Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
ANET · NYSE · Technology
Fundamental quality
94
out of 100
Arista Networks, Inc. fits the profile of a quality compounder: it pairs high return on capital (ROE 27.6%) with wide margins (net margin 38.3%) and a business that keeps growing (31.4% a year). On fundamental quality it scores 94 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Arista Networks sells the high-performance network switches that connect servers inside large data centers, with a software operating system (EOS) that is its real edge. Cloud and AI giants are its biggest customers.
EPS growth: 40.1% · Revenue growth: 31.4%
Net margin: 38.3% · ROE: 27.6% · ROIC: 31.6%
Net debt/EBITDA: -0.66x · FCF: 54.4%
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength, and here its pillars hold up evenly.
Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 2,318 | 635 | 720 | -893 |
| 2021 | 2,948 | 841 | 951 | -621 |
| 2022 | 4,381 | 1,352 | 448 | -672 |
| 2023 | 5,860 | 2,087 | 2,000 | -1,939 |
| 2024 | 7,003 | 2,852 | 3,676 | -2,762 |
| 2025 | 9,006 | 3,511 | 4,252 | -1,964 |
Between 2020 and 2025, revenue went from $2,318M to $9,006M (+289%) and net income went from $635M to $3,511M (+453%). Meanwhile, its margins have widened (from 27% to 39%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.
The serious investor's standard
Open free account →Anyone who wants low commissions and access to almost any market in the world.
Popular in the U.S.
Open free account →Anyone investing in the U.S. who wants a powerful, commission-free stock app.
Investing carries risk of loss.
Is Arista Networks, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Arista Networks, Inc. a good company to invest in?
In terms of business quality, Arista Networks, Inc. scores 94 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Arista Networks, Inc. a profitable company?
Very. Arista Networks, Inc. shows a net margin of 38.3% and an ROE of 27.6%, typical of a highly profitable business.
Does Arista Networks, Inc. have a lot of debt?
No. Arista Networks, Inc. has a net cash position: more cash than debt.
Is Arista Networks, Inc. growing?
Its revenue has grown 31.4% annualized in recent years and its earnings per share 40.1%, and without interruption since 2020.
Does Arista Networks, Inc. generate cash?
Yes. It converts about 54.4% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
More Technology companies
First Solar (FSLR) · Garmin (GRMN) · Akamai (AKAM) · NetApp (NTAP) · Skyworks Solutions (SWKS) · Qorvo (QRVO) · see more →
The best Technology stocks by our model →
Compare Arista Networks, Inc. with 500+ companies in the screener →
Who's behind the methodology and model · how the score is computed
Data: see Arista Networks, Inc.'s filings on EDGAR
Spotted a figure that looks wrong? Report it and we'll review it.