Ciena Corporation CIEN
- Market cap
- $51.7B
- P/E
- 77.3×
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Ciena Corporation (CIEN) Return on invested capital
Ciena Corporation's return on invested capital over the twelve months to 31 July 2026 was 12.6%, up 8.4 percentage points from fiscal 2025 (4.18%). Over the past ten years it has ranged from 3.35% (fiscal 2024) to 15.6% (fiscal 2020); the current reading is higher than 18% of that period. That is above the Communication Equipment industry median of 0.72% and above the Technology sector median of 0.00%.
Return on invested capital, annual
Annual
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 4.18% | 0.83 |
| FY2024 | 3.35% | (3.45) |
| FY2023 | 6.80% | 1.51 |
| FY2022 | 5.29% | (9.50) |
| FY2021 | 14.8% | (0.79) |
| FY2020 | 15.6% | 3.84 |
| FY2019 | 11.7% | 3.42 |
| FY2018 | 8.32% | 2.09 |
| FY2017 | 6.23% | (3.86) |
| FY2016 | 10.1% | 3.61 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| UI Ubiquiti Inc. compare | 89.4% |
| ERIC Ericsson compare | 25.1% |
| MSI Motorola Solutions, Inc. compare | 17.3% |
| CIEN Ciena Corporation | 12.6% |
| LITE Lumentum Holdings Inc. compare | 9.26% |
| ZBRA Zebra Technologies Corporation compare | 8.87% |
| HPE Hewlett Packard Enterprise Company compare | 4.31% |
| NOK Nokia Corporation compare | 2.83% |
| ASTS AST SpaceMobile, Inc. compare | −12.2% |
| Communication Equipment industry median | 0.72% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on CIEN
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement