Calix (FRA:CXA) FCF Margin %: 2.33% (As of Mar. 2026) — 32% Below Median


FRA:CXA Calix Inc FRA:CXA
79 GF Score
Price €30.40
GF Value €41.14
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Calix FCF Margin %?

Calix FRA:CXA -6.75% 79 FCF Margin % is 2.33% as of Mar. 2026, which is 32% below its 10-year median of 3.44. GuruFocus rates FRA:CXA with a GF Score™ of 79/100 and a GF Value™ of €41.14 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,815 Software companies, Calix ranks better than 70.55% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Calix's Free Cash Flow for the three months ended in Mar. 2026 was €5.6 Mil. Calix's Revenue for the three months ended in Mar. 2026 was €242.2 Mil. Therefore, Calix's FCF Margin % for the quarter that ended in Mar. 2026 was 2.33%.

As of today, Calix's current FCF Yield % is 4.81%.

The historical rank and industry rank for Calix's FCF Margin % or its related term are showing as below:

FRA:CXA' s FCF Margin % Range Over the Past 10 Years
Min: -13.87   Med: 3.44   Max: 11.55
Current: 10.29


During the past 13 years, the highest FCF Margin % of Calix was 11.55%. The lowest was -13.87%. And the median was 3.44%.

FRA:CXA's FCF Margin % is ranked better than
70.55% of 2815 companies
in the Software industry
Industry Median: 2.41 vs FRA:CXA: 10.29


Calix FCF Margin % Related Terms


Calix FCF Margin % Historical Data

* Premium members only.

The historical data trend for Calix's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Calix FCF Margin % Chart

Calix Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.82 1.51 3.69 6.05 11.55

Calix Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.86 14.74 10.06 14.78 2.33

FRA:CXA vs PAGS, WIX, AVPT: FCF Margin % Comparison

For the Software - Infrastructure subindustry, Calix's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Calix FCF Margin % vs Software Industry

For the Software industry and Technology sector, Calix's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Calix's FCF Margin % falls into.


FRA:CXA
79GF Score
Calix Inc FRA:CXA
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Calix FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Calix's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=98.653/854.009
=11.55 %

Calix's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=5.636/242.186
=2.33 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 2.33% mean?
Calix (FRA:CXA) has a FCF Margin % of 2.33% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Calix and its competitors. This is 32% below median its historical median of 3.44. According to the industry distribution chart, Calix ranks #829 out of 2815 companies in the Software industry, placing it in the top 29.4%.
Is Calix's FCF Margin % too high?
Calix's current FCF Margin % of 2.33% is 32% below median its 10-year median of 3.44. The Software industry median FCF Margin % is 2.41. Calix's value of 2.33% is 3.3% below this industry median. Based on the distribution chart, Calix ranks #829 out of 2815 companies in the Software industry, which is above the industry midpoint. Overall, Calix has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calix's FCF Margin % compare to PAGS and WIX?
According to the Software industry distribution chart, Calix ranks #829 out of 2815 companies for FCF Margin %. This puts Calix in the upper half of its industry. The industry median FCF Margin % is 2.41. Calix's value of 2.33% is 3.3% below this benchmark. While the company's 10-year median is 3.44 vs. the industry median of 2.41, Calix has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.41, based on 2,815 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Calix's current FCF Margin % of 2.33% is 3.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Calix and its competitors. For the Software industry, the median FCF Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calix's current FCF Margin % is 2.33%, which is 32% below median its own 10-year median of 3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calix stock overvalued right now?
Based on GuruFocus' analysis, Calix (FRA:CXA) is currently considered Significantly Undervalued. The stock's GF Value™ is €41.14, compared to a current price of €30.40 — trading 26.1% below its estimated fair value. The current FCF Margin % is 2.33%, which is 32% below median its 10-year median of 3.44 and 3.3% below the Software industry median of 2.41. Calix's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Calix (FRA:CXA), the current FCF Margin % is 2.33% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Calix (FRA:CXA) Overvalued in 2026?

Based on GuruFocus' analysis, Calix stock appears to be undervalued. The current stock price of €30.40 is trading 26.1% below its estimated GF Value™ of €41.14. GuruFocus considers Calix to be Significantly Undervalued.

Key valuation signals for FRA:CXA:

  • FCF Margin %: 2.33% (32% below median its 10-year median of 3.44)
  • GF Value™: €41.14 vs. price of €30.40 (26.1% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 3.3% below the Software median (#829 of 2815)

No single metric tells the full story. See the FRA:CXA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Calix Business Description

Other Exchanges CALX:USACXA:Germany
Address 3155 Olsen Drive, Suite 450, San Jose, CA, USA, 95117
Calix Inc develops, markets and sells its appliance-based platform, cloud and managed services that enable service providers of all types and sizes to innovate and transform their businesses. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. The Company's revenue is principally derived in the United States and it also has its presence in Europe, Americas excluding U.S., and Rest of World.
79GF Score

Get the complete analysis for FRA:CXA

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€30.40
Price
€41.14
GF Value