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%-2.0pp	167.7%-4.4pp	168.1%-4.6pp	168.9%-3.8pp	170.8%-1.7pp
Operating margin	24.7%+6.9pp	20.2%+1.1pp	18.3%-5.0pp	18.3%-9.0pp	17.8%-12.7pp
Net margin	18%+8.1pp	12.6%+1.4pp	10.1%-4.4pp	9.6%-8.6pp	9.9%-10.0pp
EBITDA margin	35.5%+5.5pp	31.3%-0.1pp	29.7%-5.8pp	30.1%-9.4pp	29.9%-12.7pp
Free cash flow margin	56.7%—	——	——	——	——
Returns
Return on equity	33.1%+18.9pp	21.3%+5.5pp	15.9%-5.0pp	14.4%-12.7pp	14.2%-16.1pp
Return on assets	16.1%+8.9pp	10.5%+2.4pp	7.9%-2.8pp	7.3%-6.7pp	7.2%-8.5pp
Return on invested capital	34.8%+18.6pp	23.9%+4.3pp	18.1%-9.0pp	15.6%-19.3pp	16.3%-22.0pp
Efficiency
Asset turnover	3.5×+0.6×	3.3×+0.4×	3.1×+0.2×	3×0.0×	2.9×-0.2×
Inventory turnover	11.9×+2.9×	11×+2.3×	10.3×+1.7×	9.7×+0.9×	9×0.0×
Liquidity
Current ratio	11.5×-3.1×	12.2×-2.9×	13.1×-2.7×	13.9×-2.2×	14.7×-1.3×
Quick ratio	8.4×-2.2×	8.9×-2.0×	9.5×-1.8×	10.1×-1.2×	10.6×-0.4×
Cash ratio	3.5×-0.3×	3.6×-0.5×	3.6×-1.1×	3.7×-1.1×	3.8×-1.2×
Leverage
Debt-to-equity	2.3×0.0×	2.3×+0.1×	2.3×+0.1×	2.3×0.0×	2.3×0.0×
Debt-to-assets	1.1×-0.1×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Net debt / EBITDA	4.9×-4.1×	6.1×-2.3×	7.5×+0.8×	8.3×+2.7×	9×+4.6×
Interest coverage	14.2×+6.6×	10.5×+2.4×	8.7×-1.4×	8.2×-4.3×	7.6×-7.2×
Per Share
Book value per share	$77.00-0.6%	$76.38-2.3%	$76.37-3.5%	$76.87-2.5%	$77.47-1.5%
Valuation
Market capitalization	$149.98B+292%	$84.52B+136%	$61.44B+97.5%	$43.82B+55.5%	$38.27B+42.2%
Enterprise value	$152.04B+271%	$86.69B+125%	$63.84B+91.3%	$46.39B+52.6%	$41.03B+41.9%
Price / earnings	635.4×+227×	552.4×+188×	554.4×+313×	446.4×+290×	408.1×+278×
Price / sales	28.8×+19.5×	17.6×+8.7×	13.7×+6.2×	10.4×+3.7×	9.4×+3.1×
Price / book	53×+39.4×	30.5×+17.9×	22.2×+11.4×	15.7×+5.9×	13.6×+4.3×
EV / EBITDA	316.2×+181×	231.5×+107×	195.9×+101×	146.6×+71.4×	135.7×+71.7×
EV / sales	29.2×+19.2×	18×+8.6×	14.3×+6.2×	11×+3.8×	10×+3.3×
Free cash flow yield	10.3%—	——	——	——	——
Earnings yield	2.8%-1.8pp	3.3%-2.3pp	3.3%-4.7pp	3.8%-7.4pp	4.5%-8.3pp
PEG ratio	52.8×—	——	——	——	——

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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.