Tearsheet

Celestica (CLS)

Market Price (12/4/2025): $306.8 | Market Cap: $35.3 Bil
Sector: Information Technology | Industry: Electronic Components

Celestica (CLS)

Market Price (12/4/2025): $306.8
Market Cap: $35.3 Bil
Sector: Information Technology
Industry: Electronic Components

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22%	Stock price has recently run up significantly 6M Rtn6 month market price return is 157%, 12M Rtn12 month market price return is 245%
1	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, and Telecom Infrastructure.	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 177%

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 22%
1	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, and Telecom Infrastructure.
2	Stock price has recently run up significantly 6M Rtn6 month market price return is 157%, 12M Rtn12 month market price return is 245%
3	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 177%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$306.80	$92.30	$29.28	$11.27	$11.13
Market Cap CYE ($ Bil)	35.3	10.7	3.5	1.4	1.4
Total Debt ($ Bil)	0.8	0.8	0.7	0.8	0.8
Total Cash ($ Bil)	0.3	0.4	0.4	0.4	0.4
Enterprise Value ($ Bil)	35.8	11.5	4.2	2.2	2.2
Valuation Ratios
P/S TTM	2.5	1.1	0.4	0.2	0.2
P/EBIT TTM	30.5	18.7	9.1	4.8	8.4
P/E TTM	39.3	25.5	14.4	7.7	13.6
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$306.80	$92.30	$29.28
Market Cap CYE ($ Bil)	35.3	10.7	3.5
Total Debt ($ Bil)	0.8	0.8	0.7
Total Cash ($ Bil)	0.3	0.4	0.4
Enterprise Value ($ Bil)	35.8	11.5	4.2
Valuation Ratios
P/S TTM	2.5	1.1	0.4
P/EBIT TTM	30.5	18.7	9.1
P/E TTM	39.3	25.5	14.4
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	CLS	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	11.3
Rev Chg Q	27.8%	7.1%
Rev Chg LTM	22.1%	6.1%
Rev Chg 3Y Avg	18.9%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	1.0
CFO LTM ($ Bil)	0.6
Net Inc LTM ($ Bil)	0.7
Op Mgn LTM	8.5%	18.8%
CFO/Rev LTM	4.9%	20.5%
Net Inc Mgn	6.4%	13.1%
VALUATION	HIGH
P/S	2.5	3.2
P/CFO	51.0	15.8
P/FCF	70.8	20.5
P/E	39.3	23.5
STABILITY	GOOD
Debt/Equity	0.03	0.20
Cash/Assets	0.05	0.07

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Metric	Value	Date	Source
Revenue from Top Two Customers	Two customers contribute 31% and 13% of total revenue	10282025	Link
Connectivity & Cloud Solutions (CCS) Segment Revenue	2,410,000,000	9302025	Link
Advanced Technology Solutions (ATS) Segment Revenue	781,000,000	9302025	Link
Market Share in Custom Ethernet Switch Solutions	55%	10282025	Link
Market Share in Ethernet Switches (200G+)	41%	10282025	Link
800Gbps-based Ports Shipped	1,600,000	3312025	Link
Hyperscalers as a Percentage of CCS Revenue	77%	10282025	Link

Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -

CLS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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**1. Strong Financial Performance and Exceeding Guidance**

Celestica reported very strong financial results for Q3 2025, with revenue reaching $3.19 billion, an increase of 28% compared to Q3 2024. Adjusted Earnings Per Share (EPS) were $1.58, up 52% year-over-year, both exceeding the high end of guidance ranges. The company also achieved a record adjusted operating margin of 7.6% in Q3 2025. **2. Raised Annual Outlooks for 2025 and 2026**

Driven by robust performance, Celestica increased its 2025 annual revenue outlook to $12.2 billion and its adjusted EPS outlook to $5.90. Furthermore, the company provided a strong 2026 annual outlook, projecting revenue of $16.0 billion and adjusted EPS of $8.20, reflecting continued positive momentum. **3. Robust Demand in Connectivity & Cloud Solutions (CCS) Segment and AI Investments**

The Connectivity & Cloud Solutions (CCS) segment experienced very strong growth, with revenue increasing 43% compared to Q3 2024. This growth was largely driven by significant investments from hyperscale customers in AI data center infrastructure and new AI program awards, including 1.6T program wins. **4. Positive Analyst Sentiment and Price Target Increases**

During this period, numerous investment analysts issued positive reports, upgrading ratings and/or significantly increasing their price targets for Celestica's stock. This led to a consensus rating of "Moderate Buy" or "Strong Buy" among analysts, indicating high confidence in the company's future performance. **5. Strong Revenue and EPS Growth in Prior Periods**

Celestica demonstrated consistent strong growth leading up to this period, with full-year 2024 non-GAAP adjusted EPS growing 58% year-over-year. This consistent performance and positive trajectory set a strong foundation for continued investor confidence.

