CALX vs UI vs EXTR Stock Comparison

Calix, Ubiquiti and Extreme Networks Prices as of Oct 23, 2026 Peers: Industry group
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CALX Calix, Inc
$36.50 +5.7% 1M -39.3% 1Y
Market cap
$2.40B
P/E
46.8x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
3 wins
UI Ubiquiti Inc.
$587.99 +2.3% 1M -17.8% 1Y
Market cap
$35.38B
P/E
36.8x
Revenue (TTM)
$3.27B
Div. yield
–
Networking Equipment Technology
4 wins
EXTR Extreme Networks Inc
$21.97 -0.3% 1M +3.9% 1Y
Market cap
$3.01B
P/E
71.5x
Revenue (TTM)
$1.28B
Div. yield
–
Networking Equipment Technology
3 wins

Head to Head

10 decided of 12

Ubiquiti leads on 4 of the 12 questions below (Ubiquiti 4, Extreme Networks 3, Calix 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCALXUIEXTRLeader
Larger companyMarket capitalisation $2.40B $35.38B $3.01B UI
Cheaper on earningsLower P/E, profitable companies only 46.8x 36.8x 71.5x UI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.5x 31.1x 15.9x EXTR
Faster revenue growthRevenue growth, trailing twelve months +27.8% +27.2% +12.6% CALX
More profitableNet margin, trailing twelve months 4.6% 29.3% 3.3% UI
Better return on capitalReturn on invested capital — 72.8% 19.4% UI
Less leveragedLower net debt / EBITDA — — -0.6x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -39.3% -17.8% +3.9% EXTR
Better 5-year returnAnnualised price return, 5 years -7.5%/yr +14.0%/yr +17.6%/yr EXTR
Less volatileAnnualised volatility, 1 year 41.5% 53.8% 55.3% CALX
Higher overall scoreMean of the five percentile scores vs peers 76/100 68/100 52/100 CALX

Percentile Scorecard

CALXUIEXTR

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

AxisCALXUIEXTR
Valuation 60 #45 of 112 28 #81 of 112 37 #71 of 112
Growth 82 #21 of 109 90 #12 of 109 41 #65 of 109
Profitability 64 #38 of 105 99 #2 of 105 71 #31 of 105
Financial Health 76 #29 of 117 75 #30 of 117 23 #90 of 117
Shareholder Returns 98 #3 of 82 48 #43 of 82 88 #11 of 82
Overall 76 68 52
  • CALX ranked among 122 companies in Computer Hardware
  • UI ranked among 122 companies in Computer Hardware
  • EXTR ranked among 122 companies in Computer Hardware

Price Performance

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

Returns

PeriodCALXUIEXTRSPY
1 month +5.7%+2.3%-0.3% -1.0%
3 months +1.4%+12.1%-25.5% +2.9%
6 months -15.9%-43.1%+24.9% +6.4%
Year to date -31.0%+6.3%+32.0% +11.4%
1 year -39.3%-17.8%+3.9% +13.1%
3 years +4.9%+410.1%+4.5% +79.4%
3 years, per year +1.6%+72.2%+1.5% +21.5%
5 years -32.2%+92.9%+124.9% +67.7%
5 years, per year -7.5%+14.0%+17.6% +10.9%
10 years +453.0%+1,034.5%+441.1% +255.2%
10 years, per year +18.7%+27.5%+18.4% +13.5%

Risk

MeasureCALXUIEXTRSPY
Volatility, 1Y 41.5%53.8%55.3% 12.7%
Downside volatility, 1Y 43.8%59.7%56.2% 12.7%
Beta vs S&P 500, 1Y 0.861.651.51 1.00
Return / volatility, 1Y -0.95-0.330.07 1.03
Max drawdown, 5Y -65.3%-70.0%-67.2% -25.4%
From 52-week high -46.7%-45.8%-34.8% -2.5%
52-week high $68.42$1,084.50$33.71 $779.14
52-week low $33.15$515.44$13.74 $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.

MultipleCALXUIEXTR
P/E now vs peer median 45.3xmedian 31.3x 37.1xmedian 31.3x 69.2xmedian 31.3x
P/S now vs peer median 2.1xmedian 2.6x 10.9xmedian 2.6x 2.2xmedian 2.6x
EV/EBITDA now vs peer median 26.6xmedian 19.6x 29.0xmedian 19.6x 32.9xmedian 19.6x
P/FCF now vs peer median 26.9xmedian 28.3x 39.2xmedian 28.3x 30.3xmedian 28.3x
P/B now vs peer median 3.2xmedian 2.9x 24.7xmedian 2.9x 32.5xmedian 2.9x
PEG now vs peer median 6.40median 1.15 1.12median 1.15 -3.67median 1.15

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 monthsCALXUIEXTR
Revenue $1.11B $3.27B $1.28B
Gross profit $628.73M $1.51B $789.14M
Operating income $61.25M $1.19B $62.70M
Net income $51.19M $960.30M $42.12M
Free cash flow $85.42M $908.94M $95.24M
R&D $207.99M $204.17M $233.88M
EPS (diluted) $0.78 $15.85 $0.31
Cash & equivalents $68.91M $522.58M $211.76M
Total debt – $180.81M $731.31M
Shares (diluted) 65.51M 60.57M 134.97M
Enterprise value $1.23B $33.92B $2.16B

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
MetricCALXUIEXTR
P/E 45.3x 37.1x 69.2x
P/FCF 26.9x 39.2x 30.3x
P/Operating cash flow 21.0x 38.3x 23.4x
P/S 2.1x 10.9x 2.2x
P/B 3.2x 24.7x 32.5x
P/Tangible book 3.2x 24.7x 33.7x
EV/EBITDA 26.6x 29.0x 32.9x
EV/EBIT 34.4x 29.5x 45.2x
EV/Revenue 1.9x 10.7x 2.2x
EV/FCF 24.6x 38.5x 29.8x
EV/Operating cash flow 19.2x 37.7x 23.0x
PEG (3Y EPS CAGR) 6.40 1.12 -3.67

