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) Return on invested capital

Alert me on Return on invested capital

Arista Networks, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 156.0%, up 7.9 percentage points from fiscal 2025 (148.1%). Over the past ten years it has ranged from 51.3% (fiscal 2022) to 295.7% (fiscal 2019); the current reading is higher than 82% of that period. That is above the Computer Hardware industry median of 0.00% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 148.1% 39.27
FY2024 108.8% 45.00
FY2023 63.8% 12.55
FY2022 51.3% (50.09)
FY2021 101.4% 3.61
FY2020 97.7% (197.95)
FY2019 295.7% 218.97
FY2018 76.7% (102.46)
FY2017 179.2% 124.77
FY2016 54.4% (11.29)

Against its own ten years

Low 51.3% High 295.7%
Ten-year median 97.7%
Current reading's percentile 82

Return on invested capital against peers

Company Return on invested capital
ANET Arista Networks, Inc. 156.0%
SNDK Sandisk Corporation compare 100.9%
LOGI Logitech International S.A. compare 84.0%
STX Seagate Technology Holdings PLC compare 75.1%
DELL Dell Technologies Inc. compare 68.6%
HPQ HP Inc. compare 55.8%
WDC Western Digital Corporation compare 40.4%
P Everpure, Inc. compare 26.3%
SMCI Super Micro Computer, Inc. compare 16.3%
Computer Hardware industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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