Adtran Holdings vs Calix
Adtran Holdings and Calix are similar in size: $1.08bn and $1.00bn of revenue in their latest fiscal years. Calix grew faster (20.3% against 17.5%). Calix kept more of each dollar of sales as profit: a net margin of 1.8% against -4.2%. Calix carries less debt relative to equity (0.0% against 132.4%).
| Latest fiscal year | Adtran HoldingsADTN, 2025 | CalixCALX, 2025 |
|---|---|---|
| Revenue | $1.08bn | $1.00bn |
| Revenue growth | 17.5% | 20.3% |
| Net income | −$45.7m | $17.9m |
| Operating margin | -1.4% | 2.1% |
| Net margin | -4.2% | 1.8% |
| Return on equity | -33.5% | 2.2% |
| Free cash flow | $98.0m | $116m |
| Cash | $95.7m | $143m |
| Total debt | $193m | $0 |
| Debt to equity | 132.4% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $93.6m |
| Employees | 3,338 | 1,921 |
| Market value | $418m | $2.09bn |
| Price vs our value range | — | — |
| Moat score | 51 (Moderate) | 59 (Moderate) |
| Insider trades, 12 months | 4 buys, 5 sales | 0 buys, 13 sales |