Calix, Inc (CALX) vs Flywire Corporation (FLYW)

Calix, Inc and Flywire Corporation are both Software Infrastructure companies. Calix, Inc and Flywire Corporation are of similar size ($2.1B and $2.1B). Calix, Inc trades at the lower P/E: 41.9× against 64.8×. Flywire Corporation grew revenue faster over the last twelve months: 32.2% against 27.8%. Flywire Corporation has the higher net margin (4.77% vs 4.61%) and the lower return on invested capital (4.70% vs 7.42%). Across the 20 metrics below, Calix, Inc leads on 10 and Flywire Corporation on 10.

Valuation

Metric CALX FLYW Software Infrastructure median
P/E 41.95 64.81 28.02
P/S 1.89 3.00 3.07
P/B 2.96 2.62 3.36
Price to free cash flow 24.64 13.94 17.12
EV/EBITDA 24.36 26.34 14.91
EV/Sales 1.73 2.61 3.03
Earnings yield 2.38% 1.54% 0.13%
Free cash flow yield 4.06% 7.17% 1.15%

Profitability

Metric CALX FLYW Software Infrastructure median
Gross margin 56.58% 100.00% 61.23%
Operating margin 5.51% 5.51% 0.00%
Net margin 4.61% 4.77% 0.00%
Free cash flow margin 7.69% 21.54% 1.67%
Return on equity 6.91% 4.23% 0.59%
Return on assets 5.46% 2.99% 0.00%
Return on invested capital 7.42% 4.70% 0.00%

Growth

Metric CALX FLYW Software Infrastructure median
Revenue growth (TTM) 27.84% 32.21% 13.41%
EPS growth (last fiscal year) 157.78% 450.00% —
Revenue growth, 5-year CAGR 13.06% 36.44% 15.81%
Net income growth, 5-year CAGR (11.79%) 0.00% 0.00%

Health

Metric CALX FLYW Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 2.83 1.52 1.55
Net debt to EBITDA (10.03) (9.18) 0.08

Dividend

Metric CALX FLYW Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric CALX FLYW Software Infrastructure median
Market cap 2.09b 2.08b 835.96m

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