ANET vs. NTAP: Arista Networks vs. NetApp Stock Comparison

November 11, 2026

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

Company profile comparison for Arista Networks (ANET) and NetApp (NTAP)
Profile Item	ANET	NTAP
Name	Arista Networks Inc.	NetApp, Inc.
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	33.23 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 6, 2014	November 21, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ANET

NTAP

GSPC

Arista Networks (ANET) vs. NetApp (NTAP), 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 NetApp (NTAP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Arista Networks (ANET) and NetApp (NTAP)
Metric	ANET	NTAP
Total Return (1Y)	38.40%	59.65%
Total Return (3Y, Annualized)	52.15%	35.23%
Total Return (5Y, Annualized)	41.19%	16.66%

Risk Profile

Drawdown History

ANET

NTAP

GSPC

Arista Networks (ANET) vs. NetApp (NTAP), 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 NetApp (NTAP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Arista Networks (ANET) and NetApp (NTAP)
Metric	ANET	NTAP
Volatility (1Y, Annualized)	56.66%	48.37%
Beta (5Y)	1.60	1.55
Max Drawdown (5Y)	-50.42%	-42.61%
Avg. Volume (3M)	6.09M	2.39M

Risk-Adjusted Performance

Risk-Return Positioning

ANET and NTAP 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 NetApp (NTAP)
Metric	ANET	NTAP
Sharpe Ratio (1Y)	0.60	1.14
Sortino Ratio (1Y)	0.87	1.84

Profitability

ROE (TTM)

Both companies show strong equity returns, but NetApp (NTAP) at 114.82% is the standout with ROE above its industry range; Arista Networks (ANET) at 33.52% also sits in the top quartile.

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%

NTAP

Technology Hardware & Equipment industry group

114.82%

NTAP: 114.82%
Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Arista Networks (ANET) vs. NetApp (NTAP): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Arista Networks (ANET) at 39.97% keeps the most of each sales dollar — above its industry’s net margin range — and NetApp (NTAP) at 19.19% also retains a top-quartile share.

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%

NTAP

Technology Hardware & Equipment industry group

19.19%

Max: 27.60%
NTAP: 19.19%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

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

Operating Margin (TTM)

Arista Networks (ANET) at 44.90% shows unusually strong operating efficiency — above its industry’s operating margin range — and NetApp (NTAP) at 26.67% also operates in the top quartile.

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%

NTAP

Technology Hardware & Equipment industry group

26.67%

Max: 36.27%
NTAP: 26.67%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for Arista Networks (ANET) and NetApp (NTAP)
Metric	ANET	NTAP
ROE (TTM)	33.52%	114.82%
ROA (TTM)	15.04%	11.66%
Net Margin (TTM)	39.97%	19.19%
Operating Margin (TTM)	44.90%	26.67%
Gross Margin (TTM)	62.88%	70.63%

Growth

Revenue Growth

Arista Networks (ANET) at 28.60% sits in the top revenue growth quartile, while NetApp (NTAP) at 5.37% is closer to the peer norm — faster top-line expansion for ANET.

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

EPS Growth

Both Arista Networks (ANET) at 23.32% and NetApp (NTAP) at 11.99% 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. NetApp (NTAP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Arista Networks (ANET) and NetApp (NTAP)
Metric	ANET	NTAP
Revenue Growth (YoY)	28.60%	5.37%
Revenue Growth (3Y CAGR)	27.15%	2.87%
EPS Growth (YoY)	23.32%	11.99%
EPS Growth (3Y CAGR)	37.08%	3.13%

Financial Strength

Current Ratio (MRQ)

Arista Networks (ANET) at 3.29 carries current ratio above its industry’s typical mid-range, while NetApp (NTAP) at 1.24 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

NTAP

Technology Hardware & Equipment industry group

1.24

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
NTAP: 1.24
Min: 0.17

Arista Networks (ANET) vs. NetApp (NTAP): 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: NetApp (NTAP) carries debt-to-equity ratio of 1.69 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: --

NTAP

Technology Hardware & Equipment industry group

1.69

Max: 1.76
NTAP: 1.69
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

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

Financial Strength Metrics

Financial strength metrics for Arista Networks (ANET) and NetApp (NTAP)
Metric	ANET	NTAP
Current Ratio (MRQ)	3.29	1.24
Debt / Equity (MRQ)	--	1.69
Net Debt / EBITDA	-2.71	-0.50

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 NetApp (NTAP) reports a yield of 1.23%, 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%

NTAP

Technology Hardware & Equipment industry group

1.23%

NTAP: 1.23%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. NetApp (NTAP): 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 NetApp (NTAP) reports a payout of 29.34%, 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%

NTAP

Technology Hardware & Equipment industry group

29.34%

Max: 32.27%
NTAP: 29.34%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Arista Networks (ANET) and NetApp (NTAP)
Metric	ANET	NTAP
Dividend Yield (TTM)	0.00%	1.23%
Dividend Payout Ratio (TTM)	0.00%	29.34%

Valuation

P/E Ratio (TTM)

NetApp (NTAP) at 23.86 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

NTAP

Technology Hardware & Equipment industry group

23.86

Max: 69.48
Q3: 41.02
Median: 26.39
NTAP: 23.86
Q1: 19.36
Min: 6.07

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

P/S Ratio (TTM)

NetApp (NTAP) at 4.50 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

NTAP

Technology Hardware & Equipment industry group

4.50

Max: 11.30
Q3: 5.82
NTAP: 4.50
Median: 2.56
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

Measured against book value, both Arista Networks (ANET) at 13.12 and NetApp (NTAP) at 22.18 look expensive — each P/B ratio sits above its industry’s benchmark range.

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

NTAP

Technology Hardware & Equipment industry group

22.18

NTAP: 22.18
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for Arista Networks (ANET) and NetApp (NTAP)
Metric	ANET	NTAP
P/E Ratio (TTM)	45.79	23.86
P/S Ratio (TTM)	18.15	4.50
P/B Ratio (MRQ)	13.12	22.18
Free Cash Flow Yield (TTM)	1.39%	3.52%