	2.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	6.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	10.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	6.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	-3.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-118%)	-4.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-121%)	-16.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-180%)	-6.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	-6.5% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-133%)	-5.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-125%)	-4.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-124%)	-8.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-144%)	-15.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-176%)	-6.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-130%)	-8.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-141%)	—
Effective Tax Rate (%) (%)	47.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	6.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.6% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-228.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	1.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	-3.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-124%)	2.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	4.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	35.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+134%)	6.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	-4.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-128%)	-4.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-129%)	-16.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-208%)	-6.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-140%)	-6.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-143%)	-5.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-135%)	-4.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-130%)	-8.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-157%)	-15.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-202%)	-6.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-145%)	-11.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-175%)	—
FCF Margin (%) (%)	11.6% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-13.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-3.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.5% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.3% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-1.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	6.46x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.69x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.31x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.32x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.49x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.85x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-0.53x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.48x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.25x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.96x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.14x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.18x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.14x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	1.3% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-5.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	42.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	12.8% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	-7.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-9.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-44.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-10.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-8.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-5.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-5.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-8.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-14.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-7.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	4.5% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	2.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	10.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-4.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-5.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-27.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-7.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-8.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-5.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-7.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-14.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	-6.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	2.1% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	-3.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-132%)	4.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-66%)	6.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	41.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+249%)	11.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	-11.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-196%)	-12.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-206%)	-57.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-577%)	-12.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-207%)	-11.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-193%)	-7.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-164%)	-6.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-153%)	-10.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-188%)	-18.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-258%)	-10.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-183%)	7.7% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Interest Coverage (x)	—	—	101.13x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	91.18x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	117.18x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	21.85x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-13.71x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-28.53x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	—	-48.07x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-23.17x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-25.29x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-110.50x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-156.89x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-284.35x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-14.72x Weak Weak Operating income divided by interest expense Optimal: > 5x	-5.00x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-143.09M	$-43.16M	$-63.41M	$-79.07M	$-51.33M	$-80.81M	$-46.83M	$-49.65M	$-39.77M	$-50.36M	$-23.63M	$-48.83M	$-82.75M	$-46.99M	$-38.94M	$-66.30M	$-31.82M	$-23.21M

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$15.14	$12.62	$15.76	$13.34	$10.74	$9.16	$7.72	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$0.27	$-0.45	$0.44	$0.63	$3.77	$0.57	$-0.32	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$1.75	$0.76	$0.58	$0.20	$0.73	$0.74	$-0.16	—	—	—	—	—	—	—	—	—	—	—
Dividend per Share (USD)	$0.00	$0.00	$0.00	$0.00	$0.00	—	—	—	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	—	—	—	—
Book Value per Share (USD)	$12.80	$11.76	$11.05	$10.34	$8.84	$4.51	$2.73	$2.82	$2.81	$4.31	$4.76	$5.28	$5.45	$5.50	$5.80	$5.05	—	—
Tangible Book Value per Share (USD)	$11.07	$10.01	$9.27	$8.51	$6.93	$2.49	$0.46	$0.66	$0.56	$1.96	$2.42	$3.03	$2.27	$1.85	$1.70	$3.34	—	—
Basic Weighted Avg Shares (shares)	66.04M	65.88M	65.98M	65.06M	63.28M	59.07M	54.99M	—	—	—	—	—	—	—	—	—	—	—
Dividend Payout Ratio (%)	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$528.30M	$453.59M	$410.31M	$381.95M	$281.11M	$165.85M	$28.32M	$31.08M	$34.12M	$97.93M	$115.56M	$131.69M	$114.37M	$84.25M	$77.75M	$126.96M	—	—
Total Equity (USD)	$859.22M	$780.94M	$718.98M	$679.57M	$568.43M	$280.32M	$154.03M	$151.93M	$144.96M	$212.96M	$235.78M	$272.59M	$273.92M	$269.07M	$277.42M	$195.30M	$-339.36M	$-322.40M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$1.00B	$831.52M	$1.04B	$867.83M	$679.39M	$541.24M	$424.33M	$441.32M	$510.37M	$458.79M	$407.46M	$401.23M	$382.62M	$330.22M	$344.67M	$287.04M	$232.95M	—
Depreciation Expense (USD)	$17.71M	$19.55M	$16.63M	$14.31M	$15.01M	$13.72M	$10.32M	$9.19M	$10.18M	$8.32M	$10.26M	$9.26M	$10.18M	$8.56M	$7.95M	$5.01M	$4.94M	—
Net Income, GAAP (USD)	$17.88M	$-29.75M	$29.32M	$41.01M	$238.38M	$33.48M	$-17.69M	$-19.30M	$-83.03M	$-27.40M	$-26.33M	$-20.81M	$-17.27M	$-28.33M	$-52.55M	$-19.45M	$-26.19M	—
Operating Cash Flow (USD)	$134.95M	$68.40M	$56.25M	$27.18M	$56.79M	$51.41M	$4.65M	$3.56M	$-62.77M	$24.42M	$-5.34M	$38.08M	$40.82M	$27.68M	$14.59M	$9.18M	$1.39M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 5 days ago 18 years · 69 quarters

CALIX, INC

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