CALX vs EXTR vs SBGI Stock Comparison

Calix, Extreme Networks and Sinclair Prices as of Oct 27, 2026 Peers: Industry group
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CALX Calix, Inc
$38.33 +15.6% 1M -37.2% 1Y
Market cap
$2.41B
P/E
47.0x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
4 wins
EXTR Extreme Networks Inc
$23.85 +10.8% 1M +15.0% 1Y
Market cap
$3.20B
P/E
75.9x
Revenue (TTM)
$1.28B
Div. yield
–
Networking Equipment Technology
5 wins
SBGI Sinclair, Inc.
$12.08 -5.5% 1M -9.4% 1Y
Market cap
$881.76M
P/E
17.0x
Revenue (TTM)
$3.26B
Div. yield
0.08%
Television Broadcasting Communication Services
2 wins

Head to Head

11 decided of 12

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

QuestionCALXEXTRSBGILeader
Larger companyMarket capitalisation $2.41B $3.20B $881.76M EXTR
Cheaper on earningsLower P/E, profitable companies only 47.0x 75.9x 17.0x SBGI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.7x 17.3x 9.7x SBGI
Faster revenue growthRevenue growth, trailing twelve months +27.8% +12.6% -6.5% CALX
More profitableNet margin, trailing twelve months 4.6% 3.3% 1.6% CALX
Better return on capitalReturn on invested capital — 19.4% 4.7% EXTR
Less leveragedLower net debt / EBITDA — -0.6x 7.5x EXTR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.08% –
Better 1-year returnPrice return, last 12 months -37.2% +15.0% -9.4% EXTR
Better 5-year returnAnnualised price return, 5 years -8.8%/yr +19.1%/yr -14.6%/yr EXTR
Less volatileAnnualised volatility, 1 year 41.6% 55.6% 45.5% CALX
Higher overall scoreMean of the five percentile scores vs peers 76/100 52/100 45/100 CALX

Percentile Scorecard

CALXEXTRSBGI

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

AxisCALXEXTRSBGI
Valuation 60 #45 of 112 36 #72 of 112 69 #17 of 53
Growth 82 #20 of 109 42 #64 of 109 16 #37 of 44
Profitability 64 #38 of 104 69 #33 of 104 61 #17 of 42
Financial Health 76 #29 of 116 24 #89 of 116 33 #41 of 61
Shareholder Returns 98 #3 of 81 89 #10 of 81 44 #15 of 26
Overall 76 52 45
  • CALX ranked among 122 companies in Computer Hardware
  • EXTR ranked among 122 companies in Computer Hardware
  • SBGI ranked among 61 companies in Advertising and Media

Price Performance

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

Returns

PeriodCALXEXTRSBGISPY
1 month +15.6%+10.8%-5.5% -0.2%
3 months +3.3%-20.5%-14.4% +3.9%
6 months -8.8%+39.9%-23.1% +8.2%
Year to date -27.6%+43.2%-21.0% +12.9%
1 year -37.2%+15.0%-9.4% +12.3%
3 years +17.2%+16.1%+20.2% +87.4%
3 years, per year +5.4%+5.1%+6.3% +23.3%
5 years -36.9%+139.5%-54.6% +67.9%
5 years, per year -8.8%+19.1%-14.6% +10.9%
10 years +508.4%+470.6%-51.3% +261.1%
10 years, per year +19.8%+19.0%-6.9% +13.7%

Risk

MeasureCALXEXTRSBGISPY
Volatility, 1Y 41.6%55.6%45.5% 12.7%
Downside volatility, 1Y 44.0%56.6%42.0% 12.7%
Beta vs S&P 500, 1Y 0.881.560.29 1.00
Return / volatility, 1Y -0.890.27-0.21 0.97
Max drawdown, 5Y -65.3%-67.2%-67.8% -25.4%
From 52-week high -44.0%-29.2%-28.9% -1.2%
52-week high $68.42$33.71$17.00 $779.14
52-week low $33.15$13.74$11.97 $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.

