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Side-by-side financial comparison of CIENA CORP (CIEN) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $853.7M, roughly 1.4× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 4.1%, a 19.0% gap on every dollar of revenue. Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% 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).
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
CIEN vs PRI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $853.7M |
| Net Profit | $50.3M | $197.0M |
| Gross Margin | 41.3% | — |
| Operating Margin | 6.0% | 28.9% |
| Net Margin | 4.1% | 23.1% |
| Revenue YoY | — | 11.0% |
| Net Profit YoY | — | 17.9% |
| EPS (diluted) | $0.35 | $6.11 |
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 | — | $853.7M | ||
| Q3 25 | $1.2B | $839.9M | ||
| Q2 25 | $1.1B | $793.3M | ||
| Q1 25 | $1.1B | $804.8M | ||
| Q4 24 | $1.1B | $768.8M | ||
| Q3 24 | $942.3M | $774.1M | ||
| Q2 24 | $910.8M | $803.4M | ||
| Q1 24 | $1.0B | $742.8M |
| Q4 25 | — | $197.0M | ||
| Q3 25 | $50.3M | $206.8M | ||
| Q2 25 | $9.0M | $178.3M | ||
| Q1 25 | $44.6M | $169.1M | ||
| Q4 24 | $37.0M | $167.1M | ||
| Q3 24 | $14.2M | $164.4M | ||
| Q2 24 | $-16.8M | $1.2M | ||
| Q1 24 | $49.5M | $137.9M |
| 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% | 98.0% | ||
| Q1 24 | 45.0% | 98.2% |
| Q4 25 | — | 28.9% | ||
| Q3 25 | 6.0% | 32.3% | ||
| Q2 25 | 2.9% | 29.6% | ||
| Q1 25 | 7.5% | 27.5% | ||
| Q4 24 | 5.3% | 64.7% | ||
| Q3 24 | 2.8% | 32.9% | ||
| Q2 24 | -0.4% | 1.0% | ||
| Q1 24 | 8.2% | 24.1% |
| Q4 25 | — | 23.1% | ||
| Q3 25 | 4.1% | 24.6% | ||
| Q2 25 | 0.8% | 22.5% | ||
| Q1 25 | 4.2% | 21.0% | ||
| Q4 24 | 3.3% | 21.7% | ||
| Q3 24 | 1.5% | 21.2% | ||
| Q2 24 | -1.8% | 0.1% | ||
| Q1 24 | 4.8% | 18.6% |
| Q4 25 | — | $6.11 | ||
| Q3 25 | $0.35 | $6.35 | ||
| Q2 25 | $0.06 | $5.40 | ||
| Q1 25 | $0.31 | $5.05 | ||
| Q4 24 | $0.26 | $4.92 | ||
| Q3 24 | $0.10 | $4.83 | ||
| Q2 24 | $-0.12 | $0.03 | ||
| Q1 24 | $0.34 | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $2.4B |
| Total Assets | $5.7B | $15.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $756.2M | ||
| Q3 25 | $1.3B | $644.9M | ||
| Q2 25 | $1.3B | $621.2M | ||
| Q1 25 | $1.2B | $625.1M | ||
| Q4 24 | $1.3B | $687.8M | ||
| Q3 24 | $1.1B | $550.1M | ||
| Q2 24 | $1.3B | $627.3M | ||
| Q1 24 | $1.4B | $593.4M |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $2.8B | $2.3B | ||
| Q2 25 | $2.8B | $2.3B | ||
| Q1 25 | $2.8B | $2.3B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $2.9B | $2.2B |
| Q4 25 | — | $15.0B | ||
| Q3 25 | $5.7B | $14.8B | ||
| Q2 25 | $5.7B | $14.8B | ||
| Q1 25 | $5.6B | $14.6B | ||
| Q4 24 | $5.6B | $14.6B | ||
| Q3 24 | $5.6B | $14.8B | ||
| Q2 24 | $5.6B | $14.6B | ||
| Q1 24 | $5.6B | $14.9B |
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 | $338.2M |
| Free Cash FlowOCF − Capex | $134.6M | — |
| FCF MarginFCF / Revenue | 11.0% | — |
| Capex IntensityCapex / Revenue | 3.3% | — |
| Cash ConversionOCF / Net Profit | 3.47× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.2M | ||
| Q3 25 | $174.3M | $202.9M | ||
| Q2 25 | $156.9M | $162.6M | ||
| Q1 25 | $103.7M | $197.5M | ||
| Q4 24 | $349.4M | $270.6M | ||
| Q3 24 | $-159.4M | $207.3M | ||
| Q2 24 | $58.5M | $173.3M | ||
| Q1 24 | $266.1M | $210.9M |
| Q4 25 | — | — | ||
| Q3 25 | $134.6M | — | ||
| 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 | — | — | ||
| Q3 25 | 11.0% | — | ||
| 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 | — | — | ||
| Q3 25 | 3.3% | — | ||
| 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 | — | 1.72× | ||
| Q3 25 | 3.47× | 0.98× | ||
| Q2 25 | 17.50× | 0.91× | ||
| Q1 25 | 2.33× | 1.17× | ||
| Q4 24 | 9.44× | 1.62× | ||
| Q3 24 | -11.20× | 1.26× | ||
| Q2 24 | — | 147.98× | ||
| Q1 24 | 5.37× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
