TTM
54.4%
YoY change
−5.27pp
Trough year (2013)
4.0%
Peak year (2024)
52.5%
Latest annual
47.2%
FCF Margin history chart for Arista Networks (ANET) from 2011 to 2025
Latest: 47.2%
FCF Margin change chart for Arista Networks (ANET) from 2011 to 2025
Latest: −5.27pp
FCF Margin history table for Arista Networks (ANET) from 2011 to 2025
| 2025 | 47.2% | -5.27pp | ||
| 2024 | 52.5% | +18.37pp | ||
| 2023 | 34.1% | +23.89pp | ||
| 2022 | 10.2% | -22.03pp | ||
| 2021 | 32.3% | +1.21pp | ||
| 2020 | 31.1% | -8.24pp | ||
| 2019 | 39.3% | +17.02pp | ||
| 2018 | 22.3% | -15.16pp | ||
| 2017 | 37.4% | +27.70pp | ||
| 2016 | 9.7% | -11.81pp | ||
| 2015 | 21.6% | +4.20pp | ||
| 2014 | 17.4% | +13.39pp | ||
| 2013 | 4.0% | -7.92pp | ||
| 2012 | 11.9% | +4.98pp | ||
| 2011 | 6.9% | — |
- 202547.2%-5.27pp
- 202452.5%+18.37pp
- 202334.1%+23.89pp
- 202210.2%-22.03pp
- 202132.3%+1.21pp
- 202031.1%-8.24pp
- 201939.3%+17.02pp
- 201822.3%-15.16pp
- 201737.4%+27.70pp
- 20169.7%-11.81pp
- 201521.6%+4.20pp
- 201417.4%+13.39pp
- 20134.0%-7.92pp
- 201211.9%+4.98pp
- 20116.9%—
FCF Margin values are taken from Arista Networks's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Arista Networks (ANET)
According to Arista Networks's latest reported financial statements, the company's latest reported free cash flow margin is 54.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow margin for Arista Networks (ANET) came in at 47.22% – contracted 5.3 percentage points year-over-year.
The highest annual free cash flow margin of 52.49% was reported in 2024. The lowest in the available history was 3.97% in 2013.
Arista Networks FCF Margin by Year
Arista Networks FCF Margin 2025: 47.2%
Arista Networks free cash flow margin in 2025 was 47.22%, contracted 5.3 percentage points from 2024.
Arista Networks FCF Margin 2024: 52.5%
2024's free cash flow margin for Arista Networks came in at 52.49%, expanded 18.4 percentage points from 2023. This figure represents the highest annual value in the available history.
Arista Networks FCF Margin 2023: 34.1%
Arista Networks posted free cash flow margin of 34.12% in 2023, expanded 23.9 percentage points from 2022.
Arista Networks FCF Margin 2022: 10.2%
In 2022, Arista Networks reported free cash flow margin of 10.23%, contracted 22.0 percentage points from 2021.
Arista Networks FCF Margin 2021: 32.3%
Arista Networks free cash flow margin in 2021 was 32.26%.
See more financial history for Arista Networks (ANET).
Sector peers by FCF Margin
Technology peers of Arista Networks (ANET), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 28.6% | |
| 26.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% |
- 47.0%
- 43.4%
- 28.6%
- 26.6%
- 25.5%
- 22.9%
- 22.9%
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