Calix Inc
Calix Inc (CALX) is listed on NYSE and classified in Software - Infrastructure, part of the Technology sector. It is headquartered in San Jose, United States and has 1,921 employees. The company is worth $2.32B and trades at 49.2x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $1B in fiscal 2025, up 20.3% from the year before. Net income was $17.88M. The share price is 48.2% below its 52-week high of $71.22. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $45.11M. In that quarter, 3 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -45.5% over 5Y.
today you would have $583.16▼ -41.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $52.93 | $34.87 | $43.69 | $68.43 | $79.97 | $29.76 | $8.00 | $9.75 | $5.95 | $7.70 | $7.87 | $10.02 | $9.64 | $7.69 | $6.47 | $16.90 | |
| P/E | 79.6x | 203.6x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 28.0 among peers in the sector.
Median P/E of 79.6 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| RAMPLiveRamp Holdings, Inc. | $38.24 | 15.8x | 2.4x | 0.00% | 16.05% | $2.32B |
| TSATTelesat Corp | $44.96 | — | 2.6x | 0.00% | -72.97% | $2.31B |
| ROGRogers Corp | $128.89 | 81.6x | 1.9x | 0.00% | 2.60% | $2.3B |
| ADEAAdeia Inc. | $21.27 |
| — |
| 104.0x |
| 114.1x |
| 22.8x |
| 55.1x |
| — |
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| P/S | 1.3x | 3.5x | 2.8x | 2.7x | 5.2x | 7.6x | 3.4x | 1.1x | 1.2x | 0.6x | 0.8x | 0.9x | 1.3x | 1.3x | 1.1x | 0.9x | 2.3x |
| P/B | 3.0x | 4.0x | 3.0x | 4.0x | 6.7x | 9.1x | 6.6x | 2.9x | 3.5x | 2.1x | 1.8x | 1.6x | 1.9x | 1.8x | 1.4x | 1.1x | 3.3x |
| EPS | $0.26 | -$0.45 | $0.42 | $0.60 | $3.51 | $0.54 | -$0.32 | -$0.37 | -$1.66 | -$0.56 | -$0.51 | -$0.41 | -$0.35 | -$0.59 | -$1.15 | -$0.65 |
| Profit margin | -4.44% | 1.79% | -3.58% | 2.82% | 4.73% | 35.09% | 6.19% | -4.17% | -4.37% | -16.27% | -5.97% | -6.46% | -5.19% | -4.51% | -8.58% | -15.25% | -6.78% |
| ROE | -8.80% | 2.08% | -3.81% | 4.08% | 6.03% | 41.94% | 11.94% | -11.49% | -12.70% | -57.28% | -12.87% | -11.17% | -7.64% | -6.30% | -10.53% | -18.94% | -9.96% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
-33.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 20.7x |
| 4.9x |
| 0.94% |
| 27.88% |
| $2.35B |
| DBDDIEBOLD NIXDORF, Inc | $69.26 | 22.9x | 2.4x | 0.00% | 10.94% | $2.35B |
| FLYWFlywire Corp | $19.15 | 73.7x | 2.9x | 0.00% | 4.23% | $2.37B |