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.

Arista Networks ANET Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	63.5%-0.5pp	64.1%-0.3pp	64.3%+0.1pp	64.2%+0.1pp	64.1%0.0pp
Operating margin	42.8%0.0pp	42.8%-0.1pp	42.9%-0.3pp	43.1%+0.9pp	42.3%+0.2pp
Net margin	38.3%-0.7pp	39%-0.7pp	39.7%-1.2pp	40.9%+0.2pp	40.7%0.0pp
EBITDA margin	43.6%0.0pp	43.6%0.0pp	43.7%-0.2pp	43.9%+0.8pp	43.1%+0.1pp
Free cash flow margin	54.4%+7.1pp	47.2%-0.7pp	47.9%-2.1pp	50%-0.9pp	50.9%-1.6pp
Returns
Return on equity	31.5%+0.1pp	31.4%-0.3pp	31.7%-1.9pp	33.6%0.0pp	33.7%+0.5pp
Return on assets	20.6%-0.4pp	21%-0.8pp	21.7%-1.4pp	23.1%-1.1pp	24.2%+0.4pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.6×0.0×	0.6×0.0×
Inventory turnover	1.6×0.0×	1.6×+0.1×	1.5×+0.1×	1.5×+0.1×	1.3×0.0×
Liquidity
Current ratio	2.8×-0.2×	3×-0.2×	3.3×-0.1×	3.3×-0.6×	3.9×-0.4×
Quick ratio	2.5×-0.2×	2.6×-0.2×	2.8×0.0×	2.8×-0.5×	3.3×-0.4×
Cash ratio	0.4×+0.1×	0.4×-0.1×	0.5×-0.1×	0.5×0.0×	0.6×-0.4×
Per Share
Book value per share	$10.59+9.2%	$9.70+4.0%	$9.33+8.8%	$8.58+8.4%	$7.91+1.4%
Valuation
Market capitalization	$154.28B-6.5%	$165B-9.9%	$183.14B+53.5%	$119.27B+22.1%	$97.71B-29.8%
Price / earnings	41.5×-5.5×	47×-7.6×	54.6×+17.9×	36.7×+4.4×	32.3×-16.6×
Price / sales	15.9×-2.4×	18.3×-3.4×	21.7×+6.7×	15×+1.9×	13.1×-6.7×
Price / book	11.4×-1.9×	13.3×-2.0×	15.4×+4.4×	10.9×+1.3×	9.7×-4.3×
Free cash flow yield	3.4%+0.8pp	2.6%+0.4pp	2.2%-1.1pp	3.3%-0.5pp	3.9%+1.2pp
Earnings yield	2.4%+0.3pp	2.1%+0.3pp	1.8%-0.9pp	2.7%-0.4pp	3.1%+1.1pp
PEG ratio	1.8×-0.2×	2×-0.1×	2.1×+1.0×	1.1×+0.1×	1×-0.3×

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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.