Arista Networks, Inc. ANET
- Market cap
- $263.1B
- P/E
- 64.4×
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Arista Networks, Inc. (ANET) Free cash flow
Arista Networks, Inc.'s free cash flow for fiscal 2025 was $4.3B, up 15.7% from $3.7B in fiscal 2024. Over the twelve months to 30 June 2026 it was $5.2B. Over the past ten years it has ranged from $152.9M (fiscal 2016) to $4.3B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. Arista Networks, Inc. ranks 3rd of 37 Computer Hardware companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $4.3B | 15.67% |
| FY2024 | $3.7B | 83.85% |
| FY2023 | $2.0B | 346.17% |
| FY2022 | $448.2M | (52.88%) |
| FY2021 | $951.1M | 32.15% |
| FY2020 | $719.7M | (24.02%) |
| FY2019 | $947.3M | 97.64% |
| FY2018 | $479.3M | (22.24%) |
| FY2017 | $616.3M | 303.17% |
| FY2016 | $152.9M | (29.81%) |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.1B | (35.74%) |
| Mar 2026 | $1.6B | 33.81% |
| Dec 2025 | $1.2B | (1.07%) |
| Sep 2025 | $1.2B | 5.27% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| SNDK Sandisk Corporation compare | $11.5B |
| DELL Dell Technologies Inc. compare | $8.6B |
| ANET Arista Networks, Inc. | $5.2B |
| HPQ HP Inc. compare | $3.9B |
| WDC Western Digital Corporation compare | $3.5B |
| STX Seagate Technology Holdings PLC compare | $3.1B |
| P Everpure, Inc. compare | $128.2M |
| IONQ IonQ, Inc. compare | −$483.9M |
| SMCI Super Micro Computer, Inc. compare | −$7.0B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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