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Monday 12 October 2026 Export all ANET data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 37.7%, EPS grew 35.2% and free cash flow fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for three.

210.88 5.86 −2.70%
Market cap
$273.4B
P/E
65.7×
Fwd P/E
46.1×
Dividend yield
—
F-score
4/9
Altman Z
16.45
Beneish M
−2.24
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Arista Networks, Inc. (ANET) EV/FCF

Alert me on EV/FCF

As of 12 October 2026, Arista Networks, Inc. (ANET) trades at a EV/FCF of 49.0×. Over the past ten years it has ranged from 9.9× (March 2020) to 110× (March 2023); the current reading is higher than 90% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 36.3× 2.01%
FY2024 35.6× 6.43%
FY2023 33.4× (56.54%)
FY2022 76.9× 78.79%
FY2021 43.0× 59.75%
FY2020 26.9× 97.73%
FY2019 13.6× (53.32%)
FY2018 29.2× 17.32%
FY2017 24.9× (37.24%)
FY2016 39.6× 87.43%

Quarterly newest first

Period EV/FCF Change
Jun 2026 39.0× 44.65%
Mar 2026 26.9× (25.74%)
Dec 2025 36.3× (15.35%)
Sep 2025 42.9× 42.17%
42 more quarters

Against its own ten years

Low 9.9× High 110×
Ten-year median 35.3×
Current reading's percentile 91

EV/FCF against peers

Company EV/FCF
IONQ IonQ, Inc. compare −25.8×
SMCI Super Micro Computer, Inc. compare −3.8×
HPQ HP Inc. compare 8.1×
SNDK Sandisk Corporation compare 19.9×
WDC Western Digital Corporation compare 39.5×
DELL Dell Technologies Inc. compare 45.9×
ANET Arista Networks, Inc. 50.4×
STX Seagate Technology Holdings PLC compare 55.8×
P Everpure, Inc. compare 429×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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