A10 Networks, Inc. (ATEN) vs Calix, Inc (CALX)

A10 Networks, Inc. and Calix, Inc are both Software Infrastructure companies. Calix, Inc is the larger, with a market value of $2.1B against $1.9B — 1.1× the size. Calix, Inc trades at the lower P/E: 41.9× against 42.9×. Calix, Inc grew revenue faster over the last twelve months: 27.8% against 12.2%. A10 Networks, Inc. has the higher net margin (13.9% vs 4.61%) and the higher return on invested capital (31.3% vs 7.42%). Across the 22 metrics below, Calix, Inc leads on 14 and A10 Networks, Inc. on 8.

Valuation

Metric ATEN CALX Software Infrastructure median
P/E 42.88 41.95 28.02
P/S 5.99 1.89 3.07
P/B 7.80 2.96 3.36
Price to free cash flow 30.47 24.64 17.12
EV/EBITDA 29.24 24.36 14.91
EV/Sales 6.25 1.73 3.03
Earnings yield 2.33% 2.38% 0.13%
Free cash flow yield 3.28% 4.06% 1.15%

Profitability

Metric ATEN CALX Software Infrastructure median
Gross margin 79.38% 56.58% 61.23%
Operating margin 16.14% 5.51% 0.00%
Net margin 13.85% 4.61% 0.00%
Free cash flow margin 19.65% 7.69% 1.67%
Return on equity 19.45% 6.91% 0.59%
Return on assets 6.68% 5.46% 0.00%
Return on invested capital 31.25% 7.42% 0.00%

Growth

Metric ATEN CALX Software Infrastructure median
Revenue growth (TTM) 12.20% 27.84% 13.41%
EPS growth (last fiscal year) (14.93%) 157.78% —
Revenue growth, 5-year CAGR 5.20% 13.06% 15.81%
Net income growth, 5-year CAGR 18.79% (11.79%) 0.00%

Health

Metric ATEN CALX Software Infrastructure median
Debt to equity 0.92 0.00 0.06
Current ratio 1.29 2.83 1.55
Net debt to EBITDA (2.57) (10.03) 0.08

Dividend

Metric ATEN CALX Software Infrastructure median
Dividend yield 1.90% — 1.53%
Payout ratio 0.38 0.00 0.00

Size

Metric ATEN CALX Software Infrastructure median
Market cap 1.89b 2.09b 835.96m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack