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Side-by-side financial comparison of CIENA CORP (CIEN) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× CIENA CORP). Evergy runs the higher net margin — 6.5% vs 4.1%, a 2.4% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $-530.5M). Over the past eight quarters, CIENA CORP's revenue compounded faster (3.9% CAGR vs 0.4%).
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).
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
CIEN vs EVRG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $50.3M | $84.3M |
| Gross Margin | 41.3% | — |
| Operating Margin | 6.0% | 18.5% |
| Net Margin | 4.1% | 6.5% |
| Revenue YoY | — | 5.3% |
| Net Profit YoY | — | 7.8% |
| EPS (diluted) | $0.35 | $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.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $942.3M | $1.8B | ||
| Q2 24 | $910.8M | $1.4B | ||
| Q1 24 | $1.0B | $1.3B |
| Q4 25 | — | $84.3M | ||
| Q3 25 | $50.3M | $475.0M | ||
| Q2 25 | $9.0M | $171.3M | ||
| Q1 25 | $44.6M | $125.0M | ||
| Q4 24 | $37.0M | $78.2M | ||
| Q3 24 | $14.2M | $465.6M | ||
| Q2 24 | $-16.8M | $207.0M | ||
| Q1 24 | $49.5M | $122.7M |
| 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 24 | 45.0% | — |
| Q4 25 | — | 18.5% | ||
| Q3 25 | 6.0% | 37.3% | ||
| Q2 25 | 2.9% | 25.4% | ||
| Q1 25 | 7.5% | 22.5% | ||
| Q4 24 | 5.3% | 18.1% | ||
| Q3 24 | 2.8% | 35.1% | ||
| Q2 24 | -0.4% | 25.4% | ||
| Q1 24 | 8.2% | 20.3% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 4.1% | 26.9% | ||
| Q2 25 | 0.8% | 12.6% | ||
| Q1 25 | 4.2% | 9.7% | ||
| Q4 24 | 3.3% | 6.4% | ||
| Q3 24 | 1.5% | 26.0% | ||
| Q2 24 | -1.8% | 14.7% | ||
| Q1 24 | 4.8% | 9.6% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | $0.35 | $2.03 | ||
| Q2 25 | $0.06 | $0.74 | ||
| Q1 25 | $0.31 | $0.54 | ||
| Q4 24 | $0.26 | $0.34 | ||
| Q3 24 | $0.10 | $2.02 | ||
| Q2 24 | $-0.12 | $0.90 | ||
| Q1 24 | $0.34 | $0.53 |
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 | $19.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $10.2B |
| Total Assets | $5.7B | $33.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $19.8M | ||
| Q3 25 | $1.3B | $27.5M | ||
| Q2 25 | $1.3B | $27.8M | ||
| Q1 25 | $1.2B | $35.3M | ||
| Q4 24 | $1.3B | $22.0M | ||
| Q3 24 | $1.1B | $34.6M | ||
| Q2 24 | $1.3B | $26.1M | ||
| Q1 24 | $1.4B | $63.7M |
| Q4 25 | — | $10.2B | ||
| Q3 25 | $2.8B | $10.3B | ||
| Q2 25 | $2.8B | $10.0B | ||
| Q1 25 | $2.8B | $9.9B | ||
| Q4 24 | $2.8B | $10.0B | ||
| Q3 24 | $2.9B | $10.0B | ||
| Q2 24 | $2.9B | $9.7B | ||
| Q1 24 | $2.9B | $9.6B |
| Q4 25 | — | $33.9B | ||
| Q3 25 | $5.7B | $33.4B | ||
| Q2 25 | $5.7B | $32.9B | ||
| Q1 25 | $5.6B | $32.5B | ||
| Q4 24 | $5.6B | $32.3B | ||
| Q3 24 | $5.6B | $32.1B | ||
| Q2 24 | $5.6B | $31.8B | ||
| Q1 24 | $5.6B | $31.3B |
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 | $334.0M |
| Free Cash FlowOCF − Capex | $134.6M | $-530.5M |
| FCF MarginFCF / Revenue | 11.0% | -41.1% |
| Capex IntensityCapex / Revenue | 3.3% | 66.9% |
| Cash ConversionOCF / Net Profit | 3.47× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $334.0M | ||
| Q3 25 | $174.3M | $937.7M | ||
| Q2 25 | $156.9M | $323.9M | ||
| Q1 25 | $103.7M | $449.6M | ||
| Q4 24 | $349.4M | $395.6M | ||
| Q3 24 | $-159.4M | $953.3M | ||
| Q2 24 | $58.5M | $317.5M | ||
| Q1 24 | $266.1M | $317.3M |
| Q4 25 | — | $-530.5M | ||
| Q3 25 | $134.6M | $225.4M | ||
| Q2 25 | $128.2M | $-303.4M | ||
| Q1 25 | $76.8M | $-143.2M | ||
| Q4 24 | $265.8M | $-118.6M | ||
| Q3 24 | $-179.0M | $427.0M | ||
| Q2 24 | $41.6M | $-360.0M | ||
| Q1 24 | $249.5M | $-301.3M |
| Q4 25 | — | -41.1% | ||
| Q3 25 | 11.0% | 12.8% | ||
| Q2 25 | 11.4% | -22.4% | ||
| Q1 25 | 7.2% | -11.1% | ||
| Q4 24 | 23.6% | -9.7% | ||
| Q3 24 | -19.0% | 23.9% | ||
| Q2 24 | 4.6% | -25.6% | ||
| Q1 24 | 24.0% | -23.5% |
| Q4 25 | — | 66.9% | ||
| Q3 25 | 3.3% | 40.4% | ||
| Q2 25 | 2.6% | 46.3% | ||
| Q1 25 | 2.5% | 45.8% | ||
| Q4 24 | 7.4% | 41.9% | ||
| Q3 24 | 2.1% | 29.4% | ||
| Q2 24 | 1.9% | 48.1% | ||
| Q1 24 | 1.6% | 48.3% |
| Q4 25 | — | 3.96× | ||
| Q3 25 | 3.47× | 1.97× | ||
| Q2 25 | 17.50× | 1.89× | ||
| Q1 25 | 2.33× | 3.60× | ||
| Q4 24 | 9.44× | 5.06× | ||
| Q3 24 | -11.20× | 2.05× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | 5.37× | 2.59× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
