Calix vs Netscout Systems
Calix is the larger business, with $1.00bn of revenue in fiscal 2025 against $859m for Netscout Systems (1.2 times as much). Calix grew faster (20.3% against 4.5%). Netscout Systems kept more of each dollar of sales as profit: a net margin of 11.1% against 1.8%. Calix carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | CalixCALX, 2025 | Netscout SystemsNTCT, 2026 |
|---|---|---|
| Revenue | $1.00bn | $859m |
| Revenue growth | 20.3% | 4.5% |
| Net income | $17.9m | $95.5m |
| Operating margin | 2.1% | 12.8% |
| Net margin | 1.8% | 11.1% |
| Return on equity | 2.2% | 6.0% |
| Free cash flow | $116m | $285m |
| Cash | $143m | $586m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $93.6m | $60.8m |
| Employees | 1,921 | 2,073 |
| Market value | $2.09bn | $2.77bn |
| Price vs our value range | — | Within our value range |
| Moat score | 59 (Moderate) | 59 (Moderate) |
| Insider trades, 12 months | 0 buys, 13 sales | 0 buys, 18 sales |