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Arista Networks（ANET）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
Arista Networks的季度营收约是芝商所的1.3倍（$2.5B vs $1.9B），Arista Networks净利率更高（38.4% vs 0.1%，领先38.4%），Arista Networks同比增速更快（28.9% vs 14.5%），过去两年Arista Networks的营收复合增速更高（25.8% vs 10.8%）
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。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
ANET vs CME — 直观对比
营收规模更大
ANET
是对方的1.3倍
$1.9B
营收增速更快
ANET
高出14.4%
14.5%
净利率更高
ANET
高出38.4%
0.1%
两年增速更快
ANET
近两年复合增速
10.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.9B |
| 净利润 | $955.8M | $1.2M |
| 毛利率 | 62.9% | — |
| 营业利润率 | 41.5% | 0.1% |
| 净利率 | 38.4% | 0.1% |
| 营收同比 | 28.9% | 14.5% |
| 净利润同比 | 19.3% | 20.7% |
| 每股收益（稀释后） | $0.74 | — |
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ANETCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.7B | $1.5B |
净利润ANETCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $955.8M | $1.2B | ||
| Q3 25 | $853.0M | $908.0M | ||
| Q2 25 | $888.8M | $1.0B | ||
| Q1 25 | $813.8M | $956.2M | ||
| Q4 24 | $801.0M | $874.6M | ||
| Q3 24 | $747.9M | $912.8M | ||
| Q2 24 | $665.4M | $883.2M |
毛利率ANETCME
| 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% | — |
营业利润率ANETCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 41.5% | 61.8% | ||
| Q3 25 | 42.4% | 63.3% | ||
| Q2 25 | 44.7% | 66.7% | ||
| Q1 25 | 42.8% | 67.5% | ||
| Q4 24 | 41.4% | 62.1% | ||
| Q3 24 | 43.4% | 64.6% | ||
| Q2 24 | 41.4% | 65.3% |
净利率ANETCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 38.4% | 71.7% | ||
| Q3 25 | 37.0% | 59.1% | ||
| Q2 25 | 40.3% | 60.6% | ||
| Q1 25 | 40.6% | 58.2% | ||
| Q4 24 | 41.5% | 57.3% | ||
| Q3 24 | 41.3% | 57.6% | ||
| Q2 24 | 39.4% | 57.6% |
每股收益（稀释后）ANETCME
| Q1 26 | — | — | ||
| Q4 25 | $0.74 | $3.24 | ||
| Q3 25 | $0.67 | $2.49 | ||
| Q2 25 | $0.70 | $2.81 | ||
| Q1 25 | $0.64 | $2.62 | ||
| Q4 24 | $-4.17 | $2.40 | ||
| Q3 24 | $2.33 | $2.50 | ||
| Q2 24 | $2.08 | $2.42 |
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 | $2.4B |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | $12.4B | — |
| 总资产 | $19.4B | $202.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ANETCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.0B | $4.5B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $2.8B | $3.0B | ||
| Q3 24 | $3.2B | $2.4B | ||
| Q2 24 | $2.4B | $1.9B |
总债务ANETCME
| Q1 26 | — | $3.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ANETCME
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | $28.7B | ||
| Q3 25 | $11.9B | $28.2B | ||
| Q2 25 | $10.9B | $27.7B | ||
| Q1 25 | $10.1B | $27.0B | ||
| Q4 24 | $10.0B | $26.5B | ||
| Q3 24 | $9.2B | $28.2B | ||
| Q2 24 | $8.4B | $27.6B |
总资产ANETCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $19.4B | $198.4B | ||
| Q3 25 | $18.0B | $187.1B | ||
| Q2 25 | $16.5B | $179.9B | ||
| Q1 25 | $14.5B | $157.8B | ||
| Q4 24 | $14.0B | $137.4B | ||
| Q3 24 | $12.8B | $137.8B | ||
| Q2 24 | $11.6B | $123.4B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.32× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ANETCME
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $968.1M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $641.7M | $1.1B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $989.0M | $776.9M |
自由现金流ANETCME
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.2B | $949.7M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $613.3M | $1.1B | ||
| Q4 24 | — | $991.7M | ||
| Q3 24 | $1.2B | $973.2M | ||
| Q2 24 | $985.9M | $758.7M |
自由现金流率ANETCME
| Q1 26 | — | — | ||
| Q4 25 | — | 66.8% | ||
| Q3 25 | 53.6% | 61.8% | ||
| Q2 25 | 53.3% | 61.5% | ||
| Q1 25 | 30.6% | 67.1% | ||
| Q4 24 | — | 65.0% | ||
| Q3 24 | 64.5% | 61.4% | ||
| Q2 24 | 58.3% | 49.5% |
资本支出强度ANETCME
| Q1 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.3% | 1.2% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 1.4% | 0.9% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 0.2% | 1.2% |
现金转化率ANETCME
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 0.96× | ||
| Q3 25 | 1.49× | 1.07× | ||
| Q2 25 | 1.35× | 1.03× | ||
| Q1 25 | 0.79× | 1.17× | ||
| Q4 24 | 1.29× | 1.16× | ||
| Q3 24 | 1.57× | 1.10× | ||
| Q2 24 | 1.49× | 0.88× |
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% |
CME
暂无分部数据
