Calix Inc (CALX)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 34,168 -43,034 25,585 52,610 73,056
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands — 780,940 718,982 679,567 568,428
Return on total capital — -5.51% 3.56% 7.74% 12.85%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $34,168K ÷ ($—K + $—K)
= —