CALX vs GTN vs CSCO Stock Comparison

Calix, Gray Media and Cisco Systems Prices as of Oct 27, 2026 Peers: Industry group
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
2 wins
GTN Gray Media, Inc
$4.30 -6.5% 1M -6.5% 1Y
Market cap
$417.97M
P/E
–
Revenue (TTM)
$3.15B
Div. yield
0.08%
Television Broadcasting Communication Services
1 win
CSCO Cisco Systems, Inc.
$111.38 +4.4% 1M +56.0% 1Y
Market cap
$435.42B
P/E
32.8x
Revenue (TTM)
$63.33B
Div. yield
–
Networking Equipment Technology
8 wins

Head to Head

11 decided of 12

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

QuestionCALXGTNCSCOLeader
Larger companyMarket capitalisation $2.41B $417.97M $435.42B CSCO
Cheaper on earningsLower P/E, profitable companies only 47.0x -7.2x 32.8x CSCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.7x 1.8x 23.5x GTN
Faster revenue growthRevenue growth, trailing twelve months +27.8% -11.3% +11.8% CALX
More profitableNet margin, trailing twelve months 4.6% -1.8% 21.0% CSCO
Better return on capitalReturn on invested capital — 2.3% 15.9% CSCO
Less leveragedLower net debt / EBITDA — 7.2x 0.8x CSCO
Higher dividend yieldTrailing dividend yield 0.00% 0.08% 0.00% –
Better 1-year returnPrice return, last 12 months -37.2% -6.5% +56.0% CSCO
Better 5-year returnAnnualised price return, 5 years -8.8%/yr -28.9%/yr +14.7%/yr CSCO
Less volatileAnnualised volatility, 1 year 41.6% 62.1% 35.5% CSCO
Higher overall scoreMean of the five percentile scores vs peers 76/100 51/100 54/100 CALX

Percentile Scorecard

CALXGTNCSCO

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

AxisCALXGTNCSCO
Valuation 60 #45 of 112 87 #8 of 53 32 #76 of 112
Growth 82 #20 of 109 9 #40 of 44 41 #65 of 109
Profitability 64 #38 of 104 49 #22 of 42 87 #14 of 104
Financial Health 76 #29 of 116 32 #42 of 61 30 #82 of 116
Shareholder Returns 98 #3 of 81 80 #6 of 26 79 #18 of 81
Overall 76 51 54
  • CALX ranked among 122 companies in Computer Hardware
  • GTN ranked among 61 companies in Advertising and Media
  • CSCO ranked among 122 companies in Computer Hardware

Price Performance

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

Returns

PeriodCALXGTNCSCOSPY
1 month +15.6%-6.5%+4.4% -0.2%
3 months +3.3%+2.4%-3.6% +3.9%
6 months -8.8%-25.3%+28.2% +8.2%
Year to date -27.6%-11.2%+44.6% +12.9%
1 year -37.2%-6.5%+56.0% +12.3%
3 years +17.2%-29.2%+116.0% +87.4%
3 years, per year +5.4%-10.9%+29.3% +23.3%
5 years -36.9%-81.8%+98.0% +67.9%
5 years, per year -8.8%-28.9%+14.7% +10.9%
10 years +508.4%-51.1%+266.6% +261.1%
10 years, per year +19.8%-6.9%+13.9% +13.7%

Risk

MeasureCALXGTNCSCOSPY
Volatility, 1Y 41.6%62.1%35.5% 12.7%
Downside volatility, 1Y 44.0%62.3%37.3% 12.7%
Beta vs S&P 500, 1Y 0.880.971.11 1.00
Return / volatility, 1Y -0.89-0.101.58 0.97
Max drawdown, 5Y -65.3%-88.2%-38.6% -25.4%
From 52-week high -44.0%-30.6%-14.3% -1.2%
52-week high $68.42$6.20$130.00 $779.14
52-week low $33.15$3.58$71.04 $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.

MultipleCALXGTNCSCO
P/E now vs peer median 47.6xmedian 33.2x -7.3xmedian 18.4x 33.2xmedian 33.2x
P/S now vs peer median 2.2xmedian 2.8x 0.2xmedian 0.6x 6.9xmedian 2.8x
EV/EBITDA now vs peer median 28.0xmedian 20.0x 7.8xmedian 10.5x 25.3xmedian 20.0x
P/FCF now vs peer median 28.3xmedian 29.8x 3.4xmedian 9.0x 34.4xmedian 29.8x
P/B now vs peer median 3.4xmedian 3.0x 0.2xmedian 1.5x 8.7xmedian 3.0x
PEG now vs peer median 6.72median 1.17 0.23median 0.44 12.32median 1.17

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 monthsCALXGTNCSCO
Revenue $1.11B $3.15B $63.33B
Gross profit $628.73M $820.00M $40.86B
Operating income $61.25M $435.00M $15.37B
Net income $51.19M -$26.00M $13.27B
Free cash flow $85.42M $146.00M $12.77B
R&D $207.99M – $9.56B
EPS (diluted) $0.78 $-0.58 $3.33
Cash & equivalents $68.91M $176.00M $7.22B
Total debt – $5.81B $29.53B
Shares (diluted) 65.51M 100.00M 3.99B
Enterprise value $1.24B -$567.03M $371.35B

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
MetricCALXGTNCSCO
P/E 47.6x -7.3x 33.2x
P/FCF 28.3x 3.4x 34.4x
P/Operating cash flow 22.0x 2.0x 31.0x
P/S 2.2x 0.2x 6.9x
P/B 3.4x 0.2x 8.7x
P/Tangible book 3.4x -0.1x 10.3x
EV/EBITDA 28.0x 7.8x 25.3x
EV/EBIT 36.2x 14.1x 29.5x
EV/Revenue 2.0x 1.9x 7.2x
EV/FCF 26.0x 42.0x 35.5x
EV/Operating cash flow 20.3x 24.5x 32.0x
PEG (3Y EPS CAGR) 6.72 0.23 12.32

Growth

14 metrics
MetricCALXGTNCSCO
Revenue growth (1Y) 27.8% -11.3% 11.8%
Revenue CAGR (3Y) 3.9% -4.3% 3.6%
Gross profit growth (1Y) 30.3% -28.8% 11.1%
Gross profit CAGR (3Y) 7.4% -13.5% 4.6%
Operating income growth (1Y) 273.3% -41.9% 30.7%
Operating income CAGR (3Y) 3.8% -18.2% 0.7%
Net income growth (1Y) 290.5% -113.0% 30.3%
Net income CAGR (3Y) 4.9% -28.0% 1.7%
EPS growth (1Y) 287.6% -138.0% 30.7%
EPS CAGR (3Y) 7.1% -31.1% 2.7%
Operating cash flow growth (1Y) 24.5% -69.8% -0.1%
Operating cash flow CAGR (3Y) 41.8% -36.1% -10.7%
Free cash flow growth (1Y) 19.4% -79.4% -3.9%
Free cash flow CAGR (3Y) 62.0% -32.2% -12.5%

Profitability

14 metrics
MetricCALXGTNCSCO
Gross margin 56.6% 26.0% 64.5%
EBITDA margin 7.1% 24.9% 28.3%
Operating margin 5.5% 13.8% 24.3%
Pretax margin 6.5% -2.0% 25.3%
Net margin 4.6% -1.8% 21.0%
FCF margin 7.7% 4.6% 20.2%
Operating cash flow margin 9.9% 7.9% 22.4%
Return on equity 7.1% -1.2% 26.8%
Return on assets 5.4% -0.3% 10.4%
Return on invested capital – 2.3% 15.9%
Return on capital employed 8.2% 4.4% 17.9%
Asset turnover 1.2x 0.3x 0.5x
Cash conversion (OCF / net income) 2.1x -9.6x 1.1x
Stock comp / revenue 7.2% 0.7% 6.0%

