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Arista Networks ANET Debt-to-equity

Debt-to-equity at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
0.7×0.0×
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
0.9×+0.2×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
Ciena logo
CienaCIEN
0.5×0.0×
Coherent logo
CoherentCOHR
0.3×-0.4×
CoreWeave, Inc.
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CoreWeave, Inc. CRWV
7.4×+1.1×

Other financials

Income statement

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Revenue$2.7B+35.1%
Gross profit$1.7B+31.4%
Operating income$1.2B+34.8%
Net income$1.0B+25.7%
EPS (diluted)$0.80+25.0%

Balance sheet

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Cash & equivalents$2.8B+51.2%
Total equity$13.5B+33.3%
Total assets$21.7B+49.2%

Cash flow

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Operating cash flow$1.7B+164%
CapEx$54.5M+91.9%
Free cash flow$1.6B+167%

Valuation

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Market cap$207.67B+57.9%
P/E55.8×+12.4×
P/S21.4×+3.7×

Profitability

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Gross margin63.5%-0.6pp
Operating margin42.8%+0.5pp
Net margin38.3%-2.4pp

Returns & leverage

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Return on equity31.5%-2.2pp
Current ratio2.8×-1.1×

Where this comes from

Calculated from Arista Networks’s reported figures.

Based on the most recent quarter.

The official record: Arista Networks’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arista Networks's debt-to-equity?
Arista Networks (ANET) reported debt-to-equity of 0× in Q4 2024.
How has Arista Networks's debt-to-equity changed year-over-year?
Arista Networks's debt-to-equity decreased by 34.1% year-over-year, from 0× to 0×.
What is the long-term trend for Arista Networks's debt-to-equity?
Over 2 years (2021 to 2023), Arista Networks's debt-to-equity has grown at a -29.7% compound annual growth rate (CAGR), from 0.1× to 0×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.