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Calix logo
Calix CALX
$ 32.24 -4.67%
report update icon

Quarterly report 2026-Q3
added 11-03-2026

Calix Financial Ratios 2025-2008 | CALX

Brief overview of Calix's valuation and returns

This overview follows the five latest available observations from 2020 through 2025.

The current valuation set is P/E 205.39x (median 80.43x), P/S 3.67x (median 3.67x), P/B 4.28x (median 4.28x). The combined ratio level is close to the company's five-year norm at a 0% deviation. No clear premium or discount is visible.

The 1/P/E calculation produces a 0.5% earnings yield. It does not capture future growth or capital structure.

Returns on assets and capital are represented by ROE 2.1%, ROA 1.7%, ROCE 2.4%. Efficiency ratios are restrained, with capital and assets producing modest returns.

On PEG (0.21x), valuation is restrained relative to growth, but one ratio cannot replace cash-flow and risk analysis.

The cash cycle changed only slightly and ended at 106.5 days.

Overall picture

Calix's multiples form a balanced picture without a clear discount or premium. Future appeal depends on earnings and return trends.

Annual Financial Ratios Calix

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
205.4 -85.8 87.2 80.4 14.4 69.7 -28.9 -29.2 -3.9 -12.5 -15.0 -23.4 -23.2 -13.7 -7.0 -17.9 - -

P/S

3.7 3.1 2.5 3.8 5.1 4.3 1.2 1.3 0.6 0.7 1.0 1.2 1.0 1.2 1.1 1.2 - -

EPS

0.3 -0.5 0.4 0.6 3.8 0.6 -0.3 -0.4 -1.7 -0.6 -0.5 -0.4 -0.3 -0.6 -1.1 -0.7 -6.5 -

EV (Enterprise Value)

3.73 B 2.67 B 2.72 B 3.42 B 3.56 B 2.4 B 627 M 679 M 431 M 436 M 460 M 537 M 427 M 449 M 411 M 344 M -31.8 M -23.2 M

EBITDA per Share

0.59 -0.36 0.64 1.03 1.41 0.86 -0.0475 -0.196 -1.32 -0.634 -0.317 -0.2 -0.167 -0.361 -0.961 -0.42 - -

EV/EBITDA

96.4 -113.6 64.4 51.2 40.0 47.5 -179.3 -50.0 -4.7 -9.5 -22.8 -43.1 -38.5 -19.5 -7.5 -27.6 2.2 -

PEG

-2.44 0.21 -0.22 -0.2 -0.04 -0.19 -2.14 -0.38 0.02 1.28 0.44 2.73 -0.57 -0.28 0.09 - - -

P/B

4.3 3.3 3.6 4.9 6.0 8.3 3.3 3.7 2.2 1.6 1.7 1.8 1.5 1.4 1.3 1.8 - -

P/CF

27.2 37.3 45.5 121.3 60.5 45.4 -58.7 -82.1 -4.5 23.6 -31.3 18.7 11.8 22.1 50.9 37.9 - -

ROE %

2.08 -3.81 4.08 6.03 41.94 11.94 -11.49 -12.70 -57.28 -12.87 -11.17 -7.64 -6.30 -10.53 -18.94 -9.96 7.72 -

ROA %

1.69 -3.17 3.11 4.63 32.13 7.84 -5.58 -6.09 -28.14 -7.71 -8.13 -5.62 -4.50 -7.50 -14.62 -7.55 - -

ROCE %

2.34 -5.33 3.39 7.31 12.04 11.29 -6.42 -11.25 -46.36 -13.94 -10.33 -6.92 -6.29 -9.67 -17.90 -8.44 5.70 -

Current Ratio

5.3 5.9 4.2 4.3 4.3 2.9 1.2 1.2 1.3 1.8 2.7 2.7 2.3 1.9 2.2 4.1 - -

DSO

32.6 45.1 38.6 37.6 41.5 39.1 40.0 55.4 57.5 40.8 42.2 28.0 41.5 65.8 50.8 27.6 - -

DIO

100.0 113.8 98.8 100.5 79.8 61.5 62.0 75.0 34.1 63.1 80.2 76.4 88.1 82.0 72.3 - - -

