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

ANET has the lower trailing P/E: ANET trades at 58.48 and ONTO at 122.58. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ANET or ONTO?

Over the past five years, ANET grew revenue faster — ANET at a 31.58% CAGR versus ONTO at 11.93%.

Is ANET or ONTO more profitable?

ANET runs the higher net margin — ANET at 38.32% versus ONTO at 10.33%.

How have ANET and ONTO total returns compared?

Over the past 10 years, ANET delivered 44.12% and ONTO delivered 27.97% annualized total return. Past performance doesn't predict future results.

Arista Networks, Inc. (ANET) vs Onto Innovation Inc. (ONTO)

A side-by-side comparison of Arista Networks, Inc. and Onto Innovation Inc. 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.

ANET

Arista Networks, Inc.

$213.69B

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

ONTO

Onto Innovation Inc.

$12.03B

$241.89TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — ANET vs ONTO

growth of $100 · dividends reinvested · last 12y

ANET +4864.0%ONTO +1496.1%ANET compounded faster

ANET ONTO

ANET vs ONTO: by the numbers

•ANET is the larger company ($213.69B vs $12.03B market cap).
•ANET trades at the lower trailing earnings multiple (58.48 vs 122.58 P/E), one valuation lens rather than an overall verdict.
•ANET converts more revenue to profit (38.32% vs 10.33% net margin).
•ANET grew revenue faster over the past five years (31.58% vs 11.93% CAGR).

Metrics side by side

Valuation

Metric	ANET	ONTO
P/E ratio	58.48	122.58
Forward P/E	46.92	52.80
P/S ratio	22.40	12.73
P/B ratio	16.13	6.15
PEG ratio	2.05	N/A
EV / EBITDA	50.68	68.27
FCF yield	2.43%	1.82%

Profitability

Metric	ANET	ONTO
Gross margin	63.54%	48.80%
Operating margin	42.79%	10.53%
Net margin	38.32%	10.33%
ROE	27.59%	4.99%
ROIC	22.64%	5.18%

Growth (annualized)

Metric	ANET	ONTO
Revenue CAGR (5Y)	31.58%	11.93%
EPS CAGR (5Y)	39.94%	-0.96%
FCF CAGR (5Y)	46.68%	11.03%
Total return CAGR (5Y)	48.81%	29.23%

Frequently asked

Which has the lower trailing P/E, ANET or ONTO?: ANET has the lower trailing P/E: ANET trades at 58.48 and ONTO at 122.58. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ANET or ONTO?: Over the past five years, ANET grew revenue faster — ANET at a 31.58% CAGR versus ONTO at 11.93%.
Is ANET or ONTO more profitable?: ANET runs the higher net margin — ANET at 38.32% versus ONTO at 10.33%.
How have ANET and ONTO total returns compared?: Over the past 10 years, ANET delivered 44.12% and ONTO delivered 27.97% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ANET analysis Full ONTO analysis Interactive comparison tool

Dig into the metrics

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

Arista Networks & Onto Innovation 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.