Is Arista Networks, Inc. financially healthy?

Arista Networks, Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Arista Networks, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q3 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (adding), FMR LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Arista Networks, Inc. (ANET)

NYSE · Common Stock · Computer Communications Equipment

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

American technology company

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

PASSReturn on assets positiveROA 18.1%
PASSOperating cash flow positiveOCF 4.4B
FAILReturn on assets improving20.3% → 18.1%
PASSCash flow exceeds earningsOCF 4.4B vs NI 3.5B
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving4.36 → 3.05
PASSNo share dilution1.3B → 1.3B shares
FAILGross margin improving64.1% → 64.1%
FAILAsset turnover improving0.50× → 0.46×

Altman Z-score

22.29safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: 124.5%
Share count change: -0.4%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$2.3B	$634.6M	$719.7M	63.9%	79,465,000
FY2021	$2.9B	$840.9M	$951.1M	63.8%	319,238,000
FY2022	$4.4B	$1.4B	$448.2M	61.1%	316,459,000
FY2023	$5.9B	$2.1B	$2.0B	61.9%	317,135,000
FY2024	$7.0B	$2.9B	$3.7B	64.1%	1,281,077,000
FY2025

Ownership flow

15 institutions tracked — 7 added, 6 reduced, 2 opened a new position, 1 sold out. Index money added 1,829,608 shares while active managers cut 9,806,206.

Institutional holders of Arista Networks, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	23,227,202	−6,094,771	$3.9B
FMR LLC	Active fund	47,349,865	−4,956,761	$8.0B
CITADEL ADVISORS LLC	Hedge fund	5,743,177	+2,278,029	$975.7M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	5,932,011

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $0
2025Q1: $787.1M
2024Q1: $62.7M
2023Q1: $82.3M
2022Q1: $136.2M
2021Q1: $101.4M

Identity

CIK: 0001596532
LEI: 635400H1WKBLOQERUU95
FIGI: BBG000N2HDY5
SIC: 3576 · Computer Communications Equipment
Incorporated: DE
Headquarters: SANTA CLARA, CA
Founded: 2004-10-00

Ownership

Institutional: 73.3%
Institutions: 3,256
Insiders: 17.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Questions about Arista Networks, Inc.

Is Arista Networks, Inc. financially healthy?: Arista Networks, Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Arista Networks, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q3 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (adding), FMR LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.