Arista Financial Statements From 2010 to 2024

ANET Stock  USD 254.77  3.59  1.43%   
Arista Networks financial statements provide useful quarterly and yearly information to potential Arista Networks investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Arista Networks financial statements helps investors assess Arista Networks' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Arista Networks' valuation are summarized below:
Gross Profit
2.7 B
Profit Margin
0.3562
Market Capitalization
78.5 B
Enterprise Value Revenue
13.7172
Revenue
5.9 B
There are currently one hundred twenty fundamental signals for Arista Networks that can be evaluated and compared over time across rivals. All traders should validate Arista Networks' prevailing fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction.

Arista Networks Total Revenue

6.15 Billion

Check Arista Networks financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Arista main balance sheet or income statement drivers, such as Depreciation And Amortization of 74.2 M, Interest Expense of 66 M or Selling General Administrative of 67.1 M, as well as many exotic indicators such as Price To Sales Ratio of 11.9, Dividend Yield of 0.0 or PTB Ratio of 9.59. Arista financial statements analysis is a perfect complement when working with Arista Networks Valuation or Volatility modules.
  
This module can also supplement Arista Networks' financial leverage analysis and stock options assessment as well as various Arista Networks Technical models . Check out the analysis of Arista Networks Correlation against competitors.
For more information on how to buy Arista Stock please use our How to Invest in Arista Networks guide.

Arista Networks Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding307.6 M317.1 M281.5 M
Slightly volatile
Total Assets10.4 B9.9 B3.5 B
Slightly volatile
Short and Long Term Debt Total52.2 M65.5 M72.1 M
Slightly volatile
Other Current Liabilities486.8 M463.6 M130.8 M
Slightly volatile
Total Current LiabilitiesB1.9 B667.1 M
Slightly volatile
Total Stockholder Equity7.6 B7.2 B2.4 B
Slightly volatile
Property Plant And Equipment Net101.4 M101.6 M84.6 M
Slightly volatile
Current Deferred Revenue961 M915.2 M336.8 M
Slightly volatile
Retained Earnings5.4 B5.1 B1.5 B
Slightly volatile
Accounts Payable456.8 M435.1 M126.9 M
Slightly volatile
CashB1.9 B710.3 M
Slightly volatile
Non Current Assets Total1.6 B1.6 B549.5 M
Slightly volatile
Non Currrent Assets Other93.2 M88.7 M34.6 M
Slightly volatile
Cash And Short Term Investments5.3 BB1.9 B
Slightly volatile
Net Receivables1.1 BB375.3 M
Slightly volatile
Common Stock Total Equity37.4 K35.6 K13.3 K
Slightly volatile
Liabilities And Stockholders Equity10.4 B9.9 B3.5 B
Slightly volatile
Non Current Liabilities Total426 M818.1 M358.8 M
Slightly volatile
InventoryB1.9 B518.4 M
Slightly volatile
Other Current Assets433.1 M412.5 M121.1 M
Slightly volatile
Other Stockholder Equity2.2 B2.1 B899.8 M
Slightly volatile
Total Liabilities2.9 B2.7 B1.1 B
Slightly volatile
Property Plant And Equipment Gross304.1 M289.7 M102.7 M
Slightly volatile
Total Current Assets8.8 B8.4 B2.9 B
Slightly volatile
Short Term Debt88.4 M95.8 M71.8 M
Slightly volatile
Common Stock37.4 K35.6 K13.3 K
Slightly volatile
Other Liabilities349.6 M634.9 M284.3 M
Slightly volatile
Other Assets783.3 M746 M271.4 M
Slightly volatile
Long Term Debt32.7 M33.9 M39.2 M
Slightly volatile
Property Plant Equipment92.7 M109.3 M83.1 M
Slightly volatile
Net Tangible Assets5.8 B5.5 B2.3 B
Slightly volatile
Retained Earnings Total Equity3.8 B3.6 B1.3 B
Slightly volatile
Long Term Debt Total31.4 M31.9 M38.1 M
Slightly volatile
Capital Surpluse1.1 BB931.7 M
Slightly volatile
Deferred Long Term Liabilities45.9 K48.3 K97.3 M
Very volatile
Long Term Investments22 M35.5 M30.1 M
Slightly volatile
Short and Long Term Debt32.7 M33.9 M39.5 M
Slightly volatile
Non Current Liabilities Other138.5 M131.4 M99.1 M
Slightly volatile
Deferred Long Term Asset Charges33 M55.7 M35.6 M
Slightly volatile
Capital Lease Obligations57.9 M50.6 M47.6 M
Slightly volatile
Net Invested Capital4.1 B7.2 B2.8 B
Slightly volatile
Net Working Capital3.8 B6.5 B2.7 B
Slightly volatile
Capital Stock21.4 K35.6 K13.8 K
Slightly volatile

