CLSCelestica Inc.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.0×).
Operating profit is fully backed by cash.
A balanced mix of margins, efficiency, and leverage. ROE 41% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CLS?
Celestica Inc. earns 39% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 30 points above what the capital costs: growth creates value
- Operating margin
- 8.8%
Operating margin · Electronic Components median 7.9% · 12 months to Q2 2026
- Cash conversion
- 0.98×
Cash conversion · 0.94× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.26%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2022 | 4.0% |
| FY2023 | 4.3% |
| FY2024 | 6.2% |
| FY2025 | 8.4% |
Details›
- Gross margin12 months to Q2 2026
- 12%
- Operating margin12 months to Q2 2026
- 8.8%
- Net margin12 months to Q2 2026
- 7.2%
- Free cash flow margin
- 3.3%
- R&D as % of revenue
- 0.99%
- Revenue, trailing twelve months
- $15.6B
- Free cash flow, trailing twelve months
- $519M
- Net income, trailing twelve months
- $1.12B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 39%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from CLS and who it buys from, as the companies report it.
- Top 10 customers79%
Combined share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; CLS’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.
Electronic Components
Ranks #1 of 25 by RyuScore