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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.
2004
4.4K+
LTM Revenue $7.3B
LTM EBITDA $3.4B
$101B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Arista Networks has a last 12-month revenue of $7.3B and a last 12-month EBITDA of $3.4B.
In the most recent fiscal year, Arista Networks achieved revenue of $7.0B and an EBITDA of $3.0B.
Arista Networks expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Arista Networks valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.9B | $7.0B | XXX | XXX | XXX |
| Gross Profit | $2.7B | $3.6B | XXX | XXX | XXX |
| Gross Margin | 46% | 52% | XXX | XXX | XXX |
| EBITDA | $2.3B | $3.0B | XXX | XXX | XXX |
| EBITDA Margin | 40% | 43% | XXX | XXX | XXX |
| Net Profit | $1.4B | $2.1B | XXX | XXX | XXX |
| Net Margin | 23% | 30% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of March 14, 2025, Arista Networks's stock price is $84.
Arista Networks has current market cap of $105B, and EV of $101B.
See Arista Networks trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $101B | $105B | XXX | XXX | XXX | XXX | $2.32 |
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Sign UpAs of March 14, 2025, Arista Networks has market cap of $105B and EV of $101B.
Arista Networks's trades at 13.9x LTM EV/Revenue multiple, and 29.5x LTM EBITDA.
Analysts estimate Arista Networks's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Arista Networks and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $101B | XXX | XXX | XXX |
| EV/Revenue | 14.4x | XXX | XXX | XXX |
| EV/EBITDA | 33.6x | XXX | XXX | XXX |
| P/E | 36.9x | XXX | XXX | XXX |
| P/E/Growth | 2.3x | XXX | XXX | XXX |
| EV/FCF | 27.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpArista Networks's NTM/LTM revenue growth is 19%
Arista Networks's revenue per employee for the last fiscal year averaged $1.6M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, Arista Networks's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Arista Networks's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Arista Networks and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 43% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 29% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 62% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 22% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
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| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Elsight | XXX | XXX | XXX | XXX | XXX | XXX |
| Intracom Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Thaicom | XXX | XXX | XXX | XXX | XXX | XXX |
| HFCL | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Arista Networks acquired XXX companies to date.
Last acquisition by Arista Networks was XXXXXXXX, XXXXX XXXXX XXXXXX . Arista Networks acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Arista Networks founded? | Arista Networks was founded in 2004. |
| Where is Arista Networks headquartered? | Arista Networks is headquartered in United States of America. |
| How many employees does Arista Networks have? | As of today, Arista Networks has 4.4K+ employees. |
| Who is the CEO of Arista Networks? | Arista Networks's CEO is Ms. Jayshree V. Ullal. |
| Is Arista Networks publicy listed? | Yes, Arista Networks is a public company listed on NYS. |
| 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? | Similar companies to Arista Networks include e.g. TKH Group, Elsight, Intracom Holdings, Thaicom. |
| What is the current market cap of Arista Networks? | Arista Networks's current market cap is $105B |
| What is the current revenue of Arista Networks? | Arista Networks's last 12-month revenue is $7.3B. |
| What is the current EBITDA of Arista Networks? | Arista Networks's last 12-month EBITDA is $3.4B. |
| What is the current EV/Revenue multiple of Arista Networks? | Current revenue multiple of Arista Networks is 13.9x. |
| What is the current EV/EBITDA multiple of Arista Networks? | Current EBITDA multiple of Arista Networks is 29.5x. |
| What is the current revenue growth of Arista Networks? | Arista Networks revenue growth between 2023 and 2024 was 20%. |
| Is Arista Networks profitable? | Yes, Arista Networks is EBITDA-positive (as of the last 12 months). |
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