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Arista Networks, Inc.

ANET Technology Computer Hardware

Arista Networks, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 28.6% from fiscal 2024.

Revenue
+58.5%
EPS
+81.8%
Free cash flow
−11.1%

Quarter to September 2026, against a year earlier

169.35 10.19 +6.40%
Market cap
$200.7B
P/E
42.8×
Fwd P/E
44.3×
Dividend yield
—
F-score
4/9
Altman Z
16.45
Beneish M
−2.24
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Arista Networks, Inc. (ANET) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Arista Networks, Inc. (ANET) trades at a EV/EBITDA of 35.6×. Over the past ten years it has ranged from 11.2× (March 2020) to 105× (August 2018); the current reading is higher than 69% of that period. That is above the Computer Hardware industry median of 13.0× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 39.2× (9.68%)
FY2024 43.4× 51.68%
FY2023 28.6× 34.69%
FY2022 21.3× (47.65%)
FY2021 40.6× 57.30%
FY2020 25.8× 67.40%
FY2019 15.4× (66.81%)
FY2018 46.5× 50.54%
FY2017 30.9× 39.61%
FY2016 22.1× (19.10%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 45.7× 5.72%
Jun 2026 43.3× 29.02%
Mar 2026 33.5× (14.51%)
Dec 2025 39.2× (16.48%)
43 more quarters

Against its own ten years

Low 11.2× High 105×
Ten-year median 29.3×
Current reading's percentile 69

EV/EBITDA against peers

Company EV/EBITDA
SNDK Sandisk Corporation compare 5.5×
SMCI Super Micro Computer, Inc. compare 6.8×
HPQ HP Inc. compare 7.4×
DELL Dell Technologies Inc. compare 12.8×
LOGI Logitech International S.A. compare 13.2×
WDC Western Digital Corporation compare 16.6×
STX Seagate Technology Holdings PLC compare 18.9×
ANET Arista Networks, Inc. 35.6×
P Everpure, Inc. compare 80.0×
Computer Hardware industry median 13.0×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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