Arista Networks ANET Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 63.5%-0.6pp | 64.1%-0.1pp | 64.3%-0.1pp | 64.2%+0.2pp | 64.1%+1.1pp | |
| Operating margin | 42.8%+0.5pp | 42.8%+0.8pp | 42.9%+0.8pp | 43.1%+1.9pp | 42.3%+2.3pp | |
| Net margin | 38.3%-2.4pp | 39%-1.7pp | 39.7%-0.6pp | 40.9%+1.9pp | 40.7%+3.1pp | |
| Returns | ||||||
| Return on equity | 31.5%-2.2pp | 31.4%-1.7pp | 31.7%-2.1pp | 33.6%-0.8pp | 33.7%-1.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×-0.1× | 0.5×0.0× | 0.5×-0.1× | 0.6×-0.1× | 0.6×-0.1× | |
| Liquidity | ||||||
| Current ratio | 2.8×-1.1× | 3×-1.3× | 3.3×-1.2× | 3.3×-1.2× | 3.9×-1.1× | |
| Per Share | ||||||
| Book value per share | $10.59+33.8% | $9.70+24.3% | $9.33+29.3% | $8.58+30.2% | $7.91+28.7% | |
| Valuation | ||||||
| Market capitalization | $154.28B+57.9% | $165B+18.5% | $183.14B+51.9% | $119.27B+8.6% | $97.71B+7.8% | |
| Price / earnings | 41.5×+9.2× | 47×-1.8× | 54.6×+9.3× | 36.7×-7.9× | 32.3×-7.3× | |
| Price / sales | 15.9×+2.7× | 18.3×-1.6× | 21.7×+3.4× | 15×-2.4× | 13.1×-1.8× | |
| Price / book | 11.4×+1.8× | 13.3×-0.6× | 15.4×+2.3× | 10.9×-2.1× | 9.7×-1.9× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Arista Networks's profit margins?
- Arista Networks (ANET) runs a 63.5% gross margin and a 42.8% operating margin, with a 38.3% net margin.
- Where do Arista Networks's ratios come from?
- Every ratio is computed from Arista Networks's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
