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Arista Networks Valuation Multiples

Discover revenue and EBITDA valuation multiples for Arista Networks and similar public comparables like Amphenol, Foxconn Industrial Internet, Vertiv, Equinix and more.

Arista Networks Overview

About Arista Networks

Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.


Founded

2004

HQ

United States

Employees

5.1K

Website

arista.com

Financials (LTM)

Revenue: $10B
EBITDA: $5B

EV

$152B

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Arista Networks Financials

Arista Networks reported last 12-month revenue of $10B and EBITDA of $5B.

In the same LTM period, Arista Networks generated $6B in gross profit, $5B in EBITDA, and $4B in net income.

Revenue (LTM)


Arista Networks P&L

In the most recent fiscal year, Arista Networks reported revenue of $9B and EBITDA of $4B.

Arista Networks expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Arista Networks forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$10BXXX$9BXXXXXXXXX
Gross Profit$6BXXX$6BXXXXXXXXX
Gross Margin64%XXX64%XXXXXXXXX
EBITDA$5BXXX$4BXXXXXXXXX
EBITDA Margin48%XXX49%XXXXXXXXX
EBIT Margin48%XXX48%XXXXXXXXX
Net Profit$4BXXX$4BXXXXXXXXX
Net Margin42%XXX42%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Arista Networks Stock Performance

Arista Networks has current market cap of $162B, and enterprise value of $152B.

Market Cap Evolution


Arista Networks' stock price is $129.30.

See Arista Networks trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$152B$162B0.0%XXXXXXXXX$3.03

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Arista Networks Valuation Multiples

Arista Networks trades at 15.9x EV/Revenue multiple, and 32.8x EV/EBITDA.

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EV / Revenue (LTM)


Arista Networks Financial Valuation Multiples

As of March 24, 2026, Arista Networks has market cap of $162B and EV of $152B.

Equity research analysts estimate Arista Networks' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Arista Networks has a P/E ratio of 41.0x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$162BXXX$162BXXXXXXXXX
EV (current)$152BXXX$152BXXXXXXXXX
EV/Revenue15.9xXXX16.8xXXXXXXXXX
EV/EBITDA32.8xXXX34.5xXXXXXXXXX
EV/EBIT33.3xXXX35.0xXXXXXXXXX
EV/Gross Profit24.8xXXX26.3xXXXXXXXXX
P/E41.0xXXX42.7xXXXXXXXXX
EV/FCF35.5xXXX35.7xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Arista Networks Valuation Multiples

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Arista Networks Margins & Growth Rates

Arista Networks' revenue in the last 12 month grew by 26%.

Arista Networks' revenue per employee in the last FY averaged $1.9M.

Arista Networks' rule of 40 is 74% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Arista Networks' rule of X is 113% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Arista Networks Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth26%XXX27%XXXXXXXXX
EBITDA Margin48%XXX49%XXXXXXXXX
EBITDA Growth23%XXX23%XXXXXXXXX
Rule of 40—XXX74%XXXXXXXXX
Bessemer Rule of X—XXX113%XXXXXXXXX
Revenue per Employee—XXX$1.9MXXXXXXXXX
S&M Expenses to Revenue5%XXX6%XXXXXXXXX
G&A Expenses to Revenue1%XXX2%XXXXXXXXX
R&D Expenses to Revenue12%XXX14%XXXXXXXXX
Opex to Revenue—XXX21%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Arista Networks Public Comps

See public comps and valuation multiples for other Networking Hardware and Data Centers comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
AmphenolXXXXXXXXXXXXXXXXXX
Foxconn Industrial InternetXXXXXXXXXXXXXXXXXX
VertivXXXXXXXXXXXXXXXXXX
EquinixXXXXXXXXXXXXXXXXXX
American TowerXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Arista Networks M&A Activity

Arista Networks acquired XXX companies to date.

Last acquisition by Arista Networks was on XXXXXXXX, XXXXX. Arista Networks acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Arista Networks

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Arista Networks Investment Activity

Arista Networks invested in XXX companies to date.

Arista Networks made its latest investment on XXXXXXXX, XXXXX. Arista Networks invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Arista Networks

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
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About Arista Networks

When was Arista Networks founded?Arista Networks was founded in 2004.
Where is Arista Networks headquartered?Arista Networks is headquartered in United States.
How many employees does Arista Networks have?As of today, Arista Networks has over 5K employees.
Who is the CEO of Arista Networks?Arista Networks' CEO is Jayshree V. Ullal.
Is Arista Networks publicly listed?Yes, Arista Networks is a public company listed on NYSE.
What is the stock symbol of Arista Networks?Arista Networks trades under ANET ticker.
When did Arista Networks go public?Arista Networks went public in 2014.
Who are competitors of Arista Networks?Arista Networks main competitors are Amphenol, Foxconn Industrial Internet, Vertiv, Equinix.
What is the current market cap of Arista Networks?Arista Networks' current market cap is $162B.
What is the current revenue of Arista Networks?Arista Networks' last 12 months revenue is $10B.
What is the current revenue growth of Arista Networks?Arista Networks revenue growth (NTM/LTM) is 26%.
What is the current EV/Revenue multiple of Arista Networks?Current revenue multiple of Arista Networks is 15.9x.
Is Arista Networks profitable?Yes, Arista Networks is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Arista Networks?Arista Networks' last 12 months EBITDA is $5B.
What is Arista Networks' EBITDA margin?Arista Networks' last 12 months EBITDA margin is 48%.
What is the current EV/EBITDA multiple of Arista Networks?Current EBITDA multiple of Arista Networks is 32.8x.
What is the current FCF of Arista Networks?Arista Networks' last 12 months FCF is $4B.
What is Arista Networks' FCF margin?Arista Networks' last 12 months FCF margin is 45%.
What is the current EV/FCF multiple of Arista Networks?Current FCF multiple of Arista Networks is 35.5x.

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