ANET vs. STX: Arista Networks vs. Seagate Stock Comparison

October 14, 2026

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

Company profile comparison for Arista Networks (ANET) and Seagate (STX)
Profile Item	ANET	STX
Name	Arista Networks Inc.	Seagate Technology Holdings plc
Country/Region	United States	Singapore
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	265.97 billion USD	171.28 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 6, 2014	December 11, 2002
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ANET

STX

GSPC

Arista Networks (ANET) vs. Seagate (STX), 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

Loading price history…

Trailing total returns for Arista Networks (ANET) and Seagate (STX). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Arista Networks (ANET) and Seagate (STX)
Metric	ANET	STX
Total Return (1Y)	35.94%	235.34%
Total Return (3Y, Annualized)	61.64%	124.74%
Total Return (5Y, Annualized)	52.89%	60.34%

Risk Profile

Drawdown History

ANET

STX

GSPC

Arista Networks (ANET) vs. Seagate (STX), 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

Loading price history…

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

Risk Metrics

Risk profile metrics for Arista Networks (ANET) and Seagate (STX)
Metric	ANET	STX
Volatility (1Y, Annualized)	53.57%	75.70%
Beta (5Y)	1.57	2.09
Max Drawdown (5Y)	-50.42%	-56.99%
Avg. Volume (3M)	6.03M	4.61M

Risk-Adjusted Performance

Risk-Return Positioning

ANET and STX 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 Seagate (STX)
Metric	ANET	STX
Sharpe Ratio (1Y)	0.59	3.05
Sortino Ratio (1Y)	0.85	4.87

Profitability

ROE (TTM)

Both companies show strong equity returns, but Seagate (STX) at 371.53% is the standout with ROE above its industry range; Arista Networks (ANET) at 31.48% also sits in the top quartile.

ANET

Technology Hardware & Equipment industry group

31.48%

Max: 44.01%
ANET: 31.48%
Q3: 18.64%
Median: 10.41%
Q1: 0.19%
Min: -24.95%

STX

Technology Hardware & Equipment industry group

371.53%

STX: 371.53%
Max: 44.01%
Q3: 18.64%
Median: 10.41%
Q1: 0.19%
Min: -24.95%

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

Net Margin (TTM)

Arista Networks (ANET) at 38.37% keeps the most of each sales dollar — above its industry’s net margin range — and Seagate (STX) at 26.11% also retains a top-quartile share.

ANET

Technology Hardware & Equipment industry group

38.37%

ANET: 38.37%
Max: 27.62%
Q3: 10.85%
Median: 3.68%
Q1: -0.47%
Min: -12.98%

STX

Technology Hardware & Equipment industry group

26.11%

Max: 27.62%
STX: 26.11%
Q3: 10.85%
Median: 3.68%
Q1: -0.47%
Min: -12.98%

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

Operating Margin (TTM)

Before financing and tax, both Arista Networks (ANET) at 45.39% and Seagate (STX) at 43.07% run unusually efficient core operations — each operating margin clears its industry’s benchmark range.

ANET

Technology Hardware & Equipment industry group

45.39%

ANET: 45.39%
Max: 36.27%
Q3: 17.59%
Median: 7.45%
Q1: 1.96%
Min: -21.39%

STX

Technology Hardware & Equipment industry group

43.07%

STX: 43.07%
Max: 36.27%
Q3: 17.59%
Median: 7.45%
Q1: 1.96%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for Arista Networks (ANET) and Seagate (STX)
Metric	ANET	STX
ROE (TTM)	31.48%	371.53%
ROA (TTM)	14.12%	29.36%
Net Margin (TTM)	38.37%	26.11%
Operating Margin (TTM)	45.39%	43.07%
Gross Margin (TTM)	63.00%	45.58%

Growth

Revenue Growth

Both Arista Networks (ANET) at 28.60% and Seagate (STX) at 34.06% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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

EPS Growth

Seagate (STX) at 105.31% sits in the top EPS growth quartile, while Arista Networks (ANET) at 23.32% is closer to the peer norm — faster per-share earnings growth for STX.

