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Side-by-side financial comparison of BrightView Holdings, Inc. (BV) 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 $614.7M, roughly 2.0× BrightView Holdings, Inc.). CIENA CORP runs the higher net margin — 4.1% vs -2.5%, a 6.6% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $-18.6M). Over the past eight quarters, CIENA CORP's revenue compounded faster (3.9% CAGR vs -4.4%).

BrightView Holdings, Inc. is a leading US commercial landscaping services provider. It offers solutions including landscape design, installation, maintenance, irrigation management, and snow and ice removal, serving corporate campuses, retail centers, residential communities, and public sector properties.

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).

BV vs CIEN — Head-to-Head

Bigger by revenue
CIEN
CIEN
2.0× larger
CIEN
$1.2B
$614.7M
BV
Higher net margin
CIEN
CIEN
6.6% more per $
CIEN
4.1%
-2.5%
BV
More free cash flow
CIEN
CIEN
$153.2M more FCF
CIEN
$134.6M
$-18.6M
BV
Faster 2-yr revenue CAGR
CIEN
CIEN
Annualised
CIEN
3.9%
-4.4%
BV

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
BV
BV
CIEN
CIEN
Revenue
$614.7M
$1.2B
Net Profit
$-15.2M
$50.3M
Gross Margin
18.6%
41.3%
Operating Margin
-1.2%
6.0%
Net Margin
-2.5%
4.1%
Revenue YoY
2.6%
Net Profit YoY
-46.2%
EPS (diluted)
$-0.26
$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
BV
BV
CIEN
CIEN
Q4 25
$614.7M
Q3 25
$702.7M
$1.2B
Q2 25
$708.3M
$1.1B
Q1 25
$662.6M
$1.1B
Q4 24
$599.2M
$1.1B
Q3 24
$728.7M
$942.3M
Q2 24
$738.8M
$910.8M
Q1 24
$672.9M
$1.0B
Net Profit
BV
BV
CIEN
CIEN
Q4 25
$-15.2M
Q3 25
$27.7M
$50.3M
Q2 25
$32.3M
$9.0M
Q1 25
$6.4M
$44.6M
Q4 24
$-10.4M
$37.0M
Q3 24
$25.6M
$14.2M
Q2 24
$23.5M
$-16.8M
Q1 24
$33.7M
$49.5M
Gross Margin
BV
BV
CIEN
CIEN
Q4 25
18.6%
Q3 25
25.1%
41.3%
Q2 25
24.1%
40.2%
Q1 25
22.3%
44.0%
Q4 24
21.2%
40.9%
Q3 24
25.0%
42.9%
Q2 24
24.0%
42.7%
Q1 24
22.6%
45.0%
Operating Margin
BV
BV
CIEN
CIEN
Q4 25
-1.2%
Q3 25
7.9%
6.0%
Q2 25
8.1%
2.9%
Q1 25
3.4%
7.5%
Q4 24
-0.1%
5.3%
Q3 24
7.1%
2.8%
Q2 24
6.6%
-0.4%
Q1 24
9.2%
8.2%
Net Margin
BV
BV
CIEN
CIEN
Q4 25
-2.5%
Q3 25
3.9%
4.1%
Q2 25
4.6%
0.8%
Q1 25
1.0%
4.2%
Q4 24
-1.7%
3.3%
Q3 24
3.5%
1.5%
Q2 24
3.2%
-1.8%
Q1 24
5.0%
4.8%
EPS (diluted)
BV
BV
CIEN
CIEN
Q4 25
$-0.26
Q3 25
$0.21
$0.35
Q2 25
$0.15
$0.06
Q1 25
$-0.03
$0.31
Q4 24
$-0.20
$0.26
Q3 24
$0.20
$0.10
Q2 24
$0.10
$-0.12
Q1 24
$0.17
$0.34

