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CIENA CORP（CIEN）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
CIENA CORP的季度营收约是思佳讯的1.3倍（$1.2B vs $943.7M），CIENA CORP净利率更高（4.1% vs 3.8%，领先0.4%），过去两年CIENA CORP的营收复合增速更高（3.9% vs 2.1%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
CIEN vs SWKS — 直观对比
营收规模更大
CIEN
是对方的1.3倍
$943.7M
净利率更高
CIEN
高出0.4%
3.8%
两年增速更快
CIEN
近两年复合增速
2.1%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $943.7M |
| 净利润 | $50.3M | $35.6M |
| 毛利率 | 41.3% | 40.8% |
| 营业利润率 | 6.0% | 4.5% |
| 净利率 | 4.1% | 3.8% |
| 营收同比 | — | -1.0% |
| 净利润同比 | — | -48.2% |
| 每股收益（稀释后） | $0.35 | $0.24 |
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CIENSWKS
| Q2 26 | — | $943.7M | ||
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | $965.0M | ||
| Q1 25 | $1.1B | $953.2M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $942.3M | $1.0B |
净利润CIENSWKS
| Q2 26 | — | $35.6M | ||
| Q1 26 | — | $79.2M | ||
| Q4 25 | — | $141.4M | ||
| Q3 25 | $50.3M | — | ||
| Q2 25 | $9.0M | $105.0M | ||
| Q1 25 | $44.6M | $68.7M | ||
| Q4 24 | $37.0M | $162.0M | ||
| Q3 24 | $14.2M | $60.5M |
毛利率CIENSWKS
| Q2 26 | — | 40.8% | ||
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 40.2% | 41.6% | ||
| Q1 25 | 44.0% | 41.1% | ||
| Q4 24 | 40.9% | 41.4% | ||
| Q3 24 | 42.9% | 41.9% |
营业利润率CIENSWKS
| Q2 26 | — | 4.5% | ||
| Q1 26 | — | 10.0% | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 2.9% | 11.5% | ||
| Q1 25 | 7.5% | 10.2% | ||
| Q4 24 | 5.3% | 16.9% | ||
| Q3 24 | 2.8% | 5.8% |
净利率CIENSWKS
| Q2 26 | — | 3.8% | ||
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 12.9% | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 0.8% | 10.9% | ||
| Q1 25 | 4.2% | 7.2% | ||
| Q4 24 | 3.3% | 15.2% | ||
| Q3 24 | 1.5% | 5.9% |
每股收益（稀释后）CIENSWKS
| Q2 26 | — | $0.24 | ||
| Q1 26 | — | $0.53 | ||
| Q4 25 | — | $0.95 | ||
| Q3 25 | $0.35 | — | ||
| Q2 25 | $0.06 | $0.70 | ||
| Q1 25 | $0.31 | $0.43 | ||
| Q4 24 | $0.26 | $1.00 | ||
| Q3 24 | $0.10 | $0.36 |
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 | $5.8B |
| 总资产 | $5.7B | $7.9B |
| 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CIENSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.1B | $1.6B |
总债务CIENSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M |
股东权益CIENSWKS
| Q2 26 | — | $5.8B | ||
| Q1 26 | — | $5.8B | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | $5.7B | ||
| Q1 25 | $2.8B | $5.9B | ||
| Q4 24 | $2.8B | $6.4B | ||
| Q3 24 | $2.9B | $6.3B |
总资产CIENSWKS
| Q2 26 | — | $7.9B | ||
| Q1 26 | — | $7.9B | ||
| Q4 25 | — | $7.9B | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $5.7B | $7.7B | ||
| Q1 25 | $5.6B | $7.9B | ||
| Q4 24 | $5.6B | $8.3B | ||
| Q3 24 | $5.6B | $8.3B |
负债/权益比CIENSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× |
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 | $50.3M |
| 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% | 8.7% |
| 现金转化率经营现金流/净利润 | 3.47× | 1.41× |
| 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CIENSWKS
| Q2 26 | — | $50.3M | ||
| Q1 26 | — | $395.5M | ||
| Q4 25 | — | $200.0M | ||
| Q3 25 | $174.3M | — | ||
| Q2 25 | $156.9M | $314.2M | ||
| Q1 25 | $103.7M | $409.4M | ||
| Q4 24 | $349.4M | $377.2M | ||
| Q3 24 | $-159.4M | $476.1M |
自由现金流CIENSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | $339.0M | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | $134.6M | — | ||
| Q2 25 | $128.2M | $252.7M | ||
| Q1 25 | $76.8M | $370.9M | ||
| Q4 24 | $265.8M | $338.2M | ||
| Q3 24 | $-179.0M | $393.3M |
自由现金流率CIENSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | 32.7% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 11.4% | 26.2% | ||
| Q1 25 | 7.2% | 38.9% | ||
| Q4 24 | 23.6% | 31.7% | ||
| Q3 24 | -19.0% | 38.4% |
资本支出强度CIENSWKS
| Q2 26 | — | 8.7% | ||
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.6% | 6.4% | ||
| Q1 25 | 2.5% | 4.0% | ||
| Q4 24 | 7.4% | 3.6% | ||
| Q3 24 | 2.1% | 8.1% |
现金转化率CIENSWKS
| Q2 26 | — | 1.41× | ||
| Q1 26 | — | 4.99× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | 3.47× | — | ||
| Q2 25 | 17.50× | 2.99× | ||
| Q1 25 | 2.33× | 5.96× | ||
| Q4 24 | 9.44× | 2.33× | ||
| Q3 24 | -11.20× | 7.87× |
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% |
SWKS
暂无分部数据
