vs
Side-by-side financial comparison of Arista Networks (ANET) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $2.5B, roughly 1.0× Arista Networks). Arista Networks runs the higher net margin — 38.4% vs 22.4%, a 16.0% gap on every dollar of revenue. On growth, Arista Networks posted the faster year-over-year revenue change (28.9% vs 14.0%). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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...
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
ANET vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.5B |
| Net Profit | $955.8M | $561.3M |
| Gross Margin | 62.9% | 75.5% |
| Operating Margin | 41.5% | 28.6% |
| Net Margin | 38.4% | 22.4% |
| Revenue YoY | 28.9% | 14.0% |
| Net Profit YoY | 19.3% | 80.8% |
| EPS (diluted) | $0.74 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $2.3B | $1.7B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.5B |
| Q4 25 | $955.8M | $561.3M | ||
| Q3 25 | $853.0M | $274.8M | ||
| Q2 25 | $888.8M | $-517.1M | ||
| Q1 25 | $813.8M | $203.3M | ||
| Q4 24 | $801.0M | $310.4M | ||
| Q3 24 | $747.9M | $186.6M | ||
| Q2 24 | $665.4M | $159.3M | ||
| Q1 24 | $637.7M | $139.4M |
| Q4 25 | 62.9% | 75.5% | ||
| Q3 25 | 64.6% | 76.3% | ||
| Q2 25 | 65.2% | 76.3% | ||
| Q1 25 | 63.7% | 76.1% | ||
| Q4 24 | 63.8% | 74.4% | ||
| Q3 24 | 64.2% | 75.3% | ||
| Q2 24 | 64.9% | 74.9% | ||
| Q1 24 | 63.7% | 74.7% |
| Q4 25 | 41.5% | 28.6% | ||
| Q3 25 | 42.4% | 19.3% | ||
| Q2 25 | 44.7% | -33.9% | ||
| Q1 25 | 42.8% | 16.0% | ||
| Q4 24 | 41.4% | 22.4% | ||
| Q3 24 | 43.4% | 16.7% | ||
| Q2 24 | 41.4% | 14.8% | ||
| Q1 24 | 42.0% | 13.8% |
| Q4 25 | 38.4% | 22.4% | ||
| Q3 25 | 37.0% | 16.1% | ||
| Q2 25 | 40.3% | -30.0% | ||
| Q1 25 | 40.6% | 12.8% | ||
| Q4 24 | 41.5% | 14.1% | ||
| Q3 24 | 41.3% | 12.4% | ||
| Q2 24 | 39.4% | 10.0% | ||
| Q1 24 | 40.6% | 9.4% |
| Q4 25 | $0.74 | $2.68 | ||
| Q3 25 | $0.67 | $1.28 | ||
| Q2 25 | $0.70 | $-2.30 | ||
| Q1 25 | $0.64 | $0.95 | ||
| Q4 24 | $-4.17 | $1.38 | ||
| Q3 24 | $2.33 | $0.79 | ||
| Q2 24 | $2.08 | $0.67 | ||
| Q1 24 | $1.99 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $12.4B | $551.2M |
| Total Assets | $19.4B | $6.5B |
| Debt / EquityLower = less leverage | — | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.3B | $743.2M | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $2.8B | $1.0B | ||
| Q3 24 | $3.2B | $7.3B | ||
| Q2 24 | $2.4B | $7.2B | ||
| Q1 24 | $2.1B | $7.4B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
| Q4 25 | $12.4B | $551.2M | ||
| Q3 25 | $11.9B | $399.5M | ||
| Q2 25 | $10.9B | $857.8M | ||
| Q1 25 | $10.1B | $1.5B | ||
| Q4 24 | $10.0B | $1.3B | ||
| Q3 24 | $9.2B | $3.0B | ||
| Q2 24 | $8.4B | $2.9B | ||
| Q1 24 | $7.9B | $2.8B |
| Q4 25 | $19.4B | $6.5B | ||
| Q3 25 | $18.0B | $6.4B | ||
| Q2 25 | $16.5B | $6.6B | ||
| Q1 25 | $14.5B | $7.3B | ||
| Q4 24 | $14.0B | $7.3B | ||
| Q3 24 | $12.8B | $13.7B | ||
| Q2 24 | $11.6B | $13.4B | ||
| Q1 24 | $10.6B | $13.7B |
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | $1.0B |
| FCF MarginFCF / Revenue | — | 41.5% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 1.32× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $112.6M | ||
| Q2 25 | $1.2B | $446.8M | ||
| Q1 25 | $641.7M | $144.3M | ||
| Q4 24 | $1.0B | $506.0M | ||
| Q3 24 | $1.2B | $119.5M | ||
| Q2 24 | $989.0M | $256.0M | ||
| Q1 24 | $513.8M | $97.8M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.2B | $80.2M | ||
| Q2 25 | $1.2B | $411.5M | ||
| Q1 25 | $613.3M | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | $1.2B | $93.9M | ||
| Q2 24 | $985.9M | $209.8M | ||
| Q1 24 | $504.4M | $78.8M |
| Q4 25 | — | 41.5% | ||
| Q3 25 | 53.6% | 4.7% | ||
| Q2 25 | 53.3% | 23.9% | ||
| Q1 25 | 30.6% | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 64.5% | 6.2% | ||
| Q2 24 | 58.3% | 13.2% | ||
| Q1 24 | 32.1% | 5.3% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | 1.3% | 1.9% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 1.4% | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.2% | 2.9% | ||
| Q1 24 | 0.6% | 1.3% |
| Q4 25 | 1.32× | 1.93× | ||
| Q3 25 | 1.49× | 0.41× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 0.79× | 0.71× | ||
| Q4 24 | 1.29× | 1.63× | ||
| Q3 24 | 1.57× | 0.64× | ||
| Q2 24 | 1.49× | 1.61× | ||
| Q1 24 | 0.81× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
