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

Arista Networks, Inc. (ANET) Free cash flow

Alert me on 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 September 2026 it was $5.0B. 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 42 Computer Hardware companies by free cash flow.

Free cash flow, annual

Embed this chart

Annual newest first

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 newest first

Period Free cash flow Change
Sep 2026 $1.1B 4.45%
Jun 2026 $1.1B (35.74%)
Mar 2026 $1.6B 33.81%
Dec 2025 $1.2B (1.07%)
43 more quarters

Against its own ten years

Low $152.9M High $4.3B
Ten-year median $719.7M
Current reading's percentile 100

Free cash flow against peers

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)

The full definition of Free cash flow →

More on ANET