vs
Arista Networks（ANET）与波尔公司（BALL）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是Arista Networks的1.3倍（$3.3B vs $2.5B），Arista Networks净利率更高（38.4% vs 6.0%，领先32.4%），Arista Networks同比增速更快（28.9% vs 16.2%），过去两年Arista Networks的营收复合增速更高（25.8% vs 7.9%）
Arista Networks是总部位于美国加利福尼亚州圣克拉拉的计算机网络企业，专注于设计销售多层网络交换机，为大型数据中心、云计算、高性能计算、高频交易等场景提供软件定义网络（SDN）解决方案，旗下拥有10G至800G系列低延迟直通以太网交换机，搭载自研基于Linux的可扩展操作系统EOS。
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
ANET vs BALL — 直观对比
营收规模更大
BALL
是对方的1.3倍
$2.5B
营收增速更快
ANET
高出12.7%
16.2%
净利率更高
ANET
高出32.4%
6.0%
两年增速更快
ANET
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $3.3B |
| 净利润 | $955.8M | $200.0M |
| 毛利率 | 62.9% | — |
| 营业利润率 | 41.5% | 7.2% |
| 净利率 | 38.4% | 6.0% |
| 营收同比 | 28.9% | 16.2% |
| 净利润同比 | 19.3% | 766.7% |
| 每股收益（稀释后） | $0.74 | $0.73 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ANETBALL
| Q4 25 | $2.5B | $3.3B | ||
| Q3 25 | $2.3B | $3.4B | ||
| Q2 25 | $2.2B | $3.3B | ||
| Q1 25 | $2.0B | $3.1B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.7B | $3.0B | ||
| Q1 24 | $1.6B | $2.9B |
净利润ANETBALL
| Q4 25 | $955.8M | $200.0M | ||
| Q3 25 | $853.0M | $321.0M | ||
| Q2 25 | $888.8M | $215.0M | ||
| Q1 25 | $813.8M | $179.0M | ||
| Q4 24 | $801.0M | $-30.0M | ||
| Q3 24 | $747.9M | $199.0M | ||
| Q2 24 | $665.4M | $159.0M | ||
| Q1 24 | $637.7M | $3.7B |
毛利率ANETBALL
| Q4 25 | 62.9% | — | ||
| Q3 25 | 64.6% | — | ||
| Q2 25 | 65.2% | — | ||
| Q1 25 | 63.7% | — | ||
| Q4 24 | 63.8% | — | ||
| Q3 24 | 64.2% | 17.7% | ||
| Q2 24 | 64.9% | 16.5% | ||
| Q1 24 | 63.7% | 16.6% |
营业利润率ANETBALL
| Q4 25 | 41.5% | 7.2% | ||
| Q3 25 | 42.4% | 11.6% | ||
| Q2 25 | 44.7% | 8.0% | ||
| Q1 25 | 42.8% | 7.4% | ||
| Q4 24 | 41.4% | 0.2% | ||
| Q3 24 | 43.4% | 7.4% | ||
| Q2 24 | 41.4% | 6.8% | ||
| Q1 24 | 42.0% | 6.8% |
净利率ANETBALL
| Q4 25 | 38.4% | 6.0% | ||
| Q3 25 | 37.0% | 9.5% | ||
| Q2 25 | 40.3% | 6.4% | ||
| Q1 25 | 40.6% | 5.8% | ||
| Q4 24 | 41.5% | -1.0% | ||
| Q3 24 | 41.3% | 6.5% | ||
| Q2 24 | 39.4% | 5.4% | ||
| Q1 24 | 40.6% | 128.3% |
每股收益（稀释后）ANETBALL
| Q4 25 | $0.74 | $0.73 | ||
| Q3 25 | $0.67 | $1.18 | ||
| Q2 25 | $0.70 | $0.76 | ||
| Q1 25 | $0.64 | $0.63 | ||
| Q4 24 | $-4.17 | $0.23 | ||
| Q3 24 | $2.33 | $0.65 | ||
| Q2 24 | $2.08 | $0.51 | ||
| Q1 24 | $1.99 | $11.61 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.0B | $1.2B |
| 总债务越低越好 | — | $7.0B |
| 股东权益账面价值 | $12.4B | $5.4B |
| 总资产 | $19.4B | $19.5B |
| 负债/权益比越低杠杆越低 | — | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资ANETBALL
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.3B | $568.0M | ||
