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Stocks Comparison

Ciena vs Fabrinet: revenue, profit, margins and growth compared

Ciena brought in $4.8B of revenue in fiscal 2025, Fabrinet $4.6B in fiscal 2026. Revenue changed by +18.8% at Ciena and +35.7% at Fabrinet on the year before, so Fabrinet grew faster. Ciena kept 2.6% of its revenue as net profit, Fabrinet 10.2%. Free cash flow was $665.3M at Ciena and $4.2M at Fabrinet.

Side by side, latest fiscal year

CIENFN
Fiscal year endedFY2025 (November 1, 2025)FY2026 (June 26, 2026)
Revenue$4.8B$4.6B
Revenue growth+18.8%+35.7%
Net income$123.3M$473M
Net margin2.6%10.2%
Free cash flow$665.3M$4.2M
Free cash flow margin13.9%0.1%
Earnings per share (diluted)$0.85$13.05
Cash$1.1B$346.7M
Debt$1.5Bn/a
Price to earnings419.932.0
Market value$50.5B$15B
Dividend yieldn/an/a
Rank by revenue in sector#41 of 109 · Utilities#43 of 109 · Utilities

Over the years

Revenue
CIEN FY2019: $3.6BCIEN FY2020: $3.6BCIEN FY2020: $3.5BCIEN FY2021: $3.6BCIEN FY2022: $3.6BCIEN FY2023: $4.4BCIEN FY2024: $4BCIEN FY2025: $4.8BFN FY2019: $1.6BFN FY2020: $1.6BFN FY2021: $1.9BFN FY2022: $2.3BFN FY2023: $2.6BFN FY2024: $2.9BFN FY2025: $3.4BFN FY2026: $4.6BFY19FY20FY21FY22FY23FY24FY25FY26
CIEN $4.8BFN $4.6B
Net income
CIEN FY2019: $253.4MCIEN FY2020: $253.4MCIEN FY2020: $361.3MCIEN FY2021: $500.2MCIEN FY2022: $152.9MCIEN FY2023: $254.8MCIEN FY2024: $84MCIEN FY2025: $123.3MFN FY2019: $121MFN FY2020: $113.5MFN FY2021: $148.3MFN FY2022: $200.4MFN FY2023: $247.9MFN FY2024: $296.2MFN FY2025: $332.5MFN FY2026: $473MFY19FY20FY21FY22FY23FY24FY25FY26
CIEN $123.3MFN $473M
Net margin
CIEN FY2019: 7.1%CIEN FY2020: 7.1%CIEN FY2020: 10.2%CIEN FY2021: 13.8%CIEN FY2022: 4.2%CIEN FY2023: 5.8%CIEN FY2024: 2.1%CIEN FY2025: 2.6%FN FY2019: 7.6%FN FY2020: 6.9%FN FY2021: 7.9%FN FY2022: 8.9%FN FY2023: 9.4%FN FY2024: 10.3%FN FY2025: 9.7%FN FY2026: 10.2%FY19FY20FY21FY22FY23FY24FY25FY26
CIEN 2.6%FN 10.2%
Revenue growth
CIEN FY2020: 0.0%CIEN FY2020: -1.1%CIEN FY2021: +2.5%CIEN FY2022: +0.3%CIEN FY2023: +20.8%CIEN FY2024: -8.5%CIEN FY2025: +18.8%FN FY2020: +3.6%FN FY2021: +14.5%FN FY2022: +20.4%FN FY2023: +16.9%FN FY2024: +9.0%FN FY2025: +18.6%FN FY2026: +35.7%FY20FY21FY22FY23FY24FY25FY26
CIEN +18.8%FN +35.7%
Free cash flow
CIEN FY2019: $350.6MCIEN FY2020: $350.6MCIEN FY2020: $411MCIEN FY2021: $462.1MCIEN FY2022: -$258.6MCIEN FY2023: $62.1MCIEN FY2024: $377.9MCIEN FY2025: $665.3MFN FY2019: $128.7MFN FY2020: $108.3MFN FY2021: $76.1MFN FY2022: $34.7MFN FY2023: $152MFN FY2024: $365.6MFN FY2025: $207.3MFN FY2026: $4.2MFY19FY20FY21FY22FY23FY24FY25FY26
CIEN $665.3MFN $4.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ciena and Fabrinet

Which is bigger by revenue, Ciena or Fabrinet?

Ciena is bigger by revenue: $4.8B in fiscal 2025, against $4.6B for Fabrinet in fiscal 2026.

Which keeps more of its revenue as profit, Ciena or Fabrinet?

Ciena had a net margin of 2.6% in fiscal 2025; Fabrinet had 10.2% in fiscal 2026.

Which grew revenue faster, Ciena or Fabrinet?

In their latest fiscal years revenue changed by +18.8% at Ciena and +35.7% at Fabrinet.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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