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Side-by-side financial comparison of Arista Networks (ANET) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $1.9B, roughly 1.3× Primoris Services Corp). Arista Networks runs the higher net margin — 38.4% vs 2.8%, a 35.6% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 6.7%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 14.7%).
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...
Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.
ANET vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.9B |
| Net Profit | $955.8M | $51.7M |
| Gross Margin | 62.9% | 9.4% |
| Operating Margin | 41.5% | 4.2% |
| Net Margin | 38.4% | 2.8% |
| Revenue YoY | 28.9% | 6.7% |
| Net Profit YoY | 19.3% | -4.2% |
| EPS (diluted) | $0.74 | $0.94 |
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 | $1.9B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.4B |
| Q4 25 | $955.8M | $51.7M | ||
| Q3 25 | $853.0M | $94.6M | ||
| Q2 25 | $888.8M | $84.3M | ||
| Q1 25 | $813.8M | $44.2M | ||
| Q4 24 | $801.0M | $54.0M | ||
| Q3 24 | $747.9M | $58.4M | ||
| Q2 24 | $665.4M | $49.5M | ||
| Q1 24 | $637.7M | $18.9M |
| Q4 25 | 62.9% | 9.4% | ||
| Q3 25 | 64.6% | 10.8% | ||
| Q2 25 | 65.2% | 12.3% | ||
| Q1 25 | 63.7% | 10.4% | ||
| Q4 24 | 63.8% | 10.6% | ||
| Q3 24 | 64.2% | 12.0% | ||
| Q2 24 | 64.9% | 11.9% | ||
| Q1 24 | 63.7% | 9.4% |
| Q4 25 | 41.5% | 4.2% | ||
| Q3 25 | 42.4% | 6.3% | ||
| Q2 25 | 44.7% | 6.7% | ||
| Q1 25 | 42.8% | 4.3% | ||
| Q4 24 | 41.4% | 5.0% | ||
| Q3 24 | 43.4% | 6.0% | ||
| Q2 24 | 41.4% | 5.5% | ||
| Q1 24 | 42.0% | 3.1% |
| Q4 25 | 38.4% | 2.8% | ||
| Q3 25 | 37.0% | 4.3% | ||
| Q2 25 | 40.3% | 4.5% | ||
| Q1 25 | 40.6% | 2.7% | ||
| Q4 24 | 41.5% | 3.1% | ||
| Q3 24 | 41.3% | 3.5% | ||
| Q2 24 | 39.4% | 3.2% | ||
| Q1 24 | 40.6% | 1.3% |
| Q4 25 | $0.74 | $0.94 | ||
| Q3 25 | $0.67 | $1.73 | ||
| Q2 25 | $0.70 | $1.54 | ||
| Q1 25 | $0.64 | $0.81 | ||
| Q4 24 | $-4.17 | $0.98 | ||
| Q3 24 | $2.33 | $1.07 | ||
| Q2 24 | $2.08 | $0.91 | ||
| Q1 24 | $1.99 | $0.35 |
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 | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $12.4B | $1.7B |
| Total Assets | $19.4B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $535.5M | ||
| Q3 25 | $2.3B | $431.4M | ||
| Q2 25 | $2.2B | $390.3M | ||
| Q1 25 | $1.8B | $351.6M | ||
| Q4 24 | $2.8B | $455.8M | ||
| Q3 24 | $3.2B | $352.7M | ||
| Q2 24 | $2.4B | $207.4M | ||
| Q1 24 | $2.1B | $177.6M |
| Q4 25 | — | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | — | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M | ||
| Q1 24 | — | $951.7M |
| Q4 25 | $12.4B | $1.7B | ||
| Q3 25 | $11.9B | $1.6B | ||
| Q2 25 | $10.9B | $1.5B | ||
| Q1 25 | $10.1B | $1.4B | ||
| Q4 24 | $10.0B | $1.4B | ||
| Q3 24 | $9.2B | $1.4B | ||
| Q2 24 | $8.4B | $1.3B | ||
| Q1 24 | $7.9B | $1.2B |
| Q4 25 | $19.4B | $4.4B | ||
| Q3 25 | $18.0B | $4.6B | ||
| Q2 25 | $16.5B | $4.5B | ||
| Q1 25 | $14.5B | $4.2B | ||
| Q4 24 | $14.0B | $4.2B | ||
| Q3 24 | $12.8B | $4.2B | ||
| Q2 24 | $11.6B | $4.0B | ||
| Q1 24 | $10.6B | $4.0B |
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.76× |
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 | $142.9M |
| Free Cash FlowOCF − Capex | — | $121.1M |
| FCF MarginFCF / Revenue | — | 6.5% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 1.32× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $142.9M | ||
| Q3 25 | $1.3B | $182.9M | ||
| Q2 25 | $1.2B | $78.5M | ||
| Q1 25 | $641.7M | $66.2M | ||
| Q4 24 | $1.0B | $298.3M | ||
| Q3 24 | $1.2B | $222.5M | ||
| Q2 24 | $989.0M | $16.1M | ||
| Q1 24 | $513.8M | $-28.5M |
| Q4 25 | — | $121.1M | ||
| Q3 25 | $1.2B | $148.4M | ||
| Q2 25 | $1.2B | $45.3M | ||
| Q1 25 | $613.3M | $25.6M | ||
| Q4 24 | — | $270.0M | ||
| Q3 24 | $1.2B | $158.8M | ||
| Q2 24 | $985.9M | $-8.1M | ||
| Q1 24 | $504.4M | $-38.9M |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 53.6% | 6.8% | ||
| Q2 25 | 53.3% | 2.4% | ||
| Q1 25 | 30.6% | 1.6% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | 64.5% | 9.6% | ||
| Q2 24 | 58.3% | -0.5% | ||
| Q1 24 | 32.1% | -2.8% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 1.4% | 2.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 0.4% | 3.9% | ||
| Q2 24 | 0.2% | 1.5% | ||
| Q1 24 | 0.6% | 0.7% |
| Q4 25 | 1.32× | 2.76× | ||
| Q3 25 | 1.49× | 1.93× | ||
| Q2 25 | 1.35× | 0.93× | ||
| Q1 25 | 0.79× | 1.50× | ||
| Q4 24 | 1.29× | 5.53× | ||
| Q3 24 | 1.57× | 3.81× | ||
| Q2 24 | 1.49× | 0.32× | ||
| Q1 24 | 0.81× | -1.50× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
