stockrowArista 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
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Arista Networks, Inc. (ANET) Free cash flow margin
Arista Networks, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 42.2%, down 5.0 percentage points from fiscal 2025 (47.2%). Over the past ten years it has ranged from 10.2% (fiscal 2022) to 52.5% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Computer Hardware industry median of 0.00% and above the Technology sector median of 0.67%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 47.2% | (5.27) |
| FY2024 | 52.5% | 18.37 |
| FY2023 | 34.1% | 23.89 |
| FY2022 | 10.2% | (22.03) |
| FY2021 | 32.3% | 1.20 |
| FY2020 | 31.1% | (8.23) |
| FY2019 | 39.3% | 17.01 |
| FY2018 | 22.3% | (15.16) |
| FY2017 | 37.4% | 23.90 |
| FY2016 | 13.5% | (12.46) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| SNDK Sandisk Corporation compare | 59.9% |
| ANET Arista Networks, Inc. | 42.2% |
| STX Seagate Technology Holdings PLC compare | 30.1% |
| WDC Western Digital Corporation compare | 29.6% |
| LOGI Logitech International S.A. compare | 19.3% |
| HPQ HP Inc. compare | 6.56% |
| DELL Dell Technologies Inc. compare | 5.66% |
| P Everpure, Inc. compare | 3.01% |
| SMCI Super Micro Computer, Inc. compare | −12.0% |
| Computer Hardware industry median | 0.00% |
| Technology sector median | 0.67% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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