Free Trial
→ $30 stock to buy before Starlink goes public (WATCH NOW!) (From Paradigm Press) (Ad)tc pixel Free AVGO Stock Alerts

Broadcom (AVGO) Financials

Broadcom logo
$412.56 -12.88 (-3.03%)
Closing price 04:00 PM Eastern
Extended Trading
$412.61 +0.05 (+0.01%)
As of 05:09 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Broadcom

Annual Income Statements for Broadcom

This table shows Broadcom's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/1/2015 10/30/2016 10/29/2017 11/4/2018 11/3/2019 11/1/2020 10/31/2021 10/30/2022 10/29/2023 11/3/2024 11/2/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,364 -1,739 1,692 12,259 2,695 2,663 6,437 11,223 14,082 5,895 23,126
Consolidated Net Income / (Loss)		 1,364 -1,861 1,784 12,610 2,724 2,960 6,736 11,495 14,082 5,895 23,126
Net Income / (Loss) Continuing Operations		 1,391 -1,749 1,790 12,629 2,736 2,961 6,736 11,495 14,082 6,168 23,126
Total Pre-Tax Income 		1,467 -1,107 1,825 4,545 2,226 2,443 6,765 12,434 15,097 9,916 22,729
Total Operating Income		 1,632 -409 2,371 5,135 3,444 4,014 8,519 14,225 16,207 13,463 25,484
Total Gross Profit		 3,553 5,940 8,509 10,733 12,483 13,516 16,844 22,095 24,690 32,509 43,294
Total Revenue		 6,824 13,240 17,636 20,848 22,597 23,888 27,450 33,203 35,819 51,574 63,887
Operating Revenue		 6,824 13,240 17,636 20,848 22,597 23,888 27,450 33,203 35,819 51,574 63,887
Total Cost of Revenue		 3,271 7,300 9,127 10,115 10,114 10,372 10,606 11,108 11,129 19,065 20,593
Operating Cost of Revenue		 2,787 7,300 9,127 10,115 10,114 10,372 10,606 11,108 11,129 19,065 20,593
Total Operating Expenses		 1,921 6,349 6,138 5,598 9,039 9,502 8,325 7,870 8,483 19,046 17,810
Selling, General & Admin Expense		 486 806 789 1,056 1,709 1,935 1,347 1,382 1,592 4,959 4,211
Research & Development Expense		 1,049 2,674 3,302 3,768 4,696 4,968 4,854 4,919 5,253 9,310 10,977
Amortization Expense		 249 1,873 1,764 541 1,898 2,401 1,976 1,512 1,394 3,244 2,031
Restructuring Charge		 137 996 161 219 736 198 148 57 244 1,533 591
Total Other Income / (Expense), net		 -165 -698 -546 -590 -1,218 -1,571 -1,754 -1,791 -1,110 -3,547 -2,755
Interest Expense		 201 708 620 628 1,444 1,777 1,885 1,737 1,622 3,953 3,210
Other Income / (Expense), net		 36 10 74 38 226 206 131 -54 512 406 455
Income Tax Expense		 76 642 35 -8,084 -510 -518 29 939 1,015 3,748 -397
Net Income / (Loss) Discontinued Operations		 -27 -112 -6.00 -19 -12 -1.00 - 0.00 0.00 -273 0.00
Basic Earnings per Share		 $5.17 ($4.75) $4.18 $29.33 $6.77 $6.62 $15.70 $2.74 $3.39 $1.27 $4.91
Weighted Average Basic Shares Outstanding		 264M 366M 405M 418M 398M 402M 410M 4.09B 4.15B 4.62B 4.71B
Diluted Earnings per Share		 $4.85 ($4.86) $4.02 $28.44 $6.43 $6.33 $15.00 $2.65 $3.30 $1.23 $4.77
Weighted Average Diluted Shares Outstanding		 281M 383M 421M 431M 419M 421M 429M 4.23B 4.27B 4.78B 4.85B
Weighted Average Basic & Diluted Shares Outstanding		 276.49M 366.10M 404.80M 418M 397.79M 406.71M 412.87M 417.89M 468.14M 4.69B 4.74B
Cash Dividends to Common per Share		 $1.55 - $4.08 $7.00 $10.60 $13.00 $14.40 - $1.84 $2.11 $2.36

