Arista Networks, Inc. ANET SPXAI
Technology · Computer Hardware · United States
Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center, cloud and AI networking, cognitive adjacencies, and cognitive network software and services. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, cloud service providers, financial services organizations, government agencies, media and entertainment, healthcare, oil and gas, education, manufacturing, industrial, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. Arista Networks, Inc. was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. The company was incorporated in 2004 and is headquartered in Santa Clara, California.
READ MORE ›$159.47
+84.06% 1Y
Market & Price
Market Cap
$200.80B
Current Price
$159.47
High / Low (52W)
$177.73 / $86.25
Beta
1.67
Valuation
Stock P/E
54.99
Industry PE
32.74
Forward P/E
35.84
PEG Ratio
1.98
Book Value
$10.71
Price to Book
14.89
P/S
20.68
EV/EBITDA
44.48
Dividend Yield
-
Profitability & Returns
ROCE
27.40%
ROE
31.52%
ROA
14.36%
Profit Margin
38.32%
Op Margin
42.74%
EPS (Latest Qtr)
$0.80
EPS (TTM)
$2.90
Balance Sheet & Liquidity
Debt/Equity
-
Quick Ratio
2.18
Current Ratio
2.83
Debt
$0
Total Assets
$19.45B
Current Assets
$16.39B
Working Capital
$11.01B
Ownership
Promoter Holding
17.27%
Chg in Prom Hold
-0.00%
FII / Inst Holding
72.81%
Chg in FII Hold
-0.01%
Financial Snapshot
Enterprise Value
$188.45B
Total Revenue (TTM)
$9.71B
EBITDA
$4.24B
Free Cash Flow
$4.36B
Operating Cash Flow
$5.42B
Shares Outstanding
1.26B
Gross Margin
63.54%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
27.15%
Profit 5Y
37.44%
Revenue (YoY)
35.10%
Earnings (YoY)
25.00%
PROS
- Strong return on equity of 31.5%.
- Healthy ROCE of 27.4%.
- Excellent profit margin of 38.3%.
- Compounding revenue at 27.1% over 5 years.
- Profit CAGR of 37.4% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 55.0.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ANET Arista Networks, Inc. SPXAI | 159.47 | 54.99 | $200.80B | - | 27.40% | 31.52% | 27.15% | 37.44% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 335.48M | 405.21M | 437.63M | 467.87M | 472.49M | 519.85M | 563.31M | 595.73M | 595.42M | 608.32M | 654.41M | 552.55M | 523.03M | 540.57M | 605.43M | 648.48M | 667.56M | 707.32M | 748.70M | 877.07M | 1.05B | 1.18B | 1.35B | 1.46B | 1.51B | 1.57B | 1.69B | - | 2.00B | 2.20B | 2.31B | 2.49B | 2.71B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 728.70M | 766.20M | 818.10M | 924.00M | 1.03B |
| Gross Profit | 127.89M | 141.75M | 156.17M | 155.09M | 171.45M | 186.42M | 210.16M | 214.21M | 259.78M | 280.62M | 307.17M | 302.92M | 333.88M | 361.58M | 374.99M | 380.57M | 390.19M | 417.27M | 356.30M | 338.25M | 344.09M | 384.96M | 414.58M | 425.27M | 454.18M | 478.62M | 553.85M | 643.26M | 709.98M | 804.51M | 884.13M | 942.42M | 1.00B | 1.10B | - | 1.28B | 1.44B | 1.49B | 1.56B | 1.68B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 417.30M | 452.40M | 512.00M | 530.90M | 519.00M |
