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Side-by-side financial comparison of CIENA CORP (CIEN) and Everus Construction Group, Inc. (ECG). 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× Everus Construction Group, Inc.). Everus Construction Group, Inc. runs the higher net margin — 5.5% vs 4.1%, a 1.3% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $23.5M). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% 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).
CIEN vs ECG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | $50.3M | $55.3M |
| Gross Margin | 41.3% | 11.6% |
| Operating Margin | 6.0% | 6.8% |
| Net Margin | 4.1% | 5.5% |
| Revenue YoY | — | 33.2% |
| Net Profit YoY | — | 60.4% |
| EPS (diluted) | $0.35 | $1.09 |
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 | — | $1.0B | ||
| Q3 25 | $1.2B | $986.8M | ||
| Q2 25 | $1.1B | $921.5M | ||
| Q1 25 | $1.1B | $826.6M | ||
| Q4 24 | $1.1B | $759.6M | ||
| Q3 24 | $942.3M | $761.0M | ||
| Q2 24 | $910.8M | $703.4M | ||
| Q1 24 | $1.0B | $625.7M |
| Q4 25 | — | $55.3M | ||
| Q3 25 | $50.3M | $57.0M | ||
| Q2 25 | $9.0M | $52.8M | ||
| Q1 25 | $44.6M | $36.7M | ||
| Q4 24 | $37.0M | $34.5M | ||
| Q3 24 | $14.2M | $41.8M | ||
| Q2 24 | $-16.8M | $39.0M | ||
| Q1 24 | $49.5M | $28.2M |
| Q4 25 | — | 11.6% | ||
| Q3 25 | 41.3% | 12.6% | ||
| Q2 25 | 40.2% | 13.0% | ||
| Q1 25 | 44.0% | 11.2% | ||
| Q4 24 | 40.9% | 11.4% | ||
| Q3 24 | 42.9% | 11.8% | ||
| Q2 24 | 42.7% | 12.6% | ||
| Q1 24 | 45.0% | 11.9% |
| Q4 25 | — | 6.8% | ||
| Q3 25 | 6.0% | 7.3% | ||
| Q2 25 | 2.9% | 7.9% | ||
| Q1 25 | 7.5% | 6.2% | ||
| Q4 24 | 5.3% | 6.1% | ||
| Q3 24 | 2.8% | 7.1% | ||
| Q2 24 | -0.4% | 7.3% | ||
| Q1 24 | 8.2% | 6.2% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | 4.1% | 5.8% | ||
| Q2 25 | 0.8% | 5.7% | ||
| Q1 25 | 4.2% | 4.4% | ||
| Q4 24 | 3.3% | 4.5% | ||
| Q3 24 | 1.5% | 5.5% | ||
| Q2 24 | -1.8% | 5.5% | ||
| Q1 24 | 4.8% | 4.5% |
| Q4 25 | — | $1.09 | ||
| Q3 25 | $0.35 | $1.11 | ||
| Q2 25 | $0.06 | $1.03 | ||
| Q1 25 | $0.31 | $0.72 | ||
| Q4 24 | $0.26 | $0.68 | ||
| Q3 24 | $0.10 | $0.82 | ||
| Q2 24 | $-0.12 | $0.76 | ||
| 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 | — |
| Total DebtLower is stronger | — | $281.5M |
| Stockholders' EquityBook value | $2.8B | $629.8M |
| Total Assets | $5.7B | $1.7B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $553.0K | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | — | $281.5M | ||
| Q3 25 | — | $285.1M | ||
| Q2 25 | — | $288.6M | ||
| Q1 25 | — | $292.1M | ||
| Q4 24 | — | $295.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $629.8M | ||
| Q3 25 | $2.8B | $573.0M | ||
| Q2 25 | $2.8B | $514.4M | ||
| Q1 25 | $2.8B | $460.2M | ||
| Q4 24 | $2.8B | $422.6M | ||
| Q3 24 | $2.9B | $453.3M | ||
| Q2 24 | $2.9B | $490.0M | ||
| Q1 24 | $2.9B | $464.3M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $5.7B | $1.6B | ||
| Q2 25 | $5.7B | $1.5B | ||
| Q1 25 | $5.6B | $1.4B | ||
| Q4 24 | $5.6B | $1.3B | ||
| Q3 24 | $5.6B | $1.3B | ||
| Q2 24 | $5.6B | — | ||
| Q1 24 | $5.6B | — |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| 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 | $48.2M |
| Free Cash FlowOCF − Capex | $134.6M | $23.5M |
| FCF MarginFCF / Revenue | 11.0% | 2.3% |
| Capex IntensityCapex / Revenue | 3.3% | 2.4% |
| Cash ConversionOCF / Net Profit | 3.47× | 0.87× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $90.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.2M | ||
| Q3 25 | $174.3M | $76.2M | ||
| Q2 25 | $156.9M | $25.3M | ||
| Q1 25 | $103.7M | $7.1M | ||
| Q4 24 | $349.4M | — | ||
| Q3 24 | $-159.4M | $78.9M | ||
| Q2 24 | $58.5M | — | ||
| Q1 24 | $266.1M | $21.9M |
| Q4 25 | — | $23.5M | ||
| Q3 25 | $134.6M | $65.7M | ||
| Q2 25 | $128.2M | $12.3M | ||
| Q1 25 | $76.8M | $-11.4M | ||
| Q4 24 | $265.8M | — | ||
| Q3 24 | $-179.0M | $60.9M | ||
| Q2 24 | $41.6M | — | ||
| Q1 24 | $249.5M | $12.6M |
| Q4 25 | — | 2.3% | ||
| Q3 25 | 11.0% | 6.7% | ||
| Q2 25 | 11.4% | 1.3% | ||
| Q1 25 | 7.2% | -1.4% | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | -19.0% | 8.0% | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 24.0% | 2.0% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | 3.3% | 1.1% | ||
| Q2 25 | 2.6% | 1.4% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 2.1% | 2.4% | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 1.6% | 1.5% |
| Q4 25 | — | 0.87× | ||
| Q3 25 | 3.47× | 1.34× | ||
| Q2 25 | 17.50× | 0.48× | ||
| Q1 25 | 2.33× | 0.19× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | -11.20× | 1.89× | ||
| Q2 24 | — | — | ||
| Q1 24 | 5.37× | 0.77× |
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% |
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
