ASTS
AST SpaceMobile, Inc.
ASTS trails on the overall score without a compensating advantage in the available component scores.
CALX
Calix, Inc.
CALX has the edge over ASTS overall, supported by lower modeled downside and stronger valuation.
ASTS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ASTS's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
CALX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
CALX's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
CALX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $32.68 | — |
| Cheap | 19x | $12.95 | -60% |
| Current | 47x | $32.68 | — |
| Fair | 72x | $49.68 | +52% |
| Expensive | 127x | $87.43 | +168% |
Historical ranges are pointers, not guarantees.
CALX's PE is in its cheap range at 47x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
ASTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ASTS's losses to grow, with revenue growing. However, they disagree widely on these estimates.
CALX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CALX, with profitability improving.
ASTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.15 | -$0.91 |
| Q2 2026 | -$2.16 | -$0.27 |
| Q1 2026 | -$1.80 | +$0.19 |
| Q4 2025 | -$1.34 | +$0.61 |
| Q3 2025 | -$1.24 | +$0.88 |
| Q2 2025 | -$1.89 | -$0.64 |
| Q1 2025 | -$1.99 | -$1.01 |
| Q4 2022 | -$0.58 | -$0.21 |
ASTS is still losing money, but far less than before: $2.15 per share over the past year, against $5.76 at its worst in mid-2021.
CALX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.20 | +219% |
| Q3 2026 | $0.69 | +$0.81 |
| Q2 2026 | $0.75 | +$1.15 |
| Q1 2026 | $0.49 | +$1.01 |
| Q4 2025 | $0.26 | +$0.71 |
| Q3 2025 | -$0.12 | +$0.15 |
| Q2 2025 | -$0.40 | -1433% |
| Q1 2025 | -$0.52 | -286% |
| Q4 2024 | -$0.45 | -207% |
CALX has the edge over ASTS on earnings quality, reporting a profit while its opponent remains loss making.
ASTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.3M | +187% |
| Q2 2026 | $31.5M | +2627% |
| Q1 2026 | $14.7M | +1952% |
| Q4 2025 | $54.3M | +2731% |
| Q3 2025 | $14.7M | +1240% |
| Q2 2025 | $1.2M | +28% |
| Q1 2025 | $718K | +44% |
| Q3 2022 | $4.2M | +70% |
ASTS has the edge over CALX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -415% | +694 points |
| Q2 2026 | -948% | +10744 points |
| Q1 2026 | -1686% | +7083 points |
| Q4 2025 | -175% | +2446 points |
| Q3 2025 | -1109% | +4850 points |
| Q2 2025 | -11692% | -4693 points |
| Q1 2025 | -8769% | +2331 points |
| Q4 2024 | -2621% | N/A |
ASTS's operating margin was −415% last quarter, up 694 points from the same quarter a year ago.
CALX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $301.7M | +14% |
| Q2 2026 | $293.3M | +21% |
| Q1 2026 | $280M | +27% |
| Q4 2025 | $272.4M | +32% |
| Q3 2025 | $265.4M | +32% |
| Q2 2025 | $241.9M | +22% |
| Q1 2025 | $220.2M | -2.7% |
| Q4 2024 | $206.1M | -22% |
CALX's revenue has grown year over year for six quarters in a row: $302M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.5% | -1.1 points |
| Q2 2026 | 7.5% | +7.3 points |
| Q1 2026 | 4.5% | +7.3 points |
| Q4 2025 | 3.4% | +13 points |
| Q3 2025 | 6.6% | +12 points |
| Q2 2025 | 0.2% | +5.9 points |
| Q1 2025 | -2.8% | -1.9 points |
| Q4 2024 | -9.1% | -4.5 points |
CALX has the edge over ASTS on profitability, with a higher operating margin.
ASTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$464.2M | -$161.4M |
| Q2 2026 | -$694.8M | -$341.1M |
| Q1 2026 | -$309.7M | -$160.7M |
| Q4 2025 | -$330.7M | -$220.3M |
| Q3 2025 | -$302.9M | -$239.1M |
| Q2 2025 | -$353.6M | -$315.3M |
| Q1 2025 | -$149M | -$61.3M |
| Q4 2024 | -$110.5M | -$63.2M |
ASTS has burned cash in almost every quarter: −$1.8B over the past year, against −$916M the year before.
CALX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.4M | -87% |
| Q2 2026 | $11.9M | -67% |
| Q1 2026 | $6.5M | -49% |
| Q4 2025 | $40.3M | +294% |
| Q3 2025 | $26.7M | +109% |
| Q2 2025 | $35.6M | +117% |
| Q1 2025 | $12.9M | +17% |
| Q4 2024 | $10.2M | -6.7% |
CALX has the edge over ASTS on cash generation, producing positive trailing cash flow while its opponent burns cash.
ASTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.1M shares |
| 1 year | +10% | +27.3M shares |
| 3 years | +235% | +211M shares |
| 5 years | +480% | +248M shares |
| Available history | +944% | +271M shares |
ASTS has 300M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
CALX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -1.1M shares |
| 1 year | -7.7% | -5.3M shares |
| 3 years | -7.4% | -5.1M shares |
| 5 years | -5.1% | -3.5M shares |
| Available history | +17% | +9.5M shares |
CALX has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $69.4M |
| Q1 2026 | $170.9M |
| Q4 2025 | $16.6M |
| Q3 2025 | $3.5M |
| Q2 2025 | $33.6M |
| Q1 2025 | $40M |
| Q4 2024 | $7M |
CALX spent $307M buying back its own shares over the past year, about four times what it spent the year before.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CALX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -3.7x | Net Cash |
| Q2 2024 | -9.2x | Net Cash |
| Q1 2024 | -2.8x | Net Cash |
| Q4 2023 | -1.5x | Net Cash |
| Q3 2023 | -2.0x | Net Cash |
CALX has more cash than debt.
ASTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 11.9 | Oversold |
ASTS's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
CALX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.9 | Neutral |
| Stochastic | 24.5 | Neutral |
CALX's weekly RSI is 39 (neutral) and its Stochastic is 25 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
CALX PE vs Technology Sector
| Metric | CALX | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 28x | 70% above |
| PE % | 30 | 35 | 5 pts below |
CALX is trading at 47x earnings, a 70% premium to the Technology sector's median of 28x.
ASTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.9 | 23% below |
| 20 week MA | $57.1 | 40% below |
| 50 week MA | $75.5 | 54% below |
| 100 week MA | $57.8 | 40% below |
| 200 week MA | $33.6 | 2.8% above |
ASTS has the edge over CALX on trend strength, trading above more of its moving averages.
CALX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.8 | 6% below |
| 20 week MA | $36.5 | 10% below |
| 50 week MA | $43.3 | 25% below |
| 100 week MA | $45.6 | 28% below |
| 200 week MA | $43.2 | 24% below |
CALX is in a downtrend: it's below all five of its weekly moving averages, and 24% below its 200-week average.
ASTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.87 | $13.4 | +36% |
| 2021 | $13.4 | $8.71 | -35% |
| 2022 | $8.71 | $3.97 | -54% |
| 2023 | $3.97 | $6.03 | +52% |
| 2024 | $6.03 | $22.9 | +280% |
| 2025 | $22.9 | $72.0 | +214% |
| 2026 YTD | $72.0 | $34.5 | -52% |
ASTS's yearly returns have swung widely, from +280% in 2024 to −54% in 2022. It's down 52% so far in 2026.
CALX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.04 | $31.9 | +297% |
| 2021 | $31.9 | $66.2 | +108% |
| 2022 | $66.2 | $67.5 | +1.9% |
| 2023 | $67.5 | $43.7 | -35% |
| 2024 | $43.7 | $35.0 | -20% |
| 2025 | $35.0 | $54.3 | +55% |
| 2026 YTD | $54.3 | $32.7 | -40% |
CALX has the edge over ASTS on returns for 2026, with the stronger performance.