CIEN NYSE Communications Equipment Financials FY2016βFY2025
Ciena had $4.8B of revenue in fiscal 2025, up 18.8% on the year before. Over five years, revenue changed +6.2% a year on average.
Hi! I read Cienaβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+18.8%
Yes. Sales grew 18.8% last year.
Does it make a profit?
2.6%
A little. It keeps 2.6% of every sale as profit.
Does profit turn into cash?
14.0%
Yes. 14.0% of sales ends up as free cash.
Is debt under control?
0.8x
Yes. It could repay its debt with 0.8 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
75.0x
One share costs 75.0 times its yearly profit per share. Typical for its sector: 33.0x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Ciena had $4.8B of revenue in fiscal 2025, up 18.8% on the year before. Over five years, revenue changed +6.2% a year on average. Its operating margin was 4.1%, down 0.0Β pts: of every 100 in sales, about 4 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Ciena made $123M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 5.8% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $665M in fiscal 2025, 14.0% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Ciena returned $335M to shareholders in fiscal 2025, 50% of free cash flow. The diluted share count fell 0.5%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $100M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$100M
11 insiders
Of sales under plans
96%
$96.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 15, 2026 | Gary B SmithPresident & CEO, Director | Sold plan | 2,952 | $348.02 | $1.0M | Form 4 |
| Oct 15, 2026 | Dino DiPernaEVP & Chief R&D Officer | Sold plan | 890 | $347.04 | $0.3M | Form 4 |
| Oct 15, 2026 | David M RothensteinEVP & Chief Strategy Officer | Sold plan | 2,500 | $348.06 | $0.9M | Form 4 |
| Oct 15, 2026 | Brodie GageEVP & Chief Product & Tech | Sold plan | 1,200 | $344.08 | $0.4M | Form 4 |
| Oct 1, 2026 | Gary B SmithPresident & CEO, Director | Sold plan | 2,952 | $369.66 | $1.1M | Form 4 |
| Oct 1, 2026 | Sheela KosarajuEVP & Chief Legal Officer | Sold plan | 2,101 | $355.19 | $0.7M | Form 4 |
| Oct 1, 2026 | Jason PhippsEVP & Chief Customer Officer | Sold plan | 2,629 | $355.19 | $0.9M | Form 4 |
| Oct 1, 2026 | Marc D. GraffEVP & Chief Financial Officer | Sold plan | 97 | $355.19 | $0.0M | Form 4 |
| Sep 25, 2026 | Joseph CumelloEVP & General Mgr. | Sold plan | 1,586 | $358.52 | $0.6M | Form 4 |
| Sep 24, 2026 | Bruce L. ClaflinDirector | Sold | 2,857 | $355.91 | $1.0M | Form 4 |
| Sep 23, 2026 | Thomas Michael NevensDirector | Sold | 3,738 | $359.04 | $1.3M | Form 4 |
| Sep 16, 2026 | Dino DiPernaEVP & Chief R&D Officer | Sold plan | 249 | $350.00 | $0.1M | Form 4 |
| Sep 15, 2026 | Dino DiPernaEVP & Chief R&D Officer | Sold plan | 249 | $324.86 | $0.1M | Form 4 |
| Sep 15, 2026 | Gary B SmithPresident & CEO, Director | Sold plan | 2,952 | $330.18 | $1.0M | Form 4 |
| Sep 15, 2026 | Brodie GageEVP & Chief Product & | Sold plan | 1,200 | $324.86 | $0.4M | Form 4 |
| Sep 15, 2026 | David M RothensteinEVP & Chief Strategy Officer | Sold plan | 2,500 | $330.48 | $0.8M | Form 4 |
| Sep 1, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $362.90 | $1.1M | Form 4 |
| Aug 17, 2026 | Brodie GageSVP Global Products & Supply | Sold plan | 1,200 | $439.24 | $0.5M | Form 4 |
| Aug 17, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $447.78 | $1.3M | Form 4 |
| Aug 14, 2026 | Marc D. GraffSVP & Chief Financial Officer | Sold plan | 4,995 | $430.72 | $2.2M | Form 4 |
| Aug 14, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $438.10 | $1.1M | Form 4 |
| Aug 3, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $379.81 | $1.1M | Form 4 |
