Ciena (CIEN) FCF Margin (2009 - 2026)
Ciena (CIEN) recorded quarterly FCF Margin of 10.77% in Q1 2026, down 40.56% quarter-over-quarter from 18.13% in Q4 2025, and up 361.0% on a YoY basis from 2.34% in Q1 2025.
Ciena (CIEN) FCF Margin (2009 - 2026) Analysis & Trends
Ciena's FCF Margin history runs 18 years deep, the most recent figure standing at 10.77% for Q1 2026.
- In Q1 2026, FCF Margin rose 361.0% year-over-year to 10.77%; the TTM figure through Jan 2026 stood at 14.48% (up 942.0% YoY), while the FY2025 annual figure was 13.95%, up 454.0% from the prior year.
- FCF Margin was 10.77% for Q1 2026 at Ciena, down from 18.13% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 24.07% in Q4 2023 to a low of 30.44% in Q3 2022.
- Historically, FCF Margin has averaged 4.72% across 5 years, with a median of 10.77% in 2026.
- The sharpest annual moves came in 2022 and 2024: FCF Margin plunged 3738 bps in 2022, then jumped 5203 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 3.96% in 2022, then soared by 708 bps to 24.07% in 2023, then retreated by 8 bps to 22.06% in 2024, then dropped by 18 bps to 18.13% in 2025, then sank by 41 bps to 10.77% in 2026.
- The last three FCF Margin figures came in at 10.77% (Q1 2026), 18.13% (Q4 2025), and 17.64% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 21.10% |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 10.77% |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 14.33% |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 6.55% |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 9.78% |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 19.71% |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -2,101.51% |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | -94.99% |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 10.90% |
| 10 | Viavi Solutions | 10.76 Bn | 10.75 Bn | 234.10 Mn | -7.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 10.77% |
| Nov 1, 2025 | 18.13% |
| Aug 2, 2025 | 17.64% |
| May 3, 2025 | 11.39% |
| Feb 1, 2025 | 7.17% |
| Nov 2, 2024 | 22.06% |
| Jul 27, 2024 | -19.99% |
| Apr 27, 2024 | 7.54% |
| Jan 27, 2024 | 24.04% |
| Oct 28, 2023 | 24.07% |
| Jul 29, 2023 | -1.56% |
| Apr 29, 2023 | 17.82% |
| Jan 28, 2023 | -27.99% |
| Oct 29, 2022 | -3.96% |
| Jul 30, 2022 | -30.44% |
| Apr 30, 2022 | 13.09% |
| Jan 29, 2022 | -9.50% |
| Oct 30, 2021 | 17.37% |
| Jul 31, 2021 | 6.94% |
| May 1, 2021 | 27.09% |