Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Arista Networks Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Gross Profit Margin
- The gross profit margin data, available from March 31, 2020, onward, shows a gradual decreasing trend from 63.94% in Q1 2020 to a low of 60.18% in Q2 2023. Following this decrease, there was a mild recovery observed, with the margin rising to 64.24% by Q2 2025. This pattern suggests some pressure on gross profitability in the initial period followed by an improvement reflecting either cost management or revenue enhancements.
- Operating Profit Margin
- The operating profit margin demonstrates a consistent upward trend over the periods analyzed, starting at 30.19% in Q1 2020 and increasing steadily to reach 43.14% by Q2 2025. This marked improvement indicates strengthened operational efficiency and/or higher operational leverage over the period, suggesting that the company's core operations have become significantly more profitable.
- Net Profit Margin
- The net profit margin similarly shows a positive trend, increasing from 27.38% in Q1 2020 to 40.89% by Q2 2025. This consistent growth in profitability after costs and taxes indicates enhanced bottom-line performance, which may be influenced by higher operating margins, effective tax management, or improvements in non-operating income and expenses.
- Return on Equity (ROE)
- The return on equity experienced a notable increase from 19.11% at the start of the analyzed period to a peak of approximately 29.93% in Q1 2025, before slightly stabilizing near 29.83% in Q2 2025. This rise in ROE reflects improved profitability relative to shareholder equity, which could stem from both enhanced net income and efficient equity utilization.
- Return on Assets (ROA)
- The return on assets grew from 13.39% in Q1 2020 to a high of 21.69% in Q1 2024, after which it showed a modest decline, ending at 19.67% in Q2 2025. This suggests that asset utilization efficiency improved significantly through most of the period but encountered some challenges or changes in asset base or income generation in the latest quarters.
Return on Sales
Return on Investment
Gross Profit Margin
Arista Networks Inc., gross profit margin calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Gross profit | 1,438,600) | 1,276,100) | 1,230,994) | 1,161,717) | 1,097,213) | 1,001,379) | 999,226) | 942,419) | 884,129) | 804,507) | 768,606) | 709,980) | 643,265) | 553,845) | 522,714) | 478,615) | 454,178) | 425,272) | 414,584) | 384,962) | 344,089) | 338,251) | |||||||
| Revenue | 2,204,800) | 2,004,800) | 1,930,436) | 1,810,936) | 1,690,400) | 1,571,374) | 1,540,437) | 1,509,456) | 1,458,924) | 1,351,351) | 1,275,552) | 1,176,801) | 1,051,891) | 877,066) | 824,459) | 748,697) | 707,319) | 667,562) | 648,482) | 605,431) | 540,570) | 523,029) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Gross profit margin1 | 64.24% | 64.09% | 64.13% | 64.41% | 64.01% | 62.94% | 61.95% | 60.76% | 60.18% | 60.27% | 61.07% | 61.82% | 62.77% | 63.64% | 63.80% | 63.95% | 63.87% | 63.72% | 63.94% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | 46.63% | 46.52% | 46.21% | 45.96% | 45.59% | 45.03% | 44.13% | 43.45% | 43.18% | 43.06% | 43.31% | 43.31% | 43.32% | 43.02% | 41.78% | 41.01% | 39.88% | 38.78% | 38.23% | 38.19% | 38.11% | 37.95% | |||||||
| Cisco Systems Inc. | 65.13% | 64.92% | 64.73% | 64.65% | 64.22% | 63.69% | 62.73% | 61.99% | 61.92% | 62.23% | 62.55% | 63.14% | 63.30% | 63.73% | 64.02% | 63.94% | 64.17% | 64.07% | 64.26% | 64.41% | 63.97% | 63.44% | |||||||
| Dell Technologies Inc. | 22.41% | 23.02% | 23.60% | 23.38% | 23.36% | 22.57% | 22.18% | 21.42% | 20.92% | 21.40% | 21.63% | 24.59% | 27.13% | 29.32% | 31.22% | 31.42% | 31.49% | 31.46% | 31.40% | — | — | — | |||||||
| Super Micro Computer Inc. | 12.44% | 13.20% | 13.75% | 15.97% | 16.39% | 17.44% | 18.01% | 18.23% | 17.80% | 16.78% | 15.40% | 14.22% | 13.68% | 14.18% | 15.03% | 15.14% | 16.03% | 15.91% | 15.76% | 16.22% | 15.72% | 15.12% | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
Gross profit margin = 100
× (Gross profitQ2 2025
+ Gross profitQ1 2025
+ Gross profitQ4 2024
+ Gross profitQ3 2024)
÷ (RevenueQ2 2025
+ RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024)
= 100 × (1,438,600 + 1,276,100 + 1,230,994 + 1,161,717)
÷ (2,204,800 + 2,004,800 + 1,930,436 + 1,810,936)
