CALX vs EXTR vs XNET Stock Comparison

Calix, Extreme Networks and Xunlei Prices as of Nov 3, 2026 Peers: Industry group
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CALX Calix, Inc
$33.26 -4.4% 1M -50.5% 1Y
Market cap
$2.06B
P/E
45.6x
Revenue (TTM)
$1.15B
Div. yield
–
Networking Equipment Technology
3 wins
EXTR Extreme Networks Inc
$22.81 -1.3% 1M +21.5% 1Y
Market cap
$3.02B
P/E
57.2x
Revenue (TTM)
$1.31B
Div. yield
–
Networking Equipment Technology
5 wins
XNET Xunlei Ltd
$3.41 -27.6% 1M -60.8% 1Y
Market cap
$214.34M
P/E
–
Revenue (TTM)
$424.54M
Div. yield
–
Content Delivery Networks Technology
1 win

Head to Head

9 decided of 12

Extreme Networks leads on 5 of the 12 questions below (Extreme Networks 5, Calix 3, Xunlei 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCALXEXTRXNETLeader
Larger companyMarket capitalisation $2.06B $3.02B $214.34M EXTR
Cheaper on earningsLower P/E, profitable companies only 45.6x 57.2x -3.0x CALX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.5x 16.5x — EXTR
Faster revenue growthRevenue growth, trailing twelve months +22.9% +11.3% +40.4% XNET
More profitableNet margin, trailing twelve months 4.0% 4.0% -16.9% EXTR
Better return on capitalReturn on invested capital — 23.5% — –
Less leveragedLower net debt / EBITDA — -0.4x — –
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -50.5% +21.5% -60.8% EXTR
Better 5-year returnAnnualised price return, 5 years -14.1%/yr +14.7%/yr +3.2%/yr EXTR
Less volatileAnnualised volatility, 1 year 41.5% 53.2% 53.0% CALX
Higher overall scoreMean of the five percentile scores vs peers 73/100 58/100 64/100 CALX

Percentile Scorecard

CALXEXTRXNET

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

AxisCALXEXTRXNET
Valuation 59 #47 of 112 51 #56 of 112 –
Growth 71 #32 of 108 49 #56 of 108 43 #21 of 36
Profitability 60 #42 of 104 76 #26 of 104 64 #13 of 34
Financial Health 75 #30 of 116 23 #90 of 116 87 #6 of 38
Shareholder Returns 100 #1 of 85 91 #9 of 85 –
Overall 73 58 64
  • CALX ranked among 121 companies in Computer Hardware
  • EXTR ranked among 121 companies in Computer Hardware
  • XNET ranked among 39 companies in Cloud Computing

Price Performance

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

Returns

PeriodCALXEXTRXNETSPY
1 month -4.4%-1.3%-27.6% -2.0%
3 months -15.8%-29.5%-36.3% -2.2%
6 months -27.4%-3.8%-44.2% +4.2%
Year to date -37.2%+37.0%-51.9% +10.6%
1 year -50.5%+21.5%-60.8% +10.4%
3 years -6.5%+35.8%+127.3% +73.6%
3 years, per year -2.2%+10.7%+31.5% +20.2%
5 years -53.2%+98.3%+16.8% +61.6%
5 years, per year -14.1%+14.7%+3.2% +10.1%
10 years +403.9%+432.9%-28.8% +261.3%
10 years, per year +17.6%+18.2%-3.3% +13.7%

Risk

MeasureCALXEXTRXNETSPY
Volatility, 1Y 41.5%53.2%53.0% 12.8%
Downside volatility, 1Y 45.3%51.5%58.1% 12.8%
Beta vs S&P 500, 1Y 0.961.621.76 1.00
Return / volatility, 1Y -1.220.40-1.15 0.81
Max drawdown, 5Y -65.3%-67.2%-68.7% -25.4%
From 52-week high -50.5%-32.3%-60.8% -3.2%
52-week high $67.24$33.71$8.71 $779.14
52-week low $33.15$13.74$3.41 $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.

MultipleCALXEXTRXNET
P/E now vs peer median 45.6xmedian 30.7x 57.2xmedian 30.7x -3.0xmedian 27.1x
P/S now vs peer median 1.8xmedian 2.6x 2.3xmedian 2.6x 0.5xmedian 4.1x
EV/EBITDA now vs peer median 24.4xmedian 18.9x 29.6xmedian 18.9x —median 21.7x
P/FCF now vs peer median 33.1xmedian 28.0x 19.5xmedian 28.0x —median 16.1x
P/B now vs peer median 2.9xmedian 2.8x 34.3xmedian 2.8x —median 3.4x
PEG now vs peer median 42.89median 1.07 -3.18median 1.07 0.03median 0.37

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 monthsCALXEXTRXNET
Revenue $1.15B $1.31B $424.54M
Gross profit $637.49M $813.05M $230.55M
Operating income $60.39M $74.49M $5.67M
Net income $45.75M $52.49M $146.48M
Free cash flow $62.16M $154.76M –
R&D $215.00M $233.95M $82.00M
EPS (diluted) $0.71 $0.39 $-1.13
Cash & equivalents $55.89M $244.52M $125.83M
Total debt – $200.00M $56.53M
Shares (diluted) 64.45M 134.68M 63.29M
Enterprise value $1.08B $2.13B -$669.91M

