Arista Networks, Inc. vs INTERNATIONAL BUSINESS MACHINES CORP, two Computer Hardware stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Arista and IBM share the hardware label and little of the profile. Arista, riding data-center demand, keeps a 38% net margin and runs debt-free; IBM, the enterprise-services veteran, keeps a 13% net margin and carries a 2-to-1 debt load. IBM throws off the larger free-cash yield, 5.0% to Arista's 2.5, and pays a 2.5% dividend Arista does not. Arista trades near 57 times earnings on its growth, IBM near 30 on its cash. The market prices Arista's expansion and IBM's payout into two very different multiples.
Comparison updated 2026-06-15.
| Metric | ANET | IBM |
|---|---|---|
| Price | $186.90 | $287.54 |
| Market cap | $238.1B | $273.8B |
| Sector | Computer Hardware | Computer Hardware |
| Stage | Growth | Mature |
| P/E | 64.2 | 25.4 |
| P/B | 17.65 | 8.28 |
| P/S | 24.52 | 3.97 |
| EV/EBITDA | 55.5 | 593.4 |
| Revenue growth | +30.5% | +9.6% |
| Gross margin | 61.9% | 56.2% |
| Operating margin | 42.7% | — |
| Net margin | 38.3% | 12.5% |
| Return on equity | 27.6% | 26.1% |
| Return on assets | 17.2% | 5.5% |
| Return on invested capital | 24.8% | — |
| FCF yield | 2.2% | 4.7% |
| Dividend yield | — | 2.3% |
| Debt / equity | 0.00 | 2.01 |
| Current ratio | 2.83 | 0.80 |
| Altman Z (solvency) | 7.97 | 3.10 |
| 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.