MultipleCALXEXTRSBGI
P/E now vs peer median 47.6xmedian 33.2x 75.2xmedian 33.2x 16.8xmedian 18.4x
P/S now vs peer median 2.2xmedian 2.8x 2.4xmedian 2.8x 0.3xmedian 0.6x
EV/EBITDA now vs peer median 28.0xmedian 20.0x 35.8xmedian 20.0x 9.4xmedian 10.5x
P/FCF now vs peer median 28.3xmedian 29.8x 32.9xmedian 29.8x 9.2xmedian 9.0x
P/B now vs peer median 3.4xmedian 3.0x 35.3xmedian 3.0x 2.3xmedian 1.5x
PEG now vs peer median 6.72median 1.17 -3.99median 1.17 -0.47median 0.44

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 monthsCALXEXTRSBGI
Revenue $1.11B $1.28B $3.26B
Gross profit $628.73M $789.14M –
Operating income $61.25M $62.70M $215.00M
Net income $51.19M $42.12M $54.00M
Free cash flow $85.42M $95.24M $95.00M
R&D $207.99M $233.88M –
EPS (diluted) $0.78 $0.31 $0.72
Cash & equivalents $68.91M $211.76M $604.00M
Total debt – $163.72M $4.06B
Shares (diluted) 65.51M 134.97M 72.16M
Enterprise value $1.24B $2.35B -$1.96B

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
MetricCALXEXTRSBGI
P/E 47.6x 75.2x 16.8x
P/FCF 28.3x 32.9x 9.2x
P/Operating cash flow 22.0x 25.4x 5.1x
P/S 2.2x 2.4x 0.3x
P/B 3.4x 35.3x 2.3x
P/Tangible book 3.4x 36.6x 2.4x
EV/EBITDA 28.0x 35.8x 9.4x
EV/EBIT 36.2x 49.2x 20.1x
EV/Revenue 2.0x 2.4x 1.3x
EV/FCF 26.0x 32.4x 45.5x
EV/Operating cash flow 20.3x 25.0x 25.3x
PEG (3Y EPS CAGR) 6.72 -3.99 -0.47

Growth

14 metrics
MetricCALXEXTRSBGI
Revenue growth (1Y) 27.8% 12.6% -6.5%
Revenue CAGR (3Y) 3.9% -0.7% -0.9%
Gross profit growth (1Y) 30.3% 11.3% –
Gross profit CAGR (3Y) 7.4% 1.5% –
Operating income growth (1Y) 273.3% 269.9% -55.2%
Operating income CAGR (3Y) 3.8% -16.7% -20.3%
Net income growth (1Y) 290.5% 664.1% -1.8%
Net income CAGR (3Y) 4.9% -18.6% -34.8%
EPS growth (1Y) 287.6% 653.0% 0.3%
EPS CAGR (3Y) 7.1% -18.9% -35.5%
Operating cash flow growth (1Y) 24.5% -19.0% -68.0%
Operating cash flow CAGR (3Y) 41.8% -20.9% -38.5%
Free cash flow growth (1Y) 19.4% -25.2% -79.4%
Free cash flow CAGR (3Y) 62.0% -26.0% -46.9%

Profitability

14 metrics
MetricCALXEXTRSBGI
Gross margin 56.6% 61.5% –
EBITDA margin 7.1% 6.7% 14.2%
Operating margin 5.5% 4.9% 6.6%
Pretax margin 6.5% 4.0% 0.6%
Net margin 4.6% 3.3% 1.6%
FCF margin 7.7% 7.4% 2.9%
Operating cash flow margin 9.9% 9.6% 5.3%
Return on equity 7.1% 50.3% 15.8%
Return on assets 5.4% 3.6% 1.1%
Return on invested capital – 19.4% 4.7%
Return on capital employed 8.2% 10.8% 4.4%
Asset turnover 1.2x 1.1x 0.6x
Cash conversion (OCF / net income) 2.1x 2.9x 3.2x
Stock comp / revenue 7.2% 6.9% 1.6%

