Last 48 quarters of trend data · Technology · Computer Hardware
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Arista Networks, Inc.'s quarterly P/E stands at 38.4x, up 26.8% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 19.0% YoY to 33.2x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 51.55 | 38.37 | 43.68 | 54.37 | 36.54 | 30.27 | 44.57 | 41.36 | 42.13 | 36.25 | 30.67 | 26.73 | 25.97 |
| — | +26.8% | -2.0% | +31.4% | -13.3% | -16.5% | +45.3% | +54.7% | +62.2% | +20.9% | +37.5% | +6.1% | +6.4% | |
| P/S Ratio | 19.82 | 14.43 | 16.80 | 20.15 | 14.75 | 12.36 | 18.37 | 16.98 | 16.58 | 14.76 | 12.19 | 9.68 | 8.79 |
| — | +16.8% | -8.6% | +18.6% | -11.1% | -16.3% | +50.7% | +75.5% | +88.7% | +50.6% | +62.6% | +28.3% | +24.6% | |
| P/B Ratio | 14.62 | 11.60 | 13.51 | 15.62 | 11.93 | 9.79 | 14.19 | 13.30 | 13.30 | 11.80 | 10.40 | 8.98 | 8.76 |
| — | +18.4% | -4.8% | +17.4% | -10.3% | -17.0% | +36.4% | +48.1% | +51.9% | +18.7% | +32.9% | +11.0% | +18.2% | |
| P/FCF | 41.97 | 23.86 | 34.12 | 37.56 | 27.65 | 40.40 | 34.82 | 26.34 | 28.44 | 45.98 | 36.07 | 21.23 | 30.35 |
| — | -41.0% | -2.0% | +42.6% | -2.8% | -12.1% | -3.5% | +24.0% | -6.3% | +28.0% | -88.7% | -70.4% | -62.3% | |
| EV / EBITDA | 44.93 | 33.17 | 39.12 | 45.86 | 31.99 | 27.87 | 42.66 | 37.40 | 38.35 | 33.54 | 27.95 | 22.88 | 22.83 |
| — | +19.0% | -8.3% | +22.6% | -16.6% | -16.9% | +52.6% | +63.5% | +68.0% | +30.2% | +44.6% | +14.2% | +18.0% | |
| EV / EBIT | 45.78 | 33.17 | 39.99 | 46.95 | 32.40 | 28.31 | 43.48 | 38.15 | 39.20 | 34.33 | 28.58 | 23.53 | 23.62 |
| — | +17.1% | -8.0% | +23.1% | -17.3% | -17.5% | +52.1% | +62.1% | +65.9% | +27.8% | +42.5% | +12.8% | +17.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Arista Networks, Inc.'s operating margin was 42.7% in Q1 2026, up 1.2 pp QoQ and down 0.1 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.1% | 61.9% | 62.9% | 64.6% | 65.2% | 63.7% | 63.8% | 64.2% | 64.9% | 63.7% | 64.9% | 62.4% | 60.6% |
| — | -2.8% | -1.4% | +0.6% | +0.5% | -0.1% | -1.7% | +2.7% | +7.1% | +7.0% | +7.7% | +3.5% | -0.9% | |
| Operating Margin | 42.8% | 42.7% | 41.5% | 42.4% | 44.7% | 42.8% | 41.4% | 43.4% | 41.4% | 42.0% | 41.5% | 39.9% | 36.3% |
| — | -0.2% | +0.2% | -2.3% | +8.1% | +2.0% | -0.3% | +8.6% | +13.9% | +17.2% | +13.0% | +12.6% | +5.3% | |
| Net Margin | 39.0% | 37.8% | 38.4% | 37.0% | 40.3% | 40.6% | 41.5% | 41.3% | 39.4% | 40.6% | 39.8% | 36.1% | 33.7% |
| — | -7.0% | -7.4% | -10.5% | +2.4% | +0.0% | +4.2% | +14.3% | +16.8% | +25.6% | +19.0% | +20.1% | +18.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 31.4% | 7.9% | 7.9% | 7.5% | 8.5% | 8.1% | 8.3% | 8.5% | 8.2% | 8.5% | 8.9% | 8.8% | 8.8% |
| — | -2.2% | -5.4% | -11.6% | +3.5% | -4.3% | -6.9% | -4.1% | -7.1% | -1.0% | -2.9% | +4.6% | +19.9% | |
| ROA | 21.0% | 5.0% | 5.1% | 4.9% | 5.7% | 5.7% | 6.0% | 6.1% | 6.0% | 6.2% | 6.5% | 6.3% | 6.3% |
| — | -12.7% | -14.4% | -19.3% | -4.6% | -8.4% | -7.6% | -3.3% | -4.0% | +2.0% | -2.3% | +7.0% | +24.8% | |
| ROIC | 32.8% | 8.2% | 7.8% | 8.0% | 8.7% | 8.3% | 9.0% | 9.8% | 8.9% | 9.0% | 9.5% | 9.6% | 8.8% |
| — | -0.9% | -14.0% | -17.6% | -2.1% | -7.3% | -5.3% | +2.0% | +1.8% | +7.1% | +7.9% | +11.2% | +14.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 28.1% YoY to 2.83x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | 0.01 | 0.01 |
| — | — | — | — | — | — | — | — | — | — | — | -31.2% | -31.7% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | 0.08 | 0.09 |
| — | — | — | — | — | — | — | — | — | — | — | -28.4% | -31.2% | |
| Current Ratio | 3.05 | 2.83 | 3.05 | 3.25 | 3.33 | 3.93 | 4.36 | 4.47 | 4.55 | 5.01 | 4.38 | 4.15 | 4.14 |
| — | -28.1% | -30.1% | -27.2% | -26.8% | -21.4% | -0.4% | +7.8% | +10.0% | +26.5% | +2.0% | +3.4% | +11.8% | |
| Quick Ratio | 2.63 | 2.47 | 2.63 | 2.79 | 2.82 | 3.31 | 3.69 | 3.74 | 3.70 | 3.87 | 3.36 | 3.12 | 3.01 |
| — | -25.4% | -28.7% | -25.4% | -23.6% | -14.6% | +9.7% | +19.9% | +22.7% | +33.7% | +2.1% | -0.4% | -0.7% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Arista Networks, Inc.'s current P/E is 51.5x. The average P/E over the last 4 quarters is 43.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Arista Networks, Inc.'s current operating margin is 42.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Arista Networks, Inc.'s business trajectory between earnings reports.