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Side-by-side financial comparison of CIENA CORP (CIEN) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $809.5M, roughly 1.5× Construction Partners, Inc.). CIENA CORP runs the higher net margin — 4.1% vs 2.1%, a 2.0% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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).
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
CIEN vs ROAD — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $809.5M |
| Net Profit | $50.3M | $17.2M |
| Gross Margin | 41.3% | 15.0% |
| Operating Margin | 6.0% | 6.2% |
| Net Margin | 4.1% | 2.1% |
| Revenue YoY | — | 44.1% |
| Net Profit YoY | — | 663.9% |
| EPS (diluted) | $0.35 | $0.31 |
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 | — | $809.5M | ||
| Q3 25 | $1.2B | $899.8M | ||
| Q2 25 | $1.1B | $779.3M | ||
| Q1 25 | $1.1B | $571.6M | ||
| Q4 24 | $1.1B | $561.6M | ||
| Q3 24 | $942.3M | $538.2M | ||
| Q2 24 | $910.8M | $517.8M | ||
| Q1 24 | $1.0B | $371.4M |
| Q4 25 | — | $17.2M | ||
| Q3 25 | $50.3M | $56.6M | ||
| Q2 25 | $9.0M | $44.0M | ||
| Q1 25 | $44.6M | $4.2M | ||
| Q4 24 | $37.0M | $-3.1M | ||
| Q3 24 | $14.2M | $29.3M | ||
| Q2 24 | $-16.8M | $30.9M | ||
| Q1 24 | $49.5M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | 41.3% | 17.7% | ||
| Q2 25 | 40.2% | 16.9% | ||
| Q1 25 | 44.0% | 12.5% | ||
| Q4 24 | 40.9% | 13.6% | ||
| Q3 24 | 42.9% | 15.6% | ||
| Q2 24 | 42.7% | 16.1% | ||
| Q1 24 | 45.0% | 10.4% |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 6.0% | 11.2% | ||
| Q2 25 | 2.9% | 10.6% | ||
| Q1 25 | 7.5% | 4.8% | ||
| Q4 24 | 5.3% | 2.5% | ||
| Q3 24 | 2.8% | 8.5% | ||
| Q2 24 | -0.4% | 8.8% | ||
| Q1 24 | 8.2% | 0.8% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 4.1% | 6.3% | ||
| Q2 25 | 0.8% | 5.7% | ||
| Q1 25 | 4.2% | 0.7% | ||
| Q4 24 | 3.3% | -0.5% | ||
| Q3 24 | 1.5% | 5.4% | ||
| Q2 24 | -1.8% | 6.0% | ||
| Q1 24 | 4.8% | -0.3% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | $0.35 | $1.03 | ||
| Q2 25 | $0.06 | $0.79 | ||
| Q1 25 | $0.31 | $0.08 | ||
| Q4 24 | $0.26 | $-0.06 | ||
| Q3 24 | $0.10 | $0.55 | ||
| Q2 24 | $-0.12 | $0.59 | ||
| Q1 24 | $0.34 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $969.1M |
| Total Assets | $5.7B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $1.3B | $156.1M | ||
| Q2 25 | $1.3B | $114.3M | ||
| Q1 25 | $1.2B | $101.9M | ||
| Q4 24 | $1.3B | $132.5M | ||
| Q3 24 | $1.1B | $74.7M | ||
| Q2 24 | $1.3B | $56.3M | ||
| Q1 24 | $1.4B | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $969.1M | ||
| Q3 25 | $2.8B | $912.0M | ||
| Q2 25 | $2.8B | $853.3M | ||
| Q1 25 | $2.8B | $807.9M | ||
| Q4 24 | $2.8B | $811.1M | ||
| Q3 24 | $2.9B | $573.7M | ||
| Q2 24 | $2.9B | $552.9M | ||
| Q1 24 | $2.9B | $525.0M |
| Q4 25 | — | $3.4B | ||
| Q3 25 | $5.7B | $3.2B | ||
| Q2 25 | $5.7B | $2.9B | ||
| Q1 25 | $5.6B | $2.8B | ||
| Q4 24 | $5.6B | $2.6B | ||
| Q3 24 | $5.6B | $1.5B | ||
| Q2 24 | $5.6B | $1.4B | ||
| Q1 24 | $5.6B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $82.6M |
| Free Cash FlowOCF − Capex | $134.6M | $47.1M |
| FCF MarginFCF / Revenue | 11.0% | 5.8% |
| Capex IntensityCapex / Revenue | 3.3% | 4.4% |
| Cash ConversionOCF / Net Profit | 3.47× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $82.6M | ||
| Q3 25 | $174.3M | $112.0M | ||
| Q2 25 | $156.9M | $83.0M | ||
| Q1 25 | $103.7M | $55.6M | ||
| Q4 24 | $349.4M | $40.7M | ||
| Q3 24 | $-159.4M | $95.9M | ||
| Q2 24 | $58.5M | $34.6M | ||
| Q1 24 | $266.1M | $18.2M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | $134.6M | $78.9M | ||
| Q2 25 | $128.2M | $46.4M | ||
| Q1 25 | $76.8M | $14.2M | ||
| Q4 24 | $265.8M | $13.8M | ||
| Q3 24 | $-179.0M | $78.4M | ||
| Q2 24 | $41.6M | $19.7M | ||
| Q1 24 | $249.5M | $-10.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | 11.0% | 8.8% | ||
| Q2 25 | 11.4% | 5.9% | ||
| Q1 25 | 7.2% | 2.5% | ||
| Q4 24 | 23.6% | 2.5% | ||
| Q3 24 | -19.0% | 14.6% | ||
| Q2 24 | 4.6% | 3.8% | ||
| Q1 24 | 24.0% | -2.8% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | 3.3% | 3.7% | ||
| Q2 25 | 2.6% | 4.7% | ||
| Q1 25 | 2.5% | 7.2% | ||
| Q4 24 | 7.4% | 4.8% | ||
| Q3 24 | 2.1% | 3.3% | ||
| Q2 24 | 1.9% | 2.9% | ||
| Q1 24 | 1.6% | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | 3.47× | 1.98× | ||
| Q2 25 | 17.50× | 1.88× | ||
| Q1 25 | 2.33× | 13.20× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | -11.20× | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| 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% |
ROAD
Segment breakdown not available.
