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Arista Networks vs Digi International: revenue, profit, margins and growth compared

Arista Networks brought in $9B of revenue in fiscal 2025, Digi International $430.2M in fiscal 2025. Revenue changed by +28.6% at Arista Networks and +1.5% at Digi International on the year before, so Arista Networks grew faster. Arista Networks kept 39.0% of its revenue as net profit, Digi International 9.5%. Free cash flow was $4.3B at Arista Networks and $105.3M at Digi International.

Side by side, latest fiscal year

ANETDGII
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$9B$430.2M
Revenue growth+28.6%+1.5%
Net income$3.5B$40.8M
Net margin39.0%9.5%
Free cash flow$4.3B$105.3M
Free cash flow margin47.2%24.5%
Earnings per share (diluted)$2.75$1.08
Cash$2B$21.9M
Debtn/a$159.2M
Price to earnings75.172.5
Market value$260.5B$3B
Dividend yieldn/an/a
Rank by revenue in sector#9 of 51 · Telecommunications#31 of 51 · Telecommunications

Over the years

Revenue
ANET FY2018: $2.2BANET FY2019: $2.4BANET FY2020: $2.3BANET FY2021: $2.9BANET FY2022: $4.4BANET FY2023: $5.9BANET FY2024: $7BANET FY2025: $9BDGII FY2018: $226.9MDGII FY2019: $254.2MDGII FY2020: $279.3MDGII FY2021: $308.6MDGII FY2022: $388.2MDGII FY2023: $444.8MDGII FY2024: $424MDGII FY2025: $430.2MFY18FY19FY20FY21FY22FY23FY24FY25
ANET $9BDGII $430.2M
Net income
ANET FY2018: $328.1MANET FY2019: $859.9MANET FY2020: $634.6MANET FY2021: $840.9MANET FY2022: $1.4BANET FY2023: $2.1BANET FY2024: $2.9BANET FY2025: $3.5BDGII FY2018: $1.6MDGII FY2019: $10MDGII FY2020: $8.4MDGII FY2021: $10.4MDGII FY2022: $19.4MDGII FY2023: $24.8MDGII FY2024: $22.5MDGII FY2025: $40.8MFY18FY19FY20FY21FY22FY23FY24FY25
ANET $3.5BDGII $40.8M
Net margin
ANET FY2018: 15.3%ANET FY2019: 35.7%ANET FY2020: 27.4%ANET FY2021: 28.5%ANET FY2022: 30.9%ANET FY2023: 35.6%ANET FY2024: 40.7%ANET FY2025: 39.0%DGII FY2018: 0.7%DGII FY2019: 3.9%DGII FY2020: 3.0%DGII FY2021: 3.4%DGII FY2022: 5.0%DGII FY2023: 5.6%DGII FY2024: 5.3%DGII FY2025: 9.5%FY18FY19FY20FY21FY22FY23FY24FY25
ANET 39.0%DGII 9.5%
Revenue growth
ANET FY2019: +12.1%ANET FY2020: -3.9%ANET FY2021: +27.2%ANET FY2022: +48.6%ANET FY2023: +33.8%ANET FY2024: +19.5%ANET FY2025: +28.6%DGII FY2019: +12.0%DGII FY2020: +9.9%DGII FY2021: +10.5%DGII FY2022: +25.8%DGII FY2023: +14.6%DGII FY2024: -4.7%DGII FY2025: +1.5%FY19FY20FY21FY22FY23FY24FY25
ANET +28.6%DGII +1.5%
Free cash flow
ANET FY2018: $479.3MANET FY2019: $947.3MANET FY2020: $719.7MANET FY2021: $951.1MANET FY2022: $448.2MANET FY2023: $2BANET FY2024: $3.7BANET FY2025: $4.3BDGII FY2018: -$4.6MDGII FY2019: $19.6MDGII FY2020: $33.6MDGII FY2021: $55.5MDGII FY2022: $35.8MDGII FY2023: $32.4MDGII FY2024: $80.9MDGII FY2025: $105.3MFY18FY19FY20FY21FY22FY23FY24FY25
ANET $4.3BDGII $105.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Arista Networks and Digi International

Which is bigger by revenue, Arista Networks or Digi International?

Arista Networks is bigger by revenue: $9B in fiscal 2025, against $430.2M for Digi International in fiscal 2025.

Which keeps more of its revenue as profit, Arista Networks or Digi International?

Arista Networks had a net margin of 39.0% in fiscal 2025; Digi International had 9.5% in fiscal 2025.

Which grew revenue faster, Arista Networks or Digi International?

In their latest fiscal years revenue changed by +28.6% at Arista Networks and +1.5% at Digi International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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