Stock Movement Drivers

Fundamental Drivers

The 45.6% change in CLS stock from 9/3/2025 to 12/3/2025 was primarily driven by a 24.9% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	211.87	308.41	45.57%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10587.20	11281.70	6.56%
Net Income Margin (%)	5.09%	6.35%	24.92%
P/E Multiple	45.29	49.49	9.26%
Shares Outstanding (Mil)	115.10	115.00	0.09%
Cumulative Contribution			45.57%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
CLS	45.6%
Market (SPY)	6.2%	56.4%
Sector (XLK)	11.0%	67.8%

Fundamental Drivers

The 157.2% change in CLS stock from 6/4/2025 to 12/3/2025 was primarily driven by a 51.7% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	119.90	308.41	157.22%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10085.70	11281.70	11.86%
Net Income Margin (%)	4.19%	6.35%	51.69%
P/E Multiple	32.90	49.49	50.42%
Shares Outstanding (Mil)	115.90	115.00	0.78%
Cumulative Contribution			157.21%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
CLS	157.2%
Market (SPY)	15.1%	49.9%
Sector (XLK)	22.7%	62.8%

Fundamental Drivers

The 244.9% change in CLS stock from 12/3/2024 to 12/3/2025 was primarily driven by a 68.7% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	89.42	308.41	244.90%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9240.80	11281.70	22.09%
Net Income Margin (%)	3.90%	6.35%	62.93%
P/E Multiple	29.34	49.49	68.69%
Shares Outstanding (Mil)	118.20	115.00	2.71%
Cumulative Contribution			244.65%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
CLS	244.9%
Market (SPY)	14.3%	56.3%
Sector (XLK)	23.1%	67.7%

Fundamental Drivers

The 2651.2% change in CLS stock from 12/4/2022 to 12/3/2025 was primarily driven by a 384.1% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	11.21	308.41	2651.20%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	6719.50	11281.70	67.89%
Net Income Margin (%)	2.01%	6.35%	216.20%
P/E Multiple	10.22	49.49	384.13%
Shares Outstanding (Mil)	123.10	115.00	6.58%
Cumulative Contribution			2639.29%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
CLS	1048.2%
Market (SPY)	53.2%	56.5%
Sector (XLK)	60.2%	66.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CLS Return	-2%	38%	1%	160%	215%	230%	3579%
Peers Return	11%	19%	31%	44%	47%	79%	557%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
CLS Win Rate	58%	67%	50%	67%	75%	70%
Peers Win Rate	47%	64%	44%	53%	72%	67%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
CLS Max Drawdown	-66%	-12%	-26%	-6%	-6%	-28%
Peers Max Drawdown	-46%	-4%	-16%	-9%	-5%	-22%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GLW, BELFA, BLTG, EIL, APH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	CLS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-35.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	55.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	109 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-69.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	223.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	327 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-57.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	136.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1393 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-73.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	276.1%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	190 days	1480 days

Compare to GLW, BELFA, BLTG, EIL, APH

In The Past

Celestica's stock fell -35.6% during the 2022 Inflation Shock from a high on 2/1/2022. A -35.6% loss requires a 55.2% gain to breakeven.

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About Celestica (CLS)

Celestica Inc. provides hardware platform and supply chain solutions in North America, Europe, and Asia. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services. It also provides enterprise-level data communications and information processing infrastructure products, such as routers, switches, data center interconnects, edge solutions, servers, and storage-related products; capacitors, microprocessors, resistors, and memory modules; and power inverters, energy storage products, smart meters, and other electronic componentry products. The company serves aerospace and defense, industrial, energy, healthtech, capital equipment, original equipment manufacturers, cloud-based, and other service providers, including hyperscalers, and other companies in a range of industries. Celestica Inc. was incorporated in 1994 and is headquartered in Toronto, Canada.

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Here are 1-3 brief analogies to describe Celestica (CLS):

Celestica is like Foxconn, but specializing in manufacturing electronics for industrial, enterprise, and medical companies instead of primarily consumer gadgets.
Celestica is like Magna International, but for electronic components and systems across diverse industries like aerospace, healthcare, and capital equipment.
Celestica is like TSMC, but for assembling complete electronic products and systems for various brands, rather than just manufacturing semiconductor chips.

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Design & Engineering Services: Provides product design, development, prototyping, and testing services for electronic products across various industries.
Electronics Manufacturing Services (EMS): Offers comprehensive manufacturing solutions including printed circuit board assembly (PCBA), system assembly, integration, and final product testing.
Supply Chain Management: Manages global supply chains for customers, encompassing strategic sourcing, procurement, logistics, and inventory management.
Aftermarket Services: Delivers post-manufacturing support such as product repair, refurbishment, warranty management, and recycling solutions.
Joint Design & Manufacturing (JDM): Collaborates with customers on product design and then manufactures those products, often taking a more significant role in the initial product definition and architecture.

