Arista Networks, Inc. (ANET) closed fiscal year 2025 with a gross margin of 64.1 % and a net margin of 39.0 %.
Arista Networks, Inc. (ANET) closed fiscal year 2025 with a gross margin of 64.1 % and a net margin of 39.0 %. The same year shows an EBITDA margin of 43.6 % and an EBIT margin of 42.8 %. The free cash flow margin was 47.2 %. Against the previous year the gross margin moved −0.1 pp and the net margin −1.7 pp. Across the period the gross margin ranges between 61.1 % in 2022 and 68.3 % in 2012. The series covers 14 fiscal years, from 2012 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 68.33 % | 66.04 % | 67.13 % | 64.90 % | 64.04 % | 64.50 % | 63.84 % | 64.06 % | 63.94 % | 63.80 % | 61.07 % | 61.95 % | 64.13 % | 64.06 % |
| EBITDA margin (%) | 21.55 % | 19.71 % | 23.20 % | 19.46 % | 23.31 % | 29.82 % | 13.99 % | 34.79 % | 31.71 % | 33.08 % | 36.29 % | 39.72 % | 42.93 % | 43.62 % |
| EBIT margin (%) | 20.63 % | 18.31 % | 21.49 % | 17.83 % | 21.56 % | 28.57 % | 12.71 % | 33.42 % | 30.19 % | 31.37 % | 34.86 % | 38.52 % | 42.05 % | 42.82 % |
| Net margin (%) | 11.04 % | 11.75 % | 14.87 % | 14.46 % | 16.31 % | 25.71 % | 15.25 % | 35.67 % | 27.38 % | 28.52 % | 30.87 % | 35.62 % | 40.73 % | 38.99 % |
| FCF margin (%) | 11.89 % | 3.97 % | 20.33 % | 26.00 % | 13.54 % | 37.44 % | 22.28 % | 39.29 % | 31.06 % | 32.26 % | 10.23 % | 34.12 % | 52.49 % | 47.22 % |
