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Side-by-side financial comparison of Arista Networks (ANET) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $2.2B, roughly 1.1× RENAISSANCERE HOLDINGS LTD). Arista Networks runs the higher net margin — 38.4% vs 23.5%, a 14.9% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs -36.8%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs -11.9%).
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...
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
ANET vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.2B |
| Net Profit | $955.8M | $515.8M |
| Gross Margin | 62.9% | — |
| Operating Margin | 41.5% | — |
| Net Margin | 38.4% | 23.5% |
| Revenue YoY | 28.9% | -36.8% |
| Net Profit YoY | 19.3% | 72.6% |
| EPS (diluted) | $0.74 | $6.57 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.5B | $3.0B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.0B | $3.5B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.8B | $4.0B | ||
| Q2 24 | $1.7B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $955.8M | $760.5M | ||
| Q3 25 | $853.0M | $916.5M | ||
| Q2 25 | $888.8M | $835.4M | ||
| Q1 25 | $813.8M | $170.0M | ||
| Q4 24 | $801.0M | $-189.7M | ||
| Q3 24 | $747.9M | $1.2B | ||
| Q2 24 | $665.4M | $503.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 41.5% | 42.5% | ||
| Q3 25 | 42.4% | 46.3% | ||
| Q2 25 | 44.7% | 41.8% | ||
| Q1 25 | 42.8% | -2.0% | ||
| Q4 24 | 41.4% | -3.6% | ||
| Q3 24 | 43.4% | 43.7% | ||
| Q2 24 | 41.4% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 38.4% | 25.6% | ||
| Q3 25 | 37.0% | 28.7% | ||
| Q2 25 | 40.3% | 26.1% | ||
| Q1 25 | 40.6% | 4.9% | ||
| Q4 24 | 41.5% | -8.3% | ||
| Q3 24 | 41.3% | 29.8% | ||
| Q2 24 | 39.4% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.74 | $16.16 | ||
| Q3 25 | $0.67 | $19.40 | ||
| Q2 25 | $0.70 | $17.20 | ||
| Q1 25 | $0.64 | $3.27 | ||
| Q4 24 | $-4.17 | $-3.76 | ||
| Q3 24 | $2.33 | $22.62 | ||
| Q2 24 | $2.08 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $12.4B | $4.3B |
| Total Assets | $19.4B | $53.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.3B | $1.7B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $3.2B | $1.6B | ||
| Q2 24 | $2.4B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $12.4B | $11.6B | ||
| Q3 25 | $11.9B | $11.5B | ||
| Q2 25 | $10.9B | $10.8B | ||
| Q1 25 | $10.1B | $10.3B | ||
| Q4 24 | $10.0B | $10.6B | ||
| Q3 24 | $9.2B | $11.2B | ||
| Q2 24 | $8.4B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $19.4B | $53.8B | ||
| Q3 25 | $18.0B | $54.5B | ||
| Q2 25 | $16.5B | $54.7B | ||
| Q1 25 | $14.5B | $53.6B | ||
| Q4 24 | $14.0B | $50.7B | ||
| Q3 24 | $12.8B | $52.8B | ||
| Q2 24 | $11.6B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $483.0M | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $641.7M | $157.8M | ||
| Q4 24 | $1.0B | $778.9M | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $989.0M | $1.2B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.32× | 0.64× | ||
| Q3 25 | 1.49× | 1.73× | ||
| Q2 25 | 1.35× | 1.76× | ||
| Q1 25 | 0.79× | 0.93× | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | 1.26× | ||
| Q2 24 | 1.49× | 2.41× |
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% |
RNR
Segment breakdown not available.