= 64.24%
2 Click competitor name to see calculations.
- Revenue Growth
- Revenue shows a consistent upward trend over the analyzed periods, increasing from approximately 523 million USD in March 2020 to an estimated 2.2 billion USD by June 2025. This reflects strong sales growth, with occasional acceleration noted particularly between mid-2021 and the end of 2022, and a steady pace thereafter.
- Gross Profit Trends
- Gross profit has grown steadily alongside revenue, rising from about 338 million USD in March 2020 to an estimated 1.44 billion USD by June 2025. The gross profit values mirror revenue increases, indicating scalable operations and effective cost management as volume increased.
- Gross Profit Margin Dynamics
- The gross profit margin, calculated for periods from March 2021 onward, exhibits a slight declining trend initially, dropping from approximately 63.94% in early 2021 down to a low near 60.18% by mid-2023. After this dip, the margin shows gradual recovery and improvement, reaching around 64.24% by June 2025. This pattern suggests that while cost pressures or pricing adjustments impacted profitability in early periods, the company has managed to improve efficiency or pricing power in later quarters.
- Overall Financial Insights
- The data reflect strong revenue and gross profit growth over time, demonstrating business expansion and operational scaling. The transient margin compression around 2022 to mid-2023 may warrant further analysis, but the subsequent margin recovery indicates effective corrective measures or improving market conditions. The combination of rising revenues and an eventual improvement in gross profit margin suggests a favorable outlook in terms of profitability sustainability.
Operating Profit Margin
Arista Networks Inc., operating profit margin calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Income from operations | 986,200) | 858,800) | 799,652) | 785,250) | 699,573) | 660,141) | 639,914) | 602,695) | 530,062) | 484,578) | 468,919) | 417,347) | 362,853) | 277,987) | 265,788) | 233,294) | 219,365) | 206,292) | 194,638) | 188,395) | 166,989) | 149,662) | |||||||
| Revenue | 2,204,800) | 2,004,800) | 1,930,436) | 1,810,936) | 1,690,400) | 1,571,374) | 1,540,437) | 1,509,456) | 1,458,924) | 1,351,351) | 1,275,552) | 1,176,801) | 1,051,891) | 877,066) | 824,459) | 748,697) | 707,319) | 667,562) | 648,482) | 605,431) | 540,570) | 523,029) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Operating profit margin1 | 43.14% | 42.27% | 42.05% | 42.11% | 41.23% | 40.01% | 38.52% | 37.29% | 36.12% | 35.71% | 34.86% | 33.69% | 32.55% | 31.56% | 31.37% | 30.79% | 30.76% | 30.72% | 30.19% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | 31.81% | 31.76% | 31.51% | 31.27% | 30.98% | 30.76% | 29.82% | 29.23% | 29.16% | 29.41% | 30.29% | 30.53% | 30.93% | 30.90% | 29.78% | 28.79% | 27.32% | 25.24% | 24.15% | 24.52% | 24.48% | 24.71% | |||||||
| Cisco Systems Inc. | 18.98% | 19.37% | 22.64% | 24.95% | 27.21% | 27.17% | 26.37% | 25.89% | 26.10% | 26.91% | 27.09% | 27.36% | 27.09% | 26.98% | 25.76% | 25.60% | 25.93% | 26.23% | 27.63% | 27.81% | 27.47% | 26.91% | |||||||
| Dell Technologies Inc. | 5.70% | 5.64% | 5.89% | 5.39% | 5.54% | 5.45% | 5.64% | 5.88% | 5.12% | 4.99% | 4.60% | 5.26% | 5.51% | 5.72% | 5.46% | 4.00% | 3.71% | 3.01% | 2.85% | — | — | — | |||||||
| Super Micro Computer Inc. | 7.42% | 8.23% | 8.08% | 9.72% | 9.40% | 9.65% | 10.68% | 10.64% | 10.39% | 8.75% | 6.45% | 4.52% | 3.27% | 3.20% | 3.48% | 2.79% | 2.85% | 2.52% | 2.57% | 3.23% | 3.17% | 3.05% | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
Operating profit margin = 100
× (Income from operationsQ2 2025
+ Income from operationsQ1 2025
+ Income from operationsQ4 2024
+ Income from operationsQ3 2024)
÷ (RevenueQ2 2025
+ RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024)
= 100 × (986,200 + 858,800 + 799,652 + 785,250)
÷ (2,204,800 + 2,004,800 + 1,930,436 + 1,810,936)
= 43.14%
2 Click competitor name to see calculations.
The financial data reveals a consistent upward trajectory across key performance indicators over the examined periods.
- Income from Operations
- There is a marked increase in income from operations beginning at $149,662 thousand in March 2020 and rising steadily to $986,200 thousand by June 2025. This reflects sustained growth and operational scaling with some acceleration particularly evident in the last several quarters.
- Revenue
- Revenue figures follow a similar upward trend starting from $523,029 thousand in March 2020 to $2,204,800 thousand by June 2025. The data points to continuous revenue growth, with a robust increase post 2021, indicating expanding sales or service volume throughout the periods.
- Operating Profit Margin
- The operating profit margin data begins from March 2020 without recorded percentages but shows significant improvement from March 2021 onwards. Margins increase progressively from approximately 30.19% in early 2021 to 43.14% by June 2025. This margin expansion suggests improvements in cost management, pricing strategies, or operational efficiencies.
Overall, the patterns demonstrate strong financial health with increasing profitability and top-line growth. The clear upward trends in both absolute income and revenue, coupled with expanding operating margins, indicate effective operational management and a favorable business environment during the analyzed quarters.
Net Profit Margin
Arista Networks Inc., net profit margin calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net income | 888,800) | 813,800) | 800,996) | 747,938) | 665,428) | 637,692) | 613,636) | 545,327) | 491,885) | 436,473) | 427,089) | 353,999) | 299,099) | 272,259) | 239,295) | 224,305) | 196,888) | 180,366) | 182,958) | 168,375) | 144,793) | 138,431) | |||||||
| Revenue | 2,204,800) | 2,004,800) | 1,930,436) | 1,810,936) | 1,690,400) | 1,571,374) | 1,540,437) | 1,509,456) | 1,458,924) | 1,351,351) | 1,275,552) | 1,176,801) | 1,051,891) | 877,066) | 824,459) | 748,697) | 707,319) | 667,562) | 648,482) | 605,431) | 540,570) | 523,029) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Net profit margin1 | 40.89% | 40.72% | 40.73% | 40.29% | 39.01% | 37.64% | 35.62% | 33.97% | 32.48% | 31.24% | 30.87% | 29.63% | 29.55% | 29.54% | 28.52% | 28.30% | 27.72% | 27.48% | 27.38% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | 24.30% | 24.30% | 23.97% | 26.44% | 26.31% | 26.16% | 25.31% | 24.68% | 24.49% | 24.56% | 25.31% | 25.71% | 26.41% | 26.58% | 25.88% | 25.00% | 23.45% | 21.73% | 20.91% | 21.33% | 21.35% | 21.49% | |||||||
| Cisco Systems Inc. | 16.96% | 17.73% | 19.18% | 21.88% | 23.49% | 23.40% | 22.13% | 20.89% | 21.26% | 22.00% | 22.91% | 23.28% | 22.94% | 22.44% | 21.26% | 20.92% | 21.09% | 21.76% | 22.75% | 21.32% | 21.44% | 21.15% | |||||||
| Dell Technologies Inc. | 4.32% | 4.00% | 3.63% | 2.92% | 2.03% | 2.01% | 2.39% | 1.74% | 5.07% | 5.49% | 5.50% | 6.83% | 3.92% | 4.21% | 3.45% | 2.64% | 2.29% | 4.85% | 5.01% | — | — | — | |||||||
| Super Micro Computer Inc. | 6.94% | 7.55% | 7.69% | 8.88% | 7.92% | 8.29% | 8.98% | 8.93% | 8.70% | 7.38% | 5.49% | 3.96% | 3.00% | 2.89% | 3.14% | 2.69% | 2.71% | 2.56% | 2.52% | 2.72% | 2.58% | 2.37% | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
Net profit margin = 100
× (Net incomeQ2 2025
+ Net incomeQ1 2025
+ Net incomeQ4 2024
+ Net incomeQ3 2024)
÷ (RevenueQ2 2025
+ RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024)
= 100 × (888,800 + 813,800 + 800,996 + 747,938)
÷ (2,204,800 + 2,004,800 + 1,930,436 + 1,810,936)
= 40.89%
2 Click competitor name to see calculations.
The quarterly financial data indicate a consistent upward trend in key financial metrics over the analyzed periods. Revenue has shown steady growth from $523,029 thousand in March 2020 to an expected $2,204,800 thousand in June 2025, reflecting strong sales expansion and business scaling. This demonstrates a more than fourfold increase across the timeframe, revealing sustained demand and effective market penetration.
Net income has similarly increased, rising from $138,431 thousand in March 2020 to a projected $888,800 thousand in June 2025. This growth trajectory indicates improved profitability and effective cost management, paralleling the revenue increases but at a notably higher growth rate, which suggests strengthening operational efficiency or favourable expense structures.
The net profit margin has exhibited a gradual upward trend, starting from around 27.38% in March 2021 and reaching approximately 40.89% by June 2025. This margin improvement over time points to enhanced profitability per unit of revenue and reflects the company’s capacity to convert increasing sales into higher net earnings effectively.
- Revenue Growth
- Consistent increase each quarter, indicating expanding business and market share.
- Net Income Growth
- Strong upward trend with net income rising faster than revenue, indicating improved profitability and operational leverage.
- Net Profit Margin
- Steady improvement, signifying better cost control and higher operational efficiency resulting in increased profitability.
