Arista Networks Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Revenue	7,003	5,860	4,381	2,948	2,318	Upgrade
Revenue Growth (YoY)	19.50%	33.75%	48.62%	27.21%	-3.87%	Upgrade
Cost of Revenue	2,512	2,230	1,706	1,067	835.63	Upgrade
Gross Profit	4,491	3,630	2,676	1,881	1,482	Upgrade
Selling, General & Admin	549.97	518.11	420.2	369.29	291.41	Upgrade
Research & Development	996.72	854.92	728.39	586.75	486.59	Upgrade
Operating Expenses	1,547	1,373	1,149	956.04	778	Upgrade
Operating Income	2,945	2,257	1,527	924.74	703.88	Upgrade
Interest & Investment Income	-	152.42	27.56	7.22	27.14	Upgrade
Other Non Operating Income (Expenses)	320.42	-6.34	-0.35	-1.08	-1.56	Upgrade
EBT Excluding Unusual Items	3,265	2,403	1,554	930.88	729.47	Upgrade
Merger & Restructuring Charges	-	-	-	-	-4.2	Upgrade
Gain (Loss) on Sale of Investments	-	18.7	27.48	-	13.6	Upgrade
Pretax Income	3,265	2,422	1,582	930.88	738.86	Upgrade
Income Tax Expense	412.98	334.71	229.35	90.03	104.31	Upgrade
Net Income	2,852	2,087	1,352	840.85	634.56	Upgrade
Net Income to Common	2,852	2,087	1,352	840.85	634.56	Upgrade
Net Income Growth	36.64%	54.34%	60.84%	32.51%	-26.20%	Upgrade
Shares Outstanding (Basic)	1,256	1,237	1,226	1,226	1,216	Upgrade
Shares Outstanding (Diluted)	1,281	1,269	1,266	1,277	1,271	Upgrade
Shares Change (YoY)	0.99%	0.21%	-0.87%	0.43%	-1.75%	Upgrade
EPS (Basic)	2.27	1.69	1.10	0.69	0.52	Upgrade
EPS (Diluted)	2.23	1.65	1.07	0.66	0.50	Upgrade
EPS Growth	35.56%	54.10%	62.36%	31.50%	-24.72%	Upgrade
Free Cash Flow	3,676	2,000	448.17	951.12	719.73	Upgrade
Free Cash Flow Per Share	2.87	1.58	0.35	0.74	0.57	Upgrade
Gross Margin	64.13%	61.95%	61.07%	63.80%	63.94%	Upgrade
Operating Margin	42.05%	38.52%	34.86%	31.37%	30.37%	Upgrade
Profit Margin	40.73%	35.62%	30.87%	28.52%	27.38%	Upgrade
Free Cash Flow Margin	52.49%	34.12%	10.23%	32.26%	31.06%	Upgrade
EBITDA	3,007	2,328	1,590	975.07	739.04	Upgrade
EBITDA Margin	42.93%	39.72%	36.29%	33.08%	31.89%	Upgrade
D&A For EBITDA	62.04	70.63	62.7	50.33	35.16	Upgrade
EBIT	2,945	2,257	1,527	924.74	703.88	Upgrade
EBIT Margin	42.05%	38.52%	34.85%	31.37%	30.37%	Upgrade
Effective Tax Rate	12.65%	13.82%	14.50%	9.67%	14.12%	Upgrade
Revenue as Reported	7,003	5,860	4,381	2,948	2,318	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.