vs
CIENA CORP（CIEN）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是CIENA CORP的1.1倍（$1.3B vs $1.2B），罗致恒富自由现金流更多（$170.8M vs $134.6M），过去两年CIENA CORP的营收复合增速更高（3.9% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
CIEN vs RHI — 直观对比
营收规模更大
RHI
是对方的1.1倍
$1.2B
自由现金流更多
RHI
多$36.2M
$134.6M
两年增速更快
CIEN
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $50.3M | — |
| 毛利率 | 41.3% | 37.6% |
| 营业利润率 | 6.0% | 1.7% |
| 净利率 | 4.1% | — |
| 营收同比 | — | -5.8% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.35 | $0.32 |
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CIENRHI
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $942.3M | $1.5B | ||
| Q2 24 | $910.8M | $1.5B | ||
| Q1 24 | $1.0B | $1.5B |
净利润CIENRHI
| Q4 25 | — | — | ||
| Q3 25 | $50.3M | $42.9M | ||
| Q2 25 | $9.0M | $41.0M | ||
| Q1 25 | $44.6M | $17.4M | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $14.2M | $65.5M | ||
| Q2 24 | $-16.8M | $68.2M | ||
| Q1 24 | $49.5M | $63.7M |
毛利率CIENRHI
| Q4 25 | — | 37.6% | ||
| Q3 25 | 41.3% | 37.2% | ||
| Q2 25 | 40.2% | 37.2% | ||
| Q1 25 | 44.0% | 36.9% | ||
| Q4 24 | 40.9% | 38.8% | ||
| Q3 24 | 42.9% | 39.0% | ||
| Q2 24 | 42.7% | 39.2% | ||
| Q1 24 | 45.0% | 38.1% |
营业利润率CIENRHI
| Q4 25 | — | 1.7% | ||
| Q3 25 | 6.0% | 1.0% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 7.5% | 2.9% | ||
| Q4 24 | 5.3% | 4.7% | ||
| Q3 24 | 2.8% | 4.1% | ||
| Q2 24 | -0.4% | 5.1% | ||
| Q1 24 | 8.2% | 2.8% |
净利率CIENRHI
| Q4 25 | — | — | ||
| Q3 25 | 4.1% | 3.2% | ||
| Q2 25 | 0.8% | 3.0% | ||
| Q1 25 | 4.2% | 1.3% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | 4.5% | ||
| Q2 24 | -1.8% | 4.6% | ||
| Q1 24 | 4.8% | 4.3% |
每股收益（稀释后）CIENRHI
| Q4 25 | — | $0.32 | ||
| Q3 25 | $0.35 | $0.43 | ||
| Q2 25 | $0.06 | $0.41 | ||
| Q1 25 | $0.31 | $0.17 | ||
| Q4 24 | $0.26 | $0.53 | ||
| Q3 24 | $0.10 | $0.64 | ||
| Q2 24 | $-0.12 | $0.66 | ||
| Q1 24 | $0.34 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8B | $1.3B |
| 总资产 | $5.7B | $2.9B |
| 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CIENRHI
| Q4 25 | — | $464.4M | ||
| Q3 25 | $1.3B | $365.3M | ||
| Q2 25 | $1.3B | $380.5M | ||
| Q1 25 | $1.2B | $342.5M | ||
| Q4 24 | $1.3B | $537.6M | ||
| Q3 24 | $1.1B | $570.5M | ||
| Q2 24 | $1.3B | $547.4M | ||
| Q1 24 | $1.4B | $540.9M |
股东权益CIENRHI
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.8B | $1.3B | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $2.9B | $1.5B | ||
| Q2 24 | $2.9B | $1.5B | ||
| Q1 24 | $2.9B | $1.5B |
总资产CIENRHI
| Q4 25 | — | $2.9B | ||
| Q3 25 | $5.7B | $2.8B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | $5.6B | $2.7B | ||
| Q4 24 | $5.6B | $2.9B | ||
| Q3 24 | $5.6B | $3.0B | ||
| Q2 24 | $5.6B | $2.9B | ||
| Q1 24 | $5.6B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $134.6M | $170.8M |
| 自由现金流率自由现金流/营收 | 11.0% | 13.1% |
| 资本支出强度资本支出/营收 | 3.3% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流CIENRHI
| Q4 25 | — | $182.5M | ||
| Q3 25 | $174.3M | $77.4M | ||
| Q2 25 | $156.9M | $119.4M | ||
| Q1 25 | $103.7M | $-59.3M | ||
| Q4 24 | $349.4M | $154.8M | ||
| Q3 24 | $-159.4M | $129.6M | ||
| Q2 24 | $58.5M | $142.0M | ||
| Q1 24 | $266.1M | $-15.9M |
自由现金流CIENRHI
| Q4 25 | — | $170.8M | ||
| Q3 25 | $134.6M | $63.6M | ||
| Q2 25 | $128.2M | $104.2M | ||
| Q1 25 | $76.8M | $-71.7M | ||
| Q4 24 | $265.8M | $140.5M | ||
| Q3 24 | $-179.0M | $111.8M | ||
| Q2 24 | $41.6M | $129.6M | ||
| Q1 24 | $249.5M | $-27.7M |
自由现金流率CIENRHI
| Q4 25 | — | 13.1% | ||
| Q3 25 | 11.0% | 4.7% | ||
| Q2 25 | 11.4% | 7.6% | ||
| Q1 25 | 7.2% | -5.3% | ||
| Q4 24 | 23.6% | 10.2% | ||
| Q3 24 | -19.0% | 7.6% | ||
| Q2 24 | 4.6% | 8.8% | ||
| Q1 24 | 24.0% | -1.9% |
资本支出强度CIENRHI
| Q4 25 | — | 0.9% | ||
| Q3 25 | 3.3% | 1.0% | ||
| Q2 25 | 2.6% | 1.1% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 7.4% | 1.0% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 1.9% | 0.8% | ||
| Q1 24 | 1.6% | 0.8% |
现金转化率CIENRHI
| Q4 25 | — | — | ||
| Q3 25 | 3.47× | 1.80× | ||
| Q2 25 | 17.50× | 2.91× | ||
| Q1 25 | 2.33× | -3.42× | ||
| Q4 24 | 9.44× | — | ||
| Q3 24 | -11.20× | 1.98× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | 5.37× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