Quarterly Income Statements for Broadcom

This table shows Broadcom's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 4/30/2023 7/30/2023 10/29/2023 2/4/2024 5/5/2024 8/4/2024 11/3/2024 2/2/2025 5/4/2025 8/3/2025 11/2/2025
Net Income / (Loss) Attributable to Common Shareholders		 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965 4,140 8,518
Consolidated Net Income / (Loss)		 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965 4,140 8,518
Net Income / (Loss) Continuing Operations		 3,481 3,303 3,524 1,274 2,121 -1,432 4,205 5,503 4,965 4,140 8,518
Total Pre-Tax Income 		3,716 3,574 3,967 1,342 2,005 2,806 3,763 5,490 5,085 5,285 6,869
Total Operating Income		 4,008 3,856 4,240 2,083 2,965 3,788 4,627 6,260 5,829 5,887 7,508
Total Gross Profit		 6,115 6,164 6,407 7,375 7,776 8,356 9,002 10,145 10,197 10,703 12,249
Total Revenue		 8,733 8,876 9,295 11,961 12,487 13,072 14,054 14,916 15,004 15,952 18,015
Operating Revenue		 8,733 8,876 9,295 11,961 12,487 13,072 14,054 14,916 15,004 15,952 18,015
Total Cost of Revenue		 2,618 2,712 2,888 4,586 4,711 4,716 5,052 4,771 4,807 5,249 5,766
Operating Cost of Revenue		 2,618 2,712 2,888 4,586 4,711 4,716 5,052 4,771 4,807 5,249 5,766
Total Operating Expenses		 2,107 2,308 2,167 5,292 4,811 4,568 4,375 3,885 4,368 4,816 4,741
Selling, General & Admin Expense		 438 388 418 1,572 1,277 1,100 1,010 949 1,083 1,072 1,107
Research & Development Expense		 1,312 1,358 1,388 2,308 2,415 2,353 2,234 2,253 2,693 3,050 2,981
Amortization Expense		 348 350 348 792 827 812 813 511 506 507 507
Restructuring Charge		 9.00 212 13 620 292 303 318 172 86 187 146
Total Other Income / (Expense), net		 -292 -282 -273 -741 -960 -982 -864 -770 -744 -602 -639
Interest Expense		 405 406 405 926 1,047 1,064 916 873 769 807 761
Other Income / (Expense), net		 113 124 132 185 87 82 52 103 25 205 122
Income Tax Expense		 235 271 443 68 -116 4,238 -442 -13 120 1,145 -1,649
Basic Earnings per Share		 $8.39 $0.80 $0.85 $0.29 $0.46 ($0.40) $0.94 $1.17 $1.05 $0.88 $1.81
Weighted Average Basic Shares Outstanding		 415M 4.13B 4.15B 4.52B 4.65B 4.66B 4.62B 4.70B 4.71B 4.71B 4.71B
Diluted Earnings per Share		 $8.15 $0.77 $0.85 $0.28 $0.44 ($0.40) $0.94 $1.14 $1.03 $0.85 $1.81
Weighted Average Diluted Shares Outstanding		 427M 4.27B 4.27B 4.67B 4.80B 4.66B 4.78B 4.84B 4.83B 4.86B 4.85B
Basic & Diluted Earnings per Share		 - - $0.85 - - - $0.94 - - - $1.81
Weighted Average Basic & Diluted Shares Outstanding		 412.69M 412.74M 468.14M 463.42M 465.49M 4.67B 4.69B 4.70B 4.70B 4.72B 4.74B
Cash Dividends to Common per Share		 $4.60 - $0.46 - - - $0.54 $0.59 $0.59 - $0.59

