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.
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Arista Networks, Inc. (ANET) Return on invested capital
Arista Networks, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 195.4%, up 47.3 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
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| ANET Arista Networks, Inc. | 195.4% |
| LOGI Logitech International S.A. compare | 90.5% |
| SNDK Sandisk Corporation compare | 70.6% |
| DELL Dell Technologies Inc. compare | 68.6% |
| STX Seagate Technology Holdings PLC compare | 63.5% |
| HPQ HP Inc. compare | 55.8% |
| WDC Western Digital Corporation compare | 33.4% |
| P Everpure, Inc. compare | 26.3% |
| SMCI Super Micro Computer, Inc. compare | 11.0% |
| 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)
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