profit from every $100 of sales.
$0$100
Calix
$32.17-1.56% today
-46.7% in 1 year
1-year low $30.601-year high $60.30
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $111.17 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Calix sold, what it kept, and what it did with the cash.
Sales went from $868 million in 2022 to $1.00 billion in 2025, with $17.9 million of profit last year.
SalesProfit
Calix handed back 81% of the cash it generated last year.
Buybacks $94M
Free cash flow 2025$116M
Bought back its own shares$94M
Paid as dividends–
Cash vs. debt$143M vs. $16M
Calix vs. similar companies
Calix grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Calix | 111.2× · Very expensive | ||
 SAP | 34.4× · Expensive | ||
 Quhuo | No profit yet | ||
 Shopify | 153.7× · Very expensive | ||
 Salesforce | 24.0× · Fair price |
AI analysis
An AI analyst reads Calix's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 868 | 1,040 | 832 | 1,000 | |
| 435 | 518 | 454 | 568 | |
| 53 | 26 | -43 | 21 | |
| 67 | 42 | -23 | 39 | |
| 41 | 29 | -30 | 18 | |
| 0.60 | 0.46 | -0.45 | 0.26 | |
| 50.2% | 49.9% | 54.6% | 56.8% | |
| 6.1% | 2.5% | -5.2% | 2.1% | |
| 4.7% | 2.8% | -3.6% | 1.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 885 | 942 | 939 | 1,059 |
| Cash | 79 | 63 | 43 | 143 |
| Total debt | 12 | 12 | 8 | 16 |
| Total liabilities | 205 | 223 | 158 | 199 |
| 680 | 719 | 781 | 859 | |
| 69 | 69 | 66 | 69 | |
| 6.0% | 2.8% | -4.3% | 1.9% | |
| 6.0% | 4.1% | -3.8% | 2.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 27 | 56 | 68 | 135 | |
| 14 | 18 | 18 | 19 | |
| 13 | 38 | 50 | 116 | |
| Dividends paid | – | – | – | – |
| 0 | 86 | 11 | 94 | |
| 45 | 63 | 71 | 88 |
Valuation
- 111.2×
- 18.1×
- –
- 3.5×
- 2.0×
- 17.2×
- 48.1×
- 5.8%
- 0.9%
- 0.0%
Profitability
- 56.8%
- 2.1%
- 1.8%
- 5.7%
- 3.3%
- 9.7%
- 4.2%
- 3.6%
- 5.1%
- 19.0%
Growth
- +4.8%
- −24.3%
- +129.4%
- –
- +1.4%
Financial health
- -0.7×
- 0.02
- 1.2%
- –
- 3.29
- 2.42
- 1.11
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 31%of 964
Bottom 25%of 972
Bottom 9%of 730
Bottom 32%of 977
Top 24%of 981
What analysts expect
- Average price target
- $61.00
- Range
- $60.00 – $62.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 21, 2026 | 0.40 | 0.38 | +5.3% |
| Jan 28, 2026 | 0.39 | 0.38 | +2.6% |
| Oct 29, 2025 | 0.44 | 0.34 | +29.4% |
| Jul 21, 2025 | 0.33 | 0.20 | +65.0% |
| Apr 21, 2025 | 0.19 | 0.13 | +46.2% |
| Jan 29, 2025 | 0.08 | 0.07 | +14.3% |
| Oct 28, 2024 | 0.13 | 0.09 | +44.4% |
| Jul 22, 2024 | 0.09 | 0.07 | +28.6% |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
35No pass
Benjamin Graham
30No pass
Philip Fisher
29No pass
Peter Lynch
24No pass
Joel Greenblatt
1No pass
Charlie Munger
33No pass
Terry Smith
29No pass
Questions about Calix
Is Calix a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Calix AI analysis
What does Calix do?
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. It is in Software - Application, based in San Jose, CA, United States, with 1,921 employees.
Does Calix pay a dividend?
No. Calix does not pay a dividend at the moment; in 2025 it returned $93.6 million to shareholders by buying back its own shares.
Is Calix stock halal?
Yes. Calix passes our halal screen: its business is permitted and its debt is 0.8% of its market value, under the 30% limit. How we check
How has Calix stock done over the past year?
Down 46.7% over the past twelve months, to $32.17. It traded between $30.60 and $60.30 and is 46.7% below its high.
Who are Calix's competitors?
The largest listed companies in the same industry are SAP, Quhuo, Shopify and Salesforce. The peers table on this page compares their profit, growth and price with Calix's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.