Annual Cash Flow Statements for Broadcom

This table details how cash moves in and out of Broadcom's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/1/2015 10/30/2016 10/29/2017 11/4/2018 11/3/2019 11/1/2020 10/31/2021 10/30/2022 10/29/2023 11/3/2024 11/2/2025
Net Change in Cash & Equivalents		 218 1,275 8,107 -6,912 763 2,563 4,545 253 1,773 -4,841 6,830
Net Cash From Operating Activities		 2,318 3,411 6,551 8,880 9,697 12,061 13,764 16,736 18,085 19,962 27,537
Net Cash From Continuing Operating Activities		 2,318 3,411 6,551 8,880 9,697 12,061 13,764 16,736 18,085 19,962 27,537
Net Income / (Loss) Continuing Operations		 1,364 -1,861 1,784 12,610 2,724 2,960 6,736 11,495 14,082 5,895 23,126
Consolidated Net Income / (Loss)		 1,364 -1,861 1,784 12,610 2,724 2,960 6,736 11,495 14,082 5,895 23,126
Depreciation Expense		 962 402 451 515 569 570 539 529 502 593 574
Amortization Expense		 22 2,676 4,310 3,590 5,308 6,443 5,598 4,584 3,465 9,844 8,545
Non-Cash Adjustments To Reconcile Net Income		 172 1,313 804 1,261 2,214 2,137 1,827 1,816 2,180 6,302 7,800
Changes in Operating Assets and Liabilities, net		 -202 881 -798 -9,096 -1,118 -49 -936 -1,688 -2,144 -2,672 -12,508
Net Cash From Investing Activities		 -241 -9,840 -674 -4,674 -15,422 -11,109 -245 -667 -689 -23,070 -580
Net Cash From Continuing Investing Activities		 -241 -9,840 -674 -4,674 -15,422 -11,109 -245 -667 -689 -23,070 -580
Purchase of Property, Plant & Equipment		 -593 -723 -1,069 -635 -432 -463 -443 -424 -452 -548 -623
Acquisitions		 -394 -10,055 -40 -4,800 -16,033 -10,872 -8.00 -246 -53 -25,978 0.00
Purchase of Investments		 -14 -58 -207 -249 - 0.00 0.00 -200 -346 -175 -597
Divestitures		 650 898 10 773 957 218 45 0.00 0.00 3,485 300
Sale and/or Maturity of Investments		 0.00 104 200 - 0.00 0.00 169 200 228 156 248
Other Investing Activities, net		 0.00 -11 -9.00 -2.00 -2.00 8.00 -8.00 3.00 -66 -10 92
Net Cash From Financing Activities		 -1,859 7,704 2,230 -11,118 6,488 1,611 -8,974 -15,816 -15,623 -1,733 -20,127
Net Cash From Continuing Financing Activities		 -1,859 7,704 2,230 -11,118 6,488 1,611 -8,974 -15,816 -15,623 -1,733 -20,127
Repayment of Debt		 -1,817 -11,440 -13,708 -1,018 -16,836 -20,168 -11,537 -2,378 -415 -19,671 -18,562
Repurchase of Common Equity		 - 0.00 0.00 -7,258 -5,435 0.00 0.00 -7,000 -5,824 -7,176 -2,450
Payment of Dividends		 -408 -750 -1,745 -2,998 -4,235 -5,534 -6,212 -7,032 -7,645 -9,814 -11,142
Issuance of Debt		 0.00 19,510 17,426 0.00 30,034 27,802 9,904 1,935 0.00 39,954 15,666
Issuance of Common Equity		 241 295 257 212 253 276 170 114 122 190 221
Other Financing Activities, net		 125 89 0.00 -56 -972 -765 -1,299 -1,455 -1,861 -5,216 -3,860
Cash Interest Paid		 172 448 310 547 1,287 1,408 1,565 1,386 1,503 3,250 2,672
Cash Income Taxes Paid		 138 242 349 512 741 501 775 908 1,782 3,155 2,589

