What is Calix's invested capital?

Calix (CALX) reported invested capital of $698.09M in Q1 2026.

How has Calix's invested capital changed year-over-year?

Calix's invested capital decreased by 4.6% year-over-year, from $731.91M to $698.09M.

What is the long-term trend for Calix's invested capital?

Over 5 years (2020 to 2025), Calix's invested capital has grown at a 27.7% compound annual growth rate (CAGR), from $215.46M to $731.73M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Calix CALX Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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18.8%+0.1pp

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12.2%+0.5pp

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3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Archer AviationACHR

-129.7%-62.3pp

Kiniksa Pharmaceuticals International, plcKNSA

17.5%+14.2pp

Other financials

Income statement

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Revenue$280.0M+27.1%

Gross profit$159.3M+29.8%

Operating income$12.7M+309%

Net income$11.2M+334%

EPS (diluted)$0.16+329%

Balance sheet

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Cash & equivalents$54.6M+29.1%

Total debt$14.7M+109%

Total equity$738.0M-3.8%

Total assets$951.4M+3.7%

Cash flow

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Operating cash flow$14.6M-15.0%

CapEx$8.1M+88.4%

Free cash flow$6.5M-49.5%

Valuation

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Market cap$2.32B+34.0%

Enterprise value$2.28B+34.3%

P/E68.5×—

P/S2.2×+0.1×

Profitability

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Gross margin57.1%+2.1pp

Operating margin3.8%+2.3pp

Net margin3.2%+2.0pp

FCF margin10.3%+4.0pp

Returns & leverage

See full

Return on equity4.5%+3.0pp

Debt / equity0×0.0×

Current ratio3.3×-1.3×

Where this comes from

Calculated from Calix’s reported figures.

$14.7Mtotal debt+$738.0Mtotal stockholders equity−$54.6Mcash and equivalents=$698.09M

The official record: Calix’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Calix's invested capital?: Calix (CALX) reported invested capital of $698.09M in Q1 2026.
How has Calix's invested capital changed year-over-year?: Calix's invested capital decreased by 4.6% year-over-year, from $731.91M to $698.09M.
What is the long-term trend for Calix's invested capital?: Over 5 years (2020 to 2025), Calix's invested capital has grown at a 27.7% compound annual growth rate (CAGR), from $215.46M to $731.73M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).