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Arista Networks ANET
$ 193.78 1.23%
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Quarterly report 2025-Q3
added 04-18-2026

Arista Networks Financial Ratios 2025-2011 | ANET

Brief overview of Arista Networks's financial ratios

Ratios are assessed across five available annual reports in the 2021–2025 interval.

Market valuation is represented by P/E 47.64x (median 47.64x), EV/EBITDA 39.51x (median 30.43x), P/S 12.76x (median 6.11x). On average, multiples differ from their five-year medians by only 0%. Valuation is near its familiar historical range.

Current earnings relative to valuation equal about 2.1% on the 1/P/E measure. This is a valuation reference, not an expected payout.

The latest available business-quality ratios are ROE 28.4%, ROA 18.1%, ROCE 23.2%. Business quality is high on return ratios, supporting the ability to create value.

Price, earnings and growth produce a PEG of 3.19x. A high value reduces the cushion if growth slows.

The time from paying for inputs to receiving cash fell from 191.7 days to 171.9 days. Cash turnover improved.

Valuation takeaway

Arista Networks's multiples form a balanced picture without a clear discount or premium. Future appeal depends on earnings and return trends.

Annual Financial Ratios Arista Networks

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

P/E

47.6 43.5 158.5 164.5 44.7 33.5 17.1 16.2 11.5 35.0 32.7 35.2 - - -

P/S

- - - - 12.8 9.2 6.1 2.5 3.0 5.7 4.7 5.2 - - -

EPS

2.8 2.3 1.7 1.1 2.7 2.1 2.8 4.4 5.8 2.7 1.8 1.4 0.8 0.4 -

EV (Enterprise Value)

- - - - 38.8 B 21.8 B 14.9 B 5.62 B 4.81 B 6.5 B 3.64 B 3.07 B 173 M 113 M -70.7 M

EBITDA per Share

3.12 2.39 1.88 1.3 3.18 2.42 2.75 4.03 6.79 3.83 2.47 2.8 - - -

EV/EBITDA

- - - - 39.5 30.4 19.8 21.3 38.8 22.3 20.1 20.8 - - -

PEG

3.19 6.8 -29.5 -7.34 9.15 3.5 1.78 -1.92 0.39 0.74 1.19 0.42 - - -

P/B

13.5 12.4 45.8 45.5 9.5 6.4 5.1 2.5 2.9 5.8 5.0 5.5 - - -

P/CF

38.3 33.5 162.7 451.4 37.0 28.9 15.3 10.6 7.7 58.6 21.9 30.2 - - -

ROE %

28.39 28.54 28.91 27.68 21.13 19.11 29.71 15.31 25.46 16.63 15.37 15.63 - - -

ROA %

18.05 20.31 20.96 19.96 14.66 13.39 20.54 10.65 17.20 10.65 10.44 10.71 - - -

ROCE %

- - - - 23.24 17.62 22.46 11.04 24.35 19.17 16.14 18.83 - - -

Current Ratio

2.7 3.5 3.6 3.6 3.3 3.3 3.2 3.3 3.1 3.3 4.1 4.7 - - -

DSO

- - - - 56.1 61.5 54.8 49.1 55.5 81.8 62.9 60.6 - - -

DIO

230.1 274.6 264.8 207.6 193.2 158.0 107.1 133.9 169.5 212.6 114.4 153.1 - - -

DPO

58.2 59.3 54.6 46.6 57.6 49.4 39.2 34.2 41.1 71.4 54.6 61.6 - - -

Operating Cycle

230.1 274.6 264.8 207.6 249.3 219.6 161.9 183.0 224.9 294.4 177.2 213.7 - - -

Cash Conversion Cycle

171.9 215.3 210.1 161.0 191.7 170.1 122.7 148.8 183.8 223.0 122.7 152.0 - - -

All numbers in USD currency

Quarterly Financial Ratios Arista Networks

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

0.68 0.71 0.65 - 0.59 0.53 0.51 - 1.76 1.59 1.42 - 1.16 0.98 0.88 - 0.73 0.64 0.59 2.41 2.22 1.91 1.82 3.41 2.73 2.47 2.65 2.26 2.25 -2.08 1.95 1.42 1.84 1.42 1.16 0.84 0.74 0.57 0.52 0.65 0.42 0.36 0.37 0.48 0.34 0.37 0.22 - 0.21 0.18 - - - - - - - - -

EBITDA per Share

- - 0.69 - - - 0.54 - - - 1.65 - 1.37 1.18 0.94 - 0.77 0.73 0.72 0.64 2.9 2.48 2.1 2.3 3.32 2.92 2.67 2.56 2.66 -3.07 1.95 1.89 2.15 1.76 1.1 1.09 1.13 0.92 0.8 0.73 0.62 0.6 0.6 0.6 0.66 0.92 0.83 - 0.77 0.66 - - - - - - - - -