| Operating Income | 32.86M | 31.30M | 49.40M | 49.73M | 53.16M | 63.02M | 77.50M | 73.42M | 116.63M | 140.83M | 139.39M | 138.74M | -239.80M | 180.77M | 193.64M | 194.34M | 206.84M | 228.61M | 175.99M | 149.66M | 166.99M | 188.40M | 194.64M | 206.29M | 219.37M | 233.29M | 277.99M | 362.85M | 417.35M | 484.58M | 530.06M | 602.70M | 660.20M | 699.60M | - | 858.80M | 986.20M | 978.20M | 1.03B | 1.16B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 872.60M | 999.00M | 1.00B | 1.06B | 1.18B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 955.00M | 1.08B | 1.08B | 1.14B | 1.27B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 141.20M | 191.40M | 224.10M | 181.60M | 248.50M |
| Net Income | 24.00M | 28.69M | 43.92M | 35.24M | 38.90M | 51.26M | 58.78M | 82.96M | 102.69M | 133.72M | 103.83M | 144.54M | -155.27M | 168.52M | 170.32M | 201.03M | 189.25M | 208.90M | 260.69M | 138.43M | 144.79M | 168.38M | 182.96M | 180.37M | 196.89M | 224.31M | 272.26M | 299.10M | 354.00M | 436.47M | 491.88M | 545.33M | 637.70M | 665.40M | - | 813.80M | 888.80M | 853.00M | 955.80M | 1.02B |
| Diluted EPS | 0.33 | 0.39 | 0.60 | 0.48 | 0.53 | 0.69 | 0.79 | 1.07 | 1.30 | 1.68 | 1.29 | 1.79 | -2.08 | 2.08 | 2.10 | 2.47 | 2.33 | 2.59 | 3.25 | 1.73 | 1.83 | 2.12 | 2.31 | 0.57 | 0.62 | 0.70 | 0.85 | 0.94 | 1.13 | 1.38 | 1.55 | 1.72 | 0.50 | 0.52 | - | 0.64 | 0.70 | 0.67 | 0.75 | 0.80 |
| R&D Expense | 49.95M | 58.75M | 57.41M | 62.52M | 69.02M | 70.65M | 71.40M | 81.61M | 81.19M | 79.61M | 107.18M | 102.36M | 104.08M | 117.59M | 118.44M | 119.67M | 114.30M | 118.73M | 110.06M | 113.15M | 111.54M | 128.05M | 133.85M | 132.49M | 143.29M | 153.09M | 172.01M | 178.16M | 187.81M | 201.41M | 229.68M | 212.35M | 208.40M | 267.50M | 235.80M | 266.40M | 296.50M | 326.00M | - | 343.70M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 1.13B | 1.65B | 2.15B | 2.41B | 2.32B | - | 4.38B | 5.86B | 7.00B | 9.01B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | 1.07B | 1.71B | 2.23B | 2.51B | - |
| Gross Profit | 132.16M | 238.54M | 392.09M | 543.56M | 723.12M | 1.06B | 1.37B | 1.54B | 1.48B | - | 2.68B | 3.63B | 4.49B | 5.77B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 1.15B | 1.37B | 1.55B | 1.91B |
| Operating Income | 39.90M | 66.15M | 125.51M | 149.31M | 243.41M | 470.27M | 273.35M | 805.77M | 699.68M | - | 1.53B | 2.26B | 2.94B | 3.86B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 1.59B | 2.33B | 3.01B | 3.93B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | 1.58B | 2.42B | 3.27B | 4.25B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 229.35M | 334.70M | 413.00M | 738.30M |
| Net Income | 21.35M | 42.46M | 86.85M | 121.10M | 184.19M | 423.20M | 328.12M | 859.87M | 634.56M | - | 1.35B | 2.09B | 2.85B | 3.51B |
| Diluted EPS | 0.39 | 0.72 | 1.29 | 1.67 | 2.50 | 5.35 | 4.06 | 2.66 | 2.00 | - | 1.07 | 1.65 | 2.23 | 2.75 |
| R&D Expense | 55.16M | 98.59M | 148.91M | 209.45M | 273.58M | 349.59M | 442.47M | 462.76M | 486.59M | 586.75M | 728.39M | 854.90M | 996.70M | 1.24B |
Compounded Sales Growth
| 5 Years: | 27.15% |
| 1 Year: | 35.10% |
Compounded Profit Growth
| 5 Years: | 37.44% |
| 1 Year: | 25.00% |
Stock Price Performance
| 1 Year: | +84.06% |
| 6 Months: | +27.54% |
| 3 Months: | +19.45% |
| 1 Month: | -5.46% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 364.52M | 811.02M | 1.16B | 1.73B | 2.46B | 3.08B | 4.19B | 4.74B | - | 6.78B | 9.96B | 14.04B | 19.45B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 5.55B | 8.40B | 11.91B | 16.39B |