Arista Networks Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization74.2 M70.6 M29.1 M
Slightly volatile
Interest Expense66 M62.9 M22 M
Slightly volatile
Selling General Administrative67.1 M119.1 M57.7 M
Slightly volatile
Selling And Marketing Expenses419 M399 M177.6 M
Slightly volatile
Total Revenue6.2 B5.9 B2.1 B
Slightly volatile
Gross Profit3.8 B3.6 B1.3 B
Slightly volatile
Other Operating Expenses3.8 B3.6 B1.4 B
Slightly volatile
Operating Income2.4 B2.3 B669.4 M
Slightly volatile
EBIT2.4 B2.2 B695.7 M
Slightly volatile
Research Development897.7 M854.9 M376.5 M
Slightly volatile
EBITDA2.4 B2.3 B724.8 M
Slightly volatile
Cost Of Revenue2.3 B2.2 B771.4 M
Slightly volatile
Total Operating Expenses1.4 B1.4 B615.7 M
Slightly volatile
Income Before Tax2.5 B2.4 B701.3 M
Slightly volatile
Net Income2.2 B2.1 B616.1 M
Slightly volatile
Net Income Applicable To Common Shares1.6 B1.6 B544.5 M
Slightly volatile
Net Income From Continuing Ops2.2 B2.1 B630.5 M
Slightly volatile
Interest Income160 M152.4 M32.1 M
Slightly volatile
Reconciled Depreciation48.6 M70.6 M33.5 M
Slightly volatile
Non Recurring324 M364.5 M396.9 M
Slightly volatile

