Calix vs Extreme Networks
Extreme Networks is the larger business, with $1.28bn of revenue in fiscal 2026 against $1.00bn for Calix (1.3 times as much). Calix grew faster (20.3% against 12.6%). Extreme Networks kept more of each dollar of sales as profit: a net margin of 3.3% against 1.8%. Calix carries less debt relative to equity (0.0% against 186.3%).
| Latest fiscal year | CalixCALX, 2025 | Extreme NetworksEXTR, 2026 |
|---|---|---|
| Revenue | $1.00bn | $1.28bn |
| Revenue growth | 20.3% | 12.6% |
| Net income | $17.9m | $42.1m |
| Operating margin | 2.1% | 4.9% |
| Net margin | 1.8% | 3.3% |
| Return on equity | 2.2% | 54.6% |
| Free cash flow | $116m | $95.2m |
| Cash | $143m | $212m |
| Total debt | $0 | $165m |
| Debt to equity | 0.0% | 186.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $93.6m | $87.0m |
| Employees | 1,921 | — |
| Market value | $2.09bn | $3.03bn |
| Price vs our value range | — | Above our value range |
| Moat score | 59 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 13 sales | 0 buys, 33 sales |