| Jul 15, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $420.91 | $1.1M | Form 4 |
| Jul 15, 2026 | Dino DiPernaSVP Global R&D | Sold plan | 391 | $449.15 | $0.2M | Form 4 |
| Jul 15, 2026 | Brodie GageSVP Global Products & Supply | Sold plan | 1,200 | $449.15 | $0.5M | Form 4 |
| Jul 15, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $421.10 | $1.2M | Form 4 |
| Jul 1, 2026 | Marc D. GraffSVP & Chief Financial Officer | Sold plan | 126 | $466.20 | $0.1M | Form 4 |
| Jul 1, 2026 | Jason PhippsSVP Global Sales and Marketing | Sold plan | 2,629 | $466.20 | $1.2M | Form 4 |
| Jul 1, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $468.83 | $1.4M | Form 4 |
| Jul 1, 2026 | Sheela KosarajuSVP and General Counsel | Sold plan | 2,013 | $466.20 | $0.9M | Form 4 |
| Jun 26, 2026 | Joseph CumelloSVP, General Mgr. Blue Planet | Sold plan | 1,586 | $466.33 | $0.7M | Form 4 |
| Jun 24, 2026 | Marc D. GraffSVP & Chief Financial Officer | Sold plan | 126 | $449.36 | $0.1M | Form 4 |
| Jun 15, 2026 | Brodie GageSVP Global Products & Supply | Sold plan | 1,200 | $466.10 | $0.6M | Form 4 |
| Jun 15, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $457.02 | $1.3M | Form 4 |
| Jun 15, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $457.07 | $1.1M | Form 4 |
| Jun 1, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $565.92 | $1.7M | Form 4 |
| May 15, 2026 | Brodie GageSVP Global Products & Supply | Sold plan | 1,200 | $570.65 | $0.7M | Form 4 |
| May 15, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $562.39 | $1.4M | Form 4 |
| May 15, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $562.05 | $1.7M | Form 4 |
| May 1, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $537.74 | $1.6M | Form 4 |
| Apr 15, 2026 | Brodie GageSVP Global Products & Supply | Sold plan | 1,200 | $471.79 | $0.6M | Form 4 |
| Apr 15, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $467.65 | $1.2M | Form 4 |
| Apr 15, 2026 | Dino DiPernaSVP Global R&D | Sold plan | 2,829 | $471.79 | $1.3M | Form 4 |
| Apr 15, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $467.47 | $1.4M | Form 4 |
| Apr 1, 2026 | Jason PhippsSVP Global Sales and Marketing | Sold plan | 22,014 | $409.80 | $9.0M | Form 4 |
| Apr 1, 2026 | Sheela KosarajuSVP and General Counsel | Sold plan | 2,012 | $401.71 | $0.8M | Form 4 |
| Apr 1, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $415.51 | $1.2M | Form 4 |
| Mar 27, 2026 | Joseph CumelloSVP, General Mgr. Blue Planet | Sold plan | 1,773 | $394.82 | $0.7M | Form 4 |
| Mar 24, 2026 | Brodie GageSVP Global Products & Supply | Sold plan | 5,000 | $405.00 | $2.0M | Form 4 |
| Mar 16, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $345.00 | $0.9M | Form 4 |
| Mar 16, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $359.53 | $1.1M | Form 4 |
| Mar 2, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $354.64 | $1.0M | Form 4 |
| Feb 17, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $299.51 | $0.9M | Form 4 |
| Feb 17, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $300.20 | $0.8M | Form 4 |
| Feb 2, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,952 | $265.60 | $0.8M | Form 4 |
| Jan 15, 2026 | Sheela KosarajuSVP and General Counsel | Sold plan | 382 | $246.23 | $0.1M | Form 4 |
| Jan 15, 2026 | Jason PhippsSVP Global Sales and Marketing | Sold plan | 21,383 | $247.89 | $5.3M | Form 4 |
| Jan 15, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 2,993 | $247.65 | $0.7M | Form 4 |
| Jan 15, 2026 | Dino DiPernaSVP Global R&D | Sold plan | 2,527 | $246.23 | $0.6M | Form 4 |
| Jan 12, 2026 | Joseph CumelloSVP, General Mgr. Blue Planet | Sold plan | 11,929 | $229.82 | $2.7M | Form 4 |
