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Arista Networks ANET Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin63.5%-0.6pp64.1%-0.1pp64.3%-0.1pp64.2%+0.2pp64.1%+1.1pp
Operating margin42.8%+0.5pp42.8%+0.8pp42.9%+0.8pp43.1%+1.9pp42.3%+2.3pp
Net margin38.3%-2.4pp39%-1.7pp39.7%-0.6pp40.9%+1.9pp40.7%+3.1pp
Returns
Return on equity31.5%-2.2pp31.4%-1.7pp31.7%-2.1pp33.6%-0.8pp33.7%-1.0pp
Efficiency
Asset turnover0.5×-0.1×0.5×0.0×0.5×-0.1×0.6×-0.1×0.6×-0.1×
Liquidity
Current ratio2.8×-1.1×-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 / earnings41.5×+9.2×47×-1.8×54.6×+9.3×36.7×-7.9×32.3×-7.3×
Price / sales15.9×+2.7×18.3×-1.6×21.7×+3.4×15×-2.4×13.1×-1.8×
Price / book11.4×+1.8×13.3×-0.6×15.4×+2.3×10.9×-2.1×9.7×-1.9×

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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.