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Side-by-side financial comparison of CALIX, INC (CALX) and GigaCloud Technology Inc (GCT). Click either name above to swap in a different company.
GigaCloud Technology Inc is the larger business by last-quarter revenue ($332.6M vs $280.0M, roughly 1.2× CALIX, INC). GigaCloud Technology Inc runs the higher net margin — 11.2% vs 4.0%, a 7.2% gap on every dollar of revenue. On growth, CALIX, INC posted the faster year-over-year revenue change (27.1% vs 9.7%). GigaCloud Technology Inc produced more free cash flow last quarter ($77.1M vs $6.5M). Over the past eight quarters, GigaCloud Technology Inc's revenue compounded faster (36.6% CAGR vs 18.9%).
Calix, Inc. is a telecommunications company that specializes in providing software platforms, systems, and services to support the delivery of broadband services. The company was founded in 1999 and is headquartered in San Jose, California.
GigaCloud Technology Inc. is an American e-commerce company that helps retailers buy and sell big and bulky, non-standardized items such as furniture, appliances, and fitness equipment. They own a business-to-business online marketplace and act as a middleman by handling sales, logistics and also delivery to end customers. GigaCloud is headquartered in El Monte, California, and is listed on the Nasdaq stock exchange since August 2022.
CALX vs GCT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $280.0M | $332.6M |
| Net Profit | $11.2M | $37.2M |
| Gross Margin | 56.9% | 23.2% |
| Operating Margin | 47.6% | 12.2% |
| Net Margin | 4.0% | 11.2% |
| Revenue YoY | 27.1% | 9.7% |
| Net Profit YoY | — | -8.6% |
| EPS (diluted) | $0.16 | $0.99 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $280.0M | — | ||
| Q4 25 | $272.4M | — | ||
| Q3 25 | $265.4M | $332.6M | ||
| Q2 25 | $241.9M | $322.6M | ||
| Q1 25 | $220.2M | $271.9M | ||
| Q4 24 | $206.1M | $295.8M | ||
| Q3 24 | $200.9M | $303.3M | ||
| Q2 24 | $198.1M | $310.9M |
| Q1 26 | $11.2M | — | ||
| Q4 25 | $7.2M | — | ||
| Q3 25 | $15.7M | $37.2M | ||
| Q2 25 | $-199.0K | $34.6M | ||
| Q1 25 | $-4.8M | $27.1M | ||
| Q4 24 | $-17.9M | $31.0M | ||
| Q3 24 | $-4.0M | $40.7M | ||
| Q2 24 | $-8.0M | $27.0M |
| Q1 26 | 56.9% | — | ||
| Q4 25 | 57.7% | — | ||
| Q3 25 | 57.3% | 23.2% | ||
| Q2 25 | 56.3% | 23.9% | ||
| Q1 25 | 55.7% | 23.4% | ||
| Q4 24 | 55.0% | 22.0% | ||
| Q3 24 | 54.8% | 25.5% | ||
| Q2 24 | 54.3% | 24.6% |
| Q1 26 | 47.6% | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 6.6% | 12.2% | ||
| Q2 25 | 0.2% | 11.1% | ||
| Q1 25 | -2.8% | 10.4% | ||
| Q4 24 | -9.1% | 9.3% | ||
| Q3 24 | -5.4% | 13.4% | ||
| Q2 24 | -5.7% | 8.8% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 5.9% | 11.2% | ||
| Q2 25 | -0.1% | 10.7% | ||
| Q1 25 | -2.2% | 10.0% | ||
| Q4 24 | -8.7% | 10.5% | ||
| Q3 24 | -2.0% | 13.4% | ||
| Q2 24 | -4.0% | 8.7% |
| Q1 26 | $0.16 | — | ||
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.22 | $0.99 | ||
| Q2 25 | $0.00 | $0.91 | ||
| Q1 25 | $-0.07 | $0.68 | ||
| Q4 24 | $-0.27 | $0.76 | ||
| Q3 24 | $-0.06 | $0.98 | ||
| Q2 24 | $-0.12 | $0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $54.6M | $365.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $738.0M | $457.3M |
| Total Assets | — | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $54.6M | — | ||
| Q4 25 | $143.1M | — | ||
| Q3 25 | $95.0M | $365.9M | ||
| Q2 25 | $76.5M | $303.0M | ||
| Q1 25 | $42.3M | $286.8M | ||
| Q4 24 | $43.2M | $302.4M | ||
| Q3 24 | $62.4M | $259.8M | ||
| Q2 24 | $84.5M | $207.8M |
| Q1 26 | $738.0M | — | ||
| Q4 25 | $859.2M | — | ||
| Q3 25 | $822.5M | $457.3M | ||
| Q2 25 | $772.7M | $431.4M | ||
| Q1 25 | $767.2M | $412.9M | ||
| Q4 24 | $780.9M | $405.2M | ||
| Q3 24 | $778.7M | $400.4M | ||
| Q2 24 | $754.2M | $358.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $976.4M | $1.1B | ||
| Q2 25 | $921.4M | $1.1B | ||
| Q1 25 | $917.1M | $1.1B | ||
| Q4 24 | $939.3M | $1.1B | ||
| Q3 24 | $937.5M | $1.1B | ||
| Q2 24 | $917.9M | $1.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $14.6M | $78.3M |
| Free Cash FlowOCF − Capex | $6.5M | $77.1M |
| FCF MarginFCF / Revenue | 2.3% | 23.2% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 1.31× | 2.10× |
| TTM Free Cash FlowTrailing 4 quarters | $109.1M | $188.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.6M | — | ||
| Q4 25 | $46.0M | — | ||
| Q3 25 | $32.3M | $78.3M | ||
| Q2 25 | $39.4M | $38.6M | ||
| Q1 25 | $17.2M | $9.4M | ||
| Q4 24 | $15.4M | $68.4M | ||
| Q3 24 | $16.0M | $55.2M | ||
| Q2 24 | $22.3M | $19.1M |
| Q1 26 | $6.5M | — | ||
| Q4 25 | $40.3M | — | ||
| Q3 25 | $26.7M | $77.1M | ||
| Q2 25 | $35.6M | $37.0M | ||
| Q1 25 | $12.9M | $7.0M | ||
| Q4 24 | $10.2M | $66.9M | ||
| Q3 24 | $12.8M | $51.4M | ||
| Q2 24 | $16.4M | $12.9M |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.8% | — | ||
| Q3 25 | 10.1% | 23.2% | ||
| Q2 25 | 14.7% | 11.5% | ||
| Q1 25 | 5.9% | 2.6% | ||
| Q4 24 | 5.0% | 22.6% | ||
| Q3 24 | 6.3% | 16.9% | ||
| Q2 24 | 8.3% | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.1% | 0.4% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 2.5% | 0.5% | ||
| Q3 24 | 1.6% | 1.3% | ||
| Q2 24 | 3.0% | 2.0% |
| Q1 26 | 1.31× | — | ||
| Q4 25 | 6.38× | — | ||
| Q3 25 | 2.06× | 2.10× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CALX
| Appliance | $232.8M | 83% |
| Software and service | $47.1M | 17% |
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
