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Side-by-side financial comparison of Arista Networks (ANET) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $1.8B, roughly 1.4× Hyatt Hotels Corp). Arista Networks runs the higher net margin — 38.4% vs -1.1%, a 39.5% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 11.7%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 2.2%).
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...
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
ANET vs H — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.8B |
| Net Profit | $955.8M | $-20.0M |
| Gross Margin | 62.9% | — |
| Operating Margin | 41.5% | 0.4% |
| Net Margin | 38.4% | -1.1% |
| Revenue YoY | 28.9% | 11.7% |
| Net Profit YoY | 19.3% | 64.3% |
| EPS (diluted) | $0.74 | $-0.20 |
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 | $1.8B | ||
| Q3 25 | $2.3B | $1.8B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $1.9B | $1.6B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.7B | ||
| Q1 24 | $1.6B | $1.7B |
| Q4 25 | $955.8M | $-20.0M | ||
| Q3 25 | $853.0M | $-49.0M | ||
| Q2 25 | $888.8M | $-3.0M | ||
| Q1 25 | $813.8M | $20.0M | ||
| Q4 24 | $801.0M | $-56.0M | ||
| Q3 24 | $747.9M | $471.0M | ||
| Q2 24 | $665.4M | $359.0M | ||
| Q1 24 | $637.7M | $522.0M |
| 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% | 0.4% | ||
| Q3 25 | 42.4% | -1.0% | ||
| Q2 25 | 44.7% | 2.1% | ||
| Q1 25 | 42.8% | 3.0% | ||
| Q4 24 | 41.4% | -3.0% | ||
| Q3 24 | 43.4% | 37.3% | ||
| Q2 24 | 41.4% | 27.1% | ||
| Q1 24 | 42.0% | 31.6% |
| Q4 25 | 38.4% | -1.1% | ||
| Q3 25 | 37.0% | -2.7% | ||
| Q2 25 | 40.3% | -0.2% | ||
| Q1 25 | 40.6% | 1.2% | ||
| Q4 24 | 41.5% | -3.5% | ||
| Q3 24 | 41.3% | 28.9% | ||
| Q2 24 | 39.4% | 21.1% | ||
| Q1 24 | 40.6% | 30.5% |
| Q4 25 | $0.74 | $-0.20 | ||
| Q3 25 | $0.67 | $-0.51 | ||
| Q2 25 | $0.70 | $-0.03 | ||
| Q1 25 | $0.64 | $0.19 | ||
| Q4 24 | $-4.17 | $-0.37 | ||
| Q3 24 | $2.33 | $4.63 | ||
| Q2 24 | $2.08 | $3.46 | ||
| Q1 24 | $1.99 | $4.93 |
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 | $813.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.4B | $3.3B |
| Total Assets | $19.4B | $14.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $813.0M | ||
| Q3 25 | $2.3B | $749.0M | ||
| Q2 25 | $2.2B | $912.0M | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $2.8B | $1.4B | ||
| Q3 24 | $3.2B | $1.1B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.1B | $794.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | $12.4B | $3.3B | ||
| Q3 25 | $11.9B | $3.5B | ||
| Q2 25 | $10.9B | $3.6B | ||
| Q1 25 | $10.1B | $3.5B | ||
| Q4 24 | $10.0B | $3.5B | ||
| Q3 24 | $9.2B | $3.7B | ||
| Q2 24 | $8.4B | $3.9B | ||
| Q1 24 | $7.9B | $3.7B |
| Q4 25 | $19.4B | $14.0B | ||
| Q3 25 | $18.0B | $15.7B | ||
| Q2 25 | $16.5B | $15.9B | ||
| Q1 25 | $14.5B | $14.0B | ||
| Q4 24 | $14.0B | $13.3B | ||
| Q3 24 | $12.8B | $11.9B | ||
| Q2 24 | $11.6B | $12.8B | ||
| Q1 24 | $10.6B | $11.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 0.84× |
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 | $313.0M |
| Free Cash FlowOCF − Capex | — | $236.0M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $313.0M | ||
| Q3 25 | $1.3B | $-20.0M | ||
| Q2 25 | $1.2B | $-67.0M | ||
| Q1 25 | $641.7M | $153.0M | ||
| Q4 24 | $1.0B | $235.0M | ||
| Q3 24 | $1.2B | $-21.0M | ||
| Q2 24 | $989.0M | $177.0M | ||
| Q1 24 | $513.8M | $242.0M |
| Q4 25 | — | $236.0M | ||
| Q3 25 | $1.2B | $-89.0M | ||
| Q2 25 | $1.2B | $-111.0M | ||
| Q1 25 | $613.3M | $123.0M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | $1.2B | $-64.0M | ||
| Q2 24 | $985.9M | $135.0M | ||
| Q1 24 | $504.4M | $208.0M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | 53.6% | -5.0% | ||
| Q2 25 | 53.3% | -6.1% | ||
| Q1 25 | 30.6% | 7.2% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | 64.5% | -3.9% | ||
| Q2 24 | 58.3% | 7.9% | ||
| Q1 24 | 32.1% | 12.1% |
| Q4 25 | — | 4.3% | ||
| Q3 25 | 1.3% | 3.9% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 0.6% | 2.0% |
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 0.79× | 7.65× | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | -0.04× | ||
| Q2 24 | 1.49× | 0.49× | ||
| Q1 24 | 0.81× | 0.46× |
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% |
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
