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Arista Networks（ANET）与J.B. Hunt（JBHT）财务数据对比。点击上方公司名可切换其他公司
J.B. Hunt的季度营收约是Arista Networks的1.2倍（$3.1B vs $2.5B），Arista Networks净利率更高（38.4% vs 5.8%，领先32.6%），Arista Networks同比增速更快（28.9% vs -1.6%），过去两年Arista Networks的营收复合增速更高（25.8% vs 2.6%）
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。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
ANET vs JBHT — 直观对比
营收规模更大
JBHT
是对方的1.2倍
$2.5B
营收增速更快
ANET
高出30.5%
-1.6%
净利率更高
ANET
高出32.6%
5.8%
两年增速更快
ANET
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $3.1B |
| 净利润 | $955.8M | $181.1M |
| 毛利率 | 62.9% | — |
| 营业利润率 | 41.5% | 8.0% |
| 净利率 | 38.4% | 5.8% |
| 营收同比 | 28.9% | -1.6% |
| 净利润同比 | 19.3% | 16.5% |
| 每股收益（稀释后） | $0.74 | $1.88 |
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ANETJBHT
| Q4 25 | $2.5B | $3.1B | ||
| Q3 25 | $2.3B | $3.1B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.0B | $2.9B | ||
| Q4 24 | $1.9B | $3.1B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.7B | $2.9B | ||
| Q1 24 | $1.6B | $2.9B |
净利润ANETJBHT
| Q4 25 | $955.8M | $181.1M | ||
| Q3 25 | $853.0M | $170.8M | ||
| Q2 25 | $888.8M | $128.6M | ||
| Q1 25 | $813.8M | $117.7M | ||
| Q4 24 | $801.0M | $155.5M | ||
| Q3 24 | $747.9M | $152.1M | ||
| Q2 24 | $665.4M | $135.9M | ||
| Q1 24 | $637.7M | $127.5M |
毛利率ANETJBHT
| 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ANETJBHT
| Q4 25 | 41.5% | 8.0% | ||
| Q3 25 | 42.4% | 7.9% | ||
| Q2 25 | 44.7% | 6.7% | ||
| Q1 25 | 42.8% | 6.1% | ||
| Q4 24 | 41.4% | 6.6% | ||
| Q3 24 | 43.4% | 7.3% | ||
| Q2 24 | 41.4% | 7.0% | ||
| Q1 24 | 42.0% | 6.6% |
净利率ANETJBHT
| Q4 25 | 38.4% | 5.8% | ||
| Q3 25 | 37.0% | 5.6% | ||
| Q2 25 | 40.3% | 4.4% | ||
| Q1 25 | 40.6% | 4.0% | ||
| Q4 24 | 41.5% | 4.9% | ||
| Q3 24 | 41.3% | 5.0% | ||
| Q2 24 | 39.4% | 4.6% | ||
| Q1 24 | 40.6% | 4.3% |
每股收益（稀释后）ANETJBHT
| Q4 25 | $0.74 | $1.88 | ||
| Q3 25 | $0.67 | $1.76 | ||
| Q2 25 | $0.70 | $1.31 | ||
| Q1 25 | $0.64 | $1.17 | ||
| Q4 24 | $-4.17 | $1.53 | ||
| Q3 24 | $2.33 | $1.49 | ||
| Q2 24 | $2.08 | $1.32 | ||
| Q1 24 | $1.99 | $1.22 |
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 | $17.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $3.6B |
| 总资产 | $19.4B | $7.9B |
| 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ANETJBHT
| Q4 25 | $2.0B | $17.3M | ||
| Q3 25 | $2.3B | $52.3M | ||
| Q2 25 | $2.2B | $50.9M | ||
| Q1 25 | $1.8B | $43.4M | ||
| Q4 24 | $2.8B | $47.0M | ||
| Q3 24 | $3.2B | $120.0M | ||
| Q2 24 | $2.4B | $53.5M | ||
| Q1 24 | $2.1B | $64.2M |
总债务ANETJBHT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $977.7M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
股东权益ANETJBHT
| Q4 25 | $12.4B | $3.6B | ||
| Q3 25 | $11.9B | $3.6B | ||
| Q2 25 | $10.9B | $3.7B | ||
| Q1 25 | $10.1B | $3.9B | ||
| Q4 24 | $10.0B | $4.0B | ||
| Q3 24 | $9.2B | $4.0B | ||
| Q2 24 | $8.4B | $4.1B | ||
| Q1 24 | $7.9B | $4.2B |
总资产ANETJBHT
| Q4 25 | $19.4B | $7.9B | ||
| Q3 25 | $18.0B | $8.1B | ||
| Q2 25 | $16.5B | $8.2B | ||
| Q1 25 | $14.5B | $8.3B | ||
| Q4 24 | $14.0B | $8.3B | ||
| Q3 24 | $12.8B | $8.3B | ||
| Q2 24 | $11.6B | $8.4B | ||
| Q1 24 | $10.6B | $8.4B |
负债/权益比ANETJBHT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.33× |
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 | $385.6M |
| 自由现金流经营现金流 - 资本支出 | — | $251.3M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | — | 4.3% |
| 现金转化率经营现金流/净利润 | 1.32× | 2.13× |
| 过去12个月自由现金流最近4个季度 | — | $947.6M |
8季度趋势，按日历期对齐
经营现金流ANETJBHT
| Q4 25 | $1.3B | $385.6M | ||
| Q3 25 | $1.3B | $486.4M | ||
| Q2 25 | $1.2B | $402.1M | ||
| Q1 25 | $641.7M | $404.2M | ||
| Q4 24 | $1.0B | $317.6M | ||
| Q3 24 | $1.2B | $338.5M | ||
| Q2 24 | $989.0M | $360.6M | ||
| Q1 24 | $513.8M | $466.5M |
自由现金流ANETJBHT
| Q4 25 | — | $251.3M | ||
| Q3 25 | $1.2B | $352.4M | ||
| Q2 25 | $1.2B | $185.6M | ||
| Q1 25 | $613.3M | $158.4M | ||
| Q4 24 | — | $93.3M | ||
| Q3 24 | $1.2B | $163.1M | ||
| Q2 24 | $985.9M | $98.2M | ||
| Q1 24 | $504.4M | $263.1M |
自由现金流率ANETJBHT
| Q4 25 | — | 8.1% | ||
| Q3 25 | 53.6% | 11.5% | ||
| Q2 25 | 53.3% | 6.3% | ||
| Q1 25 | 30.6% | 5.4% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 64.5% | 5.3% | ||
| Q2 24 | 58.3% | 3.4% | ||
| Q1 24 | 32.1% | 8.9% |
资本支出强度ANETJBHT
| Q4 25 | — | 4.3% | ||
| Q3 25 | 1.3% | 4.4% | ||
| Q2 25 | 1.1% | 7.4% | ||
| Q1 25 | 1.4% | 8.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | 0.4% | 5.7% | ||
| Q2 24 | 0.2% | 9.0% | ||
| Q1 24 | 0.6% | 6.9% |
现金转化率ANETJBHT
| Q4 25 | 1.32× | 2.13× | ||
| Q3 25 | 1.49× | 2.85× | ||
| Q2 25 | 1.35× | 3.13× | ||
| Q1 25 | 0.79× | 3.43× | ||
| Q4 24 | 1.29× | 2.04× | ||
| Q3 24 | 1.57× | 2.23× | ||
| Q2 24 | 1.49× | 2.65× | ||
| Q1 24 | 0.81× | 3.66× |
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% |
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
