Arista Networks, Inc. vs Sandisk Corporation, two Computer Hardware stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
One number defines this pair: operating margin, 69.1% at Sandisk against 42.7% at Arista, and the reason it defines them is that only one of those figures is expected to survive a full cycle. Sandisk's margins are flash-memory weather at its sunniest, 78.4% gross, 34.2% net; Arista's come from switching software and systems sold into AI datacenter buildouts, closer to climate than weather. The market prices the difference in persistence: 54.2 times Arista's earnings, 72.5 times Sandisk's peak-cycle ones, the rare case of a cyclical carrying the higher multiple. Both are debt-free; Sandisk's 4.8 current ratio is a war chest shaped by memory-market memory. If flash pricing turns, one of these income statements rewrites itself.
Comparison updated 2026-07-10.
| Metric | ANET | SNDK |
|---|---|---|
| Price | $157.71 | $2084.54 |
| Market cap | $200.9B | $327.3B |
| Sector | Computer Hardware | Computer Hardware |
| Stage | Growth | Growth |
| P/E | 54.2 | 72.5 |
| P/B | 14.90 | 23.76 |
| P/S | 20.69 | 24.82 |
| EV/EBITDA | 46.8 | 59.9 |
| Revenue growth | +30.5% | +111.6% |
| Gross margin | 61.9% | 78.3% |
| Operating margin | 42.7% | 69.1% |
| Net margin | 38.3% | 34.2% |
| Return on equity | 27.6% | 32.7% |
| Return on assets | 17.2% | 26.4% |
| Return on invested capital | 24.8% | 34.3% |
| FCF yield | 2.6% | 1.4% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.83 | 4.78 |
| Altman Z (solvency) | 7.97 | 8.30 |
| Piotroski F (quality) | 5 / 9 | 6 / 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.