Arista Networks (ANET) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Arista Networks (ANET), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

ANET

GSPC

Arista Networks (ANET) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Arista Networks (ANET) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Arista Networks (ANET) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: ANET	Industry group median
1-Year Return	70.45%	69.29%

Risk

Drawdown

ANET

GSPC

Arista Networks (ANET) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Arista Networks (ANET) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: ANET	Industry group median
1-Year Volatility	53.66%	53.66%
Beta	1.60	1.32

Company Profile

Company profile fields for Arista Networks (ANET)
Profile Item	ANET
Name	Arista Networks, Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Communications Equipment
GICS Sub-Industry	Communications Equipment
Market Capitalization	205.55 billion USD
Currency	USD
Exchange	NYSE
Listing Date	June 6, 2014
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Arista Networks (ANET) trades at P/E ratio of 56.10, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

ANET

Technology Hardware & Equipment industry group

56.10

Group distribution

Max: 171.43
Q3: 83.19
ANET: 56.10
Median: 39.13
Q1: 23.68
Min: 9.35

Largest peers

STX: 88.50
SNDK: 67.56
ANET: 56.10
CSCO: 40.37
AAPL: 35.20
WDC: 33.67
DELL: 31.54

Where Arista Networks (ANET) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Arista Networks (ANET) trades at 21.17 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

ANET

Technology Hardware & Equipment industry group

21.17

Group distribution

ANET: 21.17
Max: 19.39
Q3: 9.05
Median: 4.10
Q1: 1.42
Min: 0.00

Largest peers

SNDK: 22.24
ANET: 21.17
STX: 19.13
WDC: 16.48
AAPL: 9.47
CSCO: 7.86
DELL: 1.91

Where Arista Networks (ANET) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Arista Networks (ANET) trades at 15.24 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

ANET

Technology Hardware & Equipment industry group

15.24

Group distribution

Max: 17.76
ANET: 15.24
Q3: 9.32
Median: 4.56
Q1: 2.09
Min: -3.27

Largest peers

STX: 190.79
AAPL: 40.10
WDC: 26.91
SNDK: 21.27
ANET: 15.24
CSCO: 9.77
DELL: -182.88

Where Arista Networks (ANET) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Arista Networks (ANET) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: ANET	Industry group median
Price-to-Earnings Ratio (TTM)	56.10	39.13
Price-to-Sales Ratio (TTM)	21.17	4.10
Price-to-Book Ratio (MRQ)	15.24	4.56
Free Cash Flow Yield	2.12%	1.95%

Profitability

Return on Equity (TTM)

Arista Networks (ANET) posts ROE of 31.52%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

ANET

Technology Hardware & Equipment industry group

31.52%

Group distribution

Max: 44.16%
ANET: 31.52%
Q3: 19.25%
Median: 10.96%
Q1: 0.71%
Min: -25.92%

Largest peers

STX: 1,787.97%
AAPL: 141.47%
WDC: 85.92%
SNDK: 39.30%
ANET: 31.52%
CSCO: 25.23%
DELL: --

Where Arista Networks (ANET) stands on ROE within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Arista Networks (ANET) keeps 38.32% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

ANET

Technology Hardware & Equipment industry group

38.32%

Group distribution

ANET: 38.32%
Max: 30.43%
Q3: 12.35%
Median: 4.45%
Q1: 0.00%
Min: -14.09%

Largest peers

WDC: 55.29%
ANET: 38.32%
SNDK: 34.19%
AAPL: 27.15%
STX: 21.60%
CSCO: 19.69%
DELL: 6.28%

Where Arista Networks (ANET) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Arista Networks (ANET) turns 42.74% of revenue into operating profit on operating margin, above the industry benchmark range. Core operations are retaining an unusually large share before interest and taxes, which points to pricing power or tight cost control if the margin is sustainable.

ANET

Technology Hardware & Equipment industry group

42.74%

Group distribution

ANET: 42.74%
Max: 35.67%
Q3: 15.55%
Median: 6.62%
Q1: 1.55%
Min: -18.45%

Largest peers

SNDK: 69.98%
ANET: 42.74%
WDC: 37.01%
STX: 35.67%
AAPL: 32.28%
CSCO: 24.99%
DELL: 8.86%

Where Arista Networks (ANET) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Arista Networks (ANET) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: ANET	Industry group median
Return on Equity (TTM)	31.52%	10.96%
Return on Assets (TTM)	14.36%	4.31%
Net Profit Margin (TTM)	38.32%	4.45%
Operating Profit Margin (TTM)	42.74%	6.62%
Gross Profit Margin (TTM)	63.54%	38.82%

Financial Strength

Current Ratio (MRQ)

Arista Networks (ANET) has current ratio of 2.83, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

ANET

Technology Hardware & Equipment industry group

2.83

Group distribution

Max: 5.80
Q3: 3.18
ANET: 2.83
Median: 1.90
Q1: 1.28
Min: 0.40

Largest peers

SNDK: 4.78
ANET: 2.83
WDC: 1.49
STX: 1.33
AAPL: 1.07
DELL: 0.95
CSCO: 0.93

Where Arista Networks (ANET) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

No usable debt-to-equity ratio is available for Arista Networks (ANET) this period, so the balance-sheet leverage read is skipped.

ANET

Technology Hardware & Equipment industry group

Group distribution

Max: 2.02
Q3: 0.88
Median: 0.31
Q1: 0.05
Min: 0.00
ANET: --

Largest peers

STX: 3.82
AAPL: 0.80
CSCO: 0.68
WDC: 0.18
SNDK: 0.02
ANET: --
DELL: --

Arista Networks (ANET) doesn’t report debt-to-equity ratio this period; the box shows the Technology Hardware & Equipment group’s distribution and the dots its largest members.

Financial Strength at a Glance

Arista Networks (ANET) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: ANET	Industry group median
Current Ratio (MRQ)	2.83	1.90
Debt-to-Equity Ratio (MRQ)	--	0.31
Net Debt / EBITDA	-2.92	0.91

Dividends

Dividend Yield (TTM)

Arista Networks (ANET) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

ANET

Technology Hardware & Equipment industry group

0.00%

Group distribution

Max: 1.30%
Q3: 0.54%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.39%
DELL: 0.64%
AAPL: 0.37%
STX: 0.32%
WDC: 0.11%
ANET: 0.00%
SNDK: 0.00%

Where Arista Networks (ANET) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Arista Networks (ANET) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

ANET

Technology Hardware & Equipment industry group

0.00%

Group distribution

Max: 37.10%
Q3: 15.46%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 55.00%
STX: 27.70%
DELL: 17.57%
AAPL: 12.59%
WDC: 2.69%
ANET: 0.00%
SNDK: 0.00%

Where Arista Networks (ANET) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Arista Networks (ANET) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: ANET	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%