Ciena vs Ubiquiti
Ciena reported revenue of $4.8 billion in fiscal 2025, 1.5 times Ubiquiti's $3.3 billion in fiscal 2026. Ciena's revenue grew 18.8% in its latest year, and Ubiquiti's grew 27.2%. Ciena had an operating margin of 4.1%, against 36.2% at Ubiquiti. Free cash flow was $665 million at Ciena and $909 million at Ubiquiti. Their fiscal years end in different months (November 1 and June 30), so the periods don't line up exactly.
Side by side
| Ciena | Ubiquiti | |
|---|---|---|
| Latest fiscal year | FY2025, Nov 1, 2025 | FY2026, Jun 30, 2026 |
| Revenue | $4.8B | $3.3B |
| Revenue growth | 18.8% | 27.2% |
| Revenue growth a year, last 5 years | 6.2% | 11.5% |
| Gross margin | 42.0% | 46.2% |
| Operating margin | 4.1% | 36.2% |
| Net margin | 2.6% | 29.3% |
| Free cash flow | $665M | $909M |
| Free cash flow margin | 13.9% | 27.8% |
| Return on capital | 5.1% | 104.2% |
| Net debt to EBITDA | 0.8x | −0.5x |
| Dividends and buybacks | $334M | $194M |
| Change in diluted share count | −0.5% | 0.1% |
| Last close | $335.93 | $584.72 |
| P/E at the last close | 75.0× | 36.9× |
| Insider trades, last 12 months | sold $101.4 million | sold $542,068 |
| Piotroski F-score | 7 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CienaUbiquiti
Operating margin
Percent of revenue
CienaUbiquiti
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CienaUbiquiti