vs
Side-by-side financial comparison of CIENA CORP (CIEN) and GRIFFON CORP (GFF). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $649.1M, roughly 1.9× GRIFFON CORP). GRIFFON CORP runs the higher net margin — 9.9% vs 4.1%, a 5.8% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $99.3M). Over the past eight quarters, CIENA CORP's revenue compounded faster (3.9% CAGR vs -1.8%).
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).
Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.
CIEN vs GFF — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $649.1M |
| Net Profit | $50.3M | $64.4M |
| Gross Margin | 41.3% | 41.1% |
| Operating Margin | 6.0% | 17.5% |
| Net Margin | 4.1% | 9.9% |
| Revenue YoY | — | 2.6% |
| Net Profit YoY | — | -9.1% |
| EPS (diluted) | $0.35 | $1.41 |
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 | — | $649.1M | ||
| Q3 25 | $1.2B | $662.2M | ||
| Q2 25 | $1.1B | $613.6M | ||
| Q1 25 | $1.1B | $611.7M | ||
| Q4 24 | $1.1B | $632.4M | ||
| Q3 24 | $942.3M | $659.7M | ||
| Q2 24 | $910.8M | $647.8M | ||
| Q1 24 | $1.0B | $672.9M |
| Q4 25 | — | $64.4M | ||
| Q3 25 | $50.3M | $43.6M | ||
| Q2 25 | $9.0M | $-120.1M | ||
| Q1 25 | $44.6M | $56.8M | ||
| Q4 24 | $37.0M | $70.9M | ||
| Q3 24 | $14.2M | $62.5M | ||
| Q2 24 | $-16.8M | $41.1M | ||
| Q1 24 | $49.5M | $64.1M |
| Q4 25 | — | 41.1% | ||
| Q3 25 | 41.3% | 41.7% | ||
| Q2 25 | 40.2% | 43.2% | ||
| Q1 25 | 44.0% | 41.2% | ||
| Q4 24 | 40.9% | 41.8% | ||
| Q3 24 | 42.9% | 39.9% | ||
| Q2 24 | 42.7% | 38.5% | ||
| Q1 24 | 45.0% | 40.2% |
| Q4 25 | — | 17.5% | ||
| Q3 25 | 6.0% | 18.0% | ||
| Q2 25 | 2.9% | -20.5% | ||
| Q1 25 | 7.5% | 16.5% | ||
| Q4 24 | 5.3% | 17.7% | ||
| Q3 24 | 2.8% | 16.9% | ||
| Q2 24 | -0.4% | 13.8% | ||
| Q1 24 | 8.2% | 16.9% |
| Q4 25 | — | 9.9% | ||
| Q3 25 | 4.1% | 6.6% | ||
| Q2 25 | 0.8% | -19.6% | ||
| Q1 25 | 4.2% | 9.3% | ||
| Q4 24 | 3.3% | 11.2% | ||
| Q3 24 | 1.5% | 9.5% | ||
| Q2 24 | -1.8% | 6.3% | ||
| Q1 24 | 4.8% | 9.5% |
| Q4 25 | — | $1.41 | ||
| Q3 25 | $0.35 | $1.04 | ||
| Q2 25 | $0.06 | $-2.65 | ||
| Q1 25 | $0.31 | $1.21 | ||
| Q4 24 | $0.26 | $1.49 | ||
| Q3 24 | $0.10 | $1.29 | ||
| Q2 24 | $-0.12 | $0.84 | ||
| Q1 24 | $0.34 | $1.28 |
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 | $95.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $108.9M |
| Total Assets | $5.7B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $95.3M | ||
| Q3 25 | $1.3B | $99.0M | ||
| Q2 25 | $1.3B | $107.3M | ||
| Q1 25 | $1.2B | $127.8M | ||
| Q4 24 | $1.3B | $152.0M | ||
| Q3 24 | $1.1B | $114.4M | ||
| Q2 24 | $1.3B | $133.5M | ||
| Q1 24 | $1.4B | $123.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | — | $108.9M | ||
| Q3 25 | $2.8B | $74.0M | ||
| Q2 25 | $2.8B | $63.9M | ||
| Q1 25 | $2.8B | $214.7M | ||
| Q4 24 | $2.8B | $227.8M | ||
| Q3 24 | $2.9B | $224.9M | ||
| Q2 24 | $2.9B | $223.5M | ||
| Q1 24 | $2.9B | $202.2M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | $5.7B | $2.1B | ||
| Q2 25 | $5.7B | $2.1B | ||
| Q1 25 | $5.6B | $2.3B | ||
| Q4 24 | $5.6B | $2.3B | ||
| Q3 24 | $5.6B | $2.4B | ||
| Q2 24 | $5.6B | $2.4B | ||
| Q1 24 | $5.6B | $2.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 22.71× | ||
| Q1 25 | — | 7.16× | ||
| Q4 24 | — | 6.48× | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | — | 6.74× | ||
| Q1 24 | — | 7.84× |
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 | $107.0M |
| Free Cash FlowOCF − Capex | $134.6M | $99.3M |
| FCF MarginFCF / Revenue | 11.0% | 15.3% |
| Capex IntensityCapex / Revenue | 3.3% | 1.2% |
| Cash ConversionOCF / Net Profit | 3.47× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $278.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $107.0M | ||
| Q3 25 | $174.3M | $75.0M | ||
| Q2 25 | $156.9M | $123.1M | ||
| Q1 25 | $103.7M | $16.5M | ||
| Q4 24 | $349.4M | $142.9M | ||
| Q3 24 | $-159.4M | $72.1M | ||
| Q2 24 | $58.5M | $122.1M | ||
| Q1 24 | $266.1M | $39.8M |
| Q4 25 | — | $99.3M | ||
| Q3 25 | $134.6M | $62.4M | ||
| Q2 25 | $128.2M | $114.4M | ||
| Q1 25 | $76.8M | $2.8M | ||
| Q4 24 | $265.8M | $125.5M | ||
| Q3 24 | $-179.0M | $51.6M | ||
| Q2 24 | $41.6M | $107.5M | ||
| Q1 24 | $249.5M | $20.8M |
| Q4 25 | — | 15.3% | ||
| Q3 25 | 11.0% | 9.4% | ||
| Q2 25 | 11.4% | 18.6% | ||
| Q1 25 | 7.2% | 0.5% | ||
| Q4 24 | 23.6% | 19.8% | ||
| Q3 24 | -19.0% | 7.8% | ||
| Q2 24 | 4.6% | 16.6% | ||
| Q1 24 | 24.0% | 3.1% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | 3.3% | 1.9% | ||
| Q2 25 | 2.6% | 1.4% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q4 24 | 7.4% | 2.8% | ||
| Q3 24 | 2.1% | 3.1% | ||
| Q2 24 | 1.9% | 2.2% | ||
| Q1 24 | 1.6% | 2.8% |
| Q4 25 | — | 1.66× | ||
| Q3 25 | 3.47× | 1.72× | ||
| Q2 25 | 17.50× | — | ||
| Q1 25 | 2.33× | 0.29× | ||
| Q4 24 | 9.44× | 2.02× | ||
| Q3 24 | -11.20× | 1.15× | ||
| Q2 24 | — | 2.97× | ||
| Q1 24 | 5.37× | 0.62× |
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% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
