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NYSE · CIK 0001596532 · COMPUTER COMMUNICATIONS EQUIPMENT

Arista Networks, Inc.

ANET chart by TradingView
P/E 53.6xP/B 14.6xP/SALES 20.6xEV/EBITDA FCF YIELD 2.38%

PRICE HISTORY

LIVE · NYSE
ANET chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$9.0B
EBITDA
$3.9B
FREE CASH FLOW
$4.3B
EPS
$2.75
GROSS MARGIN
64.06%
ROIC
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

53.6x
+481%
LATEST · Q2 FY26
53.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.8x55.4x

P / SALES (TTM)

20.6x
+1278%
LATEST · Q2 FY26
20.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.5x22.0x

P / BOOK

14.6x
+848%
LATEST · Q2 FY26
14.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.3x15.6x

EV / EBITDA (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EV / REVENUE (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

FCF YIELD (TTM)

2.38%
-13.0pp
LATEST · Q2 FY26
2.38%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.18%24.07%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$3.0B
+946%
LATEST · Q2 FY26
3.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$1.4B
+1957%
LATEST · Q2 FY26
1.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$1.2B
+2266%
LATEST · Q2 FY26
1.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$0.95
+445%
LATEST · Q2 FY26
0.95Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

37.69%
+4.3pp
LATEST · Q2 FY26
37.69%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-12.16%57.18%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

34.70%
+47.4pp
LATEST · Q2 FY26
34.70%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-21.90%64.47%

RETURN ON CAPITAL

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

RETURN ON EQUITY (TTM)

27.33%
+10.6pp
LATEST · Q2 FY26
27.33%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
13.19%29.93%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN62.93%
OPERATING MARGIN45.39%
NET MARGIN39.95%
FCF MARGIN34.70%
76.8343.309.76-23.77-57.31GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$1.1B
+$1.1B
LATEST · Q2 FY26
1.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.1B
+697%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.0B
+693%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

1.28B
+334%
LATEST · Q2 FY26
1.28BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$2.3B
+358%
LATEST · Q2 FY26
2.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 73.06%INSIDERS 17.24%OTHER / RETAIL 9.69%3,016 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.7.29%91.9M$17.34B-3.7%
Vanguard Capital Management LLC5.41%68.3M$12.88BNEW
FMR, LLC4.15%52.3M$9.87B+34.0%
State Street Corporation3.71%46.8M$8.82B-0.4%
Price (T.Rowe) Associates Inc2.32%29.3M$5.53B-21.1%
Geode Capital Management, LLC2.16%27.2M$5.14B+3.0%
Vanguard Portfolio Management LLC2.05%25.8M$4.88BNEW
Cresset Asset Management, LLC1.64%20.7M$3.90B-0.0%
Morgan Stanley1.47%18.5M$3.49B+1.8%
Capital Research Global Investors1.17%14.8M$2.78B-3.5%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.