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Arista Networks（ANET）与CrowdStrike（CRWD）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CrowdStrike的2.0倍（$2.5B vs $1.2B），Arista Networks净利率更高（38.4% vs -2.8%，领先41.2%），Arista Networks同比增速更快（28.9% vs 22.2%），过去两年Arista Networks的营收复合增速更高（25.8% vs 20.8%）
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。
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
ANET vs CRWD — 直观对比
营收规模更大
ANET
是对方的2.0倍
$1.2B
营收增速更快
ANET
高出6.7%
22.2%
净利率更高
ANET
高出41.2%
-2.8%
两年增速更快
ANET
近两年复合增速
20.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.2B |
| 净利润 | $955.8M | $-34.0M |
| 毛利率 | 62.9% | 75.1% |
| 营业利润率 | 41.5% | -5.6% |
| 净利率 | 38.4% | -2.8% |
| 营收同比 | 28.9% | 22.2% |
| 净利润同比 | 19.3% | -102.1% |
| 每股收益（稀释后） | $0.74 | $-0.14 |
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ANETCRWD
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $1.9B | $1.0B | ||
| Q3 24 | $1.8B | $963.9M | ||
| Q2 24 | $1.7B | $921.0M | ||
| Q1 24 | $1.6B | $845.3M |
净利润ANETCRWD
| Q4 25 | $955.8M | $-34.0M | ||
| Q3 25 | $853.0M | $-77.7M | ||
| Q2 25 | $888.8M | $-110.2M | ||
| Q1 25 | $813.8M | $-92.3M | ||
| Q4 24 | $801.0M | $-16.8M | ||
| Q3 24 | $747.9M | $47.0M | ||
| Q2 24 | $665.4M | $42.8M | ||
| Q1 24 | $637.7M | $53.7M |
毛利率ANETCRWD
| Q4 25 | 62.9% | 75.1% | ||
| Q3 25 | 64.6% | 73.5% | ||
| Q2 25 | 65.2% | 73.8% | ||
| Q1 25 | 63.7% | 74.1% | ||
| Q4 24 | 63.8% | 74.7% | ||
| Q3 24 | 64.2% | 75.4% | ||
| Q2 24 | 64.9% | 75.6% | ||
| Q1 24 | 63.7% | 75.3% |
营业利润率ANETCRWD
| Q4 25 | 41.5% | -5.6% | ||
| Q3 25 | 42.4% | -9.7% | ||
| Q2 25 | 44.7% | -11.3% | ||
| Q1 25 | 42.8% | -8.1% | ||
| Q4 24 | 41.4% | -5.5% | ||
| Q3 24 | 43.4% | 1.4% | ||
| Q2 24 | 41.4% | 0.8% | ||
| Q1 24 | 42.0% | 3.5% |
净利率ANETCRWD
| Q4 25 | 38.4% | -2.8% | ||
| Q3 25 | 37.0% | -6.6% | ||
| Q2 25 | 40.3% | -10.0% | ||
| Q1 25 | 40.6% | -8.7% | ||
| Q4 24 | 41.5% | -1.7% | ||
| Q3 24 | 41.3% | 4.9% | ||
| Q2 24 | 39.4% | 4.6% | ||
| Q1 24 | 40.6% | 6.4% |
每股收益（稀释后）ANETCRWD
| Q4 25 | $0.74 | $-0.14 | ||
| Q3 25 | $0.67 | $-0.31 | ||
| Q2 25 | $0.70 | $-0.44 | ||
| Q1 25 | $0.64 | $-0.37 | ||
| Q4 24 | $-4.17 | $-0.07 | ||
| Q3 24 | $2.33 | $0.19 | ||
| Q2 24 | $2.08 | $0.17 | ||
| Q1 24 | $1.99 | $0.23 |
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 | $4.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $4.0B |
| 总资产 | $19.4B | $10.0B |
| 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ANETCRWD
| Q4 25 | $2.0B | $4.8B | ||
| Q3 25 | $2.3B | $5.0B | ||
| Q2 25 | $2.2B | $4.6B | ||
| Q1 25 | $1.8B | $4.3B | ||
| Q4 24 | $2.8B | $4.3B | ||
| Q3 24 | $3.2B | $4.0B | ||
| Q2 24 | $2.4B | $3.7B | ||
| Q1 24 | $2.1B | $3.5B |
股东权益ANETCRWD
| Q4 25 | $12.4B | $4.0B | ||
| Q3 25 | $11.9B | $3.8B | ||
| Q2 25 | $10.9B | $3.5B | ||
| Q1 25 | $10.1B | $3.3B | ||
| Q4 24 | $10.0B | $3.1B | ||
| Q3 24 | $9.2B | $2.9B | ||
| Q2 24 | $8.4B | $2.5B | ||
| Q1 24 | $7.9B | $2.3B |
总资产ANETCRWD
| Q4 25 | $19.4B | $10.0B | ||
| Q3 25 | $18.0B | $9.3B | ||
| Q2 25 | $16.5B | $8.7B | ||
| Q1 25 | $14.5B | $8.7B | ||
| Q4 24 | $14.0B | $7.8B | ||
| Q3 24 | $12.8B | $7.2B | ||
| Q2 24 | $11.6B | $6.8B | ||
| Q1 24 | $10.6B | $6.6B |
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 | $397.5M |
| 自由现金流经营现金流 - 资本支出 | — | $314.1M |
| 自由现金流率自由现金流/营收 | — | 25.5% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 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 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流ANETCRWD
| Q4 25 | $1.3B | $397.5M | ||
| Q3 25 | $1.3B | $332.8M | ||
| Q2 25 | $1.2B | $384.1M | ||
| Q1 25 | $641.7M | $345.7M | ||
| Q4 24 | $1.0B | $326.1M | ||
| Q3 24 | $1.2B | $326.6M | ||
| Q2 24 | $989.0M | $383.2M | ||
| Q1 24 | $513.8M | $347.0M |
自由现金流ANETCRWD
| Q4 25 | — | $314.1M | ||
| Q3 25 | $1.2B | $302.3M | ||
| Q2 25 | $1.2B | $298.4M | ||
| Q1 25 | $613.3M | $258.5M | ||
| Q4 24 | — | $247.4M | ||
| Q3 24 | $1.2B | $287.4M | ||
| Q2 24 | $985.9M | $333.5M | ||
| Q1 24 | $504.4M | $294.4M |
自由现金流率ANETCRWD
| Q4 25 | — | 25.5% | ||
| Q3 25 | 53.6% | 25.9% | ||
| Q2 25 | 53.3% | 27.0% | ||
| Q1 25 | 30.6% | 24.4% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | 64.5% | 29.8% | ||
| Q2 24 | 58.3% | 36.2% | ||
| Q1 24 | 32.1% | 34.8% |
资本支出强度ANETCRWD
| Q4 25 | — | 6.8% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 1.1% | 7.8% | ||
| Q1 25 | 1.4% | 8.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 0.4% | 4.1% | ||
| Q2 24 | 0.2% | 5.4% | ||
| Q1 24 | 0.6% | 6.2% |
现金转化率ANETCRWD
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | 6.95× | ||
| Q2 24 | 1.49× | 8.95× | ||
| Q1 24 | 0.81× | 6.46× |
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% |
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
