Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: ANET stock price vs NRG: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NRG's multiple
Needs NRG P/E.
Implied fair value · at ANET's multiple
Needs ANET P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ANET FY 2025 (ended Dec 31, 2025) · NRG FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 100% equity / 0% debt · EV / Revenue 27.02x · EV / EBITDA 56.30x
Capital structure 60% equity / 40% debt · EV / Revenue 1.20x · EV / EBITDA 13.86x
ANET carries the larger enterprise value at $243.35B against $36.92B; NRG trades on the lower EV / Revenue multiple (1.20x vs 27.02x); NRG on the lower EV / EBITDA (13.86x vs 56.30x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Arista Networks, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
NRG Energy, Inc · implied price per share
Bear
-$26.26
Base
-$21.49
Bull
-$13.00
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.07x
9.88x
Net debt / EBITDA
Leverage against operating earnings
-0.24x
4.47x
Cash and equivalents
Liquid reserves on the balance sheet
$1.96B
$4.71B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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$915.70M
$16.60B
Edwyn research
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