Arista Networks (ANET)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,087,320 | 1,352,450 | 840,854 | 634,557 | 859,867 |
| Revenue | US$ in thousands | 5,860,170 | 4,381,310 | 2,948,040 | 2,321,810 | 2,415,010 |
| Net profit margin | 35.62% | 30.87% | 28.52% | 27.33% | 35.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,087,320K ÷ $5,860,170K
= 35.62%
Arista Networks Inc has demonstrated a consistent trend of strong net profit margins over the last five years, ranging from 27.38% in 2020 to 35.62% in 2023. The company's ability to efficiently convert revenue into net income has improved steadily, with a notable peak in 2023. This indicates effective cost management and operational efficiency, leading to healthier bottom-line performance. The company's ability to sustain relatively high net profit margins compared to previous years reflects its competitive positioning and profitability. Overall, Arista Networks Inc's net profit margin performance suggests operational strength and financial stability.
Peer comparison
Dec 31, 2023