Last 47 quarters of trend data · Technology · Computer Hardware
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 62.68 | 44.71 | 38.37 | 43.68 | 54.37 | 36.54 | 30.27 | 44.57 | 41.36 | 42.13 | 36.25 | 30.67 | 26.73 | 25.97 | 29.98 | 22.31 | 25.20 | 24.42 | 41.36 | 47.29 | 29.83 |
| — | +22.3% | +26.8% | -2.0% | +31.4% | -13.3% | -16.5% | +45.3% | +54.7% | +62.2% | +20.9% | +37.5% | +6.1% | +6.4% | -27.5% | -52.8% | -15.5% | -35.3% | +22.7% | +45.8% | +20.0% | |
| P/S Ratio | 24.10 | 17.84 | 14.43 | 16.80 | 20.15 | 14.75 | 12.36 | 18.37 | 16.98 | 16.58 | 14.76 | 12.19 | 9.68 | 8.79 | 9.80 | 7.50 | 7.54 | 7.05 | 12.66 | 13.94 | 9.17 |
| — | +20.9% | +16.8% | -8.6% | +18.6% | -11.1% | -16.3% | +50.7% | +75.5% | +88.7% | +50.6% | +62.6% | +28.3% | +24.6% | -22.6% | -46.2% | -17.8% | -30.9% | +40.6% | +57.0% | +35.3% | |
| P/B Ratio | 17.78 | 14.64 | 11.60 | 13.51 | 15.62 | 11.93 | 9.79 | 14.19 | 13.30 | 13.30 | 11.80 | 10.40 | 8.98 | 8.76 | 9.94 | 7.83 | 8.09 | 7.41 | 10.70 | 11.55 | 7.11 |
| — | +22.7% | +18.4% | -4.8% | +17.4% | -10.3% | -17.0% | +36.4% | +48.1% | +51.9% | +18.7% | +32.9% | +11.0% | +18.2% | -7.0% | -32.2% | +13.9% | -5.1% | +53.5% | +66.6% | +33.5% | |
| P/FCF | 51.04 | 51.41 | 23.86 | 34.12 | 37.56 | 27.65 | 40.40 | 34.82 | 26.34 | 28.44 | 45.98 | 36.07 | 21.23 | 30.35 | 35.91 | 318.64 | 71.75 | 80.46 | 54.90 | 53.21 | 30.29 |
| — | +85.9% | -41.0% | -2.0% | +42.6% | -2.8% | -12.1% | -3.5% | +24.0% | -6.3% | +28.0% | -88.7% | -70.4% | -62.3% | -34.6% | +498.8% | +136.9% | +188.6% | +128.0% | +65.7% | +57.0% | |
| EV / EBITDA | 54.75 | 37.60 | 32.51 | 39.12 | 45.86 | 31.99 | 27.87 | 42.66 | 37.40 | 38.35 | 33.54 | 27.95 | 22.88 | 22.83 | 25.76 | 19.34 | 20.03 | 19.35 | 37.65 | 40.79 | 27.34 |
| — | +17.5% | +16.7% | -8.3% | +22.6% | -16.6% | -16.9% | +52.6% | +63.5% | +68.0% | +30.2% | +44.6% | +14.2% | +18.0% | -31.6% | -52.6% | -26.7% | -36.0% | +41.8% | +52.3% | +40.4% | |
| EV / EBIT | 55.78 | 35.61 | 30.20 | 36.31 | 42.63 | 29.59 | 25.46 | 39.12 | 33.93 | 35.60 | 31.36 | 28.58 | 23.53 | 23.62 | 26.87 | 20.06 | 20.86 | 20.15 | 39.43 | 42.71 | 28.82 |
| — | +20.4% | +18.6% | -7.2% | +25.7% | -16.9% | -18.8% | +36.9% | +44.2% | +50.7% | +16.7% | +42.5% | +12.8% | +17.3% | -31.9% | -53.0% | -27.6% | -37.0% | +39.8% | +79.8% | +40.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.1% | 62.9% | 61.9% | 62.9% | 64.6% | 65.2% | 63.7% | 63.8% | 64.2% | 64.9% | 63.7% | 64.9% | 62.4% | 60.6% | 59.5% | 60.3% | 60.3% | 61.2% | 63.1% | 63.4% | 63.9% |
| — | -3.6% | -2.8% | -1.4% | +0.6% | +0.5% | -0.1% | -1.7% | +2.7% | +7.1% | +7.0% | +7.7% | +3.5% | -0.9% | -5.7% | -5.0% | -5.6% | -4.8% | -0.9% | -0.8% | +0.5% | |
| Operating Margin | 42.8% | 45.4% | 42.7% | 41.5% | 42.4% | 44.7% | 42.8% | 41.4% | 43.4% | 41.4% | 42.0% | 41.5% | 39.9% | 36.3% | 35.9% | 36.8% | 35.5% | 34.5% | 31.7% | 32.2% | 31.2% |
| — | +1.5% | -0.2% | +0.2% | -2.3% | +8.1% | +2.0% | -0.3% | +8.6% | +13.9% | +17.2% | +13.0% | +12.6% | +5.3% | +13.1% | +14.0% | +13.8% | +11.2% | +2.6% | +7.4% | +0.1% | |
| Net Margin | 39.0% | 40.0% | 37.8% | 38.4% | 37.0% | 40.3% | 40.6% | 41.5% | 41.3% | 39.4% | 40.6% | 39.8% | 36.1% | 33.7% | 32.3% | 33.5% | 30.1% | 28.4% | 31.0% | 29.0% | 30.0% |
| — | -0.9% | -7.0% | -7.4% | -10.5% | +2.4% | +0.0% | +4.2% | +14.3% | +16.8% | +25.6% | +19.0% | +20.1% | +18.6% | +4.0% | +15.4% | +0.4% | +2.2% | +14.9% | +2.9% | +7.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 31.4% | 8.6% | 7.9% | 7.9% | 7.5% | 8.5% | 8.1% | 8.3% | 8.5% | 8.2% | 8.5% | 8.9% | 8.8% | 8.8% | 8.5% | 9.2% | 8.4% | 7.3% | 6.7% | 6.1% | 5.9% |
| — | +1.4% | -2.2% | -5.4% | -11.6% | +3.5% | -4.3% | -6.9% | -4.1% | -7.1% | -1.0% | -2.9% | +4.6% | +19.9% | +27.6% | +51.0% | +42.2% | +33.1% | +25.7% | +6.8% | +7.8% | |
| ROA | 21.0% | 5.3% | 5.0% | 5.1% | 4.9% | 5.7% | 5.7% | 6.0% | 6.1% | 6.0% | 6.2% | 6.5% | 6.3% | 6.3% | 6.1% | 6.6% | 5.9% | 5.0% | 4.6% | 4.3% | 4.2% |
| — | -6.6% | -12.7% | -14.4% | -19.3% | -4.6% | -8.4% | -7.6% | -3.3% | -4.0% | +2.0% | -2.3% | +7.0% | +24.8% | +32.6% | +54.1% | +40.2% | +28.6% | +22.8% | +7.0% | +9.3% | |
| ROIC | 32.8% | 8.9% | 8.2% | 7.8% | 8.0% | 8.7% | 8.3% | 9.0% | 9.8% | 8.9% | 9.0% | 9.5% | 9.6% | 8.8% | 8.4% | 8.8% | 8.6% | 7.6% | 6.0% | 5.9% | 5.7% |
| — | +2.1% | -0.9% | -14.0% | -17.6% | -2.1% | -7.3% | -5.3% | +2.0% | +1.8% | +7.1% | +7.9% | +11.2% | +14.9% | +40.3% | +48.5% | +51.5% | +28.4% | -0.2% | -4.6% | -9.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| — | — | — | — | — | — | — | — | — | — | — | — | -31.2% | -31.7% | -25.0% | -36.7% | -32.7% | -25.6% | -29.5% | -34.8% | -34.4% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | 0.08 | 0.09 | 0.11 | 0.09 | 0.11 | 0.14 | 0.20 | 0.20 | 0.25 |
| — | — | — | — | — | — | — | — | — | — | — | — | -28.4% | -31.2% | -44.6% | -55.5% | -56.8% | -50.5% | -36.2% | -41.8% | -33.4% | |
| Current Ratio | 3.05 | 2.96 | 2.83 | 3.05 | 3.25 | 3.33 | 3.93 | 4.36 | 4.47 | 4.55 | 5.01 | 4.38 | 4.15 | 4.14 | 3.96 | 4.29 | 4.01 | 3.70 | 3.73 | 4.34 | 5.06 |
| — | -11.3% | -28.1% | -30.1% | -27.2% | -26.8% | -21.4% | -0.4% | +7.8% | +10.0% | +26.5% | +2.0% | +3.4% | +11.8% | +6.1% | -1.0% | -20.8% | -26.5% | -26.7% | -13.2% | -7.9% | |
| Quick Ratio | 2.63 | 2.59 | 2.47 | 2.63 | 2.79 | 2.82 | 3.31 | 3.69 | 3.74 | 3.70 | 3.87 | 3.36 | 3.12 | 3.01 | 2.89 | 3.29 | 3.13 | 3.03 | 3.22 | 3.75 | 4.42 |
| — | -8.5% | -25.4% | -28.7% | -25.4% | -23.6% | -14.6% | +9.7% | +19.9% | +22.7% | +33.7% | +2.1% | -0.4% | -0.7% | -10.2% | -12.2% | -29.1% | -31.1% | -28.0% | -14.2% | -8.6% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying ANET stock.
Arista Networks, Inc.'s current P/E is 62.7x. The average P/E over the last 4 quarters is 45.3x. 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 expanding 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.