Quarterly Cash Flow Statements for Broadcom

This table details how cash moves in and out of Broadcom's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 4/30/2023 7/30/2023 10/29/2023 2/4/2024 5/5/2024 8/4/2024 11/3/2024 2/2/2025 5/4/2025 8/3/2025 11/2/2025
Net Change in Cash & Equivalents		 -1,094 502 2,134 -2,325 -2,055 143 -604 -41 165 1,246 5,460
Net Cash From Operating Activities		 4,502 4,719 4,828 4,815 4,580 4,963 5,604 6,113 6,555 7,166 7,703
Net Cash From Continuing Operating Activities		 4,502 4,719 4,828 4,815 4,580 4,963 5,604 6,113 6,555 7,166 7,703
Net Income / (Loss) Continuing Operations		 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965 4,140 8,518
Consolidated Net Income / (Loss)		 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965 4,140 8,518
Depreciation Expense		 129 122 124 139 149 149 156 142 142 142 148
Amortization Expense		 843 843 842 2,308 2,500 2,490 2,546 2,129 2,118 2,142 2,156
Non-Cash Adjustments To Reconcile Net Income		 534 629 665 1,620 1,549 1,629 1,504 1,386 1,811 2,352 2,251
Changes in Operating Assets and Liabilities, net		 -485 -178 -327 -577 -1,739 2,570 -2,926 -3,047 -2,481 -1,610 -5,370
Net Cash From Investing Activities		 -318 -144 -124 -25,477 -706 3,245 -132 -174 -133 94 -367
Net Cash From Continuing Investing Activities		 -318 -144 -124 -25,477 -706 3,245 -132 -174 -133 94 -367
Purchase of Property, Plant & Equipment		 -122 -122 -105 -122 -132 -172 -122 -100 -144 -142 -237
Purchase of Investments		 -197 -91 -58 -13 -59 -73 -30 -105 -57 -99 -336
Sale and/or Maturity of Investments		 - 74 154 89 42 5.00 20 18 78 51 101
Other Investing Activities, net		 1.00 12 -79 -15 3.00 2.00 - 13 -10 -16 105
Net Cash From Financing Activities		 -5,278 -4,073 -2,570 18,337 -5,929 -8,065 -6,076 -5,980 -6,257 -6,014 -1,876
Net Cash From Continuing Financing Activities		 -5,278 -4,073 -2,570 18,337 -5,929 -8,065 -6,076 -5,980 -6,257 -6,014 -1,876
Repayment of Debt		 -7.00 -5.00 -148 -948 -2,002 -9,238 -7,483 -8,136 -4.00 -6,757 -3,665
Payment of Dividends		 -1,914 -1,901 -1,904 -2,435 -2,443 -2,452 -2,484 -2,774 -2,785 -2,786 -2,797
Issuance of Debt		 - - - 30,010 - 4,975 4,969 6,966 630 3,587 4,483
Issuance of Common Equity		 - - 59 - - - 126 - - - 103

