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 2.7 times as much as Fortinet ($249B against $93.5B).
On earnings, Fortinet is cheaper: it trades at 41.3× trailing earnings, against 53.0× for Arista Networks.
Arista Networks grew revenue faster over the last twelve months (40.7% versus 20.2% for Fortinet).
Arista Networks keeps more of each dollar of sales as profit, with a net margin of 40.0% compared with 29.0% at Fortinet.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | ANET | FTNT |
|---|---|---|
| Size and price | ||
| Market cap | $249B | $93.5B |
| Share price | $197.29 | $127.22 |
| Change, 1 year | 46.2% | 54.9% |
| Change, 5 years | 512% | 85.7% |
| Beta (5Y) | 1.67 | 1.38 |
| Employees | 5,115 | 15K |
| StockData Score | ||
| Total score | 16 | 16 |
| Valuation score | 0 | 2 (better) |
| Growth score | 4 | 4 |
| Performance score | 6 (better) | 5 |
| Health score | 6 (better) | 5 |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 53.0× | 41.3× (better) |
| P/S | 20.9× | 11.9× (better) |
| P/B | 15.1× (better) | 41.6× |
| EV/EBITDA | 44.2× | 32.7× (better) |
| P/FCF | 49.6× | 27.2× (better) |
| PEG | 1.43 | 1.30 (better) |
| FCF yield | 2.0% | 3.7% (better) |
| Fair value | $130.56 | $114.96 |
| Margin of safety | −51.1% | −10.7% (better) |
| Growth | ||
| Revenue growth (TTM) | 40.7% (better) | 20.2% |
| Revenue growth, 5Y average | 31.2% (better) | 21.3% |
| Net income growth (TTM) | 41.6% (better) | 21.8% |
| EPS growth (TTM) | 41.4% (better) | 26.7% |
| EPS growth, 5Y average | 40.6% (better) | 33.1% |
| Profitability | ||
| Gross margin | 62.9% | 79.7% (better) |
| Operating margin | 43.8% (better) | 33.0% |
| Net margin | 40.0% (better) | 29.0% |
| FCF margin | 42.2% | 43.5% (better) |
| Return on equity | 33.5% | 153% (better) |
| Return on invested capital | 219% | – |
| Financial health | ||
| Debt / equity | 0.00 | 0.22 (better) |
| Net debt / EBITDA | – | −1.18 |
| Interest coverage | – | 176× |
| Current ratio | 3.29 (better) | 1.40 |
| Altman Z-score | 19.55 (better) | 7.40 |
| Piotroski F-score | 5 | 5 |
| Dividends and buybacks | ||
| Buyback yield | 0.25% | 1.0% (better) |
| Shareholder yield | 0.25% | 1.0% (better) |
| Ownership | ||
| Held by institutions | 71.4% | 68.6% |
| Held by insiders | 16.5% | 10.7% |
| Insider net buying, 12 months | −$1.6B | −$143M (better) |
| Superinvestors holding | 1 | 1 |
| Short interest, % of float | 1.1% | 1.8% |
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.