Return on Equity (ROE)
Arista Networks Inc., ROE calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net income | 888,800) | 813,800) | 800,996) | 747,938) | 665,428) | 637,692) | 613,636) | 545,327) | 491,885) | 436,473) | 427,089) | 353,999) | 299,099) | 272,259) | 239,295) | 224,305) | 196,888) | 180,366) | 182,958) | 168,375) | 144,793) | 138,431) | |||||||
| Stockholders’ equity | 10,901,600) | 10,119,100) | 9,994,807) | 9,245,889) | 8,430,808) | 7,862,315) | 7,219,059) | 6,505,555) | 5,857,582) | 5,329,174) | 4,885,820) | 4,385,218) | 4,005,792) | 4,153,177) | 3,978,600) | 3,865,260) | 3,697,841) | 3,451,338) | 3,320,291) | 3,083,877) | 3,036,483) | 2,848,826) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROE1 | 29.83% | 29.93% | 28.54% | 28.82% | 29.20% | 29.11% | 28.91% | 29.22% | 29.18% | 28.46% | 27.68% | 26.56% | 25.84% | 22.46% | 21.13% | 20.30% | 19.70% | 19.60% | 19.11% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | 145.66% | 144.03% | 164.59% | 152.84% | 135.31% | 136.18% | 156.08% | 157.22% | 151.74% | 167.77% | 196.96% | 171.46% | 151.24% | 139.79% | 150.07% | 135.04% | 110.31% | 96.54% | 87.87% | 80.83% | 72.96% | 64.25% | |||||||
| Cisco Systems Inc. | 20.18% | 20.75% | 22.70% | 26.47% | 29.06% | 30.04% | 28.44% | 27.12% | 27.25% | 28.56% | 29.70% | 29.72% | 29.94% | 26.69% | 25.66% | 25.41% | 25.89% | 27.42% | 29.57% | 30.20% | 31.11% | 31.95% | |||||||
| Dell Technologies Inc. | — | — | — | — | — | — | — | — | — | — | — | 75.81% | 78.28% | 114.54% | 131.10% | 275.31% | — | — | — | — | — | — | |||||||
| Super Micro Computer Inc. | 23.16% | 24.16% | 21.28% | 20.59% | 23.80% | 28.29% | 32.45% | 33.21% | 31.80% | 27.33% | 20.00% | 14.41% | 10.53% | 9.77% | 10.20% | 8.65% | 8.32% | 7.88% | 7.91% | 8.63% | 8.43% | 8.12% | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
ROE = 100
× (Net incomeQ2 2025
+ Net incomeQ1 2025
+ Net incomeQ4 2024
+ Net incomeQ3 2024)
÷ Stockholders’ equity
= 100 × (888,800 + 813,800 + 800,996 + 747,938)
÷ 10,901,600 = 29.83%
2 Click competitor name to see calculations.
- Net Income
- Net income demonstrates a clear upward trend throughout the reported quarters. Starting from approximately 138 million USD in March 2020, the figure steadily increases each quarter, reaching nearly 889 million USD by June 2025. Notably, the growth is consistent without significant interruptions, indicating sustained profitability improvement over the five-year period.
- Stockholders' Equity
- Stockholders' equity also shows a consistent rising trajectory over the examined period. Beginning at around 2.85 billion USD in March 2020, equity rises to approximately 10.9 billion USD by June 2025. This growth reflects an increasing book value and possibly retained earnings accumulation, supporting the company's expanding equity base over time.
- Return on Equity (ROE)
- Return on Equity values start being reported from December 2020 onwards. From 19.11% at that point, ROE steadily increases and stabilizes around the upper 20% range, peaking in several quarters above 29%. The consistently high and slightly upward trend in ROE suggests enhanced efficiency in generating income from shareholders' equity throughout the timeline.
- Overall Analysis
- The data reveals strong and sustained financial growth. Net income’s steady increase combined with growing stockholders’ equity points to overall healthy financial performance and balance sheet strengthening. The stable, high ROE indicates effective management of equity capital to generate profitable returns. Together, these trends portray a company with improving profitability, expanding equity, and efficient use of shareholder funds over the analyzed quarters.
