Calix Valuation Multiples

Calix is valued at $35M as of October 2026, a 1.1x revenue multiple. In the last 12 months, Calix revenue was $27M and Calix EBITDA was ($8M).

See full Calix profile

Calix Overview

About Calix

Calix Ltd is an Australian technology company. The company's patented core platform technology delivers efficient indirect heating of minerals to enable the electrification of industries, efficient capture of unavoidable CO2 emissions, and green industrial processing solutions. Its core technology platform includes the Calix Flash Calciner (CFC). The group operates in three business segments, namely: Leilac (CO2 mitigation), Sustainable Processing, and Magnesia. It has operations in Australia, New Zealand, Asia, Europe, and the United States of America. The company generates the majority of its revenue from Magnesia.


Founded

2005

HQ

Australia

Employees

100

Financials (LTM)

Revenue: $27M
EBITDA: ($8M)

EV

$30M

Valuation Multiples

Start free trial

Valuation Multiples for 15K+ Public Comps

AdidasAirbnbAmazonCiscoCoca-ColaDellDropboxIBMIntelMcDonaldsNikeNVIDIASamsungSpotifyTeslaToyota
Browse Valuation Multiples

Calix Financials

Calix reported last 12-month revenue of $27M and negative EBITDA of ($8M).

In the same LTM period, Calix generated $11M in gross profit, ($8M) in EBITDA losses, and had net loss of ($28M).

Revenue (LTM)


Calix P&L

In the most recent fiscal year, Calix reported revenue of $25M and EBITDA of ($31M).

Calix is unprofitable as of last fiscal year, with gross margin of 39%, EBITDA margin of (126%), and net margin of (144%).

See analyst estimates for Calix
LTMLast FY202320242025202620272028
Revenue$27M$25M$17M$21M$23M
Gross Profit$11M$10M$8M$9M$9M
Gross Margin39%39%45%45%38%
EBITDA($8M)($31M)($13M)($11M)($20M)
EBITDA Margin(29%)(126%)(78%)(56%)(90%)
EBIT Margin(48%)(69%)(152%)(139%)(103%)
Net Profit($28M)($36M)($17M)($16M)($25M)
Net Margin(106%)(144%)(101%)(78%)(111%)
Net Debt-($4M)---

Financial data powered by Morningstar, Inc.

Calix Stock Performance

Calix has current market cap of $35M, and enterprise value of $30M.

Market Cap Evolution


Calix's stock price is $0.16.

Calix share price decreased by 2.4% in the last 30 days, and by 41.0% in the last year.

Calix has an EPS (earnings per share) of $-0.17.

See more trading valuation data for Calix
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$30M$35M12.2%-2.4%-34.4%-41.0%$-0.17

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.

Start Free Trial

Calix Valuation Multiples

Calix trades at 1.1x EV/Revenue multiple, and (3.8x) EV/EBITDA.

See NTM and 2027E valuation multiples for Calix

EV / Revenue (LTM)


Calix Financial Valuation Multiples

As of October 15, 2026, Calix has market cap of $35M and EV of $30M.

Calix has a P/E ratio of (1.2x).

LTMLast FY202320242025202620272028
EV/Revenue1.1x1.2x1.7x1.5x1.3x
EV/EBITDA(3.8x)(1.0x)(2.2x)(2.6x)(1.5x)
EV/EBIT(2.3x)(1.7x)(1.2x)(1.1x)(1.3x)
EV/Gross Profit2.9x3.1x3.9x3.3x3.5x
P/E(1.2x)(1.0x)(2.0x)(2.2x)(1.4x)
EV/FCF-(2.1x)(1.3x)(1.2x)(1.4x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Calix Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

FactSetMorningstar
Start Free Trial

Calix Margins & Growth Rates

Calix grew revenue by 20% but EBITDA decreased by 89% in the last fiscal year.

In the most recent fiscal year, Calix reported gross margin of 39%, EBITDA margin of (126%), and net margin of (144%).

See estimated margins and future growth rates for Calix

Calix Margins

Last FY202420252026202720282029
Gross Margin39%45%38%38%
EBITDA Margin(126%)(56%)(90%)(64%)
EBIT Margin(69%)(139%)(103%)(48%)
Net Margin(144%)(78%)(111%)(82%)
FCF Margin(57%)(127%)(95%)(53%)

Calix Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth20%19%11%20%
Gross Profit Growth18%19%(7%)22%
EBITDA Growth(89%)(15%)79%(15%)
EBIT Growth(48%)9%(18%)(44%)
Net Profit Growth(75%)(8%)58%(11%)
FCF Growth-15%(18%)(32%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Calix Operational KPIs

Calix's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.3M for the same period.

Calix's Rule of 40 is (44%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Calix's Rule of X is (14%) (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Calix
LTMLast FY202320242025202620272028
Rule of 40(13%)(44%)---
Bessemer Rule of X12%(14%)---
Revenue per Employee-$0.2M---
Opex per Employee-$0.3M---
S&M Expenses to Revenue27%28%42%37%33%
G&A Expenses to Revenue-24%37%37%31%
R&D Expenses to Revenue25%32%75%69%46%
Opex to Revenue-108%197%184%141%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Stem$156M$7M2.1x2.2x49.0x24.2x
Energy Solar Tech$5M$507K9.0x-84.5x-
Capsol Technologies$7M($6M)5.1x5.2x(6.7x)(7.1x)
Clean Teq Water$14M($744K)2.4x-(44.7x)-
Enapter$25M($22M)2.8x2.2x(3.2x)(5.2x)
Eco Wave Power Global$38K($4M)745.4x205.1x(7.7x)(6.7x)
Blue Biofuels-($3M)--(13.0x)-
PN Smart Energy$63M($1M)0.6x-(32.3x)-

This data is available for Pro users. Sign up to see all Calix competitors and their valuation data.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

About Calix

When was Calix founded?Calix was founded in 2005.
Where is Calix headquartered?Calix is headquartered in Australia.
How many employees does Calix have?As of today, Calix has over 100 employees.
Is Calix publicly listed?Yes, Calix is a public company listed on Australian Securities Exchange.
What is the stock symbol of Calix?Calix trades under CXL ticker.
When did Calix go public?Calix went public in 2018.
Who are competitors of Calix?Calix main competitors include Stem, Energy Solar Tech, Capsol Technologies, Clean Teq Water, Enapter, Eco Wave Power Global, Blue Biofuels, PN Smart Energy, MINT, NAP.
What is the current market cap of Calix?Calix's current market cap is $35M.
What is the current revenue of Calix?Calix's last 12 months revenue is $27M.
What is the current revenue growth of Calix?Calix revenue growth (NTM/LTM) is 17%.
What is the current EV/Revenue multiple of Calix?Current revenue multiple of Calix is 1.1x.
Is Calix profitable?No, Calix is not profitable.
What is the current EBITDA of Calix?Calix has negative EBITDA and is not profitable.
What is Calix's EBITDA margin?Calix's last 12 months EBITDA margin is (29%).
What is the current EV/EBITDA multiple of Calix?Current EBITDA multiple of Calix is (3.8x).
How many companies Calix has acquired to date?Calix hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Calix has invested to date?Calix hasn't invested in any companies yet (or none have been disclosed publicly).

See public comps similar to Calix

Lists including Calix

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial