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Side-by-side financial comparison of Arista Networks (ANET) and Cheniere Energy Partners, L.P. (CQP). Click either name above to swap in a different company.
Cheniere Energy Partners, L.P. is the larger business by last-quarter revenue ($2.9B vs $2.5B, roughly 1.2× Arista Networks). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 38.4%, a 5.8% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 18.3%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 12.6%).
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...
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by companies, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year discontinuation of products or services. Fiscal years are for January 1 to December 31, except where noted. Empty cells indicate that no data for that year has ...
ANET vs CQP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.9B |
| Net Profit | $955.8M | $1.3B |
| Gross Margin | 62.9% | — |
| Operating Margin | 41.5% | 50.5% |
| Net Margin | 38.4% | 44.2% |
| Revenue YoY | 28.9% | 18.3% |
| Net Profit YoY | 19.3% | 106.6% |
| 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 | $2.9B | ||
| Q3 25 | $2.3B | $2.4B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $1.9B | $2.5B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $1.9B | ||
| Q1 24 | $1.6B | $2.3B |
| Q4 25 | $955.8M | $1.3B | ||
| Q3 25 | $853.0M | $506.0M | ||
| Q2 25 | $888.8M | $553.0M | ||
| Q1 25 | $813.8M | $641.0M | ||
| Q4 24 | $801.0M | $623.0M | ||
| Q3 24 | $747.9M | $635.0M | ||
| Q2 24 | $665.4M | $570.0M | ||
| Q1 24 | $637.7M | $682.0M |
| Q4 25 | 62.9% | — | ||
| Q3 25 | 64.6% | — | ||
| Q2 25 | 65.2% | — | ||
| Q1 25 | 63.7% | — | ||
| Q4 24 | 63.8% | — | ||
| Q3 24 | 64.2% | — | ||
| Q2 24 | 64.9% | — | ||
| Q1 24 | 63.7% | — |
| Q4 25 | 41.5% | 50.5% | ||
| Q3 25 | 42.4% | 29.0% | ||
| Q2 25 | 44.7% | 29.1% | ||
| Q1 25 | 42.8% | 27.6% | ||
| Q4 24 | 41.4% | 33.0% | ||
| Q3 24 | 43.4% | 40.2% | ||
| Q2 24 | 41.4% | 40.4% | ||
| Q1 24 | 42.0% | 38.1% |
| Q4 25 | 38.4% | 44.2% | ||
| Q3 25 | 37.0% | 21.0% | ||
| Q2 25 | 40.3% | 22.5% | ||
| Q1 25 | 40.6% | 21.4% | ||
| Q4 24 | 41.5% | 25.3% | ||
| Q3 24 | 41.3% | 30.9% | ||
| Q2 24 | 39.4% | 30.1% | ||
| Q1 24 | 40.6% | 29.7% |
| 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 | $182.0M |
| Total DebtLower is stronger | — | $14.2B |
| Stockholders' EquityBook value | $12.4B | — |
| Total Assets | $19.4B | $17.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $182.0M | ||
| Q3 25 | $2.3B | $121.0M | ||
| Q2 25 | $2.2B | $108.0M | ||
| Q1 25 | $1.8B | $94.0M | ||
| Q4 24 | $2.8B | $270.0M | ||
| Q3 24 | $3.2B | $331.0M | ||
| Q2 24 | $2.4B | $351.0M | ||
| Q1 24 | $2.1B | $333.0M |
| Q4 25 | — | $14.2B | ||
| Q3 25 | — | $14.2B | ||
| Q2 25 | — | $14.2B | ||
| Q1 25 | — | $14.7B | ||
| Q4 24 | — | $14.8B | ||
| Q3 24 | — | $14.8B | ||
| Q2 24 | — | $14.8B | ||
| Q1 24 | — | $13.6B |
| Q4 25 | $12.4B | — | ||
| Q3 25 | $11.9B | — | ||
| Q2 25 | $10.9B | — | ||
| Q1 25 | $10.1B | — | ||
| Q4 24 | $10.0B | — | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $7.9B | — |
| Q4 25 | $19.4B | $17.4B | ||
| Q3 25 | $18.0B | $16.8B | ||
| Q2 25 | $16.5B | $16.9B | ||
| Q1 25 | $14.5B | $17.1B | ||
| Q4 24 | $14.0B | $17.5B | ||
| Q3 24 | $12.8B | $17.4B | ||
| Q2 24 | $11.6B | $17.5B | ||
| Q1 24 | $10.6B | $17.5B |
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 | $887.0M |
| Free Cash FlowOCF − Capex | — | $864.0M |
| FCF MarginFCF / Revenue | — | 29.7% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 1.32× | 0.69× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $887.0M | ||
| Q3 25 | $1.3B | $658.0M | ||
| Q2 25 | $1.2B | $558.0M | ||
| Q1 25 | $641.7M | $665.0M | ||
| Q4 24 | $1.0B | $876.0M | ||
| Q3 24 | $1.2B | $691.0M | ||
| Q2 24 | $989.0M | $732.0M | ||
| Q1 24 | $513.8M | $669.0M |
| Q4 25 | — | $864.0M | ||
| Q3 25 | $1.2B | $610.0M | ||
| Q2 25 | $1.2B | $490.0M | ||
| Q1 25 | $613.3M | $605.0M | ||
| Q4 24 | — | $827.0M | ||
| Q3 24 | $1.2B | $652.0M | ||
| Q2 24 | $985.9M | $702.0M | ||
| Q1 24 | $504.4M | $633.0M |
| Q4 25 | — | 29.7% | ||
| Q3 25 | 53.6% | 25.4% | ||
| Q2 25 | 53.3% | 20.0% | ||
| Q1 25 | 30.6% | 20.2% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | 64.5% | 31.7% | ||
| Q2 24 | 58.3% | 37.1% | ||
| Q1 24 | 32.1% | 27.6% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.3% | 2.0% | ||
| Q2 25 | 1.1% | 2.8% | ||
| Q1 25 | 1.4% | 2.0% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 0.2% | 1.6% | ||
| Q1 24 | 0.6% | 1.6% |
| Q4 25 | 1.32× | 0.69× | ||
| Q3 25 | 1.49× | 1.30× | ||
| Q2 25 | 1.35× | 1.01× | ||
| Q1 25 | 0.79× | 1.04× | ||
| Q4 24 | 1.29× | 1.41× | ||
| Q3 24 | 1.57× | 1.09× | ||
| Q2 24 | 1.49× | 1.28× | ||
| Q1 24 | 0.81× | 0.98× |
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% |
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
