Arista Networks, Inc. ANET NYSE

Arista Networks, Inc. (ANET) generated $4.37B in operating cash flow for fiscal year 2025. After capital expenditures of $119.5M, free cash flow was $4.25B.

Free cash flow margin was 47.2% of revenue. Cash conversion ratio was 1.25x, indicating earnings are backed by cash.

The company returned $1.6B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (86/100, Pass) — $4.25B (47.2% FCF margin) supports a durable competitive advantage
• INCOME (100/100) — Cash conversion ratio was 1.25x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 86/100 with 6/7 criteria passed.