vs
Arista Networks（ANET）与Datadog（DDOG）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Datadog的2.6倍（$2.5B vs $953.2M），Arista Networks净利率更高（38.4% vs 4.9%，领先33.5%），Datadog同比增速更快（29.2% vs 28.9%），过去两年Arista Networks的营收复合增速更高（25.8% vs 24.9%）
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。
Datadog是一家美国企业，为云级应用提供可观测性服务，旗下SaaS数据分析平台可实现对服务器、数据库、各类工具及服务的统一监控。公司成立并总部位于纽约，目前在纳斯达克证券交易所公开上市。
ANET vs DDOG — 直观对比
营收规模更大
ANET
是对方的2.6倍
$953.2M
营收增速更快
DDOG
高出0.3%
28.9%
净利率更高
ANET
高出33.5%
4.9%
两年增速更快
ANET
近两年复合增速
24.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $953.2M |
| 净利润 | $955.8M | $46.6M |
| 毛利率 | 62.9% | 80.4% |
| 营业利润率 | 41.5% | 1.0% |
| 净利率 | 38.4% | 4.9% |
| 营收同比 | 28.9% | 29.2% |
| 净利润同比 | 19.3% | 2.1% |
| 每股收益（稀释后） | $0.74 | $0.13 |
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ANETDDOG
| Q4 25 | $2.5B | $953.2M | ||
| Q3 25 | $2.3B | $885.7M | ||
| Q2 25 | $2.2B | $826.8M | ||
| Q1 25 | $2.0B | $761.6M | ||
| Q4 24 | $1.9B | $737.7M | ||
| Q3 24 | $1.8B | $690.0M | ||
| Q2 24 | $1.7B | $645.3M | ||
| Q1 24 | $1.6B | $611.3M |
净利润ANETDDOG
| Q4 25 | $955.8M | $46.6M | ||
| Q3 25 | $853.0M | $33.9M | ||
| Q2 25 | $888.8M | $2.6M | ||
| Q1 25 | $813.8M | $24.6M | ||
| Q4 24 | $801.0M | $45.6M | ||
| Q3 24 | $747.9M | $51.7M | ||
| Q2 24 | $665.4M | $43.8M | ||
| Q1 24 | $637.7M | $42.6M |
毛利率ANETDDOG
| Q4 25 | 62.9% | 80.4% | ||
| Q3 25 | 64.6% | 80.1% | ||
| Q2 25 | 65.2% | 79.9% | ||
| Q1 25 | 63.7% | 79.3% | ||
| Q4 24 | 63.8% | 80.5% | ||
| Q3 24 | 64.2% | 80.0% | ||
| Q2 24 | 64.9% | 80.9% | ||
| Q1 24 | 63.7% | 82.0% |
营业利润率ANETDDOG
| Q4 25 | 41.5% | 1.0% | ||
| Q3 25 | 42.4% | -0.7% | ||
| Q2 25 | 44.7% | -4.3% | ||
| Q1 25 | 42.8% | -1.6% | ||
| Q4 24 | 41.4% | 1.3% | ||
| Q3 24 | 43.4% | 2.9% | ||
| Q2 24 | 41.4% | 2.0% | ||
| Q1 24 | 42.0% | 2.0% |
净利率ANETDDOG
| Q4 25 | 38.4% | 4.9% | ||
| Q3 25 | 37.0% | 3.8% | ||
| Q2 25 | 40.3% | 0.3% | ||
| Q1 25 | 40.6% | 3.2% | ||
| Q4 24 | 41.5% | 6.2% | ||
| Q3 24 | 41.3% | 7.5% | ||
| Q2 24 | 39.4% | 6.8% | ||
| Q1 24 | 40.6% | 7.0% |
每股收益（稀释后）ANETDDOG
| Q4 25 | $0.74 | $0.13 | ||
| Q3 25 | $0.67 | $0.10 | ||
| Q2 25 | $0.70 | $0.01 | ||
| Q1 25 | $0.64 | $0.07 | ||
| Q4 24 | $-4.17 | $0.14 | ||
| Q3 24 | $2.33 | $0.14 | ||
| Q2 24 | $2.08 | $0.12 | ||
| Q1 24 | $1.99 | $0.12 |
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 | $401.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $3.7B |