Return on Assets (ROA)
Arista Networks Inc., ROA calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Net income | 888,800) | 813,800) | 800,996) | 747,938) | 665,428) | 637,692) | 613,636) | 545,327) | 491,885) | 436,473) | 427,089) | 353,999) | 299,099) | 272,259) | 239,295) | 224,305) | 196,888) | 180,366) | 182,958) | 168,375) | 144,793) | 138,431) | |||||||
| Total assets | 16,534,200) | 14,514,600) | 14,043,921) | 12,846,723) | 11,623,235) | 10,550,179) | 9,946,806) | 9,069,035) | 8,186,041) | 7,543,066) | 6,775,410) | 6,162,010) | 5,824,545) | 6,108,186) | 5,734,429) | 5,437,350) | 5,208,280) | 4,893,730) | 4,738,919) | 4,399,372) | 4,335,851) | 4,111,845) | |||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROA1 | 19.67% | 20.86% | 20.31% | 20.74% | 21.18% | 21.69% | 20.98% | 20.96% | 20.88% | 20.11% | 19.96% | 18.90% | 17.77% | 15.27% | 14.66% | 14.43% | 13.99% | 13.82% | 13.39% | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||||||
| Apple Inc. | 29.37% | 27.94% | 25.68% | 30.75% | 29.75% | 28.55% | 27.51% | 28.28% | 28.40% | 27.45% | 28.29% | 29.63% | 29.07% | 26.38% | 26.97% | 26.32% | 22.63% | 18.06% | 17.73% | 18.41% | 17.86% | 16.89% | |||||||
| Cisco Systems Inc. | 7.57% | 7.62% | 8.29% | 9.85% | 13.29% | 13.75% | 12.38% | 11.76% | 11.79% | 12.36% | 12.57% | 12.94% | 12.54% | 11.87% | 10.86% | 10.88% | 10.60% | 11.01% | 11.82% | 11.80% | 12.22% | 11.89% | |||||||
| Dell Technologies Inc. | 4.80% | 4.47% | 3.91% | 3.20% | 2.22% | 2.32% | 2.73% | 2.15% | 6.11% | 6.50% | 6.00% | 5.00% | 3.08% | 3.28% | 2.63% | 2.04% | 1.73% | 3.71% | 3.88% | — | — | — | |||||||
| Super Micro Computer Inc. | 14.85% | 13.09% | 11.73% | 11.84% | 13.55% | 14.96% | 17.42% | 18.39% | 18.81% | 13.45% | 8.90% | 5.98% | 4.67% | 4.56% | 4.99% | 4.56% | 4.67% | 4.65% | 4.39% | 4.57% | 4.67% | 4.64% | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q2 2025 Calculation
ROA = 100
× (Net incomeQ2 2025
+ Net incomeQ1 2025
+ Net incomeQ4 2024
+ Net incomeQ3 2024)
÷ Total assets
= 100 × (888,800 + 813,800 + 800,996 + 747,938)
÷ 16,534,200 = 19.67%
2 Click competitor name to see calculations.
The financial data reveals a consistent upward trend in net income over the observed periods, indicating improving profitability. Starting from US$138.4 million in March 2020, net income generally increases each quarter, reaching approximately US$888.8 million by June 2025. This consistent growth highlights the company's capacity to generate increasing earnings over time.
Total assets also demonstrate a strong growth trajectory. From around US$4.11 billion in March 2020, assets expanded steadily to reach approximately US$16.53 billion by June 2025. This substantial asset growth suggests ongoing investment and expansion, which may support the company's increasing operational scale and capacity.
The return on assets (ROA) metric, available from December 2020 onward, shows an overall positive trend, rising from 13.39% to a peak near 21.69% by June 2024, before experiencing a slight decline toward the end of the period with values around 19.67% by June 2025. This pattern indicates improving efficiency in generating earnings from assets initially, followed by some moderation in later quarters, though the ROA remains strong relative to its initial reported values.
- Net Income
- Exhibits a steady and significant increase across the time frame, reflecting growing profitability.
- Total Assets
- Show marked growth, more than tripling over the period, implying expansion and possibly increased operational capacity.
- Return on Assets (ROA)
- Displays an upward trend indicating improved operational efficiency, reaching a high around mid-2024, followed by a modest decline but still maintaining relatively high levels.
Overall, the data indicates a company in a phase of expansion and increasing profitability, with asset growth supporting higher net income and sustained efficiency in asset utilization. The slight easing in ROA toward the latest periods may merit attention to maintain operational effectiveness as the scale grows further.