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Side-by-side financial comparison of Arista Networks (ANET) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $2.5B, roughly 1.5× Arista Networks). Arista Networks runs the higher net margin — 38.4% vs 1.4%, a 37.1% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 0.1%). Over the past eight quarters, Arista Networks's revenue compounded faster (25.8% CAGR vs 0.3%).

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...

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

ANET vs SWK — Head-to-Head

Bigger by revenue
SWK
SWK
1.5× larger
SWK
$3.8B
$2.5B
ANET
Growing faster (revenue YoY)
ANET
ANET
+28.7% gap
ANET
28.9%
0.1%
SWK
Higher net margin
ANET
ANET
37.1% more per $
ANET
38.4%
1.4%
SWK
Faster 2-yr revenue CAGR
ANET
ANET
Annualised
ANET
25.8%
0.3%
SWK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ANET
ANET
SWK
SWK
Revenue
$2.5B
$3.8B
Net Profit
$955.8M
$51.4M
Gross Margin
62.9%
31.4%
Operating Margin
41.5%
Net Margin
38.4%
1.4%
Revenue YoY
28.9%
0.1%
Net Profit YoY
19.3%
-43.6%
EPS (diluted)
$0.74
$0.34

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
SWK
SWK
Q4 25
$2.5B
Q3 25
$2.3B
$3.8B
Q2 25
$2.2B
$3.9B
Q1 25
$2.0B
$3.7B
Q4 24
$1.9B
$3.7B
Q3 24
$1.8B
$3.8B
Q2 24
$1.7B
$4.0B
Q1 24
$1.6B
$3.9B
Net Profit
ANET
ANET
SWK
SWK
Q4 25
$955.8M
Q3 25
$853.0M
$51.4M
Q2 25
$888.8M
$101.9M
Q1 25
$813.8M
$90.4M
Q4 24
$801.0M
$194.9M
Q3 24
$747.9M
$91.1M
Q2 24
$665.4M
$-11.2M
Q1 24
$637.7M
$19.5M
Gross Margin
ANET
ANET
SWK
SWK
Q4 25
62.9%
Q3 25
64.6%
31.4%
Q2 25
65.2%
27.0%
Q1 25
63.7%
29.9%
Q4 24
63.8%
30.8%
Q3 24
64.2%
29.9%
Q2 24
64.9%
28.4%
Q1 24
63.7%
28.6%
Operating Margin
ANET
ANET
SWK
SWK
Q4 25
41.5%
Q3 25
42.4%
Q2 25
44.7%
Q1 25
42.8%
Q4 24
41.4%
3.4%
Q3 24
43.4%
10.6%
Q2 24
41.4%
9.5%
Q1 24
42.0%
8.3%
Net Margin
ANET
ANET
SWK
SWK
Q4 25
38.4%
Q3 25
37.0%
1.4%
Q2 25
40.3%
2.6%
Q1 25
40.6%
2.4%
Q4 24
41.5%
5.2%
Q3 24
41.3%
2.4%
Q2 24
39.4%
-0.3%
Q1 24
40.6%
0.5%
EPS (diluted)
ANET
ANET
SWK
SWK
Q4 25
$0.74
Q3 25
$0.67
$0.34
Q2 25
$0.70
$0.67
Q1 25
$0.64
$0.60
Q4 24
$-4.17
$1.29
Q3 24
$2.33
$0.60
Q2 24
$2.08
$-0.07
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
ANET
ANET
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$2.0B
$268.3M
Total DebtLower is stronger
$5.3B
Stockholders' EquityBook value
$12.4B
$9.0B
Total Assets
$19.4B
$21.8B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANET
ANET
SWK
SWK
Q4 25
$2.0B
Q3 25
$2.3B
$268.3M
Q2 25
$2.2B
$311.8M
Q1 25
$1.8B
$344.8M
Q4 24
$2.8B
$290.5M
Q3 24
$3.2B
$298.7M
Q2 24
$2.4B
$318.5M
Q1 24
$2.1B
$476.6M
Total Debt
ANET
ANET
SWK
SWK
Q4 25
Q3 25
$5.3B
Q2 25
$5.6B
Q1 25
$5.6B
Q4 24
$6.1B
Q3 24
$6.1B
Q2 24
$6.1B
Q1 24
$6.1B
Stockholders' Equity
ANET
ANET
SWK
SWK
Q4 25
$12.4B
Q3 25
$11.9B
$9.0B
Q2 25
$10.9B
$9.1B
Q1 25
$10.1B
$8.8B
Q4 24
$10.0B
$8.7B
Q3 24
$9.2B
$8.9B
Q2 24
$8.4B
$8.7B
Q1 24
$7.9B
$8.9B
Total Assets
ANET
ANET
SWK
SWK
Q4 25
$19.4B
Q3 25
$18.0B
$21.8B
Q2 25
$16.5B
$22.5B
Q1 25
$14.5B
$22.5B
Q4 24
$14.0B
$21.8B
Q3 24
$12.8B
$22.5B
Q2 24
$11.6B
$22.5B
Q1 24
$10.6B
$23.9B
Debt / Equity
ANET
ANET
SWK
SWK
Q4 25
Q3 25
0.59×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.70×
Q3 24
0.69×
Q2 24
0.70×
Q1 24
0.69×

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
SWK
SWK
Operating Cash FlowLast quarter
$1.3B
$221.2M
Free Cash FlowOCF − Capex
$155.3M
FCF MarginFCF / Revenue
4.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
1.32×
4.30×
TTM Free Cash FlowTrailing 4 quarters
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANET
ANET
SWK
SWK
Q4 25
$1.3B
Q3 25
$1.3B
$221.2M
Q2 25
$1.2B
$214.3M
Q1 25
$641.7M
$-420.0M
Q4 24
$1.0B
$679.1M
Q3 24
$1.2B
$285.8M
Q2 24
$989.0M
$573.0M
Q1 24
$513.8M
$-431.0M
Free Cash Flow
ANET
ANET
SWK
SWK
Q4 25
Q3 25
$1.2B
$155.3M
Q2 25
$1.2B
$134.7M
Q1 25
$613.3M
$-485.0M
Q4 24
$564.6M
Q3 24
$1.2B
$199.3M
Q2 24
$985.9M
$485.8M
Q1 24
$504.4M
$-496.7M
FCF Margin
ANET
ANET
SWK
SWK
Q4 25
Q3 25
53.6%
4.1%
Q2 25
53.3%
3.4%
Q1 25
30.6%
-13.0%
Q4 24
15.2%
Q3 24
64.5%
5.3%
Q2 24
58.3%
12.1%
Q1 24
32.1%
-12.8%
Capex Intensity
ANET
ANET
SWK
SWK
Q4 25
Q3 25
1.3%
1.8%
Q2 25
1.1%
2.0%
Q1 25
1.4%
1.7%
Q4 24
3.1%
Q3 24
0.4%
2.3%
Q2 24
0.2%
2.2%
Q1 24
0.6%
1.7%
Cash Conversion
ANET
ANET
SWK
SWK
Q4 25
1.32×
Q3 25
1.49×
4.30×
Q2 25
1.35×
2.10×
Q1 25
0.79×
-4.65×
Q4 24
1.29×
3.48×
Q3 24
1.57×
3.14×
Q2 24
1.49×
Q1 24
0.81×
-22.10×

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%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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