CALX vs CSCO vs NBIS Stock Comparison

Calix, Cisco Systems and Nebius Prices as of Oct 28, 2026 Peers: Industry group
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CALX Calix, Inc
$38.13 +14.9% 1M -38.3% 1Y
Market cap
$2.41B
P/E
47.0x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
1 win
CSCO Cisco Systems, Inc.
$110.29 +3.3% 1M +51.9% 1Y
Market cap
$432.73B
P/E
32.6x
Revenue (TTM)
$63.33B
Div. yield
–
Networking Equipment Technology
8 wins
NBIS Nebius Group N.V.
$182.34 -21.4% 1M +49.7% 1Y
Market cap
$42.43B
P/E
47.4x
Revenue (TTM)
$1.36B
Div. yield
–
Cloud Platforms Technology
2 wins

Head to Head

11 decided of 12

Cisco Systems leads on 8 of the 12 questions below (Cisco Systems 8, Nebius 2, Calix 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCALXCSCONBISLeader
Larger companyMarket capitalisation $2.41B $432.73B $42.43B CSCO
Cheaper on earningsLower P/E, profitable companies only 47.0x 32.6x 47.4x CSCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 23.3x — CSCO
Faster revenue growthRevenue growth, trailing twelve months +27.8% +11.8% +506.9% NBIS
More profitableNet margin, trailing twelve months 4.6% 21.0% 66.1% NBIS
Better return on capitalReturn on invested capital — 15.9% -3.3% CSCO
Less leveragedLower net debt / EBITDA — 0.8x 3.0x CSCO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -38.3% +51.9% +49.7% CSCO
Better 5-year returnAnnualised price return, 5 years -9.4%/yr +14.5%/yr — CSCO
Less volatileAnnualised volatility, 1 year 41.6% 35.5% 107.5% CSCO
Higher overall scoreMean of the five percentile scores vs peers 76/100 55/100 65/100 CALX

Percentile Scorecard

CALXCSCONBIS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCALXCSCONBIS
Valuation 59 #46 of 111 33 #75 of 111 78 #9 of 38
Growth 82 #20 of 108 40 #65 of 108 31 #25 of 36
Profitability 64 #38 of 104 88 #13 of 104 76 #9 of 34
Financial Health 75 #29 of 115 31 #80 of 115 76 #10 of 38
Shareholder Returns 97 #3 of 78 82 #15 of 78 –
Overall 76 55 65
  • CALX ranked among 121 companies in Computer Hardware
  • CSCO ranked among 121 companies in Computer Hardware
  • NBIS ranked among 39 companies in Cloud Computing

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCALXCSCONBISSPY
1 month +14.9%+3.3%-21.4% +0.9%
3 months +7.2%-1.9%+23.0% +5.9%
6 months -8.5%+23.1%+29.1% +8.5%
Year to date -28.0%+43.2%+117.8% +13.3%
1 year -38.3%+51.9%+49.7% +12.4%
3 years +16.6%+113.9%— +88.1%
3 years, per year +5.2%+28.9%— +23.5%
5 years -39.1%+97.1%— +68.2%
5 years, per year -9.4%+14.5%— +11.0%
10 years +495.8%+260.5%— +263.4%
10 years, per year +19.5%+13.7%— +13.8%

Risk

MeasureCALXCSCONBISSPY
Volatility, 1Y 41.6%35.5%107.5% 12.7%
Downside volatility, 1Y 43.8%37.1%98.7% 12.7%
Beta vs S&P 500, 1Y 0.881.103.83 1.00
Return / volatility, 1Y -0.921.460.46 0.98
Max drawdown, 5Y -65.3%-38.6%-58.3% -25.4%
From 52-week high -44.3%-15.2%-36.4% -0.9%
52-week high $68.42$130.00$286.69 $779.14
52-week low $33.15$71.04$73.87 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCALXCSCONBIS
P/E now vs peer median 47.3xmedian 33.5x 32.9xmedian 33.5x 49.4xmedian 27.6x
P/S now vs peer median 2.2xmedian 2.8x 6.9xmedian 2.8x 34.0xmedian 4.8x
EV/EBITDA now vs peer median 27.9xmedian 19.6x 25.1xmedian 19.6x 275.0xmedian 24.1x
P/FCF now vs peer median 28.1xmedian 29.8x 34.1xmedian 29.8x 2.8xmedian 15.0x
P/B now vs peer median 3.4xmedian 2.9x 8.7xmedian 2.9x 4.5xmedian 4.4x
PEG now vs peer median 6.69median 1.10 12.20median 1.10 -0.70median 0.38

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCALXCSCONBIS
Revenue $1.11B $63.33B $1.36B
Gross profit $628.73M $40.86B $1.01B
Operating income $61.25M $15.37B -$668.60M
Net income $51.19M $13.27B $61.60M
Free cash flow $85.42M $12.77B $16.40B
R&D $207.99M $9.56B $356.40M
EPS (diluted) $0.78 $3.33 $3.17
Cash & equivalents $68.91M $7.22B $8.04B
Total debt – $29.53B $25.23B
Shares (diluted) 65.51M 3.99B 282.72M
Enterprise value $1.24B $368.66B $15.87B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCALXCSCONBIS
P/E 47.3x 32.9x 49.4x
P/FCF 28.1x 34.1x 2.8x
P/Operating cash flow 21.9x 30.7x 8.8x
P/S 2.2x 6.9x 34.0x
P/B 3.4x 8.7x 4.5x
P/Tangible book 3.4x 10.2x 4.5x
EV/EBITDA 27.9x 25.1x 275.0x
EV/EBIT 36.0x 29.2x -69.8x
EV/Revenue 2.0x 7.1x 34.4x
EV/FCF 25.8x 35.2x 2.8x
EV/Operating cash flow 20.1x 31.7x 8.9x
PEG (3Y EPS CAGR) 6.69 12.20 -0.70

