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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
+37.7%
EPS
+35.2%
Free cash flow
−10.4%

Quarter to June 2026, against a year earlier

168.86 15.36 −8.34%
Market cap
$232.3B
P/E
52.7×
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 Filings

Arista Networks, Inc. (ANET) EV/FCF

Alert me on EV/FCF

As of 30 October 2026, Arista Networks, Inc. (ANET) trades at a EV/FCF of 38.8×. Over the past ten years it has ranged from 9.9× (March 2020) to 110× (March 2023); the current reading is higher than 65% 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 35.4×
Current reading's percentile 64

EV/FCF against peers

Company EV/FCF
IONQ IonQ, Inc. compare −18.4×
SMCI Super Micro Computer, Inc. compare −3.0×
HPQ HP Inc. compare 7.8×
SNDK Sandisk Corporation compare 14.3×
DELL Dell Technologies Inc. compare 33.5×
WDC Western Digital Corporation compare 36.5×
ANET Arista Networks, Inc. 38.8×
STX Seagate Technology Holdings PLC compare 46.0×
P Everpure, Inc. compare 354×

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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