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Side-by-side financial comparison of Aptiv (APTV) and CIENA CORP (CIEN). Click either name above to swap in a different company.
Aptiv is the larger business by last-quarter revenue ($5.2B vs $1.2B, roughly 4.2× CIENA CORP). CIENA CORP runs the higher net margin — 4.1% vs 2.7%, a 1.4% gap on every dollar of revenue. Aptiv produced more free cash flow last quarter ($651.0M vs $134.6M). Over the past eight quarters, CIENA CORP's revenue compounded faster (3.9% CAGR vs 2.5%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
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).
APTV vs CIEN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $1.2B |
| Net Profit | $138.0M | $50.3M |
| Gross Margin | 18.7% | 41.3% |
| Operating Margin | 8.2% | 6.0% |
| Net Margin | 2.7% | 4.1% |
| Revenue YoY | 5.0% | — |
| Net Profit YoY | -48.5% | — |
| EPS (diluted) | $0.63 | $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.
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $1.2B | ||
| Q2 25 | $5.2B | $1.1B | ||
| Q1 25 | $4.8B | $1.1B | ||
| Q4 24 | $4.9B | $1.1B | ||
| Q3 24 | $4.9B | $942.3M | ||
| Q2 24 | $5.1B | $910.8M | ||
| Q1 24 | $4.9B | $1.0B |
| Q4 25 | $138.0M | — | ||
| Q3 25 | $-355.0M | $50.3M | ||
| Q2 25 | $393.0M | $9.0M | ||
| Q1 25 | $-11.0M | $44.6M | ||
| Q4 24 | $268.0M | $37.0M | ||
| Q3 24 | $363.0M | $14.2M | ||
| Q2 24 | $938.0M | $-16.8M | ||
| Q1 24 | $218.0M | $49.5M |
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | 41.3% | ||
| Q2 25 | 19.1% | 40.2% | ||
| Q1 25 | 19.1% | 44.0% | ||
| Q4 24 | 19.6% | 40.9% | ||
| Q3 24 | 18.6% | 42.9% | ||
| Q2 24 | 19.2% | 42.7% | ||
| Q1 24 | 17.9% | 45.0% |
| Q4 25 | 8.2% | — | ||
| Q3 25 | -3.4% | 6.0% | ||
| Q2 25 | 9.3% | 2.9% | ||
| Q1 25 | 9.3% | 7.5% | ||
| Q4 24 | 9.8% | 5.3% | ||
| Q3 24 | 10.4% | 2.8% | ||
| Q2 24 | 8.7% | -0.4% | ||
| Q1 24 | 8.5% | 8.2% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | -6.8% | 4.1% | ||
| Q2 25 | 7.5% | 0.8% | ||
| Q1 25 | -0.2% | 4.2% | ||
| Q4 24 | 5.5% | 3.3% | ||
| Q3 24 | 7.5% | 1.5% | ||
| Q2 24 | 18.6% | -1.8% | ||
| Q1 24 | 4.4% | 4.8% |
| Q4 25 | $0.63 | — | ||
| Q3 25 | $-1.63 | $0.35 | ||
| Q2 25 | $1.80 | $0.06 | ||
| Q1 25 | $-0.05 | $0.31 | ||
| Q4 24 | $1.22 | $0.26 | ||
| Q3 24 | $1.48 | $0.10 | ||
| Q2 24 | $3.47 | $-0.12 | ||
| Q1 24 | $0.79 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $1.3B |
| Total DebtLower is stronger | $7.5B | — |
| Stockholders' EquityBook value | $9.2B | $2.8B |
| Total Assets | $23.4B | $5.7B |
| Debt / EquityLower = less leverage | 0.81× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $941.0M | $1.4B |
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
| Q4 25 | $9.2B | — | ||
| Q3 25 | $9.3B | $2.8B | ||
| Q2 25 | $9.7B | $2.8B | ||
| Q1 25 | $9.0B | $2.8B | ||
| Q4 24 | $8.8B | $2.8B | ||
| Q3 24 | $8.9B | $2.9B | ||
| Q2 24 | $11.5B | $2.9B | ||
| Q1 24 | $11.1B | $2.9B |
| Q4 25 | $23.4B | — | ||
| Q3 25 | $23.5B | $5.7B | ||
| Q2 25 | $23.9B | $5.7B | ||
| Q1 25 | $23.1B | $5.6B | ||
| Q4 24 | $23.5B | $5.6B | ||
| Q3 24 | $24.8B | $5.6B | ||
| Q2 24 | $24.8B | $5.6B | ||
| Q1 24 | $23.6B | $5.6B |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.42× | — |
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 | $818.0M | $174.3M |
| Free Cash FlowOCF − Capex | $651.0M | $134.6M |
| FCF MarginFCF / Revenue | 12.6% | 11.0% |
| Capex IntensityCapex / Revenue | 3.2% | 3.3% |
| Cash ConversionOCF / Net Profit | 5.93× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $605.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | — | ||
| Q3 25 | $584.0M | $174.3M | ||
| Q2 25 | $510.0M | $156.9M | ||
| Q1 25 | $273.0M | $103.7M | ||
| Q4 24 | $1.1B | $349.4M | ||
| Q3 24 | $499.0M | $-159.4M | ||
| Q2 24 | $643.0M | $58.5M | ||
| Q1 24 | $244.0M | $266.1M |
| Q4 25 | $651.0M | — | ||
| Q3 25 | $441.0M | $134.6M | ||
| Q2 25 | $361.0M | $128.2M | ||
| Q1 25 | $76.0M | $76.8M | ||
| Q4 24 | $894.0M | $265.8M | ||
| Q3 24 | $326.0M | $-179.0M | ||
| Q2 24 | $417.0M | $41.6M | ||
| Q1 24 | $-21.0M | $249.5M |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 8.5% | 11.0% | ||
| Q2 25 | 6.9% | 11.4% | ||
| Q1 25 | 1.6% | 7.2% | ||
| Q4 24 | 18.2% | 23.6% | ||
| Q3 24 | 6.7% | -19.0% | ||
| Q2 24 | 8.3% | 4.6% | ||
| Q1 24 | -0.4% | 24.0% |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | 3.3% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 4.1% | 2.5% | ||
| Q4 24 | 3.4% | 7.4% | ||
| Q3 24 | 3.6% | 2.1% | ||
| Q2 24 | 4.5% | 1.9% | ||
| Q1 24 | 5.4% | 1.6% |
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 3.47× | ||
| Q2 25 | 1.30× | 17.50× | ||
| Q1 25 | — | 2.33× | ||
| Q4 24 | 3.96× | 9.44× | ||
| Q3 24 | 1.37× | -11.20× | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 1.12× | 5.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
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% |
