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Arista Networks（ANET）与TEREX CORP（TEX）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TEREX CORP的1.9倍（$2.5B vs $1.3B），Arista Networks净利率更高（38.4% vs 4.8%，领先33.6%），Arista Networks同比增速更快（28.9% vs 6.2%），过去两年Arista Networks的营收复合增速更高（25.8% vs 1.0%）
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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
ANET vs TEX — 直观对比
营收规模更大
ANET
是对方的1.9倍
$1.3B
营收增速更快
ANET
高出22.7%
6.2%
净利率更高
ANET
高出33.6%
4.8%
两年增速更快
ANET
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.3B |
| 净利润 | $955.8M | $63.0M |
| 毛利率 | 62.9% | 18.8% |
| 营业利润率 | 41.5% | 10.4% |
| 净利率 | 38.4% | 4.8% |
| 营收同比 | 28.9% | 6.2% |
| 净利润同比 | 19.3% | 2963.6% |
| 每股收益（稀释后） | $0.74 | $0.95 |
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ANETTEX
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.6B | $1.3B |
净利润ANETTEX
| Q4 25 | $955.8M | $63.0M | ||
| Q3 25 | $853.0M | $65.0M | ||
| Q2 25 | $888.8M | $72.0M | ||
| Q1 25 | $813.8M | $21.0M | ||
| Q4 24 | $801.0M | $-2.2M | ||
| Q3 24 | $747.9M | $88.0M | ||
| Q2 24 | $665.4M | $140.7M | ||
| Q1 24 | $637.7M | $108.5M |
毛利率ANETTEX
| Q4 25 | 62.9% | 18.8% | ||
| Q3 25 | 64.6% | 20.3% | ||
| Q2 25 | 65.2% | 19.6% | ||
| Q1 25 | 63.7% | 18.7% | ||
| Q4 24 | 63.8% | 15.9% | ||
| Q3 24 | 64.2% | 20.2% | ||
| Q2 24 | 64.9% | 23.8% | ||
| Q1 24 | 63.7% | 23.0% |
营业利润率ANETTEX
| Q4 25 | 41.5% | 10.4% | ||
| Q3 25 | 42.4% | 10.1% | ||
| Q2 25 | 44.7% | 8.7% | ||
| Q1 25 | 42.8% | 5.6% | ||
| Q4 24 | 41.4% | 4.2% | ||
| Q3 24 | 43.4% | 10.1% | ||
| Q2 24 | 41.4% | 14.0% | ||
| Q1 24 | 42.0% | 12.2% |
净利率ANETTEX
| Q4 25 | 38.4% | 4.8% | ||
| Q3 25 | 37.0% | 4.7% | ||
| Q2 25 | 40.3% | 4.8% | ||
| Q1 25 | 40.6% | 1.7% | ||
| Q4 24 | 41.5% | -0.2% | ||
| Q3 24 | 41.3% | 7.3% | ||
| Q2 24 | 39.4% | 10.2% | ||
| Q1 24 | 40.6% | 8.4% |
每股收益（稀释后）ANETTEX
| Q4 25 | $0.74 | $0.95 | ||
| Q3 25 | $0.67 | $0.98 | ||
| Q2 25 | $0.70 | $1.09 | ||
| Q1 25 | $0.64 | $0.31 | ||
| Q4 24 | $-4.17 | $-0.03 | ||
| Q3 24 | $2.33 | $1.31 | ||
| Q2 24 | $2.08 | $2.08 | ||
| Q1 24 | $1.99 | $1.60 |
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 | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $12.4B | $2.1B |
| 总资产 | $19.4B | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ANETTEX
| Q4 25 | $2.0B | $772.0M | ||
| Q3 25 | $2.3B | $509.0M | ||
| Q2 25 | $2.2B | $374.0M | ||
| Q1 25 | $1.8B | $298.0M | ||
| Q4 24 | $2.8B | $388.0M | ||
| Q3 24 | $3.2B | $352.0M | ||
| Q2 24 | $2.4B | $319.3M | ||
| Q1 24 | $2.1B | $364.9M |
总债务ANETTEX
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ANETTEX
| Q4 25 | $12.4B | $2.1B | ||
| Q3 25 | $11.9B | $2.0B | ||
| Q2 25 | $10.9B | $2.0B | ||
| Q1 25 | $10.1B | $1.8B | ||
| Q4 24 | $10.0B | $1.8B | ||
| Q3 24 | $9.2B | $2.0B | ||
| Q2 24 | $8.4B | $1.8B | ||
| Q1 24 | $7.9B | $1.7B |
总资产ANETTEX
| Q4 25 | $19.4B | $6.1B | ||
| Q3 25 | $18.0B | $6.2B | ||
| Q2 25 | $16.5B | $6.2B | ||
| Q1 25 | $14.5B | $5.8B | ||
| Q4 24 | $14.0B | $5.7B | ||
| Q3 24 | $12.8B | $3.8B | ||
| Q2 24 | $11.6B | $3.8B | ||
| Q1 24 | $10.6B | $3.8B |
负债/权益比ANETTEX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | — | $171.0M |
| 自由现金流率自由现金流/营收 | — | 13.0% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 1.32× | 3.25× |
| 过去12个月自由现金流最近4个季度 | — | $322.0M |
8季度趋势，按日历期对齐
经营现金流ANETTEX
| Q4 25 | $1.3B | $205.0M | ||
| Q3 25 | $1.3B | $154.0M | ||
| Q2 25 | $1.2B | $102.0M | ||
| Q1 25 | $641.7M | $-21.0M | ||
| Q4 24 | $1.0B | $177.0M | ||
| Q3 24 | $1.2B | $116.4M | ||
| Q2 24 | $989.0M | $66.5M | ||
| Q1 24 | $513.8M | $-33.9M |
自由现金流ANETTEX
| Q4 25 | — | $171.0M | ||
| Q3 25 | $1.2B | $130.0M | ||
| Q2 25 | $1.2B | $78.0M | ||
| Q1 25 | $613.3M | $-57.0M | ||
| Q4 24 | — | $128.0M | ||
| Q3 24 | $1.2B | $87.4M | ||
| Q2 24 | $985.9M | $42.5M | ||
| Q1 24 | $504.4M | $-68.9M |
自由现金流率ANETTEX
| Q4 25 | — | 13.0% | ||
| Q3 25 | 53.6% | 9.4% | ||
| Q2 25 | 53.3% | 5.2% | ||
| Q1 25 | 30.6% | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 64.5% | 7.2% | ||
| Q2 24 | 58.3% | 3.1% | ||
| Q1 24 | 32.1% | -5.3% |
资本支出强度ANETTEX
| Q4 25 | — | 2.6% | ||
| Q3 25 | 1.3% | 1.7% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 1.4% | 2.9% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.6% | 2.7% |
现金转化率ANETTEX
| Q4 25 | 1.32× | 3.25× | ||
| Q3 25 | 1.49× | 2.37× | ||
| Q2 25 | 1.35× | 1.42× | ||
| Q1 25 | 0.79× | -1.00× | ||
| Q4 24 | 1.29× | — | ||
| Q3 24 | 1.57× | 1.32× | ||
| Q2 24 | 1.49× | 0.47× | ||
| Q1 24 | 0.81× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
