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Arista Networks（ANET）与普尔斯马特（PSMT）财务数据对比。点击上方公司名可切换其他公司
Arista Networks的季度营收约是普尔斯马特的1.8倍（$2.5B vs $1.4B），Arista Networks净利率更高（38.4% vs 2.9%，领先35.5%），Arista Networks同比增速更快（28.9% vs 9.9%），过去两年Arista Networks的营收复合增速更高（25.8% vs 3.5%）
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。
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
ANET vs PSMT — 直观对比
营收规模更大
ANET
是对方的1.8倍
$1.4B
营收增速更快
ANET
高出19.0%
9.9%
净利率更高
ANET
高出35.5%
2.9%
两年增速更快
ANET
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.4B |
| 净利润 | $955.8M | $40.2M |
| 毛利率 | 62.9% | 17.7% |
| 营业利润率 | 41.5% | 4.6% |
| 净利率 | 38.4% | 2.9% |
| 营收同比 | 28.9% | 9.9% |
| 净利润同比 | 19.3% | 7.3% |
| 每股收益（稀释后） | $0.74 | $1.29 |
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ANETPSMT
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.6B | $1.3B |
净利润ANETPSMT
| Q4 25 | $955.8M | $40.2M | ||
| Q3 25 | $853.0M | $31.5M | ||
| Q2 25 | $888.8M | $35.2M | ||
| Q1 25 | $813.8M | $43.8M | ||
| Q4 24 | $801.0M | $37.4M | ||
| Q3 24 | $747.9M | $29.1M | ||
| Q2 24 | $665.4M | $32.5M | ||
| Q1 24 | $637.7M | $39.3M |
毛利率ANETPSMT
| Q4 25 | 62.9% | 17.7% | ||
| Q3 25 | 64.6% | — | ||
| Q2 25 | 65.2% | — | ||
| Q1 25 | 63.7% | 17.1% | ||
| Q4 24 | 63.8% | 17.4% | ||
| Q3 24 | 64.2% | — | ||
| Q2 24 | 64.9% | — | ||
| Q1 24 | 63.7% | — |
营业利润率ANETPSMT
| Q4 25 | 41.5% | 4.6% | ||
| Q3 25 | 42.4% | 4.0% | ||
| Q2 25 | 44.7% | 4.3% | ||
| Q1 25 | 42.8% | 4.8% | ||
| Q4 24 | 41.4% | 4.6% | ||
| Q3 24 | 43.4% | 4.0% | ||
| Q2 24 | 41.4% | 4.1% | ||
| Q1 24 | 42.0% | 4.9% |
净利率ANETPSMT
| Q4 25 | 38.4% | 2.9% | ||
| Q3 25 | 37.0% | 2.4% | ||
| Q2 25 | 40.3% | 2.7% | ||
| Q1 25 | 40.6% | 3.2% | ||
| Q4 24 | 41.5% | 3.0% | ||
| Q3 24 | 41.3% | 2.4% | ||
| Q2 24 | 39.4% | 2.6% | ||
| Q1 24 | 40.6% | 3.0% |
每股收益（稀释后）ANETPSMT
| Q4 25 | $0.74 | $1.29 | ||
| Q3 25 | $0.67 | $1.02 | ||
| Q2 25 | $0.70 | $1.14 | ||
| Q1 25 | $0.64 | $1.45 | ||
| Q4 24 | $-4.17 | $1.21 | ||
| Q3 24 | $2.33 | $0.94 | ||
| Q2 24 | $2.08 | $1.08 | ||
| Q1 24 | $1.99 | $1.31 |
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 | $320.6M |
| 总债务越低越好 | — | $180.3M |
| 股东权益账面价值 | $12.4B | $1.3B |
| 总资产 | $19.4B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资ANETPSMT
| Q4 25 | $2.0B | $320.6M | ||
| Q3 25 | $2.3B | $314.2M | ||
| Q2 25 | $2.2B | $262.4M | ||
| Q1 25 | $1.8B | $247.3M | ||
| Q4 24 | $2.8B | $222.2M | ||
| Q3 24 | $3.2B | $225.5M | ||