| Jan 12, 2026 | Patrick GallagherDirector | Sold plan | 11,618 | $227.45 | $2.6M | Form 4 |
| Jan 9, 2026 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $219.28 | $0.5M | Form 4 |
| Jan 5, 2026 | Gary B SmithPresident, CEO, Director | Sold plan | 83,552 | $229.44 | $19.2M | Form 4 |
| Jan 2, 2026 | Sheela KosarajuSVP and General Counsel | Sold plan | 1,748 | $241.00 | $0.4M | Form 4 |
| Dec 22, 2025 | Gary B SmithPresident, CEO, Director | Sold plan | 6,800 | $233.46 | $1.6M | Form 4 |
| Dec 15, 2025 | Thomas Michael NevensDirector | Sold | 8,554 | $224.66 | $1.9M | Form 4 |
| Dec 15, 2025 | Brodie GageSVP Global Products & Supply | Sold plan | 550 | $220.84 | $0.1M | Form 4 |
| Dec 15, 2025 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $220.84 | $0.6M | Form 4 |
| Dec 3, 2025 | Gary B SmithPresident, CEO, Director | Sold plan | 6,800 | $192.61 | $1.3M | Form 4 |
| Nov 17, 2025 | Dino DiPernaSVP Global R&D | Sold plan | 1,241 | $190.80 | $0.2M | Form 4 |
| Nov 17, 2025 | Brodie GageSVP Global Products & Supply | Sold plan | 111 | $190.80 | $0.0M | Form 4 |
| Nov 17, 2025 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $191.72 | $0.5M | Form 4 |
| Nov 10, 2025 | Gary B SmithPresident, CEO, Director | Sold plan | 6,800 | $209.45 | $1.4M | Form 4 |
| Nov 3, 2025 | Gary B SmithPresident, CEO, Director | Sold plan | 6,800 | $190.45 | $1.3M | Form 4 |
| Oct 15, 2025 | Dino DiPernaSVP Global R&D | Sold plan | 367 | $169.36 | $0.1M | Form 4 |
| Oct 15, 2025 | Brodie GageSVP Global Products & Supply | Sold plan | 350 | $169.36 | $0.1M | Form 4 |
| Oct 15, 2025 | Gary B SmithPresident, CEO, Director | Sold plan | 6,800 | $170.25 | $1.2M | Form 4 |
| Oct 15, 2025 | David M RothensteinSVP and Chief Strategy Officer | Sold plan | 2,500 | $170.22 | $0.4M | Form 4 |
| Oct 1, 2025 | Sheela KosarajuSVP and General Counsel | Sold plan | 1,747 | $143.42 | $0.3M | Form 4 |
| Oct 1, 2025 | Gary B SmithPresident, CEO, Director | Sold plan | 6,800 | $149.88 | $1.0M | Form 4 |
| Oct 1, 2025 | Jason PhippsSVP Global Sales and Marketing | Sold plan | 1,984 | $143.42 | $0.3M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Ciena owes $271M more than it holds in cash, about 0.8 years of operating profit.
Cash, debt and the ratios that show how comfortably Ciena can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.6B | $1.1B | $1.1B | $1.3B | $1.3B |
| Debt incl. finance leases | $744M | $1.1B | $1.6B | $1.6B | $1.6B |
| Net debt / EBITDA | β1.4x | β0.1x | 1.0x | 1.2x | 0.8x |
| Debt / equity | 0.3x | 0.4x | 0.6x | 0.6x | 0.6x |
| Interest coverage | 16.1x | 4.7x | 4.1x | 1.7x | 2.2x |
| Current ratio | 3.5x | 3.3x | 3.8x | 3.5x | 2.7x |
| Quick ratio | 3.1x | 2.3x | 2.7x | 2.7x | 2.1x |
| Total assets | $4.9B | $5.1B | $5.6B | $5.6B | $5.9B |
| Total liabilities | $1.8B | $2.4B | $2.8B | $2.8B | $3.1B |
| Shareholders' equity | $3.0B | $2.7B | $2.8B | $2.8B | $2.7B |
| Net debt (β = net cash) | β$861M | β$23.3M | $492M | $342M | $271M |
KIRA Β· Its return on capital was 5.1%: every 100 invested in the business earned about 5 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Ciena passes 7 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 9 | 5 / 9 | 7 / 9 |
| Accruals ratio | 1.6% | β7.7% | β11.9% |
| Altman Z'' | 2.65 | 2.30 | 1.90 |
What does the share cost, and how does it compare?
KIRA Β· At $335.93 a share, the company is worth $49.0B: 75.0 times its earnings of the last four quarters.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
β
Adds net cash of β$271M and divides by 145.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
β
Reference multiples: today 71.5x Β· peers 36.7x Β· sector 33.0x.
