| Stage | CLS | % of rev | ANET | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.8B | 100.00% | $3.7B | 100.00% | CLS ×1.59 |
| Gross profit | $641M | 10.99% | $2.3B | 63.59% | ANET +52.6pp |
| Operating income | $460M | 7.89% | $1.6B | 44.90% | ANET +37.0pp |
| Pre-tax income | $456M | 7.82% | $1.9B | 52.37% | ANET +44.6pp |
| Net income | $397M | 6.81% | $1.6B | 42.66% | ANET +35.8pp |
| Stage | CLS | ANET | Gap · A − B |
|---|---|---|---|
| Revenue | $5.8B100.00% | $3.7B100.00% | CLS ×1.59 |
| Gross profit | 10.99%$641M | 63.59%$2.3B | ANET +52.6pp |
| Operating income | 7.89%$460M | 44.90%$1.6B | ANET +37.0pp |
| Pre-tax income | 7.82%$456M | 52.37%$1.9B | ANET +44.6pp |
| Net income | 6.81%$397M | 42.66%$1.6B | ANET +35.8pp |
No shared counterparties.