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Side-by-side financial comparison of Arista Networks (ANET) and Datadog (DDOG). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $953.2M, roughly 2.6× Datadog). Arista Networks runs the higher net margin — 38.4% vs 4.9%, a 33.5% gap on every dollar of revenue. On growth, Datadog posted the faster year-over-year revenue change (29.2% vs 28.9%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 24.9%).
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...
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
ANET vs DDOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $953.2M |
| Net Profit | $955.8M | $46.6M |
| Gross Margin | 62.9% | 80.4% |
| Operating Margin | 41.5% | 1.0% |
| Net Margin | 38.4% | 4.9% |
| Revenue YoY | 28.9% | 29.2% |
| Net Profit YoY | 19.3% | 2.1% |
| EPS (diluted) | $0.74 | $0.13 |
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 | $953.2M | ||
| Q3 25 | $2.3B | $885.7M | ||
| Q2 25 | $2.2B | $826.8M | ||
| Q1 25 | $2.0B | $761.6M | ||
| Q4 24 | $1.9B | $737.7M | ||
| Q3 24 | $1.8B | $690.0M | ||
| Q2 24 | $1.7B | $645.3M | ||
| Q1 24 | $1.6B | $611.3M |
| Q4 25 | $955.8M | $46.6M | ||
| Q3 25 | $853.0M | $33.9M | ||
| Q2 25 | $888.8M | $2.6M | ||
| Q1 25 | $813.8M | $24.6M | ||
| Q4 24 | $801.0M | $45.6M | ||
| Q3 24 | $747.9M | $51.7M | ||
| Q2 24 | $665.4M | $43.8M | ||
| Q1 24 | $637.7M | $42.6M |
| Q4 25 | 62.9% | 80.4% | ||
| Q3 25 | 64.6% | 80.1% | ||
| Q2 25 | 65.2% | 79.9% | ||
| Q1 25 | 63.7% | 79.3% | ||
| Q4 24 | 63.8% | 80.5% | ||
| Q3 24 | 64.2% | 80.0% | ||
| Q2 24 | 64.9% | 80.9% | ||
| Q1 24 | 63.7% | 82.0% |
| Q4 25 | 41.5% | 1.0% | ||
| Q3 25 | 42.4% | -0.7% | ||
| Q2 25 | 44.7% | -4.3% | ||
| Q1 25 | 42.8% | -1.6% | ||
| Q4 24 | 41.4% | 1.3% | ||
| Q3 24 | 43.4% | 2.9% | ||
| Q2 24 | 41.4% | 2.0% | ||
| Q1 24 | 42.0% | 2.0% |
| Q4 25 | 38.4% | 4.9% | ||
| Q3 25 | 37.0% | 3.8% | ||
| Q2 25 | 40.3% | 0.3% | ||
| Q1 25 | 40.6% | 3.2% | ||
| Q4 24 | 41.5% | 6.2% | ||
| Q3 24 | 41.3% | 7.5% | ||
| Q2 24 | 39.4% | 6.8% | ||
| Q1 24 | 40.6% | 7.0% |
| Q4 25 | $0.74 | $0.13 | ||
| Q3 25 | $0.67 | $0.10 | ||
| Q2 25 | $0.70 | $0.01 | ||
| Q1 25 | $0.64 | $0.07 | ||
| Q4 24 | $-4.17 | $0.14 | ||
| Q3 24 | $2.33 | $0.14 | ||
| Q2 24 | $2.08 | $0.12 | ||
| Q1 24 | $1.99 | $0.12 |
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 | $401.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.4B | $3.7B |
| Total Assets | $19.4B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $401.3M | ||
| Q3 25 | $2.3B | $540.6M | ||
| Q2 25 | $2.2B | $489.0M | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $3.2B | $337.4M | ||
| Q2 24 | $2.4B | $411.0M | ||
| Q1 24 | $2.1B | $282.2M |
| Q4 25 | $12.4B | $3.7B | ||
| Q3 25 | $11.9B | $3.4B | ||
| Q2 25 | $10.9B | $3.2B | ||
| Q1 25 | $10.1B | $2.9B | ||
| Q4 24 | $10.0B | $2.7B | ||
| Q3 24 | $9.2B | $2.6B | ||
| Q2 24 | $8.4B | $2.4B | ||
| Q1 24 | $7.9B | $2.2B |
| Q4 25 | $19.4B | $6.6B | ||
| Q3 25 | $18.0B | $6.1B | ||
| Q2 25 | $16.5B | $5.8B | ||
| Q1 25 | $14.5B | $6.0B | ||
| Q4 24 | $14.0B | $5.8B | ||
| Q3 24 | $12.8B | $4.6B | ||
| Q2 24 | $11.6B | $4.4B | ||
| Q1 24 | $10.6B | $4.1B |
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 | $327.1M |
| Free Cash FlowOCF − Capex | — | $318.2M |
| FCF MarginFCF / Revenue | — | 33.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 1.32× | 7.02× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $327.1M | ||
| Q3 25 | $1.3B | $251.5M | ||
| Q2 25 | $1.2B | $200.1M | ||
| Q1 25 | $641.7M | $271.5M | ||
| Q4 24 | $1.0B | $265.2M | ||
| Q3 24 | $1.2B | $228.7M | ||
| Q2 24 | $989.0M | $164.4M | ||
| Q1 24 | $513.8M | $212.3M |
| Q4 25 | — | $318.2M | ||
| Q3 25 | $1.2B | $234.7M | ||
| Q2 25 | $1.2B | $184.9M | ||
| Q1 25 | $613.3M | $262.8M | ||
| Q4 24 | — | $257.5M | ||
| Q3 24 | $1.2B | $220.3M | ||
| Q2 24 | $985.9M | $160.0M | ||
| Q1 24 | $504.4M | $198.1M |
| Q4 25 | — | 33.4% | ||
| Q3 25 | 53.6% | 26.5% | ||
| Q2 25 | 53.3% | 22.4% | ||
| Q1 25 | 30.6% | 34.5% | ||
| Q4 24 | — | 34.9% | ||
| Q3 24 | 64.5% | 31.9% | ||
| Q2 24 | 58.3% | 24.8% | ||
| Q1 24 | 32.1% | 32.4% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.3% | 1.9% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 1.4% | 1.1% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 0.6% | 2.3% |
| Q4 25 | 1.32× | 7.02× | ||
| Q3 25 | 1.49× | 7.42× | ||
| Q2 25 | 1.35× | 75.58× | ||
| Q1 25 | 0.79× | 11.02× | ||
| Q4 24 | 1.29× | 5.82× | ||
| Q3 24 | 1.57× | 4.42× | ||
| Q2 24 | 1.49× | 3.75× | ||
| Q1 24 | 0.81× | 4.98× |
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% |
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
