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Arista Networks（ANET）与RXO, Inc.（RXO）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RXO, Inc.的1.7倍（$2.5B vs $1.5B），Arista Networks净利率更高（38.4% vs -3.1%，领先41.6%），Arista Networks同比增速更快（28.9% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
ANET vs RXO — 直观对比
营收规模更大
ANET
是对方的1.7倍
$1.5B
营收增速更快
ANET
高出40.8%
-11.9%
净利率更高
ANET
高出41.6%
-3.1%
两年增速更快
RXO
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.5B |
| 净利润 | $955.8M | $-46.0M |
| 毛利率 | 62.9% | — |
| 营业利润率 | 41.5% | -2.9% |
| 净利率 | 38.4% | -3.1% |
| 营收同比 | 28.9% | -11.9% |
| 净利润同比 | 19.3% | -84.0% |
| 每股收益（稀释后） | $0.74 | $-0.28 |
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ANETRXO
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.7B | $930.0M | ||
| Q1 24 | $1.6B | $913.0M |
净利润ANETRXO
| Q4 25 | $955.8M | $-46.0M | ||
| Q3 25 | $853.0M | $-14.0M | ||
| Q2 25 | $888.8M | $-9.0M | ||
| Q1 25 | $813.8M | $-31.0M | ||
| Q4 24 | $801.0M | $-25.0M | ||
| Q3 24 | $747.9M | $-243.0M | ||
| Q2 24 | $665.4M | $-7.0M | ||
| Q1 24 | $637.7M | $-15.0M |
毛利率ANETRXO
| 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ANETRXO
| Q4 25 | 41.5% | -2.9% | ||
| Q3 25 | 42.4% | -0.5% | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | 42.8% | -2.1% | ||
| Q4 24 | 41.4% | -1.4% | ||
| Q3 24 | 43.4% | -1.9% | ||
| Q2 24 | 41.4% | — | ||
| Q1 24 | 42.0% | -1.3% |
净利率ANETRXO
| Q4 25 | 38.4% | -3.1% | ||
| Q3 25 | 37.0% | -1.0% | ||
| Q2 25 | 40.3% | -0.6% | ||
| Q1 25 | 40.6% | -2.2% | ||
| Q4 24 | 41.5% | -1.5% | ||
| Q3 24 | 41.3% | -23.4% | ||
| Q2 24 | 39.4% | -0.8% | ||
| Q1 24 | 40.6% | -1.6% |
每股收益（稀释后）ANETRXO
| Q4 25 | $0.74 | $-0.28 | ||
| Q3 25 | $0.67 | $-0.08 | ||
| Q2 25 | $0.70 | $-0.05 | ||
| Q1 25 | $0.64 | $-0.18 | ||
| Q4 24 | $-4.17 | $-0.17 | ||
| Q3 24 | $2.33 | $-1.81 | ||
| Q2 24 | $2.08 | $-0.06 | ||
| Q1 24 | $1.99 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $12.4B | $1.5B |
| 总资产 | $19.4B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ANETRXO
| Q4 25 | $2.0B | $17.0M | ||
| Q3 25 | $2.3B | $25.0M | ||
| Q2 25 | $2.2B | $18.0M | ||
| Q1 25 | $1.8B | $16.0M | ||
| Q4 24 | $2.8B | $35.0M | ||
| Q3 24 | $3.2B | $55.0M | ||
| Q2 24 | $2.4B | $7.0M | ||
| Q1 24 | $2.1B | $7.0M |
总债务ANETRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益ANETRXO
| Q4 25 | $12.4B | $1.5B | ||
| Q3 25 | $11.9B | $1.6B | ||
| Q2 25 | $10.9B | $1.6B | ||
| Q1 25 | $10.1B | $1.6B | ||
| Q4 24 | $10.0B | $1.6B | ||
| Q3 24 | $9.2B | $1.7B | ||
| Q2 24 | $8.4B | $579.0M | ||
| Q1 24 | $7.9B | $582.0M |
总资产ANETRXO
| Q4 25 | $19.4B | $3.3B | ||
| Q3 25 | $18.0B | $3.2B | ||
| Q2 25 | $16.5B | $3.2B | ||
| Q1 25 | $14.5B | $3.3B | ||
| Q4 24 | $14.0B | $3.4B | ||
| Q3 24 | $12.8B | $3.4B | ||
| Q2 24 | $11.6B | $1.8B | ||
| Q1 24 | $10.6B | $1.8B |
负债/权益比ANETRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 1.32× | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流ANETRXO
| Q4 25 | $1.3B | $7.0M | ||
| Q3 25 | $1.3B | $23.0M | ||
| Q2 25 | $1.2B | $23.0M | ||
| Q1 25 | $641.7M | $-2.0M | ||
| Q4 24 | $1.0B | $-7.0M | ||
| Q3 24 | $1.2B | $-7.0M | ||
| Q2 24 | $989.0M | $-5.0M | ||
| Q1 24 | $513.8M | $7.0M |
自由现金流ANETRXO
| Q4 25 | — | $-9.0M | ||
| Q3 25 | $1.2B | $9.0M | ||
| Q2 25 | $1.2B | $9.0M | ||
| Q1 25 | $613.3M | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | $1.2B | $-18.0M | ||
| Q2 24 | $985.9M | $-16.0M | ||
| Q1 24 | $504.4M | $-4.0M |
自由现金流率ANETRXO
| Q4 25 | — | -0.6% | ||
| Q3 25 | 53.6% | 0.6% | ||
| Q2 25 | 53.3% | 0.6% | ||
| Q1 25 | 30.6% | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | 64.5% | -1.7% | ||
| Q2 24 | 58.3% | -1.7% | ||
| Q1 24 | 32.1% | -0.4% |
资本支出强度ANETRXO
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.4% | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.6% | 1.2% |
现金转化率ANETRXO
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.35× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