ROE %

31.45 32.38 32.11 24.09 32.48 32.77 33.27 24.97 33.04 32.73 31.80 22.09 27.90 25.63 23.49 16.35 21.86 21.52 20.96 20.60 24.09 26.50 28.27 30.35 29.29 29.29 15.51 15.31 13.61 13.79 27.22 25.46 24.52 21.10 18.44 16.63 16.89 15.91 15.44 15.37 15.38 15.67 16.52 15.63 25.30 36.61 45.91 28.44 28.44 13.19 - - - - - - - - -

ROA %

21.53 22.63 22.98 17.59 23.60 23.80 24.08 17.81 23.55 23.28 22.41 15.34 19.46 17.84 16.49 11.59 15.45 15.15 14.71 14.39 16.76 17.93 19.11 20.54 19.84 20.32 10.76 10.65 9.34 9.31 18.52 17.20 16.38 13.91 11.99 10.65 11.04 10.55 10.37 10.44 10.48 10.70 11.30 10.71 10.13 10.69 10.84 6.06 6.06 2.81 - - - - - - - - -

ROCE %

- - - - - - - - 9.52 19.03 28.09 25.27 31.30 27.82 24.70 17.95 23.81 23.88 23.45 22.72 22.94 25.44 27.09 28.55 31.50 31.33 12.99 12.75 12.11 12.15 30.35 28.30 26.91 24.12 21.90 21.97 21.24 19.53 18.90 18.94 19.70 21.82 23.17 22.59 39.54 57.42 72.83 44.90 44.90 20.92 - - - - - - - - -

Current Ratio

2.9 2.9 3.3 3.5 3.6 3.6 3.9 3.6 3.5 3.5 3.4 3.6 3.5 3.2 3.1 3.3 3.5 3.5 3.4 3.3 3.3 3.3 3.3 3.2 3.2 3.2 3.2 3.3 3.3 3.3 3.3 3.1 3.1 3.1 3.1 2.8 2.8 2.8 2.8 3.1 3.1 3.1 3.1 3.2 3.2 3.2 3.2 1.3 1.3 1.3 - - - - - - - - -

DSO

- - - - - - - - - - - - - - 60.6 - 46.3 48.0 52.6 54.8 58.7 65.8 68.2 64.7 54.7 58.8 55.5 50.8 53.7 58.2 55.9 48.2 51.6 55.7 68.1 70.4 79.6 86.0 74.9 53.6 60.5 67.3 61.5 51.0 56.9 64.2 68.1 - 70.0 42.6 - - - - - - - - -

DIO

235.1 239.2 237.4 - 254.7 298.4 317.8 - 302.4 281.6 248.0 - 190.9 172.7 189.8 - 189.0 185.0 181.3 179.0 158.3 136.7 124.8 113.4 93.8 102.0 108.0 109.4 119.7 129.8 153.6 173.9 177.9 192.1 204.2 183.2 207.8 221.8 172.1 94.2 110.9 124.2 126.7 124.8 130.6 162.3 187.6 - 175.1 113.1 - - - - - - - - -

DPO

57.2 55.6 48.2 - 41.2 40.1 52.7 - 50.0 54.1 47.0 - 54.1 53.6 57.5 - 47.4 50.8 51.0 58.0 59.2 48.2 43.7 42.8 35.4 38.5 39.5 38.8 42.4 46.0 39.3 29.6 30.3 32.8 49.5 61.5 69.8 74.5 64.7 44.9 52.9 59.3 56.9 51.9 54.3 66.4 66.8 - 36.8 22.7 - - - - - - - - -

Operating Cycle

235.1 239.2 237.4 - 254.7 298.4 317.8 - 302.4 281.6 248.0 - 190.9 172.7 250.4 - 235.3 233.0 233.9 241.9 217.0 202.5 193.0 178.1 148.5 160.8 163.4 160.2 173.4 188.1 209.5 222.1 229.5 247.8 272.2 253.6 287.4 307.8 247.0 147.8 171.4 191.6 188.1 175.8 187.5 226.4 255.8 - 245.2 155.8 - - - - - - - - -

Cash Conversion Cycle

177.9 183.6 189.2 - 213.4 258.3 265.1 - 252.4 227.4 201.1 - 136.8 119.2 192.9 - 187.9 182.2 182.9 189.6 157.9 154.2 149.3 135.3 113.0 122.3 124.0 121.4 131.0 142.1 170.2 192.5 199.2 215.1 222.7 192.1 217.6 233.2 182.3 102.8 118.5 132.3 131.3 123.9 133.2 160.0 189.0 - 208.4 133.0 - - - - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Arista Networks, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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