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Side-by-side financial comparison of CIENA CORP (CIEN) and Evercore Inc. (EVR). Click either name above to swap in a different company.
Evercore Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× CIENA CORP). Evercore Inc. runs the higher net margin — 23.0% vs 4.1%, a 18.9% gap on every dollar of revenue. Over the past eight quarters, Evercore Inc.'s revenue compounded faster (42.2% 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).
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
CIEN vs EVR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $50.3M | $322.7M |
| Gross Margin | 41.3% | — |
| Operating Margin | 6.0% | — |
| Net Margin | 4.1% | 23.0% |
| Revenue YoY | — | 100.3% |
| Net Profit YoY | — | 106.1% |
| EPS (diluted) | $0.35 | $7.20 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.1B | $838.0M | ||
| Q1 25 | $1.1B | $699.0M | ||
| Q4 24 | $1.1B | $979.5M | ||
| Q3 24 | $942.3M | $738.4M | ||
| Q2 24 | $910.8M | $693.4M |
| Q1 26 | — | $322.7M | ||
| Q4 25 | — | $204.0M | ||
| Q3 25 | $50.3M | $144.6M | ||
| Q2 25 | $9.0M | $97.2M | ||
| Q1 25 | $44.6M | $146.2M | ||
| Q4 24 | $37.0M | $140.4M | ||
| Q3 24 | $14.2M | $78.4M | ||
| Q2 24 | $-16.8M | $73.8M |
| Q1 26 | — | — | ||
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.2% | ||
| Q3 25 | 6.0% | 20.8% | ||
| Q2 25 | 2.9% | 18.0% | ||
| Q1 25 | 7.5% | 16.0% | ||
| Q4 24 | 5.3% | 21.8% | ||
| Q3 24 | 2.8% | 16.7% | ||
| Q2 24 | -0.4% | 15.9% |
| Q1 26 | — | 23.0% | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | 4.1% | 13.8% | ||
| Q2 25 | 0.8% | 11.6% | ||
| Q1 25 | 4.2% | 20.9% | ||
| Q4 24 | 3.3% | 14.3% | ||
| Q3 24 | 1.5% | 10.6% | ||
| Q2 24 | -1.8% | 10.6% |
| Q1 26 | — | $7.20 | ||
| Q4 25 | — | $4.80 | ||
| Q3 25 | $0.35 | $3.41 | ||
| Q2 25 | $0.06 | $2.36 | ||
| Q1 25 | $0.31 | $3.48 | ||
| Q4 24 | $0.26 | $3.32 | ||
| Q3 24 | $0.10 | $1.86 | ||
| Q2 24 | $-0.12 | $1.81 |
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 | — | — |
| Stockholders' EquityBook value | $2.8B | — |
| Total Assets | $5.7B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.3B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $2.8B | $1.8B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | $2.8B | $1.5B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 24 | $2.9B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | $5.7B | $4.4B | ||
| Q2 25 | $5.7B | $3.7B | ||
| Q1 25 | $5.6B | $3.3B | ||
| Q4 24 | $5.6B | $4.2B | ||
| Q3 24 | $5.6B | $3.6B | ||
| Q2 24 | $5.6B | $3.3B |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $807.5M | ||
| Q3 25 | $174.3M | $560.9M | ||
| Q2 25 | $156.9M | $437.7M | ||
| Q1 25 | $103.7M | $-549.7M | ||
| Q4 24 | $349.4M | $686.4M | ||
| Q3 24 | $-159.4M | $234.5M | ||
| Q2 24 | $58.5M | $348.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $798.6M | ||
| Q3 25 | $134.6M | $541.5M | ||
| Q2 25 | $128.2M | $411.7M | ||
| Q1 25 | $76.8M | $-569.3M | ||
| Q4 24 | $265.8M | $673.1M | ||
| Q3 24 | $-179.0M | $226.6M | ||
| Q2 24 | $41.6M | $340.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 61.6% | ||
| Q3 25 | 11.0% | 51.8% | ||
| Q2 25 | 11.4% | 49.1% | ||
| Q1 25 | 7.2% | -81.4% | ||
| Q4 24 | 23.6% | 68.7% | ||
| Q3 24 | -19.0% | 30.7% | ||
| Q2 24 | 4.6% | 49.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | 3.3% | 1.9% | ||
| Q2 25 | 2.6% | 3.1% | ||
| Q1 25 | 2.5% | 2.8% | ||
| Q4 24 | 7.4% | 1.4% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 1.9% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.96× | ||
| Q3 25 | 3.47× | 3.88× | ||
| Q2 25 | 17.50× | 4.50× | ||
| Q1 25 | 2.33× | -3.76× | ||
| Q4 24 | 9.44× | 4.89× | ||
| Q3 24 | -11.20× | 2.99× | ||
| Q2 24 | — | 4.72× |
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% |
EVR
| Advisory Fees (1) | $1.2B | 89% |
| Commissions and Related Revenue | $62.7M | 4% |
| Underwriting Fees | $55.1M | 4% |
| Asset Management and Administration Fees (2) | $23.7M | 2% |
| Other Revenue, net | $15.4M | 1% |
