FN2 Earnings Intelligence
Arista Networks, Inc. balance sheet
Arista Networks, Inc. (ANET) Balance Sheet (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $620.8 | $671.7 | $1,938.6 | $2,762.4 | $1,963.9 |
| + Debt | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $2,948 | $4,381.3 | $5,860.2 | $7,003.1 | $9,005.7 |
| % Growth | 27.2% | 48.6% | 33.8% | 19.5% | 28.6% |
| Gross Profit | $1,880.8 | $2,675.7 | $3,630.3 | $4,491.3 | $5,768.7 |
| % Margin | 63.8% | 61.1% | 61.9% | 64.1% | 64.1% |
| EBITDA | $975.1 | $1,589.8 | $2,327.9 | $3,006.7 | $3,928.7 |
| % Margin | 33.1% | 36.3% | 39.7% | 42.9% | 43.6% |
| Net Income | $840.9 | $1,352.4 | $2,087.3 | $2,852.1 | $3,511.4 |
| % Margin | 28.5% | 30.9% | 35.6% | 40.7% | 39.0% |
| Diluted EPS | $2.63 | $4.27 | $6.58 | $2.23 | $2.75 |
| % Growth | -67.1% | 62.4% | 54.1% | -66.1% | 23.3% |
| Operating Cash Flow | $1,015.9 | $492.8 | $2,034 | $3,708.2 | $4,371.9 |
| CapEx | $64.7 | $44.6 | $34.4 | $32 | $119.5 |
| Free Cash Flow | $951.1 | $448.2 | $1,999.6 | $3,676.2 | $4,252.4 |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue | $2,948 | $4,381.3 | $5,860.2 | $7,003.1 | $9,005.7 |
| Gross Profit | $1,880.8 | $2,675.7 | $3,630.3 | $4,491.3 | $5,768.7 |
| EBITDA | $975.1 | $1,589.8 | $2,327.9 | $3,006.7 | $3,928.7 |
| Net Income | $840.9 | $1,352.4 | $2,087.3 | $2,852.1 | $3,511.4 |
| Diluted EPS | $2.63 | $4.27 | $6.58 | $2.23 | $2.75 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $620.8 | $671.7 | $1,938.6 | $2,762.4 | $1,963.9 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1,015.9 | $492.8 | $2,034 | $3,708.2 | $4,371.9 |
| Capital Expenditure | $64.7 | $44.6 | $34.4 | $32 | $119.5 |
| Free Cash Flow | $951.1 | $448.2 | $1,999.6 | $3,676.2 | $4,252.4 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 27.2% | 48.6% | 33.8% | 19.5% | 28.6% |
| Gross Margin | 63.8% | 61.1% | 61.9% | 64.1% | 64.1% |
| EBITDA Margin | 33.1% | 36.3% | 39.7% | 42.9% | 43.6% |
| Net Margin | 28.5% | 30.9% | 35.6% | 40.7% | 39.0% |
| FCF Margin | 32.3% | 10.2% | 34.1% | 52.5% | 47.2% |
| Diluted EPS Growth | -67.1% | 62.4% | 54.1% | -66.1% | 23.3% |