Financial Health

11 metrics
MetricCALXEXTRSBGI
Debt / assets – 13.9% 74.1%
Debt / equity – 1.8x 10.7x
Net debt / EBITDA – -0.6x 7.5x
Debt / FCF – 1.7x 42.7x
Liabilities / assets 25.6% 92.5% 93.1%
Equity / assets 74.4% 7.5% 6.9%
Interest coverage – 4.5x 0.6x
Current ratio 2.8x 0.9x 1.9x
Quick ratio 1.6x 0.6x 1.8x
Cash ratio 0.9x 0.4x 0.8x
Altman Z-score 7.28 1.87 0.91

Shareholder Returns

7 metrics
MetricCALXEXTRSBGI
Dividend yield – – 8.3%
Net buyback yield 7.9% 2.8% –
Shareholder yield 7.9% 2.8% 8.3%
Payout ratio (earnings) – – 131.5%
Payout ratio (FCF) – – 74.7%
Dividend growth (1Y) – – 6.0%
Dividend CAGR (3Y) – – 1.4%

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.

ConsensusCALXEXTRSBGI
Forward P/E 23.7xFY2026 17.3xFY2027 9.7xFY2026
EPS, next fiscal year $1.62FY2026 $1.38FY2027 $1.24FY2026
EPS growth, next FY +20.9%FY2026 +30.2%FY2027 –
EPS growth, the year after +48.1% +2.9% -196.0%
Revenue, next fiscal year $1.11BFY2026 $1.34BFY2027 $3.73BFY2026
Revenue growth, next FY +11.0%FY2026 +4.5%FY2027 +17.8%FY2026
Revenue growth, the year after +18.8% +21.3% -17.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXEXTRSBGI
Held by institutions 94.5% 96.7% 44.4%
Institutions holding 288 338 178
Change in shares held, QoQ +0.5% +1.2% +6.0%
Institutions buying 148 181 113
Institutions selling 111 121 36
Buyers to sellers 1.33 1.50 3.14

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.

CALXEXTRSBGI
CALX 1.00 0.31 0.10
EXTR 0.31 1.00 -0.02
SBGI 0.10 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, EXTR and SBGI?

Extreme Networks (EXTR) is the largest by market capitalisation: Calix (CALX) $2.41B, Extreme Networks (EXTR) $3.20B, Sinclair (SBGI) $881.76M.

Which stock is cheaper, CALX, EXTR and SBGI?

Sinclair (SBGI) trades on the lowest price-to-earnings ratio (Calix (CALX) 47.0x, Extreme Networks (EXTR) 75.9x, Sinclair (SBGI) 17.0x). On next year's consensus earnings, Sinclair (SBGI) is cheapest (Calix (CALX) 23.7x, Extreme Networks (EXTR) 17.3x, Sinclair (SBGI) 9.7x). 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%, Extreme Networks (EXTR) +12.6%, Sinclair (SBGI) -6.5%.

Which company is more profitable?

Calix (CALX) has the highest net margin (Calix (CALX) 4.6%, Extreme Networks (EXTR) 3.3%, Sinclair (SBGI) 1.6%). On return on invested capital, Extreme Networks (EXTR) leads (Extreme Networks (EXTR) 19.4%, Sinclair (SBGI) 4.7%).

Which stock has performed better?

Over the past year Extreme Networks (EXTR) returned the most: Calix (CALX) -37.2%, Extreme Networks (EXTR) +15.0%, Sinclair (SBGI) -9.4%. Over five years, Extreme Networks (EXTR) compounded fastest (Calix (CALX) -8.8%/yr, Extreme Networks (EXTR) +19.1%/yr, Sinclair (SBGI) -14.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Calix (CALX) 0.00%, Extreme Networks (EXTR) 0.00%, Sinclair (SBGI) 0.08%. Calix (CALX) and Extreme Networks (EXTR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Calix (CALX) has been the steadiest (Calix (CALX) 41.6%, Extreme Networks (EXTR) 55.6%, Sinclair (SBGI) 45.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CALX, EXTR and SBGI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Extreme Networks (EXTR) 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.