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Arista Networks vs F5: ANET and FFIV compared
Arista Networks is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $865M for F5 (Q3 FY26). Arista Networks is growing faster (+58% against +11% a year earlier). Arista Networks is more profitable, with an operating margin of 44.9% against 24.7%.
Where the money goes: ANET and FFIV
Arista Networks (ANET) · Q3 2026
Arista Networks, Q3 2026: revenue $3.7B (+58% year over year), operating margin 44.9%, net earnings $1.6B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
F5 (FFIV) · Q3 FY26
F5, Q3 FY26: revenue $865M (+11% year over year), operating margin 24.7%, net earnings $208M, operating cash flow $316M. The chart follows the revenue to costs, profit and cash.
| Arista Networks (ANET) | F5 (FFIV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $3.7B | $865M |
| Revenue growth, Y/Y | +58% | +11% |
| Gross margin | 63.6% | 82.2% |
| Operating margin | 44.9% | 24.7% |
| Net earnings | $1.6B | $208M |
| Net margin | 42.7% | 24.1% |
| Operating cash flow | $1.2B | $316M |
| Free cash flow | $1.1B | $281M |
| Market value | $217.4B | $17.9B |
| P/E | 45.8× | 24.6× |
| Analysts’ mean target | $250.00 | $444.67 |
Where the revenue comes from
Arista Networks
- Product: $3.2B (87%)
- Service: $468M (13%)
F5
- Product: $463M (54%)
- Service: $402M (46%)
Questions
Which is bigger, Arista Networks or F5?
Arista Networks is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $865M for F5 (Q3 FY26).
Is Arista Networks or F5 growing faster?
Arista Networks is growing faster (+58% against +11% a year earlier).
Which is more profitable, Arista Networks or F5?
Arista Networks is more profitable, with an operating margin of 44.9% against 24.7%.
More: Arista Networks earnings · how Arista Networks makes money · F5 earnings · how F5 makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.