Arista Networks Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation311.6 M296.8 M105.5 M
Slightly volatile
Free Cash Flow2.1 BB580.6 M
Slightly volatile
Begin Period Cash Flow559.8 M676 M479.3 M
Slightly volatile
Depreciation74.2 M70.6 M29.1 M
Slightly volatile
Capital Expenditures25 M34.4 M21.5 M
Slightly volatile
Total Cash From Operating Activities2.1 BB602.9 M
Slightly volatile
Net Income2.2 B2.1 B616.1 M
Slightly volatile
End Period Cash FlowB1.9 B709.5 M
Slightly volatile
Change To Liabilities130.1 M168.1 M103.1 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio11.912.432411.5159
Slightly volatile
PTB Ratio9.5910.092253.7497
Slightly volatile
Days Sales Outstanding75.2363.815272.5374
Slightly volatile
Book Value Per Share24.523.33597.9912
Slightly volatile
Free Cash Flow Yield0.01950.02740.0227
Slightly volatile
Invested Capital0.01840.01941.5926
Slightly volatile
Operating Cash Flow Per Share6.96.5751.9908
Slightly volatile
Stock Based Compensation To Revenue0.03540.05060.0417
Slightly volatile
PB Ratio9.5910.092253.7497
Slightly volatile
EV To Sales10.7112.112811.4265
Slightly volatile
Free Cash Flow Per Share6.796.46371.9153
Slightly volatile
ROIC0.160.26430.1903
Slightly volatile
Inventory Turnover1.091.14642.1273
Slightly volatile
Net Income Per Share7.086.74742.0323
Slightly volatile
Days Of Inventory On Hand334318194
Slightly volatile
Payables Turnover7.745.12556.8876
Pretty Stable
Sales General And Administrative To Revenue0.01930.02030.0416
Slightly volatile
Research And Ddevelopement To Revenue0.240.14590.2169
Slightly volatile
Cash Per Share17.016.18856.2158
Slightly volatile
POCF Ratio34.0335.818875.4951
Slightly volatile
PFCF Ratio34.6136.435699.2201
Slightly volatile
Days Payables Outstanding44.171.212855.7895
Pretty Stable
Income Quality0.860.97451.0119
Pretty Stable
ROE0.350.28910.4288
Slightly volatile
EV To Operating Cash Flow57.7434.897967.292
Slightly volatile
PE Ratio63.5134.904159.8011
Slightly volatile
Return On Tangible Assets0.120.21770.1374
Slightly volatile
EV To Free Cash Flow33.7235.498983.7619
Slightly volatile
Earnings Yield0.01970.02860.0235
Slightly volatile
Current Ratio3.334.39374.061
Slightly volatile
Tangible Book Value Per Share23.2922.18097.5742
Slightly volatile
Receivables Turnover4.395.71965.1931
Slightly volatile
Graham Number62.559.52118.9266
Slightly volatile
Shareholders Equity Per Share24.523.33597.9912
Slightly volatile
Debt To Equity0.01840.01941.5926
Slightly volatile
Revenue Per Share19.8918.94326.9395
Slightly volatile
Interest Debt Per Share0.360.45310.4489
Very volatile
Debt To Assets0.01340.01410.1775
Slightly volatile
Enterprise Value Over EBITDA39.5230.739444.8731
Slightly volatile
Short Term Coverage Ratios20.1821.242763.3881
Very volatile
Price Earnings Ratio63.5134.904159.8011
Slightly volatile
Operating Cycle207382253
Slightly volatile
Price Book Value Ratio9.5910.092253.7497
Slightly volatile
Days Of Payables Outstanding44.171.212855.7895
Pretty Stable
Price To Operating Cash Flows Ratio34.0335.818875.4951
Slightly volatile
Price To Free Cash Flows Ratio34.6136.435699.2201
Slightly volatile
Pretax Profit Margin0.210.41330.2577
Slightly volatile
Ebt Per Ebit0.781.0730.9621
Slightly volatile
Operating Profit Margin0.210.38520.2626
Slightly volatile
Company Equity Multiplier1.311.37793.6945
Slightly volatile
Long Term Debt To Capitalization0.00580.00610.2157
Slightly volatile
Total Debt To Capitalization0.01810.0190.2578
Slightly volatile
Return On Capital Employed0.250.28090.228
Very volatile
Debt Equity Ratio0.01840.01941.5926
Slightly volatile
Ebit Per Revenue0.210.38520.2626
Slightly volatile
Quick Ratio2.673.1593.2498
Pretty Stable
Net Income Per E B T0.680.86180.8449
Pretty Stable
Cash Ratio1.471.01521.4255
Slightly volatile
Cash Conversion Cycle163311197
Slightly volatile
Operating Cash Flow Sales Ratio0.180.34710.2187
Slightly volatile
Days Of Inventory Outstanding334318194
Slightly volatile
Days Of Sales Outstanding75.2363.815272.5374
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.70.98310.859
Slightly volatile
Cash Flow Coverage Ratios15.2414.51175.0338
Slightly volatile
Price To Book Ratio9.5910.092253.7497
Slightly volatile
Fixed Asset Turnover60.5757.690221.123
Slightly volatile
Price Cash Flow Ratio34.0335.818875.4951
Slightly volatile
Enterprise Value Multiple39.5230.739444.8731
Slightly volatile
Debt Ratio0.01340.01410.1775
Slightly volatile
Cash Flow To Debt Ratio15.2414.51175.0338
Slightly volatile
Price Sales Ratio11.912.432411.5159
Slightly volatile
Return On Assets0.110.20980.134
Slightly volatile
Asset Turnover0.750.58920.7102
Slightly volatile
Net Profit Margin0.370.35620.2354
Slightly volatile
Gross Profit Margin0.720.61950.6557
Slightly volatile
Price Fair Value9.5910.092253.7497
Slightly volatile
Return On Equity0.350.28910.4288
Slightly volatile

