ANETArista Networks, Inc.
Computer Communications Equipment
- Revenue
- $9.0B
- 29% YoY
- Operating margin
- 42.8%
- 1.8% YoY
- EBITDA
- $3.9B
- 31% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.6×
- −$2.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear1245201× net incomeCash flow under 80% of net income
- Dilutive SBCClear5% of revenueOver 10% of revenue
- Payouts exceed cash flowClear37% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.9B | $4.4B | $5.9B | $7.0B | $9.0B | 29% |
| Operating income | $925M | $1.5B | $2.3B | $2.9B | $3.9B | 31% |
| Net income | $841 | $1K | $2K | $3K | $4K | 23% |
| Operating cash flow | $1.0B | $493M | $2.0B | $3.7B | $4.4B | 18% |
| Capex | $65M | $45M | $34M | $32M | $120M | 273% |
| Stock-based comp | $187M | $231M | $297M | $355M | $439M | 24% |
| Buybacks | $412M | $670M | $112M | $424M | $1.6B | 278% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $309M · 93
- Net
- −$309M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $26M | 721 | 163 |
| FY2024 | $9M | $62M | 608 | 141 |
| FY2023 | $16M | $64M | 324 | 124 |
| FY2022 | $11M | $3M | 167 | 109 |
| FY2021 | $16M | $65M | 198 | 121 |