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CIENA CORP（CIEN）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是CIENA CORP的1.2倍（$1.4B vs $1.2B），瑞思迈净利率更高（27.6% vs 4.1%，领先23.5%），过去两年瑞思迈的营收复合增速更高（7.9% 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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
CIEN vs RMD — 直观对比
营收规模更大
RMD
是对方的1.2倍
$1.2B
净利率更高
RMD
高出23.5%
4.1%
两年增速更快
RMD
近两年复合增速
3.9%
损益表 — Q3 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $50.3M | $392.6M |
| 毛利率 | 41.3% | 61.8% |
| 营业利润率 | 6.0% | 34.6% |
| 净利率 | 4.1% | 27.6% |
| 营收同比 | — | 11.0% |
| 净利润同比 | — | 13.9% |
| 每股收益（稀释后） | $0.35 | $2.68 |
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CIENRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $942.3M | $1.2B | ||
| Q2 24 | $910.8M | $1.2B |
净利润CIENRMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | — | $392.6M | ||
| Q3 25 | $50.3M | $348.5M | ||
| Q2 25 | $9.0M | $379.7M | ||
| Q1 25 | $44.6M | $365.0M | ||
| Q4 24 | $37.0M | $344.6M | ||
| Q3 24 | $14.2M | $311.4M | ||
| Q2 24 | $-16.8M | $292.2M |
毛利率CIENRMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | 41.3% | 61.5% | ||
| Q2 25 | 40.2% | 60.8% | ||
| Q1 25 | 44.0% | 59.3% | ||
| Q4 24 | 40.9% | 58.6% | ||
| Q3 24 | 42.9% | 58.6% | ||
| Q2 24 | 42.7% | 58.5% |
营业利润率CIENRMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | — | 34.6% | ||
| Q3 25 | 6.0% | 33.4% | ||
| Q2 25 | 2.9% | 33.7% | ||
| Q1 25 | 7.5% | 33.0% | ||
| Q4 24 | 5.3% | 32.5% | ||
| Q3 24 | 2.8% | 31.6% | ||
| Q2 24 | -0.4% | 31.2% |
净利率CIENRMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | — | 27.6% | ||
| Q3 25 | 4.1% | 26.1% | ||
| Q2 25 | 0.8% | 28.2% | ||
| Q1 25 | 4.2% | 28.3% | ||
| Q4 24 | 3.3% | 26.9% | ||
| Q3 24 | 1.5% | 25.4% | ||
| Q2 24 | -1.8% | 23.9% |
每股收益（稀释后）CIENRMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | — | $2.68 | ||
| Q3 25 | $0.35 | $2.37 | ||
| Q2 25 | $0.06 | $2.58 | ||
| Q1 25 | $0.31 | $2.48 | ||
| Q4 24 | $0.26 | $2.34 | ||
| Q3 24 | $0.10 | $2.11 | ||
| Q2 24 | $-0.12 | $1.97 |
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 | $1.4B |
| 总债务越低越好 | — | $663.8M |
| 股东权益账面价值 | $2.8B | $6.3B |
| 总资产 | $5.7B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资CIENRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $932.7M | ||
| Q4 24 | $1.3B | $521.9M | ||
| Q3 24 | $1.1B | $426.4M | ||
| Q2 24 | $1.3B | $238.4M |
总债务CIENRMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M | ||
| Q2 24 | — | $697.3M |
股东权益CIENRMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | $2.8B | $6.1B | ||
| Q2 25 | $2.8B | $6.0B | ||
| Q1 25 | $2.8B | $5.5B | ||
| Q4 24 | $2.8B | $5.3B | ||
| Q3 24 | $2.9B | $5.2B | ||
| Q2 24 | $2.9B | $4.9B |
总资产CIENRMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | — | $8.5B | ||
| Q3 25 | $5.7B | $8.3B | ||
| Q2 25 | $5.7B | $8.2B | ||
| Q1 25 | $5.6B | $7.6B | ||
| Q4 24 | $5.6B | $7.1B | ||
| Q3 24 | $5.6B | $7.2B | ||
| Q2 24 | $5.6B | $6.9B |
负债/权益比CIENRMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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CIENRMD
| Q2 26 | — | — | ||
| Q4 25 | — | $339.7M | ||
| Q3 25 | $174.3M | $457.3M | ||
| Q2 25 | $156.9M | $538.8M | ||
| Q1 25 | $103.7M | $578.7M | ||
| Q4 24 | $349.4M | $308.6M | ||
| Q3 24 | $-159.4M | $325.5M | ||
| Q2 24 | $58.5M | $440.1M |
自由现金流CIENRMD
| Q2 26 | — | — | ||
| Q4 25 | — | $311.2M | ||
| Q3 25 | $134.6M | $414.4M | ||
| Q2 25 | $128.2M | $508.2M | ||
| Q1 25 | $76.8M | $557.9M | ||
| Q4 24 | $265.8M | $288.0M | ||
| Q3 24 | $-179.0M | $307.7M | ||
| Q2 24 | $41.6M | $415.2M |
自由现金流率CIENRMD
| Q2 26 | — | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | 11.0% | 31.0% | ||
| Q2 25 | 11.4% | 37.7% | ||
| Q1 25 | 7.2% | 43.2% | ||
| Q4 24 | 23.6% | 22.5% | ||
| Q3 24 | -19.0% | 25.1% | ||
| Q2 24 | 4.6% | 33.9% |
资本支出强度CIENRMD
| Q2 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 3.3% | 3.2% | ||
| Q2 25 | 2.6% | 2.3% | ||
| Q1 25 | 2.5% | 1.6% | ||
| Q4 24 | 7.4% | 1.6% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 1.9% | 2.0% |
现金转化率CIENRMD
| Q2 26 | — | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | 3.47× | 1.31× | ||
| Q2 25 | 17.50× | 1.42× | ||
| Q1 25 | 2.33× | 1.59× | ||
| Q4 24 | 9.44× | 0.90× | ||
| Q3 24 | -11.20× | 1.05× | ||
| Q2 24 | — | 1.51× |
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% |
RMD
暂无分部数据
