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Side-by-side financial comparison of Arista Networks (ANET) and QVC INC (QVCD). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $2.4B, roughly 1.0× QVC INC). Arista Networks runs the higher net margin — 38.4% vs 1.5%, a 36.9% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs -8.9%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 7.1%).
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...
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
ANET vs QVCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.4B |
| Net Profit | $955.8M | $37.0M |
| Gross Margin | 62.9% | 32.5% |
| Operating Margin | 41.5% | 5.6% |
| Net Margin | 38.4% | 1.5% |
| Revenue YoY | 28.9% | -8.9% |
| Net Profit YoY | 19.3% | 103.0% |
| 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.
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $1.9B | $2.7B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.6B | $2.1B |
| Q4 25 | $955.8M | $37.0M | ||
| Q3 25 | $853.0M | $2.0M | ||
| Q2 25 | $888.8M | $-2.2B | ||
| Q1 25 | $813.8M | $-42.0M | ||
| Q4 24 | $801.0M | $-1.2B | ||
| Q3 24 | $747.9M | $51.0M | ||
| Q2 24 | $665.4M | $53.0M | ||
| Q1 24 | $637.7M | $51.0M |
| Q4 25 | 62.9% | 32.5% | ||
| Q3 25 | 64.6% | 33.6% | ||
| Q2 25 | 65.2% | 35.4% | ||
| Q1 25 | 63.7% | 33.3% | ||
| Q4 24 | 63.8% | 32.6% | ||
| Q3 24 | 64.2% | 34.7% | ||
| Q2 24 | 64.9% | 35.6% | ||
| Q1 24 | 63.7% | 35.0% |
| Q4 25 | 41.5% | 5.6% | ||
| Q3 25 | 42.4% | 4.6% | ||
| Q2 25 | 44.7% | -114.5% | ||
| Q1 25 | 42.8% | 1.5% | ||
| Q4 24 | 41.4% | -47.1% | ||
| Q3 24 | 43.4% | 7.8% | ||
| Q2 24 | 41.4% | 7.6% | ||
| Q1 24 | 42.0% | 7.4% |
| Q4 25 | 38.4% | 1.5% | ||
| Q3 25 | 37.0% | 0.1% | ||
| Q2 25 | 40.3% | -109.1% | ||
| Q1 25 | 40.6% | -2.2% | ||
| Q4 24 | 41.5% | -46.0% | ||
| Q3 24 | 41.3% | 2.4% | ||
| Q2 24 | 39.4% | 2.5% | ||
| Q1 24 | 40.6% | 2.4% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.0B | $1.5B |
| Total DebtLower is stronger | — | $1.0M |
| Stockholders' EquityBook value | $12.4B | $1.2B |
| Total Assets | $19.4B | $8.5B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $2.8B | $297.0M | ||
| Q3 24 | $3.2B | $297.0M | ||
| Q2 24 | $2.4B | $315.0M | ||
| Q1 24 | $2.1B | $311.0M |
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $12.4B | $1.2B | ||
| Q3 25 | $11.9B | $1.2B | ||
| Q2 25 | $10.9B | $1.2B | ||
| Q1 25 | $10.1B | $3.3B | ||
| Q4 24 | $10.0B | $3.3B | ||
| Q3 24 | $9.2B | $4.6B | ||
| Q2 24 | $8.4B | $4.3B | ||
| Q1 24 | $7.9B | $4.2B |
| Q4 25 | $19.4B | $8.5B | ||
| Q3 25 | $18.0B | $8.3B | ||
| Q2 25 | $16.5B | $7.4B | ||
| Q1 25 | $14.5B | $9.7B | ||
| Q4 24 | $14.0B | $9.9B | ||
| Q3 24 | $12.8B | $9.9B | ||
| Q2 24 | $11.6B | $11.2B | ||
| Q1 24 | $10.6B | $11.4B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $245.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.32× | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $245.0M | ||
| Q3 25 | $1.3B | $76.0M | ||
| Q2 25 | $1.2B | $52.0M | ||
| Q1 25 | $641.7M | $46.0M | ||
| Q4 24 | $1.0B | $189.0M | ||
| Q3 24 | $1.2B | $98.0M | ||
| Q2 24 | $989.0M | $164.0M | ||
| Q1 24 | $513.8M | $84.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.32× | 6.62× | ||
| Q3 25 | 1.49× | 38.00× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | 1.92× | ||
| Q2 24 | 1.49× | 3.09× | ||
| Q1 24 | 0.81× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
