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CIENA CORP（CIEN）与Royalty Pharma plc（RPRX）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Royalty Pharma plc的2.0倍（$1.2B vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 4.1%，领先30.3%），过去两年Royalty Pharma plc的营收复合增速更高（4.6% 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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
CIEN vs RPRX — 直观对比
营收规模更大
CIEN
是对方的2.0倍
$622.0M
净利率更高
RPRX
高出30.3%
4.1%
两年增速更快
RPRX
近两年复合增速
3.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $622.0M |
| 净利润 | $50.3M | $214.2M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 6.0% | 62.4% |
| 净利率 | 4.1% | 34.4% |
| 营收同比 | — | 4.8% |
| 净利润同比 | — | 2.9% |
| 每股收益（稀释后） | $0.35 | $0.49 |
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CIENRPRX
| Q4 25 | — | $622.0M | ||
| Q3 25 | $1.2B | $609.3M | ||
| Q2 25 | $1.1B | $578.7M | ||
| Q1 25 | $1.1B | $568.2M | ||
| Q4 24 | $1.1B | $593.6M | ||
| Q3 24 | $942.3M | $564.7M | ||
| Q2 24 | $910.8M | $537.3M | ||
| Q1 24 | $1.0B | $568.0M |
净利润CIENRPRX
| Q4 25 | — | $214.2M | ||
| Q3 25 | $50.3M | $288.2M | ||
| Q2 25 | $9.0M | $30.2M | ||
| Q1 25 | $44.6M | $238.3M | ||
| Q4 24 | $37.0M | $208.2M | ||
| Q3 24 | $14.2M | $544.0M | ||
| Q2 24 | $-16.8M | $102.0M | ||
| Q1 24 | $49.5M | $4.8M |
毛利率CIENRPRX
| 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CIENRPRX
| Q4 25 | — | 62.4% | ||
| Q3 25 | 6.0% | 70.1% | ||
| Q2 25 | 2.9% | 36.3% | ||
| Q1 25 | 7.5% | 94.0% | ||
| Q4 24 | 5.3% | 60.9% | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | -0.4% | 50.2% | ||
| Q1 24 | 8.2% | -13.0% |
净利率CIENRPRX
| Q4 25 | — | 34.4% | ||
| Q3 25 | 4.1% | 47.3% | ||
| Q2 25 | 0.8% | 5.2% | ||
| Q1 25 | 4.2% | 41.9% | ||
| Q4 24 | 3.3% | 35.1% | ||
| Q3 24 | 1.5% | 96.3% | ||
| Q2 24 | -1.8% | 19.0% | ||
| Q1 24 | 4.8% | 0.8% |
每股收益（稀释后）CIENRPRX
| Q4 25 | — | $0.49 | ||
| Q3 25 | $0.35 | $0.67 | ||
| Q2 25 | $0.06 | $0.07 | ||
| Q1 25 | $0.31 | $0.55 | ||
| Q4 24 | $0.26 | $0.46 | ||
| Q3 24 | $0.10 | $1.21 | ||
| Q2 24 | $-0.12 | $0.23 | ||
| Q1 24 | $0.34 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | — | $9.0B |
| 股东权益账面价值 | $2.8B | $9.7B |
| 总资产 | $5.7B | $19.6B |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资CIENRPRX
| Q4 25 | — | $618.7M | ||
| Q3 25 | $1.3B | $938.9M | ||
| Q2 25 | $1.3B | $631.9M | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $929.0M | ||
| Q3 24 | $1.1B | $950.1M | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.4B | $843.0M |
总债务CIENRPRX
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益CIENRPRX
| Q4 25 | — | $9.7B | ||
| Q3 25 | $2.8B | $9.6B | ||
| Q2 25 | $2.8B | $9.5B | ||
| Q1 25 | $2.8B | $9.8B | ||
| Q4 24 | $2.8B | $10.3B | ||
| Q3 24 | $2.9B | $10.3B | ||
| Q2 24 | $2.9B | $9.8B | ||
| Q1 24 | $2.9B | $9.9B |
总资产CIENRPRX
| Q4 25 | — | $19.6B | ||
| Q3 25 | $5.7B | $19.3B | ||
| Q2 25 | $5.7B | $18.3B | ||
| Q1 25 | $5.6B | $17.6B | ||
| Q4 24 | $5.6B | $18.2B | ||
| Q3 24 | $5.6B | $18.0B | ||
| Q2 24 | $5.6B | $17.7B | ||
| Q1 24 | $5.6B | $16.1B |
负债/权益比CIENRPRX
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $827.1M |
| 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× | 3.86× |
| 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CIENRPRX
| Q4 25 | — | $827.1M | ||
| Q3 25 | $174.3M | $702.6M | ||
| Q2 25 | $156.9M | $364.0M | ||
| Q1 25 | $103.7M | $596.1M | ||
| Q4 24 | $349.4M | $742.5M | ||
| Q3 24 | $-159.4M | $703.6M | ||
| Q2 24 | $58.5M | $658.2M | ||
| Q1 24 | $266.1M | $664.6M |
自由现金流CIENRPRX
| Q4 25 | — | — | ||
| Q3 25 | $134.6M | — | ||
| Q2 25 | $128.2M | — | ||
| Q1 25 | $76.8M | — | ||
| Q4 24 | $265.8M | — | ||
| Q3 24 | $-179.0M | — | ||
| Q2 24 | $41.6M | — | ||
| Q1 24 | $249.5M | — |
自由现金流率CIENRPRX
| Q4 25 | — | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | -19.0% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 24.0% | — |
资本支出强度CIENRPRX
| Q4 25 | — | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 1.6% | — |
现金转化率CIENRPRX
| Q4 25 | — | 3.86× | ||
| Q3 25 | 3.47× | 2.44× | ||
| Q2 25 | 17.50× | 12.06× | ||
| Q1 25 | 2.33× | 2.50× | ||
| Q4 24 | 9.44× | 3.57× | ||
| Q3 24 | -11.20× | 1.29× | ||
| Q2 24 | — | 6.45× | ||
| Q1 24 | 5.37× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