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Celestica (symbol: CLS) primarily sells its services and solutions to other companies (B2B) rather than directly to individuals. As an electronics manufacturing services (EMS) provider, Celestica partners with Original Equipment Manufacturers (OEMs) and other companies across various industries to design, manufacture, and provide supply chain solutions for their electronic products.

Celestica generally does not publicly disclose the specific names of its major customer companies due to confidentiality agreements and competitive reasons. Therefore, it is not possible to list individual customer names and their symbols. However, based on their reported market segments, their customer base consists of companies operating in the following key industries:

Aerospace & Defense: Companies producing avionics, satellite systems, defense electronics, and related equipment.
Communications: Providers of telecommunications infrastructure, networking equipment, and other communication technologies.
Enterprise: Manufacturers of servers, storage systems, enterprise computing solutions, and networking hardware.
HealthTech: Companies developing and manufacturing medical devices, diagnostic equipment, and other healthcare technology.
Industrial: Businesses in industrial automation, capital equipment, smart energy, and other industrial applications.

While specific customer names are not disclosed, these categories represent the types of companies that utilize Celestica's expertise and manufacturing capabilities.

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Rob Mionis, President and Chief Executive Officer

Prior to joining Celestica, Rob Mionis was an Operating Partner/Senior Advisor in private equity at Pamplona Capital Management, supporting several companies across various industries including industrial, aerospace, healthcare, and automotive segments. Before his private equity experience, he served as the President and CEO of StandardAero, a large independent global aerospace maintenance, repair, and overhaul company, leading it through significant revenue and profitability growth. He also held senior leadership roles at Honeywell, including the head of the Integrated Supply Chain Organization for Honeywell Aerospace, and earlier in his career, he held operational and service roles at General Electric (GE), AlliedSignal, and Axcelis Technologies.

Mandeep Chawla, Chief Financial Officer

Mandeep Chawla began his career at General Electric and joined Celestica in 2010, holding progressively senior roles before becoming CFO in 2017. Prior to Celestica, he held senior financial management positions at MDS Inc. and Tyco International. He also served as a Director of Sleep Country Canada Holdings Inc.

Yann Etienvre, Chief Operations Officer

As Celestica's Chief Operations Officer, Yann Etienvre is responsible for driving operational excellence, quality, and technology innovation. He joined Celestica from Sensata Technologies, where he served as the Executive Vice President and Chief Supply Chain Officer, leading global operations, sourcing, logistics, and compliance. He has held various leadership roles at Sensata Technologies, IMI plc, GE Healthcare, Montupet, and Renault, with experience across automotive, healthcare, electrification, oil and gas, energy, and appliances market segments.

Todd Cooper, President, Advanced Technology Solutions

Todd Cooper is responsible for the strategy and execution of Celestica's aerospace and defense, capital equipment, healthtech, industrial, and smart energy businesses. Before joining Celestica, Todd led Supply Chain, Procurement, Logistics, and Sustainability value creation efforts at KKR, a leading global investment firm, where he championed operational transformation efforts across KKR's global portfolio companies. Prior to KKR, he was the Vice President of Global Sourcing in Honeywell's Aerospace Division. He also held various management roles at Storage Technology Corporation, McKinsey & Company, and served as a Captain in the U.S. Army.

Jason Phillips, President, Connectivity and Cloud Solutions

Jason Phillips is responsible for strategy development, deployment, and execution for Celestica's enterprise and communications portfolio, overseeing all aspects of the Connectivity & Cloud Solutions business and operations. In his previous role at Celestica, he served as Senior Vice President, Enterprise and Cloud Solutions.

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The accelerating trend among original equipment manufacturers (OEMs) towards establishing more regionalized and highly automated manufacturing facilities, either in-house or through partnerships with specialized, technology-first regional providers. This shift is driven by a desire for enhanced supply chain resilience, proximity to end markets, and the increasing viability of automation over low-cost labor. Such a paradigm shift could reduce the demand for large-scale, globally distributed electronics manufacturing services (EMS) companies like Celestica, as OEMs may choose to bypass traditional global EMS providers for certain product lines or regions, opting instead for agile, automated, and localized production.

