CLS Technology

Celestica Inc.

$259.94+4.30%

Price as of close on Nov 3, 2026 · Financials updated Nov 2, 2026

Basics

Sector: Technology
Industry: Electronic Components
Country: Canada
Market cap: 32.8B USD
Enterprise value: 35.2B USD
Full-time employees: 23,803

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.34 vs a peer median of 0.87) and less short-term liquidity (current ratio 1.23 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.34 vs peers 0.87) and less liquidity (current ratio 1.23 vs peers 1.83)
About average: valuation

Ranks #319 of 1,612 technology companies (top 20%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $183M vs $341M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Celestica recorded $183M of stock-based pay expense and spent $341M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Celestica recorded $183M of stock-based pay expense and spent $341M repurchasing shares.
Profit isn't fully turning into cash. Free cash flow is only 46% of reported profit.
Free cash flow is only 46% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Operating margin at a 6-year high. 8.4% in 2025, the best of the last 6 years.
Celestica kept 8.4% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Profits growing faster than sales. Since 2022: revenue +71%, operating profit +260%.
Since 2022, Celestica's revenue grew 71% while operating profit grew 260%: each extra dollar of sales is adding more profit.

StockQuotient Score

66/ 100▲ 1 since Oct 27 close

Oct 5 63 → Nov 4 66 (+3)

Valuation

Is the price right?

55/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Helped by:

▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.7%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported value30% base weight · Z-score 0.66Sector median: 0.0225 · MAD: 0.0225

EBITDA yield5.2%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported value50% base weight · Z-score 0.27Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield1.7%

SEC filings (IFRS mapped) · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.37Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield8.3%

SEC filings (IFRS mapped) · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

93/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 13.1%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth107.4%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported value33% base weight · Z-score 3.16Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth19.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score 1.86Sector median: 0.0483 · MAD: 0.0793

Revenue growth47.3%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported value33% base weight · Z-score 3.81Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

87/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin8.8%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported value33% base weight · Z-score 0.35Sector median: 0.0631 · MAD: 0.0710

Return on assets11.4%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported value33% base weight · Z-score 2.34Sector median: 0.0293 · MAD: 0.0362

Return on invested capital39.3%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported value33% base weight · Z-score 3.79Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin12.0%

SEC filings (IFRS mapped) · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity45.0%

SEC filings (IFRS mapped) · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 26 → 28

Company's reported figures updated+2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.34

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.28Sector median: 0.8710 · MAD: 0.3700

Current ratio1.23×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.88Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.33×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.34Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Celestica

Is Celestica getting weaker?: Its latest SEC filing (Jul 27, 2026) showed no major changes. Its overall score is 66/100, up 1 since Oct 28, 2026.
How is Celestica valued vs its peers?: Priced about in line with its peers. Valuation scores 55/100 against 1,711 technology peers. Earnings yield 3.7% vs a peer median of 2.2% (stronger than 65% of peers).Earnings yield 3.7% vs peers 2.2% (stronger than 65% of peers).
Is Celestica growing?: Yes, faster than most of its peers. Growth scores 93/100 against 1,711 technology peers. Revenue growth 47.3% vs a peer median of 8.5% (stronger than 93% of peers).Revenue growth 47.3% vs peers 8.5% (stronger than 93% of peers).
How profitable is Celestica?: More profitable than most of its peers. Profitability scores 87/100 against 1,711 technology peers. Return on invested capital 39.3% vs a peer median of 6.8% (stronger than 92% of peers).Return on invested capital 39.3% vs peers 6.8% (stronger than 92% of peers).
How risky is Celestica?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 1.23× vs a peer median of 1.83× (weaker than 78% of peers).Current ratio 1.23× vs peers 1.83× (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 27, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	13.8B USD	15.6B USD	+13.1%
Net income (12 months)	958.6M USD	1.1B USD	+16.5%
Operating margin	8.6%	8.8%	+0.2 pts
Free cash flow (12 months)	491.5M USD	518.7M USD	+5.5%
Debt	772.4M USD	810.4M USD	+4.9%
Cash	378.0M USD	535.7M USD	+41.7%
Shares outstanding	115.0M	115.0M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	8.6%	9.0%	9.5%	10.7%	12.1%	▲ 1.3 pts
Operating margin	3.0%	4.0%	4.2%	6.2%	8.4%	▲ 2.2 pts
Net margin	1.8%	2.5%	3.1%	4.4%	6.7%	▲ 2.3 pts
Return on assets (ROA)	2.2%	3.2%	4.1%	7.1%	11.5%	▲ 4.4 pts
Return on equity (ROE)	7.1%	10.7%	13.8%	22.6%	37.6%	▲ 15 pts
Free cash flow margin	3.1%	1.4%	2.5%	3.1%	3.7%	▲ 0.6 pts
Current ratio	1.52×	1.42×	1.40×	1.49×	1.44×	▼ 3.6%
Quick ratio	0.77×	0.65×	0.75×	0.91×	0.88×	▼ 2.9%
Debt to equity	0.00×	—	0.38×	0.42×	0.35×	▼ 17%
Interest coverage	5.29×	5.60×	4.29×	11.50×	19.79×	▲ 72%

