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CIENA CORP（CIEN）与Fabrinet（FN）财务数据对比。点击上方公司名可切换其他公司
CIENA CORP的季度营收约是Fabrinet的1.1倍（$1.2B vs $1.1B）。Fabrinet净利率更高（9.9% vs 4.1%，领先5.8%）。CIENA CORP自由现金流更多（$134.6M vs $-5.3M）。过去两年Fabrinet的营收复合增速更高（24.4% vs 3.9%）
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。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
CIEN vs FN — 直观对比
营收规模更大
CIEN
是对方的1.1倍
$1.1B
净利率更高
FN
高出5.8%
4.1%
自由现金流更多
CIEN
多$139.9M
$-5.3M
两年增速更快
FN
近两年复合增速
3.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $50.3M | $112.6M |
| 毛利率 | 41.3% | 12.2% |
| 营业利润率 | 6.0% | 10.1% |
| 净利率 | 4.1% | 9.9% |
| 营收同比 | — | 35.9% |
| 净利润同比 | — | 30.0% |
| 每股收益（稀释后） | $0.35 | $3.11 |
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CIENFN
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.2B | $978.1M | ||
| Q2 25 | $1.1B | $909.7M | ||
| Q1 25 | $1.1B | $871.8M | ||
| Q4 24 | $1.1B | $833.6M | ||
| Q3 24 | $942.3M | $804.2M | ||
| Q2 24 | $910.8M | $753.3M | ||
| Q1 24 | $1.0B | $731.5M |
净利润CIENFN
| Q4 25 | — | $112.6M | ||
| Q3 25 | $50.3M | $95.9M | ||
| Q2 25 | $9.0M | $87.2M | ||
| Q1 25 | $44.6M | $81.3M | ||
| Q4 24 | $37.0M | $86.6M | ||
| Q3 24 | $14.2M | $77.4M | ||
| Q2 24 | $-16.8M | $81.1M | ||
| Q1 24 | $49.5M | $80.9M |
毛利率CIENFN
| Q4 25 | — | 12.2% | ||
| Q3 25 | 41.3% | 11.9% | ||
| Q2 25 | 40.2% | 12.2% | ||
| Q1 25 | 44.0% | 11.7% | ||
| Q4 24 | 40.9% | 12.1% | ||
| Q3 24 | 42.9% | 12.3% | ||
| Q2 24 | 42.7% | 12.3% | ||
| Q1 24 | 45.0% | 12.4% |
营业利润率CIENFN
| Q4 25 | — | 10.1% | ||
| Q3 25 | 6.0% | 9.6% | ||
| Q2 25 | 2.9% | 9.8% | ||
| Q1 25 | 7.5% | 9.0% | ||
| Q4 24 | 5.3% | 9.5% | ||
| Q3 24 | 2.8% | 9.6% | ||
| Q2 24 | -0.4% | 9.7% | ||
| Q1 24 | 8.2% | 9.7% |
净利率CIENFN
| Q4 25 | — | 9.9% | ||
| Q3 25 | 4.1% | 9.8% | ||
| Q2 25 | 0.8% | 9.6% | ||
| Q1 25 | 4.2% | 9.3% | ||
| Q4 24 | 3.3% | 10.4% | ||
| Q3 24 | 1.5% | 9.6% | ||
| Q2 24 | -1.8% | 10.8% | ||
| Q1 24 | 4.8% | 11.1% |
每股收益（稀释后）CIENFN
| Q4 25 | — | $3.11 | ||
| Q3 25 | $0.35 | $2.66 | ||
| Q2 25 | $0.06 | $2.41 | ||
| Q1 25 | $0.31 | $2.25 | ||
| Q4 24 | $0.26 | $2.38 | ||
| Q3 24 | $0.10 | $2.13 | ||
| Q2 24 | $-0.12 | $2.22 | ||
| Q1 24 | $0.34 | $2.21 |
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 | $1.3B | $960.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8B | $2.2B |
| 总资产 | $5.7B | $3.3B |
| 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CIENFN
| Q4 25 | — | $960.8M | ||
| Q3 25 | $1.3B | $968.8M | ||
| Q2 25 | $1.3B | $934.2M | ||
| Q1 25 | $1.2B | $950.7M | ||
| Q4 24 | $1.3B | $934.6M | ||
| Q3 24 | $1.1B | $908.9M | ||
| Q2 24 | $1.3B | $858.6M | ||
| Q1 24 | $1.4B | $794.0M |
股东权益CIENFN
| Q4 25 | — | $2.2B | ||
| Q3 25 | $2.8B | $2.1B | ||
| Q2 25 | $2.8B | $2.0B | ||
| Q1 25 | $2.8B | $1.9B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $2.9B | $1.7B | ||
| Q1 24 | $2.9B | $1.7B |
总资产CIENFN
| Q4 25 | — | $3.3B | ||
| Q3 25 | $5.7B | $3.0B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | $5.6B | $2.6B | ||
| Q4 24 | $5.6B | $2.5B | ||
| Q3 24 | $5.6B | $2.4B | ||
| Q2 24 | $5.6B | $2.3B | ||
| Q1 24 | $5.6B | $2.2B |
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 | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $134.6M | $-5.3M |
| 自由现金流率自由现金流/营收 | 11.0% | -0.5% |
| 资本支出强度资本支出/营收 | 3.3% | 4.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.41× |
| 过去12个月自由现金流最近4个季度 | $605.5M | $102.3M |
8季度趋势，按日历期对齐
经营现金流CIENFN
| Q4 25 | — | $46.3M | ||
| Q3 25 | $174.3M | $102.6M | ||
| Q2 25 | $156.9M | $55.1M | ||
| Q1 25 | $103.7M | $74.2M | ||
| Q4 24 | $349.4M | $115.9M | ||
| Q3 24 | $-159.4M | $83.2M | ||
| Q2 24 | $58.5M | $83.1M | ||
| Q1 24 | $266.1M | $100.9M |
自由现金流CIENFN
| Q4 25 | — | $-5.3M | ||
| Q3 25 | $134.6M | $57.3M | ||
| Q2 25 | $128.2M | $4.7M | ||
| Q1 25 | $76.8M | $45.7M | ||
| Q4 24 | $265.8M | $94.0M | ||
| Q3 24 | $-179.0M | $62.9M | ||
| Q2 24 | $41.6M | $70.4M | ||
| Q1 24 | $249.5M | $87.3M |
自由现金流率CIENFN
| Q4 25 | — | -0.5% | ||
| Q3 25 | 11.0% | 5.9% | ||
| Q2 25 | 11.4% | 0.5% | ||
| Q1 25 | 7.2% | 5.2% | ||
| Q4 24 | 23.6% | 11.3% | ||
| Q3 24 | -19.0% | 7.8% | ||
| Q2 24 | 4.6% | 9.3% | ||
| Q1 24 | 24.0% | 11.9% |
资本支出强度CIENFN
| Q4 25 | — | 4.6% | ||
| Q3 25 | 3.3% | 4.6% | ||
| Q2 25 | 2.6% | 5.5% | ||
| Q1 25 | 2.5% | 3.3% | ||
| Q4 24 | 7.4% | 2.6% | ||
| Q3 24 | 2.1% | 2.5% | ||
| Q2 24 | 1.9% | 1.7% | ||
| Q1 24 | 1.6% | 1.9% |
现金转化率CIENFN
| Q4 25 | — | 0.41× | ||
| Q3 25 | 3.47× | 1.07× | ||
| Q2 25 | 17.50× | 0.63× | ||
| Q1 25 | 2.33× | 0.91× | ||
| Q4 24 | 9.44× | 1.34× | ||
| Q3 24 | -11.20× | 1.07× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | 5.37× | 1.25× |
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
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
