Arista Networks (ANET) FCF Margin (2013 - 2026)
Arista Networks (ANET) reported FCF Margin of 30.08% for Q3 2026, down 23.56 percentage points from 53.64% a year earlier and down 4.62 percentage points from the prior quarter.
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Analysis
Arista Networks (ANET) FCF Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Arista Networks' FCF Margin came in at 42.20%, down 5.69 percentage points year-over-year; for FY2025, it was 47.22%, down 5.27 percentage points from FY2024.
- FCF Margin has a five-year change of +16.16 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 52.49% in FY2024 (+18.37 pp), 34.12% in FY2023 (+23.89 pp), 10.23% in FY2022 (-22.03 pp) and 32.26% in FY2021 (+1.21 pp).
- The Q3 2026 figure ranks as the lowest quarterly FCF Margin since Q2 2023.
- Year over year, FCF Margin gained in two of the last eight quarters, with an average year-over-year change of -1.77 percentage points.
- The high point for year-over-year FCF Margin in five years was Q3 2023 (a gain of 35.06 percentage points); the low point was Q2 2022 (a drop of 27.83 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 34.70% (Q2 2026), 60.50% (Q1 2026) and 49.24% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 22.59% |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | - |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 30.08% |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 2.10% |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 17.42% |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 57.19% |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 34.94% |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 31.43% |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 7.34% |
| 10 | Garmin | 54.56 Bn | 44.11 Bn | 1.26 Bn | 14.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 30.08% |
| Jun 30, 2026 | 34.70% |
| Mar 31, 2026 | 60.50% |
| Dec 31, 2025 | 49.24% |
| Sep 30, 2025 | 53.64% |
| Jun 30, 2025 | 53.34% |
| Mar 31, 2025 | 30.59% |
| Dec 31, 2024 | 52.76% |
| Sep 30, 2024 | 64.47% |
| Jun 30, 2024 | 58.32% |
| Mar 31, 2024 | 32.10% |
| Dec 31, 2023 | 33.79% |
| Sep 30, 2023 | 45.56% |
| Jun 30, 2023 | 28.96% |
| Mar 31, 2023 | 27.30% |
| Dec 31, 2022 | 2.35% |
| Sep 30, 2022 | 10.51% |
| Jun 30, 2022 | 8.77% |
| Mar 31, 2022 | 23.06% |
| Dec 31, 2021 | 26.19% |
API Access
Arista Networks FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ANET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ANET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ANET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();