Apple Inc. vs Arista Networks, Inc., two Computer Hardware stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Apple and Arista Networks are both classed as hardware, but Arista sells the high-end switches that wire data centers, and it shows in the margins, a 38% net margin to Apple's 27. Arista runs debt-free behind a 2.8 current ratio, the balance sheet of a company riding the AI networking buildout. The market pays up for it, near 57 times earnings to Apple's 36. Apple's return on equity towers over Arista's 28% only through the arithmetic of buybacks. One sells billions of consumer devices, the other the switches behind the cloud.
Comparison updated 2026-06-15.
| Metric | AAPL | ANET |
|---|---|---|
| Price | $315.32 | $186.90 |
| Market cap | $4.64T | $238.1B |
| Sector | Computer Hardware | Computer Hardware |
| Stage | Mature | Growth |
| Implied growth (priced in) | +32.1% | — |
| P/E | 38.2 | 64.2 |
| P/B | 43.60 | 17.65 |
| P/S | 10.29 | 24.52 |
| EV/EBITDA | 31.1 | 55.5 |
| Revenue growth | +12.4% | +30.5% |
| Gross margin | 49.3% | 61.9% |
| Operating margin | 32.3% | 42.7% |
| Net margin | 27.1% | 38.3% |
| Return on equity | 115.1% | 27.6% |
| Return on assets | 33.0% | 17.2% |
| Return on invested capital | 61.6% | 24.8% |
| FCF yield | 2.8% | 2.2% |
| Dividend yield | 0.3% | — |
| Debt / equity | 0.85 | 0.00 |
| Current ratio | 1.07 | 2.83 |
| Altman Z (solvency) | 7.61 | 7.97 |
| Piotroski F (quality) | 5 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.