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Arista Networks ANET Free cash flow

Free cash flow at other companies

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$3.34B-11.9%
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$7.75M-68.0%
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-$2.18M+78.5%
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Hewlett Packard EnterpriseHPE
$827M+182%
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$67.01M+1,023%
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CienaCIEN
$218.65M+70.5%

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%

Valuation

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Market cap$208.33B+92.3%
P/E56×+20.2×
P/S21.5×+6.9×

Profitability

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Gross margin63.5%-0.6pp
Operating margin42.8%+0.5pp
Net margin38.3%-2.4pp
FCF margin54.4%+3.5pp

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.

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 free cash flow?
Arista Networks (ANET) reported free cash flow of $1.64B in Q1 2026.
How has Arista Networks's free cash flow changed year-over-year?
Arista Networks's free cash flow increased by 167.2% year-over-year, from $613.3M to $1.64B.
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?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.