Arista Networks, Inc.

Arista Networks, Inc.

ANET
Arista Networks, Inc.US flagNew York Stock Exchange
175.33
USD
+4.65
- -
220.77BMarket Cap
Arista Networks, Inc.
ANET
(New York Stock Exchange)

Recent

price

175.33

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.17
0.16
0.3
0.75
0.79
1.03
1.42
1.8
1.97
1.91
2.4
3.57
4.74
5.57
7.16
7.72
Revenue per Share
0.04
0.02
0.03
0.11
0.11
0.17
0.37
0.27
0.7
0.52
0.69
1.1
1.69
2.27
2.79
2.96
Basic EPS, GAAP
0.01
0.02
0.01
0.15
0.21
0.14
0.53
0.4
0.78
0.59
0.78
0.37
1.62
2.93
3.38
4.2
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
0.04
0.17
0.24
0.4
0.74
1
1.46
1.67
2
2.56
4.13
6
7.51
8.33
Book Value per Share
- -
0.01
0.06
0.72
0.75
1.01
1.44
1.7
2.29
2.47
3.02
3.67
5.55
7.74
9.5
10.18
Tangible Book Value per Share
821
1,221
1,221
775
1,055
1,100
1,156
1,196
1,221
1,216
1,226
1,226
1,237
1,256
1,258
1,257
Basic Weighted Avg Shares
140
193
361
584
838
1,129
1,646
2,151
2,411
2,318
2,948
4,381
5,860
7,003
9,006
9,710
Sales/Revenue/Turnover
31.75
20.63
18.31
21.49
17.83
21.56
28.57
31.53
33.42
30.19
31.37
34.86
38.52
42.05
42.82
42.79
Operating Margin (%)
1
2
5
10
14
20
21
28
33
35
50
63
71
62
73
82
Depreciation Expense
34
21
42
87
121
184
423
328
860
635
841
1,352
2,087
2,852
3,511
3,720
Net Income, GAAP
9.54
35.26
27.14
28.52
17.06
23.96
10.86
- -
0.28
14.12
9.67
14.5
13.82
12.65
17.37
18.52
Effective Tax Rate (%)
24.34
11.04
11.75
14.87
14.46
16.31
25.71
15.25
35.67
27.38
28.52
30.87
35.62
40.73
38.99
38.32
Profit Margin (%)
- -
131
73
535
739
1,067
1,737
2,108
2,875
3,069
3,703
4,257
6,481
9,179
11,010
11,997
Working Capital
- -
123
43
43
41
40
38
35
83
72
57
44
- -
- -
- -
- -
LT Debt
- -
19
78
556
788
1,108
1,662
2,143
2,895
3,320
3,979
4,886
7,219
9,995
12,370
13,487
Total Equity
- -
36.76
26.7
21.85
17.3
18.72
29.52
- -
31.24
18.89
22.51
29.16
32.07
29.9
28.49
28.38
Return on Invested Capital (%)
- -
40.05
29.67
50.02
52.99
48.58
62.08
- -
55.52
31.96
36.45
47.48
50.31
45.07
41.34
41.25
Return on Capital (%)
- -
8,421.7
195.34
100.53
63.61
53.7
65.4
32.01
57.73
33.26
37.5
48.34
50.58
45.07
41.34
41.25
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,259
1,256
1,259
Market Capitalization
183,398
164,839
154,390

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
15,185
16,387
18,557
Cash, Cash Equivalents & STI
10,106
10,743
12,353
Accounts Receivable, Net
1,489
1,887
1,924
Inventories
2,156
2,247
2,380
Total Current Liabilities
4,667
5,376
6,560
Payables & Accruals
952
1,127
1,050
ST Debt
- -
- -
- -
Deferred Revenue
3,521
4,003
4,910

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.19%
30.52%
23.77%
Free Cash Flow
74.97%
84.99%
15.67%
Net Income, GAAP
50.27%
41.49%
23.12%
Sales/Revenue/Turnover
27.71%
31.54%
28.6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,571
1,690
1,811
1,930
7,003
2025
2,005
2,205
2,308
2,488
9,006
2026
2,709
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
0.53
0.59
0.64
2.27
2025
0.65
0.71
0.68
0.76
2.79
2026
0.81
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Arista Networks Arista Networks, Inc., headquartered in Santa Clara, California and founded in 2004, designs, develops and sells high-performance multilayer network switches and software-driven cloud networking solutions for large data centers, AI clusters, cloud computing, high-performance computing, high-frequency trading, campus and routing environments worldwide. The company's core offerings include its Linux-based Extensible Operating System (EOS) that powers all platforms with features such as programmability, stateful restarts, advanced event management and APIs; data center Ethernet switches across series like 7500R modular chassis, 7280R deep-buffer systems, 7050X/7060X low-latency platforms supporting speeds from 1GbE to 800GbE; cognitive campus switching and Wi-Fi solutions; cloud-grade routing and WAN capabilities; and cognitive network software and services including CloudVision for unified management, DANZ Monitoring Fabric for observability, Arista A-Care support and subscription-based EOS extensions. These products serve cloud titans, financial services firms, service providers and large enterprises with emphasis on availability, automation, analytics, security and low-latency performance. In July 2025, Arista Networks acquired the VeloCloud SD-WAN portfolio from Broadcom to expand its AI-driven enterprise offerings, integrating zero-touch operations, proactive monitoring and automated troubleshooting for client-to-cloud domains including campus switching, Wi-Fi 7 access points and branch WAN; the company simultaneously launched related AI-enhanced products to strengthen its cognitive unified edge portfolio. Recent innovations include the October 2025 unveiling of the 800G R4 Series routers for AI and data center backbones with reduced total cost of ownership, low power use and integrated security; March 2025 introduction of EOS Smart AI Suite featuring Cluster Load Balancing and CloudVision Universal Network Observability for AI workload optimization; and a July 2025 expansion in India via Make in India manufacturing for enterprise networking and AI centers. Arista also reported strong Q3 2025 financial results with revenue of $2.308 billion, up 27.5% year-over-year, reflecting momentum in AI and cloud markets, alongside ongoing stock repurchase programs.

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