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Celestica operates in two main segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The addressable markets for some of their key offerings are as follows:

Connectivity & Cloud Solutions (CCS)

Cloud Services Market: The global cloud services market was valued at approximately USD 618.04 billion in 2024 and is projected to reach around USD 2,726.94 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 16.00% from 2025 to 2034. In North America, the market was approximately USD 259.58 billion in 2024 and is expanding at a CAGR of 16.14% during the forecast period. The U.S. cloud services market alone was approximately USD 181.70 billion in 2024 and is projected to be around USD 817.06 billion by 2034, with a CAGR of 16.22% from 2025 to 2034.
Public Cloud Market (Hyperscaler IaaS and PaaS): The global public cloud market reached USD 157 billion in 2021 and is projected to reach USD 2 trillion in the foreseeable future (10-20 years).
AI Infrastructure Market: The global AI infrastructure market alone could reach nearly USD 500 billion by 2034.
Cloud Connectivity Market: The global cloud connectivity market size was valued at USD 18.7 billion in 2024 and is forecasted to reach USD 62.4 billion by 2033, growing at a CAGR of 14.2% during the forecast period. North America holds the largest market share in the global cloud connectivity market, accounting for approximately 38% of total revenue in 2024.
Cloud Managed Networking Market: The global cloud managed networking market size was valued at USD 22.8 billion in 2023 and is poised to grow from USD 25.26 billion in 2024 to USD 57.38 billion by 2032, growing at a CAGR of 10.8%.
Multi Cloud Networking Market: The global multi-cloud networking market size was valued at USD 3.11 billion in 2024 and is anticipated to reach USD 16.83 billion by 2032, at a CAGR of 23.5% during the forecast period. North America leads this market with the largest share.

Advanced Technology Solutions (ATS)

HealthTech Market: The global HealthTech market size was valued at USD 908.5 billion in 2023 and is projected to reach USD 3,140.9 billion by 2033, growing at a CAGR of 13.1% from 2024 to 2033. Another estimate indicates the global HealthTech market size is expected to reach USD 2,556.39 billion by 2032, rising at a market growth of 12.6% CAGR. North America held the largest market share in 2023 and recorded 39% of the revenue share in 2024 for the HealthTech market.
For the remaining sub-segments within Celestica's Advanced Technology Solutions (which include Aerospace & Defense, Industrial, Energy, and Capital Equipment businesses), specific addressable market sizes for their manufacturing and supply chain services are not readily available in the provided search results.

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Here are the expected drivers of future revenue growth for Celestica (CLS) over the next 2-3 years:

Surging Demand for AI Data Center Hardware and Networking Solutions: Celestica anticipates robust growth from the expanding artificial intelligence (AI) infrastructure market. This includes strong demand for AI data center technologies, particularly within its Connectivity & Cloud Solutions (CCS) segment, which is benefiting from significant customer forecasts and new AI program awards.
Leadership in Advanced Networking Technologies: The company is strategically positioned to capitalize on its leadership in the 800G networking transition and early successes with 1.6T networking technology. These advancements are expected to contribute significantly to future revenue as hyperscale data centers upgrade their infrastructure.
Increased Demand from Hyperscaler Customers: Celestica's CCS segment continues to experience very strong demand from its hyperscaler customers, which are large cloud service providers. These customers are engaged in substantial capital expenditure cycles to expand their data centers, driving demand for Celestica's networking switches and other hardware platform solutions.
Expansion to New "Digital Native" Customers: Celestica expects to enhance its top-line growth through the acquisition of new "digital native" customers, which analysts suggest could add 20-30% to the company's revenue.

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Share Repurchases

Celestica secured approval for a new normal course issuer bid (NCIB) to repurchase up to 5,722,527 common shares (approximately 5% of its public float as of October 20, 2025), running from November 3, 2025, to November 2, 2026.
Under a prior program, Celestica repurchased 1,522,831 shares at an average price of US$92.26 per share as of October 20, 2025.
In Q1 2025, Celestica executed a $75.0 million share repurchase program, acquiring 0.6 million common shares, and in Q2 2025, it repurchased an additional $40.0 million (0.6 million shares), bringing the year-to-date total to $115 million. In 2024, Celestica repurchased 3.2 million common shares for $152.0 million.

Outbound Investments

In September 2021, Celestica acquired PCI Limited for $306 million in cash, aiming to expand capabilities in key markets and strengthen geographic positioning.
In April 2024, the company completed the acquisition of NCS for $39.6 million.

Capital Expenditures

Capital expenditures in Q1 2024 were $40.4 million, primarily focused on enhancing manufacturing capabilities and supporting new customer programs, with approximately two-thirds related to the Connectivity & Cloud Solutions (CCS) segment.
In Q2 2025, capital expenditures were $33 million, representing 1.1% of revenue.
Celestica expects to make capital expenditure investments in 2025 to support customer demand in key geographies and accommodate increased volume, particularly for AI data center platforms. Anticipated capital expenditures for 2025 are between 1.5% and 2.0% of the projected $10.85 billion revenue.

