vs
AutoZone（AZO）与CIENA CORP（CIEN）财务数据对比。点击上方公司名可切换其他公司
AutoZone的季度营收约是CIENA CORP的3.5倍（$4.3B vs $1.2B）。AutoZone净利率更高（11.0% vs 4.1%，领先6.8%）。CIENA CORP自由现金流更多（$134.6M vs $35.6M）。过去两年CIENA CORP的营收复合增速更高（3.9% vs 0.5%）
AutoZone是美国规模最大的汽车售后零部件及配件零售商，1979年正式成立，总部位于田纳西州孟菲斯。目前企业在全美、墨西哥、波多黎各、巴西及美属维尔京群岛共开设7140家门店，为车主及汽修从业人员提供多元齐全的汽车相关配件产品。
Ciena是总部位于美国马里兰州汉诺威的光网络系统及软件提供商，是光连接领域的核心参与者。截至2025年11月，公司营收达48亿美元，全球员工超9000人，由加里·史密斯担任总裁兼首席执行官。
AZO vs CIEN — 直观对比
营收规模更大
AZO
是对方的3.5倍
$1.2B
净利率更高
AZO
高出6.8%
4.1%
自由现金流更多
CIEN
多$99.0M
$35.6M
两年增速更快
CIEN
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $1.2B |
| 净利润 | $468.9M | $50.3M |
| 毛利率 | 52.5% | 41.3% |
| 营业利润率 | 16.3% | 6.0% |
| 净利率 | 11.0% | 4.1% |
| 营收同比 | 8.1% | — |
| 净利润同比 | -3.9% | — |
| 每股收益（稀释后） | $27.63 | $0.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AZOCIEN
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $6.2B | $1.2B | ||
| Q2 25 | $4.5B | $1.1B | ||
| Q1 25 | $4.0B | $1.1B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $6.2B | $942.3M | ||
| Q2 24 | $4.2B | $910.8M |
净利润AZOCIEN
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | — | ||
| Q3 25 | $837.0M | $50.3M | ||
| Q2 25 | $608.4M | $9.0M | ||
| Q1 25 | $487.9M | $44.6M | ||
| Q4 24 | $564.9M | $37.0M | ||
| Q3 24 | $902.2M | $14.2M | ||
| Q2 24 | $651.7M | $-16.8M |
毛利率AZOCIEN
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | — | ||
| Q3 25 | 51.5% | 41.3% | ||
| Q2 25 | 52.7% | 40.2% | ||
| Q1 25 | 53.9% | 44.0% | ||
| Q4 24 | 53.0% | 40.9% | ||
| Q3 24 | 52.5% | 42.9% | ||
| Q2 24 | 53.5% | 42.7% |
营业利润率AZOCIEN
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | — | ||
| Q3 25 | 19.2% | 6.0% | ||
| Q2 25 | 19.4% | 2.9% | ||
| Q1 25 | 17.9% | 7.5% | ||
| Q4 24 | 19.7% | 5.3% | ||
| Q3 24 | 20.9% | 2.8% | ||
| Q2 24 | 21.3% | -0.4% |
净利率AZOCIEN
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | — | ||
| Q3 25 | 13.4% | 4.1% | ||
| Q2 25 | 13.6% | 0.8% | ||
| Q1 25 | 12.3% | 4.2% | ||
| Q4 24 | 13.2% | 3.3% | ||
| Q3 24 | 14.5% | 1.5% | ||
| Q2 24 | 15.4% | -1.8% |
每股收益（稀释后）AZOCIEN
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | — | ||
| Q3 25 | $48.70 | $0.35 | ||
| Q2 25 | $35.36 | $0.06 | ||
| Q1 25 | $28.29 | $0.31 | ||
| Q4 24 | $32.52 | $0.26 | ||
| Q3 24 | $51.42 | $0.10 | ||
| Q2 24 | $36.69 | $-0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $285.5M | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.9B | $2.8B |
| 总资产 | $20.4B | $5.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AZOCIEN
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | — | ||
| Q3 25 | $271.8M | $1.3B | ||
| Q2 25 | $268.6M | $1.3B | ||
| Q1 25 | $300.9M | $1.2B | ||
| Q4 24 | $304.0M | $1.3B | ||
| Q3 24 | $298.2M | $1.1B | ||
| Q2 24 | $275.4M | $1.3B |
股东权益AZOCIEN
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | — | ||
| Q3 25 | $-3.4B | $2.8B | ||
| Q2 25 | $-4.0B | $2.8B | ||
| Q1 25 | $-4.5B | $2.8B | ||
| Q4 24 | $-4.7B | $2.8B | ||
| Q3 24 | $-4.7B | $2.9B | ||
| Q2 24 | $-4.8B | $2.9B |
总资产AZOCIEN
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | — | ||
| Q3 25 | $19.4B | $5.7B | ||
| Q2 25 | $18.6B | $5.7B | ||
| Q1 25 | $18.1B | $5.6B | ||
| Q4 24 | $17.5B | $5.6B | ||
| Q3 24 | $17.2B | $5.6B | ||
| Q2 24 | $17.1B | $5.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $373.4M | $174.3M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $134.6M |
| 自由现金流率自由现金流/营收 | 0.8% | 11.0% |
| 资本支出强度资本支出/营收 | 7.9% | 3.3% |
| 现金转化率经营现金流/净利润 | 0.80× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $605.5M |
8季度趋势，按日历期对齐
经营现金流AZOCIEN
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | — | ||
| Q3 25 | $952.8M | $174.3M | ||
| Q2 25 | $769.0M | $156.9M | ||
| Q1 25 | $583.7M | $103.7M | ||
| Q4 24 | $811.8M | $349.4M | ||
| Q3 24 | $1.1B | $-159.4M | ||
| Q2 24 | $669.5M | $58.5M |
自由现金流AZOCIEN
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | — | ||
| Q3 25 | $511.1M | $134.6M | ||
| Q2 25 | $423.1M | $128.2M | ||
| Q1 25 | $291.0M | $76.8M | ||
| Q4 24 | $564.8M | $265.8M | ||
| Q3 24 | $723.5M | $-179.0M | ||
| Q2 24 | $434.4M | $41.6M |
自由现金流率AZOCIEN
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | — | ||
| Q3 25 | 8.2% | 11.0% | ||
| Q2 25 | 9.5% | 11.4% | ||
| Q1 25 | 7.4% | 7.2% | ||
| Q4 24 | 13.2% | 23.6% | ||
| Q3 24 | 11.7% | -19.0% | ||
| Q2 24 | 10.3% | 4.6% |
资本支出强度AZOCIEN
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 7.1% | 3.3% | ||
| Q2 25 | 7.7% | 2.6% | ||
| Q1 25 | 7.4% | 2.5% | ||
| Q4 24 | 5.8% | 7.4% | ||
| Q3 24 | 5.6% | 2.1% | ||
| Q2 24 | 5.6% | 1.9% |
现金转化率AZOCIEN
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.14× | 3.47× | ||
| Q2 25 | 1.26× | 17.50× | ||
| Q1 25 | 1.20× | 2.33× | ||
| Q4 24 | 1.44× | 9.44× | ||
| Q3 24 | 1.19× | -11.20× | ||
| Q2 24 | 1.03× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AZO
暂无分部数据
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% |
