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CIENA CORP（CIEN）与LCI INDUSTRIES（LCII）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LCI INDUSTRIES的1.3倍（$1.2B vs $932.7M），CIENA CORP净利率更高（4.1% vs 2.0%，领先2.1%），CIENA CORP自由现金流更多（$134.6M vs $64.3M），过去两年CIENA CORP的营收复合增速更高（3.9% vs -1.8%）
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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
CIEN vs LCII — 直观对比
营收规模更大
CIEN
是对方的1.3倍
$932.7M
净利率更高
CIEN
高出2.1%
2.0%
自由现金流更多
CIEN
多$70.3M
$64.3M
两年增速更快
CIEN
近两年复合增速
-1.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $932.7M |
| 净利润 | $50.3M | $18.7M |
| 毛利率 | 41.3% | 22.1% |
| 营业利润率 | 6.0% | 3.8% |
| 净利率 | 4.1% | 2.0% |
| 营收同比 | — | 16.1% |
| 净利润同比 | — | 95.7% |
| 每股收益（稀释后） | $0.35 | $0.79 |
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CIENLCII
| Q4 25 | — | $932.7M | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $803.1M | ||
| Q3 24 | $942.3M | $915.5M | ||
| Q2 24 | $910.8M | $1.1B | ||
| Q1 24 | $1.0B | $968.0M |
净利润CIENLCII
| Q4 25 | — | $18.7M | ||
| Q3 25 | $50.3M | $62.5M | ||
| Q2 25 | $9.0M | $57.6M | ||
| Q1 25 | $44.6M | $49.4M | ||
| Q4 24 | $37.0M | $9.5M | ||
| Q3 24 | $14.2M | $35.6M | ||
| Q2 24 | $-16.8M | $61.2M | ||
| Q1 24 | $49.5M | $36.5M |
毛利率CIENLCII
| Q4 25 | — | 22.1% | ||
| Q3 25 | 41.3% | 24.4% | ||
| Q2 25 | 40.2% | 24.4% | ||
| Q1 25 | 44.0% | 24.1% | ||
| Q4 24 | 40.9% | 21.1% | ||
| Q3 24 | 42.9% | 24.0% | ||
| Q2 24 | 42.7% | 25.3% | ||
| Q1 24 | 45.0% | 23.1% |
营业利润率CIENLCII
| Q4 25 | — | 3.8% | ||
| Q3 25 | 6.0% | 7.3% | ||
| Q2 25 | 2.9% | 7.9% | ||
| Q1 25 | 7.5% | 7.8% | ||
| Q4 24 | 5.3% | 2.0% | ||
| Q3 24 | 2.8% | 5.9% | ||
| Q2 24 | -0.4% | 8.6% | ||
| Q1 24 | 8.2% | 6.0% |
净利率CIENLCII
| Q4 25 | — | 2.0% | ||
| Q3 25 | 4.1% | 6.0% | ||
| Q2 25 | 0.8% | 5.2% | ||
| Q1 25 | 4.2% | 4.7% | ||
| Q4 24 | 3.3% | 1.2% | ||
| Q3 24 | 1.5% | 3.9% | ||
| Q2 24 | -1.8% | 5.8% | ||
| Q1 24 | 4.8% | 3.8% |
每股收益（稀释后）CIENLCII
| Q4 25 | — | $0.79 | ||
| Q3 25 | $0.35 | $2.55 | ||
| Q2 25 | $0.06 | $2.29 | ||
| Q1 25 | $0.31 | $1.94 | ||
| Q4 24 | $0.26 | $0.37 | ||
| Q3 24 | $0.10 | $1.39 | ||
| Q2 24 | $-0.12 | $2.40 | ||
| Q1 24 | $0.34 | $1.44 |
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 | $222.6M |
| 总债务越低越好 | — | $945.2M |
| 股东权益账面价值 | $2.8B | $1.4B |
| 总资产 | $5.7B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CIENLCII
| Q4 25 | — | $222.6M | ||
| Q3 25 | $1.3B | $199.7M | ||
| Q2 25 | $1.3B | $191.9M | ||
| Q1 25 | $1.2B | $231.2M | ||
| Q4 24 | $1.3B | $165.8M | ||
| Q3 24 | $1.1B | $161.2M | ||
| Q2 24 | $1.3B | $130.4M | ||
| Q1 24 | $1.4B | $22.6M |
总债务CIENLCII
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
股东权益CIENLCII
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $2.9B | $1.4B | ||
| Q1 24 | $2.9B | $1.4B |
总资产CIENLCII
| Q4 25 | — | $3.2B | ||
| Q3 25 | $5.7B | $3.2B | ||
| Q2 25 | $5.7B | $3.2B | ||
| Q1 25 | $5.6B | $3.1B | ||
| Q4 24 | $5.6B | $2.9B | ||
| Q3 24 | $5.6B | $3.0B | ||
| Q2 24 | $5.6B | $3.0B | ||
| Q1 24 | $5.6B | $3.0B |
负债/权益比CIENLCII
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $134.6M | $64.3M |
| 自由现金流率自由现金流/营收 | 11.0% | 6.9% |
| 资本支出强度资本支出/营收 | 3.3% | 1.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 4.22× |
| 过去12个月自由现金流最近4个季度 | $605.5M | $278.3M |
8季度趋势，按日历期对齐
经营现金流CIENLCII
| Q4 25 | — | $78.9M | ||
| Q3 25 | $174.3M | $97.2M | ||
| Q2 25 | $156.9M | $112.2M | ||
| Q1 25 | $103.7M | $42.7M | ||
| Q4 24 | $349.4M | $106.6M | ||
| Q3 24 | $-159.4M | $78.4M | ||
| Q2 24 | $58.5M | $192.9M | ||
| Q1 24 | $266.1M | $-7.7M |
自由现金流CIENLCII
| Q4 25 | — | $64.3M | ||
| Q3 25 | $134.6M | $80.9M | ||
| Q2 25 | $128.2M | $99.5M | ||
| Q1 25 | $76.8M | $33.7M | ||
| Q4 24 | $265.8M | $95.7M | ||
| Q3 24 | $-179.0M | $68.3M | ||
| Q2 24 | $41.6M | $180.2M | ||
| Q1 24 | $249.5M | $-16.3M |
自由现金流率CIENLCII
| Q4 25 | — | 6.9% | ||
| Q3 25 | 11.0% | 7.8% | ||
| Q2 25 | 11.4% | 9.0% | ||
| Q1 25 | 7.2% | 3.2% | ||
| Q4 24 | 23.6% | 11.9% | ||
| Q3 24 | -19.0% | 7.5% | ||
| Q2 24 | 4.6% | 17.1% | ||
| Q1 24 | 24.0% | -1.7% |
资本支出强度CIENLCII
| Q4 25 | — | 1.6% | ||
| Q3 25 | 3.3% | 1.6% | ||
| Q2 25 | 2.6% | 1.2% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 7.4% | 1.4% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 1.9% | 1.2% | ||
| Q1 24 | 1.6% | 0.9% |
现金转化率CIENLCII
| Q4 25 | — | 4.22× | ||
| Q3 25 | 3.47× | 1.55× | ||
| Q2 25 | 17.50× | 1.95× | ||
| Q1 25 | 2.33× | 0.86× | ||
| Q4 24 | 9.44× | 11.17× | ||
| Q3 24 | -11.20× | 2.20× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | 5.37× | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
