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Arista Networks（ANET）与F5, Inc.（FFIV）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F5, Inc.的3.0倍（$2.5B vs $822.5M）。Arista Networks净利率更高（38.4% vs 21.9%，领先16.5%）。Arista Networks同比增速更快（28.9% vs 7.3%）。过去两年Arista Networks的营收复合增速更高（25.8% vs 9.9%）
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。
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
ANET vs FFIV — 直观对比
营收规模更大
ANET
是对方的3.0倍
$822.5M
营收增速更快
ANET
高出21.6%
7.3%
净利率更高
ANET
高出16.5%
21.9%
两年增速更快
ANET
近两年复合增速
9.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $822.5M |
| 净利润 | $955.8M | $180.1M |
| 毛利率 | 62.9% | 81.5% |
| 营业利润率 | 41.5% | 26.0% |
| 净利率 | 38.4% | 21.9% |
| 营收同比 | 28.9% | 7.3% |
| 净利润同比 | 19.3% | 8.2% |
| 每股收益（稀释后） | $0.74 | $3.10 |
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ANETFFIV
| Q4 25 | $2.5B | $822.5M | ||
| Q3 25 | $2.3B | $810.1M | ||
| Q2 25 | $2.2B | $780.4M | ||
| Q1 25 | $2.0B | $731.1M | ||
| Q4 24 | $1.9B | $766.5M | ||
| Q3 24 | $1.8B | $746.7M | ||
| Q2 24 | $1.7B | $695.5M | ||
| Q1 24 | $1.6B | $681.4M |
净利润ANETFFIV
| Q4 25 | $955.8M | $180.1M | ||
| Q3 25 | $853.0M | $190.5M | ||
| Q2 25 | $888.8M | $189.9M | ||
| Q1 25 | $813.8M | $145.5M | ||
| Q4 24 | $801.0M | $166.4M | ||
| Q3 24 | $747.9M | $165.3M | ||
| Q2 24 | $665.4M | $144.1M | ||
| Q1 24 | $637.7M | $119.0M |
毛利率ANETFFIV
| Q4 25 | 62.9% | 81.5% | ||
| Q3 25 | 64.6% | 82.2% | ||
| Q2 25 | 65.2% | 81.0% | ||
| Q1 25 | 63.7% | 80.7% | ||
| Q4 24 | 63.8% | 81.7% | ||
| Q3 24 | 64.2% | 80.8% | ||
| Q2 24 | 64.9% | 80.4% | ||
| Q1 24 | 63.7% | 79.3% |
营业利润率ANETFFIV
| Q4 25 | 41.5% | 26.0% | ||
| Q3 25 | 42.4% | 25.4% | ||
| Q2 25 | 44.7% | 25.2% | ||
| Q1 25 | 42.8% | 21.7% | ||
| Q4 24 | 41.4% | 26.8% | ||
| Q3 24 | 43.4% | 25.6% | ||
| Q2 24 | 41.4% | 23.4% | ||
| Q1 24 | 42.0% | 20.5% |
净利率ANETFFIV
| Q4 25 | 38.4% | 21.9% | ||
| Q3 25 | 37.0% | 23.5% | ||
| Q2 25 | 40.3% | 24.3% | ||
| Q1 25 | 40.6% | 19.9% | ||
| Q4 24 | 41.5% | 21.7% | ||
| Q3 24 | 41.3% | 22.1% | ||
| Q2 24 | 39.4% | 20.7% | ||
| Q1 24 | 40.6% | 17.5% |
每股收益（稀释后）ANETFFIV
| Q4 25 | $0.74 | $3.10 | ||
| Q3 25 | $0.67 | $3.25 | ||
| Q2 25 | $0.70 | $3.25 | ||
| Q1 25 | $0.64 | $2.48 | ||
| Q4 24 | $-4.17 | $2.82 | ||
| Q3 24 | $2.33 | $2.79 | ||
| Q2 24 | $2.08 | $2.44 | ||
| Q1 24 | $1.99 | $2.00 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $3.5B |
| 总资产 | $19.4B | $6.3B |
| 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ANETFFIV
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $2.8B | $1.2B | ||
| Q3 24 | $3.2B | $1.1B | ||
| Q2 24 | $2.4B | $935.6M | ||
| Q1 24 | $2.1B | $903.5M |
股东权益ANETFFIV
| Q4 25 | $12.4B | $3.5B | ||
| Q3 25 | $11.9B | $3.6B | ||
| Q2 25 | $10.9B | $3.5B | ||
| Q1 25 | $10.1B | $3.3B | ||
| Q4 24 | $10.0B | $3.2B | ||
| Q3 24 | $9.2B | $3.1B | ||
| Q2 24 | $8.4B | $3.0B | ||
| Q1 24 | $7.9B | $2.9B |
总资产ANETFFIV
| Q4 25 | $19.4B | $6.3B | ||
| Q3 25 | $18.0B | $6.3B | ||
| Q2 25 | $16.5B | $6.1B | ||
| Q1 25 | $14.5B | $5.9B | ||
| Q4 24 | $14.0B | $5.9B | ||
| Q3 24 | $12.8B | $5.6B | ||
| Q2 24 | $11.6B | $5.4B | ||
| Q1 24 | $10.6B | $5.4B |
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 | $159.2M |
| 自由现金流经营现金流 - 资本支出 | — | $149.5M |
| 自由现金流率自由现金流/营收 | — | 18.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.32× | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $861.2M |
8季度趋势，按日历期对齐
经营现金流ANETFFIV
| Q4 25 | $1.3B | $159.2M | ||
| Q3 25 | $1.3B | $208.1M | ||
| Q2 25 | $1.2B | $282.2M | ||
| Q1 25 | $641.7M | $256.6M | ||
| Q4 24 | $1.0B | $202.8M | ||
| Q3 24 | $1.2B | $246.5M | ||
| Q2 24 | $989.0M | $159.0M | ||
| Q1 24 | $513.8M | $221.6M |
自由现金流ANETFFIV
| Q4 25 | — | $149.5M | ||
| Q3 25 | $1.2B | $191.9M | ||
| Q2 25 | $1.2B | $273.7M | ||
| Q1 25 | $613.3M | $246.1M | ||
| Q4 24 | — | $194.7M | ||
| Q3 24 | $1.2B | $240.4M | ||
| Q2 24 | $985.9M | $153.1M | ||
| Q1 24 | $504.4M | $212.2M |
自由现金流率ANETFFIV
| Q4 25 | — | 18.2% | ||
| Q3 25 | 53.6% | 23.7% | ||
| Q2 25 | 53.3% | 35.1% | ||
| Q1 25 | 30.6% | 33.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | 64.5% | 32.2% | ||
| Q2 24 | 58.3% | 22.0% | ||
| Q1 24 | 32.1% | 31.1% |
资本支出强度ANETFFIV
| Q4 25 | — | 1.2% | ||
| Q3 25 | 1.3% | 2.0% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 1.4% | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 0.4% | 0.8% | ||
| Q2 24 | 0.2% | 0.8% | ||
| Q1 24 | 0.6% | 1.4% |
现金转化率ANETFFIV
| Q4 25 | 1.32× | 0.88× | ||
| Q3 25 | 1.49× | 1.09× | ||
| Q2 25 | 1.35× | 1.49× | ||
| Q1 25 | 0.79× | 1.76× | ||
| Q4 24 | 1.29× | 1.22× | ||
| Q3 24 | 1.57× | 1.49× | ||
| Q2 24 | 1.49× | 1.10× | ||
| Q1 24 | 0.81× | 1.86× |
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% |
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
