Arista Networks
US.ANET
193.78
+2.34
+1.22%
Arista Networks
193.78
+2.34
+1.22%
Collector offline (last heartbeat: 19212s ago)
· 2026-09-04 20:02
Pre-market
193.35
+1.00%
After-hours
194.22
+0.23%
Overnight
193.54
+1.10%
Revenue annual, last 8 years
Latest year +28.60% YoY
Margins
- Gross margin
- 64.06%
- Operating margin
- 42.82%
- Net margin
- 38.99%
Key ratios & quality
- PEG ratio
- 1.64
- Altman Z-Score
- 23.19
PEG uses trailing P/E against the 3-year net income growth rate (37.44%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 23.19, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.15B | 2.41B | 2.32B | 2.95B | 4.38B | 5.86B | 7.00B | 9.01B |
| Gross profit | 1.37B | 1.54B | 1.48B | 1.88B | 2.68B | 3.63B | 4.49B | 5.77B |
| Selling & admin expenses | 252.56M | 275.81M | 295.61M | 369.29M | 420.20M | 518.10M | 550.00M | 675.30M |
| Research & development | 442.47M | 462.76M | 486.59M | 586.75M | 728.39M | 854.90M | 996.70M | 1.24B |
| Operating profit | 678.35M | 805.77M | 699.68M | 924.74M | 1.53B | 2.26B | 2.94B | 3.86B |
| Pretax profit | 288.80M | 862.27M | 738.86M | 930.88M | 1.58B | 2.42B | 3.27B | 4.25B |
| Tax | -39.31M | 2.40M | 104.31M | 90.03M | 229.35M | 334.70M | 413.00M | 738.30M |
| Net profit | 328.12M | 859.87M | 634.56M | 840.85M | 1.35B | 2.09B | 2.85B | 3.51B |
| Basic EPS | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 3 |
| Diluted EPS | 0.25 | 0.67 | 0.50 | 0.66 | 1.07 | 1.65 | 2.23 | 2.75 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.00B | 2.20B | 2.31B | 2.49B | 2.71B | 3.04B |
| Gross profit | 1.28B | 1.44B | 1.49B | 1.56B | 1.68B | 1.91B |
| Selling & admin expenses | 150.90M | 155.90M | 186.00M | 182.50M | 175.30M | 184.10M |
| Research & development | 266.40M | 296.50M | 326.00M | 348.40M | 343.70M | 348.20M |
| Operating profit | 858.80M | 986.20M | 978.20M | 1.03B | 1.16B | 1.38B |
| Pretax profit | 955.00M | 1.08B | 1.08B | 1.14B | 1.27B | 1.50B |
| Tax | 141.20M | 191.40M | 224.10M | 181.60M | 248.50M | 291.40M |
| Net profit | 813.80M | 888.80M | 853.00M | 955.80M | 1.02B | 1.21B |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.64 | 0.70 | 0.67 | 0.75 | 0.80 | 0.95 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.71B | 3.47B | 3.84B | 4.81B | 5.55B | 8.40B | 11.91B | 16.39B |
| Cash & ST investments | 1.96B | 2.72B | 2.87B | 3.41B | 3.02B | 5.01B | 8.30B | 10.74B |
| Inventory | 264.56M | 243.83M | 479.67M | 650.12M | 1.29B | 1.95B | 1.83B | 2.25B |
| Total assets | 3.08B | 4.19B | 4.74B | 5.73B | 6.78B | 9.96B | 14.04B | 19.45B |
| Total current liabilities | 606.50M | 597.07M | 768.24M | 1.11B | 1.29B | 1.92B | 2.73B | 5.38B |
| Short-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- | -- | -- |
| Total liabilities | 938,594,000.00 | 1,290,604,000.00 | 1,418,628,000.00 | 1,755,829,000.00 | 1,889,590,000.00 | 2,737,576,000.00 | 4,049,100,000.00 | 7,078,100,000.00 |
| Total equity | 2.14B | 2.89B | 3.32B | 3.98B | 4.89B | 7.22B | 9.99B | 12.37B |
| Retained earnings | 1.19B | 1.79B | 2.03B | 2.46B | 3.14B | 5.11B | 7.54B | 9.45B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 12.28B | 13.50B | 15.18B | 16.39B | 18.56B | 20.16B |
| Cash & ST investments | 8.15B | 8.84B | 10.11B | 10.74B | 12.35B | 13.34B |
| Inventory | 1.96B | 2.06B | 2.16B | 2.25B | 2.38B | 2.54B |
