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Arista Networks, Inc.

ANET

$159.59 ▼ -20.08 (-11.18%) at close

15 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

Arista Networks, Inc. shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $200.8B

Dividend Yield —

Revenue Growth 28.6% ↗

Op. Margin 42.8% →

ROIC 25.8% →

FCF / Share $3.48 ↗

Trailing P/E 57.2x

Price / Book 16.2x

FCF Yield 2.2%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

15-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$9.01B

↑ +28.6% —

Net Income Profit after all expenses

$3.51B

↑ +23.1% —

Operating Margin Operating profit as % of sales

42.8%

↑ +1.8% 95th

FCF / Share Free cash flow per share

$3.48

↑ +17.7% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Cash Quality →

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Revenue Growth YoY (%)	28.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+257%)	19.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+144%)	33.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+322%)	48.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+508%)	27.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+240%)	-3.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-148%)	12.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+51%)	30.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+284%)	45.8% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+472%)	34.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+335%)	43.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+442%)	61.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+671%)	86.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+985%)	—	—
EPS Growth YoY (%)	22.9% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	34.3% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	53.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	60.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	31.1% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-25.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	156.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-25.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	119.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	47.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	27.5% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	86.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	94.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	23.1% Good ↓ Good Declining Year-over-year change in net income	36.6% Excellent ↓ Excellent Declining Year-over-year change in net income	54.3% Excellent ↑ Excellent Improving Year-over-year change in net income	60.8% Excellent ↑ Excellent Improving Year-over-year change in net income	32.5% Excellent ↓ Excellent Declining Year-over-year change in net income	-26.2% Weak ↓ Weak Declining Year-over-year change in net income	162.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-22.5% Weak ↓ Weak Declining Year-over-year change in net income	129.8% Excellent ↑ Excellent Improving Year-over-year change in net income	52.1% Excellent ↓ Excellent Declining Year-over-year change in net income	39.4% Excellent ↓ Excellent Declining Year-over-year change in net income	104.5% Excellent Excellent Year-over-year change in net income	98.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	17.7% Good ↓ Good Declining Year-over-year change in free cash flow	79.6% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	308.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-51.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	37.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-22.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	93.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-24.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	283.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-18.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	11.6% Fair ↓ Fair Declining Year-over-year change in free cash flow	367.4% Excellent Excellent Year-over-year change in free cash flow	-43.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	27.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	33.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	36.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	22.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	11.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	12.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	28.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	36.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	41.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	46.2% Excellent Excellent Compound annual revenue growth over 3 years	63.0% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	31.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	23.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	22.2% Excellent → Excellent Stable Compound annual revenue growth over 5 years	21.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	21.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	22.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	32.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	42.9% Excellent Excellent Compound annual revenue growth over 5 years	53.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	36.3% Excellent → Excellent Stable Compound annual EPS growth over 3 years	49.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	47.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	16.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	35.7% Excellent → Excellent Stable Compound annual EPS growth over 3 years	12.6% Good ↓ Good Declining Compound annual EPS growth over 3 years	61.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	34.4% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	60.3% Excellent → Excellent Stable Compound annual EPS growth over 3 years	51.8% Excellent Excellent Compound annual EPS growth over 3 years	66.8% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Operating Margin (%) (%)	42.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+114%)	42.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+110%)	38.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+93%)	34.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+74%)	31.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	30.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+51%)	33.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	12.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	28.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	21.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	17.8% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-11%)	21.5% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+7%)	18.3% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	20.6% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—
Effective Tax Rate (%) (%)	17.4% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.6% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-13.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.5% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.1% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	39.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+160%)	40.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+172%)	35.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+137%)	30.9% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+106%)	28.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+90%)	27.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+83%)	35.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+138%)	15.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	25.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+71%)	16.3% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	14.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	14.9% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.8% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	11.0% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	—
FCF Margin (%) (%)	48.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	53.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	34.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.2% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	34.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	31.7% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	39.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	22.3% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	37.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.5% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	21.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	11.9% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.25x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.97x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.21x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.49x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.37x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.34x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Return on Invested Capital (%)	25.8% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	25.7% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	26.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	26.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.0% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	18.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	27.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.5% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	25.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	15.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	16.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	62.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	136.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	19.8% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	21.0% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	22.7% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	22.5% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.8% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	19.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	8.9% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	19.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.1% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.9% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	15.5% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	18.1% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	28.4% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+137%)	28.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+138%)	28.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+141%)	27.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+131%)	21.1% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+76%)	19.1% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+59%)	29.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+148%)	15.3% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	25.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+112%)	16.6% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+39%)	15.4% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	15.6% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+30%)	54.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+355%)	112.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+841%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	—	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—
Interest Coverage (x)	—	—	—	—	—	—	—	101.20x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	169.16x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—
Net Debt (USD)	$-1.96B	$-2.76B	$-1.94B	$-671.71M	$-620.81M	$-893.22M	$-1.11B	$-649.95M	$-859.19M	$-567.92M	$-687.33M	$-240.03M	$-113.66M	$-88.66M	$-70.72M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	—	—	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Revenue per Share (USD)	$7.16	$5.57	$4.74	$3.57	$2.40	$1.91	$1.97	$1.80	$1.42	$1.03	$0.79	$0.75	$0.83	$0.49	—
Basic EPS, GAAP (USD)	$2.79	$2.27	$1.69	$1.10	$0.69	$0.52	$0.70	$0.27	$0.37	$0.17	$0.11	$0.09	$0.05	$0.02	—
Free Cash Flow per Share (USD)	$3.48	$2.95	$1.64	$0.40	$0.83	$0.60	$0.78	$0.40	$0.53	$0.14	$0.17	$0.15	$0.03	$0.06	—
Book Value per Share (USD)	$9.85	$7.92	$5.78	$3.98	$3.23	$2.72	$2.37	$1.77	$1.41	$0.98	$0.72	$0.53	$0.15	$0.05	—
Tangible Book Value per Share (USD)	$9.51	$7.71	$5.78	$3.76	$3.08	$2.57	$2.32	$1.73	$1.41	$0.98	$0.72	$0.53	$0.15	$0.05	—
Basic Weighted Avg Shares (shares)	1.26B	1.26B	1.24B	1.23B	1.23B	1.22B	1.22B	1.20B	1.16B	1.10B	1.06B	774.83M	437.12M	395.38M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Working Capital (USD)	$11.01B	$9.18B	$6.48B	$4.26B	$3.70B	$3.07B	$2.87B	$2.11B	$1.74B	$1.07B	$739.32M	$535.11M	$73.42M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	—	—	—	$0.00	—	—
Total Equity (USD)	$12.37B	$9.99B	$7.22B	$4.89B	$3.98B	$3.32B	$2.89B	$2.14B	$1.66B	$1.11B	$788.15M	$555.66M	$77.73M	$18.91M	$-8.19M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Sales/Revenue/Turnover (USD)	$9.01B	$7.00B	$5.86B	$4.38B	$2.95B	$2.32B	$2.41B	$2.15B	$1.65B	$1.13B	$837.59M	$584.11M	$361.22M	$193.41M	—
Depreciation Expense (USD)	$72.60M	$62.00M	$70.63M	$62.70M	$50.33M	$44.59M	$32.85M	$27.67M	$20.64M	$19.75M	$13.67M	$10.02M	$5.04M	$1.78M	—
Net Income, GAAP (USD)	$3.51B	$2.85B	$2.09B	$1.35B	$840.85M	$634.56M	$859.87M	$328.12M	$423.20M	$184.19M	$121.10M	$86.85M	$42.46M	$21.35M	—
Operating Cash Flow (USD)	$4.37B	$3.71B	$2.03B	$492.81M	$1.02B	$735.11M	$963.03M	$503.12M	$631.63M	$174.29M	$200.53M	$131.88M	$34.65M	$26.31M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 15 years · 56 quarters

Arista Networks, Inc.

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