CALX vs ERIC vs ATEN Stock Comparison

Calix, Ericsson Lm Telephone and A10 Networks Prices as of Oct 26, 2026 Peers: Industry group
CALX Calix, Inc
$37.69 +13.7% 1M -38.5% 1Y
Market cap
$2.43B
P/E
47.5x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
2 wins
ERIC Ericsson Lm Telephone Co
$10.89 +14.3% 1M +15.2% 1Y
Market cap
$36.91B
P/E
18.1x
Revenue (TTM)
$24.56B
Div. yield
-0.03%
Networking Equipment Technology
5 wins
ATEN A10 Networks, Inc.
$25.79 +0.2% 1M +43.0% 1Y
Market cap
$1.95B
P/E
45.3x
Revenue (TTM)
$310.17M
Div. yield
–
Networking Equipment Technology
4 wins

Head to Head

11 decided of 12

Ericsson Lm Telephone leads on 5 of the 12 questions below (Ericsson Lm Telephone 5, A10 Networks 4, Calix 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCALXERICATENLeader
Larger companyMarket capitalisation $2.43B $36.91B $1.95B ERIC
Cheaper on earningsLower P/E, profitable companies only 47.5x 18.1x 45.3x ERIC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.3x 16.8x 25.8x ERIC
Faster revenue growthRevenue growth, trailing twelve months +27.8% -38.5% +12.2% CALX
More profitableNet margin, trailing twelve months 4.6% 8.3% 13.9% ATEN
Better return on capitalReturn on invested capital — 20.0% 8.9% ERIC
Less leveragedLower net debt / EBITDA — -0.6x -2.1x ATEN
Higher dividend yieldTrailing dividend yield 0.00% -0.03% 0.00% –
Better 1-year returnPrice return, last 12 months -38.5% +15.2% +43.0% ATEN
Better 5-year returnAnnualised price return, 5 years -8.5%/yr -0.2%/yr +13.7%/yr ATEN
Less volatileAnnualised volatility, 1 year 41.6% 36.5% 39.7% ERIC
Higher overall scoreMean of the five percentile scores vs peers 76/100 59/100 51/100 CALX

Percentile Scorecard

CALXERICATEN

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

AxisCALXERICATEN
Valuation 59 #46 of 111 88 #14 of 111 46 #61 of 111
Growth 81 #21 of 108 46 #59 of 108 30 #76 of 108
Profitability 65 #37 of 104 86 #15 of 104 85 #16 of 104
Financial Health 75 #29 of 115 40 #70 of 115 32 #79 of 115
Shareholder Returns 98 #3 of 81 38 #51 of 81 64 #30 of 81
Overall 76 59 51
  • CALX ranked among 121 companies in Computer Hardware
  • ERIC ranked among 121 companies in Computer Hardware
  • ATEN ranked among 121 companies in Computer Hardware

Price Performance

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

Returns

PeriodCALXERICATENSPY
1 month +13.7%+14.3%+0.2% -0.8%
3 months +2.2%+12.6%-23.0% +3.5%
6 months -11.6%-1.5%-6.9% +7.0%
Year to date -28.8%+12.8%+45.8% +12.2%
1 year -38.5%+15.2%+43.0% +13.0%
3 years +15.2%+149.8%+138.8% +86.3%
3 years, per year +4.8%+35.7%+33.7% +23.1%
5 years -35.9%-1.0%+89.9% +68.6%
5 years, per year -8.5%-0.2%+13.7% +11.0%
10 years +493.5%+116.1%+184.0% +258.0%
10 years, per year +19.5%+8.0%+11.0% +13.6%

Risk

MeasureCALXERICATENSPY
Volatility, 1Y 41.6%36.5%39.7% 12.7%
Downside volatility, 1Y 44.0%36.7%42.9% 12.7%
Beta vs S&P 500, 1Y 0.881.031.07 1.00
Return / volatility, 1Y -0.920.421.08 1.02
Max drawdown, 5Y -65.3%-65.8%-44.6% -25.4%
From 52-week high -44.9%-20.7%-32.4% -1.8%
52-week high $68.42$13.74$38.14 $779.14
52-week low $33.15$9.15$16.55 $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.

