Ciena Corporation (CIEN) vs Microchip Technology Incorporated (MCHP)
A side-by-side comparison of Ciena Corporation and Microchip Technology Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 3, 2026. Differences are shown without an overall score or investment verdict.
CIEN
Ciena Corporation
$315.97TechnologyDelayed quote: Sep 3, 2026, 3:15 PM EDT
MCHP
Microchip Technology Incorporated
$73.02TechnologyDelayed quote: Sep 3, 2026, 3:15 PM EDT
Total return — CIEN vs MCHP
growth of $100 · dividends reinvested · last 10yCIEN +1496.8% (+31.9%/yr)MCHP +186.0% (+11.1%/yr)CIEN compounded faster over this window
Log scale — wide-divergence pair
CIEN MCHP
CIEN vs MCHP: by the numbers
- •CIEN is the larger company ($44.73B vs $39.65B market cap).
- •MCHP trades at the lower trailing earnings multiple (100.92 vs 118.05 P/E), one valuation lens rather than an overall verdict.
- •MCHP converts more revenue to profit (8.80% vs 7.87% net margin).
- •CIEN grew revenue faster over the past five years (10.39% vs -2.11% CAGR).
- •MCHP pays a dividend (2.50% yield), while CIEN has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | CIEN | MCHP |
|---|---|---|
| P/E ratio | 118.05 | 100.92 |
| Forward P/E | 54.08 | 46.41 |
| P/S ratio | 9.30 | 7.82 |
| P/B ratio | 17.92 | 6.21 |
| EV / EBITDA | 64.90 | 30.74 |
| FCF yield | 1.61% | 2.77% |
Profitability
| Metric | CIEN | MCHP |
|---|---|---|
| Gross margin | 43.05% | 60.19% |
| Operating margin | 11.18% | 15.52% |
| Net margin | 7.87% | 8.80% |
| ROE | 15.15% | 6.98% |
| ROIC | 11.97% | 5.01% |
Dividends
| Metric | CIEN | MCHP |
|---|---|---|
| Dividend yield | N/A | 2.50% |
| Payout ratio | N/A | 674.07% |
Growth (annualized)
| Metric | CIEN | MCHP |
|---|---|---|
| Revenue CAGR (5Y) | 10.39% | -2.11% |
| EPS CAGR (5Y) | -17.95% | -16.62% |
| FCF CAGR (5Y) | 11.11% | -9.94% |
| Total return CAGR (5Y) | 43.36% | 0.75% |
Frequently asked
- Which has the lower trailing P/E, CIEN or MCHP?
- MCHP has the lower trailing P/E: CIEN trades at 118.05 and MCHP at 100.92. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CIEN or MCHP?
- Over the past five years, CIEN grew revenue faster — CIEN at a 10.39% CAGR versus MCHP at -2.11%.
- Does CIEN or MCHP pay a bigger dividend?
- MCHP pays a dividend (2.50% yield), while CIEN has no payments in the available dividend history.
- Is CIEN or MCHP more profitable?
- MCHP runs the higher net margin — CIEN at 7.87% versus MCHP at 8.80%.
- How have CIEN and MCHP total returns compared?
- Over the past 10 years, CIEN delivered 31.51% and MCHP delivered 10.86% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Ciena P/E ratioMicrochip Technology P/E ratioMicrochip Technology dividend yieldCiena ROEMicrochip Technology ROECiena operating marginMicrochip Technology operating marginCiena revenue growthMicrochip Technology revenue growthCiena free cash flowMicrochip Technology free cash flow
Ciena & Microchip Technology appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 3, 2026.