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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Arista Networks's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$2.95 B | $4.38 B | $5.86 B | $7.00 B | $9.01 B |
| Cost of Revenue |
|
$1.07 B | $1.71 B | $2.23 B | $2.51 B | $3.24 B |
| Gross Profit |
|
$1.88 B | $2.68 B | $3.63 B | $4.49 B | $5.77 B |
| Research & Development |
|
$586.75 M | $728.39 M | $854.92 M | $996.72 M | $1.24 B |
| Selling,General & Administrative |
|
$369.29 M | $420.20 M | $518.11 M | $549.97 M | $675.30 M |
| Operating Expense |
|
$956.04 M | $1.15 B | $1.37 B | $1.55 B | $1.91 B |
| Operating Income |
|
$924.74 M | $1.53 B | $2.26 B | $2.94 B | $3.86 B |
| Net Income |
|
$840.85 M | $1.35 B | $2.09 B | $2.85 B | $3.51 B |
Arista Networks's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$3.41 B | $3.02 B | $5.01 B | $8.30 B | $10.74 B |
| Inventories |
|
$650.12 M | $1.29 B | $1.95 B | $1.83 B | $2.25 B |
| Total Current Assets |
|
$4.81 B | $5.55 B | $8.40 B | $11.91 B | $16.39 B |
| Property,Plant and Equipment |
|
$143.82 M | $95.01 M | $157.47 M | $150.80 M | $203.10 M |
| Goodwill |
|
$188.40 M | $265.92 M | $268.53 M | $268.53 M | $416.10 M |
| Total Assets |
|
$5.73 B | $6.78 B | $9.96 B | $14.04 B | $19.45 B |
| Total Liabilities |
|
$1.76 B | $1.89 B | $2.74 B | $4.05 B | $7.08 B |
| Retained Earnings |
|
$2.46 B | $3.14 B | $5.11 B | $7.54 B | $9.45 B |
| Total Shareholder Equity |
|
$3.98 B | $4.89 B | $7.22 B | $9.99 B | $12.37 B |
| Common Stock |
|
$31.00 K | $31.00 K | $125.00 K | $126.00 K | $100.00 K |
Arista Networks's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$50.33 M | $62.70 M | $70.63 M | $62.04 M | $72.60 M |
| Dividends Payout |
|
- | - | - | - | - |
| Capital Expenditures (Capex) |
|
-$64.74 M | -$44.64 M | -$34.43 M | -$32.03 M | -$119.50 M |
| Free Cash Flow (FCF) |
|
$951.12 M | $448.17 M | $2.00 B | $3.68 B | $4.25 B |
Arista Networks's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$1.88 B | $2.68 B | $3.63 B | $4.49 B | $5.77 B |
| Gross Profit Margin (%) |
|
63.80% | 61.07% | 61.95% | 64.13% | 64.06% |
| Operating Income |
|
$924.74 M | $1.53 B | $2.26 B | $2.94 B | $3.86 B |
| Operating Income Margin (%) |
|
31.37% | 34.86% | 38.52% | 42.05% | 42.82% |
| Net Income |
|
$840.85 M | $1.35 B | $2.09 B | $2.85 B | $3.51 B |
| Net Income Margin (%) |
|
28.52% | 30.87% | 35.62% | 40.73% | 38.99% |
| EBITDA |
|
$975.07 M | $1.59 B | $2.33 B | $3.01 B | $3.86 B |
| EBITDA Margin (%) |
|
33.08% | 36.29% | 39.72% | 42.93% | 43.62% |
Arista Networks's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
21.13% | 27.68% | 28.91% | 28.54% | - |
| Return on Assets (ROA) |
|
14.66% | 19.96% | 20.96% | 20.31% | - |
| Debt to Equity |
|
1.42% | 0.90% | - | - | - |
| Debt to total asset |
|
0.99% | 0.65% | - | - | - |
| Enterprise value to revenue |
|
14.76 | 8.35 | 12.10 | 19.43 | 0.00 |
| Enterprise value to EBITDA |
|
44.61 | 23.00 | 30.47 | 45.27 | 0.00 |
| Enterprise value |
|
$43.50 B | $36.57 B | $70.92 B | $136.10 B | - |
| Tax Rate (%) |
|
9.67% | 14.50% | 13.82% | 12.65% | 17.37% |





