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%-0.6pp	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
EBITDA margin	43.6%+0.6pp	43.6%+0.7pp	43.7%+0.6pp	43.9%+1.6pp	43.1%+2.0pp
Free cash flow margin	54.4%+3.5pp	47.2%-5.3pp	47.9%-0.2pp	50%+7.2pp	50.9%+15.8pp
Returns
Return on equity	31.5%-2.2pp	31.4%-1.7pp	31.7%-2.1pp	33.6%-0.8pp	33.7%-1.0pp
Return on assets	20.6%-3.6pp	21%-2.8pp	21.7%-2.6pp	23.1%-1.8pp	24.2%-1.1pp
Efficiency
Asset turnover	0.5×-0.1×	0.5×0.0×	0.5×-0.1×	0.6×-0.1×	0.6×-0.1×
Inventory turnover	1.6×+0.3×	1.6×+0.3×	1.5×+0.2×	1.5×+0.2×	1.3×+0.1×
Liquidity
Current ratio	2.8×-1.1×	3×-1.3×	3.3×-1.2×	3.3×-1.2×	3.9×-1.1×
Quick ratio	2.5×-0.8×	2.6×-1.1×	2.8×-0.9×	2.8×-0.9×	3.3×-0.6×
Cash ratio	0.4×-0.2×	0.4×-0.6×	0.5×-0.8×	0.5×-0.6×	0.6×-0.6×
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×
Free cash flow yield	3.4%-0.5pp	2.6%-0.1pp	2.2%-0.4pp	3.3%+0.9pp	3.9%+1.5pp
Earnings yield	2.4%-0.7pp	2.1%+0.1pp	1.8%-0.4pp	2.7%+0.5pp	3.1%+0.6pp
PEG ratio	1.8×+0.8×	2×+0.7×	2.1×+1.0×	1.1×+0.1×	1×+0.2×

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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.