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Side-by-side financial comparison of Arista Networks (ANET) and Cushman & Wakefield Ltd. (CWK). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $2.5B, roughly 1.2× Arista Networks). Arista Networks runs the higher net margin — 38.4% vs -0.8%, a 39.2% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 10.8%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 15.5%).
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...
Cushman & Wakefield Inc. is an American global commercial real estate and property management services firm. The company's corporate headquarters is located in Chicago, Illinois. It is named after co-founders J. Clydesdale Cushman and Bernard Wakefield.
ANET vs CWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.9B |
| Net Profit | $955.8M | $-22.4M |
| Gross Margin | 62.9% | — |
| Operating Margin | 41.5% | 6.1% |
| Net Margin | 38.4% | -0.8% |
| Revenue YoY | 28.9% | 10.8% |
| Net Profit YoY | 19.3% | -119.8% |
| EPS (diluted) | $0.74 | $-0.10 |
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 | $2.6B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.7B | $2.3B | ||
| Q1 24 | $1.6B | $2.2B |
| Q4 25 | $955.8M | $-22.4M | ||
| Q3 25 | $853.0M | $51.4M | ||
| Q2 25 | $888.8M | $57.3M | ||
| Q1 25 | $813.8M | $1.9M | ||
| Q4 24 | $801.0M | $112.9M | ||
| Q3 24 | $747.9M | $33.7M | ||
| Q2 24 | $665.4M | $13.5M | ||
| Q1 24 | $637.7M | $-28.8M |
| 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% | 6.1% | ||
| Q3 25 | 42.4% | 4.1% | ||
| Q2 25 | 44.7% | 4.9% | ||
| Q1 25 | 42.8% | 2.0% | ||
| Q4 24 | 41.4% | 6.6% | ||
| Q3 24 | 43.4% | 3.2% | ||
| Q2 24 | 41.4% | 3.1% | ||
| Q1 24 | 42.0% | 0.9% |
| Q4 25 | 38.4% | -0.8% | ||
| Q3 25 | 37.0% | 2.0% | ||
| Q2 25 | 40.3% | 2.3% | ||
| Q1 25 | 40.6% | 0.1% | ||
| Q4 24 | 41.5% | 4.3% | ||
| Q3 24 | 41.3% | 1.4% | ||
| Q2 24 | 39.4% | 0.6% | ||
| Q1 24 | 40.6% | -1.3% |
| Q4 25 | $0.74 | $-0.10 | ||
| Q3 25 | $0.67 | $0.22 | ||
| Q2 25 | $0.70 | $0.25 | ||
| Q1 25 | $0.64 | $0.01 | ||
| Q4 24 | $-4.17 | $0.49 | ||
| Q3 24 | $2.33 | $0.14 | ||
| Q2 24 | $2.08 | $0.06 | ||
| Q1 24 | $1.99 | $-0.13 |
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 | $784.2M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $12.4B | $2.0B |
| Total Assets | $19.4B | $7.7B |
| Debt / EquityLower = less leverage | — | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $784.2M | ||
| Q3 25 | $2.3B | $634.4M | ||
| Q2 25 | $2.2B | $618.2M | ||
| Q1 25 | $1.8B | $623.2M | ||
| Q4 24 | $2.8B | $793.3M | ||
| Q3 24 | $3.2B | $775.4M | ||
| Q2 24 | $2.4B | $567.3M | ||
| Q1 24 | $2.1B | $553.5M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | $12.4B | $2.0B | ||
| Q3 25 | $11.9B | $2.0B | ||
| Q2 25 | $10.9B | $1.9B | ||
| Q1 25 | $10.1B | $1.8B | ||
| Q4 24 | $10.0B | $1.8B | ||
| Q3 24 | $9.2B | $1.7B | ||
| Q2 24 | $8.4B | $1.6B | ||
| Q1 24 | $7.9B | $1.6B |
| Q4 25 | $19.4B | $7.7B | ||
| Q3 25 | $18.0B | $7.7B | ||
| Q2 25 | $16.5B | $7.6B | ||
| Q1 25 | $14.5B | $7.4B | ||
| Q4 24 | $14.0B | $7.5B | ||
| Q3 24 | $12.8B | $7.5B | ||
| Q2 24 | $11.6B | $7.3B | ||
| Q1 24 | $10.6B | $7.5B |
| Q4 25 | — | 1.40× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.96× |
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 | $257.3M |
| Free Cash FlowOCF − Capex | — | $234.3M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $293.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $257.3M | ||
| Q3 25 | $1.3B | $235.5M | ||
| Q2 25 | $1.2B | $9.6M | ||
| Q1 25 | $641.7M | $-162.0M | ||
| Q4 24 | $1.0B | $115.2M | ||
| Q3 24 | $1.2B | $196.1M | ||
| Q2 24 | $989.0M | $21.8M | ||
| Q1 24 | $513.8M | $-125.1M |
| Q4 25 | — | $234.3M | ||
| Q3 25 | $1.2B | $225.0M | ||
| Q2 25 | $1.2B | $300.0K | ||
| Q1 25 | $613.3M | $-166.6M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | $1.2B | $186.7M | ||
| Q2 24 | $985.9M | $10.0M | ||
| Q1 24 | $504.4M | $-135.6M |
| Q4 25 | — | 8.0% | ||
| Q3 25 | 53.6% | 8.6% | ||
| Q2 25 | 53.3% | 0.0% | ||
| Q1 25 | 30.6% | -7.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 64.5% | 8.0% | ||
| Q2 24 | 58.3% | 0.4% | ||
| Q1 24 | 32.1% | -6.2% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.3% | 0.4% | ||
| Q2 25 | 1.1% | 0.4% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 0.4% | 0.4% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 0.6% | 0.5% |
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.49× | 4.58× | ||
| Q2 25 | 1.35× | 0.17× | ||
| Q1 25 | 0.79× | -85.26× | ||
| Q4 24 | 1.29× | 1.02× | ||
| Q3 24 | 1.57× | 5.82× | ||
| Q2 24 | 1.49× | 1.61× | ||
| 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% |
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
