Calix
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
208.9680.6
Price/Sales ratio
3.713.22
Earnings per Share (EPS)
$0.27$0.7

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-26.02-15.38-13.69-3.59-26.35-24.8652.5021.22108.5598.3084.94-26.35
Price/Sales ratio
1.260.990.810.581.151.033.247.445.122.774.011.15
Price/Book Value ratio
1.851.711.762.053.342.856.278.906.554.005.123.34
Price/Cash Flow ratio
13.37-75.8615.36-4.75142.8494.5334.1989.10163.7751.24128.15128.15
Price/Free Cash Flow ratio
19.49-32.1125.73-4.21-74.06-50.5740.33109.22339.4275.07265.61-74.06
Price/Earnings Growth ratio
-3.03-0.44-1.39-0.010.331.83-0.180.03-1.30-3.25-1.011.83
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
44.31%46.73%43.85%33.87%44.72%44.28%49.33%52.48%50.17%49.85%50.17%44.72%
Operating Profit Margin
-4.76%-6.50%-6.12%-15.97%-4.19%-3.04%6.80%10.88%6.06%2.46%6.06%-4.19%
Pretax Profit Margin
-4.73%-6.33%-5.89%-16.02%-4.25%-3.89%6.33%10.69%6.22%3.34%6.22%-4.25%
Net Profit Margin
-4.87%-6.46%-5.97%-16.26%-4.37%-4.16%6.18%35.08%4.72%2.82%4.72%-4.37%
Effective Tax Rate
-3.06%-2.07%-1.28%-1.51%-2.82%-7.02%2.33%-228.10%24.11%15.62%24.11%-2.82%
Return on Assets
-5.28%-8.13%-7.70%-28.13%-6.08%-5.58%7.83%32.12%4.63%3.11%4.63%-6.08%
Return On Equity
-7.14%-11.16%-12.86%-57.27%-12.70%-11.48%11.94%41.93%6.03%4.07%6.46%-12.70%
Return on Capital Employed
-6.47%-10.32%-12.01%-48.91%-10.67%-6.42%11.29%12.04%7.31%3.39%7.31%-10.67%
Liquidity Ratios
Current Ratio
2.732.711.801.261.211.242.64N/AN/AN/A3.301.21
Quick Ratio
2.152.001.431.020.860.892.122.502.402.472.020.86
Cash ratio
0.650.350.410.300.340.400.790.400.470.330.470.34
Days of Sales Outstanding
27.9642.2440.8457.4955.4340.0046.8145.7839.4544.2439.4540.00
Days of Inventory outstanding
76.3780.1663.1234.1075.0461.9969.57100.49125.9193.11125.9175.04
Operating Cycle
104.34122.40103.9691.59130.47102.00116.38146.28165.36137.36135.63130.47
Days of Payables Outstanding
38.5932.9633.7638.9160.1616.6517.4532.8534.9524.3234.9534.95
Cash Conversion Cycle
65.7489.4370.2052.6870.3185.3498.92113.42130.41113.0335.5485.34
Debt Ratios
Debt Ratio
N/AN/AN/A0.100.090.090.000.00N/AN/A0.230.09
Debt Equity Ratio
N/AN/AN/A0.200.190.190.010.00N/AN/A0.300.19
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.01N/A
Total Debt to Capitalization
N/AN/AN/A0.170.160.160.010.00N/AN/A0.010.16
Interest Coverage Ratio
-25.29-23.17-55.75N/AN/AN/A27.21N/AN/AN/A26.18N/A
Cash Flow to Debt Ratio
N/AN/AN/A-2.090.110.1517.5712.00N/AN/A2.190.11
Company Equity Multiplier
1.351.371.662.032.082.051.521.301.301.301.302.05
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.09-0.010.05-0.120.000.010.090.080.030.050.030.00
Free Cash Flow / Operating Cash Flow Ratio
0.682.360.591.12-1.92-1.860.840.810.480.680.48-1.92
Cash Flow Coverage Ratio
N/AN/AN/A-2.090.110.1517.5712.00N/AN/A2.190.11
Short Term Coverage Ratio
N/AN/AN/A-2.090.110.1517.5712.00N/AN/A6.880.11
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A