DPO

26.1 26.5 26.7 29.7 23.8 15.9 16.7 60.2 38.9 33.8 33.0 38.6 40.0 31.8 23.1 10.8 - -

Operating Cycle

132.6 158.9 137.4 138.1 121.3 100.6 102.0 130.5 91.6 104.0 122.4 104.3 129.6 147.8 123.1 - - -

Cash Conversion Cycle

106.5 132.3 110.7 108.4 97.5 84.7 85.3 70.3 52.7 70.2 89.4 65.7 89.7 116.0 100.0 - - -

All numbers in USD currency

Quarterly Financial Ratios Calix

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

0.16 0.27 0.17 0.11000000000000001 0.24 - -0.07 -0.27 -0.06 -0.12 - -0.10000000000000003 0.26 0.14 0.15 0.18 0.21 0.12 0.13 0.2999999999999998 2.79 0.32 0.33 0.39 0.34 -0.07 -0.12 0.01 -0.06 -0.09 -0.18 -0.1 0.02 -0.05 -0.23 -0.25 -0.35 -0.38 -0.67 -0.23 0.01 -0.12 -0.22 -0.19 0.02 -0.11 -0.23 -0.06 -0.08 -0.08 -0.2 -0.13 0.01 -0.1 -0.13 -0.14 -0.15 -0.15 -0.16 -0.11 -0.15 -0.38 -0.55

EBITDA per Share

0.26 0.41 0.26 50.6 0.34 0.07 -0.03 -78.2 -0.09 -0.09 0.04 34.6 0.3 0.24 0.21 99.6 0.35 0.21 0.21 83.1 0.34 0.38 0.4 27.6 0.42 0.06 -0.05 -0.04 0.08 -0.05 -0.13 0.05 0.15 0.04 -0.16 0.13 -0.19 -0.28 -0.65 0.12 0.03 -0.1 -0.15 0.05 0.11 -0.02 -0.14 -0.02 0.02 0.01 -0.1 0.03 0.09 0.01 -0.02 -25.7 -0.05 -0.05 -0.07 -0.82 -0.03 -0.2 -0.44

ROE %

6.23 6.67 4.24 2.09 -1.04 -3.45 -4.48 -3.85 -2.47 0.30 2.62 3.94 6.61 6.43 6.39 6.42 8.16 39.21 43.91 49.09 54.19 29.36 20.80 9.65 1.37 -9.24 -10.02 -12.11 -16.11 -13.23 -11.79 -13.59 -18.79 -31.23 -40.74 -50.53 -47.05 -34.89 -26.12 -12.82 -11.48 -11.41 -10.89 -10.41 -7.46 -9.25 -8.51 -7.75 -9.01 -7.37 -7.82 -6.38 -6.47 -9.31 -9.99 -10.42 -9.85 -9.72 -13.41 -18.88 -2.51 -6.28 -8.20

ROA %

4.76 5.26 3.44 1.74 -0.85 -2.88 -3.72 -3.19 -1.98 0.27 2.14 3.17 5.22 4.94 4.90 4.89 6.23 30.18 33.26 36.61 39.57 19.40 14.06 7.52 2.03 -4.36 -4.67 -5.60 -7.52 -6.18 -5.55 -6.81 -9.41 -15.27 -20.04 -25.24 -24.11 -18.33 -14.48 -8.52 -8.24 -8.16 -7.92 -7.78 -5.64 -6.98 -6.40 -5.74 -6.61 -5.41 -5.62 -4.46 -4.51 -6.59 -7.22 -7.70 -7.42 -7.39 -10.26 -14.50 -1.92 -4.80 -6.33

ROCE %

7.87 7.66 4.77 2.36 -1.00 -4.39 -5.88 -5.38 -4.66 -1.29 1.67 3.25 6.67 7.56 7.51 7.75 8.32 8.51 12.30 16.55 21.76 26.08 19.19 10.15 3.30 -5.61 -6.68 -8.42 -12.13 -10.24 -9.35 -11.33 -16.01 -26.43 -34.63 -43.78 -41.35 -31.03 -23.53 -11.99 -10.55 -10.54 -10.07 -9.67 -6.85 -8.46 -7.77 -7.06 -8.84 -7.54 -7.88 -6.36 -6.33 -8.80 -9.48 -10.08 -9.13 -9.04 -12.64 -18.29 -2.38 -5.96 -8.19

