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CIENA CORP（CIEN）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是CIENA CORP的1.6倍（$1.9B vs $1.2B），Vulcan Materials Company净利率更高（13.2% vs 4.1%，领先9.1%），过去两年CIENA CORP的营收复合增速更高（3.9% vs -2.6%）
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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
CIEN vs VMC — 直观对比
营收规模更大
VMC
是对方的1.6倍
$1.2B
净利率更高
VMC
高出9.1%
4.1%
两年增速更快
CIEN
近两年复合增速
-2.6%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $50.3M | $252.0M |
| 毛利率 | 41.3% | 25.5% |
| 营业利润率 | 6.0% | 19.8% |
| 净利率 | 4.1% | 13.2% |
| 营收同比 | — | -74.2% |
| 净利润同比 | — | -72.4% |
| 每股收益（稀释后） | $0.35 | $1.70 |
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CIENVMC
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $942.3M | $2.0B | ||
| Q2 24 | $910.8M | $2.0B |
净利润CIENVMC
| Q1 26 | — | $252.0M | ||
| Q4 25 | — | $252.0M | ||
| Q3 25 | $50.3M | $374.9M | ||
| Q2 25 | $9.0M | $320.9M | ||
| Q1 25 | $44.6M | $128.9M | ||
| Q4 24 | $37.0M | $293.6M | ||
| Q3 24 | $14.2M | $207.6M | ||
| Q2 24 | $-16.8M | $308.0M |
毛利率CIENVMC
| Q1 26 | — | 25.5% | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | 41.3% | 30.4% | ||
| Q2 25 | 40.2% | 29.7% | ||
| Q1 25 | 44.0% | 22.3% | ||
| Q4 24 | 40.9% | 29.0% | ||
| Q3 24 | 42.9% | 28.2% | ||
| Q2 24 | 42.7% | 29.4% |
营业利润率CIENVMC
| Q1 26 | — | 19.8% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 6.0% | 23.7% | ||
| Q2 25 | 2.9% | 22.4% | ||
| Q1 25 | 7.5% | 13.9% | ||
| Q4 24 | 5.3% | 21.6% | ||
| Q3 24 | 2.8% | 16.8% | ||
| Q2 24 | -0.4% | 22.5% |
净利率CIENVMC
| Q1 26 | — | 13.2% | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | 4.1% | 16.4% | ||
| Q2 25 | 0.8% | 15.3% | ||
| Q1 25 | 4.2% | 7.9% | ||
| Q4 24 | 3.3% | 15.8% | ||
| Q3 24 | 1.5% | 10.4% | ||
| Q2 24 | -1.8% | 15.3% |
每股收益（稀释后）CIENVMC
| Q1 26 | — | $1.70 | ||
| Q4 25 | — | $1.90 | ||
| Q3 25 | $0.35 | $2.82 | ||
| Q2 25 | $0.06 | $2.42 | ||
| Q1 25 | $0.31 | $0.97 | ||
| Q4 24 | $0.26 | $2.21 | ||
| Q3 24 | $0.10 | $1.56 | ||
| Q2 24 | $-0.12 | $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 | $183.3M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $2.8B | $8.5B |
| 总资产 | $5.7B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资CIENVMC
| Q1 26 | — | $183.3M | ||
| Q4 25 | — | $183.3M | ||
| Q3 25 | $1.3B | $191.3M | ||
| Q2 25 | $1.3B | $347.4M | ||
| Q1 25 | $1.2B | $181.3M | ||
| Q4 24 | $1.3B | $559.7M | ||
| Q3 24 | $1.1B | $433.2M | ||
| Q2 24 | $1.3B | $111.0M |
总债务CIENVMC
| Q1 26 | — | $4.4B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B |
股东权益CIENVMC
| Q1 26 | — | $8.5B | ||
| Q4 25 | — | $8.5B | ||
| Q3 25 | $2.8B | $8.7B | ||
| Q2 25 | $2.8B | $8.4B | ||
| Q1 25 | $2.8B | $8.1B | ||
| Q4 24 | $2.8B | $8.1B | ||
| Q3 24 | $2.9B | $7.9B | ||
| Q2 24 | $2.9B | $7.7B |
总资产CIENVMC
| Q1 26 | — | $16.7B | ||
| Q4 25 | — | $16.7B | ||
| Q3 25 | $5.7B | $17.0B | ||
| Q2 25 | $5.7B | $17.0B | ||
| Q1 25 | $5.6B | $16.7B | ||
| Q4 24 | $5.6B | $17.1B | ||
| Q3 24 | $5.6B | $14.4B | ||
| Q2 24 | $5.6B | $14.2B |
负债/权益比CIENVMC
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | $1.8B |
| 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× | 7.19× |
| 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CIENVMC
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | $543.0M | ||
| Q3 25 | $174.3M | $676.8M | ||
| Q2 25 | $156.9M | $341.7M | ||
| Q1 25 | $103.7M | $251.5M | ||
| Q4 24 | $349.4M | $440.1M | ||
| Q3 24 | $-159.4M | $595.0M | ||
| Q2 24 | $58.5M | $201.1M |
自由现金流CIENVMC
| Q1 26 | — | — | ||
| Q4 25 | — | $358.2M | ||
| Q3 25 | $134.6M | $454.8M | ||
| Q2 25 | $128.2M | $238.8M | ||
| Q1 25 | $76.8M | $83.5M | ||
| Q4 24 | $265.8M | $277.6M | ||
| Q3 24 | $-179.0M | $498.2M | ||
| Q2 24 | $41.6M | $9.7M |
自由现金流率CIENVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 18.7% | ||
| Q3 25 | 11.0% | 19.8% | ||
| Q2 25 | 11.4% | 11.4% | ||
| Q1 25 | 7.2% | 5.1% | ||
| Q4 24 | 23.6% | 15.0% | ||
| Q3 24 | -19.0% | 24.9% | ||
| Q2 24 | 4.6% | 0.5% |
资本支出强度CIENVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | 3.3% | 9.7% | ||
| Q2 25 | 2.6% | 4.9% | ||
| Q1 25 | 2.5% | 10.3% | ||
| Q4 24 | 7.4% | 8.8% | ||
| Q3 24 | 2.1% | 4.8% | ||
| Q2 24 | 1.9% | 9.5% |
现金转化率CIENVMC
| Q1 26 | — | 7.19× | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | 3.47× | 1.81× | ||
| Q2 25 | 17.50× | 1.06× | ||
| Q1 25 | 2.33× | 1.95× | ||
| Q4 24 | 9.44× | 1.50× | ||
| Q3 24 | -11.20× | 2.87× | ||
| Q2 24 | — | 0.65× |
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% |
VMC
暂无分部数据
