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

170.44 11.28 +7.09%
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) Net margin

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Arista Networks, Inc.'s net margin over the twelve months to 30 September 2026 was 40.0%, up 1.0 percentage points from fiscal 2025 (39.0%). Over the past ten years it has ranged from 14.2% (fiscal 2015) to 40.7% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Computer Hardware industry median of −0.75% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 39.0% (1.74)
FY2024 40.7% 5.11
FY2023 35.6% 4.75
FY2022 30.9% 2.35
FY2021 28.5% 1.14
FY2020 27.4% (8.27)
FY2019 35.7% 20.41
FY2018 15.2% (10.42)
FY2017 25.7% 9.46
FY2016 16.2% 1.98

Quarterly newest first

Period Net margin Change (points)
Sep 2026 42.7% 2.71
Jun 2026 40.0% 2.19
Mar 2026 37.8% (0.66)
Dec 2025 38.4% 1.47
43 more quarters

Against its own ten years

Low 14.2% High 40.7%
Ten-year median 28.5%
Current reading's percentile 91

Net margin against peers

Company Net margin
WDC Western Digital Corporation compare 69.2%
SNDK Sandisk Corporation compare 67.0%
ANET Arista Networks, Inc. 40.0%
STX Seagate Technology Holdings PLC compare 31.9%
LOGI Logitech International S.A. compare 16.4%
DELL Dell Technologies Inc. compare 7.53%
SMCI Super Micro Computer, Inc. compare 6.77%
P Everpure, Inc. compare 5.94%
HPQ HP Inc. compare 4.14%
Computer Hardware industry median −0.75%
Technology sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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