# Calix Inc (CALX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Software. Price $35.96, market value $2.3 billion.

## Valuation
- **P/E (trailing): 47.3×** (5-yr avg 111.1×, 3-yr avg 153.8×). Calix Inc trades at 47.3× trailing earnings, well below its own five-year average of 111.1×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 15.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.10**. A PEG of 0.10 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 3.8%** (5-yr avg 1.5%). Free cash flow equals 3.8% of the market value, above its five-year average of 1.5%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.1%**. The inverse of the P/E: 2.1% of the price is earned each year.

## Profitability
- **Gross margin: 56.6%**. Calix Inc keeps 56.6% of revenue after the direct cost of what it sells.
- **Operating margin: 5.5%**. 5.5% of revenue is left after running the business.
- **Net margin: 1.8%**. 1.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.1%**. 2.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 4.8%**. Each dollar of assets produces 4.8% of profit.

## Growth
- **Revenue growth (1 yr): 20.3%** (3-yr 4.8%/yr, 5-yr 13.1%/yr). Revenue grew 20.3% over the last year, against 13.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 157.8%** (3-yr -24.3%/yr, 5-yr -13.6%/yr). Earnings per share rose 157.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 106.5%/yr**. Free cash flow has compounded at 106.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Current ratio: 4.24** (quick 4.24). Current assets cover the next year's liabilities 4.24 times.
- **Altman Z-score: 9.56**. A Z-score of 9.56 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Calix Inc does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -41.1%** (YTD -32.1%, 3-mo -3.5%). The shares are down 41.1% over twelve months including dividends.
- **From 52-week high: -49.5%** (5.0% above the low). Trading 50% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 0.97** (volatility 41%). Beta of 0.97 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CALX · Page: https://foliofundamentals.com/stocks/calx

Not investment advice.