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

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	43%+1.1pp	42.1%-0.5pp	42%-0.8pp	41.6%-1.9pp	41.9%-1.3pp
Operating margin	9.2%+4.5pp	6%+2.0pp	4.1%0.0pp	5.4%+0.5pp	4.7%-1.4pp
Net margin	7.9%+5.4pp	4.5%+2.5pp	2.6%+0.5pp	3.1%-0.3pp	2.5%-1.2pp
EBITDA margin	11.7%+4.2pp	8.6%+1.6pp	6.9%-0.3pp	8.2%+0.2pp	7.6%-1.5pp
Free cash flow margin	15%—	14.5%—	13.9%—	13.3%—	——
Returns
Return on equity	15.5%+11.8pp	8.2%+5.4pp	4.4%+1.5pp	5%+0.2pp	3.7%-1.6pp
Return on assets	7.5%+5.6pp	4%+2.6pp	2.1%+0.7pp	2.5%0.0pp	1.9%-0.8pp
Return on invested capital	15%+10.9pp	9.1%+5.8pp	5.8%+2.5pp	5%-0.7pp	4%-3.4pp
Efficiency
Asset turnover	1×+0.2×	0.9×+0.2×	0.8×+0.1×	0.8×+0.1×	0.8×0.0×
Inventory turnover	3.2×+0.9×	3×+0.7×	2.9×+0.7×	2.7×+0.6×	2.4×+0.3×
Liquidity
Current ratio	2.7×-0.7×	2.8×-0.8×	2.7×-0.8×	3.3×-0.8×	3.4×-0.5×
Quick ratio	2×-0.5×	2×-0.6×	2×-0.6×	2.4×-0.5×	2.5×-0.2×
Cash ratio	0.8×-0.1×	0.9×0.0×	0.8×-0.1×	0.9×-0.1×	0.9×-0.3×
Leverage
Debt-to-equity	0.5×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	0.8×-1.2×	1.1×-1.4×	1.6×-0.8×	1.4×-0.8×	2×+0.6×
Interest coverage	5.9×+3.8×	3.5×+1.8×	2.2×+0.5×	2.7×+0.6×	2.1×-0.5×
Per Share
Book value per share	$19.77+3.2%	$19.15+0.1%	$18.79-2.6%	$19.29-3.0%	$19.15-3.6%
Valuation
Market capitalization	$74.6B+716%	$35.47B+186%	$26.79B+192%	$13.12B+73.2%	$9.14B+36.7%
Enterprise value	$75.13B+668%	$35.93B+175%	$27.32B+177%	$13.66B+64.7%	$9.78B+35.9%
Price / earnings	170.2×+83.0×	154.9×-1.9×	217.2×+108×	93.2×+38.3×	87.2×+43.7×
Price / sales	13.4×+11.3×	6.9×+3.9×	5.6×+3.3×	2.9×+1.0×	2.1×+0.5×
Price / book	25.8×+22.5×	12.7×+8.3×	9.8×+6.6×	4.7×+2.1×	3.3×+1.0×
EV / EBITDA	114.9×+84.7×	81.3×+35.6×	83.4×+49.3×	36.6×+11.0×	30.2×+11.2×
EV / sales	13.5×+11.2×	7×+3.8×	5.7×+3.3×	3×+0.9×	2.3×+0.6×
Free cash flow yield	1.1%—	2.1%—	2.5%—	4.6%—	——
Earnings yield	0.6%-0.6pp	0.6%0.0pp	0.5%-0.5pp	1.1%-0.7pp	1.1%-1.2pp
PEG ratio	0.5×—	0.8×—	4.6×—	46.8×—	——

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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.