Better Bets than Celestica (CLS)

	CLS	Better Performance than CLS
Metric	Value	INDUSTRY: Electronic Components
Rev Chg LTM	22.1%	APH (47.4%), KULR (35.8%), OUST (30.2%), BELFA (23.7%), LYTS (22.3%)
Rev Chg 3Y Avg	18.9%	KULR (105.4%), OUST (49.2%), REFR (34.2%), MPTI (21.9%), APH (20.7%)
Op Mgn LTM	8.5%	APH (24.6%), LFUS (13.9%), GLW (13.4%), BDC (11.2%), COHR (10.1%)
CFO/Rev LTM	4.9%	APH (21.5%), LFUS (19.6%), GLW (15.2%), BDC (13.9%), COHR (8.7%)
FCF/Rev LTM	3.5%	APH (17.0%), LFUS (16.4%), KN (14.3%), BDC (8.0%), GLW (7.8%)
Total Yield	2.5%	BDC (4.9%), BELFA (4.7%), GLW (3.4%), APH (3.1%), LFUS (2.9%)
P/S	2.5	VSH (0.7), ALNT (1.4), BDC (1.8), ROG (1.8), BELFA (2.3)
P/Op Inc	29.7	BELFA (15.8), BDC (16.0), LFUS (20.0), COHR (27.7), APH (29.3)

	CLS	Better Performance than CLS
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	22.1%	NVDA (71.6%), MU (48.9%), PLTR (47.2%), AMD (31.8%), AVGO (28.0%)
Rev Chg 3Y Avg	18.9%	NVDA (92.0%), APP (36.0%), PLTR (29.3%), AVGO (24.0%), MU (20.3%)
Op Mgn LTM	8.5%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	4.9%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	3.5%	PLTR (46.0%), NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%)
Total Yield	2.5%	CSCO (6.0%), IBM (5.4%), MSFT (3.4%), AAPL (3.0%), ORCL (2.8%)
P/S	2.5	HPE (0.8), DELL (0.8), CTSH (1.6), SNDK (2.1), ACN (2.2)
P/Op Inc	29.7	MU (19.1), CSCO (22.0), IBM (22.8), MSFT (28.3), AAPL (29.1)

	CLS	Better Performance than CLS
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	22.1%	LLY (36.8%), WELL (32.6%), COF (25.4%), SCHW (22.3%), ISRG (22.2%)
Rev Chg 3Y Avg	18.9%	LLY (23.4%), WELL (20.9%), PGR (20.0%), BRK-B (19.8%), UBER (19.6%)
Op Mgn LTM	8.5%	META (43.2%), LLY (43.0%), GOOGL (32.2%), XOM (11.4%), AMZN (11.4%)
CFO/Rev LTM	4.9%	META (56.8%), GOOGL (39.3%), AMZN (18.1%), TSLA (16.5%), BRK-B (9.8%)
FCF/Rev LTM	3.5%	META (23.7%), GOOGL (19.1%), XOM (8.8%), TSLA (7.1%), BRK-B (4.8%)
Total Yield	2.5%	BRK-B (6.2%), GOOGL (4.6%), META (3.5%), AMZN (3.0%), LLY (2.7%)
P/S	2.5	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), HD (2.2)
P/Op Inc	29.7	XOM (12.4), META (22.6), GOOGL (23.7), WMT (26.9), MA (29.3)

		Best Bets In Information Technology Sector
	CLS
What You Pay
P/E	39.5
P/EBIT	30.7
What You Get
Rev Chg Q	27.8%
Rev Chg LTM	22.1%
Rev Chg 3Y Avg	18.9%
FCF/Rev 3Y Avg	2.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Between Amphenol and Celestica, Which Stock Looks Set to Break Out?	Counter-Intuitive Comparisons
2	Better Bet Than Celestica Stock: COHR Delivers More	Actionable
3	Can Celestica Stock Recover If Markets Fall?	Return
4	Stacking Up CLS Against Its Peers - Is It Still a Buy?
5	CLS Dip Buy Analysis
6	Celestica (CLS) Valuation Ratios Comparison	Financials
7	Celestica Total Shareholder Return (TSR): 215.2% in 2024 and 102.4% 3-yr compounded annual returns (above peer average)
8	Celestica Stock Surges 13% In A Single Week, Wait For A Dip To Buy The Stock	Buy or Fear
9	Celestica (CLS) Operating Cash Flow Comparison	Financials
10	Celestica (CLS) Net Income Comparison	Financials
11	ARTICLES
12	Amphenol or Celestica: Which Stock Has More Upside?		November 13th, 2025
13	Mid Cap Stocks Trading At 52-Week High		October 31st, 2025
14	Better Value & Growth: COHR Leads Celestica Stock		October 29th, 2025
15	Amphenol vs Celestica: Which Is the Stronger Buy Today?		October 28th, 2025
16	Mid Cap Stocks Trading At 52-Week High		October 24th, 2025

