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Arista Networks vs Lantronix: revenue, profit, margins and growth compared

Arista Networks brought in $9B of revenue in fiscal 2025, Lantronix $120.9M in fiscal 2026. Revenue changed by +28.6% at Arista Networks and -1.6% at Lantronix on the year before, so Arista Networks grew faster. Arista Networks kept 39.0% of its revenue as net profit, Lantronix -3.5%. Free cash flow was $4.3B at Arista Networks and $9.3M at Lantronix.

Side by side, latest fiscal year

ANETLTRX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$9B$120.9M
Revenue growth+28.6%-1.6%
Net income$3.5B-$4.2M
Net margin39.0%-3.5%
Free cash flow$4.3B$9.3M
Free cash flow margin47.2%7.7%
Earnings per share (diluted)$2.75-$0.10
Cash$2B$60.5M
Debtn/a$0
Price to earnings75.1n/a
Market value$260.5B$279.3M
Dividend yieldn/an/a
Rank by revenue in sector#9 of 51 · Telecommunications#40 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: $9BLTRX FY2019: $46.9MLTRX FY2020: $59.9MLTRX FY2021: $71.5MLTRX FY2022: $129.7MLTRX FY2023: $131.2MLTRX FY2024: $160.3MLTRX FY2025: $122.9MLTRX FY2026: $120.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ANET $9BLTRX $120.9M
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: $3.5BLTRX FY2019: -$408KLTRX FY2020: -$10.7MLTRX FY2021: -$4MLTRX FY2022: -$5.4MLTRX FY2023: -$9MLTRX FY2024: -$4.5MLTRX FY2025: -$11.4MLTRX FY2026: -$4.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ANET $3.5BLTRX -$4.2M
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%LTRX FY2019: -0.9%LTRX FY2020: -17.9%LTRX FY2021: -5.7%LTRX FY2022: -4.1%LTRX FY2023: -6.8%LTRX FY2024: -2.8%LTRX FY2025: -9.3%LTRX FY2026: -3.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ANET 39.0%LTRX -3.5%
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%LTRX FY2020: +27.7%LTRX FY2021: +19.4%LTRX FY2022: +81.4%LTRX FY2023: +1.2%LTRX FY2024: +22.2%LTRX FY2025: -23.3%LTRX FY2026: -1.6%FY19FY20FY21FY22FY23FY24FY25FY26
ANET +28.6%LTRX -1.6%
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: $4.3BLTRX FY2019: -$2.6MLTRX FY2020: -$3.1MLTRX FY2021: $3.5MLTRX FY2022: -$11.5MLTRX FY2023: -$2.4MLTRX FY2024: $17.1MLTRX FY2025: $6.8MLTRX FY2026: $9.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ANET $4.3BLTRX $9.3M

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

Questions about Arista Networks and Lantronix

Which is bigger by revenue, Arista Networks or Lantronix?

Arista Networks is bigger by revenue: $9B in fiscal 2025, against $120.9M for Lantronix in fiscal 2026.

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

Arista Networks had a net margin of 39.0% in fiscal 2025; Lantronix had -3.5% in fiscal 2026.

Which grew revenue faster, Arista Networks or Lantronix?

In their latest fiscal years revenue changed by +28.6% at Arista Networks and -1.6% at Lantronix.

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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