Arista Networks
Arista Networks returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Reported borrowing balances are unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 30.95% | — | 31.48% | 20.1% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 31.37% | — | 31.52% | 20.57% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 30.38% | — | 31.4% | 20.97% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 30.45% | — | 31.74% | 21.73% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 31.26% | — | 33.64% | 23.1% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 31.18% | — | 33.68% | 24.16% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 30.44% | — | 33.14% | 23.78% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 31.58% | — | 33.83% | 24.32% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 32.55% | — | 34.46% | 24.86% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 33.04% | — | 34.7% | 25.3% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 33.39% | — | 34.49% | 24.96% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 34.4% | — | 34.91% | 24.96% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 34.32% | — | 34.66% | 24.4% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 32.41% | — | 31.99% | 22.22% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 30.22% | — | 30.51% | 21.62% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 28.02% | — | 28.23% | 20.08% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 25.63% | — | 26.87% | 18.76% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 22.53% | — | 24.53% | 16.96% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | 21.52% | — | 23.04% | 16.06% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | 20.62% | — | 22.58% | 15.95% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 20.11% | — | 21.64% | 15.27% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 19.78% | — | 21.48% | 15.02% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | 18.51% | — | 20.42% | 14.22% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 20.01% | — | 24.82% | 17.76% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | 21.82% | — | 27.07% | 19.36% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 24.05% | — | 30.37% | 21.42% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 26.58% | — | 34.12% | 23.66% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 30.9% | — | 33.43% | 23.98% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 31.52% | — | 34.33% | 23.24% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 13.4% | — | 18.11% | 13.01% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 12.41% | — | 17.24% | 11.84% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 10.97% | — | 15.07% | 10.26% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 10.07% | — | 14.73% | 9.08% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 30.35% | — | 31.51% | 21.45% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 29.39% | — | 30.5% | 20.2% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 28.18% | — | 29.77% | 19.79% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 25.2% | — | 25.93% | 16.91% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 22.23% | — | 22.24% | 14.73% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 22.19% | — | 19.3% | 12.75% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 21.4% | — | 19.42% | 13.07% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 19.74% | — | 18.42% | 12.62% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 18.96% | — | 17.91% | 12.65% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 18.76% | — | 17.73% | 12.29% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 19.32% | — | 17.59% | 12.26% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 21.22% | — | 17.73% | 12.41% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | — | — | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | — | — | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | — | — | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ANET, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.