Celestica (CLS) financial statements
Celestica reported revenue of $12.4B in fiscal 2025, up 8.4% a year over 9 years.
Net income was $832M and the operating margin 8.4%, against 2.6% in 2016.
Free cash flow was $458M, and the company returned $153M in net buybacks.
The diluted share count fell 19% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Celestica's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.0B | $6.1B | $6.6B | $5.9B | $5.7B | $5.6B | $7.2B | $8.0B | $9.6B | $12.4B |
| Cost of revenue | $5.6B | $5.7B | $6.2B | $5.5B | $5.3B | $5.1B | $6.6B | $7.2B | $8.6B | $10.9B |
| Gross profit | $430M | $418M | $430M | $385M | $438M | $487M | $650M | $754M | $1.0B | $1.5B |
| Research and development | $25M | $26M | $29M | $28M | $30M | $38M | $46M | $61M | $78M | $118M |
| Selling, general and admin | $211M | $203M | $219M | $227M | $231M | $245M | $267M | $303M | $294M | $260M |
| Operating income | $159M | $143M | $106M | $149M | $128M | $168M | $289M | $338M | $599M | $1.0B |
| Interest expense | $10M | $10M | $24M | $50M | $38M | $32M | $52M | $79M | $52M | $53M |
| Pre-tax income | $163M | $133M | $82M | $100M | $90M | $136M | $239M | $306M | $532M | $983M |
| Income tax | $25M | $28M | -$17M | $30M | $30M | $32M | $59M | $62M | $104M | $151M |
| Net income | $138M | $106M | $99M | $70M | $61M | $104M | $180M | $244M | $428M | $832M |
| EPS (diluted) | $0.96 | $0.73 | $0.70 | $0.53 | $0.47 | $0.82 | $1.46 | $2.03 | $3.61 | $7.16 |
| Diluted shares | 144M | 145M | 141M | 132M | 129M | 127M | 124M | 120M | 119M | 116M |
| Gross margin | 7.1% | 6.8% | 6.5% | 6.5% | 7.6% | 8.6% | 9.0% | 9.5% | 10.7% | 12.1% |
| Operating margin | 2.6% | 2.3% | 1.6% | 2.5% | 2.2% | 3.0% | 4.0% | 4.2% | 6.2% | 8.4% |
| Net margin | 2.3% | 1.7% | 1.5% | 1.2% | 1.1% | 1.8% | 2.5% | 3.1% | 4.4% | 6.7% |
Balance sheet
Fiscal years, from Celestica's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $557M | $515M | $422M | $480M | $464M | $394M | $374M | $370M | $423M | $596M |
| Receivables | $790M | $1.0B | $1.2B | $1.1B | $1.1B | $1.3B | $1.4B | $1.8B | — | — |
| Inventory | $891M | $824M | $1.1B | $992M | $1.1B | $1.7B | $2.4B | $2.1B | $1.8B | $2.2B |
| Total current assets | $2.3B | $2.5B | $2.8B | $2.6B | $2.7B | $3.4B | $4.3B | $4.5B | $4.5B | $5.7B |
| Property, plant and equipment | $303M | $324M | $365M | $355M | $332M | $339M | $372M | $524M | $537M | $586M |
| Goodwill | $23M | $23M | $198M | $198M | $199M | $324M | $322M | $322M | $340M | $333M |
| Total assets | $2.8B | $3.0B | $3.7B | $3.6B | $3.7B | $4.7B | $5.6B | $5.9B | $6.0B | $7.2B |
| Total current liabilities | $1.2B | $1.3B | $1.6B | $1.5B | $1.6B | $2.3B | $3.1B | $3.2B | $3.0B | $3.9B |
| Long-term debt | — | — | — | — | — | — | — | $648M | $770M | $750M |
| Total liabilities | $1.6B | $1.6B | $2.4B | $2.2B | $2.3B | $3.2B | $4.0B | $4.1B | $4.1B | $5.0B |
| Shareholders' equity | $1.2B | $1.4B | $1.3B | $1.4B | $1.4B | $1.5B | $1.7B | $1.8B | $1.9B | $2.2B |
| Net debt | -$557M | -$515M | -$422M | -$480M | -$464M | -$394M | -$374M | $278M | $347M | $155M |
Cash flow
Fiscal years, from Celestica's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $173M | $127M | $33M | $345M | $240M | $227M | $211M | $326M | $474M | $660M |
| Capital spending | $64M | $103M | $82M | $80M | $53M | $52M | $109M | $125M | $171M | $201M |
| Free cash flow | $109M | $24M | -$49M | $264M | $187M | $175M | $102M | $201M | $303M | $458M |
| Stock-based compensation | $33M | $30M | $33M | $34M | $26M | $33M | $51M | $56M | $57M | $70M |
| Share buybacks (net) | -$18M | -$17M | -$22M | -$9M | -$19M | -$54M | -$35M | -$36M | -$152M | -$153M |
| Net borrowing | -$35M | -$40M | — | — | $0 | — | — | — | — | — |
| Free cash flow margin | 1.8% | 0.4% | -0.7% | 4.5% | 3.2% | 3.1% | 1.4% | 2.5% | 3.1% | 3.7% |
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Open CLS in InvestinglyQuestions
What was Celestica's revenue in 2025?
$12.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Celestica generate?
$458M in fiscal 2025 (operating cash flow minus capital spending).
From Celestica's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.