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

33.53 0.28 +0.84%
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) Gross margin

Alert me on Gross margin

Calix, Inc's gross margin over the twelve months to 30 September 2026 was 55.6%, down 1.3 percentage points from fiscal 2025 (56.8%). Over the past ten years it has ranged from 33.9% (fiscal 2017) to 56.8% (fiscal 2025) — the current reading is the highest in ten years. That is below the Software Infrastructure industry median of 59.2% and above the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 56.8% 2.28
FY2024 54.6% 4.69
FY2023 49.9% (0.31)
FY2022 50.2% (2.32)
FY2021 52.5% 3.16
FY2020 49.3% 5.04
FY2019 44.3% (0.44)
FY2018 44.7% 10.85
FY2017 33.9% (9.98)
FY2016 43.9% (2.88)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 53.3% (1.30)
Jun 2026 54.6% (2.30)
Mar 2026 56.9% (0.85)
Dec 2025 57.7% 0.47
43 more quarters

Against its own ten years

Low 33.9% High 56.8%
Ten-year median 49.3%
Current reading's percentile 91

Gross margin against peers

Company Gross margin
FLYW Flywire Corporation compare 100.0%
PAYO Payoneer Global Inc. compare 100.0%
RAMP LiveRamp Holdings, Inc. compare 70.8%
MQ Marqeta, Inc. compare 69.8%
CALX Calix, Inc 55.6%
PAGS PagSeguro Digital Ltd. compare 53.3%
EVTC Evertec, Inc. compare 51.1%
EEFT Euronet Worldwide, Inc. compare 41.3%
GCT GigaCloud Technology Inc. compare 24.0%
Software Infrastructure industry median 59.2%
Technology sector median 47.1%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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