vs
Side-by-side financial comparison of CIENA CORP (CIEN) and Dream Finders Homes, Inc. (DFH). 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× Dream Finders Homes, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs 4.1%, a 0.7% gap on every dollar of revenue. Dream Finders Homes, Inc. produced more free cash flow last quarter ($136.0M vs $134.6M). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs 3.9%).
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).
Dream Finders Homes, Inc. is a U.S. homebuilding firm that constructs and sells entry-level to luxury residential properties, including single-family homes and townhomes, across high-growth domestic markets. It also provides mortgage, title insurance and home warranty services for homebuyers.
CIEN vs DFH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $50.3M | $58.8M |
| Gross Margin | 41.3% | — |
| Operating Margin | 6.0% | 6.4% |
| Net Margin | 4.1% | 4.8% |
| Revenue YoY | — | -22.3% |
| Net Profit YoY | — | -54.9% |
| EPS (diluted) | $0.35 | $0.57 |
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 | — | $1.2B | ||
| Q3 25 | $1.2B | $969.8M | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $989.9M | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $942.3M | $1.0B | ||
| Q2 24 | $910.8M | $1.1B | ||
| Q1 24 | $1.0B | $827.8M |
| Q4 25 | — | $58.8M | ||
| Q3 25 | $50.3M | $47.0M | ||
| Q2 25 | $9.0M | $56.6M | ||
| Q1 25 | $44.6M | $54.9M | ||
| Q4 24 | $37.0M | $130.5M | ||
| Q3 24 | $14.2M | $70.7M | ||
| Q2 24 | $-16.8M | $80.9M | ||
| Q1 24 | $49.5M | $54.5M |
| 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% | 19.2% | ||
| Q1 24 | 45.0% | 18.0% |
| Q4 25 | — | 6.4% | ||
| Q3 25 | 6.0% | 6.3% | ||
| Q2 25 | 2.9% | 6.4% | ||
| Q1 25 | 7.5% | 7.2% | ||
| Q4 24 | 5.3% | 10.8% | ||
| Q3 24 | 2.8% | 9.2% | ||
| Q2 24 | -0.4% | 10.0% | ||
| Q1 24 | 8.2% | 8.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 4.1% | 4.8% | ||
| Q2 25 | 0.8% | 4.9% | ||
| Q1 25 | 4.2% | 5.5% | ||
| Q4 24 | 3.3% | 8.4% | ||
| Q3 24 | 1.5% | 7.0% | ||
| Q2 24 | -1.8% | 7.7% | ||
| Q1 24 | 4.8% | 6.6% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | $0.35 | $0.47 | ||
| Q2 25 | $0.06 | $0.56 | ||
| Q1 25 | $0.31 | $0.54 | ||
| Q4 24 | $0.26 | $1.28 | ||
| Q3 24 | $0.10 | $0.70 | ||
| Q2 24 | $-0.12 | $0.81 | ||
| Q1 24 | $0.34 | $0.55 |
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 | $234.8M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $2.8B | $1.4B |
| Total Assets | $5.7B | $3.7B |
| Debt / EquityLower = less leverage | — | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $234.8M | ||
| Q3 25 | $1.3B | $251.0M | ||
| Q2 25 | $1.3B | $210.3M | ||
| Q1 25 | $1.2B | $297.5M | ||
| Q4 24 | $1.3B | $274.4M | ||
| Q3 24 | $1.1B | $204.9M | ||
| Q2 24 | $1.3B | $274.8M | ||
| Q1 24 | $1.4B | $239.4M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $2.9B | $1.1B | ||
| Q2 24 | $2.9B | $1.0B | ||
| Q1 24 | $2.9B | $968.7M |
| Q4 25 | — | $3.7B | ||
| Q3 25 | $5.7B | $3.8B | ||
| Q2 25 | $5.7B | $3.7B | ||
| Q1 25 | $5.6B | $3.5B | ||
| Q4 24 | $5.6B | $3.3B | ||
| Q3 24 | $5.6B | $3.3B | ||
| Q2 24 | $5.6B | $3.0B | ||
| Q1 24 | $5.6B | $2.7B |
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $174.3M | $143.6M |
| Free Cash FlowOCF − Capex | $134.6M | $136.0M |
| FCF MarginFCF / Revenue | 11.0% | 11.2% |
| Capex IntensityCapex / Revenue | 3.3% | 0.6% |
| Cash ConversionOCF / Net Profit | 3.47× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $-126.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $143.6M | ||
| Q3 25 | $174.3M | $-131.0M | ||
| Q2 25 | $156.9M | $-68.5M | ||
| Q1 25 | $103.7M | $-44.7M | ||
| Q4 24 | $349.4M | $306.5M | ||
| Q3 24 | $-159.4M | $-205.0M | ||
| Q2 24 | $58.5M | $-110.6M | ||
| Q1 24 | $266.1M | $-247.5M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | $134.6M | $-135.7M | ||
| Q2 25 | $128.2M | $-78.8M | ||
| Q1 25 | $76.8M | $-47.9M | ||
| Q4 24 | $265.8M | $302.6M | ||
| Q3 24 | $-179.0M | $-222.5M | ||
| Q2 24 | $41.6M | $-112.4M | ||
| Q1 24 | $249.5M | $-249.6M |
| Q4 25 | — | 11.2% | ||
| Q3 25 | 11.0% | -14.0% | ||
| Q2 25 | 11.4% | -6.8% | ||
| Q1 25 | 7.2% | -4.8% | ||
| Q4 24 | 23.6% | 19.4% | ||
| Q3 24 | -19.0% | -22.1% | ||
| Q2 24 | 4.6% | -10.6% | ||
| Q1 24 | 24.0% | -30.2% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | 3.3% | 0.5% | ||
| Q2 25 | 2.6% | 0.9% | ||
| Q1 25 | 2.5% | 0.3% | ||
| Q4 24 | 7.4% | 0.3% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 1.9% | 0.2% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | — | 2.44× | ||
| Q3 25 | 3.47× | -2.79× | ||
| Q2 25 | 17.50× | -1.21× | ||
| Q1 25 | 2.33× | -0.81× | ||
| Q4 24 | 9.44× | 2.35× | ||
| Q3 24 | -11.20× | -2.90× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | 5.37× | -4.54× |
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% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
