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Broadridge Financial Solutions（BR）与CIENA CORP（CIEN）财务数据对比。点击上方公司名可切换其他公司
Broadridge Financial Solutions的季度营收约是CIENA CORP的1.4倍（$1.7B vs $1.2B），Broadridge Financial Solutions净利率更高（16.6% vs 4.1%，领先12.5%），过去两年Broadridge Financial Solutions的营收复合增速更高（10.4% vs 3.9%）
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
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。
BR vs CIEN — 直观对比
营收规模更大
BR
是对方的1.4倍
$1.2B
净利率更高
BR
高出12.5%
4.1%
两年增速更快
BR
近两年复合增速
3.9%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $284.6M | $50.3M |
| 毛利率 | 27.6% | 41.3% |
| 营业利润率 | 12.0% | 6.0% |
| 净利率 | 16.6% | 4.1% |
| 营收同比 | -5.4% | — |
| 净利润同比 | 17.1% | — |
| 每股收益（稀释后） | $2.42 | $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BRCIEN
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.4B | $942.3M | ||
| Q2 24 | $1.9B | $910.8M | ||
| Q1 24 | $1.7B | $1.0B |
净利润BRCIEN
| Q4 25 | $284.6M | — | ||
| Q3 25 | — | $50.3M | ||
| Q2 25 | $374.2M | $9.0M | ||
| Q1 25 | $243.1M | $44.6M | ||
| Q4 24 | $142.4M | $37.0M | ||
| Q3 24 | $79.8M | $14.2M | ||
| Q2 24 | $323.2M | $-16.8M | ||
| Q1 24 | $213.7M | $49.5M |
毛利率BRCIEN
| Q4 25 | 27.6% | — | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | 37.3% | 40.2% | ||
| Q1 25 | 31.8% | 44.0% | ||
| Q4 24 | 27.9% | 40.9% | ||
| Q3 24 | 24.5% | 42.9% | ||
| Q2 24 | 35.5% | 42.7% | ||
| Q1 24 | 31.2% | 45.0% |
营业利润率BRCIEN
| Q4 25 | 12.0% | — | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | 24.1% | 2.9% | ||
| Q1 25 | 19.0% | 7.5% | ||
| Q4 24 | 13.3% | 5.3% | ||
| Q3 24 | 9.4% | 2.8% | ||
| Q2 24 | 22.7% | -0.4% | ||
| Q1 24 | 17.5% | 8.2% |
净利率BRCIEN
| Q4 25 | 16.6% | — | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | 18.1% | 0.8% | ||
| Q1 25 | 13.4% | 4.2% | ||
| Q4 24 | 9.0% | 3.3% | ||
| Q3 24 | 5.6% | 1.5% | ||
| Q2 24 | 16.6% | -1.8% | ||
| Q1 24 | 12.4% | 4.8% |
每股收益（稀释后）BRCIEN
| Q4 25 | $2.42 | — | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | $3.17 | $0.06 | ||
| Q1 25 | $2.05 | $0.31 | ||
| Q4 24 | $1.20 | $0.26 | ||
| Q3 24 | $0.68 | $0.10 | ||
| Q2 24 | $2.72 | $-0.12 | ||
| Q1 24 | $1.79 | $0.34 |
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 | $371.5M | $1.3B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.9B | $2.8B |
| 总资产 | $8.6B | $5.7B |
| 负债/权益比越低杠杆越低 | 1.10× | — |
8季度趋势，按日历期对齐
现金及短期投资BRCIEN
| Q4 25 | $371.5M | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $562.2M | $1.3B | ||
| Q1 25 | $317.9M | $1.2B | ||
| Q4 24 | $290.6M | $1.3B | ||
| Q3 24 | $293.5M | $1.1B | ||
| Q2 24 | $305.2M | $1.3B | ||
| Q1 24 | $236.4M | $1.4B |
总债务BRCIEN
| Q4 25 | $3.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | — |
股东权益BRCIEN
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $2.7B | $2.8B | ||
| Q1 25 | $2.4B | $2.8B | ||
| Q4 24 | $2.2B | $2.8B | ||
| Q3 24 | $2.2B | $2.9B | ||
| Q2 24 | $2.2B | $2.9B | ||
| Q1 24 | $2.3B | $2.9B |
总资产BRCIEN
| Q4 25 | $8.6B | — | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $8.5B | $5.7B | ||
| Q1 25 | $8.3B | $5.6B | ||
| Q4 24 | $8.2B | $5.6B | ||
| Q3 24 | $8.0B | $5.6B | ||
| Q2 24 | $8.2B | $5.6B | ||
| Q1 24 | $8.2B | $5.6B |
负债/权益比BRCIEN
| Q4 25 | 1.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 1.55× | — |
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 | — | $174.3M |
| 自由现金流经营现金流 - 资本支出 | — | $134.6M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 现金转化率经营现金流/净利润 | — | 3.47× |
| 过去12个月自由现金流最近4个季度 | — | $605.5M |
8季度趋势，按日历期对齐
经营现金流BRCIEN
| Q4 25 | — | — | ||
| Q3 25 | — | $174.3M | ||
| Q2 25 | $699.7M | $156.9M | ||
| Q1 25 | $360.4M | $103.7M | ||
| Q4 24 | $236.7M | $349.4M | ||
| Q3 24 | $-125.5M | $-159.4M | ||
| Q2 24 | $721.0M | $58.5M | ||
| Q1 24 | $207.4M | $266.1M |
自由现金流BRCIEN
| Q4 25 | — | — | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | $684.1M | $128.2M | ||
| Q1 25 | $348.9M | $76.8M | ||
| Q4 24 | $227.9M | $265.8M | ||
| Q3 24 | $-133.4M | $-179.0M | ||
| Q2 24 | $703.2M | $41.6M | ||
| Q1 24 | $184.6M | $249.5M |
自由现金流率BRCIEN
| Q4 25 | — | — | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | 33.1% | 11.4% | ||
| Q1 25 | 19.3% | 7.2% | ||
| Q4 24 | 14.3% | 23.6% | ||
| Q3 24 | -9.4% | -19.0% | ||
| Q2 24 | 36.2% | 4.6% | ||
| Q1 24 | 10.7% | 24.0% |
资本支出强度BRCIEN
| Q4 25 | — | — | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | 0.8% | 2.6% | ||
| Q1 25 | 0.6% | 2.5% | ||
| Q4 24 | 0.6% | 7.4% | ||
| Q3 24 | 0.6% | 2.1% | ||
| Q2 24 | 0.9% | 1.9% | ||
| Q1 24 | 1.3% | 1.6% |
现金转化率BRCIEN
| Q4 25 | — | — | ||
| Q3 25 | — | 3.47× | ||
| Q2 25 | 1.87× | 17.50× | ||
| Q1 25 | 1.48× | 2.33× | ||
| Q4 24 | 1.66× | 9.44× | ||
| Q3 24 | -1.57× | -11.20× | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 0.97× | 5.37× |
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
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
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% |
