How do Arista Networks and Amphenol compare by revenue?

Arista Networks reported revenue of $2.5B in Q4 2025, while Amphenol reported $6.4B in Q4 2025. Amphenol is 2.6× larger by last-quarter revenue.

Which is growing revenue faster, Arista Networks or Amphenol?

Arista Networks's latest revenue grew 28.9% year-over-year, versus 49.1% for Amphenol. Amphenol is growing faster on a YoY basis.

Which has a higher gross margin, Arista Networks or Amphenol?

Arista Networks's gross margin is 62.9% vs Amphenol's 38.2%. Arista Networks converts more of each revenue dollar into gross profit.

Which has a higher net margin, Arista Networks or Amphenol?

Arista Networks's net margin is 38.4% vs Amphenol's 18.6%. Arista Networks has the higher bottom-line margin.

What is the 2-year revenue CAGR for Arista Networks vs Amphenol?

Over the trailing 8 quarters, Arista Networks compounded revenue at roughly 25.8% per year, versus 40.6% for Amphenol. Amphenol has the faster medium-term growth trajectory.

Where does this ANET vs APH data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Arista Networks (ANET) and Amphenol (APH), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Amphenol is the larger business by last-quarter revenue ($6.4B vs $2.5B, roughly 2.6× Arista Networks). Arista Networks runs the higher net margin — 38.4% vs 18.6%, a 19.9% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (49.1% vs 28.9%). Over the past eight quarters, Amphenol's revenue compounded faster (40.6% CAGR vs 25.8%).

Arista NetworksANETEarnings & Financial Report

NYSE · Information Technology · computer network

Arista Networks, Inc. is an American computer networking company headquartered in Santa Clara, California. The company designs and sells multilayer network switches to deliver software-defined networking (SDN) for large datacenter, cloud computing, high-performance computing, and high-frequency trading environments. These products include 10/25/40/50/100/200/400/800 gigabit low-latency cut-through Ethernet switches. Arista's Linux-based network operating system, Extensible Operating System (E...

AmphenolAPHEarnings & Financial Report

NYSE · Information Technology · electronics

Amphenol Corporation is an American producer of electronic and fiber optic connectors, cable and interconnect systems such as coaxial cables. Amphenol is a portmanteau from the corporation's original name, American Phenolic Corp.

ANET vs APH — Head-to-Head

Bigger by revenue

APH

2.6× larger

$6.4B

$2.5B

Growing faster (revenue YoY)

APH

+20.3% gap

49.1%

28.9%

Higher net margin

ANET

19.9% more per $

38.4%

18.6%

Faster 2-yr revenue CAGR

APH

Annualised

40.6%

25.8%

Income Statement — Q4 2025 vs Q4 2025

Metric	ANET	APH
Revenue	$2.5B	$6.4B
Net Profit	$955.8M	$1.2B
Gross Margin	62.9%	38.2%
Operating Margin	41.5%	26.8%
Net Margin	38.4%	18.6%
Revenue YoY	28.9%	49.1%
Net Profit YoY	19.3%	60.2%
EPS (diluted)	$0.74	$0.93

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

ANET

APH

Q4 25	$2.5B	$6.4B
Q3 25	$2.3B	$6.2B
Q2 25	$2.2B	$5.7B
Q1 25	$2.0B	$4.8B
Q4 24	$1.9B	$4.3B
Q3 24	$1.8B	$4.0B
Q2 24	$1.7B	$3.6B
Q1 24	$1.6B	$3.3B

Net Profit

ANET

APH

Q4 25	$955.8M	$1.2B
Q3 25	$853.0M	$1.2B
Q2 25	$888.8M	$1.1B
Q1 25	$813.8M	$737.8M
Q4 24	$801.0M	$746.1M
Q3 24	$747.9M	$604.4M
Q2 24	$665.4M	$524.8M
Q1 24	$637.7M	$548.7M

Gross Margin

ANET

APH

Q4 25	62.9%	38.2%
Q3 25	64.6%	38.1%
Q2 25	65.2%	36.3%
Q1 25	63.7%	34.2%
Q4 24	63.8%	34.3%
Q3 24	64.2%	33.6%
Q2 24	64.9%	33.6%
Q1 24	63.7%	33.4%

Operating Margin

ANET

APH

Q4 25	41.5%	26.8%
Q3 25	42.4%	27.5%
Q2 25	44.7%	25.1%
Q1 25	42.8%	21.3%
Q4 24	41.4%	22.1%
Q3 24	43.4%	20.3%
Q2 24	41.4%	19.4%
Q1 24	42.0%	21.0%

Net Margin

ANET

APH

Q4 25	38.4%	18.6%
Q3 25	37.0%	20.1%
Q2 25	40.3%	19.3%
Q1 25	40.6%	15.3%
Q4 24	41.5%	17.3%
Q3 24	41.3%	15.0%
Q2 24	39.4%	14.5%
Q1 24	40.6%	16.9%

