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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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

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

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As of 5 November 2026, Arista Networks, Inc. (ANET) trades at a price to free cash flow of 40.6×. Over the past ten years it has ranged from 12.7× (March 2020) to 117× (March 2023); the current reading is higher than 58% of that period. That is above the Computer Hardware industry median of 23.1× and above the Technology sector median of 18.7×.

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<iframe src="https://stockrow.com/embed/ANET/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Arista Networks, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ANET/metrics/price-to-free-cash-flow">Arista Networks, Inc. (ANET) price to free cash flow — stockrow.com</a></p>

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%

Period	Price to free cash flow	Change
Sep 2026	51.3×	23.35%
Jun 2026	41.6×	41.93%
Mar 2026	29.3×	(24.54%)
Dec 2025	38.8×	(14.44%)
43 more quarters	Free account

Against its own ten years

Low 12.7× High 117×

Ten-year median 38.3×

Current reading's percentile 58

Company	Price to free cash flow
SMCI Super Micro Computer, Inc. compare	n/m
SNDK Sandisk Corporation compare	6.9×
HPQ HP Inc. compare	7.0×
LOGI Logitech International S.A. compare	14.8×
WDC Western Digital Corporation compare	23.1×
DELL Dell Technologies Inc. compare	24.1×
STX Seagate Technology Holdings PLC compare	25.8×
ANET Arista Networks, Inc.	40.6×
P Everpure, Inc. compare	268×
Computer Hardware industry median	23.1×
Technology sector median	18.7×
Market median	14.1×

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 →

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

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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