KIRA Β· Ciena grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 1 of 1.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Ciena CIEN | $49.0B | 18.8% | 4.1% | 14.0% | 5.1% | 75.0x | 7 | |
| Viasat VSAT | $9.1B | 2.7% | 2.3% | 32.2% | 0.6% | β | 6 | Compare β |
| Ubiquiti UI | $35.4B | 27.2% | 36.2% | 27.8% | 104.2% | β | 7 | Compare β |
| F5 FFIV | $26.5B | 9.7% | 24.8% | 29.4% | 30.5% | 36.8x | 8 | Compare β |
| Lumentum LITE | $61.0B | 83.2% | 17.4% | 10.0% | 10.4% | β | 5 | Compare β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.6B | $2.8B | $3.1B | $3.6B | $3.5B | $3.6B | $3.6B | $4.4B | $4.0B | $4.8B |
| Gross profit | $1.2B | $1.2B | $1.3B | $1.5B | $1.7B | $1.7B | $1.6B | $1.9B | $1.7B | $2.0B |
| Research and development | $452M | $475M | $492M | $548M | $530M | $537M | $625M | $751M | $768M | $848M |
| Operating income | $156M | $215M | $230M | $347M | $487M | $495M | $223M | $358M | $167M | $198M |
| Interest expense | $56.7M | $55.9M | $55.2M | $37.5M | $31.3M | $30.8M | $47.0M | $88.0M | $97.0M | $89.4M |
| Pretax income | $86.7M | $156M | $149M | $313M | $456M | $463M | $183M | $324M | $120M | $156M |
| Income tax | $14.1M | β$1.1B | $494M | $59.8M | $94.7M | β$37.4M | $29.6M | $68.8M | $35.9M | $32.9M |
| Net income | $72.6M | $1.3B | β$345M | $253M | $361M | $500M | $153M | $255M | $84.0M | $123M |
| Diluted EPS | $0.51 | $7.53 | β$2.49 | $1.61 | $2.32 | $3.19 | $1.00 | $1.71 | $0.58 | $0.85 |
| Diluted shares | 0.15B | 0.17B | 0.14B | 0.16B | 0.16B | 0.16B | 0.15B | 0.15B | 0.15B | 0.15B |
| Cash flow | ||||||||||
| Cash from operations | $290M | $235M | $229M | $413M | $494M | $542M | β$168M | $168M | $515M | $806M |
| Capital expenditure | $107M | $94.6M | $67.6M | $62.6M | $82.7M | $79.5M | $90.8M | $106M | $137M | $141M |
| Free cash flow | $182M | $140M | $162M | $351M | $411M | $462M | β$259M | $62.1M | $378M | $665M |
| Depreciation and amortization | $125M | $110M | $100M | $109M | $117M | $120M | $128M | $130M | $122M | $130M |
| Stock-based compensation | $52.0M | $48.4M | $53.0M | $59.7M | $67.8M | $84.3M | $105M | $131M | $156M | $185M |
| Acquisitions | $32.0M | $0.0M | $82.7M | $0.0M | $28.3M | $0.0M | $62.0M | $230M | $0.0M | $231M |
| Share buybacks | $0.0M | $0.0M | $111M | $150M | $74.5M | $91.3M | $501M | $242M | $255M | $335M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $111M | $150M | $74.5M | $91.3M | $501M | $242M | $255M | $335M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.1B | $920M | $894M | $1.0B | $1.2B | $1.6B | $1.1B | $1.1B | $1.3B | $1.3B |
| Total debt | $486M | $393M | $686M | $680M | $683M | $677M | $1.1B | $1.6B | $1.5B | $1.5B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $64.4M | $66.2M | $56.9M | $52.1M | $47.9M | $43.3M |
| Current assets | $2.0B | $2.0B | $2.1B | $2.4B | $2.6B | $3.2B | $3.4B | $3.6B | $3.5B | $3.6B |
| Current liabilities | $892M | $1.0B | $963M | $846M | $761M | $909M | $1.0B | $932M | $1,000M | $1.3B |
| Inventory | $211M | $267M | $263M | $345M | $344M | $374M | $947M | $1.1B | $820M | $826M |