| 总资产 | $19.4B | $6.6B |
| 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ANETDDOG
| Q4 25 | $2.0B | $401.3M | ||
| Q3 25 | $2.3B | $540.6M | ||
| Q2 25 | $2.2B | $489.0M | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $3.2B | $337.4M | ||
| Q2 24 | $2.4B | $411.0M | ||
| Q1 24 | $2.1B | $282.2M |
股东权益ANETDDOG
| Q4 25 | $12.4B | $3.7B | ||
| Q3 25 | $11.9B | $3.4B | ||
| Q2 25 | $10.9B | $3.2B | ||
| Q1 25 | $10.1B | $2.9B | ||
| Q4 24 | $10.0B | $2.7B | ||
| Q3 24 | $9.2B | $2.6B | ||
| Q2 24 | $8.4B | $2.4B | ||
| Q1 24 | $7.9B | $2.2B |
总资产ANETDDOG
| Q4 25 | $19.4B | $6.6B | ||
| Q3 25 | $18.0B | $6.1B | ||
| Q2 25 | $16.5B | $5.8B | ||
| Q1 25 | $14.5B | $6.0B | ||
| Q4 24 | $14.0B | $5.8B | ||
| Q3 24 | $12.8B | $4.6B | ||
| Q2 24 | $11.6B | $4.4B | ||
| Q1 24 | $10.6B | $4.1B |
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 | $327.1M |
| 自由现金流经营现金流 - 资本支出 | — | $318.2M |
| 自由现金流率自由现金流/营收 | — | 33.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 1.32× | 7.02× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流ANETDDOG
| Q4 25 | $1.3B | $327.1M | ||
| Q3 25 | $1.3B | $251.5M | ||
| Q2 25 | $1.2B | $200.1M | ||
| Q1 25 | $641.7M | $271.5M | ||
| Q4 24 | $1.0B | $265.2M | ||
| Q3 24 | $1.2B | $228.7M | ||
| Q2 24 | $989.0M | $164.4M | ||
| Q1 24 | $513.8M | $212.3M |
自由现金流ANETDDOG
| Q4 25 | — | $318.2M | ||
| Q3 25 | $1.2B | $234.7M | ||
| Q2 25 | $1.2B | $184.9M | ||
| Q1 25 | $613.3M | $262.8M | ||
| Q4 24 | — | $257.5M | ||
| Q3 24 | $1.2B | $220.3M | ||
| Q2 24 | $985.9M | $160.0M | ||
| Q1 24 | $504.4M | $198.1M |
自由现金流率ANETDDOG
| Q4 25 | — | 33.4% | ||
| Q3 25 | 53.6% | 26.5% | ||
| Q2 25 | 53.3% | 22.4% | ||
| Q1 25 | 30.6% | 34.5% | ||
| Q4 24 | — | 34.9% | ||
| Q3 24 | 64.5% | 31.9% | ||
| Q2 24 | 58.3% | 24.8% | ||
| Q1 24 | 32.1% | 32.4% |
资本支出强度ANETDDOG
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.3% | 1.9% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 1.4% | 1.1% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 0.6% | 2.3% |
现金转化率ANETDDOG
| Q4 25 | 1.32× | 7.02× | ||
| Q3 25 | 1.49× | 7.42× | ||
| Q2 25 | 1.35× | 75.58× | ||
| Q1 25 | 0.79× | 11.02× | ||
| Q4 24 | 1.29× | 5.82× | ||
| Q3 24 | 1.57× | 4.42× | ||
| Q2 24 | 1.49× | 3.75× | ||
| Q1 24 | 0.81× | 4.98× |
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% |
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