| Cash & Equivalents | 70.72M | 88.66M | 113.66M | 240.03M | 687.33M | 567.92M | 859.19M | 649.95M | 1.11B | 893.22M | - | 671.71M | 1.94B | 2.76B | 1.96B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | 1.29B | 1.95B | 1.83B | 2.25B |
| Receivables | - | - | - | - | - | - | - | - | - | - | 516.51M | 923.10M | 1.03B | 1.14B | - |
| Total Liabilities | - | - | 286.79M | 255.37M | 371.74M | 621.19M | 798.95M | 938.59M | 1.29B | 1.42B | - | 1.89B | 2.74B | 4.05B | 7.08B |
| Current Liabilities | - | - | 209.34M | 144.37M | 235.01M | 459.55M | 529.90M | 606.50M | 597.07M | 768.24M | - | 1.29B | 1.92B | 2.73B | 5.38B |
| Long Term Debt | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | 56.53M | 43.96M | - | - | - |
| Total Equity | -8.19M | 18.91M | 77.73M | 555.66M | 788.15M | 1.11B | 1.66B | 2.14B | 2.89B | 3.32B | - | 4.89B | 7.22B | 9.99B | 12.37B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 1.23B | 1.25B | 1.26B | 1.26B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 26.31M | 34.65M | 131.88M | 237.78M | 174.29M | 631.63M | 503.12M | 963.03M | 735.11M | - | 492.81M | 2.03B | 3.71B | 4.37B |
| Investing Cash Flow | -12.35M | -19.49M | -249.36M | 184.17M | -325.77M | -391.32M | -755.11M | -284.07M | -608.80M | - | 216.33M | -687.50M | -2.46B | -3.58B |
| Financing Cash Flow | 3.98M | 9.89M | 243.98M | 25.85M | 32.74M | 51.47M | 42.85M | -217.96M | -346.34M | - | -654.60M | -83.80M | -421.80M | -1.60B |
| Capital Expenditure | -3.31M | -20.32M | -13.13M | -19.99M | -21.42M | -15.28M | -23.83M | -15.75M | - | - | -44.64M | -34.40M | -32.00M | -119.50M |
| Free Cash Flow | 22.99M | 14.33M | 118.74M | 217.79M | 152.88M | 616.35M | 479.29M | 947.28M | - | - | 448.17M | 2.00B | 3.68B | 4.25B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | 54.54M | 1.26B | 829.10M | -800.20M |
| Share Buybacks | - | - | - | - | - | 0 | 0 | 266.14M | 395.17M | 411.64M | 670.29M | 112.30M | 423.60M | 1.60B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 64.0% | 64.5% | 63.8% | 64.1% | 63.9% | - | 61.1% | 61.9% | 64.1% | 64.1% |
| Operating Margin % | - | - | - | - | 21.6% | 28.6% | 12.7% | 33.4% | 30.2% | - | 34.9% | 38.5% | 42.0% | 42.8% |
| Net Margin % | - | - | - | - | 16.3% | 25.7% | 15.3% | 35.7% | 27.4% | - | 30.9% | 35.6% | 40.7% | 39.0% |
| ROE % | 112.9% | 54.6% | 15.6% | 15.4% | 16.6% | 25.5% | 15.3% | 29.7% | 19.1% | - | 27.7% | 28.9% | 28.5% | 28.4% |
| ROCE % | - | 42.6% | 18.8% | 16.1% | 19.2% | 24.4% | 11.0% | 22.5% | 17.6% | - | 27.9% | 28.1% | 26.0% | 27.4% |
Shareholding Pattern
Insiders
17.27%
Institutions
72.81%
Public Float
88.01%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.30% | 91.91M | $14.66B |
| 2 | Vanguard Capital Management LLC | 5.42% | 68.27M | $10.89B |
| 3 | FMR, LLC | 4.15% | 52.31M | $8.34B |
| 4 | State Street Corporation | 3.71% | 46.76M | $7.46B |
| 5 | Price (T.Rowe) Associates Inc | 2.33% | 29.32M | $4.68B |
| 6 | Geode Capital Management, LLC | 2.16% | 27.23M | $4.34B |
| 7 | Vanguard Portfolio Management LLC | 2.05% | 25.84M | $4.12B |
| 8 | Cresset Asset Management, LLC | 1.64% | 20.69M | $3.30B |
| 9 | Morgan Stanley | 1.47% | 18.51M | $2.95B |
| 10 | Capital Research Global Investors | 1.17% | 14.76M | $2.35B |
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