Ciena (CIEN) FCF Margin (2009 - 2026)

Ciena's (CIEN) quarterly FCF Margin came in at 14.91% in Q1 2026, up 568.0% year-on-year from 2.23% in Q1 2025, and down 38.11% quarter-over-quarter from 24.09% in Q4 2025.

Ciena (CIEN) FCF Margin (2009 - 2026) Analysis & Trends

Ciena's FCF Margin history runs 18 years deep, the most recent figure standing at 14.91% for Q1 2026.

  • On a quarterly basis, FCF Margin rose 568.0% year-over-year to 14.91% in Q1 2026; TTM through Jan 2026 was 15.2%, a 989.0% increase from a year earlier, with the FY2025 full-year figure at 13.95%, up 454.0% from the prior year.
  • FCF Margin retreated to 14.91% in Q1 2026 per CIEN's latest filing, from 24.09% in the prior quarter.
  • Across five years, FCF Margin topped out at 25.23% in Q1 2024 and bottomed at 27.99% in Q1 2023.
  • The 5-year median for FCF Margin is 7.51% (2025), against an average of 4.47%.
  • Across the five-year window, FCF Margin plunged 3782 bps in 2022 and surged 5322 bps in 2024, its largest moves.
  • Year by year, FCF Margin stood at 3.96% in 2022, then surged by 310 bps to 8.31% in 2023, then surged by 166 bps to 22.06% in 2024, then gained by 9 bps to 24.09% in 2025, then plunged by 38 bps to 14.91% in 2026.
  • Per Business Quant, the three latest CIEN FCF Margin figures stand at 14.91% (Q1 2026), 24.09% (Q4 2025), and 7.51% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Cisco Systems 444.27 Bn 427.63 Bn 10.08 Bn 21.10%
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 14.33%
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn 6.55%
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 9.78%
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 14.91%
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 20.58%
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn -2,101.51%
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 10.90%
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn 6,089.08%

Historic Data

Download Data
DateValue
Jan 31, 2026 14.91%
Nov 1, 2025 24.09%
Aug 2, 2025 7.51%
May 3, 2025 13.25%
Feb 1, 2025 9.23%
Nov 2, 2024 22.06%
Jul 27, 2024 -17.11%
Apr 27, 2024 3.21%
Jan 27, 2024 25.23%
Oct 28, 2023 8.31%
Jul 29, 2023 0.82%
Apr 29, 2023 22.53%
Jan 28, 2023 -27.99%
Oct 29, 2022 -3.96%
Jul 30, 2022 -26.16%
Apr 30, 2022 6.77%
Jan 29, 2022 -6.80%
Oct 30, 2021 17.37%
Jul 31, 2021 11.66%
May 1, 2021 23.29%