InterDigital or Arista Networks: Which Stock Has More Upside?

ANET: Arista Networks logo
ANET
Arista Networks

Arista Networks fell -11% during the past Week. You may be tempted to buy more, or may want to reduce your exposure. But there is an entirely different perspective you might be missing. Is there a better alternative? Turns out, its peer InterDigital gives you more. InterDigital (IDCC) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Arista Networks (ANET) stock, suggesting you may be better off investing in IDCC

  • IDCC’s quarterly revenue growth was 28.0%, vs. ANET’s 27.5%.
  • In addition, its Last 12 Months revenue growth came in at 28.8%, ahead of ANET’s 27.8%.
  • IDCC leads on profitability over both periods – LTM margin of 62.0% and 3-year average of 48.6%.

These differences become even clearer when you look at the financials side by side. The table highlights how ANET’s fundamentals stack up against those of IDCC on growth, margins, momentum, and valuation multiples.

Valuation & Performance Overview

  ANET IDCC Preferred
     
Valuation      
P/EBIT Ratio 40.8 14.7 IDCC
     
Revenue Growth      
Last Quarter 27.5% 28.0% IDCC
Last 12 Months 27.8% 28.8% IDCC
Last 3 Year Average 29.4% 27.1% ANET
     
Operating Margins      
Last 12 Months 42.9% 62.0% IDCC
Last 3 Year Average 40.8% 48.6% IDCC
     
Momentum      
Last 3 Year Return 248.9% 602.1% ANET

Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: ANET Revenue Comparison | IDCC Revenue Comparison
See more margin details: ANET Operating Income Comparison | IDCC Operating Income Comparison

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See detailed fundamentals on Buy or Sell IDCC Stock and Buy or Sell ANET Stock. Below we compare market return and related metrics across years.

Historical Market Performance

  2020 2021 2022 2023 2024 2025 Total [1] Avg Best
Returns
ANET Return 43% 98% -16% 94% 88% 8% 841% <===
IDCC Return 14% 20% -29% 124% 81% 71% 574%  
S&P 500 Return 16% 27% -19% 24% 23% 11% 102%  
Monthly Win Rates [3]
ANET Win Rate 67% 75% 42% 67% 83% 80%   69% <===
IDCC Win Rate 58% 58% 33% 50% 67% 70%   56%  
S&P 500 Win Rate 58% 75% 42% 67% 75% 70%   64%  
Max Drawdowns [4]
ANET Max Drawdown -23% -8% -37% -10% -3% -42%   -20%  
IDCC Max Drawdown -38% 0% -43% 0% -11% -11%   -17%  
S&P 500 Max Drawdown -31% -1% -25% -1% -2% -15%   -12% <===

[1] Cumulative total returns since the beginning of 2020
[2] 2025 data is for the year up to 11/21/2025 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year

No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read IDCC Dip Buyer Analyses and ANET Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.

Still not sure about ANET or IDCC? Consider portfolio approach.

Why Stock Pickers Win More With Multi Asset Portfolios

Stocks soar and sink but bonds commodities and other assets balance the ride. A multi asset portfolio keeps returns steadier and reduces single market risk.

The asset allocation framework of Trefis’ Boston-based, wealth management partner yielded positive returns during the 2008-09 period when the S&P lost more than 40%. Our partner’ strategy now includes Trefis High Quality Portfolio, which has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices