Free cash flow
Arista Networks Free cash flow decreased by 1.1% to $1.22B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.3%, from $1.02B to $1.22B. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 45.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $258.90M | $226.69M | $215.96M | $202.26M | $92.23M | $123.67M | $30.01M | $368.85M | $422.51M | $687.77M | $520.45M | $504.41M | $985.85M | $1.17B | $1.02B | $613.30M | $1.18B | $1.24B | $1.22B |
| QoQ Change | — | -12.4% | -4.7% | -6.3% | -54.4% | +34.1% | -75.7% | >999% | +14.5% | +62.8% | -24.3% | -3.1% | +95.4% | +18.4% | -12.8% | -39.8% | +91.8% | +5.3% | -1.1% |
| YoY Change | — | — | — | — | -64.4% | -45.4% | -86.1% | +82.4% | +358.1% | +456.2% | >999% | +36.8% | +133.3% | +69.7% | +95.7% | +21.6% | +19.3% | +6.1% | +20.3% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Arista Networks's free cash flow?
- Arista Networks (ANET) reported free cash flow of $1.22B in Q4 2025.
- How has Arista Networks's free cash flow changed year-over-year?
- Arista Networks's free cash flow increased by 20.3% year-over-year, from $1.02B to $1.22B.
- What is the long-term trend for Arista Networks's free cash flow?
- Over 4 years (2021 to 2025), Arista Networks's free cash flow has grown at a 45.4% compound annual growth rate (CAGR), from $951.12M to $4.25B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.