Is Calix (CALX) overvalued or fairly valued?

MarketChacha shows Calix's valuation in context — a trailing P/E of about 55.9, a forward P/E of about 14.5, a price-to-book of about 3.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Calix's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (14.87×) from reported figures — education, not a rating.

What is Calix's revenue?

Calix reported revenue of $1.0B for FY2025, with net profit of $17.9M, per official filings.

What is the share price of Calix (CALX)?

Calix last traded at $35.78 (-4.5% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Calix

CALX · NYSE · Technology · United States

$35.78-4.5%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:32 PM

Snapshot

TickerCALX

ExchangeNYSE

SectorTechnology

IndustrySoftware - Infrastructure

CountryUnited States

Employees1,921

HeadquartersSan Jose, United States

Market cap$2.3B

P/E (TTM)55.9

P/B3.1

Volume1.51M

Websitewww.calix.com

Filings tracked6

About Calix

Calix, Inc., together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It offers Calix Cloud platform comprising Calix Engagement Cloud, Calix Operations Cloud, and Calix Service Cloud, which are configurable to display role-based insights and enable BEPs to anticipate and target new revenue-generating services and applications through mobile application, such as CommandIQ for residents and CommandWorx for businesses; Calix Intelligent Access, an access network solution for automated and intelligent networks; and Calix Unlimited Subscriber, a solution for subscriber managed services. It also provides SmartLife managed services, including SmartHome managed services and applications to enhance, operate and secure the connected experience of subscribers in their home for Wi-Fi, advanced content control, network security, connected cameras, and social media monitoring; SmartTown managed services that reimagine community Wi-Fi as a ubiquitous, secure, and managed experience across a BEP's footprint; SmartBiz managed services that address the business networking and productivity needs of business owners with an all-in-one managed service; SMARTMDU managed services provide purpose-built, flexible connectivity solutions for multi-family properties of any type. In addition, the company offers Wi-Fi systems under GigaSpire and GigaPro brands to be ready for deployment as a complete subscriber experience solution for BEP's residential and business subscribers. It provides its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders9.7%
Institutions90.3%
Public & other0.0%

430 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.17.49%
Vanguard Portfolio Management LLC8.68%
Alliancebernstein L.P.5.10%
Vanguard Capital Management LLC4.21%
State Street Corporation4.08%
Millennium Management Llc2.99%
Westfield Capital Management Co LP2.42%
Geode Capital Management, LLC2.25%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Latest ROE of 2.1% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion14.87×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend2.8% → 1.8%

Margin has held broadly steady over the period — stable profitability.

Return on equity2.1%

Latest ROE of 2.1% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -2% · PAT -22%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $314.2M · EPS 0.45

Est. earnings growth +14.2%

Next fiscal year

Rev $1.4B · EPS 2.30

Est. earnings growth +33.7%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$34.2652-wk range$71.22

Delayed · as reported by Yahoo Finance

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$2.3B

Day change

-4.5%

P/E (TTM)

55.9

Fwd P/E

14.5

P/B

3.1

Revenue (FY2025)

$1.0B

Net margin

1.8%

ROE

2.1%

Revenue CAGR (2y)

-1.9%

Profit CAGR (2y)

-21.9%

EPS (FY2025)

0.26

Net profit (FY2025)

$17.9M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about CALX

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.0B	$17.9M	0.26	1.8%	2.1%
FY2024	$831.5M	$-29.7M	-0.45	-3.6%	-3.8%
FY2023	$1.0B	$29.3M	0.42	2.8%	4.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$293.3M	$17.1M	0.26	5.8%
2026Q1	$280.0M	$11.2M	0.16	4.0%
2025Q3	$265.4M	$15.7M	0.22	5.9%
2025Q2	$241.9M	$-199,000	0.00	-0.1%
2025Q1	$220.2M	$-4.8M	-0.07	-2.2%
2024Q3	$200.9M	$-4.0M	-0.06	-2.0%
2024Q2	$198.1M	$-8.0M	-0.12	-4.0%
2024Q1	$226.3M	$103,000	0.00	0.0%
2023Q3	$263.8M	$17.0M	0.24	6.4%
2023Q2	$250.0M	$9.6M	0.14	3.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/21/2026
8-K — Results of operations, Exhibits
SEC7/20/2026material
8-K — Shareholder vote results
SEC5/15/2026material
10-Q filing
SEC4/22/2026
8-K — Other events, Exhibits
SEC4/21/2026material
8-K — Results of operations, Exhibits
SEC4/21/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.