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Side-by-side financial comparison of Grupo Aeromexico, S.A.B. de C.V. (AERO) and CIENA CORP (CIEN). Click either name above to swap in a different company.

Grupo Aeromexico, S.A.B. de C.V. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× CIENA CORP). Grupo Aeromexico, S.A.B. de C.V. runs the higher net margin — 11.5% vs 4.1%, a 7.3% gap on every dollar of revenue.

Grupo Aeromexico is Mexico's flagship airline holding company, offering domestic and international passenger and cargo air transport services. It operates a wide route network covering North America, South America, Europe and Asia, serving leisure and business travel segments with a modern commercial aircraft fleet.

Ciena Corporation is an American optical networking systems and software company based in Hanover, Maryland. The company has been described as a vital player in optical connectivity. The company reported revenues of $4.8 billion and more than 9,000 employees, as of November 2025. Gary Smith serves as president and chief executive officer (CEO).

AERO vs CIEN — Head-to-Head

Bigger by revenue
AERO
AERO
1.2× larger
AERO
$1.4B
$1.2B
CIEN
Higher net margin
AERO
AERO
7.3% more per $
AERO
11.5%
4.1%
CIEN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AERO
AERO
CIEN
CIEN
Revenue
$1.4B
$1.2B
Net Profit
$165.0M
$50.3M
Gross Margin
41.3%
Operating Margin
21.1%
6.0%
Net Margin
11.5%
4.1%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AERO
AERO
CIEN
CIEN
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$942.3M
Q2 24
$910.8M
Q1 24
$1.0B
Net Profit
AERO
AERO
CIEN
CIEN
Q4 25
$165.0M
Q3 25
$50.3M
Q2 25
$9.0M
Q1 25
$44.6M
Q4 24
$37.0M
Q3 24
$14.2M
Q2 24
$-16.8M
Q1 24
$49.5M
Gross Margin
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
41.3%
Q2 25
40.2%
Q1 25
44.0%
Q4 24
40.9%
Q3 24
42.9%
Q2 24
42.7%
Q1 24
45.0%
Operating Margin
AERO
AERO
CIEN
CIEN
Q4 25
21.1%
Q3 25
6.0%
Q2 25
2.9%
Q1 25
7.5%
Q4 24
5.3%
Q3 24
2.8%
Q2 24
-0.4%
Q1 24
8.2%
Net Margin
AERO
AERO
CIEN
CIEN
Q4 25
11.5%
Q3 25
4.1%
Q2 25
0.8%
Q1 25
4.2%
Q4 24
3.3%
Q3 24
1.5%
Q2 24
-1.8%
Q1 24
4.8%
EPS (diluted)
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
$0.35
Q2 25
$0.06
Q1 25
$0.31
Q4 24
$0.26
Q3 24
$0.10
Q2 24
$-0.12
Q1 24
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AERO
AERO
CIEN
CIEN
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.8B
Total Assets
$5.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.1B
Q2 24
$1.3B
Q1 24
$1.4B
Stockholders' Equity
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
$2.8B
Q2 25
$2.8B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.9B
Total Assets
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
$5.7B
Q2 25
$5.7B
Q1 25
$5.6B
Q4 24
$5.6B
Q3 24
$5.6B
Q2 24
$5.6B
Q1 24
$5.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AERO
AERO
CIEN
CIEN
Operating Cash FlowLast quarter
$174.3M
Free Cash FlowOCF − Capex
$134.6M
FCF MarginFCF / Revenue
11.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters
$605.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
$174.3M
Q2 25
$156.9M
Q1 25
$103.7M
Q4 24
$349.4M
Q3 24
$-159.4M
Q2 24
$58.5M
Q1 24
$266.1M
Free Cash Flow
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
$134.6M
Q2 25
$128.2M
Q1 25
$76.8M
Q4 24
$265.8M
Q3 24
$-179.0M
Q2 24
$41.6M
Q1 24
$249.5M
FCF Margin
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
11.0%
Q2 25
11.4%
Q1 25
7.2%
Q4 24
23.6%
Q3 24
-19.0%
Q2 24
4.6%
Q1 24
24.0%
Capex Intensity
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
3.3%
Q2 25
2.6%
Q1 25
2.5%
Q4 24
7.4%
Q3 24
2.1%
Q2 24
1.9%
Q1 24
1.6%
Cash Conversion
AERO
AERO
CIEN
CIEN
Q4 25
Q3 25
3.47×
Q2 25
17.50×
Q1 25
2.33×
Q4 24
9.44×
Q3 24
-11.20×
Q2 24
Q1 24
5.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AERO
AERO

Passenger$1.3B91%
Air Cargo$82.0M6%
Other$52.0M4%

CIEN
CIEN

Optical Networking$815.5M67%
Routing And Switching$125.9M10%
Platform Softwareand Services Segment$90.0M7%
Maintenance Support And Training$80.7M7%
Installation And Deployment$65.9M5%
Blue Planet Automation Softwareand Services Segment$27.8M2%
Consulting And Network Design$13.6M1%

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