Arista Networks Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap13.6 B15.3 B16.7 B
Slightly volatile
Enterprise Value13.1 B14.8 B16.1 B
Slightly volatile

Arista Fundamental Market Drivers

Forward Price Earnings36.2319
Cash And Short Term InvestmentsB

Arista Upcoming Events

12th of February 2024
Upcoming Quarterly Report
View
6th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
12th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Arista Networks Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Arista Networks income statement, its balance sheet, and the statement of cash flows. Arista Networks investors use historical funamental indicators, such as Arista Networks's revenue or net income, to determine how well the company is positioned to perform in the future. Although Arista Networks investors may use each financial statement separately, they are all related. The changes in Arista Networks's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Arista Networks's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Arista Networks Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Arista Networks. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue915.2 M961 M
Total Revenue5.9 B6.2 B
Cost Of Revenue2.2 B2.3 B
Stock Based Compensation To Revenue 0.05  0.04 
Sales General And Administrative To Revenue 0.02  0.02 
Research And Ddevelopement To Revenue 0.15  0.24 
Capex To Revenue(0.01)(0.01)
Revenue Per Share 18.94  19.89 
Ebit Per Revenue 0.39  0.21 

Arista Networks Investors Sentiment

The influence of Arista Networks' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Arista. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Arista Networks' public news can be used to forecast risks associated with an investment in Arista. The trend in average sentiment can be used to explain how an investor holding Arista can time the market purely based on public headlines and social activities around Arista Networks. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Arista Networks' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Arista Networks' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Arista Networks' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Arista Networks.

Arista Networks Implied Volatility

    
  72.4  
Arista Networks' implied volatility exposes the market's sentiment of Arista Networks stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Arista Networks' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Arista Networks stock will not fluctuate a lot when Arista Networks' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Arista Networks in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Arista Networks' short interest history, or implied volatility extrapolated from Arista Networks options trading.

Pair Trading with Arista Networks

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Arista Networks position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Arista Networks will appreciate offsetting losses from the drop in the long position's value.

Moving together with Arista Stock

  0.63AVNW Aviat Networks Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Arista Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arista Networks when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Arista Networks - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Arista Networks to buy it.
The correlation of Arista Networks is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arista Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arista Networks moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Arista Networks can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Arista Networks is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Arista Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Arista Networks Stock. Highlighted below are key reports to facilitate an investment decision about Arista Networks Stock:
Check out the analysis of Arista Networks Correlation against competitors.
For more information on how to buy Arista Stock please use our How to Invest in Arista Networks guide.
Note that the Arista Networks information on this page should be used as a complementary analysis to other Arista Networks' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Arista Stock analysis

When running Arista Networks' price analysis, check to measure Arista Networks' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Arista Networks is operating at the current time. Most of Arista Networks' value examination focuses on studying past and present price action to predict the probability of Arista Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arista Networks' price. Additionally, you may evaluate how the addition of Arista Networks to your portfolios can decrease your overall portfolio volatility.
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Is Arista Networks' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Arista Networks. If investors know Arista will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Arista Networks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.418
Earnings Share
6.58
Revenue Per Share
18.943
Quarterly Revenue Growth
0.208
Return On Assets
0.1691
The market value of Arista Networks is measured differently than its book value, which is the value of Arista that is recorded on the company's balance sheet. Investors also form their own opinion of Arista Networks' value that differs from its market value or its book value, called intrinsic value, which is Arista Networks' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Arista Networks' market value can be influenced by many factors that don't directly affect Arista Networks' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Arista Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Arista Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arista Networks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.