Arista Networks (ANET)

From the record

Arista Networks' filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Arista Networks' 10 filed years say what it did: revenue went from $1.1 billion in fiscal 2016 to $9.0 billion in fiscal 2025, up 26% a year; it rose in 8 of 9 years; the deepest fall was 4% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Arista Networks' diluted share count grew about 0.3% a year, and dividends and buybacks returned about 21% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 627 sales (627 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Arista Networks earned about 28 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 30 cents per dollar of everything the company owns. Leverage: it owed about 36 cents per dollar of assets, and net share issuance: its share count shrank 0.4% over the year (the filed statements).

From the record

Arista Networks' standing among 15 graded names in its industry family: revenue of $9.0 billion in fiscal 2025 ranks in the top 10% by size; a net margin of 39% ranks in the top 3%; revenue growth of 27.1% a year over the last 3 filed years ranks in the top 23% (its annual reports).

From the record

Arista Networks' leadership, from its insiders' filings and its current reports: the chief executive on the record is Ullal, Jayshree (CEO and Chairperson, as filed), filing under that title since 2014-06-05, 12.4 years (top 6% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 7.9 years (top 19%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 50%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Arista Networks' room to grow, from the newest filed statements (fiscal 2025): cash of $2.0 billion against no long-term debt tagged leaves 10.1% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 47.2% of revenue (top 3%); a gross margin of 64.1% (top 37%); research spending of 13.7% of revenue (bottom 27%) (its annual report).

From the record

Arista Networks' growth drivers, from the filed years to fiscal 2025: revenue grew 27.1% a year over the last three filed years against 26% over all 10, speeding up (top 11% of its family); the newest year grew 28.6% (top 10%); research spending grew 19.3% a year (top 18%); capital spending grew 38.8% a year (top 4%) (its annual reports). Arista Networks reported 2 product lines in fiscal 2025: Product at $7.6 billion (84%), Service at $1.4 billion (16%); 2 of 2 grew against the year before (its annual report).

From the record

Arista Networks' newest year against its own record: revenue of $9.0 billion in fiscal 2025 came in 1.7% above the $8.9 billion its prior three years' pace pointed to (bottom 43% of its family); net income of $3.5 billion against a prior three-year average of $2.1 billion (top 30%); a net margin of 39% against 35.7% before (bottom 43%) (its annual reports).