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
MetricCALXEXTRXNET
P/E 45.6x 57.2x -3.0x
P/FCF 33.1x 19.5x –
P/Operating cash flow 24.6x 16.5x –
P/S 1.8x 2.3x 0.5x
P/B 2.9x 34.3x –
P/Tangible book 2.9x 35.3x –
EV/EBITDA 24.4x 29.6x –
EV/EBIT 31.5x 39.9x -1.1x
EV/Revenue 1.7x 2.3x 0.0x
EV/FCF 30.6x 19.2x –
EV/Operating cash flow 22.8x 16.3x –
PEG (3Y EPS CAGR) 42.89 -3.18 0.03

Growth

14 metrics
MetricCALXEXTRXNET
Revenue growth (1Y) 22.9% 11.3% 40.4%
Revenue CAGR (3Y) 4.0% -1.3% 3.0%
Gross profit growth (1Y) 21.6% 11.7% 35.5%
Gross profit CAGR (3Y) 6.4% 0.5% 13.4%
Operating income growth (1Y) 958.5% 126.0% 126.5%
Operating income CAGR (3Y) 6.0% -16.3% -7.0%
Net income growth (1Y) 730.9% 506.9% -79.7%
Net income CAGR (3Y) -1.5% -17.7% 108.8%
EPS growth (1Y) 783.2% 508.7% -110.0%
EPS CAGR (3Y) 1.1% -18.0% -88.7%
Operating cash flow growth (1Y) -19.9% 52.9% –
Operating cash flow CAGR (3Y) 20.7% -12.8% –
Free cash flow growth (1Y) -27.3% 63.2% –
Free cash flow CAGR (3Y) 29.3% -15.9% –

Profitability

14 metrics
MetricCALXEXTRXNET
Gross margin 55.6% 61.9% 54.3%
EBITDA margin 6.8% 7.6% –
Operating margin 5.3% 5.7% 1.3%
Pretax margin 6.1% 4.7% -20.6%
Net margin 4.0% 4.0% -16.9%
FCF margin 5.4% 11.8% –
Operating cash flow margin 7.3% 13.9% –
Return on equity 6.5% 59.4% –
Return on assets 4.9% 4.2% 11.3%
Return on invested capital – 23.5% –
Return on capital employed 8.0% 12.8% 0.5%
Asset turnover 1.2x 1.1x 0.3x
Cash conversion (OCF / net income) 1.8x 3.5x –
Stock comp / revenue 7.0% 6.7% –

Financial Health

11 metrics
MetricCALXEXTRXNET
Debt / assets – 15.4% 4.8%
Debt / equity – 2.3x –
Net debt / EBITDA – -0.4x –
Debt / FCF – 1.3x –
Liabilities / assets 24.1% 93.2% 16.9%
Equity / assets 75.9% 6.8% –
Interest coverage – 4.9x 2.8x
Current ratio 3.0x 1.0x 2.0x
Quick ratio 1.5x 0.6x 1.9x
Cash ratio 0.8x 0.4x 1.7x
Altman Z-score 7.03 1.74 1.79

Shareholder Returns

7 metrics
MetricCALXEXTRXNET
Dividend yield – – –
Net buyback yield 12.0% 3.3% –
Shareholder yield 12.0% 3.3% –
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.

ConsensusCALXEXTRXNET
Forward P/E 20.5xFY2026 16.5xFY2027 –
EPS, next fiscal year $1.62FY2026 $1.38FY2027 –
EPS growth, next FY +20.9%FY2026 +30.2%FY2027 –
EPS growth, the year after +48.1% +2.9% –
Revenue, next fiscal year $1.11BFY2026 $1.34BFY2027 –
Revenue growth, next FY +11.0%FY2026 +4.5%FY2027 –
Revenue growth, the year after +18.8% +21.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXEXTRXNET
Held by institutions 94.5% 96.7% 11.0%
Institutions holding 290 338 52
Change in shares held, QoQ +0.5% +1.2% -8.7%
Institutions buying 148 181 35
Institutions selling 111 121 14
Buyers to sellers 1.33 1.50 2.50

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.

CALXEXTRXNET
CALX 1.00 0.30 0.12
EXTR 0.30 1.00 0.13
XNET 0.12 0.13 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, EXTR and XNET?

Extreme Networks (EXTR) is the largest by market capitalisation: Calix (CALX) $2.06B, Extreme Networks (EXTR) $3.02B, Xunlei (XNET) $214.34M.

Which stock is cheaper, CALX, EXTR and XNET?

Calix (CALX) trades on the lowest price-to-earnings ratio (Calix (CALX) 45.6x, Extreme Networks (EXTR) 57.2x, Xunlei (XNET) -3.0x). On next year's consensus earnings, Extreme Networks (EXTR) is cheapest (Calix (CALX) 20.5x, Extreme Networks (EXTR) 16.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Xunlei (XNET) grew revenue fastest over the trailing twelve months: Calix (CALX) +22.9%, Extreme Networks (EXTR) +11.3%, Xunlei (XNET) +40.4%.

Which company is more profitable?

Extreme Networks (EXTR) has the highest net margin (Calix (CALX) 4.0%, Extreme Networks (EXTR) 4.0%, Xunlei (XNET) -16.9%).

Which stock has performed better?

Over the past year Extreme Networks (EXTR) returned the most: Calix (CALX) -50.5%, Extreme Networks (EXTR) +21.5%, Xunlei (XNET) -60.8%. Over five years, Extreme Networks (EXTR) compounded fastest (Calix (CALX) -14.1%/yr, Extreme Networks (EXTR) +14.7%/yr, Xunlei (XNET) +3.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Calix (CALX) has been the steadiest (Calix (CALX) 41.5%, Extreme Networks (EXTR) 53.2%, Xunlei (XNET) 53.0%). Volatility measures how widely the price swings, not the risk of the business.

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

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.