How Arista Networks (ANET) Makes Money: A Visual Guide
Arista Networks (ANET) generated $9.01B in revenue (TTM through Q4 2025), earning $3.51B in net profit (39% margin). Its largest revenue source is Product (84.1% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Arista Networks (ANET) Income Statement Flow
Frequently asked questions
How does Arista Networks (ANET) make money?
- Arista Networks (ANET) primarily makes money through Product, which accounts for 84.1% of total revenue. For TTM through Q4 2025, Arista Networks generated $9.01B in total revenue with a net profit margin of 39%.
What is Arista Networks (ANET) gross profit margin?
- Arista Networks (ANET) reported a gross profit margin of 64.1% for TTM through Q4 2025, equivalent to $5.77B in gross profit. This means Arista Networks retains 64.1% of each revenue unit after direct costs of production.
What is Arista Networks (ANET) operating profit margin?
- Arista Networks (ANET) reported an operating profit margin of 42.8% for TTM through Q4 2025, equivalent to $3.86B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Arista Networks (ANET) net profit margin?
- Arista Networks (ANET) reported a net profit margin of 39% for TTM through Q4 2025, equivalent to $3.51B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Arista Networks (ANET) invest in R&D?
- Arista Networks (ANET) invested $1.24B in research and development in TTM through Q4 2025 (13.7% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Arista Networks (ANET) spend on capital expenditures?
- Arista Networks (ANET) spent $119.50M on capital expenditures in TTM through Q4 2025 (1.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Arista Networks (ANET) free cash flow?
- Arista Networks (ANET) generated $4.25B in free cash flow for TTM through Q4 2025 (47.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Arista Networks (ANET) effective tax rate?
- Arista Networks (ANET) had an effective tax rate of 17.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.