AVT · Avnet Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $22.20B | $23.76B | $26.54B | $24.31B | $19.53B | $17.63B |
| Cost of Revenue | $19.82B | $20.99B | $23.35B | $21.35B | $17.29B | $15.57B |
| Gross Profit | $2.38B | $2.77B | $3.18B | $2.97B | $2.24B | $2.06B |
| R&D | - | - | - | - | - | - |
| SG&A | $1.76B | $1.87B | $1.97B | $1.99B | $1.87B | $1.84B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $71.62M | $86.71M | $88.60M | $102.30M | $131.90M | $182.20M |
| Operating Income | $514.25M | $844.37M | $1.19B | $939.01M | $281.41M | ($4.63M) |
| Interest Expense | $250.87M | $282.87M | $250.87M | $100.38M | $89.47M | $122.74M |
| Income Tax | $10.35M | $133.56M | $212.05M | $140.96M | ($20.18M) | ($98.57M) |
| Net Income | $240.22M | $498.70M | $770.83M | $692.38M | $193.11M | ($31.08M) |
| EPS - Basic | $2.78 | $5.51 | $8.37 | $7.02 | $1.95 | ($0.31) |
| EPS - Diluted | $2.75 | $5.43 | $8.26 | $6.94 | $1.93 | ($0.31) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $192.43M | $310.94M | $288.23M | $153.69M | $199.69M | $477.04M |
| Accounts Receivable | $4.33B | $4.39B | $4.76B | $4.30B | $3.58B | $2.93B |
| Inventory | $5.24B | $5.47B | $5.47B | $4.24B | $3.24B | $2.73B |
| Accounts Payable | $3.49B | $3.35B | $3.37B | $3.43B | $2.40B | $1.75B |
| Current Assets | $10.02B | $10.37B | $10.75B | $8.88B | $7.16B | $6.33B |
| Total Assets | $12.12B | $12.21B | $12.48B | $10.39B | $8.93B | $8.11B |
| Current Liabilities | $4.13B | $4.47B | $4.25B | $4.25B | $3.06B | $2.28B |
| Long-term Debt | $2.57B | $2.41B | $2.99B | $1.44B | $1.19B | $1.42B |
| Total Liabilities | $7.11B | $7.28B | $7.73B | $6.20B | $4.84B | $4.38B |
| Stockholders' Equity | $5.01B | $4.93B | $4.75B | $4.19B | $4.08B | $3.73B |
| Retained Earnings | $3.43B | $3.60B | $3.38B | $2.92B | $2.52B | $2.42B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $724.50M | $689.98M | ($713.70M) | ($219.31M) | $90.95M | $730.18M |
| Investing Cash Flow | ($137.13M) | ($225.48M) | ($211.55M) | $51.30M | ($61.20M) | ($135.02M) |
| Financing Cash Flow | ($693.53M) | ($433.80M) | $1.05B | $156.06M | ($314.01M) | ($644.55M) |
| CapEx | $147.47M | $226.48M | $194.67M | $48.90M | $50.36M | $73.52M |
| Free Cash Flow | $577.03M | $463.51M | ($908.38M) | ($268.21M) | $40.59M | $656.67M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 10.7% | 11.6% | 12.0% | 12.2% | 11.5% | 11.7% |
| Operating margin | 2.3% | 3.6% | 4.5% | 3.9% | 1.4% | -0.0% |
| EBITDA margin | 2.6% | 3.9% | 4.8% | 4.3% | 2.1% | 1.0% |
| Net margin | 1.1% | 2.1% | 2.9% | 2.8% | 1.0% | -0.2% |
| Free cash flow margin | 2.6% | 2.0% | -3.4% | -1.1% | 0.2% | 3.7% |
| FCF / Net income | 2.40 | 0.93 | -1.18 | -0.39 | 0.21 | -21.13 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.9% | 7.9% | 7.4% | 8.2% | 9.6% | 10.4% |
| Effective tax rate | 4.1% | 21.1% | 21.6% | 16.9% | -11.7% | - |
| Return on assets | 2.0% | 4.1% | 6.2% | 6.7% | 2.2% | -0.4% |
| Return on equity | 4.8% | 10.1% | 16.2% | 16.5% | 4.7% | -0.8% |
| Return on invested capital | 6.5% | 9.1% | 12.0% | 13.9% | 5.3% | -0.1% |
| Liquidity | ||||||
| Current ratio | 2.43 | 2.32 | 2.53 | 2.09 | 2.34 | 2.78 |
| Quick ratio | 1.16 | 1.10 | 1.24 | 1.09 | 1.29 | 1.58 |
| Cash ratio | 0.05 | 0.07 | 0.07 | 0.04 | 0.07 | 0.21 |
| Leverage | ||||||
