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CIENA CORP（CIEN）与IHS Holding Ltd（IHS）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IHS Holding Ltd的4.8倍（$1.2B vs $254.0M）。IHS Holding Ltd自由现金流更多（$178.6M vs $134.6M）。过去两年CIENA CORP的营收复合增速更高（3.9% vs -22.0%）
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。
IHS Holding是全球规模领先的共享通信基础设施独立持有、运营及开发企业之一，也是全球第五大独立跨国通信铁塔企业，业务覆盖非洲与拉美地区，为当地通信网络部署提供关键的铁塔基础设施支持。
CIEN vs IHS — 直观对比
营收规模更大
CIEN
是对方的4.8倍
$254.0M
自由现金流更多
IHS
多$44.0M
$134.6M
两年增速更快
CIEN
近两年复合增速
-22.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $254.0M |
| 净利润 | $50.3M | — |
| 毛利率 | 41.3% | 83.6% |
| 营业利润率 | 6.0% | — |
| 净利率 | 4.1% | — |
| 营收同比 | — | 0.1% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $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CIENIHS
| Q4 25 | — | $254.0M | ||
| Q3 25 | $1.2B | $455.1M | ||
| Q2 25 | $1.1B | $433.3M | ||
| Q1 25 | $1.1B | $439.6M | ||
| Q4 24 | $1.1B | $253.8M | ||
| Q3 24 | $942.3M | $420.3M | ||
| Q2 24 | $910.8M | $435.4M | ||
| Q1 24 | $1.0B | $417.7M |
净利润CIENIHS
| Q4 25 | — | — | ||
| Q3 25 | $50.3M | $147.4M | ||
| Q2 25 | $9.0M | $32.3M | ||
| Q1 25 | $44.6M | $30.7M | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $14.2M | $-205.7M | ||
| Q2 24 | $-16.8M | $-124.3M | ||
| Q1 24 | $49.5M | $-1.6B |
毛利率CIENIHS
| Q4 25 | — | 83.6% | ||
| Q3 25 | 41.3% | 47.5% | ||
| Q2 25 | 40.2% | 51.3% | ||
| Q1 25 | 44.0% | 51.4% | ||
| Q4 24 | 40.9% | 72.1% | ||
| Q3 24 | 42.9% | 52.0% | ||
| Q2 24 | 42.7% | 52.5% | ||
| Q1 24 | 45.0% | 39.1% |
营业利润率CIENIHS
| Q4 25 | — | — | ||
| Q3 25 | 6.0% | 35.1% | ||
| Q2 25 | 2.9% | 33.8% | ||
| Q1 25 | 7.5% | 37.1% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 2.8% | 29.9% | ||
| Q2 24 | -0.4% | 34.0% | ||
| Q1 24 | 8.2% | -1.7% |
净利率CIENIHS
| Q4 25 | — | — | ||
| Q3 25 | 4.1% | 32.4% | ||
| Q2 25 | 0.8% | 7.5% | ||
| Q1 25 | 4.2% | 7.0% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | -48.9% | ||
| Q2 24 | -1.8% | -28.5% | ||
| Q1 24 | 4.8% | -372.8% |
每股收益（稀释后）CIENIHS
| Q4 25 | — | — | ||
| Q3 25 | $0.35 | $0.44 | ||
| Q2 25 | $0.06 | $0.10 | ||
| Q1 25 | $0.31 | $0.10 | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $0.10 | $-0.61 | ||
| Q2 24 | $-0.12 | $-0.36 | ||
| Q1 24 | $0.34 | $-4.67 |
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 | $825.7M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $2.8B | $-89.8M |
| 总资产 | $5.7B | $4.5B |
| 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CIENIHS
| Q4 25 | — | $825.7M | ||
| Q3 25 | $1.3B | $647.6M | ||
| Q2 25 | $1.3B | $531.8M | ||
| Q1 25 | $1.2B | $629.0M | ||
| Q4 24 | $1.3B | $578.0M | ||
| Q3 24 | $1.1B | $397.5M | ||
| Q2 24 | $1.3B | $445.7M | ||
| Q1 24 | $1.4B | $333.2M |
总债务CIENIHS
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.5B |
股东权益CIENIHS
| Q4 25 | — | $-89.8M | ||
| Q3 25 | $2.8B | $38.1M | ||
| Q2 25 | $2.8B | $-98.4M | ||
| Q1 25 | $2.8B | $-184.4M | ||
| Q4 24 | $2.8B | $-314.4M | ||
| Q3 24 | $2.9B | $-284.7M | ||
| Q2 24 | $2.9B | $-308.3M | ||
| Q1 24 | $2.9B | $-163.2M |
总资产CIENIHS
| Q4 25 | — | $4.5B | ||
| Q3 25 | $5.7B | $4.7B | ||
| Q2 25 | $5.7B | $4.5B | ||
| Q1 25 | $5.6B | $4.4B | ||
| Q4 24 | $5.6B | $4.2B | ||
| Q3 24 | $5.6B | $4.6B | ||
| Q2 24 | $5.6B | $4.5B | ||
| Q1 24 | $5.6B | $4.6B |
负债/权益比CIENIHS
| Q4 25 | — | — | ||
| Q3 25 | — | 85.85× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $246.9M |
| 自由现金流经营现金流 - 资本支出 | $134.6M | $178.6M |
| 自由现金流率自由现金流/营收 | 11.0% | 70.3% |
| 资本支出强度资本支出/营收 | 3.3% | 26.9% |
| 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 | $718.7M |
8季度趋势，按日历期对齐
经营现金流CIENIHS
| Q4 25 | — | $246.9M | ||
| Q3 25 | $174.3M | $251.3M | ||
| Q2 25 | $156.9M | $237.7M | ||
| Q1 25 | $103.7M | $200.3M | ||
| Q4 24 | $349.4M | $344.4M | ||
| Q3 24 | $-159.4M | $174.5M | ||
| Q2 24 | $58.5M | $134.7M | ||
| Q1 24 | $266.1M | $75.8M |
自由现金流CIENIHS
| Q4 25 | — | $178.6M | ||
| Q3 25 | $134.6M | $189.2M | ||
| Q2 25 | $128.2M | $197.7M | ||
| Q1 25 | $76.8M | $153.2M | ||
| Q4 24 | $265.8M | $282.9M | ||
| Q3 24 | $-179.0M | $122.3M | ||
| Q2 24 | $41.6M | $74.2M | ||
| Q1 24 | $249.5M | $14.8M |
自由现金流率CIENIHS
| Q4 25 | — | 70.3% | ||
| Q3 25 | 11.0% | 41.6% | ||
| Q2 25 | 11.4% | 45.6% | ||
| Q1 25 | 7.2% | 34.8% | ||
| Q4 24 | 23.6% | 111.5% | ||
| Q3 24 | -19.0% | 29.1% | ||
| Q2 24 | 4.6% | 17.0% | ||
| Q1 24 | 24.0% | 3.5% |
资本支出强度CIENIHS
| Q4 25 | — | 26.9% | ||
| Q3 25 | 3.3% | 13.6% | ||
| Q2 25 | 2.6% | 9.2% | ||
| Q1 25 | 2.5% | 10.7% | ||
| Q4 24 | 7.4% | 24.2% | ||
| Q3 24 | 2.1% | 12.4% | ||
| Q2 24 | 1.9% | 13.9% | ||
| Q1 24 | 1.6% | 14.6% |
现金转化率CIENIHS
| Q4 25 | — | — | ||
| Q3 25 | 3.47× | 1.70× | ||
| Q2 25 | 17.50× | 7.36× | ||
| Q1 25 | 2.33× | 6.52× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | -11.20× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 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
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% |
IHS
暂无分部数据
