Calix, Inc (CALX) vs StoneCo Ltd. (STNE)

Calix, Inc and StoneCo Ltd. are both Software Infrastructure companies. Calix, Inc and StoneCo Ltd. are of similar size ($2.3B and $2.1B). StoneCo Ltd. trades at the lower P/E: 3.7× against 41.9×. Calix, Inc grew revenue faster over the last twelve months: 27.8% against 8.71%. StoneCo Ltd. has the higher net margin (24.1% vs 4.61%) and the higher return on invested capital (27.2% vs 7.42%). Across the 22 metrics below, StoneCo Ltd. leads on 18 and Calix, Inc on 4.

Valuation

Metric CALX STNE Software Infrastructure median
P/E 41.95 3.68 28.02
P/S 1.89 0.83 3.07
P/B 2.96 1.25 3.36
Price to free cash flow 24.64 3.06 17.12
EV/EBITDA 24.36 2.32 14.91
EV/Sales 1.73 1.31 3.03
Earnings yield 2.38% 27.20% 0.13%
Free cash flow yield 4.06% 32.72% 1.15%

Profitability

Metric CALX STNE Software Infrastructure median
Gross margin 56.58% 73.59% 61.23%
Operating margin 5.51% 49.68% 0.00%
Net margin 4.61% 24.12% 0.00%
Free cash flow margin 7.69% 27.20% 1.67%
Return on equity 6.91% 33.67% 0.59%
Return on assets 5.46% 6.10% 0.00%
Return on invested capital 7.42% 27.16% 0.00%

Growth

Metric CALX STNE Software Infrastructure median
Revenue growth (TTM) 27.84% 8.71% 13.41%
EPS growth (last fiscal year) 157.78% 265.22% —
Revenue growth, 5-year CAGR 13.06% 31.53% 15.81%
Net income growth, 5-year CAGR (11.79%) 20.77% 0.00%

Health

Metric CALX STNE Software Infrastructure median
Debt to equity 0.00 1.80 0.06
Current ratio 2.83 1.26 1.55
Net debt to EBITDA (10.03) 1.18 0.08

Dividend

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

Size

Metric CALX STNE Software Infrastructure median
Market cap 2.09b 2.26b 835.96m

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