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Side-by-side financial comparison of Arista Networks (ANET) and Opera Ltd (OPRA). Click either name above to swap in a different company.

Arista Networks is the larger business by last-quarter revenue ($2.5B vs $142.7M, roughly 17.4× Opera Ltd). Arista Networks runs the higher net margin — 38.4% vs 12.8%, a 25.6% gap on every dollar of revenue.

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...

Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.

ANET vs OPRA — Head-to-Head

Bigger by revenue
ANET
ANET
17.4× larger
ANET
$2.5B
$142.7M
OPRA
Higher net margin
ANET
ANET
25.6% more per $
ANET
38.4%
12.8%
OPRA

Income Statement — Q4 2025 vs Q1 2025

Metric
ANET
ANET
OPRA
OPRA
Revenue
$2.5B
$142.7M
Net Profit
$955.8M
$18.3M
Gross Margin
62.9%
Operating Margin
41.5%
14.8%
Net Margin
38.4%
12.8%
Revenue YoY
28.9%
Net Profit YoY
19.3%
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.

Revenue
ANET
ANET
OPRA
OPRA
Q4 25
$2.5B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.0B
$142.7M
Q4 24
$1.9B
Q3 24
$1.8B
Q2 24
$1.7B
$211.6M
Q1 24
$1.6B
Net Profit
ANET
ANET
OPRA
OPRA
Q4 25
$955.8M
Q3 25
$853.0M
Q2 25
$888.8M
Q1 25
$813.8M
$18.3M
Q4 24
$801.0M
Q3 24
$747.9M
Q2 24
$665.4M
$34.1M
Q1 24
$637.7M
Gross Margin
ANET
ANET
OPRA
OPRA
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%
Operating Margin
ANET
ANET
OPRA
OPRA
Q4 25
41.5%
Q3 25
42.4%
Q2 25
44.7%
Q1 25
42.8%
14.8%
Q4 24
41.4%
Q3 24
43.4%
Q2 24
41.4%
19.6%
Q1 24
42.0%
Net Margin
ANET
ANET
OPRA
OPRA
Q4 25
38.4%
Q3 25
37.0%
Q2 25
40.3%
Q1 25
40.6%
12.8%
Q4 24
41.5%
Q3 24
41.3%
Q2 24
39.4%
16.1%
Q1 24
40.6%
EPS (diluted)
ANET
ANET
OPRA
OPRA
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
ANET
ANET
OPRA
OPRA
Cash + ST InvestmentsLiquidity on hand
$2.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$12.4B
Total Assets
$19.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANET
ANET
OPRA
OPRA
Q4 25
$2.0B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$1.8B
Q4 24
$2.8B
Q3 24
$3.2B
Q2 24
$2.4B
Q1 24
$2.1B
Stockholders' Equity
ANET
ANET
OPRA
OPRA
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
Total Assets
ANET
ANET
OPRA
OPRA
Q4 25
$19.4B
Q3 25
$18.0B
Q2 25
$16.5B
Q1 25
$14.5B
Q4 24
$14.0B
Q3 24
$12.8B
Q2 24
$11.6B
Q1 24
$10.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANET
ANET
OPRA
OPRA
Operating Cash FlowLast quarter
$1.3B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.32×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANET
ANET
OPRA
OPRA
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$641.7M
Q4 24
$1.0B
Q3 24
$1.2B
Q2 24
$989.0M
Q1 24
$513.8M
Free Cash Flow
ANET
ANET
OPRA
OPRA
Q4 25
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$613.3M
Q4 24
Q3 24
$1.2B
Q2 24
$985.9M
Q1 24
$504.4M
FCF Margin
ANET
ANET
OPRA
OPRA
Q4 25
Q3 25
53.6%
Q2 25
53.3%
Q1 25
30.6%
Q4 24
Q3 24
64.5%
Q2 24
58.3%
Q1 24
32.1%
Capex Intensity
ANET
ANET
OPRA
OPRA
Q4 25
Q3 25
1.3%
Q2 25
1.1%
Q1 25
1.4%
Q4 24
Q3 24
0.4%
Q2 24
0.2%
Q1 24
0.6%
Cash Conversion
ANET
ANET
OPRA
OPRA
Q4 25
1.32×
Q3 25
1.49×
Q2 25
1.35×
Q1 25
0.79×
Q4 24
1.29×
Q3 24
1.57×
Q2 24
1.49×
Q1 24
0.81×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANET
ANET

Products$2.1B84%
Services$392.1M16%

OPRA
OPRA

Segment breakdown not available.

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