| Property and equipment, net | $288M | $309M | $292M | $287M | $272M | $285M | $268M | $280M | $338M | $387M |
| Total assets | $2.9B | $4.0B | $3.8B | $3.9B | $4.2B | $4.9B | $5.1B | $5.6B | $5.6B | $5.9B |
| Total liabilities | $2.1B | $1.8B | $1.8B | $1.7B | $1.7B | $1.8B | $2.4B | $2.8B | $2.8B | $3.1B |
| Shareholders' equity | $766M | $2.1B | $1.9B | $2.2B | $2.5B | $3.0B | $2.7B | $2.8B | $2.8B | $2.7B |
| Margins | ||||||||||
| Gross margin | 44.7% | 44.5% | 42.5% | 43.2% | 46.8% | 47.6% | 43.0% | 42.8% | 42.8% | 42.0% |
| Operating margin | 6.0% | 7.7% | 7.4% | 9.7% | 13.8% | 13.7% | 6.1% | 8.2% | 4.2% | 4.1% |
| EBITDA margin | 10.8% | 11.6% | 10.7% | 12.8% | 17.1% | 17.0% | 9.7% | 11.1% | 7.2% | 6.9% |
| Net margin | 2.8% | 45.0% | β11.1% | 7.1% | 10.2% | 13.8% | 4.2% | 5.8% | 2.1% | 2.6% |
| FCF margin | 7.0% | 5.0% | 5.2% | 9.8% | 11.6% | 12.8% | β7.1% | 1.4% | 9.4% | 14.0% |
| Returns | ||||||||||
| Return on capital | 22.4% | 23.7% | 6.9% | 15.8% | 20.0% | 23.7% | 7.7% | 9.3% | 3.6% | 5.1% |
| Return on capital employed | 7.8% | 8.8% | 8.1% | 11.9% | 15.1% | 13.4% | 5.6% | 8.2% | 3.6% | 4.3% |
| Return on equity | 10.5% | 87.0% | β17.0% | 12.4% | 15.4% | 18.1% | 5.3% | 9.2% | 3.0% | 4.5% |
| Return on assets | 2.6% | 37.0% | β8.9% | 6.6% | 9.0% | 11.1% | 3.1% | 4.8% | 1.5% | 2.1% |
| Growth | ||||||||||
| Revenue growth | 6.3% | 7.7% | 10.4% | 15.4% | β1.1% | 2.5% | 0.3% | 20.8% | β8.5% | 18.8% |
| Net income growth | 522.1% | 1,638.6% | β127.3% | β | 42.6% | 38.5% | β69.4% | 66.7% | β67.1% | 46.9% |
| EPS growth | 410.0% | 1,376.5% | β133.1% | β | 44.1% | 37.5% | β68.7% | 71.0% | β66.1% | 46.6% |
| FCF growth | β8.8% | β23.1% | 15.2% | 116.9% | 17.2% | 12.4% | β156.0% | β | 508.2% | 76.1% |
| Share count change | 25.5% | 12.8% | β15.4% | 9.7% | β1.1% | 0.5% | β2.9% | β1.9% | β2.3% | β0.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | β2.0x | β1.6x | β0.6x | β0.7x | β0.8x | β1.4x | β0.1x | 1.0x | 1.2x | 0.8x |
| Debt / equity | 0.6x | 0.2x | 0.4x | 0.3x | 0.3x | 0.3x | 0.4x | 0.6x | 0.6x | 0.6x |
| Interest coverage | 2.8x | 3.8x | 4.2x | 9.3x | 15.6x | 16.1x | 4.7x | 4.1x | 1.7x | 2.2x |
| Current ratio | 2.3x | 1.9x | 2.2x | 2.8x | 3.4x | 3.5x | 3.3x | 3.8x | 3.5x | 2.7x |
| Quick ratio | 2.0x | 1.7x | 2.0x | 2.4x | 3.0x | 3.1x | 2.3x | 2.7x | 2.7x | 2.1x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.1% | 3.4% | 2.2% | 1.8% | 2.3% | 2.2% | 2.5% | 2.4% | 3.4% | 3.0% |
| Stock comp / revenue | 2.0% | 1.7% | 1.7% | 1.7% | 1.9% | 2.3% | 2.9% | 3.0% | 3.9% | 3.9% |
| Payouts / FCF | 0.0% | 0.0% | 68.7% | 42.8% | 18.1% | 19.8% | β | 389.8% | 67.4% | 50.3% |
| Quality scores | ||||||||||
| Piotroski F-score | 6.0 | 5.0 | 4.0 | 8.0 | 8.0 | 7.0 | 2.0 | 6.0 | 5.0 | 7.0 |
| Altman Z'' | β3.4 | β0.6 | β0.7 | 0.6 | 1.9 | 2.9 | 2.2 | 2.7 | 2.3 | 1.9 |
| Accruals ratio | β7.8% | 30.1% | β14.9% | β4.2% | β3.3% | β0.9% | 6.5% | 1.6% | β7.7% | β11.9% |
Source: SEC EDGAR XBRL filings (CIK 0000936395). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
