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) Operating margin

Alert me on Operating margin

Calix, Inc's operating margin over the twelve months to 30 September 2026 was 5.26%, up 3.2 percentage points from fiscal 2025 (2.10%). Over the past ten years it has ranged from −16.0% (fiscal 2017) to 10.9% (fiscal 2021); the current reading is higher than 64% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.31%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 2.10% 7.28
FY2024 −5.18% (7.64)
FY2023 2.46% (3.60)
FY2022 6.06% (4.82)
FY2021 10.9% 4.07
FY2020 6.81% 10.44
FY2019 −3.63% 0.57
FY2018 −4.20% 11.78
FY2017 −16.0% (9.85)
FY2016 −6.13% 0.38

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 5.49% (1.96)
Jun 2026 7.45% 2.91
Mar 2026 4.54% 1.14
Dec 2025 3.40% (3.16)
43 more quarters

Against its own ten years

Low −16.0% High 10.9%
Ten-year median −3.63%
Current reading's percentile 72

Operating margin against peers

Company Operating margin
PAGS PagSeguro Digital Ltd. compare 40.1%
EVTC Evertec, Inc. compare 17.9%
GCT GigaCloud Technology Inc. compare 11.7%
RAMP LiveRamp Holdings, Inc. compare 11.6%
EEFT Euronet Worldwide, Inc. compare 11.0%
PAYO Payoneer Global Inc. compare 10.4%
FLYW Flywire Corporation compare 5.51%
CALX Calix, Inc 5.26%
MQ Marqeta, Inc. compare 0.54%
Software Infrastructure industry median 0.00%
Technology sector median 0.31%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on CALX