ANETArista Networks, Inc.SEC EDGAR
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Arista Networks, Inc. (ANET) Overview

Technology • NYSE • CIK 0001596532

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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms

Market Cap
$261.24B
P/E (TTM)
55.0x
Rev Growth (TTM)
+40.7%
Net Margin (TTM)
40.0%
FCF Yield (TTM)
1.9%
FCF Margin (TTM)
42.2%
Figures as of September 30, 2026
Data coverage notes

Borrowings: none identified in filed XBRL. MetricDuck reads the common debt concepts; a filer can tag borrowings under one it does not, so this is not evidence the company is debt-free — check the filing before treating debt as zero. Enterprise Value and net-debt figures assume zero borrowings.

Filings

Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.

10-Q2026 Q32026-11-03source
8-KEarnings2026-11-03source
10-Q2026 Q22026-08-04source
8-KEarnings2026-08-04source
8-KJun 20262026-06-02source
What your agent reads

Investor Relations

investors.arista.com/Financial-Information/default.aspx

Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.

IR decks — not catalogued
Company-published, not SEC-audited

Earnings

Q3
13 days ago
8-K release
Revenue
$3.66B
—
Net Income
$1.56B
+82.9%
EPS
$1.22
+82.1%
Earnings call2026 Q3· issuer-publishedtranscript
Most recent quarterly earnings snapshot

Cash Flow Health

Free Cash Flow8/8 positive
TTM$5.0B
Q3 '26
$1.1B+4%
Q2 '26
$1.1B-36%
FCF Margin
TTM42.2%
Q3 '2630.1%-13%
Sector: 10.3%Top 10%
OCF Margin
44.1%
OCF/NI1.10x
CapEx Coverage
23.6x
FCF Yield1.9%
FCF Growth (3Y)+49%
Cash Conversion Cycle
212 days
DSO: 61+DIO: 204−DPO: 52
Factsheet →
Cash flow trends & capital efficiency

Capital Allocation

Total Shareholder YieldTTM
TTM0.2%
Dividend & Payout Metrics
Dividend Yield (TTM)—
Free Cash Flow (TTM)$5.0B
Stock Repurchases (TTM)$620.1M
Capital Return / FCF12.4%
Shares Outstanding (YoY)0.3%
Shows how management rewards shareholders

Valuation Metrics

Price-to-EarningsTTM
55.0x
Volatile
8Q: 42.1x+412%
Valuation Lenses
Earnings
55.0x
vs – sector
Cash Flow
49.2x
EV/FCF vs –
Growth-Adj
1.3xPEG
Fair for growth
Quality-Adj
1.8P/E per %ROIC
ROIC: 31.0%
Shareholder Returns
Dividend
–
Buyback
0.2%
Total Yield
0.2%
Market Cap$261.24B
EV$246.88B

Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms

Multi-angle valuation analysis with sector context

Margins & Efficiency

ROIC 75th pctile
Profitability Cascade
Gross
62.9%
Operating
43.8%
Top 25% in sector
Net
40.0%
Margins Unknown
Return on Invested CapitalTTM
31.0%
Stable
+0.0% YoY8Q: 29.5%+3.1%
P25MedianP75
75th pctl (med: 4.4%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
35.7%
8Q: 36.5%
Asset Turnover
0.55x
8Q: 0.55x
Leverage (1+D/E)
–
Asset & CapEx Efficiency
Fixed Asset Turn
45.66x
8Q:54.91x
-3861.7%
Invested Cap Turn
0.90x
8Q:0.86x
+8.7%
CapEx Intensity
1.7%
8Q:1.1%
CapEx/Depreciation
2.38x
FCF vs Net Margin Gap+2.2 pts
Margin trends, ROIC, and capital efficiency

Balance Sheet & Solvency

ND/EBITDA -0.4x
Net Debt / EBITDA
-0.4x
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
–
Balance sheet risk & solvency analysis

Related Research

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