| Total assets | 14.51B | 16.53B | 18.05B | 19.45B | 21.66B | 23.72B |
| Total current liabilities | 3.12B | 4.05B | 4.67B | 5.38B | 6.56B | 6.82B |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 4,395,500,000.00 | 5,632,600,000.00 | 6,141,700,000.00 | 7,078,100,000.00 | 8,169,400,000.00 | 8,922,400,000.00 |
| Total equity | 10.12B | 10.90B | 11.91B | 12.37B | 13.49B | 14.80B |
| Retained earnings | 7.57B | 8.26B | 9.12B | 9.45B | 10.47B | 11.68B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 503.12M | 963.03M | 735.11M | 1.02B | 492.81M | 2.03B | 3.71B | 4.37B |
| Depreciation & amortization | 27.67M | 32.85M | 35.16M | 50.33M | 62.70M | 70.60M | 62.00M | 72.60M |
| Free cash flow | 479.29M | 947.28M | 719.73M | 951.12M | 448.17M | 2.00B | 3.68B | 4.25B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | -266.14M | -395.17M | -411.65M | -670.29M | -112.30M | -423.60M | -1.60B |
| Ending cash balance | 654.16M | 1.12B | 897.45M | 625.05M | 675.98M | 1.94B | 2.76B | 1.97B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 641.70M | 1.20B | 1.27B | 1.26B | 1.69B | 1.08B |
| Depreciation & amortization | 13.80M | 12.80M | 23.20M | 22.80M | 23.30M | 23.40M |
| Free cash flow | 613.30M | 1.18B | 1.24B | 1.22B | 1.64B | 1.05B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -787.10M | -195.90M | 0 | -620.10M | 0 | 0 |
| Ending cash balance | 1.85B | 2.23B | 2.33B | 1.97B | 2.79B | 2.29B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE % | 17.24 | 34.12 | 20.42 | 23.04 | 30.51 | 34.49 | 33.14 | 31.40 |
| ROA % | 11.83 | 23.65 | 14.22 | 16.06 | 21.62 | 24.96 | 23.78 | 20.97 |
| ROIC % | 15.82 | 31.36 | 19.19 | 22.47 | 29.65 | 32.32 | 29.98 | 28.57 |
| 5-year avg ROE % | 21.35 | 23.78 | 24.32 | 25.06 | 25.07 | 28.52 | 28.32 | 30.52 |
| EBIT margin % | 13.55 | 33.42 | 31.88 | 31.37 | 34.86 | 38.52 | 42.05 | 42.82 |
| FCF / sales % | 22.28 | 39.29 | 31.06 | 32.26 | 10.23 | 34.12 | 52.49 | 47.22 |
| Current ratio | 4.48 | 5.81 | 4.99 | 4.34 | 4.29 | 4.38 | 4.36 | 3.05 |
| Quick ratio | 3.77 | 5.22 | 4.25 | 3.54 | 3.05 | 3.15 | 3.46 | 2.35 |
| Debt / assets | 1.65 | 2.87 | 2.18 | 1.42 | -- | -- | -- | -- |
| LT debt / equity | 1.65 | 2.87 | 2.18 | 1.42 | -- | -- | -- | -- |
| Interest coverage | 107.92 | -- | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) % | 36.95 | 28.76 | 12.08 | 11.07 | 22.04 | 36.24 | 33.43 | 27.15 |
| Net income CAGR (3Y) % | 39.41 | 67.13 | 14.46 | 36.85 | 16.30 | 48.72 | 50.25 | 37.44 |
| FCF CAGR (3Y) % | 30.07 | 83.67 | 5.30 | 25.66 | -22.08 | 40.58 | 56.94 | 111.70 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE % | 33.68 | 33.64 | 31.74 | 31.40 | 31.52 | 31.48 |
| ROA % | 24.16 | 23.10 | 21.73 | 20.97 | 20.57 | 20.10 |
| ROIC % | 30.43 | 30.49 | 28.80 | 28.57 | 28.74 | 28.74 |
| 5-year avg ROE % | -- | -- | -- | -- | -- | -- |
| EBIT margin % | 42.27 | 43.14 | 42.88 | 42.82 | 42.79 | 43.14 |
| FCF / sales % | 50.90 | 50.00 | 47.89 | 47.22 | 54.36 | 48.91 |
| Current ratio | 3.93 | 3.33 | 3.25 | 3.05 | 2.83 | 2.96 |
| Quick ratio | 3.07 | 2.58 | 2.48 | 2.35 | 2.18 | 2.29 |
| Debt / assets | -- | -- | -- | -- | -- | -- |
| LT debt / equity | -- | -- | -- | -- | -- | -- |
| Interest coverage | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Product85.82%
Service14.18%
Quote time 2026-09-04 20:02:17
For reference only, not investment advice.