Current Ratio

4.2 3.9 4.5 5.3 6.3 6.2 6.1 5.9 5.9 5.6 5.1 4.2 5.3 4.7 4.6 4.3 4.0 4.5 4.2 4.3 4.3 3.1 3.0 2.9 2.8 2.0 1.9 1.9 1.9 1.9 1.9 1.9 1.9 2.0 2.0 2.0 1.9 2.0 2.1 2.5 3.1 3.4 3.5 3.7 3.9 4.1 4.2 3.8 3.9 3.9 3.8 3.5 3.3 3.1 3.3 3.5 3.8 3.9 4.2 4.4 4.3 4.2 4.4

DSO

39.9 39.4 35.2 31.3 25.9 26.1 32.1 36.4 38.0 42.0 45.6 35.6 30.7 33.1 34.0 36.3 36.0 39.3 42.7 45.8 45.6 41.8 40.5 37.2 38.7 48.2 51.0 36.1 43.3 52.5 62.4 53.2 54.6 51.2 62.5 41.2 34.6 42.5 44.9 37.6 40.0 39.5 42.2 41.4 36.6 37.3 35.0 30.1 38.9 42.6 46.6 47.5 51.6 64.5 65.6 57.9 63.3 60.4 55.0 47.0 57.7 49.3 -

DIO

119.2 114.8 109.0 95.8 87.9 91.3 95.2 100.0 107.5 117.5 111.2 85.2 112.3 113.5 114.3 110.7 92.8 91.1 95.0 87.9 84.0 86.2 74.9 52.9 47.9 49.0 57.5 60.3 65.1 75.9 87.1 57.4 37.1 35.3 46.6 35.4 41.1 47.5 50.0 46.6 55.3 66.0 79.1 74.0 67.5 76.1 85.8 71.1 69.9 80.5 93.7 79.6 64.7 70.1 79.5 64.1 63.3 73.6 86.5 77.7 77.0 69.1 -

DPO

50.3 55.4 41.8 24.4 17.6 20.4 20.4 21.9 18.1 15.5 23.6 17.1 21.3 25.9 28.7 41.1 34.6 27.1 32.6 32.4 36.6 37.0 25.5 16.7 16.4 22.4 25.4 24.4 43.8 58.9 66.7 52.1 43.4 33.0 42.8 34.2 31.1 28.9 26.5 23.8 22.6 20.1 27.4 29.4 28.2 29.3 35.8 29.0 20.3 21.0 33.2 36.3 29.3 27.8 29.4 29.0 36.6 36.0 29.8 22.8 21.3 20.9 -

Operating Cycle

159.1 154.2 144.2 127.1 113.8 117.5 127.3 136.4 145.4 159.5 156.8 120.9 143.0 146.6 148.3 147.0 128.8 130.4 137.7 133.7 129.6 128.0 115.4 90.1 86.6 97.2 108.5 96.4 108.4 128.4 149.5 110.6 91.6 86.5 109.1 76.7 75.7 90.0 94.8 84.2 95.3 105.5 121.3 115.4 104.2 113.4 120.8 101.2 108.7 123.0 140.3 127.1 116.3 134.6 145.1 121.9 126.6 134.1 141.4 124.7 134.7 118.4 -

Cash Conversion Cycle

108.8 98.7 102.4 102.6 96.1 97.1 106.8 114.5 127.4 144.1 133.2 103.7 121.7 120.7 119.6 105.9 94.2 103.3 105.0 101.3 93.0 91.0 89.9 73.3 70.3 74.8 83.1 72.0 64.7 69.5 82.8 58.5 48.2 53.5 66.3 42.4 44.6 61.1 68.3 60.5 72.7 85.4 93.9 86.0 75.9 84.1 85.0 72.2 88.4 102.0 107.1 90.8 87.0 106.8 115.8 92.9 90.0 98.1 111.6 102.0 113.4 97.5 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Calix, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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