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Side-by-side financial comparison of Arista Networks (ANET) and Ubiquiti Inc. (UI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Arista Networks is the larger business by last-quarter revenue ($2.5B vs $814.9M, roughly 3.1× Ubiquiti Inc.). Arista Networks runs the higher net margin — 38.4% vs 28.7%, a 9.8% gap on every dollar of revenue. On growth, Ubiquiti Inc. posted the faster year-over-year revenue change (35.8% vs 28.9%). Over the past eight quarters, Ubiquiti Inc.'s revenue compounded faster (28.6% CAGR vs 25.8%).
Arista Networks, Inc. is an American computer networking company headquartered in Santa Clara, California. The company designs and sells multilayer network switches to deliver software-defined networking (SDN) for large datacenter, cloud computing, high-performance computing, and high-frequency trading environments. These products include 10/25/40/50/100/200/400/800 gigabit low-latency cut-through Ethernet switches. Arista's Linux-based network operating system, Extensible Operating System (E...
Ubiquiti Inc. is an American technology company founded in San Jose, California, in 2003. Now based in New York City, Ubiquiti manufactures and sells wireless data communication and wired products for enterprises and homes under multiple brand names. On October 13, 2011, Ubiquiti had its initial public offering (IPO) at 7.04 million shares, at $15 per share, raising $30.5 million.
ANET vs UI — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $814.9M |
| Net Profit | $955.8M | $233.6M |
| Gross Margin | 62.9% | 45.9% |
| Operating Margin | 41.5% | 35.9% |
| Net Margin | 38.4% | 28.7% |
| Revenue YoY | 28.9% | 35.8% |
| Net Profit YoY | 19.3% | 70.8% |
| EPS (diluted) | $0.74 | $3.86 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $2.5B | $814.9M | ||
| Q3 25 | $2.3B | $733.8M | ||
| Q2 25 | $2.2B | $759.2M | ||
| Q1 25 | $2.0B | $664.2M | ||
| Q4 24 | $1.9B | $599.9M | ||
| Q3 24 | $1.8B | $550.3M | ||
| Q2 24 | $1.7B | $507.5M | ||
| Q1 24 | $1.6B | $493.0M |
| Q4 25 | $955.8M | $233.6M | ||
| Q3 25 | $853.0M | $207.9M | ||
| Q2 25 | $888.8M | $266.7M | ||
| Q1 25 | $813.8M | $180.4M | ||
| Q4 24 | $801.0M | $136.8M | ||
| Q3 24 | $747.9M | $128.0M | ||
| Q2 24 | $665.4M | $103.8M | ||
| Q1 24 | $637.7M | $76.3M |
| Q4 25 | 62.9% | 45.9% | ||
| Q3 25 | 64.6% | 46.0% | ||
| Q2 25 | 65.2% | 45.1% | ||
| Q1 25 | 63.7% | 44.5% | ||
| Q4 24 | 63.8% | 41.2% | ||
| Q3 24 | 64.2% | 42.1% | ||
| Q2 24 | 64.9% | 40.2% | ||
| Q1 24 | 63.7% | 35.3% |
| Q4 25 | 41.5% | 35.9% | ||
| Q3 25 | 42.4% | 35.7% | ||
| Q2 25 | 44.7% | 34.4% | ||
| Q1 25 | 42.8% | 34.2% | ||
| Q4 24 | 41.4% | 29.8% | ||
| Q3 24 | 43.4% | 30.7% | ||
| Q2 24 | 41.4% | 27.3% | ||
| Q1 24 | 42.0% | 22.6% |
| Q4 25 | 38.4% | 28.7% | ||
| Q3 25 | 37.0% | 28.3% | ||
| Q2 25 | 40.3% | 35.1% | ||
| Q1 25 | 40.6% | 27.2% | ||
| Q4 24 | 41.5% | 22.8% | ||
| Q3 24 | 41.3% | 23.3% | ||