MultipleCALXERICATEN
P/E now vs peer median 46.8xmedian 32.0x 17.8xmedian 32.0x 43.3xmedian 32.0x
P/S now vs peer median 2.1xmedian 2.8x 1.5xmedian 2.8x 6.0xmedian 2.8x
EV/EBITDA now vs peer median 27.5xmedian 19.4x 9.1xmedian 19.4x 26.1xmedian 19.4x
P/FCF now vs peer median 27.8xmedian 29.0x 9.8xmedian 29.0x 30.7xmedian 29.0x
P/B now vs peer median 3.3xmedian 2.9x 3.3xmedian 2.9x 7.9xmedian 2.9x
PEG now vs peer median 6.61median 1.13 0.41median 1.13 -20.16median 1.13

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 monthsCALXERICATEN
Revenue $1.11B $24.56B $310.17M
Gross profit $628.73M $11.51B $246.21M
Operating income $61.25M $2.90B $50.08M
Net income $51.19M $2.04B $42.97M
Free cash flow $85.42M $3.76B $60.94M
R&D $207.99M $5.22B $77.12M
EPS (diluted) $0.78 $0.61 $0.57
Cash & equivalents $68.91M $5.11B $54.70M
Total debt – $3.73B $219.52M
Shares (diluted) 65.51M 3.34B 75.65M
Enterprise value $1.27B $14.53B $470.31M

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
MetricCALXERICATEN
P/E 46.8x 17.8x 43.3x
P/FCF 27.8x 9.8x 30.7x
P/Operating cash flow 21.7x 10.7x 24.3x
P/S 2.1x 1.5x 6.0x
P/B 3.3x 3.3x 7.9x
P/Tangible book 3.3x 3.3x 8.4x
EV/EBITDA 27.5x 9.1x 26.1x
EV/EBIT 35.6x 11.9x 34.6x
EV/Revenue 2.0x 1.4x 5.6x
EV/FCF 25.5x 9.2x 28.4x
EV/Operating cash flow 19.9x 10.0x 22.5x
PEG (3Y EPS CAGR) 6.61 0.41 -20.16

Growth

14 metrics
MetricCALXERICATEN
Revenue growth (1Y) 27.8% -38.5% 12.2%
Revenue CAGR (3Y) 3.9% -2.0% 4.3%
Gross profit growth (1Y) 30.3% 3.7% 11.7%
Gross profit CAGR (3Y) 7.4% 4.0% 4.0%
Operating income growth (1Y) 273.3% -18.4% 4.5%
Operating income CAGR (3Y) 3.8% 55.0% -0.2%
Net income growth (1Y) 290.5% -18.7% -15.8%
Net income CAGR (3Y) 4.9% 43.4% -2.1%
EPS growth (1Y) 287.6% -17.7% -18.6%
EPS CAGR (3Y) 7.1% 43.1% -2.1%
Operating cash flow growth (1Y) 24.5% 4.3% -9.8%
Operating cash flow CAGR (3Y) 41.8% 44.0% 8.6%
Free cash flow growth (1Y) 19.4% 6.1% -13.7%
Free cash flow CAGR (3Y) 62.0% 34.7% 7.4%

Profitability

14 metrics
MetricCALXERICATEN
Gross margin 56.6% 46.8% 79.4%
EBITDA margin 7.1% 15.4% 21.4%
Operating margin 5.5% 11.8% 16.1%
Pretax margin 6.5% 11.2% 17.5%
Net margin 4.6% 8.3% 13.9%
FCF margin 7.7% 15.3% 19.6%
Operating cash flow margin 9.9% 14.0% 24.8%
Return on equity 7.1% 18.7% 18.7%
Return on assets 5.4% 6.8% 6.5%
Return on invested capital – 20.0% 8.9%
Return on capital employed 8.2% 17.8% 17.8%
Asset turnover 1.2x 0.8x 0.5x
Cash conversion (OCF / net income) 2.1x 1.7x 1.8x
Stock comp / revenue 7.2% – 7.5%