Balance Sheet & Financial Strength

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

Metric
BV
BV
CIEN
CIEN
Cash + ST InvestmentsLiquidity on hand
$37.0M
$1.3B
Total DebtLower is stronger
$801.1M
Stockholders' EquityBook value
$1.3B
$2.8B
Total Assets
$3.3B
$5.7B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BV
BV
CIEN
CIEN
Q4 25
$37.0M
Q3 25
$74.5M
$1.3B
Q2 25
$79.1M
$1.3B
Q1 25
$141.3M
$1.2B
Q4 24
$98.3M
$1.3B
Q3 24
$140.4M
$1.1B
Q2 24
$115.9M
$1.3B
Q1 24
$177.3M
$1.4B
Total Debt
BV
BV
CIEN
CIEN
Q4 25
$801.1M
Q3 25
$790.2M
Q2 25
$790.7M
Q1 25
$798.9M
Q4 24
$796.5M
Q3 24
$802.5M
Q2 24
Q1 24
Stockholders' Equity
BV
BV
CIEN
CIEN
Q4 25
$1.3B
Q3 25
$1.3B
$2.8B
Q2 25
$1.3B
$2.8B
Q1 25
$1.3B
$2.8B
Q4 24
$1.3B
$2.8B
Q3 24
$1.3B
$2.9B
Q2 24
$1.3B
$2.9B
Q1 24
$1.2B
$2.9B
Total Assets
BV
BV
CIEN
CIEN
Q4 25
$3.3B
Q3 25
$3.4B
$5.7B
Q2 25
$3.4B
$5.7B
Q1 25
$3.3B
$5.6B
Q4 24
$3.3B
$5.6B
Q3 24
$3.4B
$5.6B
Q2 24
$3.4B
$5.6B
Q1 24
$3.4B
$5.6B
Debt / Equity
BV
BV
CIEN
CIEN
Q4 25
0.64×
Q3 25
0.61×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.63×
Q3 24
0.63×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BV
BV
CIEN
CIEN
Operating Cash FlowLast quarter
$36.1M
$174.3M
Free Cash FlowOCF − Capex
$-18.6M
$134.6M
FCF MarginFCF / Revenue
-3.0%
11.0%
Capex IntensityCapex / Revenue
8.9%
3.3%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters
$17.2M
$605.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BV
BV
CIEN
CIEN
Q4 25
$36.1M
Q3 25
$84.4M
$174.3M
Q2 25
$55.7M
$156.9M
Q1 25
$91.2M
$103.7M
Q4 24
$60.5M
$349.4M
Q3 24
$53.5M
$-159.4M
Q2 24
$42.6M
$58.5M
Q1 24
$83.3M
$266.1M
Free Cash Flow
BV
BV
CIEN
CIEN
Q4 25
$-18.6M
Q3 25
$26.0M
$134.6M
Q2 25
$-47.8M
$128.2M
Q1 25
$57.6M
$76.8M
Q4 24
$1.8M
$265.8M
Q3 24
$21.1M
$-179.0M
Q2 24
$19.3M
$41.6M
Q1 24
$70.7M
$249.5M
FCF Margin
BV
BV
CIEN
CIEN
Q4 25
-3.0%
Q3 25
3.7%
11.0%
Q2 25
-6.7%
11.4%
Q1 25
8.7%
7.2%
Q4 24
0.3%
23.6%
Q3 24
2.9%
-19.0%
Q2 24
2.6%
4.6%
Q1 24
10.5%
24.0%
Capex Intensity
BV
BV
CIEN
CIEN
Q4 25
8.9%
Q3 25
8.3%
3.3%
Q2 25
14.6%
2.6%
Q1 25
5.1%
2.5%
Q4 24
9.8%
7.4%
Q3 24
4.4%
2.1%
Q2 24
3.2%
1.9%
Q1 24
1.9%
1.6%
Cash Conversion
BV
BV
CIEN
CIEN
Q4 25
Q3 25
3.05×
3.47×
Q2 25
1.72×
17.50×
Q1 25
14.25×
2.33×
Q4 24
9.44×
Q3 24
2.09×
-11.20×
Q2 24
1.81×
Q1 24
2.47×
5.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BV
BV

Landscape Maintenance$368.0M60%
Development Services Segment$179.2M29%
Snow Removal$68.4M11%

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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