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Arista Networks（ANET）与ROKU, INC（ROKU）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ROKU, INC的1.8倍（$2.5B vs $1.4B），Arista Networks净利率更高（38.4% vs 5.8%，领先32.7%），Arista Networks同比增速更快（28.9% vs 16.1%），过去两年Arista Networks的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
ANET vs ROKU — 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12.7%
16.1%
净利率更高
ANET
高出32.7%
5.8%
两年增速更快
ANET
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.4B |
| 净利润 | $955.8M | $80.5M |
| 毛利率 | 62.9% | 43.5% |
| 营业利润率 | 41.5% | 4.7% |
| 净利率 | 38.4% | 5.8% |
| 营收同比 | 28.9% | 16.1% |
| 净利润同比 | 19.3% | 326.4% |
| 每股收益（稀释后） | $0.74 | $0.55 |
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ANETROKU
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $968.2M | ||
| Q1 24 | $1.6B | $881.5M |
净利润ANETROKU
| Q4 25 | $955.8M | $80.5M | ||
| Q3 25 | $853.0M | $24.8M | ||
| Q2 25 | $888.8M | $10.5M | ||
| Q1 25 | $813.8M | $-27.4M | ||
| Q4 24 | $801.0M | $-35.5M | ||
| Q3 24 | $747.9M | $-9.0M | ||
| Q2 24 | $665.4M | $-34.0M | ||
| Q1 24 | $637.7M | $-50.9M |
毛利率ANETROKU
| Q4 25 | 62.9% | 43.5% | ||
| Q3 25 | 64.6% | 43.4% | ||
| Q2 25 | 65.2% | 44.8% | ||
| Q1 25 | 63.7% | 43.6% | ||
| Q4 24 | 63.8% | 42.7% | ||
| Q3 24 | 64.2% | 45.2% | ||
| Q2 24 | 64.9% | 43.9% | ||
| Q1 24 | 63.7% | 44.1% |
营业利润率ANETROKU
| Q4 25 | 41.5% | 4.7% | ||
| Q3 25 | 42.4% | 0.8% | ||
| Q2 25 | 44.7% | -2.1% | ||
| Q1 25 | 42.8% | -5.7% | ||
| Q4 24 | 41.4% | -3.3% | ||
| Q3 24 | 43.4% | -3.4% | ||
| Q2 24 | 41.4% | -7.4% | ||
| Q1 24 | 42.0% | -8.2% |
净利率ANETROKU
| Q4 25 | 38.4% | 5.8% | ||
| Q3 25 | 37.0% | 2.0% | ||
| Q2 25 | 40.3% | 0.9% | ||
| Q1 25 | 40.6% | -2.7% | ||
| Q4 24 | 41.5% | -3.0% | ||
| Q3 24 | 41.3% | -0.9% | ||
| Q2 24 | 39.4% | -3.5% | ||
| Q1 24 | 40.6% | -5.8% |
每股收益（稀释后）ANETROKU
| Q4 25 | $0.74 | $0.55 | ||
| Q3 25 | $0.67 | $0.16 | ||
| Q2 25 | $0.70 | $0.07 | ||
| Q1 25 | $0.64 | $-0.19 | ||
| Q4 24 | $-4.17 | $-0.24 | ||
| Q3 24 | $2.33 | $-0.06 | ||
| Q2 24 | $2.08 | $-0.24 | ||
| Q1 24 | $1.99 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.4B | $2.7B |
| 总资产 | $19.4B | $4.4B |
| 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ANETROKU
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $2.3B | $2.3B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $2.8B | $2.2B | ||
| Q3 24 | $3.2B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.1B | $2.1B |
股东权益ANETROKU
| Q4 25 | $12.4B | $2.7B | ||
| Q3 25 | $11.9B | $2.6B | ||
| Q2 25 | $10.9B | $2.6B | ||
| Q1 25 | $10.1B | $2.5B | ||
| Q4 24 | $10.0B | $2.5B | ||
| Q3 24 | $9.2B | $2.5B | ||
| Q2 24 | $8.4B | $2.4B | ||
| Q1 24 | $7.9B | $2.4B |
总资产ANETROKU
| Q4 25 | $19.4B | $4.4B | ||
| Q3 25 | $18.0B | $4.4B | ||
| Q2 25 | $16.5B | $4.3B | ||
| Q1 25 | $14.5B | $4.2B | ||
| Q4 24 | $14.0B | $4.3B | ||
| Q3 24 | $12.8B | $4.3B | ||
| Q2 24 | $11.6B | $4.1B | ||
| Q1 24 | $10.6B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | — | $106.6M |
| 自由现金流率自由现金流/营收 | — | 7.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 1.32× | 1.34× |
| 过去12个月自由现金流最近4个季度 | — | $478.4M |
8季度趋势，按日历期对齐
经营现金流ANETROKU
| Q4 25 | $1.3B | $107.7M | ||
| Q3 25 | $1.3B | $127.6M | ||
| Q2 25 | $1.2B | $109.7M | ||
| Q1 25 | $641.7M | $138.7M | ||
| Q4 24 | $1.0B | $79.3M | ||
| Q3 24 | $1.2B | $68.7M | ||
| Q2 24 | $989.0M | $23.4M | ||
| Q1 24 | $513.8M | $46.7M |
自由现金流ANETROKU
| Q4 25 | — | $106.6M | ||
| Q3 25 | $1.2B | $126.5M | ||
| Q2 25 | $1.2B | $108.6M | ||
| Q1 25 | $613.3M | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | $1.2B | $67.6M | ||
| Q2 24 | $985.9M | $22.5M | ||
| Q1 24 | $504.4M | $46.0M |
自由现金流率ANETROKU
| Q4 25 | — | 7.6% | ||
| Q3 25 | 53.6% | 10.4% | ||
| Q2 25 | 53.3% | 9.8% | ||
| Q1 25 | 30.6% | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 64.5% | 6.4% | ||
| Q2 24 | 58.3% | 2.3% | ||
| Q1 24 | 32.1% | 5.2% |
资本支出强度ANETROKU
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 1.1% | 0.1% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.2% | 0.1% | ||
| Q1 24 | 0.6% | 0.1% |
现金转化率ANETROKU
| Q4 25 | 1.32× | 1.34× | ||
| Q3 25 | 1.49× | 5.14× | ||
| Q2 25 | 1.35× | 10.45× | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 0.81× | — |
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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
