vs
Side-by-side financial comparison of CIENA CORP (CIEN) and FiEE, Inc. (FIEE). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $4.2M, roughly 289.7× FiEE, Inc.). CIENA CORP produced more free cash flow last quarter ($134.6M vs $3.5M).
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 FIEE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $4.2M |
| Net Profit | $50.3M | — |
| Gross Margin | 41.3% | 88.0% |
| Operating Margin | 6.0% | — |
| Net Margin | 4.1% | — |
| Revenue YoY | — | — |
| Net Profit YoY | — | 1484.1% |
| EPS (diluted) | $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 | — | $4.2M | ||
| Q3 25 | $1.2B | $1.9M | ||
| Q2 25 | $1.1B | $45.0K | ||
| Q1 25 | $1.1B | $125 | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $942.3M | $0 | ||
| Q2 24 | $910.8M | $0 | ||
| Q1 24 | $1.0B | $639.9K |
| Q4 25 | — | — | ||
| Q3 25 | $50.3M | $-253.0K | ||
| Q2 25 | $9.0M | $-639.7K | ||
| Q1 25 | $44.6M | $-373.9K | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $14.2M | $-625.1K | ||
| Q2 24 | $-16.8M | $-487.9K | ||
| Q1 24 | $49.5M | $-3.3M |
| Q4 25 | — | 88.0% | ||
| Q3 25 | 41.3% | 85.0% | ||
| Q2 25 | 40.2% | 2.4% | ||
| Q1 25 | 44.0% | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.9% | — | ||
| Q2 24 | 42.7% | — | ||
| Q1 24 | 45.0% | 32.4% |
| Q4 25 | — | — | ||
| Q3 25 | 6.0% | -5.2% | ||
| Q2 25 | 2.9% | -1415.6% | ||
| Q1 25 | 7.5% | -296896.8% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | -0.4% | — | ||
| Q1 24 | 8.2% | -511.0% |
| Q4 25 | — | — | ||
| Q3 25 | 4.1% | -13.0% | ||
| Q2 25 | 0.8% | -1421.7% | ||
| Q1 25 | 4.2% | -299128.0% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | -1.8% | — | ||
| Q1 24 | 4.8% | -509.3% |
| Q4 25 | — | — | ||
| Q3 25 | $0.35 | $-0.04 | ||
| Q2 25 | $0.06 | $-0.13 | ||
| Q1 25 | $0.31 | $-0.10 | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $0.10 | $-0.21 | ||
| Q2 24 | $-0.12 | $-0.16 | ||
| Q1 24 | $0.34 | $-1.11 |
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 | $3.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $6.6M |
| Total Assets | $5.7B | $10.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.1M | ||
| Q3 25 | $1.3B | $5.9M | ||
| Q2 25 | $1.3B | $4.5M | ||
| Q1 25 | $1.2B | $9.1K | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | $191.7K | ||
| Q2 24 | $1.3B | $630.8K | ||
| Q1 24 | $1.4B | $1.0M |
| Q4 25 | — | $6.6M | ||
| Q3 25 | $2.8B | $3.9M | ||
| Q2 25 | $2.8B | $2.9M | ||
| Q1 25 | $2.8B | $-503.9K | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | $-558.9K | ||
| Q2 24 | $2.9B | $-404.7K | ||
| Q1 24 | $2.9B | $83.2K |
| Q4 25 | — | $10.8M | ||
| Q3 25 | $5.7B | $8.5M | ||
| Q2 25 | $5.7B | $7.1M | ||
| Q1 25 | $5.6B | $357.9K | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.6B | $433.2K | ||
| Q2 24 | $5.6B | $953.3K | ||
| Q1 24 | $5.6B | $1.5M |
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 | $3.6M |
| Free Cash FlowOCF − Capex | $134.6M | $3.5M |
| FCF MarginFCF / Revenue | 11.0% | 82.0% |
| Capex IntensityCapex / Revenue | 3.3% | 4.4% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.6M | ||
| Q3 25 | $174.3M | $2.3M | ||
| Q2 25 | $156.9M | $543.0K | ||
| Q1 25 | $103.7M | $-371.1K | ||
| Q4 24 | $349.4M | — | ||
| Q3 24 | $-159.4M | $-904.6K | ||
| Q2 24 | $58.5M | $-396.2K | ||
| Q1 24 | $266.1M | $-2.5M |
| Q4 25 | — | $3.5M | ||
| Q3 25 | $134.6M | $913.0K | ||
| 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 25 | — | 82.0% | ||
| Q3 25 | 11.0% | 47.1% | ||
| 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 25 | — | 4.4% | ||
| Q3 25 | 3.3% | 71.9% | ||
| 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 25 | — | — | ||
| 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× | — |
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% |
FIEE
Segment breakdown not available.
