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CIENA CORP（CIEN）与Ryman Hospitality Properties, Inc.（RHP）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Ryman Hospitality Properties, Inc.的1.8倍（$1.2B vs $664.6M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs 4.1%，领先6.3%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（4.1% 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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
CIEN vs RHP — 直观对比
营收规模更大
CIEN
是对方的1.8倍
$664.6M
净利率更高
RHP
高出6.3%
4.1%
两年增速更快
RHP
近两年复合增速
3.9%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $664.6M |
| 净利润 | $50.3M | $69.4M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 6.0% | 20.7% |
| 净利率 | 4.1% | 10.4% |
| 营收同比 | — | 13.2% |
| 净利润同比 | — | 10.1% |
| 每股收益（稀释后） | $0.35 | $1.03 |
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CIENRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | — | $737.8M | ||
| Q3 25 | $1.2B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.1B | $587.3M | ||
| Q4 24 | $1.1B | $647.6M | ||
| Q3 24 | $942.3M | $550.0M | ||
| Q2 24 | $910.8M | $613.3M |
净利润CIENRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | — | $74.5M | ||
| Q3 25 | $50.3M | $34.9M | ||
| Q2 25 | $9.0M | $71.8M | ||
| Q1 25 | $44.6M | $63.0M | ||
| Q4 24 | $37.0M | $72.3M | ||
| Q3 24 | $14.2M | $59.0M | ||
| Q2 24 | $-16.8M | $100.8M |
毛利率CIENRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | 41.3% | 40.9% | ||
| Q2 25 | 40.2% | 49.7% | ||
| Q1 25 | 44.0% | 44.4% | ||
| Q4 24 | 40.9% | 40.4% | ||
| Q3 24 | 42.9% | 43.1% | ||
| Q2 24 | 42.7% | 48.4% |
营业利润率CIENRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | — | 19.4% | ||
| Q3 25 | 6.0% | 15.0% | ||
| Q2 25 | 2.9% | 21.1% | ||
| Q1 25 | 7.5% | 19.8% | ||
| Q4 24 | 5.3% | 18.6% | ||
| Q3 24 | 2.8% | 19.3% | ||
| Q2 24 | -0.4% | 27.4% |
净利率CIENRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | 4.1% | 5.9% | ||
| Q2 25 | 0.8% | 10.9% | ||
| Q1 25 | 4.2% | 10.7% | ||
| Q4 24 | 3.3% | 11.2% | ||
| Q3 24 | 1.5% | 10.7% | ||
| Q2 24 | -1.8% | 16.4% |
每股收益（稀释后）CIENRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | — | $1.12 | ||
| Q3 25 | $0.35 | $0.53 | ||
| Q2 25 | $0.06 | $1.12 | ||
| Q1 25 | $0.31 | $1.00 | ||
| Q4 24 | $0.26 | $1.12 | ||
| Q3 24 | $0.10 | $0.94 | ||
| Q2 24 | $-0.12 | $1.65 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8B | $770.8M |
| 总资产 | $5.7B | $6.2B |
| 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CIENRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | $1.3B | $483.3M | ||
| Q2 25 | $1.3B | $420.6M | ||
| Q1 25 | $1.2B | $413.9M | ||
| Q4 24 | $1.3B | $477.7M | ||
| Q3 24 | $1.1B | $534.9M | ||
| Q2 24 | $1.3B | $498.4M |
股东权益CIENRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | — | $750.2M | ||
| Q3 25 | $2.8B | $758.5M | ||
| Q2 25 | $2.8B | $800.4M | ||
| Q1 25 | $2.8B | $531.5M | ||
| Q4 24 | $2.8B | $549.0M | ||
| Q3 24 | $2.9B | $551.9M | ||
| Q2 24 | $2.9B | $562.6M |
总资产CIENRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $5.7B | $6.2B | ||
| Q2 25 | $5.7B | $6.1B | ||
| Q1 25 | $5.6B | $5.2B | ||
| Q4 24 | $5.6B | $5.2B | ||
| Q3 24 | $5.6B | $5.2B | ||
| Q2 24 | $5.6B | $5.1B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $134.6M | — |
| 自由现金流率自由现金流/营收 | 11.0% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CIENRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $164.7M | ||
| Q3 25 | $174.3M | $205.2M | ||
| Q2 25 | $156.9M | $122.5M | ||
| Q1 25 | $103.7M | $98.2M | ||
| Q4 24 | $349.4M | $166.6M | ||
| Q3 24 | $-159.4M | $218.1M | ||
| Q2 24 | $58.5M | $184.3M |
自由现金流CIENRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $58.5M | ||
| Q3 25 | $134.6M | $135.4M | ||
| Q2 25 | $128.2M | $53.0M | ||
| Q1 25 | $76.8M | $-14.5M | ||
| Q4 24 | $265.8M | $76.0M | ||
| Q3 24 | $-179.0M | $85.7M | ||
| Q2 24 | $41.6M | $78.8M |
自由现金流率CIENRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | 11.0% | 22.9% | ||
| Q2 25 | 11.4% | 8.0% | ||
| Q1 25 | 7.2% | -2.5% | ||
| Q4 24 | 23.6% | 11.7% | ||
| Q3 24 | -19.0% | 15.6% | ||
| Q2 24 | 4.6% | 12.9% |
资本支出强度CIENRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | 3.3% | 11.8% | ||
| Q2 25 | 2.6% | 10.5% | ||
| Q1 25 | 2.5% | 19.2% | ||
| Q4 24 | 7.4% | 14.0% | ||
| Q3 24 | 2.1% | 24.1% | ||
| Q2 24 | 1.9% | 17.2% |
现金转化率CIENRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | 3.47× | 5.88× | ||
| Q2 25 | 17.50× | 1.71× | ||
| Q1 25 | 2.33× | 1.56× | ||
| Q4 24 | 9.44× | 2.30× | ||
| Q3 24 | -11.20× | 3.70× | ||
| Q2 24 | — | 1.83× |
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% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
