Calix, Inc

CALX Technology Software Infrastructure

Calix, Inc’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 20.3% from fiscal 2024.

Revenue
+13.7%
EPS
−33.3%
Free cash flow
−87.2%

Quarter to September 2026, against a year earlier

33.45 0.20 +0.60%
Market cap
$2.1B
P/E
46.9×
Fwd P/E
41.4×
Dividend yield
—
F-score
7/9
Altman Z
11.64
Beneish M
−2.84
Dividend safety
n/a

Calix, Inc (CALX) Free cash flow margin

Alert me on Free cash flow margin

Calix, Inc's free cash flow margin over the twelve months to 30 September 2026 was 5.42%, down 6.1 percentage points from fiscal 2025 (11.6%). Over the past ten years it has ranged from −13.9% (fiscal 2017) to 11.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 1.27%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 11.6% 5.50
FY2024 6.05% 2.36
FY2023 3.69% 2.18
FY2022 1.51% (5.31)
FY2021 6.82% (1.23)
FY2020 8.05% 10.10
FY2019 −2.05% (0.49)
FY2018 −1.56% 12.31
FY2017 −13.9% (17.05)
FY2016 3.18% 6.28

Against its own ten years

Low −13.9% High 11.6%
Ten-year median 3.18%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
RAMP LiveRamp Holdings, Inc. compare 23.9%
FLYW Flywire Corporation compare 21.5%
PAGS PagSeguro Digital Ltd. compare 18.4%
MQ Marqeta, Inc. compare 15.4%
EVTC Evertec, Inc. compare 13.5%
GCT GigaCloud Technology Inc. compare 10.8%
PAYO Payoneer Global Inc. compare 10.7%
CALX Calix, Inc 5.42%
EEFT Euronet Worldwide, Inc. compare 0.00%
Software Infrastructure industry median 0.00%
Technology sector median 1.27%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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