Which has the lower trailing P/E, ANET or INCY?

INCY has the lower trailing P/E: ANET trades at 58.48 and INCY at 16.79. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ANET or INCY?

Over the past five years, ANET grew revenue faster — ANET at a 31.58% CAGR versus INCY at 14.68%.

Is ANET or INCY more profitable?

ANET runs the higher net margin — ANET at 38.32% versus INCY at 26.71%.

How have ANET and INCY total returns compared?

Over the past 10 years, ANET delivered 44.12% and INCY delivered 2.97% annualized total return. Past performance doesn't predict future results.

Arista Networks, Inc. (ANET) vs Incyte Corporation (INCY)

A side-by-side comparison of Arista Networks, Inc. and Incyte Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.

Different business models: ANET is classified in Technology; INCY is classified in Healthcare. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

ANET

Arista Networks, Inc.

$213.69B

$169.71TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT

INCY

Incyte Corporation

$25.96B

$129.93HealthcareDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — ANET vs INCY

growth of $100 · dividends reinvested · last 12y

ANET +4864.0%INCY +140.1%ANET compounded faster

Log scale — wide-divergence pair

ANET INCY

ANET vs INCY: by the numbers

•ANET is the larger company ($213.69B vs $25.96B market cap).
•INCY trades at the lower trailing earnings multiple (16.79 vs 58.48 P/E), one valuation lens rather than an overall verdict.
•ANET converts more revenue to profit (38.32% vs 26.71% net margin).
•ANET grew revenue faster over the past five years (31.58% vs 14.68% CAGR).

Metrics side by side

Valuation

Metric	ANET	INCY
P/E ratio	58.48	16.79
Forward P/E	46.92	14.83
P/S ratio	22.40	4.59
P/B ratio	16.13	4.43
PEG ratio	2.05	0.79
EV / EBITDA	50.68	13.70
FCF yield	2.43%	5.90%

Profitability

Metric	ANET	INCY
Gross margin	63.54%	92.48%
Operating margin	42.79%	27.05%
Net margin	38.32%	26.71%
ROE	27.59%	25.79%
ROIC	22.64%	20.58%

Growth (annualized)

Metric	ANET	INCY
Revenue CAGR (5Y)	31.58%	14.68%
EPS CAGR (5Y)	39.94%	21.19%
FCF CAGR (5Y)	46.68%	20.60%
Total return CAGR (5Y)	48.81%	9.26%

Frequently asked

Which has the lower trailing P/E, ANET or INCY?: INCY has the lower trailing P/E: ANET trades at 58.48 and INCY at 16.79. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ANET or INCY?: Over the past five years, ANET grew revenue faster — ANET at a 31.58% CAGR versus INCY at 14.68%.
Is ANET or INCY more profitable?: ANET runs the higher net margin — ANET at 38.32% versus INCY at 26.71%.
How have ANET and INCY total returns compared?: Over the past 10 years, ANET delivered 44.12% and INCY delivered 2.97% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ANET analysis Full INCY analysis Interactive comparison tool

Dig into the metrics

Arista Networks P/E ratio Incyte P/E ratio Arista Networks dividend yield Incyte dividend yield Arista Networks ROE Incyte ROE Arista Networks operating margin Incyte operating margin Arista Networks revenue growth Incyte revenue growth Arista Networks free cash flow Incyte free cash flow

Arista Networks & Incyte appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 28, 2026.