	Title
0	DASHBOARDS
1	Between Amphenol and Celestica, Which Stock Looks Set to Break Out?
2	Better Bet Than Celestica Stock: COHR Delivers More
3	Can Celestica Stock Recover If Markets Fall?
4	Stacking Up CLS Against Its Peers - Is It Still a Buy?
5	CLS Dip Buy Analysis
6	Celestica (CLS) Valuation Ratios Comparison
7	Celestica Total Shareholder Return (TSR): 215.2% in 2024 and 102.4% 3-yr compounded annual returns (above peer average)
8	Celestica Stock Surges 13% In A Single Week, Wait For A Dip To Buy The Stock
9	Celestica (CLS) Operating Cash Flow Comparison
10	Celestica (CLS) Net Income Comparison
11	ARTICLES
12	Amphenol or Celestica: Which Stock Has More Upside?
13	Mid Cap Stocks Trading At 52-Week High
14	Better Value & Growth: COHR Leads Celestica Stock
15	Amphenol vs Celestica: Which Is the Stronger Buy Today?
16	Mid Cap Stocks Trading At 52-Week High

Trade Ideas

Select past ideas related to CLS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Celestica

Peers to compare with:

Financials

	CLS	GLW	BELFA	BLTG	EIL	APH	Median
Name	Celestica	Corning	Bel Fuse	Boundless	E I L	Amphenol
Mkt Price	308.41	83.55	139.34	-	-	138.65	139.00
Mkt Cap	35.5	71.5	1.8	-	-	169.4	53.5
Rev LTM	11,282	14,915	649	-	-	20,974	13,098
Op Inc LTM	954	2,000	93	-	-	5,168	1,477
FCF LTM	398	1,162	45	-	-	3,557	780
FCF 3Y Avg	263	865	71	-	-	2,609	564
CFO LTM	552	2,266	59	-	-	4,500	1,409
CFO 3Y Avg	408	2,068	83	-	-	3,234	1,238

Growth & Margins

	CLS	GLW	BELFA	BLTG	EIL	APH	Median
Name	Celestica	Corning	Bel Fuse	Boundless	E I L	Amphenol
Rev Chg LTM	22.1%	18.3%	23.7%	-	-	47.4%	22.9%
Rev Chg 3Y Avg	18.9%	1.7%	2.7%	-	-	20.7%	10.8%
Rev Chg Q	27.8%	20.9%	44.8%	-	-	53.4%	36.3%
QoQ Delta Rev Chg LTM	6.6%	5.0%	9.3%	-	-	11.5%	7.9%
Op Mgn LTM	8.5%	13.4%	14.4%	-	-	24.6%	13.9%
Op Mgn 3Y Avg	6.2%	8.9%	14.3%	-	-	22.2%	11.6%
QoQ Delta Op Mgn LTM	1.2%	1.4%	1.7%	-	-	1.6%	1.5%
CFO/Rev LTM	4.9%	15.2%	9.1%	-	-	21.5%	12.2%
CFO/Rev 3Y Avg	4.2%	15.3%	13.8%	-	-	20.1%	14.6%
FCF/Rev LTM	3.5%	7.8%	6.9%	-	-	17.0%	7.3%
FCF/Rev 3Y Avg	2.7%	6.4%	11.7%	-	-	16.3%	9.0%

Valuation

	CLS	GLW	BELFA	BLTG	EIL	APH	Median
Name	Celestica	Corning	Bel Fuse	Boundless	E I L	Amphenol
Mkt Cap	35.5	71.5	1.8	-	-	169.4	53.5
P/S	2.5	4.7	2.3	-	-	7.2	3.6
P/EBIT	30.7	32.9	13.7	-	-	29.3	30.0
P/E	39.5	51.4	22.6	-	-	39.6	39.6
P/CFO	51.3	31.0	24.8	-	-	33.6	32.3
Total Yield	2.5%	3.4%	4.7%	-	-	3.1%	3.2%
Dividend Yield	0.0%	1.4%	0.2%	-	-	0.5%	0.4%
FCF Yield 3Y Avg	3.7%	2.0%	7.9%	-	-	3.1%	3.4%
D/E	0.0	0.1	0.2	-	-	0.1	0.1
Net D/E	0.0	0.1	0.1	-	-	0.0	0.1

