What are Ciena's profit margins?

Ciena (CIEN) runs a 43.0% gross margin and a 9.2% operating margin, with a 7.9% net margin.

Where do Ciena's ratios come from?

Every ratio is computed from Ciena's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Ciena CIEN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Profitability
Gross margin	168.8%+1.1pp	167.7%-0.5pp	168.1%-0.8pp	168.9%-1.9pp	170.8%-1.3pp
Operating margin	24.7%+4.5pp	20.2%+2.0pp	18.3%0.0pp	18.3%+0.5pp	17.8%-1.4pp
Net margin	18%+5.4pp	12.6%+2.5pp	10.1%+0.5pp	9.6%-0.3pp	9.9%-1.2pp
EBITDA margin	35.5%+4.2pp	31.3%+1.6pp	29.7%-0.3pp	30.1%+0.2pp	29.9%-1.5pp
Free cash flow margin	56.7%—	——	——	——	——
Returns
Return on equity	33.1%+11.8pp	21.3%+5.4pp	15.9%+1.5pp	14.4%+0.2pp	14.2%-1.6pp
Return on assets	16.1%+5.6pp	10.5%+2.6pp	7.9%+0.7pp	7.3%0.0pp	7.2%-0.8pp
Return on invested capital	34.8%+10.9pp	23.9%+5.8pp	18.1%+2.5pp	15.6%-0.7pp	16.3%-3.4pp
Efficiency
Asset turnover	3.5×+0.2×	3.3×+0.2×	3.1×+0.1×	3×+0.1×	2.9×0.0×
Inventory turnover	11.9×+0.9×	11×+0.7×	10.3×+0.7×	9.7×+0.6×	9×+0.3×
Liquidity
Current ratio	11.5×-0.7×	12.2×-0.8×	13.1×-0.8×	13.9×-0.8×	14.7×-0.5×
Quick ratio	8.4×-0.5×	8.9×-0.6×	9.5×-0.6×	10.1×-0.5×	10.6×-0.2×
Cash ratio	3.5×-0.1×	3.6×0.0×	3.6×-0.1×	3.7×-0.1×	3.8×-0.3×
Leverage
Debt-to-equity	2.3×0.0×	2.3×0.0×	2.3×0.0×	2.3×0.0×	2.3×0.0×
Debt-to-assets	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Net debt / EBITDA	4.9×-1.2×	6.1×-1.4×	7.5×-0.8×	8.3×-0.8×	9×+0.6×
Interest coverage	14.2×+3.8×	10.5×+1.8×	8.7×+0.5×	8.2×+0.6×	7.6×-0.5×
Per Share
Book value per share	$77.00+0.8%	$76.380.0%	$76.37-0.7%	$76.87-0.8%	$77.47-0.9%
Valuation
Market capitalization	$149.98B+77.4%	$84.52B+37.6%	$61.44B+40.2%	$43.82B+14.5%	$38.27B+6.8%
Enterprise value	$152.04B+75.4%	$86.69B+35.8%	$63.84B+37.6%	$46.39B+13.1%	$41.03B+6.7%
Price / earnings	635.4×+83.0×	552.4×-1.9×	554.4×+108×	446.4×+38.3×	408.1×+43.7×
Price / sales	28.8×+11.3×	17.6×+3.9×	13.7×+3.3×	10.4×+1.0×	9.4×+0.5×
Price / book	53×+22.5×	30.5×+8.3×	22.2×+6.6×	15.7×+2.1×	13.6×+1.0×
EV / EBITDA	316.2×+84.7×	231.5×+35.6×	195.9×+49.3×	146.6×+11.0×	135.7×+11.2×
EV / sales	29.2×+11.2×	18×+3.8×	14.3×+3.3×	11×+0.9×	10×+0.6×
Free cash flow yield	10.3%—	——	——	——	——
Earnings yield	2.8%-0.6pp	3.3%0.0pp	3.3%-0.5pp	3.8%-0.7pp	4.5%-1.2pp
PEG ratio	52.8×—	——	——	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Ciena.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Ciena's profit margins?: Ciena (CIEN) runs a 43.0% gross margin and a 9.2% operating margin, with a 7.9% net margin.
Where do Ciena's ratios come from?: Every ratio is computed from Ciena's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.