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Arista Networks ANET Free cash flow margin

Free cash flow margin at other companies

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19.4%-3.6pp
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8.4%+2.6pp
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NetgearNTGR
-1.9%-30.0pp
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
10.3%+9.9pp
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Astera Labs, Inc.ALAB
34.2%+12.2pp
Ciena logo
CienaCIEN
15%

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+51.1%
Total debt$59.6M-9.0%
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$227.09B+50.2%
P/E61×+14.6×
P/S23.4×+4.4×

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
Debt / equity0.0×
Current ratio2.8×-1.1×

Where this comes from

Calculated from Arista Networks’s reported figures.

Based on trailing twelve months.

The source filing: Arista Networks’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 5, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001596532-26-000078

FAQ

What is Arista Networks's free cash flow margin?
Arista Networks (ANET) reported free cash flow margin of 54.4% in Q1 2026.
How has Arista Networks's free cash flow margin changed year-over-year?
Arista Networks's free cash flow margin increased by 6.8% year-over-year, from 50.9% to 54.4%.
What is the long-term trend for Arista Networks's free cash flow margin?
Over 5 years (2020 to 2025), Arista Networks's free cash flow margin has grown at a 8.7% compound annual growth rate (CAGR), from 31.1% to 47.2%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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