Returns

	CLS	GLW	BELFA	BLTG	EIL	APH	Median
Name	Celestica	Corning	Bel Fuse	Boundless	E I L	Amphenol
1M Rtn	-11.6%	-4.2%	0.1%	-	-	-2.0%	-3.1%
3M Rtn	45.6%	20.9%	18.9%	-	-	25.4%	23.2%
6M Rtn	157.2%	65.8%	111.7%	-	-	51.3%	88.7%
12M Rtn	244.9%	73.2%	37.2%	-	-	91.1%	82.1%
3Y Rtn	2,651.2%	167.0%	314.8%	-	-	253.3%	284.0%
1M Excs Rtn	-11.6%	-4.2%	0.1%	-	-	-2.0%	-3.1%
3M Excs Rtn	34.0%	14.9%	12.2%	-	-	17.8%	16.3%
6M Excs Rtn	142.5%	51.1%	96.9%	-	-	36.6%	74.0%
12M Excs Rtn	248.3%	61.4%	31.0%	-	-	78.8%	70.1%
3Y Excs Rtn	2,641.2%	101.4%	235.5%	-	-	193.2%	214.3%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/27/2025	3/3/2025	3/11/2024	3/13/2023	3/14/2022	3/15/2021	3/16/2020
Key Financials
Total Revenue	11,282	9,646	7,961	7,250	5,635	5,748	5,888
EBITDA	1,086	736	516	407	294	253	285
Operating Income	954	619	350	296	178	151	95
Net Income	717	428	244	180	104	61	70
EPS	6.20	3.62	2.03	1.46	0.82	0.47	0.54
Growth Rates
Total Revenue Growth	22.1%	21.2%	9.8%	28.7%	-2.0%	-2.4%	-11.2%
EBITDA Growth	73.0%	42.8%	26.8%	38.3%	16.4%	-11.3%	45.7%
Operating Income Growth	96.3%	76.6%	18.4%	66.3%	17.6%	58.9%	-43.0%
Net Income Growth	98.9%	75.1%	35.7%	73.3%	71.5%	-13.8%	-28.9%
Margins
EBITDA Margin	9.6%	7.6%	6.5%	5.6%	5.2%	4.4%	4.8%
Operating Income Margin	8.5%	6.4%	4.4%	4.1%	3.2%	2.6%	1.6%
Net Income Margin	6.4%	4.4%	3.1%	2.5%	1.8%	1.1%	1.2%
Cash & Debt
Total Cash	306	423	370	374	394	464	480
Total Debt	784	797	675	786	794	586	699
Net Debt / (Cash)	478	373	305	412	400	122	219
Cash Flows
Net Cash from Operations	552	474	326	211	227	240	345
Free Cash from Operations	398	303	201	102	175	187	264
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	143	152	36	35	36	0	67

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/27/2025	7/28/2025	4/24/2025	3/3/2025	10/23/2024	7/25/2024	4/25/2024	3/11/2024	10/26/2023	7/27/2023	4/27/2023	3/13/2023
Key Financials Quarterly
Total Revenue	3,194	2,893	2,649	2,546	2,500	2,392	2,209	2,140	2,043	1,939	1,838	2,043
Ebitda	364	316	165	241	174	165	155	133	157	128	98	119
Operating Income	330	287	133	205	139	144	131	72	123	91	64	110
Net Income	268	211	86	152	90	95	92	84	80	56	25	77
EPS	2.33	1.83	0.74	1.30	0.76	0.80	0.77	0.71	0.67	0.46	0.20	0.35
Key Financials TTM
Total Revenue TTM	11,282	10,587	10,086	9,646	9,241	8,785	8,332	7,961	7,863	7,743	7,521	7,250
Ebitda TTM	1,086	897	746	736	628	610	573	515	502	458	430	408
Operating Income TTM	954	763	621	619	486	470	417	350	389	346	315	296
Net Income TTM	717	538	422	428	360	351	312	244	237	203	183	180
Growth Rates Quarterly
Total Revenue Growth	27.8%	21.0%	19.9%	18.9%	22.3%	23.3%	20.2%	4.8%	6.2%	12.9%	17.3%	35.1%
EBITDA Growth	108.6%	91.1%	6.4%	81.4%	11.1%	29.7%	58.5%	11.6%	37.9%	29.3%	27.7%	40.9%
Operating Income Growth	137.3%	98.8%	1.6%	183.9%	13.0%	58.2%	104.1%	-34.7%	53.8%	51.7%	41.0%	92.7%
Net Income Growth	199.2%	122.1%	-6.1%	80.6%	11.6%	71.2%	271.7%	9.1%	75.5%	55.9%	13.3%	141.4%
Margins Quarterly
EBITDA Margin	11.4%	10.9%	6.2%	9.5%	7.0%	6.9%	7.0%	6.2%	7.7%	6.6%	5.3%	5.8%
Operating Income Margin	10.3%	9.9%	5.0%	8.0%	5.6%	6.0%	5.9%	3.4%	6.0%	4.7%	3.5%	5.4%
Net Income Margin	8.4%	7.3%	3.3%	6.0%	3.6%	4.0%	4.2%	3.9%	3.9%	2.9%	1.3%	3.8%
Cash & Debt
Total Cash	306	314	303	423	398	434	308	370	353	361	319	374
Total Debt	784	875	942	797	941	952	833	675	790	783	775	786
Net Debt / (Cash)	478	561	639	373	543	518	525	305	437	423	457	412
Cash Flows Quarterly
FCF from Operations	126	152	130	143	123	100	108	35	88	130	72	14
Cash Flows TTM
FCF from Operations TTM	552	549	496	474	366	331	362	326	305	291	248	211
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	40	78	26	100	10	16	10	-0	15	11	12
Return on Invested Capital (ROIC) Quarterly
ROIC	52.5%	42.0%	17.3%	25.2%	14.2%	16.9%	15.8%	8.2%	13.1%	10.0%	5.3%	11.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	36.3%	26.8%	20.8%	19.1%	13.9%	13.7%	12.1%	9.8%	10.1%	8.7%	7.4%	7.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Connectivity & Cloud Solutions (CCS)	4,641	4,271	3,320	3,662	3,603
Advanced Technology Solutions (ATS)	3,320	2,979	2,315	2,086	2,286
Total	7,961	7,250	5,635	5,748	5,888

