Last 48 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Calix, Inc.'s quarterly P/E stands at 132.3x.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 199.12 | 132.32 | 64.14 | — | — | — | — | — | 5526.67 | — | 47.75 | 95.98 | 95.70 |
| — | — | — | — | — | — | — | — | +5675.2% | — | -40.6% | +20.8% | +9.8% | |
| P/S Ratio | 3.43 | 3.42 | 3.74 | 3.42 | 2.63 | 2.79 | 3.16 | 2.94 | 2.50 | 2.70 | 3.02 | 3.33 | 3.74 |
| — | +22.8% | +18.3% | +16.5% | +5.2% | +3.4% | +4.6% | -11.8% | -33.2% | -44.9% | -32.4% | +12.9% | -3.4% | |
| P/B Ratio | 4.24 | 4.34 | 4.83 | 4.28 | 3.02 | 2.94 | 3.26 | 3.09 | 3.04 | 3.97 | 4.25 | 4.69 | 5.20 |
| — | +47.5% | +48.0% | +38.9% | -0.8% | -25.9% | -23.2% | -34.2% | -41.6% | -43.6% | -34.9% | +21.4% | +7.7% | |
| P/FCF | 29.70 | 23.14 | 37.21 | 23.22 | 44.83 | 56.23 | 49.81 | 35.48 | 51.42 | 65.15 | 66.59 | 72.58 | 267.29 |
| — | -58.9% | -25.3% | -34.6% | -12.8% | -13.7% | -25.2% | -51.1% | -80.8% | -92.9% | -79.1% | -46.8% | +54.5% | |
| EV / EBITDA | 85.62 | 67.37 | 43.99 | 171.12 | — | — | — | — | 192.38 | — | 37.96 | 53.11 | 66.89 |
| — | — | — | — | — | — | — | — | +187.6% | — | -15.6% | +21.6% | +30.3% | |
| EV / EBIT | 157.86 | 67.37 | 47.82 | 2071.33 | — | — | — | — | — | — | 48.12 | 71.96 | 91.95 |
| — | — | — | — | — | — | — | — | — | — | -7.6% | +19.0% | +28.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Calix, Inc.'s operating margin was 3.4% in Q4 2025, down 3.2 pp QoQ and up 12.5 pp YoY. The trailing four-quarter average of 1.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 5.0% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.8% | 57.7% | 57.3% | 56.3% | 55.7% | 55.0% | 54.8% | 54.3% | 54.2% | 42.8% | 53.3% | 52.3% | 51.2% |
| — | +5.0% | +4.6% | +3.8% | +2.9% | +28.6% | +2.8% | +3.9% | +5.7% | -16.2% | +6.2% | +5.4% | +3.2% | |
| Operating Margin | 2.1% | 3.4% | 6.6% | 0.2% | -2.8% | -9.1% | -5.4% | -5.7% | -0.9% | -4.6% | 6.0% | 4.5% | 4.0% |
| — | +137.4% | +220.9% | +102.8% | -207.5% | -99.2% | -189.8% | -226.7% | -122.6% | -185.6% | -28.7% | -5.8% | -25.4% | |
| Net Margin | 1.8% | 2.6% | 5.9% | -0.1% | -2.2% | -8.7% | -2.0% | -4.0% | 0.0% | -2.5% | 6.4% | 3.6% | 3.8% |
| — | +130.4% | +398.7% | +98.0% | -4876.9% | -248.8% | -130.7% | -211.8% | -98.8% | -151.1% | +13.0% | -3.5% | -12.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.2% | 0.9% | 2.0% | -0.0% | -0.6% | -2.3% | -0.5% | -1.1% | 0.0% | -0.9% | 2.3% | 1.3% | 1.4% |
| — | +137.3% | +479.2% | +97.6% | -4485.8% | -156.0% | -122.8% | -182.8% | -99.0% | -150.0% | +6.9% | +3.2% | -1.8% | |
| ROA | 1.8% | 0.7% | 1.7% | -0.0% | -0.5% | -1.9% | -0.4% | -0.9% | 0.0% | -0.7% | 1.8% | 1.0% | 1.1% |
| — | +137.1% | +485.8% | +97.5% | -4788.2% | -170.4% | -123.6% | -185.6% | -99.0% | -151.9% | +12.0% | +5.3% | -0.3% | |
| ROIC | 2.1% | 0.9% | 1.8% | 0.0% | -0.6% | -1.9% | -1.2% | -1.3% | -0.2% | -1.4% | 1.8% | 1.4% | 1.2% |
| — | +149.2% | +255.8% | +103.2% | -169.9% | -36.5% | -162.9% | -193.0% | -119.3% | -186.3% | -28.2% | +6.9% | -11.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Calix, Inc.'s Debt/EBITDA ratio is 1.9x, up from 0.5x last quarter — comfortably within a safe range. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| — | +189.0% | +16.8% | -42.5% | -38.9% | -36.1% | -28.9% | -25.6% | -16.7% | -44.2% | -19.3% | -22.6% | -30.7% | |
| Debt / EBITDA | 0.66 | 1.90 | 0.51 | 1.26 | — | — | — | — | 3.94 | — | 0.62 | 0.84 | 0.95 |
| — | — | — | — | — | — | — | — | +315.0% | — | +7.4% | -22.0% | -15.1% | |
| Current Ratio | 4.24 | 4.24 | 5.02 | 4.55 | 4.58 | 4.46 | 4.50 | 4.28 | 3.96 | 3.19 | 4.22 | 3.69 | 3.58 |
| — | -5.0% | +11.4% | +6.2% | +15.5% | +39.9% | +6.6% | +16.1% | +10.5% | -3.7% | +42.4% | +5.1% | +15.3% | |
| Quick Ratio | 3.42 | 3.42 | 4.14 | 3.65 | 3.75 | 3.68 | 3.73 | 3.43 | 3.14 | 2.48 | 3.14 | 2.74 | 2.61 |
| — | -7.0% | +11.0% | +6.5% | +19.5% | +48.3% | +18.6% | +25.0% | +20.4% | +2.9% | +44.0% | -0.6% | +10.3% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonCalix, Inc.'s current P/E is 199.1x. The average P/E over the last 2 quarters is 98.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Calix, Inc.'s current operating margin is 2.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Calix, Inc.'s business trajectory between earnings reports.