Celestica Inc.CLS
NYSE•Technology•Electronic Components
Celestica Inc., together with its subsidiaries, provides supply chain solutions in Asia, North America, and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity and Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, mechanical assembly, systems integration, precision machining, logistics, asset management, product licensing, and after-market repair and return services. It also provides hardware platform solutions, which includes development of infrastructure platforms, and hardware and software design solutions and services, including open-source software that can be used as-is or customized for specific applications; and management of program, including design and supply chain, manufacturing, and after-market support, including IT asset disposition and asset management services. The company offers its products and services to original equipment manufacturers, and cloud-based and other service providers, including hyperscalers, and other companies in aerospace and defense, industrial, HealthTech, capital equipment, communications, and enterprise markets. The company has a strategic collaboration with Advanced Micro Devices, Inc. for the development of Helios, a rack-scale AI platform. The company was incorporated in 1994 and is headquartered in Toronto, Canada.
Celestica, Inc. (CLS) reported trailing twelve months revenue of $13.79B as of March 2026, a Infinity% increase year-over-year. Quarterly revenue reached $4.05B, reflecting continued top-line momentum.
Celestica, Inc. generated $958.60M in TTM net income, with quarterly EBITDA of $311.70M. The operating margin expanded from 4.9% to 6.7%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (6.7%) and net margin (5.2%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 3.3% a year ago, signaling stronger bottom-line efficiency.
CLS trades at a P/E of 30.8x (a premium multiple) and a P/S of 2.1x. The price-to-book ratio of 14.1x indicates a significant premium over book value.
The company generated $126.80M in free cash flow over the trailing twelve months, a 35.5% increase year-over-year, indicating cash generation ability. The balance sheet shows $8.26B in total assets with $746.50M in long-term debt against $2.10B in stockholders equity for a debt-to-equity ratio of 0.4, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 6 quarters of fundamental data
Operating margins are positive at ~7.7% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 44.1% suggests a durable competitive advantage and efficient capital allocation.
6 of the last 6 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 6 quarters
Margins are stable or improving at ~8.7% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.4 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.7% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation