Financhill
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ANET Quote, Financials, Valuation and Earnings

Last price:
$98.25
Seasonality move :
3.88%
Day range:
$99.82 - $104.91
52-week range:
$60.08 - $133.58
Dividend yield:
0%
P/E ratio:
46.58x
P/S ratio:
18.91x
P/B ratio:
13.05x
Volume:
11.6M
Avg. volume:
10.3M
1-year change:
59.32%
Market cap:
$130.4B
Revenue:
$7B
EPS (TTM):
$2.22
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $2.3B $2.9B $4.4B $5.9B $7B
Revenue Growth (YoY) -3.87% 27.21% 48.62% 33.75% 19.5%
 
Cost of Revenues $835.6M $1.1B $1.7B $2.2B $2.5B
Gross Profit $1.5B $1.9B $2.7B $3.6B $4.5B
Gross Profit Margin 63.94% 63.8% 61.07% 61.95% 64.13%
 
R&D Expenses $486.6M $586.8M $728.4M $854.9M $996.7M
Selling, General & Admin $295.6M $369.3M $420.2M $518.1M $550M
Other Inc / (Exp) $12M $6.1M $27.1M $12.4M $9.4M
Operating Expenses $782.2M $956M $1.1B $1.4B $1.5B
Operating Income $699.7M $924.7M $1.5B $2.3B $2.9B
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items $738.9M $930.9M $1.6B $2.4B $3.3B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $104.3M $90M $229.4M $334.7M $413M
Net Income to Company $634.6M $840.9M $1.4B $2.1B $2.9B
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $634.6M $840.9M $1.4B $2.1B $2.9B
 
Basic EPS (Cont. Ops) $0.52 $0.69 $1.10 $1.69 $2.27
Diluted EPS (Cont. Ops) $0.50 $0.66 $1.07 $1.65 $2.23
Weighted Average Basic Share $1.2B $1.2B $1.2B $1.2B $1.3B
Weighted Average Diluted Share $1.3B $1.3B $1.3B $1.3B $1.3B
 
EBITDA $734.8M $975.1M $1.6B $2.3B $3B
EBIT $699.7M $924.7M $1.5B $2.3B $2.9B
 
Revenue (Reported) $2.3B $2.9B $4.4B $5.9B $7B
Operating Income (Reported) $699.7M $924.7M $1.5B $2.3B $2.9B
Operating Income (Adjusted) $699.7M $924.7M $1.5B $2.3B $2.9B
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $648.5M $824.5M $1.3B $1.5B $1.9B
Revenue Growth (YoY) 17.36% 27.14% 54.71% 20.77% 25.32%
 
Cost of Revenues $233.9M $301.7M $506.9M $541.2M $699.4M
Gross Profit $414.6M $522.7M $768.6M $999.2M $1.2B
Gross Profit Margin 63.93% 63.4% 60.26% 64.87% 63.77%
 
R&D Expenses $133.8M $157.9M $190.4M $211.5M $285M
Selling, General & Admin $86.1M $99M $109.3M $147.8M $146.3M
Other Inc / (Exp) $3.1M $7.1M $3.2M $447K -$1.1M
Operating Expenses $219.9M $256.9M $299.7M $359.3M $431.3M
Operating Income $194.6M $265.8M $468.9M $639.9M $799.7M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items $200.2M $267.3M $485.8M $694.4M $888.9M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $17.2M $28M $58.8M $80.8M $87.9M
Net Income to Company $183M $239.3M $427.1M $613.6M $801M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $183M $239.3M $427.1M $613.6M $801M
 
Basic EPS (Cont. Ops) $0.15 $0.20 $0.35 $0.49 $0.64
Diluted EPS (Cont. Ops) $0.14 $0.19 $0.34 $0.48 $0.62
Weighted Average Basic Share $1.2B $1.2B $1.2B $1.2B $1.3B
Weighted Average Diluted Share $1.3B $1.3B $1.3B $1.3B $1.3B
 
