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Arista Networks（ANET）与亨廷顿·英格尔斯工业（HII）财务数据对比。点击上方公司名可切换其他公司
亨廷顿·英格尔斯工业的季度营收约是Arista Networks的1.4倍（$3.5B vs $2.5B），Arista Networks净利率更高（38.4% vs 4.6%，领先33.8%），Arista Networks同比增速更快（28.9% vs 15.7%），过去两年Arista Networks的营收复合增速更高（25.8% vs 11.3%）
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。
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
ANET vs HII — 直观对比
营收规模更大
HII
是对方的1.4倍
$2.5B
营收增速更快
ANET
高出13.2%
15.7%
净利率更高
ANET
高出33.8%
4.6%
两年增速更快
ANET
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $3.5B |
| 净利润 | $955.8M | $159.0M |
| 毛利率 | 62.9% | — |
| 营业利润率 | 41.5% | 4.9% |
| 净利率 | 38.4% | 4.6% |
| 营收同比 | 28.9% | 15.7% |
| 净利润同比 | 19.3% | 29.3% |
| 每股收益（稀释后） | $0.74 | $4.06 |
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ANETHII
| Q4 25 | $2.5B | $3.5B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $2.2B | $3.1B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $1.9B | $3.0B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.7B | $3.0B | ||
| Q1 24 | $1.6B | $2.8B |
净利润ANETHII
| Q4 25 | $955.8M | $159.0M | ||
| Q3 25 | $853.0M | $145.0M | ||
| Q2 25 | $888.8M | $152.0M | ||
| Q1 25 | $813.8M | $149.0M | ||
| Q4 24 | $801.0M | $123.0M | ||
| Q3 24 | $747.9M | $101.0M | ||
| Q2 24 | $665.4M | $173.0M | ||
| Q1 24 | $637.7M | $153.0M |
毛利率ANETHII
| Q4 25 | 62.9% | — | ||
| Q3 25 | 64.6% | — | ||
| Q2 25 | 65.2% | — | ||
| Q1 25 | 63.7% | — | ||
| Q4 24 | 63.8% | — | ||
| Q3 24 | 64.2% | — | ||
| Q2 24 | 64.9% | — | ||
| Q1 24 | 63.7% | — |
营业利润率ANETHII
| Q4 25 | 41.5% | 4.9% | ||
| Q3 25 | 42.4% | 5.0% | ||
| Q2 25 | 44.7% | 5.3% | ||
| Q1 25 | 42.8% | 5.9% | ||
| Q4 24 | 41.4% | 3.7% | ||
| Q3 24 | 43.4% | 3.0% | ||
| Q2 24 | 41.4% | 6.3% | ||
| Q1 24 | 42.0% | 5.5% |
净利率ANETHII
| Q4 25 | 38.4% | 4.6% | ||
| Q3 25 | 37.0% | 4.5% | ||
| Q2 25 | 40.3% | 4.9% | ||
| Q1 25 | 40.6% | 5.4% | ||
| Q4 24 | 41.5% | 4.1% | ||
| Q3 24 | 41.3% | 3.7% | ||
| Q2 24 | 39.4% | 5.8% | ||
| Q1 24 | 40.6% | 5.5% |
每股收益（稀释后）ANETHII
| Q4 25 | $0.74 | $4.06 | ||
| Q3 25 | $0.67 | $3.68 | ||
| Q2 25 | $0.70 | $3.86 | ||
| Q1 25 | $0.64 | $3.79 | ||
| Q4 24 | $-4.17 | $3.15 | ||
| Q3 24 | $2.33 | $2.56 | ||
| Q2 24 | $2.08 | $4.38 | ||
| Q1 24 | $1.99 | $3.87 |
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 | — |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $12.4B | $5.1B |
| 总资产 | $19.4B | $12.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资ANETHII
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.1B | $10.0M |
总债务ANETHII
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ANETHII
| Q4 25 | $12.4B | $5.1B | ||
| Q3 25 | $11.9B | $5.0B | ||
| Q2 25 | $10.9B | $4.9B | ||
| Q1 25 | $10.1B | $4.8B | ||
| Q4 24 | $10.0B | $4.7B | ||
| Q3 24 | $9.2B | $4.2B | ||
| Q2 24 | $8.4B | $4.2B | ||
| Q1 24 | $7.9B | $4.1B |
总资产ANETHII
| Q4 25 | $19.4B | $12.7B | ||
| Q3 25 | $18.0B | $12.3B | ||
| Q2 25 | $16.5B | $12.1B | ||
| Q1 25 | $14.5B | $12.1B | ||
| Q4 24 | $14.0B | $12.1B | ||
| Q3 24 | $12.8B | $11.1B | ||
| Q2 24 | $11.6B | $11.3B | ||
| Q1 24 | $10.6B | $11.2B |
负债/权益比ANETHII
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $650.0M |
| 自由现金流经营现金流 - 资本支出 | — | $516.0M |
| 自由现金流率自由现金流/营收 | — | 14.8% |
| 资本支出强度资本支出/营收 | — | 3.9% |
| 现金转化率经营现金流/净利润 | 1.32× | 4.09× |
| 过去12个月自由现金流最近4个季度 | — | $794.0M |
8季度趋势，按日历期对齐
经营现金流ANETHII
| Q4 25 | $1.3B | $650.0M | ||
| Q3 25 | $1.3B | $118.0M | ||
| Q2 25 | $1.2B | $823.0M | ||
| Q1 25 | $641.7M | $-395.0M | ||
| Q4 24 | $1.0B | $391.0M | ||
| Q3 24 | $1.2B | $213.0M | ||
| Q2 24 | $989.0M | $-9.0M | ||
| Q1 24 | $513.8M | $-202.0M |
自由现金流ANETHII
| Q4 25 | — | $516.0M | ||
| Q3 25 | $1.2B | $13.0M | ||
| Q2 25 | $1.2B | $727.0M | ||
| Q1 25 | $613.3M | $-462.0M | ||
| Q4 24 | — | $277.0M | ||
| Q3 24 | $1.2B | $125.0M | ||
| Q2 24 | $985.9M | $-99.0M | ||
| Q1 24 | $504.4M | $-277.0M |
自由现金流率ANETHII
| Q4 25 | — | 14.8% | ||
| Q3 25 | 53.6% | 0.4% | ||
| Q2 25 | 53.3% | 23.6% | ||
| Q1 25 | 30.6% | -16.9% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | 64.5% | 4.5% | ||
| Q2 24 | 58.3% | -3.3% | ||
| Q1 24 | 32.1% | -9.9% |
资本支出强度ANETHII
| Q4 25 | — | 3.9% | ||
| Q3 25 | 1.3% | 3.3% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.4% | 2.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 0.4% | 3.2% | ||
| Q2 24 | 0.2% | 3.0% | ||
| Q1 24 | 0.6% | 2.7% |
现金转化率ANETHII
| Q4 25 | 1.32× | 4.09× | ||
| Q3 25 | 1.49× | 0.81× | ||
| Q2 25 | 1.35× | 5.41× | ||
| Q1 25 | 0.79× | -2.65× | ||
| Q4 24 | 1.29× | 3.18× | ||
| Q3 24 | 1.57× | 2.11× | ||
| Q2 24 | 1.49× | -0.05× | ||
| Q1 24 | 0.81× | -1.32× |
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% |
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
