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Side-by-side financial comparison of Allegion (ALLE) 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 $1.0B, roughly 1.2× Allegion). Allegion runs the higher net margin — 13.4% vs 4.1%, a 9.2% gap on every dollar of revenue. Over the past eight quarters, CIENA CORP's revenue compounded faster (3.9% CAGR vs 3.5%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
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).
ALLE vs CIEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.2B |
| Net Profit | $138.1M | $50.3M |
| Gross Margin | 44.0% | 41.3% |
| Operating Margin | 18.9% | 6.0% |
| Net Margin | 13.4% | 4.1% |
| Revenue YoY | 9.7% | — |
| Net Profit YoY | -6.8% | — |
| 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.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $941.9M | $1.1B | ||
| Q4 24 | $945.6M | $1.1B | ||
| Q3 24 | $967.1M | $942.3M | ||
| Q2 24 | $965.6M | $910.8M |
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | — | ||
| Q3 25 | $188.4M | $50.3M | ||
| Q2 25 | $159.7M | $9.0M | ||
| Q1 25 | $148.2M | $44.6M | ||
| Q4 24 | $144.1M | $37.0M | ||
| Q3 24 | $174.2M | $14.2M | ||
| Q2 24 | $155.4M | $-16.8M |
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | 41.3% | ||
| Q2 25 | 45.6% | 40.2% | ||
| Q1 25 | 44.9% | 44.0% | ||
| Q4 24 | 44.1% | 40.9% | ||
| Q3 24 | 44.7% | 42.9% | ||
| Q2 24 | 44.4% | 42.7% |
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 21.8% | 6.0% | ||
| Q2 25 | 21.5% | 2.9% | ||
| Q1 25 | 20.9% | 7.5% | ||
| Q4 24 | 19.5% | 5.3% | ||
| Q3 24 | 22.2% | 2.8% | ||
| Q2 24 | 21.6% | -0.4% |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | — | ||
| Q3 25 | 17.6% | 4.1% | ||
| Q2 25 | 15.6% | 0.8% | ||
| Q1 25 | 15.7% | 4.2% | ||
| Q4 24 | 15.2% | 3.3% | ||
| Q3 24 | 18.0% | 1.5% | ||
| Q2 24 | 16.1% | -1.8% |
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | — | ||
| Q3 25 | $2.18 | $0.35 | ||
| Q2 25 | $1.85 | $0.06 | ||
| Q1 25 | $1.71 | $0.31 | ||
| Q4 24 | $1.65 | $0.26 | ||
| Q3 24 | $1.99 | $0.10 | ||
| Q2 24 | $1.77 | $-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 | $308.9M | $1.3B |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.1B | $2.8B |
| Total Assets | $5.3B | $5.7B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | — | ||
| Q3 25 | $302.7M | $1.3B | ||
| Q2 25 | $656.8M | $1.3B | ||
| Q1 25 | $494.5M | $1.2B | ||
| Q4 24 | $503.8M | $1.3B | ||
| Q3 24 | $878.9M | $1.1B | ||
| Q2 24 | $747.5M | $1.3B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.9B | $2.8B | ||
| Q2 25 | $1.8B | $2.8B | ||
| Q1 25 | $1.6B | $2.8B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.6B | $2.9B | ||
| Q2 24 | $1.4B | $2.9B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $5.7B | ||
| Q2 25 | $4.9B | $5.7B | ||
| Q1 25 | $4.6B | $5.6B | ||
| Q4 24 | $4.5B | $5.6B | ||
| Q3 24 | $5.0B | $5.6B | ||
| Q2 24 | $4.8B | $5.6B |
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — |
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 | $101.3M | $174.3M |
| Free Cash FlowOCF − Capex | — | $134.6M |
| FCF MarginFCF / Revenue | — | 11.0% |
| Capex IntensityCapex / Revenue | 2.0% | 3.3% |
| Cash ConversionOCF / Net Profit | 0.73× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $605.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | — | ||
| Q3 25 | $229.5M | $174.3M | ||
| Q2 25 | $209.7M | $156.9M | ||
| Q1 25 | $104.5M | $103.7M | ||
| Q4 24 | $219.0M | $349.4M | ||
| Q3 24 | $231.9M | $-159.4M | ||
| Q2 24 | $173.0M | $58.5M |
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | — | ||
| Q3 25 | $209.8M | $134.6M | ||
| Q2 25 | $192.0M | $128.2M | ||
| Q1 25 | $83.4M | $76.8M | ||
| Q4 24 | $194.9M | $265.8M | ||
| Q3 24 | $212.0M | $-179.0M | ||
| Q2 24 | $152.1M | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | — | ||
| Q3 25 | 19.6% | 11.0% | ||
| Q2 25 | 18.8% | 11.4% | ||
| Q1 25 | 8.9% | 7.2% | ||
| Q4 24 | 20.6% | 23.6% | ||
| Q3 24 | 21.9% | -19.0% | ||
| Q2 24 | 15.8% | 4.6% |
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 1.8% | 3.3% | ||
| Q2 25 | 1.7% | 2.6% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 2.5% | 7.4% | ||
| Q3 24 | 2.1% | 2.1% | ||
| Q2 24 | 2.2% | 1.9% |
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | 3.47× | ||
| Q2 25 | 1.31× | 17.50× | ||
| Q1 25 | 0.71× | 2.33× | ||
| Q4 24 | 1.52× | 9.44× | ||
| Q3 24 | 1.33× | -11.20× | ||
| Q2 24 | 1.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
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% |