Growth

14 metrics
MetricCALXCSCONBIS
Revenue growth (1Y) 27.8% 11.8% 506.9%
Revenue CAGR (3Y) 3.9% 3.6% -83.4%
Gross profit growth (1Y) 30.3% 11.1% 631.9%
Gross profit CAGR (3Y) 7.4% 4.6% -81.7%
Operating income growth (1Y) 273.3% 30.7% -49.0%
Operating income CAGR (3Y) 3.8% 0.7% -26.7%
Net income growth (1Y) 290.5% 30.3% -73.4%
Net income CAGR (3Y) 4.9% 1.7% -90.6%
EPS growth (1Y) 287.6% 30.7% 318.1%
EPS CAGR (3Y) 7.1% 2.7% -70.8%
Operating cash flow growth (1Y) 24.5% -0.1% 1,193%
Operating cash flow CAGR (3Y) 41.8% -10.7% -55.8%
Free cash flow growth (1Y) 19.4% -3.9% 1,310%
Free cash flow CAGR (3Y) 62.0% -12.5% -47.1%

Profitability

14 metrics
MetricCALXCSCONBIS
Gross margin 56.6% 64.5% 74.3%
EBITDA margin 7.1% 28.3% 12.5%
Operating margin 5.5% 24.3% -49.3%
Pretax margin 6.5% 25.3% 5.3%
Net margin 4.6% 21.0% 66.1%
FCF margin 7.7% 20.2% 1,210%
Operating cash flow margin 9.9% 22.4% 388.0%
Return on equity 7.1% 26.8% 0.7%
Return on assets 5.4% 10.4% 0.2%
Return on invested capital – 15.9% -3.3%
Return on capital employed 8.2% 17.9% -2.9%
Asset turnover 1.2x 0.5x 0.1x
Cash conversion (OCF / net income) 2.1x 1.1x 85.4x
Stock comp / revenue 7.2% 6.0% 13.9%

Financial Health

11 metrics
MetricCALXCSCONBIS
Debt / assets – 22.8% 30.6%
Debt / equity – 0.6x 0.8x
Net debt / EBITDA – 0.8x 3.0x
Debt / FCF – 2.3x 0.5x
Liabilities / assets 25.6% 61.2% 63.0%
Equity / assets 74.4% 38.8% 37.0%
Interest coverage – 10.5x -2.8x
Current ratio 2.8x 0.9x 4.0x
Quick ratio 1.6x 0.6x 3.5x
Cash ratio 0.9x 0.4x 3.4x
Altman Z-score 7.25 4.16 2.04

Shareholder Returns

7 metrics
MetricCALXCSCONBIS
Dividend yield – 1.5% –
Net buyback yield 8.0% 1.3% 6,164%
Shareholder yield 8.0% 2.8% 6,164%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCALXCSCONBIS
Forward P/E 23.5xFY2026 23.3xFY2027 –
EPS, next fiscal year $1.62FY2026 $4.74FY2027 $-1.82FY2026
EPS growth, next FY +20.9%FY2026 +9.5%FY2027 –
EPS growth, the year after +48.1% +20.7% –
Revenue, next fiscal year $1.11BFY2026 $74.93BFY2027 $3.25BFY2026
Revenue growth, next FY +11.0%FY2026 +18.3%FY2027 +514.3%FY2026
Revenue growth, the year after +18.8% +0.6% +246.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXCSCONBIS
Held by institutions 94.5% 80.1% –
Institutions holding 288 4,046 –
Change in shares held, QoQ +0.5% +5.0% –
Institutions buying 148 1,847 –
Institutions selling 111 1,817 –
Buyers to sellers 1.33 1.02 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CALXCSCONBIS
CALX 1.00 0.22 0.18
CSCO 0.22 1.00 0.26
NBIS 0.18 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, CSCO and NBIS?

Cisco Systems (CSCO) is the largest by market capitalisation: Calix (CALX) $2.41B, Cisco Systems (CSCO) $432.73B, Nebius (NBIS) $42.43B.

Which stock is cheaper, CALX, CSCO and NBIS?

Cisco Systems (CSCO) trades on the lowest price-to-earnings ratio (Calix (CALX) 47.0x, Cisco Systems (CSCO) 32.6x, Nebius (NBIS) 47.4x). On next year's consensus earnings, Cisco Systems (CSCO) is cheapest (Calix (CALX) 23.5x, Cisco Systems (CSCO) 23.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Nebius (NBIS) grew revenue fastest over the trailing twelve months: Calix (CALX) +27.8%, Cisco Systems (CSCO) +11.8%, Nebius (NBIS) +506.9%.

Which company is more profitable?

Nebius (NBIS) has the highest net margin (Calix (CALX) 4.6%, Cisco Systems (CSCO) 21.0%, Nebius (NBIS) 66.1%). On return on invested capital, Cisco Systems (CSCO) leads (Cisco Systems (CSCO) 15.9%, Nebius (NBIS) -3.3%).

Which stock has performed better?

Over the past year Cisco Systems (CSCO) returned the most: Calix (CALX) -38.3%, Cisco Systems (CSCO) +51.9%, Nebius (NBIS) +49.7%. Over five years, Cisco Systems (CSCO) compounded fastest (Calix (CALX) -9.4%/yr, Cisco Systems (CSCO) +14.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cisco Systems (CSCO) has been the steadiest (Calix (CALX) 41.6%, Cisco Systems (CSCO) 35.5%, Nebius (NBIS) 107.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CALX, CSCO and NBIS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cisco Systems (CSCO) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.