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CIENA CORP（CIEN）与罗克韦尔自动化（ROK）财务数据对比。点击上方公司名可切换其他公司
罗克韦尔自动化的季度营收约是CIENA CORP的1.7倍（$2.1B vs $1.2B），罗克韦尔自动化净利率更高（14.5% vs 4.1%，领先10.4%），罗克韦尔自动化自由现金流更多（$170.0M vs $134.6M），过去两年CIENA CORP的营收复合增速更高（3.9% vs -0.5%）
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。
罗克韦尔自动化是总部位于美国威斯康星州密尔沃基的工业自动化及数字化转型技术提供商，旗下拥有Allen-Bradley、FactoryTalk软件、LifecycleIQ服务等核心品牌，全球员工约2.7万人，服务覆盖100多个国家和地区的客户。
CIEN vs ROK — 直观对比
营收规模更大
ROK
是对方的1.7倍
$1.2B
净利率更高
ROK
高出10.4%
4.1%
自由现金流更多
ROK
多$35.4M
$134.6M
两年增速更快
CIEN
近两年复合增速
-0.5%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $50.3M | $305.0M |
| 毛利率 | 41.3% | 48.3% |
| 营业利润率 | 6.0% | 20.7% |
| 净利率 | 4.1% | 14.5% |
| 营收同比 | — | 11.9% |
| 净利润同比 | — | 65.8% |
| 每股收益（稀释后） | $0.35 | $2.69 |
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CIENROK
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $2.0B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $942.3M | $2.0B | ||
| Q2 24 | $910.8M | $2.1B | ||
| Q1 24 | $1.0B | $2.1B |
净利润CIENROK
| Q4 25 | — | $305.0M | ||
| Q3 25 | $50.3M | $138.0M | ||
| Q2 25 | $9.0M | $295.0M | ||
| Q1 25 | $44.6M | $252.0M | ||
| Q4 24 | $37.0M | $184.0M | ||
| Q3 24 | $14.2M | $239.1M | ||
| Q2 24 | $-16.8M | $232.0M | ||
| Q1 24 | $49.5M | $266.2M |
毛利率CIENROK
| Q4 25 | — | 48.3% | ||
| Q3 25 | 41.3% | 69.4% | ||
| Q2 25 | 40.2% | 40.9% | ||
| Q1 25 | 44.0% | 40.5% | ||
| Q4 24 | 40.9% | 38.4% | ||
| Q3 24 | 42.9% | 37.9% | ||
| Q2 24 | 42.7% | 38.8% | ||
| Q1 24 | 45.0% | 39.2% |
营业利润率CIENROK
| Q4 25 | — | 20.7% | ||
| Q3 25 | 6.0% | 2.7% | ||
| Q2 25 | 2.9% | 16.0% | ||
| Q1 25 | 7.5% | 14.9% | ||
| Q4 24 | 5.3% | 17.1% | ||
| Q3 24 | 2.8% | 13.5% | ||
| Q2 24 | -0.4% | 12.4% | ||
| Q1 24 | 8.2% | 14.6% |
净利率CIENROK
| Q4 25 | — | 14.5% | ||
| Q3 25 | 4.1% | 6.0% | ||
| Q2 25 | 0.8% | 13.8% | ||
| Q1 25 | 4.2% | 12.6% | ||
| Q4 24 | 3.3% | 9.8% | ||
| Q3 24 | 1.5% | 11.7% | ||
| Q2 24 | -1.8% | 11.3% | ||
| Q1 24 | 4.8% | 12.5% |
每股收益（稀释后）CIENROK
| Q4 25 | — | $2.69 | ||
| Q3 25 | $0.35 | $1.24 | ||
| Q2 25 | $0.06 | $2.60 | ||
| Q1 25 | $0.31 | $2.22 | ||
| Q4 24 | $0.26 | $1.61 | ||
| Q3 24 | $0.10 | $2.09 | ||
| Q2 24 | $-0.12 | $2.02 | ||
| Q1 24 | $0.34 | $2.31 |
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 | $444.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8B | $3.7B |
| 总资产 | $5.7B | $11.2B |
| 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CIENROK
| Q4 25 | — | $444.0M | ||
| Q3 25 | $1.3B | $468.0M | ||
