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Side-by-side financial comparison of CIENA CORP (CIEN) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.4× CIENA CORP). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs 4.1%, a 9.6% gap on every dollar of revenue. Over the past eight quarters, SS&C Technologies Holdings Inc's revenue compounded faster (6.5% 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).
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
CIEN vs SSNC — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | $50.3M | $226.1M |
| Gross Margin | 41.3% | 48.7% |
| Operating Margin | 6.0% | 24.2% |
| Net Margin | 4.1% | 13.7% |
| Revenue YoY | — | 8.8% |
| Net Profit YoY | — | 6.2% |
| EPS (diluted) | $0.35 | $0.91 |
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 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $942.3M | $1.5B | ||
| Q2 24 | $910.8M | $1.5B |
| Q1 26 | — | $226.1M | ||
| Q4 25 | — | $193.1M | ||
| Q3 25 | $50.3M | $210.0M | ||
| Q2 25 | $9.0M | $180.8M | ||
| Q1 25 | $44.6M | $213.0M | ||
| Q4 24 | $37.0M | $248.2M | ||
| Q3 24 | $14.2M | $164.4M | ||
| Q2 24 | $-16.8M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | 41.3% | 47.7% | ||
| Q2 25 | 40.2% | 48.0% | ||
| Q1 25 | 44.0% | 49.3% | ||
| Q4 24 | 40.9% | 49.3% | ||
| Q3 24 | 42.9% | 48.0% | ||
| Q2 24 | 42.7% | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | — | 22.3% | ||
| Q3 25 | 6.0% | 23.3% | ||
| Q2 25 | 2.9% | 22.4% | ||
| Q1 25 | 7.5% | 23.6% | ||
| Q4 24 | 5.3% | 23.4% | ||
| Q3 24 | 2.8% | 22.2% | ||
| Q2 24 | -0.4% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | 4.1% | 13.4% | ||
| Q2 25 | 0.8% | 11.8% | ||
| Q1 25 | 4.2% | 14.1% | ||
| Q4 24 | 3.3% | 16.2% | ||
| Q3 24 | 1.5% | 11.2% | ||
| Q2 24 | -1.8% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | — | $0.76 | ||
| Q3 25 | $0.35 | $0.83 | ||
| Q2 25 | $0.06 | $0.72 | ||
| Q1 25 | $0.31 | $0.84 | ||
| Q4 24 | $0.26 | $0.98 | ||
| Q3 24 | $0.10 | $0.65 | ||
| Q2 24 | $-0.12 | $0.75 |
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 | $420.9M |
| Total DebtLower is stronger | — | $7.4B |
| Stockholders' EquityBook value | $2.8B | $6.9B |
| Total Assets | $5.7B | $20.3B |
| Debt / EquityLower = less leverage | — | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | — | $462.1M | ||
| Q3 25 | $1.3B | $388.3M | ||
| Q2 25 | $1.3B | $480.3M | ||
| Q1 25 | $1.2B | $515.0M | ||
| Q4 24 | $1.3B | $567.1M | ||
| Q3 24 | $1.1B | $694.7M | ||
| Q2 24 | $1.3B | $462.7M |
| Q1 26 | — | $7.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.9B | ||
| Q4 25 | — | $6.9B | ||
| Q3 25 | $2.8B | $6.9B | ||
| Q2 25 | $2.8B | $6.9B | ||
| Q1 25 | $2.8B | $6.8B | ||
| Q4 24 | $2.8B | $6.5B | ||
| Q3 24 | $2.9B | $6.8B | ||
| Q2 24 | $2.9B | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | — | $20.7B | ||
| Q3 25 | $5.7B | $19.5B | ||
| Q2 25 | $5.7B | $19.0B | ||
| Q1 25 | $5.6B | $20.4B | ||
| Q4 24 | $5.6B | $19.0B | ||
| Q3 24 | $5.6B | $18.4B | ||
| Q2 24 | $5.6B | $16.9B |
| Q1 26 | — | 1.08× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $299.7M |
| Free Cash FlowOCF − Capex | $134.6M | — |
| FCF MarginFCF / Revenue | 11.0% | — |
| Capex IntensityCapex / Revenue | 3.3% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.47× | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | — | $643.5M | ||
| Q3 25 | $174.3M | $456.2M | ||
| Q2 25 | $156.9M | $372.9M | ||
| Q1 25 | $103.7M | $272.2M | ||
| Q4 24 | $349.4M | $486.6M | ||
| Q3 24 | $-159.4M | $336.6M | ||
| Q2 24 | $58.5M | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $633.0M | ||
| Q3 25 | $134.6M | $421.5M | ||
| Q2 25 | $128.2M | $350.0M | ||
| Q1 25 | $76.8M | $259.5M | ||
| Q4 24 | $265.8M | $466.9M | ||
| Q3 24 | $-179.0M | $310.7M | ||
| Q2 24 | $41.6M | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 38.3% | ||
| Q3 25 | 11.0% | 26.9% | ||
| Q2 25 | 11.4% | 22.8% | ||
| Q1 25 | 7.2% | 17.1% | ||
| Q4 24 | 23.6% | 30.5% | ||
| Q3 24 | -19.0% | 21.2% | ||
| Q2 24 | 4.6% | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | 3.3% | 2.2% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 7.4% | 1.3% | ||
| Q3 24 | 2.1% | 1.8% | ||
| Q2 24 | 1.9% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | 3.47× | 2.17× | ||
| Q2 25 | 17.50× | 2.06× | ||
| Q1 25 | 2.33× | 1.28× | ||
| Q4 24 | 9.44× | 1.96× | ||
| Q3 24 | -11.20× | 2.05× | ||
| Q2 24 | — | 2.02× |
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% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
