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
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 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×
Liquidity
Current ratio	11.5×-0.7×	12.2×-0.8×	13.1×-0.8×	13.9×-0.8×	14.7×-0.5×
Leverage
Debt-to-equity	2.3×0.0×	2.3×0.0×	2.3×0.0×	2.3×0.0×	2.3×0.0×
Net debt / EBITDA	4.9×-1.2×	6.1×-1.4×	7.5×-0.8×	8.3×-0.8×	9×+0.6×
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%
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×

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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.