| Q2 25 | $2.2B | $296.0M | ||
| Q1 25 | $1.8B | $449.0M | ||
| Q4 24 | $2.8B | $885.0M | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.1B | $1.7B |
总债务ANETBALL
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $6.9B | ||
| Q2 25 | — | $6.5B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $5.5B |
股东权益ANETBALL
| Q4 25 | $12.4B | $5.4B | ||
| Q3 25 | $11.9B | $5.4B | ||
| Q2 25 | $10.9B | $5.2B | ||
| Q1 25 | $10.1B | $5.5B | ||
| Q4 24 | $10.0B | $5.9B | ||
| Q3 24 | $9.2B | $6.7B | ||
| Q2 24 | $8.4B | $6.9B | ||
| Q1 24 | $7.9B | $7.3B |
总资产ANETBALL
| Q4 25 | $19.4B | $19.5B | ||
| Q3 25 | $18.0B | $18.7B | ||
| Q2 25 | $16.5B | $18.6B | ||
| Q1 25 | $14.5B | $18.0B | ||
| Q4 24 | $14.0B | $17.6B | ||
| Q3 24 | $12.8B | $18.8B | ||
| Q2 24 | $11.6B | $19.0B | ||
| Q1 24 | $10.6B | $19.9B |
负债/权益比ANETBALL
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | — | 0.76× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.3B | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 31.1% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | 1.32× | 6.05× |
| 过去12个月自由现金流最近4个季度 | — | $788.0M |
8季度趋势，按日历期对齐
经营现金流ANETBALL
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $384.0M | ||
| Q2 25 | $1.2B | $332.0M | ||
| Q1 25 | $641.7M | $-665.0M | ||
| Q4 24 | $1.0B | $500.0M | ||
| Q3 24 | $1.2B | $610.0M | ||
| Q2 24 | $989.0M | $252.0M | ||
| Q1 24 | $513.8M | $-1.2B |
自由现金流ANETBALL
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.2B | $257.0M | ||
| Q2 25 | $1.2B | $236.0M | ||
| Q1 25 | $613.3M | $-746.0M | ||
| Q4 24 | — | $393.0M | ||
| Q3 24 | $1.2B | $493.0M | ||
| Q2 24 | $985.9M | $146.0M | ||
| Q1 24 | $504.4M | $-1.4B |
自由现金流率ANETBALL
| Q4 25 | — | 31.1% | ||
| Q3 25 | 53.6% | 7.6% | ||
| Q2 25 | 53.3% | 7.1% | ||
| Q1 25 | 30.6% | -24.1% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 64.5% | 16.0% | ||
| Q2 24 | 58.3% | 4.9% | ||
| Q1 24 | 32.1% | -48.7% |
资本支出强度ANETBALL
| Q4 25 | — | 5.1% | ||
| Q3 25 | 1.3% | 3.8% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 1.4% | 2.6% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 0.2% | 3.6% | ||
| Q1 24 | 0.6% | 5.4% |
现金转化率ANETBALL
| Q4 25 | 1.32× | 6.05× | ||
| Q3 25 | 1.49× | 1.20× | ||
| Q2 25 | 1.35× | 1.54× | ||
| Q1 25 | 0.79× | -3.72× | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | 3.07× | ||
| Q2 24 | 1.49× | 1.58× | ||
| Q1 24 | 0.81× | -0.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ANET
| Products | $2.1B | 84% |
| Services | $392.1M | 16% |
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
