Arista Networks vs Cisco
Cisco is the larger business, with $63.33bn of revenue in fiscal 2026 against $9.01bn for Arista Networks (7.0 times as much). Arista Networks grew faster (28.6% against 11.8%). Arista Networks kept more of each dollar of sales as profit: a net margin of 39.0% against 21.0%. Arista Networks carries less debt relative to equity (0.0% against 58.7%).
| Latest fiscal year | Arista NetworksANET, 2025 | CiscoCSCO, 2026 |
|---|---|---|
| Revenue | $9.01bn | $63.33bn |
| Revenue growth | 28.6% | 11.8% |
| Net income | $3.51bn | $13.27bn |
| Operating margin | 42.8% | 24.3% |
| Net margin | 39.0% | 21.0% |
| Return on equity | 31.4% | 27.3% |
| Free cash flow | $4.25bn | $12.77bn |
| Cash | $1.96bn | $7.22bn |
| Total debt | $0 | $29.53bn |
| Debt to equity | 0.0% | 58.7% |
| Dividend per share | — | $1.66 |
| Dividend yield | — | 1.6% |
| Share buybacks | $1.60bn | $6.11bn |
| Employees | 5,115 | 82,400 |
| Market value | $212.08bn | $406.20bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 80 (Strong) | 90 (Strong) |
| Insider trades, 12 months | 0 buys, 538 sales | 0 buys, 95 sales |