EPS (diluted)

ANET

APH

Q4 25	$0.74	$0.93
Q3 25	$0.67	$0.97
Q2 25	$0.70	$0.86
Q1 25	$0.64	$0.58
Q4 24	$-4.17	$0.16
Q3 24	$2.33	$0.48
Q2 24	$2.08	$0.41
Q1 24	$1.99	$0.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	ANET	APH
Cash + ST InvestmentsLiquidity on hand	$2.0B	$11.4B
Total DebtLower is stronger	—	$14.6B
Stockholders' EquityBook value	$12.4B	$13.4B
Total Assets	$19.4B	$36.2B
Debt / EquityLower = less leverage	—	1.09×

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

ANET

APH

Q4 25	$2.0B	$11.4B
Q3 25	$2.3B	$3.9B
Q2 25	$2.2B	$3.2B
Q1 25	$1.8B	$1.7B
Q4 24	$2.8B	$3.3B
Q3 24	$3.2B	$1.6B
Q2 24	$2.4B	$1.3B
Q1 24	$2.1B	$2.0B

Total Debt

ANET

APH

Q4 25	—	$14.6B
Q3 25	—	$7.1B
Q2 25	—	$7.1B
Q1 25	—	$6.8B
Q4 24	—	$6.5B
Q3 24	—	$5.1B
Q2 24	—	$5.0B
Q1 24	—	$3.6B

Stockholders' Equity

ANET

APH

Q4 25	$12.4B	$13.4B
Q3 25	$11.9B	$12.5B
Q2 25	$10.9B	$11.5B
Q1 25	$10.1B	$10.3B
Q4 24	$10.0B	$9.8B
Q3 24	$9.2B	$9.5B
Q2 24	$8.4B	$9.0B
Q1 24	$7.9B	$8.7B

Total Assets

ANET

APH

Q4 25	$19.4B	$36.2B
Q3 25	$18.0B	$27.1B
Q2 25	$16.5B	$25.7B
Q1 25	$14.5B	$22.9B
Q4 24	$14.0B	$21.4B
Q3 24	$12.8B	$19.6B
Q2 24	$11.6B	$18.6B
Q1 24	$10.6B	$16.7B

Debt / Equity

ANET

APH

Q4 25	—	1.09×
Q3 25	—	0.57×
Q2 25	—	0.62×
Q1 25	—	0.66×
Q4 24	—	0.66×
Q3 24	—	0.54×
Q2 24	—	0.56×
Q1 24	—	0.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	ANET	APH
Operating Cash FlowLast quarter	$1.3B	$1.7B
Free Cash FlowOCF − Capex	—	$1.5B
FCF MarginFCF / Revenue	—	22.8%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	—	3.9%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	1.32×	1.44×
TTM Free Cash FlowTrailing 4 quarters	—	$4.4B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

ANET

APH

Q4 25	$1.3B	$1.7B
Q3 25	$1.3B	$1.5B
Q2 25	$1.2B	$1.4B
Q1 25	$641.7M	$764.9M
Q4 24	$1.0B	$847.1M
Q3 24	$1.2B	$704.0M
Q2 24	$989.0M	$664.1M
Q1 24	$513.8M	$599.5M

Free Cash Flow

ANET

APH

Q4 25	—	$1.5B
Q3 25	$1.2B	$1.2B
Q2 25	$1.2B	$1.1B
Q1 25	$613.3M	$576.3M
Q4 24	—	$647.3M
Q3 24	$1.2B	$474.0M
Q2 24	$985.9M	$522.8M
Q1 24	$504.4M	$505.2M

FCF Margin

ANET

APH

Q4 25	—	22.8%
Q3 25	53.6%	19.6%
Q2 25	53.3%	19.8%
Q1 25	30.6%	12.0%
Q4 24	—	15.0%
Q3 24	64.5%	11.7%
Q2 24	58.3%	14.5%
Q1 24	32.1%	15.5%

Capex Intensity

ANET

APH

Q4 25	—	3.9%
Q3 25	1.3%	4.2%
Q2 25	1.1%	5.3%
Q1 25	1.4%	3.9%
Q4 24	—	4.6%
Q3 24	0.4%	5.7%
Q2 24	0.2%	3.9%
Q1 24	0.6%	2.9%

Cash Conversion

ANET

APH

Q4 25	1.32×	1.44×
Q3 25	1.49×	1.18×
Q2 25	1.35×	1.30×
Q1 25	0.79×	1.04×
Q4 24	1.29×	1.14×
Q3 24	1.57×	1.16×
Q2 24	1.49×	1.27×
Q1 24	0.81×	1.09×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.