Growth

14 metrics
MetricCALXUIEXTR
Revenue growth (1Y) 27.8% 27.2% 12.6%
Revenue CAGR (3Y) 3.9% 19.0% -0.7%
Gross profit growth (1Y) 30.3% 35.3% 11.3%
Gross profit CAGR (3Y) 7.4% 25.7% 1.5%
Operating income growth (1Y) 273.3% 41.8% 269.9%
Operating income CAGR (3Y) 3.8% 29.6% -16.7%
Net income growth (1Y) 290.5% 34.9% 664.1%
Net income CAGR (3Y) 4.9% 33.1% -18.6%
EPS growth (1Y) 287.6% 34.8% 653.0%
EPS CAGR (3Y) 7.1% 33.0% -18.9%
Operating cash flow growth (1Y) 24.5% 45.1% -19.0%
Operating cash flow CAGR (3Y) 41.8% 103.2% -20.9%
Free cash flow growth (1Y) 19.4% 44.9% -25.2%
Free cash flow CAGR (3Y) 62.0% 95.4% -26.0%

Profitability

14 metrics
MetricCALXUIEXTR
Gross margin 56.6% 46.2% 61.5%
EBITDA margin 7.1% 36.8% 6.7%
Operating margin 5.5% 36.2% 4.9%
Pretax margin 6.5% 36.1% 4.0%
Net margin 4.6% 29.3% 3.3%
FCF margin 7.7% 27.8% 7.4%
Operating cash flow margin 9.9% 28.4% 9.6%
Return on equity 7.1% 72.7% 50.3%
Return on assets 5.4% 49.1% 3.6%
Return on invested capital – 72.8% 19.4%
Return on capital employed 8.2% 89.1% 10.8%
Asset turnover 1.2x 1.7x 1.1x
Cash conversion (OCF / net income) 2.1x 1.0x 2.9x
Stock comp / revenue 7.2% 0.2% 6.9%

Financial Health

11 metrics
MetricCALXUIEXTR
Debt / assets – – 13.9%
Debt / equity – – 1.8x
Net debt / EBITDA – – -0.6x
Debt / FCF – – 1.7x
Liabilities / assets 25.6% 34.5% 92.5%
Equity / assets 74.4% 65.5% 7.5%
Interest coverage – – 4.5x
Current ratio 2.8x 2.9x 0.9x
Quick ratio 1.6x 1.5x 0.6x
Cash ratio 0.9x 1.0x 0.4x
Altman Z-score 7.00 33.00 1.73

Shareholder Returns

7 metrics
MetricCALXUIEXTR
Dividend yield – 0.6% –
Net buyback yield 8.3% – 3.0%
Shareholder yield 8.3% 0.6% 3.0%
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.

ConsensusCALXUIEXTR
Forward P/E 22.5xFY2026 31.1xFY2027 15.9xFY2027
EPS, next fiscal year $1.62FY2026 $18.88FY2027 $1.38FY2027
EPS growth, next FY +20.9%FY2026 +18.4%FY2027 +30.2%FY2027
EPS growth, the year after +48.1% +9.2% +2.9%
Revenue, next fiscal year $1.11BFY2026 $4.12BFY2027 $1.34BFY2027
Revenue growth, next FY +11.0%FY2026 +25.9%FY2027 +4.5%FY2027
Revenue growth, the year after +18.8% +5.9% +21.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCALXUIEXTR
Held by institutions 94.5% 4.9% 96.7%
Institutions holding 288 354 338
Change in shares held, QoQ +0.5% +8.0% +1.2%
Institutions buying 148 163 181
Institutions selling 111 139 121
Buyers to sellers 1.33 1.17 1.50

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.

CALXUIEXTR
CALX 1.00 0.33 0.29
UI 0.33 1.00 0.21
EXTR 0.29 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CALX, UI and EXTR?

Ubiquiti (UI) is the largest by market capitalisation: Calix (CALX) $2.40B, Ubiquiti (UI) $35.38B, Extreme Networks (EXTR) $3.01B.

Which stock is cheaper, CALX, UI and EXTR?

Ubiquiti (UI) trades on the lowest price-to-earnings ratio (Calix (CALX) 46.8x, Ubiquiti (UI) 36.8x, Extreme Networks (EXTR) 71.5x). On next year's consensus earnings, Extreme Networks (EXTR) is cheapest (Calix (CALX) 22.5x, Ubiquiti (UI) 31.1x, Extreme Networks (EXTR) 15.9x). 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%, Ubiquiti (UI) +27.2%, Extreme Networks (EXTR) +12.6%.

Which company is more profitable?

Ubiquiti (UI) has the highest net margin (Calix (CALX) 4.6%, Ubiquiti (UI) 29.3%, Extreme Networks (EXTR) 3.3%). On return on invested capital, Ubiquiti (UI) leads (Ubiquiti (UI) 72.8%, Extreme Networks (EXTR) 19.4%).

Which stock has performed better?

Over the past year Extreme Networks (EXTR) returned the most: Calix (CALX) -39.3%, Ubiquiti (UI) -17.8%, Extreme Networks (EXTR) +3.9%. Over five years, Extreme Networks (EXTR) compounded fastest (Calix (CALX) -7.5%/yr, Ubiquiti (UI) +14.0%/yr, Extreme Networks (EXTR) +17.6%/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%, Ubiquiti (UI) 53.8%, Extreme Networks (EXTR) 55.3%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ubiquiti (UI) leads on 4. 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.