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CIENA CORP（CIEN）与Matador Resources Co（MTDR）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Matador Resources Co的1.5倍（$1.2B vs $809.5M），Matador Resources Co净利率更高（23.8% vs 4.1%，领先19.7%），CIENA CORP自由现金流更多（$134.6M vs $8.1M），过去两年CIENA CORP的营收复合增速更高（3.9% vs 1.5%）
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。
Matador Resources Co是一家独立能源企业，主营石油、天然气及天然气凝液的勘探、开发、生产与收购业务，核心运营区域分布在美国多个主要陆上资源盆地，产品主要供应北美能源市场。
CIEN vs MTDR — 直观对比
营收规模更大
CIEN
是对方的1.5倍
$809.5M
净利率更高
MTDR
高出19.7%
4.1%
自由现金流更多
CIEN
多$126.5M
$8.1M
两年增速更快
CIEN
近两年复合增速
1.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $809.5M |
| 净利润 | $50.3M | $192.5M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 6.0% | 30.0% |
| 净利率 | 4.1% | 23.8% |
| 营收同比 | — | -17.2% |
| 净利润同比 | — | -10.2% |
| 每股收益（稀释后） | $0.35 | $1.54 |
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CIENMTDR
| Q4 25 | — | $809.5M | ||
| Q3 25 | $1.2B | $915.1M | ||
| Q2 25 | $1.1B | $925.7M | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $978.3M | ||
| Q3 24 | $942.3M | $860.1M | ||
| Q2 24 | $910.8M | $855.2M | ||
| Q1 24 | $1.0B | $785.3M |
净利润CIENMTDR
| Q4 25 | — | $192.5M | ||
| Q3 25 | $50.3M | $176.4M | ||
| Q2 25 | $9.0M | $150.2M | ||
| Q1 25 | $44.6M | $240.1M | ||
| Q4 24 | $37.0M | $214.5M | ||
| Q3 24 | $14.2M | $248.3M | ||
| Q2 24 | $-16.8M | $228.8M | ||
| Q1 24 | $49.5M | $193.7M |
毛利率CIENMTDR
| Q4 25 | — | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 40.2% | — | ||
| Q1 25 | 44.0% | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.9% | — | ||
| Q2 24 | 42.7% | — | ||
| Q1 24 | 45.0% | — |
营业利润率CIENMTDR
| Q4 25 | — | 30.0% | ||
| Q3 25 | 6.0% | 33.4% | ||
| Q2 25 | 2.9% | 31.2% | ||
| Q1 25 | 7.5% | 38.7% | ||
| Q4 24 | 5.3% | 36.8% | ||
| Q3 24 | 2.8% | 45.6% | ||
| Q2 24 | -0.4% | 42.5% | ||
| Q1 24 | 8.2% | 40.6% |
净利率CIENMTDR
| Q4 25 | — | 23.8% | ||
| Q3 25 | 4.1% | 19.3% | ||
| Q2 25 | 0.8% | 16.2% | ||
| Q1 25 | 4.2% | 23.9% | ||
| Q4 24 | 3.3% | 21.9% | ||
| Q3 24 | 1.5% | 28.9% | ||
| Q2 24 | -1.8% | 26.8% | ||
| Q1 24 | 4.8% | 24.7% |
每股收益（稀释后）CIENMTDR
| Q4 25 | — | $1.54 | ||
| Q3 25 | $0.35 | $1.42 | ||
| Q2 25 | $0.06 | $1.21 | ||
| Q1 25 | $0.31 | $1.92 | ||
| Q4 24 | $0.26 | $1.71 | ||
| Q3 24 | $0.10 | $1.99 | ||
| Q2 24 | $-0.12 | $1.83 | ||
| Q1 24 | $0.34 | $1.61 |
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 | $15.3M |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | $2.8B | $5.7B |
| 总资产 | $5.7B | $11.7B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资CIENMTDR