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Connectivity & Cloud Solutions (CCS)	287	217	129	129	94
Advanced Technology Solutions (ATS)	155	141	105	70	64
Foreign currency forward contracts transitional adjustments	1
Total Return Swap (TRS) Fair Value Adjustments (FVA):losses(gains)	0	0
Restructuring and other charges, net of recoveries	-12
Amortization of intangible assets (excluding computer software)	-37	-37	-22	-22	-25
Employee Stock-Based Compensation (SBC) expense	-56	-51	-33	-26	-34
Other charges, net of recoveries		-7	-10	-24	50
Total	338	263	168	128	149

Price Behavior

Price Behavior

Market Price	$308.41
Market Cap ($ Bil)	35.5
First Trading Date	06/30/1998
Distance from 52W High	-12.5%
	50 Days	200 Days
DMA Price	$292.40	$177.02
DMA Trend	up	up
Distance from DMA	5.5%	74.2%
	3M	1YR
Volatility	75.7%	78.2%
Downside Capture	293.42	200.17
Upside Capture	389.67	299.03
Correlation (SPY)	57.0%	56.2%

CLS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	5.05	3.73	3.34	2.95	2.21	2.06
Up Beta	6.90	4.18	4.08	3.68	1.83	1.92
Down Beta	10.89	3.36	3.44	3.30	2.48	2.20
Up Capture	395%	630%	607%	654%	1153%	8267%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	25	40	77	145	427
Down Capture	352%	273%	202%	143%	139%	109%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	16	22	47	102	318

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of CLS With Other Asset Classes (Last 1Y)
	CLS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	270.9%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	77.9%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	2.03	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		67.6%	56.3%	10.4%	28.4%	21.3%	27.8%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of CLS With Other Asset Classes (Last 5Y)
	CLS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	107.6%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	53.3%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	1.58	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		57.6%	53.9%	11.5%	20.3%	29.5%	22.2%

Based On 10-Year Data

		Comparison of CLS With Other Asset Classes (Last 10Y)
	CLS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	39.2%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	47.7%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.88	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		51.1%	51.5%	8.4%	23.6%	35.7%	17.6%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	3,389,445
Short Interest: % Change Since 10312025	0.1%
Average Daily Volume	3,101,646
Days-to-Cover Short Interest	1.09
Basic Shares Quantity	115,000,000
Short % of Basic Shares	2.9%

Returns Analyses

	Title
0	Can Celestica Stock Recover If Markets Fall?

SEC Filings

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Report Date	Filing Date	Filing
9302025	10272025	10-Q 9/30/2025
6302025	7282025	10-Q 6/30/2025
3312025	4242025	10-Q 3/31/2025
12312024	3032025	10-K 12/31/2024
9302024	10232024	6-K 9/30/2024
6302024	7252024	6-K 6/30/2024
3312024	4252024	6-K 3/31/2024
12312023	3112024	20-F 12/31/2023
9302023	10262023	6-K 9/30/2023
6302023	7272023	6-K 6/30/2023
3312023	4272023	6-K 3/31/2023
12312022	3132023	20-F 12/31/2022
9302022	10252022	6-K 9/30/2022
6302022	7262022	6-K 6/30/2022
3312022	4282022	6-K 3/31/2022
12312021	3142022	20-F 12/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	KOELLNER LAURETTE T		10302025	Buy	339.68	700	237,776	237,776	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Celestica (CLS)

Market Price (12/4/2025): $306.8 | Market Cap: $35.3 BilSector: Information Technology | Industry: Electronic Components

Celestica (CLS)

Market Price (12/4/2025): $306.8Market Cap: $35.3 BilSector: Information TechnologyIndustry: Electronic Components

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Market Price (12/4/2025): $306.8 | Market Cap: $35.3 Bil
Sector: Information Technology | Industry: Electronic Components

Market Price (12/4/2025): $306.8
Market Cap: $35.3 Bil
Sector: Information Technology
Industry: Electronic Components