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Side-by-side financial comparison of CIENA CORP (CIEN) and Organon & Co. (OGN). Click either name above to swap in a different company.
Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× CIENA CORP). CIENA CORP runs the higher net margin — 4.1% vs -13.6%, a 17.7% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $96.0M). Over the past eight quarters, CIENA CORP's revenue compounded faster (3.9% CAGR vs -3.6%).
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).
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
CIEN vs OGN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $50.3M | $-205.0M |
| Gross Margin | 41.3% | 49.2% |
| Operating Margin | 6.0% | -9.8% |
| Net Margin | 4.1% | -13.6% |
| Revenue YoY | — | -5.3% |
| Net Profit YoY | — | -288.1% |
| EPS (diluted) | $0.35 | $-0.78 |
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 | — | $1.5B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $942.3M | $1.6B | ||
| Q2 24 | $910.8M | $1.6B | ||
| Q1 24 | $1.0B | $1.6B |
| Q4 25 | — | $-205.0M | ||
| Q3 25 | $50.3M | $160.0M | ||
| Q2 25 | $9.0M | $145.0M | ||
| Q1 25 | $44.6M | $87.0M | ||
| Q4 24 | $37.0M | $109.0M | ||
| Q3 24 | $14.2M | $359.0M | ||
| Q2 24 | $-16.8M | $195.0M | ||
| Q1 24 | $49.5M | $201.0M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | 41.3% | 53.5% | ||
| Q2 25 | 40.2% | 54.8% | ||
| Q1 25 | 44.0% | 55.6% | ||
| Q4 24 | 40.9% | 56.3% | ||
| Q3 24 | 42.9% | 58.3% | ||
| Q2 24 | 42.7% | 58.4% | ||
| Q1 24 | 45.0% | 59.0% |
| Q4 25 | — | -9.8% | ||
| Q3 25 | 6.0% | 15.2% | ||
| Q2 25 | 2.9% | 14.4% | ||
| Q1 25 | 7.5% | 6.7% | ||
| Q4 24 | 5.3% | 8.1% | ||
| Q3 24 | 2.8% | 13.1% | ||
| Q2 24 | -0.4% | 14.6% | ||
| Q1 24 | 8.2% | 14.5% |
| Q4 25 | — | -13.6% | ||
| Q3 25 | 4.1% | 10.0% | ||
| Q2 25 | 0.8% | 9.1% | ||
| Q1 25 | 4.2% | 5.8% | ||
| Q4 24 | 3.3% | 6.8% | ||
| Q3 24 | 1.5% | 22.7% | ||
| Q2 24 | -1.8% | 12.1% | ||
| Q1 24 | 4.8% | 12.4% |
| Q4 25 | — | $-0.78 | ||
| Q3 25 | $0.35 | $0.61 | ||
| Q2 25 | $0.06 | $0.56 | ||
| Q1 25 | $0.31 | $0.33 | ||
| Q4 24 | $0.26 | $0.42 | ||
| Q3 24 | $0.10 | $1.38 | ||
| Q2 24 | $-0.12 | $0.75 | ||
| Q1 24 | $0.34 | $0.78 |
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 | $574.0M |
| Total DebtLower is stronger | — | $8.6B |
| Stockholders' EquityBook value | $2.8B | $752.0M |
| Total Assets | $5.7B | $12.9B |
| Debt / EquityLower = less leverage | — | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $574.0M | ||
| Q3 25 | $1.3B | $672.0M | ||
| Q2 25 | $1.3B | $599.0M | ||
| Q1 25 | $1.2B | $547.0M | ||
| Q4 24 | $1.3B | $675.0M | ||
| Q3 24 | $1.1B | $763.0M | ||
| Q2 24 | $1.3B | $704.0M | ||
| Q1 24 | $1.4B | $575.0M |
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $8.8B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | — | $752.0M | ||
| Q3 25 | $2.8B | $906.0M | ||
| Q2 25 | $2.8B | $733.0M | ||
| Q1 25 | $2.8B | $542.0M | ||
| Q4 24 | $2.8B | $472.0M | ||
| Q3 24 | $2.9B | $493.0M | ||
| Q2 24 | $2.9B | $144.0M | ||
| Q1 24 | $2.9B | $48.0M |
| Q4 25 | — | $12.9B | ||
| Q3 25 | $5.7B | $13.6B | ||
| Q2 25 | $5.7B | $13.5B | ||
| Q1 25 | $5.6B | $13.2B | ||
| Q4 24 | $5.6B | $13.1B | ||
| Q3 24 | $5.6B | $12.8B | ||
| Q2 24 | $5.6B | $12.2B | ||
| Q1 24 | $5.6B | $11.9B |
| Q4 25 | — | 11.49× | ||
| Q3 25 | — | 9.74× | ||
| Q2 25 | — | 12.14× | ||
| Q1 25 | — | 16.52× | ||
| Q4 24 | — | 18.81× | ||
| Q3 24 | — | 17.75× | ||
| Q2 24 | — | 60.11× | ||
| Q1 24 | — | 181.54× |
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 | $141.0M |
| Free Cash FlowOCF − Capex | $134.6M | $96.0M |
| FCF MarginFCF / Revenue | 11.0% | 6.4% |
| Capex IntensityCapex / Revenue | 3.3% | 3.0% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $141.0M | ||
| Q3 25 | $174.3M | $264.0M | ||
| Q2 25 | $156.9M | $220.0M | ||
| Q1 25 | $103.7M | $75.0M | ||
| Q4 24 | $349.4M | $390.0M | ||
| Q3 24 | $-159.4M | $141.0M | ||
| Q2 24 | $58.5M | $332.0M | ||
| Q1 24 | $266.1M | $76.0M |
| Q4 25 | — | $96.0M | ||
| Q3 25 | $134.6M | $218.0M | ||
| Q2 25 | $128.2M | $181.0M | ||
| Q1 25 | $76.8M | $43.0M | ||
| Q4 24 | $265.8M | $335.0M | ||
| Q3 24 | $-179.0M | $99.0M | ||
| Q2 24 | $41.6M | $300.0M | ||
| Q1 24 | $249.5M | $30.0M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | 11.0% | 13.6% | ||
| Q2 25 | 11.4% | 11.4% | ||
| Q1 25 | 7.2% | 2.8% | ||
| Q4 24 | 23.6% | 21.0% | ||
| Q3 24 | -19.0% | 6.3% | ||
| Q2 24 | 4.6% | 18.7% | ||
| Q1 24 | 24.0% | 1.8% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | 3.3% | 2.9% | ||
| Q2 25 | 2.6% | 2.4% | ||
| Q1 25 | 2.5% | 2.1% | ||
| Q4 24 | 7.4% | 3.5% | ||
| Q3 24 | 2.1% | 2.7% | ||
| Q2 24 | 1.9% | 2.0% | ||
| Q1 24 | 1.6% | 2.8% |
| Q4 25 | — | — | ||
| Q3 25 | 3.47× | 1.65× | ||
| Q2 25 | 17.50× | 1.52× | ||
| Q1 25 | 2.33× | 0.86× | ||
| Q4 24 | 9.44× | 3.58× | ||
| Q3 24 | -11.20× | 0.39× | ||
| Q2 24 | — | 1.70× | ||
| Q1 24 | 5.37× | 0.38× |
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% |
OGN
Segment breakdown not available.
