See more : Xinji Shaxi Group Co., Ltd (3603.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Arista Networks, Inc. (ANET) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Arista Networks, Inc., a leading company in the Computer Hardware industry within the Technology sector.
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Arista Networks, Inc. (ANET)
About Arista Networks, Inc.
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.86B | 4.38B | 2.95B | 2.32B | 2.41B | 2.15B | 1.65B | 1.13B | 837.59M | 584.11M | 361.22M | 193.41M | 139.85M |
| Cost of Revenue | 2.23B | 1.71B | 1.07B | 835.63M | 866.37M | 777.99M | 584.42M | 406.05M | 294.03M | 192.02M | 122.69M | 61.25M | 43.37M |
| Gross Profit | 3.63B | 2.68B | 1.88B | 1.48B | 1.54B | 1.37B | 1.06B | 723.12M | 543.56M | 392.09M | 238.54M | 132.16M | 96.48M |
| Gross Profit Ratio | 61.95% | 61.07% | 63.80% | 63.94% | 64.06% | 63.84% | 64.50% | 64.04% | 64.90% | 67.13% | 66.04% | 68.33% | 68.99% |
| Research & Development | 854.92M | 728.39M | 586.75M | 486.59M | 462.76M | 442.47M | 349.59M | 273.58M | 209.45M | 148.91M | 98.59M | 55.16M | 26.41M |
| General & Administrative | 119.08M | 93.24M | 83.12M | 66.24M | 61.90M | 65.42M | 86.80M | 75.24M | 75.72M | 32.33M | 18.69M | 8.50M | 6.22M |
| Selling & Marketing | 399.03M | 326.96M | 286.17M | 229.37M | 213.91M | 187.14M | 155.11M | 130.89M | 109.08M | 85.34M | 55.12M | 28.60M | 19.45M |
| SG&A | 518.11M | 420.20M | 369.29M | 295.61M | 275.81M | 252.56M | 241.90M | 206.13M | 184.80M | 117.67M | 73.80M | 37.10M | 25.67M |
| Other Expenses | 0.00 | 54.69M | 6.14M | 39.18M | 56.50M | 18.16M | 7.27M | 1.95M | -147.00K | 2.28M | -754.00K | 135.00K | -357.00K |
| Operating Expenses | 1.37B | 1.15B | 956.04M | 782.20M | 738.56M | 695.03M | 591.50M | 479.71M | 394.25M | 266.58M | 172.39M | 92.26M | 52.08M |
| Cost & Expenses | 3.60B | 2.85B | 2.02B | 1.62B | 1.60B | 1.47B | 1.18B | 885.76M | 688.28M | 458.59M | 295.08M | 153.51M | 95.45M |
| Interest Income | 152.42M | 27.56M | 7.22M | 27.14M | 51.14M | 31.67M | 8.09M | 3.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.70M | 2.78M | 3.14M | 3.15M | 6.28M | 7.12M | 7.06M | 6.42M |
| Depreciation & Amortization | 70.63M | 62.70M | 65.81M | 61.17M | 32.40M | 26.70M | 20.64M | 19.75M | 13.67M | 10.02M | 5.04M | 1.78M | 1.29M |
| EBITDA | 2.33B | 1.59B | 975.07M | 699.68M | 838.62M | 318.20M | 498.18M | 265.11M | 162.83M | 137.81M | 70.44M | 41.81M | 45.34M |
| EBITDA Ratio | 39.72% | 36.29% | 33.08% | 32.12% | 34.79% | 33.66% | 30.26% | 23.48% | 19.44% | 23.59% | 19.50% | 21.62% | 32.42% |
| Operating Income | 2.26B | 1.53B | 924.74M | 699.68M | 805.77M | 273.35M | 470.27M | 243.41M | 149.31M | 125.51M | 66.15M | 39.90M | 44.40M |
| Operating Income Ratio | 38.52% | 34.86% | 31.37% | 30.19% | 33.42% | 12.71% | 28.57% | 21.56% | 17.83% | 21.49% | 18.31% | 20.63% | 31.75% |
| Total Other Income/Expenses | 164.78M | 54.69M | 6.14M | 39.18M | 56.50M | 15.45M | 4.49M | -1.18M | -3.30M | -4.01M | -7.87M | -6.92M | -6.77M |
| Income Before Tax | 2.42B | 1.58B | 930.88M | 738.86M | 862.27M | 288.80M | 474.76M | 242.23M | 146.01M | 121.51M | 58.28M | 32.98M | 37.63M |
| Income Before Tax Ratio | 41.33% | 36.10% | 31.58% | 31.88% | 35.77% | 13.42% | 28.84% | 21.45% | 17.43% | 20.80% | 16.13% | 17.05% | 26.90% |
| Income Tax Expense | 334.71M | 229.35M | 90.03M | 104.31M | 2.40M | -39.31M | 51.56M | 58.04M | 24.91M | 34.66M | 15.82M | 11.63M | 3.59M |
| Net Income | 2.09B | 1.35B | 840.85M | 634.56M | 859.87M | 328.12M | 423.20M | 184.19M | 121.10M | 86.85M | 42.46M | 21.35M | 34.04M |
| Net Income Ratio | 35.62% | 30.87% | 28.52% | 27.38% | 35.67% | 15.25% | 25.71% | 16.31% | 14.46% | 14.87% | 11.75% | 11.04% | 24.34% |
| EPS | 1.69 | 1.10 | 0.69 | 0.52 | 0.71 | 0.25 | 0.37 | 0.17 | 0.11 | 0.09 | 0.02 | 0.01 | 0.04 |
| EPS Diluted | 1.65 | 1.07 | 0.66 | 0.50 | 0.67 | 0.25 | 0.34 | 0.16 | 0.11 | 0.08 | 0.02 | 0.01 | 0.04 |
| Weighted Avg Shares Out | 1.24B | 1.23B | 1.23B | 1.22B | 1.22B | 1.29B | 1.16B | 1.10B | 1.06B | 774.83M | 1.22B | 1.22B | 821.12M |
| Weighted Avg Shares Out (Dil) | 1.27B | 1.27B | 1.28B | 1.27B | 1.29B | 1.29B | 1.26B | 1.17B | 1.14B | 873.44M | 1.29B | 1.29B | 864.82M |
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Source: https://incomestatements.info
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