| Q2 24 | 39.4% | 20.5% | ||
| Q1 24 | 40.6% | 15.5% |
| Q4 25 | $0.74 | $3.86 | ||
| Q3 25 | $0.67 | $3.43 | ||
| Q2 25 | $0.70 | $4.40 | ||
| Q1 25 | $0.64 | $2.98 | ||
| Q4 24 | $-4.17 | $2.26 | ||
| Q3 24 | $2.33 | $2.12 | ||
| Q2 24 | $2.08 | $1.72 | ||
| Q1 24 | $1.99 | $1.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.0B | $302.8M |
| Total DebtLower is stronger | — | $47.5M |
| Stockholders' EquityBook value | $12.4B | $1.0B |
| Total Assets | $19.4B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $2.0B | $302.8M | ||
| Q3 25 | $2.3B | $177.2M | ||
| Q2 25 | $2.2B | $149.7M | ||
| Q1 25 | $1.8B | $151.0M | ||
| Q4 24 | $2.8B | $133.1M | ||
| Q3 24 | $3.2B | $165.2M | ||
| Q2 24 | $2.4B | $126.3M | ||
| Q1 24 | $2.1B | $102.5M |
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
| Q4 25 | $12.4B | $1.0B | ||
| Q3 25 | $11.9B | $828.4M | ||
| Q2 25 | $10.9B | $668.3M | ||
| Q1 25 | $10.1B | $436.1M | ||
| Q4 24 | $10.0B | $290.4M | ||
| Q3 24 | $9.2B | $188.1M | ||
| Q2 24 | $8.4B | $95.1M | ||
| Q1 24 | $7.9B | $25.9M |
| Q4 25 | $19.4B | $1.6B | ||
| Q3 25 | $18.0B | $1.5B | ||
| Q2 25 | $16.5B | $1.5B | ||
| Q1 25 | $14.5B | $1.3B | ||
| Q4 24 | $14.0B | $1.2B | ||
| Q3 24 | $12.8B | $1.2B | ||
| Q2 24 | $11.6B | $1.2B | ||
| Q1 24 | $10.6B | $1.2B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 33.92× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $263.9M |
| Free Cash FlowOCF − Capex | — | $260.3M |
| FCF MarginFCF / Revenue | — | 31.9% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 0.4% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.32× | 1.13× |
| TTM Free Cash FlowTrailing 4 quarters | — | $699.5M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.3B | $263.9M | ||
| Q3 25 | $1.3B | $198.5M | ||
| Q2 25 | $1.2B | $130.4M | ||
| Q1 25 | $641.7M | $123.6M | ||
| Q4 24 | $1.0B | $152.4M | ||
| Q3 24 | $1.2B | $233.7M | ||
| Q2 24 | $989.0M | $231.4M | ||
| Q1 24 | $513.8M | $163.9M |
| Q4 25 | — | $260.3M | ||
| Q3 25 | $1.2B | $193.3M | ||
| Q2 25 | $1.2B | $125.2M | ||
| Q1 25 | $613.3M | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | $1.2B | $231.1M | ||
| Q2 24 | $985.9M | $229.5M | ||
| Q1 24 | $504.4M | $160.6M |
| Q4 25 | — | 31.9% | ||
| Q3 25 | 53.6% | 26.3% | ||
| Q2 25 | 53.3% | 16.5% | ||
| Q1 25 | 30.6% | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | 64.5% | 42.0% | ||
| Q2 24 | 58.3% | 45.2% | ||
| Q1 24 | 32.1% | 32.6% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 1.4% | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 0.6% | 0.7% |
| Q4 25 | 1.32× | 1.13× | ||
| Q3 25 | 1.49× | 0.95× | ||
| Q2 25 | 1.35× | 0.49× | ||
| Q1 25 | 0.79× | 0.68× | ||
| Q4 24 | 1.29× | 1.11× | ||
| Q3 24 | 1.57× | 1.83× | ||
| Q2 24 | 1.49× | 2.23× | ||
| Q1 24 | 0.81× | 2.15× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
ANET
| Products | $2.1B | 84% |
| Services | $392.1M | 16% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
