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Side-by-side financial comparison of Arista Networks (ANET) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $1.4B, roughly 1.8× LOGITECH INTERNATIONAL S.A.). Arista Networks runs the higher net margin — 38.4% vs 17.7%, a 20.8% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 6.1%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 18.5%).
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...
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
ANET vs LOGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.4B |
| Net Profit | $955.8M | $251.0M |
| Gross Margin | 62.9% | 43.2% |
| Operating Margin | 41.5% | 20.1% |
| Net Margin | 38.4% | 17.7% |
| Revenue YoY | 28.9% | 6.1% |
| Net Profit YoY | 19.3% | 25.4% |
| EPS (diluted) | $0.74 | $1.69 |
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 | $1.4B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.6B | $1.0B |
| Q4 25 | $955.8M | $251.0M | ||
| Q3 25 | $853.0M | $170.7M | ||
| Q2 25 | $888.8M | $146.0M | ||
| Q1 25 | $813.8M | $144.1M | ||
| Q4 24 | $801.0M | $200.1M | ||
| Q3 24 | $747.9M | $145.5M | ||
| Q2 24 | $665.4M | $141.8M | ||
| Q1 24 | $637.7M | $167.6M |
| Q4 25 | 62.9% | 43.2% | ||
| Q3 25 | 64.6% | 43.4% | ||
| Q2 25 | 65.2% | 41.7% | ||
| Q1 25 | 63.7% | 43.1% | ||
| Q4 24 | 63.8% | 42.9% | ||
| Q3 24 | 64.2% | 43.6% | ||
| Q2 24 | 64.9% | 42.8% | ||
| Q1 24 | 63.7% | 43.2% |
| Q4 25 | 41.5% | 20.1% | ||
| Q3 25 | 42.4% | 16.1% | ||
| Q2 25 | 44.7% | 14.1% | ||
| Q1 25 | 42.8% | 10.5% | ||
| Q4 24 | 41.4% | 17.5% | ||
| Q3 24 | 43.4% | 14.4% | ||
| Q2 24 | 41.4% | 14.1% | ||
| Q1 24 | 42.0% | 12.9% |
| Q4 25 | 38.4% | 17.7% | ||
| Q3 25 | 37.0% | 14.4% | ||
| Q2 25 | 40.3% | 12.7% | ||
| Q1 25 | 40.6% | 14.3% | ||
| Q4 24 | 41.5% | 14.9% | ||
| Q3 24 | 41.3% | 13.0% | ||
| Q2 24 | 39.4% | 13.0% | ||
| Q1 24 | 40.6% | 16.6% |
| Q4 25 | $0.74 | $1.69 | ||
| Q3 25 | $0.67 | $1.15 | ||
| Q2 25 | $0.70 | $0.98 | ||
| Q1 25 | $0.64 | $0.94 | ||
| Q4 24 | $-4.17 | $1.32 | ||
| Q3 24 | $2.33 | $0.95 | ||
| Q2 24 | $2.08 | $0.92 | ||
| Q1 24 | $1.99 | $1.07 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.4B | $2.3B |
| Total Assets | $19.4B | $4.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.8B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $2.8B | $1.5B | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.1B | $1.5B |
| Q4 25 | $12.4B | $2.3B | ||
| Q3 25 | $11.9B | $2.1B | ||
| Q2 25 | $10.9B | $2.2B | ||
| Q1 25 | $10.1B | $2.1B | ||
| Q4 24 | $10.0B | $2.1B | ||
| Q3 24 | $9.2B | $2.1B | ||
| Q2 24 | $8.4B | $2.2B | ||
| Q1 24 | $7.9B | $2.2B |
| Q4 25 | $19.4B | $4.1B | ||
| Q3 25 | $18.0B | $3.7B | ||
| Q2 25 | $16.5B | $3.7B | ||
| Q1 25 | $14.5B | $3.5B | ||
| Q4 24 | $14.0B | $3.7B | ||
| Q3 24 | $12.8B | $3.6B | ||
| Q2 24 | $11.6B | $3.7B | ||
| Q1 24 | $10.6B | $3.6B |
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 | $480.5M |
| Free Cash FlowOCF − Capex | — | $465.6M |
| FCF MarginFCF / Revenue | — | 32.8% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 1.32× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $480.5M | ||
| Q3 25 | $1.3B | $228.8M | ||
| Q2 25 | $1.2B | $125.0M | ||
| Q1 25 | $641.7M | $129.7M | ||
| Q4 24 | $1.0B | $370.9M | ||
| Q3 24 | $1.2B | $166.0M | ||
| Q2 24 | $989.0M | $176.0M | ||
| Q1 24 | $513.8M | $239.1M |
| Q4 25 | — | $465.6M | ||
| Q3 25 | $1.2B | $212.3M | ||
| Q2 25 | $1.2B | $108.8M | ||
| Q1 25 | $613.3M | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | $1.2B | $151.5M | ||
| Q2 24 | $985.9M | $161.4M | ||
| Q1 24 | $504.4M | $228.8M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | 53.6% | 17.9% | ||
| Q2 25 | 53.3% | 9.5% | ||
| Q1 25 | 30.6% | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | 64.5% | 13.6% | ||
| Q2 24 | 58.3% | 14.8% | ||
| Q1 24 | 32.1% | 22.6% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.6% | 1.0% |
| Q4 25 | 1.32× | 1.91× | ||
| Q3 25 | 1.49× | 1.34× | ||
| Q2 25 | 1.35× | 0.86× | ||
| Q1 25 | 0.79× | 0.90× | ||
| Q4 24 | 1.29× | 1.85× | ||
| Q3 24 | 1.57× | 1.14× | ||
| Q2 24 | 1.49× | 1.24× | ||
| Q1 24 | 0.81× | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
