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Arista Networks（ANET）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是Arista Networks的1.1倍（$2.7B vs $2.5B），Arista Networks净利率更高（38.4% vs 2.5%，领先35.9%），Rocket Companies, Inc.同比增速更快（52.2% vs 28.9%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 25.8%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
ANET vs RKT — 直观对比
营收规模更大
RKT
是对方的1.1倍
$2.5B
营收增速更快
RKT
高出23.3%
28.9%
净利率更高
ANET
高出35.9%
2.5%
两年增速更快
RKT
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.7B |
| 净利润 | $955.8M | $68.0M |
| 毛利率 | 62.9% | — |
| 营业利润率 | 41.5% | 6.3% |
| 净利率 | 38.4% | 2.5% |
| 营收同比 | 28.9% | 52.2% |
| 净利润同比 | 19.3% | 100.8% |
| 每股收益（稀释后） | $0.74 | $0.10 |
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ANETRKT
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.8B | $646.9M | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.6B | $1.4B |
净利润ANETRKT
| Q4 25 | $955.8M | $68.0M | ||
| Q3 25 | $853.0M | $-123.9M | ||
| Q2 25 | $888.8M | $-1.8M | ||
| Q1 25 | $813.8M | $-10.4M | ||
| Q4 24 | $801.0M | $33.9M | ||
| Q3 24 | $747.9M | $-22.0M | ||
| Q2 24 | $665.4M | $1.3M | ||
| Q1 24 | $637.7M | $16.2M |
毛利率ANETRKT
| Q4 25 | 62.9% | — | ||
| Q3 25 | 64.6% | — | ||
| Q2 25 | 65.2% | — | ||
| Q1 25 | 63.7% | — | ||
| Q4 24 | 63.8% | 58.9% | ||
| Q3 24 | 64.2% | -8.4% | ||
| Q2 24 | 64.9% | 47.4% | ||
| Q1 24 | 63.7% | 51.2% |
营业利润率ANETRKT
| Q4 25 | 41.5% | 6.3% | ||
| Q3 25 | 42.4% | -11.5% | ||
| Q2 25 | 44.7% | 1.8% | ||
| Q1 25 | 42.8% | -21.5% | ||
| Q4 24 | 41.4% | 38.1% | ||
| Q3 24 | 43.4% | -76.9% | ||
| Q2 24 | 41.4% | 14.8% | ||
| Q1 24 | 42.0% | 21.6% |
净利率ANETRKT
| Q4 25 | 38.4% | 2.5% | ||
| Q3 25 | 37.0% | -7.7% | ||
| Q2 25 | 40.3% | -0.1% | ||
| Q1 25 | 40.6% | -1.0% | ||
| Q4 24 | 41.5% | 1.9% | ||
| Q3 24 | 41.3% | -3.4% | ||
| Q2 24 | 39.4% | 0.1% | ||
| Q1 24 | 40.6% | 1.2% |
每股收益（稀释后）ANETRKT
| Q4 25 | $0.74 | $0.10 | ||
| Q3 25 | $0.67 | $-0.06 | ||
| Q2 25 | $0.70 | $-0.01 | ||
| Q1 25 | $0.64 | $-0.08 | ||
| Q4 24 | $-4.17 | $0.28 | ||
| Q3 24 | $2.33 | $-0.19 | ||
| Q2 24 | $2.08 | $0.01 | ||
| Q1 24 | $1.99 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $22.9B |
| 总资产 | $19.4B | $60.7B |
| 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ANETRKT
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $2.3B | $5.8B | ||
| Q2 25 | $2.2B | $5.1B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.1B | $861.4M |
股东权益ANETRKT
| Q4 25 | $12.4B | $22.9B | ||
| Q3 25 | $11.9B | $8.9B | ||
| Q2 25 | $10.9B | $7.4B | ||
| Q1 25 | $10.1B | $8.6B | ||
| Q4 24 | $10.0B | $9.0B | ||
| Q3 24 | $9.2B | $8.4B | ||
| Q2 24 | $8.4B | $8.8B | ||
| Q1 24 | $7.9B | $8.6B |
总资产ANETRKT
| Q4 25 | $19.4B | $60.7B | ||
| Q3 25 | $18.0B | $33.6B | ||
| Q2 25 | $16.5B | $30.4B | ||
| Q1 25 | $14.5B | $25.3B | ||
| Q4 24 | $14.0B | $24.5B | ||
| Q3 24 | $12.8B | $25.1B | ||
| Q2 24 | $11.6B | $23.6B | ||
| Q1 24 | $10.6B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.32× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流ANETRKT
| Q4 25 | $1.3B | $-1.2B | ||
| Q3 25 | $1.3B | $-50.3M | ||
| Q2 25 | $1.2B | $-1.9B | ||
| Q1 25 | $641.7M | $-797.0M | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $1.2B | $-1.3B | ||
| Q2 24 | $989.0M | $-122.3M | ||
| Q1 24 | $513.8M | $-3.0B |
自由现金流ANETRKT
| Q4 25 | — | $-1.3B | ||
| Q3 25 | $1.2B | $-71.8M | ||
| Q2 25 | $1.2B | $-1.9B | ||
| Q1 25 | $613.3M | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $1.2B | $-1.4B | ||
| Q2 24 | $985.9M | $-138.3M | ||
| Q1 24 | $504.4M | $-3.0B |
自由现金流率ANETRKT
| Q4 25 | — | -47.2% | ||
| Q3 25 | 53.6% | -4.5% | ||
| Q2 25 | 53.3% | -137.2% | ||
| Q1 25 | 30.6% | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | 64.5% | -209.6% | ||
| Q2 24 | 58.3% | -10.6% | ||
| Q1 24 | 32.1% | -218.7% |
资本支出强度ANETRKT
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.3% | 1.3% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 1.4% | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 0.4% | 2.9% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.6% | 1.0% |
现金转化率ANETRKT
| Q4 25 | 1.32× | -18.08× | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.29× | 54.42× | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 1.49× | -94.46× | ||
| Q1 24 | 0.81× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
