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Side-by-side financial comparison of Arista Networks (ANET) and AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL). 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× AMERICAN AXLE & MANUFACTURING HOLDINGS INC). Arista Networks runs the higher net margin — 38.4% vs -5.4%, a 43.9% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 0.2%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs -7.2%).
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...
American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.
ANET vs AXL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.4B |
| Net Profit | $955.8M | $-75.3M |
| Gross Margin | 62.9% | 10.2% |
| Operating Margin | 41.5% | -2.4% |
| Net Margin | 38.4% | -5.4% |
| Revenue YoY | 28.9% | 0.2% |
| Net Profit YoY | 19.3% | -449.6% |
| EPS (diluted) | $0.74 | $-0.62 |
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 | $1.5B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.6B |
| Q4 25 | $955.8M | $-75.3M | ||
| Q3 25 | $853.0M | $9.2M | ||
| Q2 25 | $888.8M | $39.3M | ||
| Q1 25 | $813.8M | $7.1M | ||
| Q4 24 | $801.0M | $-13.7M | ||
| Q3 24 | $747.9M | $10.0M | ||
| Q2 24 | $665.4M | $18.2M | ||
| Q1 24 | $637.7M | $20.5M |
| Q4 25 | 62.9% | 10.2% | ||
| Q3 25 | 64.6% | 12.6% | ||
| Q2 25 | 65.2% | 13.1% | ||
| Q1 25 | 63.7% | 12.3% | ||
| Q4 24 | 63.8% | 11.2% | ||
| Q3 24 | 64.2% | 11.4% | ||
| Q2 24 | 64.9% | 13.3% | ||
| Q1 24 | 63.7% | 12.4% |
| Q4 25 | 41.5% | -2.4% | ||
| Q3 25 | 42.4% | 3.2% | ||
| Q2 25 | 44.7% | 3.6% | ||
| Q1 25 | 42.8% | 3.0% | ||
| Q4 24 | 41.4% | 2.6% | ||
| Q3 24 | 43.4% | 2.8% | ||
| Q2 24 | 41.4% | 5.3% | ||
| Q1 24 | 42.0% | 4.8% |
| Q4 25 | 38.4% | -5.4% | ||
| Q3 25 | 37.0% | 0.6% | ||
| Q2 25 | 40.3% | 2.6% | ||
| Q1 25 | 40.6% | 0.5% | ||
| Q4 24 | 41.5% | -1.0% | ||
| Q3 24 | 41.3% | 0.7% | ||
| Q2 24 | 39.4% | 1.1% | ||
| Q1 24 | 40.6% | 1.3% |
| Q4 25 | $0.74 | $-0.62 | ||
| Q3 25 | $0.67 | $0.07 | ||
| Q2 25 | $0.70 | $0.32 | ||
| Q1 25 | $0.64 | $0.06 | ||
| Q4 24 | $-4.17 | $-0.11 | ||
| Q3 24 | $2.33 | $0.08 | ||
| Q2 24 | $2.08 | $0.15 | ||
| Q1 24 | $1.99 | $0.17 |
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 | $708.9M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $12.4B | $640.0M |
| Total Assets | $19.4B | $6.7B |
| Debt / EquityLower = less leverage | — | 6.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $708.9M | ||
| Q3 25 | $2.3B | $714.1M | ||
| Q2 25 | $2.2B | $586.5M | ||
| Q1 25 | $1.8B | $549.2M | ||
| Q4 24 | $2.8B | $552.9M | ||
| Q3 24 | $3.2B | $542.5M | ||
| Q2 24 | $2.4B | $519.9M | ||
| Q1 24 | $2.1B | $469.8M |
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | $12.4B | $640.0M | ||
| Q3 25 | $11.9B | $718.4M | ||
| Q2 25 | $10.9B | $673.0M | ||
| Q1 25 | $10.1B | $596.3M | ||
| Q4 24 | $10.0B | $562.8M | ||
| Q3 24 | $9.2B | $616.3M | ||
| Q2 24 | $8.4B | $609.6M | ||
| Q1 24 | $7.9B | $621.4M |
| Q4 25 | $19.4B | $6.7B | ||
| Q3 25 | $18.0B | $5.3B | ||
| Q2 25 | $16.5B | $5.3B | ||
| Q1 25 | $14.5B | $5.1B | ||
| Q4 24 | $14.0B | $5.1B | ||
| Q3 24 | $12.8B | $5.3B | ||
| Q2 24 | $11.6B | $5.3B | ||
| Q1 24 | $10.6B | $5.4B |
| Q4 25 | — | 6.31× | ||
| Q3 25 | — | 3.61× | ||
| Q2 25 | — | 3.86× | ||
| Q1 25 | — | 4.38× | ||
| Q4 24 | — | 4.58× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 4.42× | ||
| Q1 24 | — | 4.40× |
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 | $120.5M |
| Free Cash FlowOCF − Capex | — | $54.7M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $155.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $120.5M | ||
| Q3 25 | $1.3B | $143.3M | ||
| Q2 25 | $1.2B | $91.9M | ||
| Q1 25 | $641.7M | $55.9M | ||
| Q4 24 | $1.0B | $151.2M | ||
| Q3 24 | $1.2B | $143.6M | ||
| Q2 24 | $989.0M | $142.8M | ||
| Q1 24 | $513.8M | $17.8M |
| Q4 25 | — | $54.7M | ||
| Q3 25 | $1.2B | $79.2M | ||
| Q2 25 | $1.2B | $34.6M | ||
| Q1 25 | $613.3M | $-13.4M | ||
| Q4 24 | — | $73.2M | ||
| Q3 24 | $1.2B | $70.4M | ||
| Q2 24 | $985.9M | $94.0M | ||
| Q1 24 | $504.4M | $-30.2M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | 53.6% | 5.3% | ||
| Q2 25 | 53.3% | 2.3% | ||
| Q1 25 | 30.6% | -0.9% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 64.5% | 4.7% | ||
| Q2 24 | 58.3% | 5.8% | ||
| Q1 24 | 32.1% | -1.9% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 1.3% | 4.3% | ||
| Q2 25 | 1.1% | 3.7% | ||
| Q1 25 | 1.4% | 4.9% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | 0.4% | 4.9% | ||
| Q2 24 | 0.2% | 3.0% | ||
| Q1 24 | 0.6% | 3.0% |
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.49× | 15.58× | ||
| Q2 25 | 1.35× | 2.34× | ||
| Q1 25 | 0.79× | 7.87× | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | 14.36× | ||
| Q2 24 | 1.49× | 7.85× | ||
| Q1 24 | 0.81× | 0.87× |
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% |
AXL
| Driveline | $748.4M | 54% |
| Other | $345.7M | 25% |
| Metal Forming | $289.8M | 21% |
