Arista Networks vs Fortinet
ANET and FTNT side by side, both in computer and office equipment. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How ANET and FTNT compare
Arista Networks is the larger company, worth 2.1 times as much as Fortinet ($213B against $99.8B).
On earnings, Fortinet is cheaper: it trades at 47.9× trailing earnings, against 53.3× for Arista Networks.
Arista Networks grew revenue faster over the last twelve months (32.6% versus 18.8% for Fortinet).
Arista Networks keeps more of each dollar of sales as profit, with a net margin of 38.4% compared with 28.2% at Fortinet.
Fortinet scores higher on the StockData Score (16 against 15 for Arista Networks), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | ANET | FTNT |
|---|---|---|
| Size and price | ||
| Market cap | $213B | $99.8B |
| Share price | $168.86 | $136.08 |
| Change, 1 year | 4.2% | 61.6% |
| Change, 5 years | 409% | 99.4% |
| Beta (5Y) | 1.66 | 1.31 |
| Employees | 5,115 | 15K |
| StockData Score | ||
| Total score | 15 | 16 (better) |
| Valuation score | 0 | 2 (better) |
| Growth score | 3 | 4 (better) |
| Performance score | 6 (better) | 5 |
| Health score | 6 (better) | 5 |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 53.3× | 47.9× (better) |
| P/S | 20.2× | 13.3× (better) |
| P/B | 14.4× (better) | 64.4× |
| EV/EBITDA | 43.0× | 37.4× (better) |
| P/FCF | 41.3× | 32.0× (better) |
| PEG | 1.44 (better) | 1.51 |
| FCF yield | 2.4% | 3.1% (better) |
| Fair value | $115.97 | $109.03 |
| Margin of safety | −45.6% | −24.8% (better) |
| Growth | ||
| Revenue growth (TTM) | 32.6% (better) | 18.8% |
| Revenue growth, 5Y average | 31.2% (better) | 21.3% |
| Net income growth (TTM) | 24.4% (better) | 9.3% |
| EPS growth (TTM) | 24.8% (better) | 13.1% |
| EPS growth, 5Y average | 40.6% (better) | 33.1% |
| Profitability | ||
| Gross margin | 63.0% | 80.2% (better) |
| Operating margin | 43.1% (better) | 32.4% |
| Net margin | 38.4% (better) | 28.2% |
| FCF margin | 48.9% (better) | 41.4% |
| Return on equity | 31.5% | 117% (better) |
| Return on invested capital | 210% | – |
| Financial health | ||
| Debt / equity | 0.00 | 0.32 (better) |
| Net debt / EBITDA | – | −0.94 |
| Interest coverage | – | 136× |
| Current ratio | 2.96 (better) | 1.28 |
| Altman Z-score | 16.76 (better) | 7.98 |
| Piotroski F-score | 5 | 5 |
| Dividends and buybacks | ||
| Buyback yield | 0.29% | 2.8% (better) |
| Shareholder yield | 0.29% | 2.8% (better) |
| Ownership | ||
| Held by institutions | 71.4% | 68.6% |
| Held by insiders | 16.7% | 10.8% |
| Insider net buying, 12 months | −$1.3B | −$136M (better) |
| Superinvestors holding | 1 | 1 |
| Short interest, % of float | 1.1% | 1.9% |
Go deeper
- ANET stock overview
- ANET income statement
- ANET valuation and score
- FTNT stock overview
- FTNT income statement
- FTNT valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.