Arista Networks (ANET) — Free Cash Flow Generation Index
Arista Networks (ANET) has a Free Cash Flow Generation Index of 0.97x as of March 2026. Free cash flow of $1.64 Billion represents 1% of operating cash flow ($1.69 Billion). See Arista Networks working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Arista Networks Free Cash Flow Generation Index (2011–2025)
Historical FCF Generation Index trend for Arista Networks across 15 annual periods. Explore ANET operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Arista Networks (2011–2025)
Year-by-year Free Cash Flow Generation Index for Arista Networks. For the full company profile including market capitalisation, see Arista Networks stock valuation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.97x | $4.25 Billion | $4.37 Billion | $119.50 Million | ▼ -1.9% |
| 2024 | 0.99x | $3.68 Billion | $3.71 Billion | $32.03 Million | ▲ +0.8% |
| 2023 | 0.98x | $2.00 Billion | $2.03 Billion | $34.43 Million | ▲ +8.1% |
| 2022 | 0.91x | $448.17 Million | $492.81 Million | $44.64 Million | ▼ -2.9% |
| 2021 | 0.94x | $951.12 Million | $1.02 Billion | $64.74 Million | ▼ -4.4% |
| 2020 | 0.98x | $719.73 Million | $735.11 Million | $15.38 Million | ▼ -0.5% |
| 2019 | 0.98x | $947.28 Million | $963.03 Million | $15.75 Million | ▲ +3.3% |
| 2018 | 0.95x | $479.29 Million | $503.12 Million | $23.83 Million | ▼ -2.4% |
| 2017 | 0.98x | $616.35 Million | $631.63 Million | $15.28 Million | ▲ +16.6% |
| 2016 | 0.84x | $110.02 Million | $131.44 Million | $21.42 Million | ▼ -7.0% |
| 2015 | 0.90x | $180.54 Million | $200.53 Million | $19.99 Million | ▲ +1.7% |
| 2014 | 0.89x | $101.38 Million | $114.52 Million | $13.13 Million | ▲ +114.0% |
| 2013 | 0.41x | $14.33 Million | $34.65 Million | $20.32 Million | ▼ -52.7% |
| 2012 | 0.87x | $22.99 Million | $26.31 Million | $3.31 Million | ▲ +12.5% |
| 2011 | 0.78x | $9.66 Million | $12.43 Million | $2.77 Million | — |