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Arista Networks（ANET）与CNH Industrial N.V.（CNH）财务数据对比。点击上方公司名可切换其他公司
CNH Industrial N.V.的季度营收约是Arista Networks的1.8倍（$4.5B vs $2.5B），Arista Networks净利率更高（38.4% vs 1.9%，领先36.5%），Arista Networks同比增速更快（28.9% vs 7.8%），过去两年Arista Networks的营收复合增速更高（25.8% vs 3.8%）
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。
CNH Industrial是意美跨国企业，全球总部位于英国巴西尔登，由跨国投资公司Exor控股，实际控制方为阿涅利家族。公司核心业务涵盖农业机械、工程设备的设计、生产及销售，覆盖全球所有主要市场，目前正重点拓展高增长市场的业务布局。
ANET vs CNH — 直观对比
营收规模更大
CNH
是对方的1.8倍
$2.5B
营收增速更快
ANET
高出21.1%
7.8%
净利率更高
ANET
高出36.5%
1.9%
两年增速更快
ANET
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $4.5B |
| 净利润 | $955.8M | $86.0M |
| 毛利率 | 62.9% | 18.4% |
| 营业利润率 | 41.5% | 3.0% |
| 净利率 | 38.4% | 1.9% |
| 营收同比 | 28.9% | 7.8% |
| 净利润同比 | 19.3% | -18.9% |
| 每股收益（稀释后） | $0.74 | $0.08 |
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ANETCNH
| Q4 25 | $2.5B | $4.5B | ||
| Q3 25 | $2.3B | $3.7B | ||
| Q2 25 | $2.2B | $4.0B | ||
| Q1 25 | $2.0B | $3.2B | ||
| Q4 24 | $1.9B | $4.1B | ||
| Q3 24 | $1.8B | $4.0B | ||
| Q2 24 | $1.7B | $4.8B | ||
| Q1 24 | $1.6B | $4.1B |
净利润ANETCNH
| Q4 25 | $955.8M | $86.0M | ||
| Q3 25 | $853.0M | $80.0M | ||
| Q2 25 | $888.8M | $213.0M | ||
| Q1 25 | $813.8M | $131.0M | ||
| Q4 24 | $801.0M | $106.0M | ||
| Q3 24 | $747.9M | $306.0M | ||
| Q2 24 | $665.4M | $433.0M | ||
| Q1 24 | $637.7M | $401.0M |
毛利率ANETCNH
| Q4 25 | 62.9% | 18.4% | ||
| Q3 25 | 64.6% | 19.1% | ||
| Q2 25 | 65.2% | 20.6% | ||
| Q1 25 | 63.7% | 19.0% | ||
| Q4 24 | 63.8% | 19.5% | ||
| Q3 24 | 64.2% | 21.7% | ||
| Q2 24 | 64.9% | 22.9% | ||
| Q1 24 | 63.7% | 22.7% |
营业利润率ANETCNH
| Q4 25 | 41.5% | 3.0% | ||
| Q3 25 | 42.4% | 1.4% | ||
| Q2 25 | 44.7% | 6.8% | ||
| Q1 25 | 42.8% | 5.1% | ||
| Q4 24 | 41.4% | 5.8% | ||
| Q3 24 | 43.4% | 9.6% | ||
| Q2 24 | 41.4% | 11.1% | ||
| Q1 24 | 42.0% | 11.6% |
净利率ANETCNH
| Q4 25 | 38.4% | 1.9% | ||
| Q3 25 | 37.0% | 2.2% | ||
| Q2 25 | 40.3% | 5.3% | ||
| Q1 25 | 40.6% | 4.1% | ||
| Q4 24 | 41.5% | 2.6% | ||
| Q3 24 | 41.3% | 7.7% | ||
| Q2 24 | 39.4% | 9.0% | ||
| Q1 24 | 40.6% | 9.7% |
每股收益（稀释后）ANETCNH
| Q4 25 | $0.74 | $0.08 | ||
| Q3 25 | $0.67 | $0.06 | ||
| Q2 25 | $0.70 | $0.17 | ||
| Q1 25 | $0.64 | $0.10 | ||
| Q4 24 | $-4.17 | $0.10 | ||
| Q3 24 | $2.33 | $0.24 | ||
| Q2 24 | $2.08 | $0.34 | ||
| Q1 24 | $1.99 | $0.31 |
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 | $2.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $7.8B |
| 总资产 | $19.4B | $42.7B |
| 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ANETCNH
| Q4 25 | $2.0B | $2.6B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | $2.8B | $3.2B | ||
| Q3 24 | $3.2B | $1.8B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.1B | $3.2B |
股东权益ANETCNH
| Q4 25 | $12.4B | $7.8B | ||
| Q3 25 | $11.9B | $7.8B | ||
| Q2 25 | $10.9B | $7.8B | ||
| Q1 25 | $10.1B | $7.9B | ||
| Q4 24 | $10.0B | $7.7B | ||
| Q3 24 | $9.2B | $7.7B | ||
| Q2 24 | $8.4B | $7.6B | ||
| Q1 24 | $7.9B | $8.0B |
总资产ANETCNH
| Q4 25 | $19.4B | $42.7B | ||
| Q3 25 | $18.0B | $43.3B | ||
| Q2 25 | $16.5B | $43.7B | ||
| Q1 25 | $14.5B | $42.1B | ||
| Q4 24 | $14.0B | $42.9B | ||
| Q3 24 | $12.8B | $44.0B | ||
| Q2 24 | $11.6B | $44.0B | ||
| Q1 24 | $10.6B | $45.7B |
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 | $945.0M |
| 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× | 10.99× |
| 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ANETCNH
| Q4 25 | $1.3B | $945.0M | ||
| Q3 25 | $1.3B | $659.0M | ||
| Q2 25 | $1.2B | $772.0M | ||
| Q1 25 | $641.7M | $162.0M | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.2B | $791.0M | ||
| Q2 24 | $989.0M | $379.0M | ||
| Q1 24 | $513.8M | $-894.0M |
自由现金流ANETCNH
| Q4 25 | — | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $613.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $985.9M | — | ||
| Q1 24 | $504.4M | — |
自由现金流率ANETCNH
| Q4 25 | — | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 53.3% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 64.5% | — | ||
| Q2 24 | 58.3% | — | ||
| Q1 24 | 32.1% | — |
资本支出强度ANETCNH
| Q4 25 | — | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.6% | — |
现金转化率ANETCNH
| Q4 25 | 1.32× | 10.99× | ||
| Q3 25 | 1.49× | 8.24× | ||
| Q2 25 | 1.35× | 3.62× | ||
| Q1 25 | 0.79× | 1.24× | ||
| Q4 24 | 1.29× | 15.96× | ||
| Q3 24 | 1.57× | 2.58× | ||
| Q2 24 | 1.49× | 0.88× | ||
| Q1 24 | 0.81× | -2.23× |
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% |
CNH
| Agricultural Equipment Segment | $3.6B | 81% |
| Construction Equipment Segment | $853.0M | 19% |
| Services | $18.0M | 0% |
