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Side-by-side financial comparison of CIENA CORP (CIEN) and CIVITAS RESOURCES, INC. (CIVI). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× CIVITAS RESOURCES, INC.). Over the past eight quarters, CIENA CORP's revenue compounded faster (3.9% CAGR vs 1.8%).
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).
Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.
CIEN vs CIVI — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $50.3M | — |
| Gross Margin | 41.3% | — |
| Operating Margin | 6.0% | 20.0% |
| Net Margin | 4.1% | — |
| Revenue YoY | — | -8.2% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.35 | $1.99 |
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.
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $942.3M | $1.3B | ||
| Q2 24 | $910.8M | $1.3B | ||
| Q1 24 | $1.0B | $1.3B | ||
| Q4 23 | $1.1B | $1.1B |
| 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 | — | ||
| Q4 23 | $91.2M | — |
| 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% | — | ||
| Q4 23 | 43.1% | — |
| Q3 25 | 6.0% | 20.0% | ||
| Q2 25 | 2.9% | 15.3% | ||
| Q1 25 | 7.5% | 20.7% | ||
| Q4 24 | 5.3% | 15.4% | ||
| Q3 24 | 2.8% | 30.6% | ||
| Q2 24 | -0.4% | 21.6% | ||
| Q1 24 | 8.2% | 15.9% | ||
| Q4 23 | 8.1% | 33.6% |
| 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% | — | ||
| Q4 23 | 8.1% | — |
| Q3 25 | $0.35 | $1.99 | ||
| Q2 25 | $0.06 | $1.34 | ||
| Q1 25 | $0.31 | $1.99 | ||
| Q4 24 | $0.26 | $1.56 | ||
| Q3 24 | $0.10 | $3.01 | ||
| Q2 24 | $-0.12 | $2.15 | ||
| Q1 24 | $0.34 | $1.74 | ||
| Q4 23 | $0.62 | $3.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $56.0M |
| Total DebtLower is stronger | — | $5.1B |
| Stockholders' EquityBook value | $2.8B | $6.7B |
| Total Assets | $5.7B | $15.1B |
| Debt / EquityLower = less leverage | — | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.3B | $56.0M | ||
| Q2 25 | $1.3B | $69.0M | ||
| Q1 25 | $1.2B | $20.0M | ||
| Q4 24 | $1.3B | $76.0M | ||
| Q3 24 | $1.1B | $47.1M | ||
| Q2 24 | $1.3B | $91.9M | ||
| Q1 24 | $1.4B | $52.1M | ||
| Q4 23 | $1.1B | $1.1B |
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.4B | ||
| Q4 23 | — | $4.8B |
| Q3 25 | $2.8B | $6.7B | ||
| Q2 25 | $2.8B | $6.8B | ||
| Q1 25 | $2.8B | $6.7B | ||
| Q4 24 | $2.8B | $6.6B | ||
| Q3 24 | $2.9B | $6.7B | ||
| Q2 24 | $2.9B | $6.6B | ||
| Q1 24 | $2.9B | $6.6B | ||
| Q4 23 | $2.8B | $6.2B |
| Q3 25 | $5.7B | $15.1B | ||
| Q2 25 | $5.7B | $15.4B | ||
| Q1 25 | $5.6B | $15.3B | ||
| Q4 24 | $5.6B | $14.9B | ||
| Q3 24 | $5.6B | $15.0B | ||
| Q2 24 | $5.6B | $15.0B | ||
| Q1 24 | $5.6B | $15.1B | ||
| Q4 23 | $5.6B | $14.1B |
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.67× | ||
| Q4 23 | — | 0.77× |
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 | $860.0M |
| 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.
| Q3 25 | $174.3M | $860.0M | ||
| Q2 25 | $156.9M | $298.0M | ||
| Q1 25 | $103.7M | $719.0M | ||
| Q4 24 | $349.4M | $858.2M | ||
| Q3 24 | $-159.4M | $835.0M | ||
| Q2 24 | $58.5M | $359.0M | ||
| Q1 24 | $266.1M | $813.0M | ||
| Q4 23 | $195.5M | $843.2M |
| 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 | — | ||
| Q4 23 | $172.7M | — |
| 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% | — | ||
| Q4 23 | 15.3% | — |
| 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% | — | ||
| Q4 23 | 2.0% | — |
| 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× | — | ||
| Q4 23 | 2.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