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

Growth Metrics

Growth metrics for Arista Networks (ANET) and Seagate (STX)
Metric	ANET	STX
Revenue Growth (YoY)	28.60%	34.06%
Revenue Growth (3Y CAGR)	27.15%	18.20%
EPS Growth (YoY)	23.32%	105.31%
EPS Growth (3Y CAGR)	37.08%	--

Financial Strength

Current Ratio (MRQ)

Both Arista Networks (ANET) at 2.96 and Seagate (STX) at 1.67 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ANET

Technology Hardware & Equipment industry group

2.96

Max: 5.34
Q3: 3.18
ANET: 2.96
Median: 2.02
Q1: 1.32
Min: 0.17

STX

Technology Hardware & Equipment industry group

1.67

Max: 5.34
Q3: 3.18
Median: 2.02
STX: 1.67
Q1: 1.32
Min: 0.17

Arista Networks (ANET) vs. Seagate (STX): 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: Seagate (STX) carries debt-to-equity ratio of 1.80 against its industry range, while Arista Networks (ANET) reports no figure this period.

ANET

Technology Hardware & Equipment industry group

Max: 1.80
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.00
ANET: --

STX

Technology Hardware & Equipment industry group

1.80

STX: 1.80
Max: 1.80
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Arista Networks (ANET) and Seagate (STX)
Metric	ANET	STX
Current Ratio (MRQ)	2.96	1.67
Debt / Equity (MRQ)	--	1.80
Net Debt / EBITDA	-2.88	0.49

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 Seagate (STX) reports a yield of 0.38%, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 0.83%
Q3: 0.34%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

STX

Technology Hardware & Equipment industry group

0.38%

Max: 0.83%
STX: 0.38%
Q3: 0.34%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. Seagate (STX): 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 Seagate (STX) reports a payout of 21.15%, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 41.44%
Q3: 18.11%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

STX

Technology Hardware & Equipment industry group

21.15%

Max: 41.44%
STX: 21.15%
Q3: 18.11%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Arista Networks (ANET) and Seagate (STX)
Metric	ANET	STX
Dividend Yield (TTM)	0.00%	0.38%
Dividend Payout Ratio (TTM)	0.00%	21.15%

Valuation

P/E Ratio (TTM)

Both Arista Networks (ANET) at 64.69 and Seagate (STX) at 54.19 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

ANET

Technology Hardware & Equipment industry group

64.69

Max: 91.79
ANET: 64.69
Q3: 53.64
Median: 35.67
Q1: 21.42
Min: 11.40

STX

Technology Hardware & Equipment industry group

54.19

Max: 91.79
STX: 54.19
Q3: 53.64
Median: 35.67
Q1: 21.42
Min: 11.40

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

P/S Ratio (TTM)

Both look expensive on sales: Seagate (STX) at 14.05 sits in the upper P/S ratio quartile, and Arista Networks (ANET) at 25.23 prices even higher, above its industry range.

ANET

Technology Hardware & Equipment industry group

25.23

ANET: 25.23
Max: 14.34
Q3: 7.85
Median: 3.28
Q1: 1.35
Min: 0.00

STX

Technology Hardware & Equipment industry group

14.05

Max: 14.34
STX: 14.05
Q3: 7.85
Median: 3.28
Q1: 1.35
Min: 0.00

Arista Networks (ANET) vs. Seagate (STX): 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 17.97 and Seagate (STX) at 78.83 look expensive — each P/B ratio sits above its industry’s benchmark range.

ANET

Technology Hardware & Equipment industry group

17.97

ANET: 17.97
Max: 10.62
Q3: 6.72
Median: 3.64
Q1: 2.19
Min: 0.30

STX

Technology Hardware & Equipment industry group

78.83

STX: 78.83
Max: 10.62
Q3: 6.72
Median: 3.64
Q1: 2.19
Min: 0.30

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

Valuation Metrics

Valuation metrics for Arista Networks (ANET) and Seagate (STX)
Metric	ANET	STX
P/E Ratio (TTM)	64.69	54.19
P/S Ratio (TTM)	25.23	14.05
P/B Ratio (MRQ)	17.97	78.83
Free Cash Flow Yield (TTM)	1.46%	1.13%