ANET vs. DELL: Arista Networks vs. Dell Stock Comparison

September 7, 2026

How do Arista Networks (ANET) and Dell (DELL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Arista Networks (ANET) and Dell (DELL) both fall under the Technology Hardware & Equipment industry group, but ANET is classified in Communications Equipment while DELL is classified in Technology Hardware, Storage & Peripherals.

Company profile comparison for Arista Networks (ANET) and Dell (DELL)
Profile Item	ANET	DELL
Name	Arista Networks, Inc.	Dell Technologies Inc. Class C Common Stock
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Communications Equipment	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Communications Equipment	Technology Hardware, Storage & Peripherals
Market Capitalization	244.40 billion USD	338.67 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 6, 2014	August 17, 2016
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ANET

DELL

GSPC

Arista Networks (ANET) vs. Dell (DELL), with S&P 500 (GSPC) for reference: 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 Dell (DELL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Arista Networks (ANET) and Dell (DELL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
Total Return (1Y)	37.27%	319.06%
Total Return (3Y, Annualized)	57.77%	100.54%
Total Return (5Y, Annualized)	53.56%	63.60%

Risk Profile

Drawdown History

ANET

DELL

GSPC

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

Return Distribution

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Distribution of monthly total returns for Arista Networks (ANET) and Dell (DELL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
Volatility (1Y, Annualized)	54.76%	73.63%
Beta (5Y)	1.61	1.39
Max Drawdown (5Y)	-50.42%	-59.59%
Avg. Volume (3M)	7.47M	7.77M

Risk-Adjusted Performance

Risk-Return Positioning

ANET and DELL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
Sharpe Ratio (1Y)	0.61	4.28
Sortino Ratio (1Y)	0.88	8.45

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Arista Networks (ANET) earns 31.48% on shareholders’ equity, ranked against its industry; Dell (DELL) has no ROE this period.

ANET

Technology Hardware & Equipment industry group

31.48%

Max: 44.01%
ANET: 31.48%
Q3: 18.81%
Median: 10.41%
Q1: 0.07%
Min: -24.95%

DELL

Technology Hardware & Equipment industry group

Max: 44.01%
Q3: 18.81%
Median: 10.41%
Q1: 0.07%
Min: -24.95%
DELL: --

Arista Networks (ANET) vs. Dell (DELL): DELL does not report ROE, so it has no value marker; ANET is benchmarked against the Technology Hardware & Equipment industry group.

Net Margin (TTM)

Arista Networks (ANET) at 38.37% converts revenue to bottom-line profit above its industry’s benchmark range, while Dell (DELL) at 7.53% keeps roughly the typical share for its industry.

ANET

Technology Hardware & Equipment industry group

38.37%

ANET: 38.37%
Max: 27.62%
Q3: 10.85%
Median: 3.47%
Q1: -0.47%
Min: -14.17%

DELL

Technology Hardware & Equipment industry group

7.53%

Max: 27.62%
Q3: 10.85%
DELL: 7.53%
Median: 3.47%
Q1: -0.47%
Min: -14.17%

Arista Networks (ANET) vs. Dell (DELL): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Arista Networks (ANET) at 45.39% turns sales into operating profit above its industry’s benchmark range, while Dell (DELL) at 11.47% operates around its industry’s norm.

ANET

Technology Hardware & Equipment industry group

45.39%

ANET: 45.39%
Max: 36.27%
Q3: 17.23%
Median: 7.28%
Q1: 1.10%
Min: -21.39%

DELL

Technology Hardware & Equipment industry group

11.47%

Max: 36.27%
Q3: 17.23%
DELL: 11.47%
Median: 7.28%
Q1: 1.10%
Min: -21.39%

Arista Networks (ANET) vs. Dell (DELL): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
ROE (TTM)	31.48%	--
ROA (TTM)	14.12%	8.55%
Net Margin (TTM)	38.37%	7.53%
Operating Margin (TTM)	45.39%	11.47%
Gross Margin (TTM)	63.00%	19.89%

Growth

Revenue Growth

Arista Networks (ANET) at 28.60% sits in the top revenue growth quartile, while Dell (DELL) at 18.80% is closer to the peer norm — faster top-line expansion for ANET.