| Q2 25 | $1.3B | $495.0M | ||
| Q1 25 | $1.2B | $456.0M | ||
| Q4 24 | $1.3B | $477.0M | ||
| Q3 24 | $1.1B | $471.3M | ||
| Q2 24 | $1.3B | $407.0M | ||
| Q1 24 | $1.4B | $470.5M |
总债务CIENROK
| Q4 25 | — | — | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CIENROK
| Q4 25 | — | $3.7B | ||
| Q3 25 | $2.8B | $3.7B | ||
| Q2 25 | $2.8B | $3.5B | ||
| Q1 25 | $2.8B | $3.4B | ||
| Q4 24 | $2.8B | $3.4B | ||
| Q3 24 | $2.9B | $3.5B | ||
| Q2 24 | $2.9B | $3.3B | ||
| Q1 24 | $2.9B | $3.5B |
总资产CIENROK
| Q4 25 | — | $11.2B | ||
| Q3 25 | $5.7B | $11.2B | ||
| Q2 25 | $5.7B | $11.2B | ||
| Q1 25 | $5.6B | $11.0B | ||
| Q4 24 | $5.6B | $10.9B | ||
| Q3 24 | $5.6B | $11.2B | ||
| Q2 24 | $5.6B | $11.2B | ||
| Q1 24 | $5.6B | $11.4B |
负债/权益比CIENROK
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.73× | ||
| 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 | $234.0M |
| 自由现金流经营现金流 - 资本支出 | $134.6M | $170.0M |
| 自由现金流率自由现金流/营收 | 11.0% | 8.1% |
| 资本支出强度资本支出/营收 | 3.3% | 3.0% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.77× |
| 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CIENROK
| Q4 25 | — | $234.0M | ||
| Q3 25 | $174.3M | $454.0M | ||
| Q2 25 | $156.9M | $527.0M | ||
| Q1 25 | $103.7M | $199.0M | ||
| Q4 24 | $349.4M | $364.0M | ||
| Q3 24 | $-159.4M | $432.3M | ||
| Q2 24 | $58.5M | $279.1M | ||
| Q1 24 | $266.1M | $119.8M |
自由现金流CIENROK
| Q4 25 | — | $170.0M | ||
| Q3 25 | $134.6M | — | ||
| Q2 25 | $128.2M | $489.0M | ||
| Q1 25 | $76.8M | $171.0M | ||
| Q4 24 | $265.8M | $293.0M | ||
| Q3 24 | $-179.0M | — | ||
| Q2 24 | $41.6M | $238.4M | ||
| Q1 24 | $249.5M | $68.6M |
自由现金流率CIENROK
| Q4 25 | — | 8.1% | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 11.4% | 22.8% | ||
| Q1 25 | 7.2% | 8.5% | ||
| Q4 24 | 23.6% | 15.6% | ||
| Q3 24 | -19.0% | — | ||
| Q2 24 | 4.6% | 11.6% | ||
| Q1 24 | 24.0% | 3.2% |
资本支出强度CIENROK
| Q4 25 | — | 3.0% | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.6% | 1.8% | ||
| Q1 25 | 2.5% | 1.4% | ||
| Q4 24 | 7.4% | 3.8% | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 1.9% | 2.0% | ||
| Q1 24 | 1.6% | 2.4% |
现金转化率CIENROK
| Q4 25 | — | 0.77× | ||
| Q3 25 | 3.47× | 3.29× | ||
| Q2 25 | 17.50× | 1.79× | ||
| Q1 25 | 2.33× | 0.79× | ||
| Q4 24 | 9.44× | 1.98× | ||
| Q3 24 | -11.20× | 1.81× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | 5.37× | 0.45× |
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% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
