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Side-by-side financial comparison of Arista Networks (ANET) and Academy Sports & Outdoors, Inc. (ASO). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $1.4B, roughly 1.8× Academy Sports & Outdoors, Inc.). Arista Networks runs the higher net margin — 38.4% vs 5.2%, a 33.2% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 3.0%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs -12.2%).
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...
Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.
ANET vs ASO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.4B |
| Net Profit | $955.8M | $71.6M |
| Gross Margin | 62.9% | 35.7% |
| Operating Margin | 41.5% | 7.3% |
| Net Margin | 38.4% | 5.2% |
| Revenue YoY | 28.9% | 3.0% |
| Net Profit YoY | 19.3% | 8.8% |
| EPS (diluted) | $0.74 | $1.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.6B | $1.8B |
| Q4 25 | $955.8M | $71.6M | ||
| Q3 25 | $853.0M | $125.4M | ||
| Q2 25 | $888.8M | $46.1M | ||
| Q1 25 | $813.8M | $133.6M | ||
| Q4 24 | $801.0M | $65.8M | ||
| Q3 24 | $747.9M | $142.6M | ||
| Q2 24 | $665.4M | $76.5M | ||
| Q1 24 | $637.7M | $168.2M |
| Q4 25 | 62.9% | 35.7% | ||
| Q3 25 | 64.6% | 36.0% | ||
| Q2 25 | 65.2% | 34.0% | ||
| Q1 25 | 63.7% | 32.2% | ||
| Q4 24 | 63.8% | 34.0% | ||
| Q3 24 | 64.2% | 36.1% | ||
| Q2 24 | 64.9% | 33.4% | ||
| Q1 24 | 63.7% | 33.3% |
| Q4 25 | 41.5% | 7.3% | ||
| Q3 25 | 42.4% | 10.8% | ||
| Q2 25 | 44.7% | 5.1% | ||
| Q1 25 | 42.8% | 9.2% | ||
| Q4 24 | 41.4% | 6.8% | ||
| Q3 24 | 43.4% | 12.3% | ||
| Q2 24 | 41.4% | 7.5% | ||
| Q1 24 | 42.0% | 11.4% |
| Q4 25 | 38.4% | 5.2% | ||
| Q3 25 | 37.0% | 7.8% | ||
| Q2 25 | 40.3% | 3.4% | ||
| Q1 25 | 40.6% | 8.0% | ||
| Q4 24 | 41.5% | 4.9% | ||
| Q3 24 | 41.3% | 9.2% | ||
| Q2 24 | 39.4% | 5.6% | ||
| Q1 24 | 40.6% | 9.4% |
| Q4 25 | $0.74 | $1.05 | ||
| Q3 25 | $0.67 | $1.85 | ||
| Q2 25 | $0.70 | $0.68 | ||
| Q1 25 | $0.64 | $1.85 | ||
| Q4 24 | $-4.17 | $0.92 | ||
| Q3 24 | $2.33 | $1.95 | ||
| Q2 24 | $2.08 | $1.01 | ||
| Q1 24 | $1.99 | $2.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.0B | $289.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.4B | $2.1B |
| Total Assets | $19.4B | $5.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $289.5M | ||
| Q3 25 | $2.3B | $300.9M | ||
| Q2 25 | $2.2B | $285.1M | ||
| Q1 25 | $1.8B | $288.9M | ||
| Q4 24 | $2.8B | $296.0M | ||
| Q3 24 | $3.2B | $324.6M | ||
| Q2 24 | $2.4B | $378.1M | ||
| Q1 24 | $2.1B | $347.9M |
| Q4 25 | $12.4B | $2.1B | ||
| Q3 25 | $11.9B | $2.1B | ||
| Q2 25 | $10.9B | $1.9B | ||
| Q1 25 | $10.1B | $2.0B | ||
| Q4 24 | $10.0B | $2.0B | ||
| Q3 24 | $9.2B | $2.0B | ||
| Q2 24 | $8.4B | $1.9B | ||
| Q1 24 | $7.9B | $2.0B |
| Q4 25 | $19.4B | $5.4B | ||
| Q3 25 | $18.0B | $5.3B | ||
| Q2 25 | $16.5B | $5.2B | ||
| Q1 25 | $14.5B | $4.9B | ||
| Q4 24 | $14.0B | $5.1B | ||
| Q3 24 | $12.8B | $4.9B | ||
| Q2 24 | $11.6B | $4.9B | ||
| Q1 24 | $10.6B | $4.7B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $49.0M |
| Free Cash FlowOCF − Capex | — | $-13.6M |
| FCF MarginFCF / Revenue | — | -1.0% |
| Capex IntensityCapex / Revenue | — | 4.5% |
| Cash ConversionOCF / Net Profit | 1.32× | 0.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $191.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $49.0M | ||
| Q3 25 | $1.3B | $78.6M | ||
| Q2 25 | $1.2B | $157.5M | ||
| Q1 25 | $641.7M | $140.2M | ||
| Q4 24 | $1.0B | $96.9M | ||
| Q3 24 | $1.2B | $91.3M | ||
| Q2 24 | $989.0M | $199.7M | ||
| Q1 24 | $513.8M | $234.7M |
| Q4 25 | — | $-13.6M | ||
| Q3 25 | $1.2B | $21.8M | ||
| Q2 25 | $1.2B | $106.6M | ||
| Q1 25 | $613.3M | $76.4M | ||
| Q4 24 | — | $34.4M | ||
| Q3 24 | $1.2B | $50.1M | ||
| Q2 24 | $985.9M | $167.4M | ||
| Q1 24 | $504.4M | $178.9M |
| Q4 25 | — | -1.0% | ||
| Q3 25 | 53.6% | 1.4% | ||
| Q2 25 | 53.3% | 7.9% | ||
| Q1 25 | 30.6% | 4.6% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 64.5% | 3.2% | ||
| Q2 24 | 58.3% | 12.3% | ||
| Q1 24 | 32.1% | 10.0% |
| Q4 25 | — | 4.5% | ||
| Q3 25 | 1.3% | 3.5% | ||
| Q2 25 | 1.1% | 3.8% | ||
| Q1 25 | 1.4% | 3.8% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.6% | 3.1% |
| Q4 25 | 1.32× | 0.68× | ||
| Q3 25 | 1.49× | 0.63× | ||
| Q2 25 | 1.35× | 3.42× | ||
| Q1 25 | 0.79× | 1.05× | ||
| Q4 24 | 1.29× | 1.47× | ||
| Q3 24 | 1.57× | 0.64× | ||
| Q2 24 | 1.49× | 2.61× | ||
| Q1 24 | 0.81× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANET
| Products | $2.1B | 84% |
| Services | $392.1M | 16% |
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