Arista Networks (ANET) vs. Dell (DELL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Arista Networks (ANET) at 23.32% and Dell (DELL) at 36.05% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Arista Networks (ANET) vs. Dell (DELL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
Revenue Growth (YoY)	28.60%	18.80%
Revenue Growth (3Y CAGR)	27.15%	3.54%
EPS Growth (YoY)	23.32%	36.05%
EPS Growth (3Y CAGR)	37.08%	38.89%

Financial Strength

Current Ratio (MRQ)

Arista Networks (ANET) at 2.96 carries current ratio above its industry’s typical mid-range, while Dell (DELL) at 0.96 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

ANET

Technology Hardware & Equipment industry group

2.96

Max: 4.90
ANET: 2.96
Q3: 2.94
Median: 1.97
Q1: 1.31
Min: 0.17

DELL

Technology Hardware & Equipment industry group

0.96

Max: 4.90
Q3: 2.94
Median: 1.97
Q1: 1.31
DELL: 0.96
Min: 0.17

Arista Networks (ANET) vs. Dell (DELL): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Neither Arista Networks (ANET) nor Dell (DELL) reports a debt-to-equity ratio value for this period, so a direct comparison isn’t possible.

ANET

Technology Hardware & Equipment industry group

Max: 1.80
Q3: 0.86
Median: 0.27
Q1: 0.04
Min: 0.00
ANET: --

DELL

Technology Hardware & Equipment industry group

Max: 1.80
Q3: 0.86
Median: 0.27
Q1: 0.04
Min: 0.00
DELL: --

Arista Networks (ANET) vs. Dell (DELL): Neither stock reports debt-to-equity ratio, so the chart shows available benchmark boxes without value markers.

Financial Strength Metrics

Financial strength metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
Current Ratio (MRQ)	2.96	0.96
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	-2.88	1.31

Dividends

Dividend Yield (TTM)

Arista Networks (ANET) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Dell (DELL) reports a yield of 0.45%, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 0.77%
Q3: 0.32%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DELL

Technology Hardware & Equipment industry group

0.45%

Max: 0.77%
DELL: 0.45%
Q3: 0.32%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. Dell (DELL): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Arista Networks (ANET) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Dell (DELL) reports a payout of 13.44%, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 32.21%
Q3: 13.32%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DELL

Technology Hardware & Equipment industry group

13.44%

Max: 32.21%
DELL: 13.44%
Q3: 13.32%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. Dell (DELL): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
Dividend Yield (TTM)	0.00%	0.45%
Dividend Payout Ratio (TTM)	0.00%	13.44%

Valuation

P/E Ratio (TTM)

Dell (DELL) at 30.49 is near its industry’s usual P/E ratio, while Arista Networks (ANET) at 61.32 sits in the richer quartile — ANET needs stronger growth or earnings quality to justify the premium.

ANET

Technology Hardware & Equipment industry group

61.32

Max: 94.50
ANET: 61.32
Q3: 51.90
Median: 32.47
Q1: 22.70
Min: 12.14

DELL

Technology Hardware & Equipment industry group

30.49

Max: 94.50
Q3: 51.90
Median: 32.47
DELL: 30.49
Q1: 22.70
Min: 12.14

Arista Networks (ANET) vs. Dell (DELL): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Dell (DELL) at 2.24 prices around its industry’s typical P/S ratio, while Arista Networks (ANET) at 23.19 clears its benchmark range — ANET looks notably rich on sales.

ANET

Technology Hardware & Equipment industry group

23.19

ANET: 23.19
Max: 15.81
Q3: 7.34
Median: 3.08
Q1: 1.16
Min: 0.00

DELL

Technology Hardware & Equipment industry group

2.24

Max: 15.81
Q3: 7.34
Median: 3.08
DELL: 2.24
Q1: 1.16
Min: 0.00

Arista Networks (ANET) vs. Dell (DELL): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Dell (DELL) reports a negative P/B ratio of -236.95, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Arista Networks (ANET) reports 16.52, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

16.52

ANET: 16.52
Max: 14.90
Q3: 7.23
Median: 3.73
Q1: 1.98
Min: 0.09

DELL

Technology Hardware & Equipment industry group

-236.95

Max: 14.90
Q3: 7.23
Median: 3.73
Q1: 1.98
Min: 0.09
DELL: -236.95

Arista Networks (ANET) vs. Dell (DELL): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Arista Networks (ANET) and Dell (DELL)
Metric	ANET	DELL
P/E Ratio (TTM)	61.32	30.49
P/S Ratio (TTM)	23.19	2.24
P/B Ratio (MRQ)	16.52	-236.95
Free Cash Flow Yield (TTM)	1.59%	0.05%