EBITDA $197.8M $278.3M $486.5M $654.3M $815M
EBIT $194.6M $265.8M $468.9M $639.9M $799.7M
 
Revenue (Reported) $648.5M $824.5M $1.3B $1.5B $1.9B
Operating Income (Reported) $194.6M $265.8M $468.9M $639.9M $799.7M
Operating Income (Adjusted) $194.6M $265.8M $468.9M $639.9M $799.7M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $2.3B $2.9B $4.4B $5.9B $7B
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $835.6M $1.1B $1.7B $2.2B $2.5B
Gross Profit $1.5B $1.9B $2.7B $3.6B $4.5B
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $486.6M $586.8M $728.4M $854.9M $996.7M
Selling, General & Admin $295.6M $369.3M $420.2M $518.1M $550M
Other Inc / (Exp) $12M $6.1M $27.1M $12.4M $9.4M
Operating Expenses $782.2M $956M $1.1B $1.4B $1.5B
Operating Income $699.7M $924.7M $1.5B $2.3B $2.9B
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items $738.9M $930.9M $1.6B $2.4B $3.3B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $104.3M $90M $229.4M $334.7M $413M
Net Income to Company $634.6M $840.9M $1.4B $2.1B $2.9B
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $634.6M $840.9M $1.4B $2.1B $2.9B
 
Basic EPS (Cont. Ops) $0.52 $0.69 $1.10 $1.69 $2.28
Diluted EPS (Cont. Ops) $0.50 $0.66 $1.07 $1.64 $2.22
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA $734.8M $975.1M $1.6B $2.3B $3B
EBIT $699.7M $924.7M $1.5B $2.3B $2.9B
 
Revenue (Reported) $2.3B $2.9B $4.4B $5.9B $7B
Operating Income (Reported) $699.7M $924.7M $1.5B $2.3B $2.9B
Operating Income (Adjusted) $699.7M $924.7M $1.5B $2.3B $2.9B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Revenue $2.9B $4.4B $5.9B $7B --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $1.1B $1.7B $2.2B $2.5B --
Gross Profit $1.9B $2.7B $3.6B $4.5B --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $586.8M $728.4M $854.9M $996.7M --
Selling, General & Admin $369.3M $420.2M $518.1M $550M --
Other Inc / (Exp) $6.1M $27.1M $12.4M $9.4M --
Operating Expenses $956M $1.1B $1.4B $1.5B --
Operating Income $924.7M $1.5B $2.3B $2.9B --
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items $930.9M $1.6B $2.4B $3.3B --
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $90M $229.4M $334.7M $413M --
Net Income to Company $840.9M $1.4B $2.1B $2.9B --
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $840.9M $1.4B $2.1B $2.9B --
 
Basic EPS (Cont. Ops) $0.69 $1.10 $1.69 $2.28 --
Diluted EPS (Cont. Ops) $0.66 $1.07 $1.64 $2.22 --
Weighted Average Basic Share $4.9B $4.9B $4.9B $5B --
Weighted Average Diluted Share $5.1B $5.1B $5.1B $5.1B --
 
EBITDA $975.1M $1.6B $2.3B $3B --
EBIT $924.7M $1.5B $2.3B $2.9B --
 
Revenue (Reported) $2.9B $4.4B $5.9B $7B --
Operating Income (Reported) $924.7M $1.5B $2.3B $2.9B --
Operating Income (Adjusted) $924.7M $1.5B $2.3B $2.9B --
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $893.2M $620.8M $671.7M $1.9B $2.8B
Short Term Investments $2B $2.8B $2.4B $3.1B $5.5B
Accounts Receivable, Net $389.5M $516.5M $923.1M $1B $1.1B
Inventory $479.7M $650.1M $1.3B $1.9B $1.8B
Prepaid Expenses $34.4M $64.8M $314.2M $412.5M --
Other Current Assets $60.6M $172.9M -- $412.5M $632.3M
Total Current Assets $3.8B $4.8B $5.6B $8.4B $11.9B
 
Property Plant And Equipment $109.5M $143.8M $95M $101.6M $98.8M
Long-Term Investments $8.3M $20.2M -- -- --
Goodwill $189.7M $188.4M $265.9M $268.5M $268.5M
Other Intangibles $122.8M $93.6M $122.2M $88.8M $62M
Other Long-Term Assets $30.1M $33.4M $166.6M $151.9M $263.3M
Total Assets $4.7B $5.7B $6.8B $10B $14B
 
Accounts Payable $134.2M $202.6M $232.6M $435.1M $381.1M
Accrued Expenses $143.4M $226.6M $175.4M $273.1M $287.4M
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities $94.4M $87M $131M $161.9M $188.6M
Total Current Liabilities $768.2M $1.1B $1.3B $1.9B $2.7B
 
Long-Term Debt -- -- -- -- --
Capital Leases -- -- -- -- --
Total Liabilities $1.4B $1.8B $1.9B $2.7B $4B
 
Common Stock $30K $31K $31K $125K $126K
Other Common Equity Adj $238K -$8.3M -$33.9M -$3.3M -$13.2M
Common Equity $3.3B $4B $4.9B $7.2B $10B
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $3.3B $4B $4.9B $7.2B $10B
 
Total Liabilities and Equity $4.7B $5.7B $6.8B $10B $14B
Cash and Short Terms $2.9B $3.4B $3B $5B $8.3B
Total Debt -- -- -- -- --
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $893.2M $620.8M $671.7M $1.9B $2.8B
Short Term Investments $2B $2.8B $2.4B $3.1B $5.5B
Accounts Receivable, Net $389.5M $516.5M $923.1M $1B $1.1B
Inventory $479.7M $650.1M $1.3B $1.9B $1.8B
Prepaid Expenses $34.4M $64.8M $314.2M -- --
Other Current Assets $60.6M $172.9M -- $412.5M $632.3M
Total Current Assets $3.8B $4.8B $5.6B $8.4B $11.9B
 
Property Plant And Equipment $109.5M $143.8M $95M $101.6M $98.8M
Long-Term Investments $8.3M $20.2M -- -- --
Goodwill $189.7M $188.4M $265.9M $268.5M $268.5M
Other Intangibles $122.8M $93.6M $122.2M $88.8M $62M
Other Long-Term Assets $30.1M $33.4M $166.6M $151.9M $263.3M
Total Assets $4.7B $5.7B $6.8B $10B $14B
 
Accounts Payable $134.2M $202.6M $232.6M $435.1M $381.1M
Accrued Expenses $143.4M $226.6M $175.4M $273.1M $287.4M
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities $94.4M $87M $131M $161.9M $188.6M
Total Current Liabilities $768.2M $1.1B $1.3B $1.9B $2.7B
 
Long-Term Debt -- -- -- -- --
Capital Leases -- -- -- -- --
Total Liabilities $1.4B $1.8B $1.9B $2.7B $4B
 
Common Stock $30K $31K $31K $125K $126K
Other Common Equity Adj $238K -$8.3M -$33.9M -$3.3M -$13.2M
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $3.3B $4B $4.9B $7.2B $10B
 
Total Liabilities and Equity $4.7B $5.7B $6.8B $10B $14B
Cash and Short Terms $2.9B $3.4B $3B $5B $8.3B
Total Debt -- -- -- -- --
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $634.6M $840.9M $1.4B $2.1B $2.9B
Depreciation & Amoritzation $35.2M $50.3M $62.7M $70.6M $62M
Stock-Based Compensation $137M $186.9M $230.9M $296.8M $355.4M
Change in Accounts Receivable $10.7M -$127M -$402M -$105.9M -$106.1M
Change in Inventories -$235.3M -$170.4M -$638.9M -$655.5M $110.6M
Cash From Operations $735.1M $1B $492.8M $2B $3.7B
 
Capital Expenditures $15.4M $64.7M $44.6M $34.4M $32M
Cash Acquisitions -$224M $1.3M -$145.1M $1.8M --
Cash From Investing -$608.8M -$925.6M $216.3M -$687.5M -$2.5B
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -$395.2M -$411.6M -$670.3M -$112.3M -$423.6M
Other Financing Activities -$8.7M -$16.5M -$32.7M -$33.6M -$58.4M
Cash From Financing -$346.3M -$360.9M -$654.6M -$83.7M -$421.8M
 
Beginning Cash (CF) $1.1B $897.5M $625.1M $676M $1.9B
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$220M -$270.6M $54.5M $1.3B $829.1M
Ending Cash (CF) $897.5M $625.1M $676M $1.9B $2.8B
 
Levered Free Cash Flow $719.7M $951.1M $448.2M $2B $3.7B
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $183M $239.3M $427.1M $613.6M $801M
Depreciation & Amoritzation $3.2M $12.5M $17.5M $14.4M $15.4M
Stock-Based Compensation $40.1M $51.2M $65M $81.4M $100.7M
Change in Accounts Receivable -$87.6M -$120.9M -$272M -$190.3M -$9.6M
Change in Inventories -$41.3M -$74.5M -$189.2M -$51.6M -$64.6M
Cash From Operations $186.9M $225.2M $40.5M $526.5M $1B
 
Capital Expenditures $7.7M $9.3M $10.5M $6M $12.5M
Cash Acquisitions -$157.7M $12M -- $1.8M --
Cash From Investing -$278.3M -$64.2M -$82.8M -$337M -$1.3B
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -$176.1M -$2.8M -- -$123.8M
Other Financing Activities -$2.8M -$5.9M -$7.2M -$9.6M -$10.9M
Cash From Financing $12.1M -$170.9M -$4.7M -$1.3M -$130M
 
Beginning Cash (CF) $974.6M $635.2M $720.5M $1.7B $3.2B
Foreign Exchange Rate Adjustment $2.2M -$303K $2.5M $1.6M -$3.8M
Additions / Reductions -$79.3M -$9.9M -$47M $188.2M -$409M
Ending Cash (CF) $897.5M $625.1M $676M $1.9B $2.8B
 
Levered Free Cash Flow $179.2M $216M $30M $520.5M $1B
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $634.6M $840.9M $1.4B $2.1B $2.9B
Depreciation & Amoritzation $35.2M $50.3M $62.7M $70.6M $62M
Stock-Based Compensation $137M $186.9M $230.9M $296.8M $355.4M
Change in Accounts Receivable $10.7M -$127M -$402M -$105.9M -$106.1M
Change in Inventories -$235.3M -$170.4M -$638.9M -$655.5M $110.6M
Cash From Operations $735.1M $1B $492.8M $2B $3.7B
 
Capital Expenditures $15.4M $64.7M $44.6M $34.4M $32M
Cash Acquisitions -$224M $1.3M -$145.1M $1.8M --
Cash From Investing -$608.8M -$925.6M $216.3M -$687.5M -$2.5B
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -$395.2M -$411.6M -$670.3M -$112.3M -$423.6M
Other Financing Activities -$8.7M -$16.5M -$32.7M -$33.6M -$58.4M
Cash From Financing -$346.3M -$360.9M -$654.6M -$83.7M -$421.8M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$220M -$270.6M $54.5M $1.3B $829.1M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $719.7M $951.1M $448.2M $2B $3.7B
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Net Income to Stockholders $840.9M $1.4B $2.1B $2.9B --
Depreciation & Amoritzation $50.3M $62.7M $70.6M $62M --
Stock-Based Compensation $186.9M $230.9M $296.8M $355.4M --
Change in Accounts Receivable -$127M -$402M -$105.9M -$106.1M --
Change in Inventories -$170.4M -$638.9M -$655.5M $110.6M --
Cash From Operations $1B $492.8M $2B $3.7B --
 
Capital Expenditures $64.7M $44.6M $34.4M $32M --
Cash Acquisitions $1.3M -$145.1M $1.8M -- --
Cash From Investing -$925.6M $216.3M -$687.5M -$2.5B --
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -$411.6M -$670.3M -$112.3M -$423.6M --
Other Financing Activities -$16.5M -$32.7M -$33.6M -$58.4M --
Cash From Financing -$360.9M -$654.6M -$83.7M -$421.8M --
 
Beginning Cash (CF) $3.3B $2.5B $4.6B $9.6B --
Foreign Exchange Rate Adjustment -$1.8M -$3.6M $675K -$4.8M --
Additions / Reductions -$270.6M $54.5M $1.3B $829.1M --
Ending Cash (CF) $3B $2.5B $5.9B $10.5B --
 
Levered Free Cash Flow $951.1M $448.2M $2B $3.7B --

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