CLS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.34 vs a peer median of 0.87) and less short-term liquidity (current ratio 1.23 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.34 vs peers 0.87) and less liquidity (current ratio 1.23 vs peers 1.83)

About average: valuation

Ranks #319 of 1,612 technology companies (top 20%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $183M vs $341M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Celestica recorded $183M of stock-based pay expense and spent $341M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Celestica recorded $183M of stock-based pay expense and spent $341M repurchasing shares.

Profit isn't fully turning into cash. Free cash flow is only 46% of reported profit.

Free cash flow is only 46% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Operating margin at a 6-year high. 8.4% in 2025, the best of the last 6 years.

Celestica kept 8.4% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Profits growing faster than sales. Since 2022: revenue +71%, operating profit +260%.

Since 2022, Celestica's revenue grew 71% while operating profit grew 260%: each extra dollar of sales is adding more profit.

Questions investors ask about Celestica

Is Celestica getting weaker?

Its latest SEC filing (Jul 27, 2026) showed no major changes. Its overall score is 66/100, up 1 since Oct 28, 2026.

How is Celestica valued vs its peers?

Priced about in line with its peers. Valuation scores 55/100 against 1,711 technology peers. Earnings yield 3.7% vs a peer median of 2.2% (stronger than 65% of peers).Earnings yield 3.7% vs peers 2.2% (stronger than 65% of peers).

Is Celestica growing?

Yes, faster than most of its peers. Growth scores 93/100 against 1,711 technology peers. Revenue growth 47.3% vs a peer median of 8.5% (stronger than 93% of peers).Revenue growth 47.3% vs peers 8.5% (stronger than 93% of peers).

How profitable is Celestica?

More profitable than most of its peers. Profitability scores 87/100 against 1,711 technology peers. Return on invested capital 39.3% vs a peer median of 6.8% (stronger than 92% of peers).Return on invested capital 39.3% vs peers 6.8% (stronger than 92% of peers).

How risky is Celestica?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 1.23× vs a peer median of 1.83× (weaker than 78% of peers).Current ratio 1.23× vs peers 1.83× (weaker than 78% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

13.8B USD

15.6B USD

+13.1%

Net income (12 months)

958.6M USD

1.1B USD

+16.5%

Operating margin

8.6%

8.8%

+0.2 pts

Free cash flow (12 months)

491.5M USD

518.7M USD

+5.5%

Debt

772.4M USD

810.4M USD

+4.9%

Cash

378.0M USD

535.7M USD

+41.7%

Shares outstanding

115.0M

115.0M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

8.6%

9.0%

9.5%

10.7%

12.1%

▲ 1.3 pts

Operating margin

3.0%

4.0%

4.2%

6.2%

8.4%

▲ 2.2 pts

Net margin

1.8%

2.5%

3.1%

4.4%

6.7%

▲ 2.3 pts

Return on assets (ROA)

2.2%

3.2%

4.1%

7.1%

11.5%

▲ 4.4 pts

Return on equity (ROE)

7.1%

10.7%

13.8%

22.6%

37.6%

▲ 15 pts

Free cash flow margin

3.1%

1.4%

2.5%

3.1%

3.7%

▲ 0.6 pts

Current ratio

1.52×

1.42×

1.40×

1.49×

1.44×

▼ 3.6%

Quick ratio

0.77×

0.65×

0.75×

0.91×

0.88×

▼ 2.9%

Debt to equity

0.00×

—

0.38×

0.42×

0.35×

▼ 17%

Interest coverage

5.29×

5.60×

4.29×

11.50×

19.79×

▲ 72%