Arista Networks (ANET)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,630,280 | 2,675,700 | 1,880,780 | 1,481,890 | 1,544,340 |
| Revenue | US$ in thousands | 5,860,170 | 4,381,310 | 2,948,040 | 2,321,810 | 2,415,010 |
| Gross profit margin | 61.95% | 61.07% | 63.80% | 63.82% | 63.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,630,280K ÷ $5,860,170K
= 61.95%
Arista Networks Inc's gross profit margin has shown a slight fluctuation over the past five years. In 2023, the gross profit margin was 61.95%, slightly higher than the 61.07% reported in 2022. However, this figure was lower compared to the previous years, with 63.80% in 2021, 63.94% in 2020, and 64.06% in 2019. Overall, the trend indicates a gradual decrease in the gross profit margin over the years, suggesting potential changes in pricing strategies, production costs, or competitive pressures affecting the company's profitability at the gross level. Further analysis may be required to identify the specific factors driving this trend.
Peer comparison
Dec 31, 2023