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). Explore Arista Networks capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Arista Networks cash flow conversion.
Annual Free Cash Flow Generation for Arista Networks (2011–2025)
Year-by-year Free Cash Flow Generation Index for Arista Networks. Check ANET total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |