Arista Networks, Inc.

US$170.80As of Sun 8 Nov 2026, 12:00 UTC

NYSE:ANETTechnology

Country USA

PE (Fwd) •••

TSR 10Y CAGR 41.43%

Div yield —

ROE 33.52%

Computer Hardware

Beta (5Y) 1.64

PE TTM 45.79

TSR TTM 8.31%

Mkt cap US$215.8B

ROIC 239.89%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$188

9.94%

(31.36%)

Sell 1|3|1|8|8

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

21.66

Revenue$B

27.82

29.37

31.55

34.50

36.38

39.53

42.76

46.67

51.05

55.98

23.94

9.00%

7.91%

16.44

Revenue growth%

16.11

17.69

15.70

17.54

19.05

20.44

18.12

18.67

17.56

14.78

28.52

18.12

17.63

28.33

Gross margin%

16.58

16.51

17.88

18.35

15.59

14.68

13.03

10.94

8.98

7.19

8.63

10.94

15.13

23.79

Operating margin%

25.55

23.81

22.04

22.82

23.86

21.28

22.16

24.86

26.70

28.67

27.46

24.86

23.83

19.03

Net margin%

23.02

22.51

23.86

24.36

24.65

22.15

24.20

26.82

27.94

29.84

11.39

26.82

24.28

28.37

P/E ratio (avg)x

19.34

22.25

23.35

26.42

30.41

31.50

31.66

32.34

38.73

44.83

31.78

32.34

30.95

31.84

EV/EBITx

10.40

10.65

11.18

9.699

8.578

8.699

7.739

6.739

6.082

5.667

27.58

6.739

8.639

14.98

FCF yield (avg)%

14.14

13.32

10.79

9.02

10.38

8.25

6.78

4.34

1.84

0.40

20.93

4.34

8.64

24.44

FCF margin%

17.23

19.10

21.26

19.06

18.04

19.46

20.40

19.98

19.78

17.60

26.83

19.78

19.28

1.021

FCF / Net incomex

1.782

1.990

1.806

1.965

2.033

1.985

1.900

2.004

1.930

1.829

0.218

1.930

1.947

9.26

ROIC%

26.12

27.91

28.26

28.56

29.49

28.04

29.12

27.58

29.51

31.07

10.30

29.12

28.41

22.85

Return on equity%

28.24

28.01

27.03

29.08

27.08

25.32

27.76

25.98

27.55

26.86

25.53

26.86

27.32

7.49

Return on assets%

17.23

18.89

19.40

21.44

23.40

26.35

23.67

26.44

24.99

24.18

13.24

24.99

23.54

12.87

EPS$

4.89

5.33

5.44

5.47

5.66

5.46

5.81

5.27

5.24

4.97

13.15

(2.57%)

(0.72%)

—

26.02

EPS growth%

12.78

14.98

16.03

16.91

17.80

20.44

19.96

22.29

20.78

19.84

11.90

20.44

18.82

12.11

Bookvalue per sh$

2.40

2.70

2.48

2.46

2.68

2.88

2.86

2.78

3.01

3.22

5.96

3.73%

3.40%

—

9.88

FCF per share$

13.69

13.36

12.45

13.87

13.96

12.43

11.71

12.89

11.63

11.77

11.31

(3.36%)

(1.72%)

—

13.71

Dividend per sh$

16.50

15.23

16.41

15.26

15.03

13.59

13.55

12.25

12.86

12.05

12.24

(4.32%)

(2.70%)

—

10.95

Div yield (avg)%

28.01

29.07

30.25

28.62

31.57

33.64

31.07

30.42

29.20

28.92

9.00

30.42

29.73

21.12

Payout ratio%

27.69

27.97

28.92

31.26

33.73

35.28

37.76

40.34

41.79

43.24

7.28

40.34

34.50

1.297

Shares (diluted)B

1.175

1.306

1.169

1.295

1.382

1.380

1.301

1.266

1.140

1.042

1.242

(5.48%)

(1.85%)

2.66

Buyback yield%

19.28

20.83

18.13

20.36

22.55

20.11

21.89

22.38

21.03

21.20

18.84

21.20

20.93

1.741

D/E ratiox

2.243

2.438

2.553

2.554

2.868

3.303

3.347

3.481

3.688

3.746

0.584

3.481

3.085

19.51

Enterprise value$B

18.00

21.42

23.93

24.12

23.36

24.77

25.30

28.94

30.33

2.472

4.69%

6.61%

29.95

LT debt$B

58.33

58.40

64.13

73.29

82.37

99.42

109.3

111.2

133.3

133.7

39.48

10.18%

10.54%

Peers (US$215.8B)

Cap (US$)

Dell Technologies Inc.

208.9B

19.17x

Sandisk Corporation

118.8B

6.718x

Western Digital…

98.74B

10.24x

Sony Group Corporation

153.6B

—

Capital

TTM

10Y

Leveragex

0.654

0.567

0.465

EBIT/Intx

0.891

0.200

0.188

Own earn%

121.62

51.38

72.20

Sh yield%

13.62

52.80

50.18

Owners

Insiders/Inst%

3.96

70.44

Short interest%

2.21

SBC / revenue%

4.75

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

21–29

$1 testx

—

Incr. ROIC%

Arista Networks, Inc. develops, markets and sells client to cloud networking solutions for AI, data center, campus and routing environments, built on its EOS operating system, plus support services, to internet companies, cloud providers, financial firms, government agencies and others across the Americas, EMEA and Asia-Pacific, selling through distributors, system integrators, resellers, OEM partners and a direct sales force.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$55.98B

7.91%

1.00×

Cost of revenue

$31.04B

8.00%

1.01×

Operating expenses

$10.42B

8.13%

1.02×