Financial Health

11 metrics
MetricCALXERICATEN
Debt / assets – 12.4% 32.4%
Debt / equity – 0.3x 0.9x
Net debt / EBITDA – -0.6x -2.1x
Debt / FCF – 1.0x 3.6x
Liabilities / assets 25.6% 63.1% 64.9%
Equity / assets 74.4% 36.9% 35.1%
Interest coverage – – –
Current ratio 2.8x 1.2x 1.3x
Quick ratio 1.6x 0.8x 1.1x
Cash ratio 0.9x 0.4x 1.0x
Altman Z-score 7.18 – 3.49

Shareholder Returns

7 metrics
MetricCALXERICATEN
Dividend yield – 2.8% 0.9%
Net buyback yield 8.1% -2.2% 1.1%
Shareholder yield 8.1% 0.6% 2.1%
Payout ratio (earnings) – 50.9% –
Payout ratio (FCF) – 27.7% –
Dividend growth (1Y) – -13.4% –
Dividend CAGR (3Y) – -7.7% –

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.

ConsensusCALXERICATEN
Forward P/E 23.3xFY2026 16.8xFY2026 25.8xFY2026
EPS, next fiscal year $1.62FY2026 $0.65FY2026 $1.00FY2026
EPS growth, next FY +20.9%FY2026 -30.9%FY2026 +11.1%FY2026
EPS growth, the year after +48.1% -3.1% +13.0%
Revenue, next fiscal year $1.11BFY2026 $24.16BFY2026 $342.96MFY2026
Revenue growth, next FY +11.0%FY2026 -8.1%FY2026 +18.0%FY2026
Revenue growth, the year after +18.8% +1.0% +3.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXERICATEN
Held by institutions 94.5% 9.5% 100.0%
Institutions holding 288 388 310
Change in shares held, QoQ +0.5% +0.4% +5.8%
Institutions buying 148 219 170
Institutions selling 111 110 99
Buyers to sellers 1.33 1.99 1.72

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.

CALXERICATEN
CALX 1.00 0.26 0.20
ERIC 0.26 1.00 0.07
ATEN 0.20 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, ERIC and ATEN?

Ericsson Lm Telephone (ERIC) is the largest by market capitalisation: Calix (CALX) $2.43B, Ericsson Lm Telephone (ERIC) $36.91B, A10 Networks (ATEN) $1.95B.

Which stock is cheaper, CALX, ERIC and ATEN?

Ericsson Lm Telephone (ERIC) trades on the lowest price-to-earnings ratio (Calix (CALX) 47.5x, Ericsson Lm Telephone (ERIC) 18.1x, A10 Networks (ATEN) 45.3x). On next year's consensus earnings, Ericsson Lm Telephone (ERIC) is cheapest (Calix (CALX) 23.3x, Ericsson Lm Telephone (ERIC) 16.8x, A10 Networks (ATEN) 25.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Calix (CALX) grew revenue fastest over the trailing twelve months: Calix (CALX) +27.8%, Ericsson Lm Telephone (ERIC) -38.5%, A10 Networks (ATEN) +12.2%.

Which company is more profitable?

A10 Networks (ATEN) has the highest net margin (Calix (CALX) 4.6%, Ericsson Lm Telephone (ERIC) 8.3%, A10 Networks (ATEN) 13.9%). On return on invested capital, Ericsson Lm Telephone (ERIC) leads (Ericsson Lm Telephone (ERIC) 20.0%, A10 Networks (ATEN) 8.9%).

Which stock has performed better?

Over the past year A10 Networks (ATEN) returned the most: Calix (CALX) -38.5%, Ericsson Lm Telephone (ERIC) +15.2%, A10 Networks (ATEN) +43.0%. Over five years, A10 Networks (ATEN) compounded fastest (Calix (CALX) -8.5%/yr, Ericsson Lm Telephone (ERIC) -0.2%/yr, A10 Networks (ATEN) +13.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ericsson Lm Telephone (ERIC) has been the steadiest (Calix (CALX) 41.6%, Ericsson Lm Telephone (ERIC) 36.5%, A10 Networks (ATEN) 39.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CALX, ERIC and ATEN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ericsson Lm Telephone (ERIC) leads on 5. 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.