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Saturday 17 October 2026 Export ANET’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 37.7%, EPS grew 35.2% and free cash flow fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for three.

176.98 8.60 −4.63%
Market cap
$234.1B
P/E
55.1×
Fwd P/E
46.1×
Dividend yield
—
F-score
4/9
Altman Z
16.45
Beneish M
−2.24
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Arista Networks, Inc. (ANET) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Arista Networks, Inc. (ANET) trades at a price to free cash flow of 43.3×. Over the past ten years it has ranged from 12.7× (March 2020) to 117× (March 2023); the current reading is higher than 69% of that period. That is above the Computer Hardware industry median of 25.5× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 38.8× 2.60%
FY2024 37.8× 5.31%
FY2023 35.9× (57.07%)
FY2022 83.7× 79.59%
FY2021 46.6× 50.76%
FY2020 30.9× 87.57%
FY2019 16.5× (50.42%)
FY2018 33.2× 21.63%
FY2017 27.3× (39.60%)
FY2016 45.2× 87.07%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 41.6× 41.93%
Mar 2026 29.3× (24.54%)
Dec 2025 38.8× (14.44%)
Sep 2025 45.4× 40.12%
42 more quarters

Against its own ten years

Low 12.7× High 117×
Ten-year median 38.2×
Current reading's percentile 69

Price to free cash flow against peers

Company Price to free cash flow
SMCI Super Micro Computer, Inc. compare n/m
HPQ HP Inc. compare 7.1×
LOGI Logitech International S.A. compare 14.7×
SNDK Sandisk Corporation compare 16.6×
WDC Western Digital Corporation compare 32.7×
DELL Dell Technologies Inc. compare 34.0×
ANET Arista Networks, Inc. 43.3×
STX Seagate Technology Holdings PLC compare 45.1×
P Everpure, Inc. compare 350×
Computer Hardware industry median 25.5×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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