The latest data point for ANET's Return on Sales (ROS) in Q4'25 stands at 45.7%, reflecting a modest decline from the Q2'25 peak of 49.0% but remaining above the series average. Over the period from Q2'23 to Q4'25, ROS has exhibited an overall upward trend, rising from 40.2% to a high of 49.0% in Q2'25, with intermittent fluctuations including a dip to 45.6% in Q4'24 before recovering. Notable growth occurred between Q2'24 (45.6%) and Q3'24 (48.8%), signaling improved operational efficiency, though recent quarters show stabilization around 45-49%, underscoring resilience amid volatility in the networking sector.