Ciena (CIEN) Return on Invested Capital [ROIC] (2012 - 2026)
Ciena's Return on Invested Capital [ROIC] was 12.44% in fiscal Q3 2026 (quarter ended Aug 1, 2026), up 8.46 percentage points from 3.99% a year earlier and up 1.79 percentage points from the prior quarter.
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Analysis
Ciena (CIEN) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For FY2025 (ended Nov 1, 2025), Return on Invested Capital [ROIC] at Ciena came in at 3.61%, up 0.95 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of -9.12 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Return on Invested Capital [ROIC] was 2.66% in FY2024 (-4.22 pp), 6.88% in FY2023 (+1.89 pp), 4.99% in FY2022 (-9.36 pp) and 14.35% in FY2021 (+1.62 pp).
- The fiscal Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since fiscal Q2 2022.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for four straight quarters, with an average year-over-year change of +1.42 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was fiscal Q3 2026 (a gain of 8.46 percentage points); the worst was fiscal Q1 2023 (a drop of 9.84 percentage points).
- Per Business Quant data, CIEN's Return on Invested Capital [ROIC] in the three fiscal quarters before Q3 2026 was 10.65% (Q2 2026), 6.07% (Q1 2026) and 3.63% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,063.47 Bn | 4,810.96 Bn | 54.77 Bn | 66.86% |
| 2 | Cisco Systems | 428.94 Bn | 364.87 Bn | 11.06 Bn | 15.92% |
| 3 | Dell Technologies | 298.64 Bn | 254.39 Bn | 9.83 Bn | 37.37% |
| 4 | Arista Networks | 229.87 Bn | 183.32 Bn | 1.91 Bn | - |
| 5 | Sandisk | 196.25 Bn | 184.77 Bn | 7.58 Bn | 73.74% |
| 6 | Sony | 148.95 Bn | 86.21 Bn | 6.53 Bn | 12.20% |
| 7 | Seagate Technology Holdings | 143.51 Bn | 138.50 Bn | 1.90 Bn | 66.09% |
| 8 | Western Digital | 117.29 Bn | 105.42 Bn | 2.03 Bn | 40.01% |
| 9 | Hewlett Packard Enterprise | 75.23 Bn | 53.11 Bn | 4.93 Bn | 5.57% |
| 10 | Ciena | 48.90 Bn | 42.46 Bn | 759.27 Mn | 12.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 12.44% |
| May 2, 2026 | 10.65% |
| Jan 31, 2026 | 6.07% |
| Nov 1, 2025 | 3.63% |
| Aug 2, 2025 | 3.99% |
| May 3, 2025 | 3.18% |
| Feb 1, 2025 | 2.53% |
| Nov 2, 2024 | 2.65% |
| Jul 27, 2024 | 4.35% |
| Apr 27, 2024 | 4.53% |
| Jan 27, 2024 | 6.24% |
| Oct 28, 2023 | 6.32% |
| Jul 29, 2023 | 5.32% |
| Apr 29, 2023 | 4.96% |
| Jan 28, 2023 | 4.86% |
| Oct 29, 2022 | 5.78% |
| Jul 30, 2022 | 8.35% |
| Apr 30, 2022 | 14.41% |
| Jan 29, 2022 | 14.71% |
| Oct 30, 2021 | 14.95% |
API Access
Ciena Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CIEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "CIEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CIEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();