| Q2 24 | $2.4B | $228.2M | ||
| Q1 24 | $2.1B | $264.2M |
总债务ANETPSMT
| Q4 25 | — | $180.3M | ||
| Q3 25 | — | $186.6M | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | $107.1M | ||
| Q4 24 | — | $115.6M | ||
| Q3 24 | — | $130.4M | ||
| Q2 24 | — | $135.1M | ||
| Q1 24 | — | $140.0M |
股东权益ANETPSMT
| Q4 25 | $12.4B | $1.3B | ||
| Q3 25 | $11.9B | $1.2B | ||
| Q2 25 | $10.9B | $1.2B | ||
| Q1 25 | $10.1B | $1.2B | ||
| Q4 24 | $10.0B | $1.2B | ||
| Q3 24 | $9.2B | $1.1B | ||
| Q2 24 | $8.4B | $1.1B | ||
| Q1 24 | $7.9B | $1.1B |
总资产ANETPSMT
| Q4 25 | $19.4B | $2.4B | ||
| Q3 25 | $18.0B | $2.3B | ||
| Q2 25 | $16.5B | $2.1B | ||
| Q1 25 | $14.5B | $2.1B | ||
| Q4 24 | $14.0B | $2.1B | ||
| Q3 24 | $12.8B | $2.0B | ||
| Q2 24 | $11.6B | $2.0B | ||
| Q1 24 | $10.6B | $2.0B |
负债/权益比ANETPSMT
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.13× |
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 | $71.2M |
| 自由现金流经营现金流 - 资本支出 | — | $32.6M |
| 自由现金流率自由现金流/营收 | — | 2.4% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 1.32× | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | $125.5M |
8季度趋势，按日历期对齐
经营现金流ANETPSMT
| Q4 25 | $1.3B | $71.2M | ||
| Q3 25 | $1.3B | $82.1M | ||
| Q2 25 | $1.2B | $52.8M | ||
| Q1 25 | $641.7M | $87.9M | ||
| Q4 24 | $1.0B | $38.5M | ||
| Q3 24 | $1.2B | $41.8M | ||
| Q2 24 | $989.0M | $38.1M | ||
| Q1 24 | $513.8M | $86.6M |
自由现金流ANETPSMT
| Q4 25 | — | $32.6M | ||
| Q3 25 | $1.2B | $25.6M | ||
| Q2 25 | $1.2B | $14.0M | ||
| Q1 25 | $613.3M | $53.2M | ||
| Q4 24 | — | $10.3M | ||
| Q3 24 | $1.2B | $15.2M | ||
| Q2 24 | $985.9M | $-308.0K | ||
| Q1 24 | $504.4M | $16.4M |
自由现金流率ANETPSMT
| Q4 25 | — | 2.4% | ||
| Q3 25 | 53.6% | 1.9% | ||
| Q2 25 | 53.3% | 1.1% | ||
| Q1 25 | 30.6% | 3.9% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 64.5% | 1.2% | ||
| Q2 24 | 58.3% | -0.0% | ||
| Q1 24 | 32.1% | 1.3% |
资本支出强度ANETPSMT
| Q4 25 | — | 2.8% | ||
| Q3 25 | 1.3% | 4.2% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 1.4% | 2.5% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 0.4% | 2.2% | ||
| Q2 24 | 0.2% | 3.1% | ||
| Q1 24 | 0.6% | 5.4% |
现金转化率ANETPSMT
| Q4 25 | 1.32× | 1.77× | ||
| Q3 25 | 1.49× | 2.60× | ||
| Q2 25 | 1.35× | 1.50× | ||
| Q1 25 | 0.79× | 2.01× | ||
| Q4 24 | 1.29× | 1.03× | ||
| Q3 24 | 1.57× | 1.44× | ||
| Q2 24 | 1.49× | 1.17× | ||
| Q1 24 | 0.81× | 2.20× |
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% |
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
