# Calix share price today (Calix, Inc., CALX)

> Calix, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. CALX · Technology · Software - Infrastructure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/calx

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $33.25 (−51.4% in a year)
- P/E: 48.5×, over 4.6 years
- Revenue (Jun 2026): $293 M (+21.3% on a year ago)
- Profit (Jun 2026): $17.1 M
- Operating margin: 7.4% (+7.2 points on a year ago)
- ROE: 2%, FY25
- ROIC: 7.2%, against a 11.4% cost of capital: −4.2 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Calix share price today? Calix, Inc.'s share price was $33.25 at the close on 3 November 2026. It has been falling for 17 weeks. That is 21.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between $33 and $64, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 1 week running. Over the last 10 years the share price moved +345% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Calix pay? Calix, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Calix on? Calix is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Calix profitable? Calix, Inc. earned $17.1 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was $17.9 M. Over 4 years profit has grown −47.7% a year on average. That is 5.8% of the quarter's revenue. The same quarter a year earlier lost $199 K. 6 of the last 12 reported quarters were loss-making. ## How much revenue does Calix make, and is it growing? Calix, Inc. reported $293 M of revenue in the Jun 2026 quarter, +21.3% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 10.1% a year on average. The last full year, FY25, came in at $1.0 B. The last four reported quarters add to $1.1 B. FY25 revenue was $1.0 B, +20.3% on the year before. Recent pace: the last four quarters grew +28.2% on average, against 10.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +27.8%, against +8.0% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Calix keep? Calix, Inc.'s operating margin was 7.4% in the Jun 2026 quarter, 7.2 percentage points higher than the same quarter a year ago. Across 5 years it has been between −5.2% and 10.8%. The latest quarter is within that range. Why the margin moved: operating margin changed +7.2 percentage points on the year while gross margin changed −1.7 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Calix's profit turning into cash? Over the last 3 years, 248% of Calix, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $135 M of operating cash against $17.9 M of profit. After $19.4 M of spending on assets, $116 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Calix's cash go? Calix, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $55.3 M on assets over the last 3 years. Averaged over those years that is 1.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $55.3 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Calix's P/E ratio, and how does it compare with its own history? Calix, Inc.'s P/E is 48.5×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Where the price move came from: over 3 years the price moved −2.2% a year; about +3.5% a year came from earnings growth and about −5.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Calix business getting better or worse? Calix, Inc.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −1175.6% in the latest quarter, against −2.3% at its best in 12 quarters, with ROCE rising at 7.9%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Calix earn on its capital? Calix, Inc. earned a ROE of 2% in FY25. That is up from a low of −4% in FY24. Its return on capital used (ROIC) is 4.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.8% net margin and 0.94× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 1.8% net margin × 0.94× asset turnover × 1.23× leverage (assets divided by equity) ≈ 2.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 7.2% − 11.4% = −4.2 percentage points. The 11.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 2.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Calix have too much debt? Calix, Inc. has total debt of $14.0 M against shareholder equity of $710 M as of Jun 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.03 in FY21 to 0.02 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Calix shareholding pattern? 9.0% of Calix, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Calix from balance-sheet trouble? For Calix, Inc., the Z-score is 9.88. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 9.88 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Calix rank in its industry? There is no score against its industry: Calix, Inc. is not among the largest members shown in this industry comparison for Software - Infrastructure. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Calix compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Calix in size? Calix is the 64th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: LiveRamp Holdings, Inc., Flywire Corporation and PagSeguro Digital. Just below it: GigaCloud Technology Inc., Infleqtion, Inc. and EVERTEC, Inc. ### Software - Infrastructure companies close in size

1. [LiveRamp Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ramp) $2.3 billion
2. [Flywire Corporation](https://www.sectoralpha.in/us/stocks/flyw) $2.3 billion
3. [PagSeguro Digital Ltd.](https://www.sectoralpha.in/us/stocks/pags) $2.1 billion
4. Calix, Inc. $2.1 billion
5. [GigaCloud Technology Inc.](https://www.sectoralpha.in/us/stocks/gct) $2 billion
6. [Infleqtion, Inc.](https://www.sectoralpha.in/us/stocks/infq) $1.9 billion
7. [EVERTEC, Inc.](https://www.sectoralpha.in/us/stocks/evtc) $1.9 billion

[All 117 Software - Infrastructure companies, largest first](https://www.sectoralpha.in/us/sectors/software-infrastructure#all-companies)

### Companies close in size in other industries

1. [Veeco Instruments Inc.](https://www.sectoralpha.in/us/stocks/veco) $2.3 billion · Semiconductor Equipment & Materials
2. [Bob's Discount Furniture, Inc.](https://www.sectoralpha.in/us/stocks/bobs) $2.3 billion · Specialty Retail
3. Calix, Inc. $2.3 billion
4. [NETSTREIT Corp.](https://www.sectoralpha.in/us/stocks/ntst) $2.3 billion · REIT - Retail
5. [Intuitive Machines, Inc.](https://www.sectoralpha.in/us/stocks/lunr) $2.3 billion · Aerospace & Defense

## What else do people ask about Calix? ### What were Calix's latest quarterly results? Calix, Inc. reported revenue of $293 M and net profit of $17.1 M for the Jun 2026 quarter. Earnings per share were $0.26. The operating margin was 7.4%, 7.2 percentage points higher than a year earlier (as of 3 November 2026). ### What is Calix's market cap? Calix, Inc.'s market capitalisation is $2.1 B at a stock price of $33.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Calix performing? Calix, Inc.'s share price has been falling for 17 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Calix's stock price go up? This page does not forecast Calix, Inc.'s stock price. What it shows instead: the stock price is $33.25, and it has been falling for 17 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Calix in its business cycle? Calix, Inc.'s FY25 operating margin was 2.1%, against a 5-year range of −5.2% to 10.8%: the middle of its own range, neither a peak nor a low. The latest quarter was 7.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Calix story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Calix a stock worth studying right now? What the numbers show: Calix, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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