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Side-by-side financial comparison of CIENA CORP (CIEN) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $909.4M, roughly 1.3× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 4.1%, a 10.3% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $118.5M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% 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).
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
CIEN vs NXT — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $909.4M |
| Net Profit | $50.3M | $131.2M |
| Gross Margin | 41.3% | 31.7% |
| Operating Margin | 6.0% | 19.4% |
| Net Margin | 4.1% | 14.4% |
| Revenue YoY | — | 33.9% |
| Net Profit YoY | — | 13.8% |
| EPS (diluted) | $0.35 | $0.85 |
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 | — | $909.4M | ||
| Q3 25 | $1.2B | $905.3M | ||
| Q2 25 | $1.1B | $864.3M | ||
| Q1 25 | $1.1B | $924.3M | ||
| Q4 24 | $1.1B | $679.4M | ||
| Q3 24 | $942.3M | $635.6M | ||
| Q2 24 | $910.8M | $719.9M | ||
| Q1 24 | $1.0B | $736.5M |
| Q4 25 | — | $131.2M | ||
| Q3 25 | $50.3M | $146.9M | ||
| Q2 25 | $9.0M | $157.2M | ||
| Q1 25 | $44.6M | $156.8M | ||
| Q4 24 | $37.0M | $115.3M | ||
| Q3 24 | $14.2M | $115.4M | ||
| Q2 24 | $-16.8M | $121.7M | ||
| Q1 24 | $49.5M | $205.2M |
| Q4 25 | — | 31.7% | ||
| Q3 25 | 41.3% | 32.4% | ||
| Q2 25 | 40.2% | 32.6% | ||
| Q1 25 | 44.0% | 33.1% | ||
| Q4 24 | 40.9% | 35.5% | ||
| Q3 24 | 42.9% | 35.4% | ||
| Q2 24 | 42.7% | 33.0% | ||
| Q1 24 | 45.0% | 46.2% |
| Q4 25 | — | 19.4% | ||
| Q3 25 | 6.0% | 20.0% | ||
| Q2 25 | 2.9% | 21.5% | ||
| Q1 25 | 7.5% | 21.1% | ||
| Q4 24 | 5.3% | 22.1% | ||
| Q3 24 | 2.8% | 21.0% | ||
| Q2 24 | -0.4% | 22.2% | ||
| Q1 24 | 8.2% | 36.8% |
| Q4 25 | — | 14.4% | ||
| Q3 25 | 4.1% | 16.2% | ||
| Q2 25 | 0.8% | 18.2% | ||
| Q1 25 | 4.2% | 17.0% | ||
| Q4 24 | 3.3% | 17.0% | ||
| Q3 24 | 1.5% | 18.2% | ||
| Q2 24 | -1.8% | 16.9% | ||
| Q1 24 | 4.8% | 27.9% |
| Q4 25 | — | $0.85 | ||
| Q3 25 | $0.35 | $0.97 | ||
| Q2 25 | $0.06 | $1.04 | ||
| Q1 25 | $0.31 | $1.05 | ||
| Q4 24 | $0.26 | $0.79 | ||
| Q3 24 | $0.10 | $0.79 | ||
| Q2 24 | $-0.12 | $0.84 | ||
| Q1 24 | $0.34 | $1.52 |
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 | $952.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $2.2B |
| Total Assets | $5.7B | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $952.6M | ||
| Q3 25 | $1.3B | $845.3M | ||
| Q2 25 | $1.3B | $743.4M | ||
| Q1 25 | $1.2B | $766.1M | ||
| Q4 24 | $1.3B | $693.5M | ||
| Q3 24 | $1.1B | $561.9M | ||
| Q2 24 | $1.3B | $471.9M | ||
| Q1 24 | $1.4B | $474.1M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $2.9B | $961.0M |
| Q4 25 | — | $3.8B | ||
| Q3 25 | $5.7B | $3.7B | ||
| Q2 25 | $5.7B | $3.4B | ||
| Q1 25 | $5.6B | $3.2B | ||
| Q4 24 | $5.6B | $3.0B | ||
| Q3 24 | $5.6B | $2.8B | ||
| Q2 24 | $5.6B | $2.6B | ||
| Q1 24 | $5.6B | $2.5B |
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 | $123.3M |
| Free Cash FlowOCF − Capex | $134.6M | $118.5M |
| FCF MarginFCF / Revenue | 11.0% | 13.0% |
| Capex IntensityCapex / Revenue | 3.3% | 0.5% |
| Cash ConversionOCF / Net Profit | 3.47× | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $123.3M | ||
| Q3 25 | $174.3M | $186.9M | ||
| Q2 25 | $156.9M | $81.3M | ||
| Q1 25 | $103.7M | $237.3M | ||
| Q4 24 | $349.4M | $143.8M | ||
| Q3 24 | $-159.4M | $153.8M | ||
| Q2 24 | $58.5M | $120.8M | ||
| Q1 24 | $266.1M | $111.5M |
| Q4 25 | — | $118.5M | ||
| Q3 25 | $134.6M | $171.4M | ||
| Q2 25 | $128.2M | $70.1M | ||
| Q1 25 | $76.8M | $227.2M | ||
| Q4 24 | $265.8M | $134.9M | ||
| Q3 24 | $-179.0M | $141.8M | ||
| Q2 24 | $41.6M | $118.0M | ||
| Q1 24 | $249.5M | $109.2M |
| Q4 25 | — | 13.0% | ||
| Q3 25 | 11.0% | 18.9% | ||
| Q2 25 | 11.4% | 8.1% | ||
| Q1 25 | 7.2% | 24.6% | ||
| Q4 24 | 23.6% | 19.9% | ||
| Q3 24 | -19.0% | 22.3% | ||
| Q2 24 | 4.6% | 16.4% | ||
| Q1 24 | 24.0% | 14.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 3.3% | 1.7% | ||
| Q2 25 | 2.6% | 1.3% | ||
| Q1 25 | 2.5% | 1.1% | ||
| Q4 24 | 7.4% | 1.3% | ||
| Q3 24 | 2.1% | 1.9% | ||
| Q2 24 | 1.9% | 0.4% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | — | 0.94× | ||
| Q3 25 | 3.47× | 1.27× | ||
| Q2 25 | 17.50× | 0.52× | ||
| Q1 25 | 2.33× | 1.51× | ||
| Q4 24 | 9.44× | 1.25× | ||
| Q3 24 | -11.20× | 1.33× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | 5.37× | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
