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Side-by-side financial comparison of Arista Networks (ANET) and RXO, Inc. (RXO). Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $1.5B, roughly 1.7× RXO, Inc.). Arista Networks runs the higher net margin — 38.4% vs -3.1%, a 41.6% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 25.8%).
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...
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
ANET vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.5B |
| Net Profit | $955.8M | $-46.0M |
| Gross Margin | 62.9% | — |
| Operating Margin | 41.5% | -2.9% |
| Net Margin | 38.4% | -3.1% |
| Revenue YoY | 28.9% | -11.9% |
| Net Profit YoY | 19.3% | -84.0% |
| EPS (diluted) | $0.74 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.7B | $930.0M | ||
| Q1 24 | $1.6B | $913.0M |
| Q4 25 | $955.8M | $-46.0M | ||
| Q3 25 | $853.0M | $-14.0M | ||
| Q2 25 | $888.8M | $-9.0M | ||
| Q1 25 | $813.8M | $-31.0M | ||
| Q4 24 | $801.0M | $-25.0M | ||
| Q3 24 | $747.9M | $-243.0M | ||
| Q2 24 | $665.4M | $-7.0M | ||
| Q1 24 | $637.7M | $-15.0M |
| 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% | — |
| Q4 25 | 41.5% | -2.9% | ||
| Q3 25 | 42.4% | -0.5% | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | 42.8% | -2.1% | ||
| Q4 24 | 41.4% | -1.4% | ||
| Q3 24 | 43.4% | -1.9% | ||
| Q2 24 | 41.4% | — | ||
| Q1 24 | 42.0% | -1.3% |
| Q4 25 | 38.4% | -3.1% | ||
| Q3 25 | 37.0% | -1.0% | ||
| Q2 25 | 40.3% | -0.6% | ||
| Q1 25 | 40.6% | -2.2% | ||
| Q4 24 | 41.5% | -1.5% | ||
| Q3 24 | 41.3% | -23.4% | ||
| Q2 24 | 39.4% | -0.8% | ||
| Q1 24 | 40.6% | -1.6% |
| Q4 25 | $0.74 | $-0.28 | ||
| Q3 25 | $0.67 | $-0.08 | ||
| Q2 25 | $0.70 | $-0.05 | ||
| Q1 25 | $0.64 | $-0.18 | ||
| Q4 24 | $-4.17 | $-0.17 | ||
| Q3 24 | $2.33 | $-1.81 | ||
| Q2 24 | $2.08 | $-0.06 | ||
| Q1 24 | $1.99 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $12.4B | $1.5B |
| Total Assets | $19.4B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $17.0M | ||
| Q3 25 | $2.3B | $25.0M | ||
| Q2 25 | $2.2B | $18.0M | ||
| Q1 25 | $1.8B | $16.0M | ||
| Q4 24 | $2.8B | $35.0M | ||
| Q3 24 | $3.2B | $55.0M | ||
| Q2 24 | $2.4B | $7.0M | ||
| Q1 24 | $2.1B | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $12.4B | $1.5B | ||
| Q3 25 | $11.9B | $1.6B | ||
| Q2 25 | $10.9B | $1.6B | ||
| Q1 25 | $10.1B | $1.6B | ||
| Q4 24 | $10.0B | $1.6B | ||
| Q3 24 | $9.2B | $1.7B | ||
| Q2 24 | $8.4B | $579.0M | ||
| Q1 24 | $7.9B | $582.0M |
| Q4 25 | $19.4B | $3.3B | ||
| Q3 25 | $18.0B | $3.2B | ||
| Q2 25 | $16.5B | $3.2B | ||
| Q1 25 | $14.5B | $3.3B | ||
| Q4 24 | $14.0B | $3.4B | ||
| Q3 24 | $12.8B | $3.4B | ||
| Q2 24 | $11.6B | $1.8B | ||
| Q1 24 | $10.6B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 1.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $7.0M | ||
| Q3 25 | $1.3B | $23.0M | ||
| Q2 25 | $1.2B | $23.0M | ||
| Q1 25 | $641.7M | $-2.0M | ||
| Q4 24 | $1.0B | $-7.0M | ||
| Q3 24 | $1.2B | $-7.0M | ||
| Q2 24 | $989.0M | $-5.0M | ||
| Q1 24 | $513.8M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | $1.2B | $9.0M | ||
| Q2 25 | $1.2B | $9.0M | ||
| Q1 25 | $613.3M | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | $1.2B | $-18.0M | ||
| Q2 24 | $985.9M | $-16.0M | ||
| Q1 24 | $504.4M | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | 53.6% | 0.6% | ||
| Q2 25 | 53.3% | 0.6% | ||
| Q1 25 | 30.6% | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | 64.5% | -1.7% | ||
| Q2 24 | 58.3% | -1.7% | ||
| Q1 24 | 32.1% | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.4% | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.6% | 1.2% |
| 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
| Products | $2.1B | 84% |
| Services | $392.1M | 16% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
