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Side-by-side financial comparison of Arista Networks (ANET) and KE Holdings Inc. (BEKE). Click either name above to swap in a different company.
KE Holdings Inc. is the larger business by last-quarter revenue ($3.2B vs $2.5B, roughly 1.3× Arista Networks). Arista Networks runs the higher net margin — 38.4% vs 3.2%, a 35.2% gap on every dollar of revenue. Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 9.8%).
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...
KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.
ANET vs BEKE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $3.2B |
| Net Profit | $955.8M | $104.9M |
| Gross Margin | 62.9% | 21.4% |
| Operating Margin | 41.5% | 2.6% |
| Net Margin | 38.4% | 3.2% |
| Revenue YoY | 28.9% | — |
| Net Profit YoY | 19.3% | — |
| EPS (diluted) | $0.74 | — |
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 | $3.2B | ||
| Q3 25 | $2.3B | $3.6B | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.0B | $3.2B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.8B | $3.2B | ||
| Q2 24 | $1.7B | $3.2B | ||
| Q1 24 | $1.6B | $2.3B |
| Q4 25 | $955.8M | $104.9M | ||
| Q3 25 | $853.0M | $182.4M | ||
| Q2 25 | $888.8M | — | ||
| Q1 25 | $813.8M | $117.9M | ||
| Q4 24 | $801.0M | — | ||
| Q3 24 | $747.9M | $166.5M | ||
| Q2 24 | $665.4M | $261.5M | ||
| Q1 24 | $637.7M | $59.8M |
| Q4 25 | 62.9% | 21.4% | ||
| Q3 25 | 64.6% | 21.9% | ||
| Q2 25 | 65.2% | — | ||
| Q1 25 | 63.7% | 20.7% | ||
| Q4 24 | 63.8% | — | ||
| Q3 24 | 64.2% | 22.7% | ||
| Q2 24 | 64.9% | 27.9% | ||
| Q1 24 | 63.7% | 25.2% |
| Q4 25 | 41.5% | 2.6% | ||
| Q3 25 | 42.4% | 4.1% | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | 42.8% | 2.5% | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 43.4% | 3.2% | ||
| Q2 24 | 41.4% | 8.6% | ||
| Q1 24 | 42.0% | 0.1% |
| Q4 25 | 38.4% | 3.2% | ||
| Q3 25 | 37.0% | 5.0% | ||
| Q2 25 | 40.3% | — | ||
| Q1 25 | 40.6% | 3.7% | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | 41.3% | 5.2% | ||
| Q2 24 | 39.4% | 8.1% | ||
| Q1 24 | 40.6% | 2.6% |
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.67 | — | ||
| Q2 25 | $0.70 | — | ||
| Q1 25 | $0.64 | — | ||
| Q4 24 | $-4.17 | — | ||
| Q3 24 | $2.33 | — | ||
| Q2 24 | $2.08 | — | ||
| Q1 24 | $1.99 | — |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.4B | — |
| Total Assets | $19.4B | $16.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.1B | $2.5B |
| Q4 25 | $12.4B | — | ||
| Q3 25 | $11.9B | $9.6B | ||
| Q2 25 | $10.9B | — | ||
| Q1 25 | $10.1B | $9.5B | ||
| Q4 24 | $10.0B | — | ||
| Q3 24 | $9.2B | $10.1B | ||
| Q2 24 | $8.4B | $9.7B | ||
| Q1 24 | $7.9B | $9.6B |
| Q4 25 | $19.4B | $16.8B | ||
| Q3 25 | $18.0B | $17.3B | ||
| Q2 25 | $16.5B | — | ||
| Q1 25 | $14.5B | $18.0B | ||
| Q4 24 | $14.0B | — | ||
| Q3 24 | $12.8B | $17.5B | ||
| Q2 24 | $11.6B | $16.9B | ||
| Q1 24 | $10.6B | $16.5B |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $641.7M | $-546.4M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | $64.0M | ||
| Q2 24 | $989.0M | — | ||
| Q1 24 | $513.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $613.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $985.9M | — | ||
| Q1 24 | $504.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 53.3% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 64.5% | — | ||
| Q2 24 | 58.3% | — | ||
| Q1 24 | 32.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 0.79× | -4.64× | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | 0.38× | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 0.81× | — |
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% |
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
