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Side-by-side financial comparison of CIENA CORP (CIEN) and UPBOUND GROUP, INC. (UPBD). Click either name above to swap in a different company.
CIENA CORP is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× UPBOUND GROUP, INC.). CIENA CORP runs the higher net margin — 4.1% vs 1.7%, a 2.5% gap on every dollar of revenue. CIENA CORP produced more free cash flow last quarter ($134.6M vs $24.0M). Over the past eight quarters, UPBOUND GROUP, INC.'s revenue compounded faster (4.5% 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).
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
CIEN vs UPBD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $50.3M | $19.7M |
| Gross Margin | 41.3% | 49.0% |
| Operating Margin | 6.0% | 4.8% |
| Net Margin | 4.1% | 1.7% |
| Revenue YoY | — | 10.9% |
| Net Profit YoY | — | -36.3% |
| EPS (diluted) | $0.35 | $0.35 |
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 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $942.3M | $1.1B | ||
| Q2 24 | $910.8M | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| Q4 25 | — | $19.7M | ||
| Q3 25 | $50.3M | $13.2M | ||
| Q2 25 | $9.0M | $15.5M | ||
| Q1 25 | $44.6M | $24.8M | ||
| Q4 24 | $37.0M | $31.0M | ||
| Q3 24 | $14.2M | $30.9M | ||
| Q2 24 | $-16.8M | $33.9M | ||
| Q1 24 | $49.5M | $27.7M |
| Q4 25 | — | 49.0% | ||
| Q3 25 | 41.3% | 48.3% | ||
| Q2 25 | 40.2% | 49.4% | ||
| Q1 25 | 44.0% | 46.8% | ||
| Q4 24 | 40.9% | 47.1% | ||
| Q3 24 | 42.9% | 47.8% | ||
| Q2 24 | 42.7% | 49.4% | ||
| Q1 24 | 45.0% | 48.3% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 6.0% | 4.5% | ||
| Q2 25 | 2.9% | 4.4% | ||
| Q1 25 | 7.5% | 5.3% | ||
| Q4 24 | 5.3% | 7.3% | ||
| Q3 24 | 2.8% | 6.6% | ||
| Q2 24 | -0.4% | 7.5% | ||
| Q1 24 | 8.2% | 5.6% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | 4.1% | 1.1% | ||
| Q2 25 | 0.8% | 1.3% | ||
| Q1 25 | 4.2% | 2.1% | ||
| Q4 24 | 3.3% | 2.9% | ||
| Q3 24 | 1.5% | 2.9% | ||
| Q2 24 | -1.8% | 3.2% | ||
| Q1 24 | 4.8% | 2.5% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | $0.35 | $0.22 | ||
| Q2 25 | $0.06 | $0.26 | ||
| Q1 25 | $0.31 | $0.42 | ||
| Q4 24 | $0.26 | $0.55 | ||
| Q3 24 | $0.10 | $0.55 | ||
| Q2 24 | $-0.12 | $0.61 | ||
| Q1 24 | $0.34 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $695.7M |
| Total Assets | $5.7B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $120.5M | ||
| Q3 25 | $1.3B | $107.0M | ||
| Q2 25 | $1.3B | $106.8M | ||
| Q1 25 | $1.2B | $107.3M | ||
| Q4 24 | $1.3B | $60.9M | ||
| Q3 24 | $1.1B | $85.1M | ||
| Q2 24 | $1.3B | $82.5M | ||
| Q1 24 | $1.4B | $84.8M |
| Q4 25 | — | $695.7M | ||
| Q3 25 | $2.8B | $687.3M | ||
| Q2 25 | $2.8B | $685.5M | ||
| Q1 25 | $2.8B | $679.2M | ||
| Q4 24 | $2.8B | $629.0M | ||
| Q3 24 | $2.9B | $611.8M | ||
| Q2 24 | $2.9B | $596.3M | ||
| Q1 24 | $2.9B | $578.3M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $5.7B | $3.2B | ||
| Q2 25 | $5.7B | $3.1B | ||
| Q1 25 | $5.6B | $3.0B | ||
| Q4 24 | $5.6B | $2.6B | ||
| Q3 24 | $5.6B | $2.6B | ||
| Q2 24 | $5.6B | $2.6B | ||
| Q1 24 | $5.6B | $2.6B |
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 | $41.6M |
| Free Cash FlowOCF − Capex | $134.6M | $24.0M |
| FCF MarginFCF / Revenue | 11.0% | 2.0% |
| Capex IntensityCapex / Revenue | 3.3% | 1.5% |
| Cash ConversionOCF / Net Profit | 3.47× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | $605.5M | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $41.6M | ||
| Q3 25 | $174.3M | $118.4M | ||
| Q2 25 | $156.9M | $7.8M | ||
| Q1 25 | $103.7M | $137.7M | ||
| Q4 24 | $349.4M | $-61.9M | ||
| Q3 24 | $-159.4M | $106.2M | ||
| Q2 24 | $58.5M | $15.0M | ||
| Q1 24 | $266.1M | $45.4M |
| Q4 25 | — | $24.0M | ||
| Q3 25 | $134.6M | $97.9M | ||
| Q2 25 | $128.2M | $-10.4M | ||
| Q1 25 | $76.8M | $127.2M | ||
| Q4 24 | $265.8M | $-74.0M | ||
| Q3 24 | $-179.0M | $88.3M | ||
| Q2 24 | $41.6M | $613.0K | ||
| Q1 24 | $249.5M | $33.6M |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 11.0% | 8.4% | ||
| Q2 25 | 11.4% | -0.9% | ||
| Q1 25 | 7.2% | 10.8% | ||
| Q4 24 | 23.6% | -6.9% | ||
| Q3 24 | -19.0% | 8.3% | ||
| Q2 24 | 4.6% | 0.1% | ||
| Q1 24 | 24.0% | 3.1% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 3.3% | 1.8% | ||
| Q2 25 | 2.6% | 1.6% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 7.4% | 1.1% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 1.9% | 1.3% | ||
| Q1 24 | 1.6% | 1.1% |
| Q4 25 | — | 2.11× | ||
| Q3 25 | 3.47× | 8.96× | ||
| Q2 25 | 17.50× | 0.50× | ||
| Q1 25 | 2.33× | 5.56× | ||
| Q4 24 | 9.44× | -2.00× | ||
| Q3 24 | -11.20× | 3.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | 5.37× | 1.64× |
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% |
UPBD
Segment breakdown not available.
