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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and CIENA CORP (CIEN). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $732.4M, roughly 1.7× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.8% vs 4.1%, a 1.7% gap on every dollar of revenue. Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 3.9%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
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).
ALGT vs CIEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $1.2B |
| Net Profit | $42.5M | $50.3M |
| Gross Margin | — | 41.3% |
| Operating Margin | 11.1% | 6.0% |
| Net Margin | 5.8% | 4.1% |
| Revenue YoY | 4.8% | — |
| Net Profit YoY | 32.4% | — |
| EPS (diluted) | $2.30 | $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.
| Q1 26 | $732.4M | — | ||
| Q4 25 | $595.5M | — | ||
| Q3 25 | $494.1M | $1.2B | ||
| Q2 25 | $617.9M | $1.1B | ||
| Q1 25 | $616.8M | $1.1B | ||
| Q4 24 | $553.6M | $1.1B | ||
| Q3 24 | $489.0M | $942.3M | ||
| Q2 24 | $594.5M | $910.8M |
| Q1 26 | $42.5M | — | ||
| Q4 25 | $31.9M | — | ||
| Q3 25 | $-43.6M | $50.3M | ||
| Q2 25 | $-65.2M | $9.0M | ||
| Q1 25 | $32.1M | $44.6M | ||
| Q4 24 | $-216.2M | $37.0M | ||
| Q3 24 | $-36.8M | $14.2M | ||
| Q2 24 | $13.7M | $-16.8M |
| Q1 26 | — | — | ||
| 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 26 | 11.1% | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | -5.5% | 6.0% | ||
| Q2 25 | -10.9% | 2.9% | ||
| Q1 25 | 10.5% | 7.5% | ||
| Q4 24 | -47.7% | 5.3% | ||
| Q3 24 | -5.4% | 2.8% | ||
| Q2 24 | 5.9% | -0.4% |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | -8.8% | 4.1% | ||
| Q2 25 | -10.5% | 0.8% | ||
| Q1 25 | 5.2% | 4.2% | ||
| Q4 24 | -39.1% | 3.3% | ||
| Q3 24 | -7.5% | 1.5% | ||
| Q2 24 | 2.3% | -1.8% |
| Q1 26 | $2.30 | — | ||
| Q4 25 | $1.82 | — | ||
| Q3 25 | $-2.41 | $0.35 | ||
| Q2 25 | $-3.62 | $0.06 | ||
| Q1 25 | $1.73 | $0.31 | ||
| Q4 24 | $-12.12 | $0.26 | ||
| Q3 24 | $-2.05 | $0.10 | ||
| Q2 24 | $0.75 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | $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.
| Q1 26 | $902.1M | — | ||
| Q4 25 | $805.7M | — | ||
| Q3 25 | $956.7M | $1.3B | ||
| Q2 25 | $842.8M | $1.3B | ||
| Q1 25 | $878.6M | $1.2B | ||
| Q4 24 | $781.1M | $1.3B | ||
| Q3 24 | $759.3M | $1.1B | ||
| Q2 24 | $791.9M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $2.8B | ||
| Q2 25 | $1.1B | $2.8B | ||
| Q1 25 | $1.1B | $2.8B | ||
| Q4 24 | $1.1B | $2.8B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.4B | $5.7B | ||
| Q2 25 | $4.4B | $5.7B | ||
| Q1 25 | $4.5B | $5.6B | ||
| Q4 24 | $4.4B | $5.6B | ||
| Q3 24 | $4.8B | $5.6B | ||
| Q2 24 | $4.9B | $5.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | — | ||
| Q3 25 | $-6.1M | $174.3M | ||
| Q2 25 | $92.2M | $156.9M | ||
| Q1 25 | $191.4M | $103.7M | ||
| Q4 24 | $84.4M | $349.4M | ||
| Q3 24 | $17.3M | $-159.4M | ||
| Q2 24 | $68.9M | $58.5M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | — | ||
| Q3 25 | $-121.7M | $134.6M | ||
| Q2 25 | $-10.5M | $128.2M | ||
| Q1 25 | $116.9M | $76.8M | ||
| Q4 24 | $24.0M | $265.8M | ||
| Q3 24 | $-28.7M | $-179.0M | ||
| Q2 24 | $7.0M | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | -24.6% | 11.0% | ||
| Q2 25 | -1.7% | 11.4% | ||
| Q1 25 | 19.0% | 7.2% | ||
| Q4 24 | 4.3% | 23.6% | ||
| Q3 24 | -5.9% | -19.0% | ||
| Q2 24 | 1.2% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 23.4% | 3.3% | ||
| Q2 25 | 16.6% | 2.6% | ||
| Q1 25 | 12.1% | 2.5% | ||
| Q4 24 | 10.9% | 7.4% | ||
| Q3 24 | 9.4% | 2.1% | ||
| Q2 24 | 10.4% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | 3.47× | ||
| Q2 25 | — | 17.50× | ||
| Q1 25 | 5.96× | 2.33× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | -11.20× | ||
| Q2 24 | 5.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Passenger | $671.8M | 92% |
| Third party products | $42.3M | 6% |
| Fixed fee contracts | $18.1M | 2% |
| Resort and other | $175.0K | 0% |
CIEN
| Optical Networking | $815.5M | 67% |
| Routing And Switching | $125.9M | 10% |
| Platform Softwareand Services Segment | $90.0M | 7% |
| Maintenance Support And Training | $80.7M | 7% |
| Installation And Deployment | $65.9M | 5% |
| Blue Planet Automation Softwareand Services Segment | $27.8M | 2% |
| Consulting And Network Design | $13.6M | 1% |