Financial Health

11 metrics
MetricCALXGTNCSCO
Debt / assets – 55.6% 22.8%
Debt / equity – 2.7x 0.6x
Net debt / EBITDA – 7.2x 0.8x
Debt / FCF – 39.8x 2.3x
Liabilities / assets 25.6% 79.6% 61.2%
Equity / assets 74.4% 20.4% 38.8%
Interest coverage – 0.9x 10.5x
Current ratio 2.8x 1.0x 0.9x
Quick ratio 1.6x 0.7x 0.6x
Cash ratio 0.9x 0.3x 0.4x
Altman Z-score 7.28 0.63 4.19

Shareholder Returns

7 metrics
MetricCALXGTNCSCO
Dividend yield – 7.4% 1.5%
Net buyback yield 7.9% – 1.3%
Shareholder yield 7.9% 7.4% 2.8%
Payout ratio (earnings) – -130.8% –
Payout ratio (FCF) – 23.3% –
Dividend growth (1Y) – 6.3% –
Dividend CAGR (3Y) – 6.7% –

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.

ConsensusCALXGTNCSCO
Forward P/E 23.7xFY2026 1.8xFY2026 23.5xFY2027
EPS, next fiscal year $1.62FY2026 $2.43FY2026 $4.74FY2027
EPS growth, next FY +20.9%FY2026 – +9.5%FY2027
EPS growth, the year after +48.1% -130.0% +20.7%
Revenue, next fiscal year $1.11BFY2026 $3.39BFY2026 $74.93BFY2027
Revenue growth, next FY +11.0%FY2026 +9.5%FY2026 +18.3%FY2027
Revenue growth, the year after +18.8% +0.3% +0.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXGTNCSCO
Held by institutions 94.5% 80.6% 80.1%
Institutions holding 288 176 4,046
Change in shares held, QoQ +0.5% -2.7% +5.0%
Institutions buying 148 72 1,847
Institutions selling 111 70 1,817
Buyers to sellers 1.33 1.03 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.

CALXGTNCSCO
CALX 1.00 0.20 0.22
GTN 0.20 1.00 0.03
CSCO 0.22 0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, GTN and CSCO?

Cisco Systems (CSCO) is the largest by market capitalisation: Calix (CALX) $2.41B, Gray Media (GTN) $417.97M, Cisco Systems (CSCO) $435.42B.

Which stock is cheaper, CALX, GTN and CSCO?

Cisco Systems (CSCO) trades on the lowest price-to-earnings ratio (Calix (CALX) 47.0x, Gray Media (GTN) -7.2x, Cisco Systems (CSCO) 32.8x). On next year's consensus earnings, Gray Media (GTN) is cheapest (Calix (CALX) 23.7x, Gray Media (GTN) 1.8x, Cisco Systems (CSCO) 23.5x). 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%, Gray Media (GTN) -11.3%, Cisco Systems (CSCO) +11.8%.

Which company is more profitable?

Cisco Systems (CSCO) has the highest net margin (Calix (CALX) 4.6%, Gray Media (GTN) -1.8%, Cisco Systems (CSCO) 21.0%). On return on invested capital, Cisco Systems (CSCO) leads (Gray Media (GTN) 2.3%, Cisco Systems (CSCO) 15.9%).

Which stock has performed better?

Over the past year Cisco Systems (CSCO) returned the most: Calix (CALX) -37.2%, Gray Media (GTN) -6.5%, Cisco Systems (CSCO) +56.0%. Over five years, Cisco Systems (CSCO) compounded fastest (Calix (CALX) -8.8%/yr, Gray Media (GTN) -28.9%/yr, Cisco Systems (CSCO) +14.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Calix (CALX) 0.00%, Gray Media (GTN) 0.08%, Cisco Systems (CSCO) 0.00%. Calix (CALX) and Cisco Systems (CSCO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cisco Systems (CSCO) has been the steadiest (Calix (CALX) 41.6%, Gray Media (GTN) 62.1%, Cisco Systems (CSCO) 35.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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.