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Side-by-side financial comparison of CIENA CORP (CIEN) and Roper Technologies (ROP). Click either name above to swap in a different company.
Roper Technologies is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× CIENA CORP). Roper Technologies runs the higher net margin — 15.8% vs 4.1%, a 11.7% gap on every dollar of revenue. Roper Technologies produced more free cash flow last quarter ($507.0M vs $134.6M). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% 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).
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
CIEN vs ROP — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.1B |
| Net Profit | $50.3M | $331.0M |
| Gross Margin | 41.3% | 69.4% |
| Operating Margin | 6.0% | 27.2% |
| Net Margin | 4.1% | 15.8% |
| Revenue YoY | — | 11.3% |
| Net Profit YoY | — | 53.7% |
| EPS (diluted) | $0.35 | $4.87 |
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.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $942.3M | $1.8B | ||
| Q2 24 | $910.8M | $1.7B |
| Q1 26 | — | $331.0M | ||
| Q4 25 | — | $428.4M | ||
| Q3 25 | $50.3M | $398.5M | ||
| Q2 25 | $9.0M | $378.3M | ||
| Q1 25 | $44.6M | $331.1M | ||
| Q4 24 | $37.0M | $462.3M | ||
| Q3 24 | $14.2M | $367.9M | ||
| Q2 24 | $-16.8M | $337.1M |
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | 41.3% | 69.5% | ||
| Q2 25 | 40.2% | 69.2% | ||
| Q1 25 | 44.0% | 68.7% | ||
| Q4 24 | 40.9% | 68.3% | ||
| Q3 24 | 42.9% | 69.2% | ||
| Q2 24 | 42.7% | 69.5% |
| Q1 26 | — | 27.2% | ||
| Q4 25 | — | 28.6% | ||
| Q3 25 | 6.0% | 28.4% | ||
| Q2 25 | 2.9% | 28.2% | ||
| Q1 25 | 7.5% | 27.9% | ||
| Q4 24 | 5.3% | 28.0% | ||
| Q3 24 | 2.8% | 28.1% | ||
| Q2 24 | -0.4% | 28.8% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | 4.1% | 19.8% | ||
| Q2 25 | 0.8% | 19.5% | ||
| Q1 25 | 4.2% | 17.6% | ||
| Q4 24 | 3.3% | 24.6% | ||
| Q3 24 | 1.5% | 20.8% | ||
| Q2 24 | -1.8% | 19.6% |
| Q1 26 | — | $4.87 | ||
| Q4 25 | — | $3.97 | ||
| Q3 25 | $0.35 | $3.68 | ||
| Q2 25 | $0.06 | $3.49 | ||
| Q1 25 | $0.31 | $3.06 | ||
| Q4 24 | $0.26 | $4.29 | ||
| Q3 24 | $0.10 | $3.40 | ||
| Q2 24 | $-0.12 | $3.12 |
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 | $382.9M |
| Total DebtLower is stronger | — | $9.7B |
| Stockholders' EquityBook value | $2.8B | $18.8B |
| Total Assets | $5.7B | $34.6B |
| Debt / EquityLower = less leverage | — | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.9M | ||
| Q4 25 | — | $297.4M | ||
| Q3 25 | $1.3B | $320.0M | ||
| Q2 25 | $1.3B | $242.4M | ||
| Q1 25 | $1.2B | $372.8M | ||
| Q4 24 | $1.3B | $188.2M | ||
| Q3 24 | $1.1B | $269.6M | ||
| Q2 24 | $1.3B | $251.5M |
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $18.8B | ||
| Q4 25 | — | $19.9B | ||
| Q3 25 | $2.8B | $20.0B | ||
| Q2 25 | $2.8B | $19.6B | ||
| Q1 25 | $2.8B | $19.2B | ||
| Q4 24 | $2.8B | $18.9B | ||
| Q3 24 | $2.9B | $18.5B | ||
| Q2 24 | $2.9B | $18.1B |
| Q1 26 | — | $34.6B | ||
| Q4 25 | — | $34.6B | ||
| Q3 25 | $5.7B | $34.6B | ||
| Q2 25 | $5.7B | $33.2B | ||
| Q1 25 | $5.6B | $31.4B | ||
| Q4 24 | $5.6B | $31.3B | ||
| Q3 24 | $5.6B | $31.6B | ||
| Q2 24 | $5.6B | $29.8B |
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $134.6M | $507.0M |
| FCF MarginFCF / Revenue | 11.0% | 24.2% |
| Capex IntensityCapex / Revenue | 3.3% | 0.5% |
| Cash ConversionOCF / Net Profit | 3.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $738.0M | ||
| Q3 25 | $174.3M | $869.5M | ||
| Q2 25 | $156.9M | $404.1M | ||
| Q1 25 | $103.7M | $528.7M | ||
| Q4 24 | $349.4M | $722.2M | ||
| Q3 24 | $-159.4M | $755.4M | ||
| Q2 24 | $58.5M | $384.1M |
| Q1 26 | — | $507.0M | ||
| 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 26 | — | 24.2% | ||
| 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 26 | — | 0.5% | ||
| 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 26 | — | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | 3.47× | 2.18× | ||
| Q2 25 | 17.50× | 1.07× | ||
| Q1 25 | 2.33× | 1.60× | ||
| Q4 24 | 9.44× | 1.56× | ||
| Q3 24 | -11.20× | 2.05× | ||
| Q2 24 | — | 1.14× |
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% |
ROP
Segment breakdown not available.
