ANET vs. HPE: Arista Networks vs. Hewlett Packard Enterprise Stock Comparison

November 11, 2026

How do Arista Networks (ANET) and Hewlett Packard Enterprise (HPE) 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 Hewlett Packard Enterprise (HPE) both fall under the Technology Hardware & Equipment industry group, but ANET is classified in Communications Equipment while HPE is classified in Technology Hardware, Storage & Peripherals.

Company profile comparison for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Profile Item	ANET	HPE
Name	Arista Networks Inc.	Hewlett Packard Enterprise Company
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	215.79 billion USD	59.43 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 6, 2014	October 19, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ANET

HPE

GSPC

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE), 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 Hewlett Packard Enterprise (HPE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
Total Return (1Y)	38.40%	110.12%
Total Return (3Y, Annualized)	52.15%	49.38%
Total Return (5Y, Annualized)	41.19%	28.98%

Risk Profile

Drawdown History

ANET

HPE

GSPC

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE), 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 Hewlett Packard Enterprise (HPE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
Volatility (1Y, Annualized)	56.66%	61.60%
Beta (5Y)	1.60	1.49
Max Drawdown (5Y)	-50.42%	-48.36%
Avg. Volume (3M)	6.09M	20.47M

Risk-Adjusted Performance

Risk-Return Positioning

ANET and HPE 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 Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
Sharpe Ratio (1Y)	0.60	1.72
Sortino Ratio (1Y)	0.87	2.76

Profitability

ROE (TTM)

Arista Networks (ANET) at 33.52% sits in the top ROE quartile, while Hewlett Packard Enterprise (HPE) at 10.94% is closer to the peer norm — stronger capital efficiency for ANET.

ANET

Technology Hardware & Equipment industry group

33.52%

Max: 42.47%
ANET: 33.52%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

HPE

Technology Hardware & Equipment industry group

10.94%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
HPE: 10.94%
Q1: 1.63%
Min: -20.62%

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Arista Networks (ANET) at 39.97% converts revenue to bottom-line profit above its industry’s benchmark range, while Hewlett Packard Enterprise (HPE) at 6.67% keeps roughly the typical share for its industry.

ANET

Technology Hardware & Equipment industry group

39.97%

ANET: 39.97%
Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

HPE

Technology Hardware & Equipment industry group

6.67%

Max: 27.60%
Q3: 11.66%
HPE: 6.67%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Arista Networks (ANET) at 44.90% turns sales into operating profit above its industry’s benchmark range, while Hewlett Packard Enterprise (HPE) at 12.56% operates around its industry’s norm.

ANET

Technology Hardware & Equipment industry group

44.90%

ANET: 44.90%
Max: 36.27%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

HPE

Technology Hardware & Equipment industry group

12.56%

Max: 36.27%
Q3: 18.36%
HPE: 12.56%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
ROE (TTM)	33.52%	10.94%
ROA (TTM)	15.04%	2.64%
Net Margin (TTM)	39.97%	6.67%
Operating Margin (TTM)	44.90%	12.56%
Gross Margin (TTM)	62.88%	36.62%

Growth

Revenue Growth

Arista Networks (ANET) at 28.60% sits in the top revenue growth quartile, while Hewlett Packard Enterprise (HPE) at 13.84% is closer to the peer norm — faster top-line expansion for ANET.

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Arista Networks (ANET) at 23.32% is around its peer norm for EPS growth, while Hewlett Packard Enterprise (HPE) at -102.07% drops into the bottom quartile, signaling weaker earnings momentum.

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
Revenue Growth (YoY)	28.60%	13.84%
Revenue Growth (3Y CAGR)	27.15%	6.37%
EPS Growth (YoY)	23.32%	-102.07%
EPS Growth (3Y CAGR)	37.08%	--

Financial Strength

Current Ratio (MRQ)

Arista Networks (ANET) at 3.29 carries current ratio above its industry’s typical mid-range, while Hewlett Packard Enterprise (HPE) at 1.11 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

ANET

Technology Hardware & Equipment industry group

3.29

Max: 5.34
ANET: 3.29
Q3: 3.02
Median: 1.95
Q1: 1.32
Min: 0.17

HPE

Technology Hardware & Equipment industry group

1.11

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
HPE: 1.11
Min: 0.17

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Hewlett Packard Enterprise (HPE) carries debt-to-equity ratio of 0.76 against its industry range, while Arista Networks (ANET) reports no figure this period.

ANET

Technology Hardware & Equipment industry group

Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01
ANET: --

HPE

Technology Hardware & Equipment industry group

0.76

Max: 1.76
Q3: 0.78
HPE: 0.76
Median: 0.24
Q1: 0.04
Min: 0.01

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): ANET does not report debt-to-equity ratio, so it has no value marker; HPE is benchmarked against the Technology Hardware & Equipment industry group.

Financial Strength Metrics

Financial strength metrics for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
Current Ratio (MRQ)	3.29	1.11
Debt / Equity (MRQ)	--	0.76
Net Debt / EBITDA	-2.71	2.05

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 Hewlett Packard Enterprise (HPE) reports a yield of 1.26%, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

HPE

Technology Hardware & Equipment industry group

1.26%

HPE: 1.26%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): 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 Hewlett Packard Enterprise (HPE) reports a payout of 28.74%, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

HPE

Technology Hardware & Equipment industry group

28.74%

Max: 32.27%
HPE: 28.74%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. Hewlett Packard Enterprise (HPE): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
Dividend Yield (TTM)	0.00%	1.26%
Dividend Payout Ratio (TTM)	0.00%	28.74%

Valuation

P/E Ratio (TTM)

Hewlett Packard Enterprise (HPE) at 23.08 is near its industry’s usual P/E ratio, while Arista Networks (ANET) at 45.79 sits in the richer quartile — ANET needs stronger growth or earnings quality to justify the premium.

ANET

Technology Hardware & Equipment industry group

45.79

Max: 69.48
ANET: 45.79
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

HPE

Technology Hardware & Equipment industry group

23.08

Max: 69.48
Q3: 41.02
Median: 26.39
HPE: 23.08
Q1: 19.36
Min: 6.07

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

P/S Ratio (TTM)

Hewlett Packard Enterprise (HPE) at 1.42 prices around its industry’s typical P/S ratio, while Arista Networks (ANET) at 18.15 clears its benchmark range — ANET looks notably rich on sales.

ANET

Technology Hardware & Equipment industry group

18.15

ANET: 18.15
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

HPE

Technology Hardware & Equipment industry group

1.42

Max: 11.30
Q3: 5.82
Median: 2.56
HPE: 1.42
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

Hewlett Packard Enterprise (HPE) at 2.24 sits near its industry’s typical P/B ratio, while Arista Networks (ANET) at 13.12 prices above its benchmark range — ANET looks rich relative to book.

ANET

Technology Hardware & Equipment industry group

13.12

ANET: 13.12
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

HPE

Technology Hardware & Equipment industry group

2.24

Max: 10.75
Q3: 5.52
Median: 3.17
HPE: 2.24
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for Arista Networks (ANET) and Hewlett Packard Enterprise (HPE)
Metric	ANET	HPE
P/E Ratio (TTM)	45.79	23.08
P/S Ratio (TTM)	18.15	1.42
P/B Ratio (MRQ)	13.12	2.24
Free Cash Flow Yield (TTM)	1.39%	7.97%