| Q4 25 | — | $15.3M | ||
| Q3 25 | $1.3B | $20.1M | ||
| Q2 25 | $1.3B | $10.5M | ||
| Q1 25 | $1.2B | $14.5M | ||
| Q4 24 | $1.3B | $23.0M | ||
| Q3 24 | $1.1B | $23.3M | ||
| Q2 24 | $1.3B | $15.2M | ||
| Q1 24 | $1.4B | $23.2M |
总债务CIENMTDR
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CIENMTDR
| Q4 25 | — | $5.7B | ||
| Q3 25 | $2.8B | $5.5B | ||
| Q2 25 | $2.8B | $5.4B | ||
| Q1 25 | $2.8B | $5.3B | ||
| Q4 24 | $2.8B | $5.1B | ||
| Q3 24 | $2.9B | $4.9B | ||
| Q2 24 | $2.9B | $4.6B | ||
| Q1 24 | $2.9B | $4.4B |
总资产CIENMTDR
| Q4 25 | — | $11.7B | ||
| Q3 25 | $5.7B | $11.6B | ||
| Q2 25 | $5.7B | $11.3B | ||
| Q1 25 | $5.6B | $11.1B | ||
| Q4 24 | $5.6B | $10.9B | ||
| Q3 24 | $5.6B | $10.6B | ||
| Q2 24 | $5.6B | $8.5B | ||
| Q1 24 | $5.6B | $8.2B |
负债/权益比CIENMTDR
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| 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 | $474.4M |
| 自由现金流经营现金流 - 资本支出 | $134.6M | $8.1M |
| 自由现金流率自由现金流/营收 | 11.0% | 1.0% |
| 资本支出强度资本支出/营收 | 3.3% | 57.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.46× |
| 过去12个月自由现金流最近4个季度 | $605.5M | $269.6M |
8季度趋势，按日历期对齐
经营现金流CIENMTDR
| Q4 25 | — | $474.4M | ||
| Q3 25 | $174.3M | $721.7M | ||
| Q2 25 | $156.9M | $501.0M | ||
| Q1 25 | $103.7M | $727.9M | ||
| Q4 24 | $349.4M | $575.0M | ||
| Q3 24 | $-159.4M | $610.4M | ||
| Q2 24 | $58.5M | $592.9M | ||
| Q1 24 | $266.1M | $468.6M |
自由现金流CIENMTDR
| Q4 25 | — | $8.1M | ||
| Q3 25 | $134.6M | $78.3M | ||
| Q2 25 | $128.2M | $9.6M | ||
| Q1 25 | $76.8M | $173.6M | ||
| Q4 24 | $265.8M | $45.2M | ||
| Q3 24 | $-179.0M | $-1.6B | ||
| Q2 24 | $41.6M | $69.0M | ||
| Q1 24 | $249.5M | $-170.0M |
自由现金流率CIENMTDR
| Q4 25 | — | 1.0% | ||
| Q3 25 | 11.0% | 8.6% | ||
| Q2 25 | 11.4% | 1.0% | ||
| Q1 25 | 7.2% | 17.3% | ||
| Q4 24 | 23.6% | 4.6% | ||
| Q3 24 | -19.0% | -186.5% | ||
| Q2 24 | 4.6% | 8.1% | ||
| Q1 24 | 24.0% | -21.6% |
资本支出强度CIENMTDR
| Q4 25 | — | 57.6% | ||
| Q3 25 | 3.3% | 70.3% | ||
| Q2 25 | 2.6% | 53.1% | ||
| Q1 25 | 2.5% | 55.1% | ||
| Q4 24 | 7.4% | 54.2% | ||
| Q3 24 | 2.1% | 257.4% | ||
| Q2 24 | 1.9% | 61.3% | ||
| Q1 24 | 1.6% | 81.3% |
现金转化率CIENMTDR
| Q4 25 | — | 2.46× | ||
| Q3 25 | 3.47× | 4.09× | ||
| Q2 25 | 17.50× | 3.34× | ||
| Q1 25 | 2.33× | 3.03× | ||
| Q4 24 | 9.44× | 2.68× | ||
| Q3 24 | -11.20× | 2.46× | ||
| Q2 24 | — | 2.59× | ||
| Q1 24 | 5.37× | 2.42× |
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% |
MTDR
| Oil And Gas | $702.8M | 87% |
| Natural Gas Sales | $61.3M | 8% |
| Natural Gas Midstream | $45.4M | 6% |
