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A10 Networks vs Cisco Systems: revenue, profit, margins and growth compared

A10 Networks brought in $290.6M of revenue in fiscal 2025, Cisco Systems $63.3B in fiscal 2026. Revenue changed by +11.0% at A10 Networks and +11.8% at Cisco Systems on the year before, so Cisco Systems grew faster. A10 Networks kept 14.5% of its revenue as net profit, Cisco Systems 21.0%. Free cash flow was $64.8M at A10 Networks and $12.8B at Cisco Systems.

Side by side, latest fiscal year

ATENCSCO
Fiscal year endedFY2025 (December 31, 2025)FY2026 (July 25, 2026)
Revenue$290.6M$63.3B
Revenue growth+11.0%+11.8%
Net income$42.1M$13.3B
Net margin14.5%21.0%
Free cash flow$64.8M$12.8B
Free cash flow margin22.3%20.2%
Earnings per share (diluted)$0.57$3.33
Cash$71.1M$7.2B
Debt$218.8M$22.9B
Price to earnings45.132.0
Market value$1.9B$420.6B
Dividend yield0.93%1.56%
Rank by revenue in sector#34 of 51 · Telecommunications#5 of 51 · Telecommunications

Over the years

Revenue
ATEN FY2018: $232.2MATEN FY2019: $212.6MATEN FY2020: $225.5MATEN FY2021: $250MATEN FY2022: $280.3MATEN FY2022: $251.7MATEN FY2024: $261.7MATEN FY2025: $290.6MCSCO FY2019: $51.9BCSCO FY2020: $49.3BCSCO FY2021: $49.8BCSCO FY2022: $51.6BCSCO FY2023: $57BCSCO FY2024: $53.8BCSCO FY2025: $56.7BCSCO FY2026: $63.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN $290.6MCSCO $63.3B
Net income
ATEN FY2018: -$27.6MATEN FY2019: -$17.8MATEN FY2020: $17.8MATEN FY2021: $94.9MATEN FY2022: $46.9MATEN FY2022: $40MATEN FY2024: $50.1MATEN FY2025: $42.1MCSCO FY2019: $11.6BCSCO FY2020: $11.2BCSCO FY2021: $10.6BCSCO FY2022: $11.8BCSCO FY2023: $12.6BCSCO FY2024: $10.3BCSCO FY2025: $10.2BCSCO FY2026: $13.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN $42.1MCSCO $13.3B
Net margin
ATEN FY2018: -11.9%ATEN FY2019: -8.4%ATEN FY2020: 7.9%ATEN FY2021: 37.9%ATEN FY2022: 16.7%ATEN FY2022: 15.9%ATEN FY2024: 19.2%ATEN FY2025: 14.5%CSCO FY2019: 22.4%CSCO FY2020: 22.7%CSCO FY2021: 21.3%CSCO FY2022: 22.9%CSCO FY2023: 22.1%CSCO FY2024: 19.2%CSCO FY2025: 18.0%CSCO FY2026: 21.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN 14.5%CSCO 21.0%
Revenue growth
ATEN FY2019: -8.4%ATEN FY2020: +6.1%ATEN FY2021: +10.9%ATEN FY2022: +12.1%ATEN FY2022: -10.2%ATEN FY2024: +4.0%ATEN FY2025: +11.0%CSCO FY2020: -5.0%CSCO FY2021: +1.0%CSCO FY2022: +3.5%CSCO FY2023: +10.6%CSCO FY2024: -5.6%CSCO FY2025: +5.3%CSCO FY2026: +11.8%FY19FY20FY21FY22FY23FY24FY25FY26
ATEN +11.0%CSCO +11.8%
Free cash flow
ATEN FY2018: -$5.5MATEN FY2019: -$4.8MATEN FY2020: $51.7MATEN FY2021: $44.9MATEN FY2022: $55.3MATEN FY2022: $33.6MATEN FY2024: $78.2MATEN FY2025: $64.8MCSCO FY2019: $14.9BCSCO FY2020: $14.7BCSCO FY2021: $14.8BCSCO FY2022: $12.7BCSCO FY2023: $19BCSCO FY2024: $10.2BCSCO FY2025: $13.3BCSCO FY2026: $12.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ATEN $64.8MCSCO $12.8B

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

Questions about A10 Networks and Cisco Systems

Which is bigger by revenue, A10 Networks or Cisco Systems?

Cisco Systems is bigger by revenue: $63.3B in fiscal 2026, against $290.6M for A10 Networks in fiscal 2025.

Which keeps more of its revenue as profit, A10 Networks or Cisco Systems?

A10 Networks had a net margin of 14.5% in fiscal 2025; Cisco Systems had 21.0% in fiscal 2026.

Which grew revenue faster, A10 Networks or Cisco Systems?

In their latest fiscal years revenue changed by +11.0% at A10 Networks and +11.8% at Cisco Systems.

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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