ANET logo Arista Networks +
  • Income Statement
  • Balance Sheet
  • Cashflow Statement
  • Profitability
  • Ratios

Arista Networks Income Statement

  Chart 2020 2021 2022 2023 2024
Revenue
$2.32 B $2.95 B $4.38 B $5.86 B $7.00 B
Cost of Revenue
$835.63 M $1.07 B $1.71 B $2.23 B $2.51 B
Gross Profit
$1.48 B $1.88 B $2.68 B $3.63 B $4.49 B
Research & Development
$486.59 M $586.75 M $728.39 M $854.92 M $996.72 M
Selling,General & Administrative
$295.61 M $369.29 M $420.20 M $518.11 M $549.97 M
Operating Expense
$782.20 M $956.04 M $1.15 B $1.37 B $1.55 B
Operating Income
$699.68 M $924.74 M $1.53 B $2.26 B $2.94 B
Net Income
$634.56 M $840.85 M $1.35 B $2.09 B $2.85 B

Arista Networks Balance Sheet

Chart 2020 2021 2022 2023 2024
Cash and Cash Equivalents
$2.87 B $3.41 B $3.02 B $5.01 B $8.30 B
Inventories
$479.67 M $650.12 M $1.29 B $1.95 B $1.83 B
Total Current Assets
$3.84 B $4.81 B $5.55 B $8.39 B $11.91 B
Property,Plant and Equipment
$109.52 M $143.82 M $148.40 M $101.58 M $98.85 M
Goodwill
$189.70 M $188.40 M $265.92 M $268.53 M $268.53 M
Total Assets
$4.74 B $5.73 B $6.78 B $9.95 B $14.04 B
Total Liabilities
$1.42 B $1.76 B $1.89 B $2.73 B $4.05 B
Retained Earnings
$2.03 B $2.46 B $3.14 B $5.11 B $7.54 B
Total Shareholder Equity
$3.32 B $3.98 B $4.89 B $7.22 B $9.99 B
Common Stock
$8.00 K $31.00 K $31.00 K $31.00 K $126.00 K

Arista Networks Cash flow

Chart 2020 2021 2022 2023 2024
Depreciation & Amortization
$44.59 M $50.33 M $62.70 M $70.63 M $1.57 M
Dividends Payout
- - - - -
Capital Expenditures (Capex)
-$15.38 M -$64.74 M -$44.64 M -$34.43 M -$32.03 M
Free Cash Flow (FCF)
$719.73 M $951.12 M $448.17 M $2.00 B $3.68 B

Arista Networks Profitability

Chart 2020 2021 2022 2023 2024
Gross Profit
$1.48 B $1.88 B $2.68 B $3.63 B $4.49 B
Gross Profit Margin (%)
63.94% 63.80% 61.07% 61.95% 64.13%
Operating Income
$699.68 M $924.74 M $1.53 B $2.26 B $2.94 B
Operating Income Margin (%)
30.19% 31.37% 34.86% 38.52% 42.05%
Net Income
$634.56 M $840.85 M $1.35 B $2.09 B $2.85 B
Net Income Margin (%)
27.38% 28.52% 30.87% 35.62% 40.73%
EBITDA
$734.84 M $975.07 M $1.59 B $2.33 B $3.01 B
EBITDA Margin (%)
31.71% 33.08% 36.29% 39.72% 42.93%

Arista Networks Ratios

Chart 2020 2021 2022 2023 2024
Return on Equity (ROE)
19.11% 21.13% 27.68% 28.91% 28.54%
Return on Assets (ROA)
13.39% 14.66% 19.96% 20.98% 20.31%
Debt to Equity
2.18% 1.42% 0.90% - -
Debt to total asset
1.53% 0.99% 0.65% - -
Enterprise value to revenue
9.17 14.76 8.35 12.10 19.43
Enterprise value to EBITDA
28.93 44.61 23.00 30.47 45.27
Enterprise value
$21.26 B $43.50 B $36.57 B $70.92 B $136.10 B
Cash to Debt
1,015.39% 1,797.12% 1,120.95% - -
Tax Rate (%)
14.12% 9.67% 14.50% 13.82% 12.65%
Payout Ratio
- - - - -