| Debt / Equity | 0.51 | 0.49 | 0.63 | 0.34 | 0.29 | 0.38 |
| Debt / Assets | 0.21 | 0.20 | 0.24 | 0.14 | 0.13 | 0.18 |
| Debt / EBITDA | 4.39 | 2.58 | 2.34 | 1.38 | 2.88 | 8.02 |
| Interest coverage | 2.0x | 3.0x | 4.7x | 9.4x | 3.1x | -0.0x |
| Equity multiplier | 2.42 | 2.48 | 2.63 | 2.48 | 2.19 | 2.18 |
| Liabilities / Assets | 0.59 | 0.60 | 0.62 | 0.60 | 0.54 | 0.54 |
| Efficiency | ||||||
| Asset turnover | 1.83 | 1.95 | 2.13 | 2.34 | 2.19 | 2.18 |
| Inventory turnover | 3.78 | 3.84 | 4.27 | 5.03 | 5.34 | 5.70 |
| Days sales outstanding | 71d | 67d | 66d | 65d | 67d | 61d |
| Days inventory outstanding | 96d | 95d | 85d | 73d | 68d | 64d |
| Days payable outstanding | 64d | 58d | 53d | 59d | 51d | 41d |
| Cash conversion cycle | 103d | 104d | 98d | 78d | 84d | 84d |
| Valuation | ||||||
| P / E | 19.3x | 9.5x | 6.1x | 6.1x | 20.7x | - |
| P / B | 0.9x | 1.0x | 1.0x | 1.0x | 1.0x | 0.7x |
| P / S | 0.2x | 0.2x | 0.2x | 0.2x | 0.2x | 0.1x |
| EV / EBITDA | 12.0x | 7.3x | 5.8x | 5.3x | 12.1x | 20.1x |
| Growth | ||||||
| Revenue growth (YoY) | -6.6% | -10.5% | 9.2% | 24.4% | 10.8% | -7.4% |
| Revenue CAGR (3y) | -3.0% | 6.7% | 14.6% | 8.5% | 0.9% | 0.4% |
| Revenue CAGR (5y) | 4.7% | 4.5% | 6.9% | 6.9% | -5.7% | -8.8% |
| Gross profit growth (YoY) | -13.8% | -13.1% | 7.3% | 32.3% | 8.6% | -17.0% |
| Operating income growth (YoY) | -39.1% | -28.9% | 26.4% | 233.7% | - | - |
| Net income growth (YoY) | -51.8% | -35.3% | 11.3% | 258.5% | - | - |
| EPS growth (YoY) | -49.4% | -34.3% | 19.0% | 259.6% | - | - |
| EPS CAGR (3y) | -26.6% | 41.2% | - | 63.4% | - | - |
| EPS CAGR (5y) | - | 27.8% | - | 11.2% | -12.7% | - |
| FCF growth (YoY) | 24.5% | - | -238.7% | - | -93.8% | 59.4% |
| FCF CAGR (5y) | -2.6% | 2.4% | - | - | -12.0% | 4.7% |
| Book value growth (YoY) | 1.7% | 3.7% | 13.3% | 2.7% | 9.6% | -10.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-28.
Business segments
$22.20B totalElectronic Components$20.75B · 93.5%
Premier Farnell$1.45B · 6.5%
Product / service
$20.76B totalSemiconductors$17.00B · 81.9%
IPand E$3.30B · 15.9%
Computer Products$371.80M · 1.8%
Other$85.60M · 0.4%
Geographic
$61.59B totalNon Us$17.18B · 27.9%
Asia$10.49B · 17.0%
EMEA$6.41B · 10.4%
Americas$5.30B · 8.6%
US$5.02B · 8.1%
TW$4.68B · 7.6%
Other Foreign$4.15B · 6.7%
CN$3.52B · 5.7%
DE$2.24B · 3.6%
SG$1.36B · 2.2%
BE$1.23B · 2.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.84
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Electronic Parts & Equipment, NEC
Comparing AVNET INC against the 5 most active filers in the same SIC group.
Dividends
$1.05/share trailing 12 months · -20.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 4, 2026 | $0.3500 |
| Dec 3, 2025 | $0.3500 |
| Sep 17, 2025 | $0.3500 |
| Jun 4, 2025 | $0.3300 |
| Mar 5, 2025 | $0.3300 |
| Dec 4, 2024 | $0.3300 |
| Sep 11, 2024 | $0.3300 |
| Jun 5, 2024 | $0.3100 |
| Mar 5, 2024 | $0.3100 |
| Dec 5, 2023 | $0.3100 |
| Sep 12, 2023 | $0.3100 |
| Jun 6, 2023 | $0.2900 |
| Feb 28, 2023 | $0.2900 |
| Dec 6, 2022 | $0.2900 |
| Sep 13, 2022 | $0.2900 |
| Jun 7, 2022 | $0.2600 |
| Mar 1, 2022 | $0.2600 |
| Nov 30, 2021 | $0.2400 |
| Sep 3, 2021 | $0.2400 |
| Jun 8, 2021 | $0.2200 |
| Mar 9, 2021 | $0.2100 |
| Dec 1, 2020 | $0.2100 |
| Sep 8, 2020 | $0.2100 |
| Jun 2, 2020 | $0.2100 |