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Arista Networks（ANET）与EXTREME NETWORKS INC（EXTR）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EXTREME NETWORKS INC的7.8倍（$2.5B vs $317.9M）。Arista Networks净利率更高（38.4% vs 2.5%，领先35.9%）。Arista Networks同比增速更快（28.9% vs 13.8%）。过去两年Arista Networks的营收复合增速更高（25.8% vs 22.7%）
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。
Extreme Networks是一家总部位于美国北卡罗来纳州莫里斯维尔的网络技术企业，专注于设计、研发和生产有线及无线网络基础设施设备，同时开发用于网络管理、策略管控、数据分析、安全防护及访问控制的相关软件，为各行业客户提供高效的网络解决方案。
ANET vs EXTR — 直观对比
营收规模更大
ANET
是对方的7.8倍
$317.9M
营收增速更快
ANET
高出15.1%
13.8%
净利率更高
ANET
高出35.9%
2.5%
两年增速更快
ANET
近两年复合增速
22.7%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $317.9M |
| 净利润 | $955.8M | $7.9M |
| 毛利率 | 62.9% | 61.4% |
| 营业利润率 | 41.5% | 4.1% |
| 净利率 | 38.4% | 2.5% |
| 营收同比 | 28.9% | 13.8% |
| 净利润同比 | 19.3% | 6.7% |
| 每股收益（稀释后） | $0.74 | $0.06 |
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ANETEXTR
| Q4 25 | $2.5B | $317.9M | ||
| Q3 25 | $2.3B | $310.2M | ||
| Q2 25 | $2.2B | $307.0M | ||
| Q1 25 | $2.0B | $284.5M | ||
| Q4 24 | $1.9B | $279.4M | ||
| Q3 24 | $1.8B | $269.2M | ||
| Q2 24 | $1.7B | $256.7M | ||
| Q1 24 | $1.6B | $211.0M |
净利润ANETEXTR
| Q4 25 | $955.8M | $7.9M | ||
| Q3 25 | $853.0M | $5.6M | ||
| Q2 25 | $888.8M | $-7.8M | ||
| Q1 25 | $813.8M | $3.5M | ||
| Q4 24 | $801.0M | $7.4M | ||
| Q3 24 | $747.9M | $-10.5M | ||
| Q2 24 | $665.4M | $-54.2M | ||
| Q1 24 | $637.7M | $-64.4M |
毛利率ANETEXTR
| Q4 25 | 62.9% | 61.4% | ||
| Q3 25 | 64.6% | 60.6% | ||
| Q2 25 | 65.2% | 61.6% | ||
| Q1 25 | 63.7% | 61.7% | ||
| Q4 24 | 63.8% | 62.7% | ||
| Q3 24 | 64.2% | 63.0% | ||
| Q2 24 | 64.9% | 44.7% | ||
| Q1 24 | 63.7% | 56.8% |
营业利润率ANETEXTR
| Q4 25 | 41.5% | 4.1% | ||
| Q3 25 | 42.4% | 3.6% | ||
| Q2 25 | 44.7% | -0.4% | ||
| Q1 25 | 42.8% | 3.6% | ||
| Q4 24 | 41.4% | 4.5% | ||
| Q3 24 | 43.4% | -1.8% | ||
| Q2 24 | 41.4% | -19.1% | ||
| Q1 24 | 42.0% | -29.6% |
净利率ANETEXTR
| Q4 25 | 38.4% | 2.5% | ||
| Q3 25 | 37.0% | 1.8% | ||
| Q2 25 | 40.3% | -2.5% | ||
| Q1 25 | 40.6% | 1.2% | ||
| Q4 24 | 41.5% | 2.6% | ||
| Q3 24 | 41.3% | -3.9% | ||
| Q2 24 | 39.4% | -21.1% | ||
| Q1 24 | 40.6% | -30.5% |
每股收益（稀释后）ANETEXTR
| Q4 25 | $0.74 | $0.06 | ||
| Q3 25 | $0.67 | $0.04 | ||
| Q2 25 | $0.70 | $-0.07 | ||
| Q1 25 | $0.64 | $0.03 | ||
| Q4 24 | $-4.17 | $0.06 | ||
| Q3 24 | $2.33 | $-0.08 | ||
| Q2 24 | $2.08 | $-0.40 | ||
| Q1 24 | $1.99 | $-0.50 |
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 | $219.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $95.9M |
| 总资产 | $19.4B | $1.2B |
| 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ANETEXTR
| Q4 25 | $2.0B | $219.8M | ||
| Q3 25 | $2.3B | $209.0M | ||
| Q2 25 | $2.2B | $231.7M | ||
| Q1 25 | $1.8B | $185.5M | ||
| Q4 24 | $2.8B | $170.3M | ||
| Q3 24 | $3.2B | $159.5M | ||
| Q2 24 | $2.4B | $156.7M | ||
| Q1 24 | $2.1B | $151.0M |
总债务ANETEXTR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $190.0M | ||
| Q1 24 | — | — |
股东权益ANETEXTR
| Q4 25 | $12.4B | $95.9M | ||
| Q3 25 | $11.9B | $68.6M | ||
| Q2 25 | $10.9B | $65.6M | ||
| Q1 25 | $10.1B | $71.7M | ||
| Q4 24 | $10.0B | $51.2M | ||
| Q3 24 | $9.2B | $32.7M | ||
| Q2 24 | $8.4B | $25.3M | ||
| Q1 24 | $7.9B | $65.0M |
总资产ANETEXTR
| Q4 25 | $19.4B | $1.2B | ||
| Q3 25 | $18.0B | $1.2B | ||
| Q2 25 | $16.5B | $1.2B | ||
| Q1 25 | $14.5B | $1.1B | ||
| Q4 24 | $14.0B | $1.1B | ||
| Q3 24 | $12.8B | $1.1B | ||
| Q2 24 | $11.6B | $1.0B | ||
| Q1 24 | $10.6B | $1.1B |
负债/权益比ANETEXTR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.52× | ||
| Q1 24 | — | — |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 13.5% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 1.32× | 6.37× |
| 过去12个月自由现金流最近4个季度 | — | $121.7M |
8季度趋势，按日历期对齐
经营现金流ANETEXTR
| Q4 25 | $1.3B | $50.1M | ||
| Q3 25 | $1.3B | $-14.0M | ||
| Q2 25 | $1.2B | $81.9M | ||
| Q1 25 | $641.7M | $30.0M | ||
| Q4 24 | $1.0B | $21.5M | ||
| Q3 24 | $1.2B | $18.6M | ||
| Q2 24 | $989.0M | $15.5M | ||
| Q1 24 | $513.8M | $-69.9M |
自由现金流ANETEXTR
| Q4 25 | — | $43.0M | ||
| Q3 25 | $1.2B | $-20.9M | ||
| Q2 25 | $1.2B | $75.3M | ||
| Q1 25 | $613.3M | $24.2M | ||
| Q4 24 | — | $16.1M | ||
| Q3 24 | $1.2B | $11.7M | ||
| Q2 24 | $985.9M | $11.0M | ||
| Q1 24 | $504.4M | $-73.5M |
自由现金流率ANETEXTR
| Q4 25 | — | 13.5% | ||
| Q3 25 | 53.6% | -6.7% | ||
| Q2 25 | 53.3% | 24.5% | ||
| Q1 25 | 30.6% | 8.5% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 64.5% | 4.3% | ||
| Q2 24 | 58.3% | 4.3% | ||
| Q1 24 | 32.1% | -34.8% |
资本支出强度ANETEXTR
| Q4 25 | — | 2.2% | ||
| Q3 25 | 1.3% | 2.2% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 1.4% | 2.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.6% | 1.7% |
现金转化率ANETEXTR
| Q4 25 | 1.32× | 6.37× | ||
| Q3 25 | 1.49× | -2.49× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 0.79× | 8.67× | ||
| Q4 24 | 1.29× | 2.92× | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 0.81× | — |
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% |
EXTR
| Products | $197.8M | 62% |
| Subscription And Support | $120.2M | 38% |