Annual Balance Sheets for Broadcom

This table presents Broadcom's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/1/2015 10/30/2016 10/29/2017 11/4/2018 11/3/2019 11/1/2020 10/31/2021 10/30/2022 10/29/2023 11/3/2024 11/2/2025
Total Assets		 10,515 49,966 54,418 50,124 67,493 75,933 75,570 73,249 72,861 165,645 171,092
Total Current Assets		 3,759 7,125 15,823 9,107 9,917 11,895 16,586 18,504 20,847 19,595 31,573
Cash & Equivalents		 1,822 3,097 11,204 4,292 5,055 7,618 12,163 12,416 14,189 9,348 16,178
Accounts Receivable		 1,019 2,181 2,448 3,325 3,259 2,297 2,071 2,958 3,154 4,416 7,145
Inventories, net		 524 1,400 1,447 1,124 874 1,003 1,297 1,925 1,898 1,760 2,270
Other Current Assets		 394 447 724 366 729 977 1,055 1,205 1,606 4,071 5,980
Plant, Property, & Equipment, net		 1,460 2,509 2,599 2,635 2,565 2,509 2,348 2,223 2,154 2,521 2,530
Total Noncurrent Assets		 5,296 40,332 35,996 38,382 55,011 61,529 56,636 52,522 49,860 143,529 136,989
Goodwill		 1,674 24,732 24,706 26,913 36,714 43,447 43,450 43,614 43,653 97,873 97,801
Intangible Assets		 3,277 15,068 10,832 10,762 17,554 16,782 11,374 7,111 3,867 40,583 32,273
Other Noncurrent Operating Assets		 345 532 458 707 743 1,300 1,812 1,797 2,340 5,073 6,915
Total Liabilities & Shareholders' Equity		 10,515 49,966 54,418 50,124 67,493 75,933 75,570 73,249 72,861 165,645 171,092
Total Liabilities		 5,801 28,090 31,232 23,467 42,523 52,032 50,581 50,540 48,873 97,967 89,800
Total Current Liabilities		 1,119 3,078 2,529 2,338 6,899 6,371 6,281 7,052 7,405 16,697 18,514
Short-Term Debt		 46 454 117 0.00 2,787 827 290 440 1,608 1,271 3,152
Accounts Payable		 617 1,261 1,105 811 855 836 1,086 998 1,210 1,662 1,560
Current Employee Benefit Liabilities		 250 517 626 715 641 877 1,066 1,202 935 1,971 2,129
Other Current Liabilities		 206 846 681 812 2,616 3,831 3,839 4,412 3,652 11,793 11,673
Total Noncurrent Liabilities		 4,682 25,012 28,703 21,129 35,624 45,661 44,327 43,488 41,468 81,270 71,286
Long-Term Debt		 3,826 13,188 17,431 17,493 30,011 40,235 39,440 39,075 37,621 66,295 61,984
Other Noncurrent Operating Liabilities		 381 11,293 11,272 3,636 5,613 5,426 4,887 4,413 3,847 14,975 9,302
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4,714 21,876 23,186 26,657 24,941 23,874 24,962 22,709 23,988 67,678 81,292
Total Preferred & Common Equity		 4,714 18,892 20,285 26,657 24,941 23,874 24,962 22,709 23,988 67,678 81,292
Preferred Stock		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 4,714 18,892 20,285 26,657 24,941 23,874 24,962 22,709 23,988 67,678 81,292
Common Stock		 2,547 19,241 20,505 23,285 25,081 23,982 24,330 21,159 21,099 67,471 71,313
Retained Earnings		 2,240 -215 -129 3,487 0.00 0.00 748 1,604 2,682 0.00 9,761
Accumulated Other Comprehensive Income / (Loss)		 -73 -134 -91 -115 -140 -108 -116 -54 207 207 218

Quarterly Balance Sheets for Broadcom

This table presents Broadcom's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 1/29/2023 4/30/2023 7/30/2023 10/29/2023 2/4/2024 5/5/2024 8/4/2024 11/3/2024 2/2/2025 5/4/2025 8/3/2025
Total Assets		 72,976 71,667 71,595 72,861 177,870 175,211 167,966 165,645 165,358 164,630 165,621
Total Current Assets		 18,836 17,871 18,333 20,847 27,192 25,302 19,947 19,595 20,990 22,181 24,998
Cash & Equivalents		 12,647 11,553 12,055 14,189 11,864 9,809 9,952 9,348 9,307 9,472 10,718
Accounts Receivable		 3,234 3,031 2,914 3,154 4,969 5,500 4,665 4,416 4,955 5,563 6,494
Inventories, net		 1,899 1,886 1,842 1,898 1,920 1,842 1,894 1,760 1,908 2,017 2,180
Other Current Assets		 1,056 1,401 1,522 1,606 8,439 8,151 3,436 4,071 4,820 5,129 5,606
Plant, Property, & Equipment, net		 2,201 2,209 2,180 2,154 2,662 2,668 2,602 2,521 2,465 2,462 2,451
Total Noncurrent Assets		 51,939 51,587 51,082 49,860 148,016 147,241 145,417 143,529 141,903 139,987 138,172
Goodwill		 43,614 43,614 43,619 43,653 97,586 97,873 97,873 97,873 97,871 97,801 97,801
Intangible Assets		 6,225 5,434 4,654 3,867 47,185 45,407 43,034 40,583 38,583 36,393 34,344
Other Noncurrent Operating Assets		 2,100 2,539 2,809 2,340 3,245 3,961 4,510 5,073 5,449 5,793 6,027
Total Liabilities & Shareholders' Equity		 72,976 71,667 71,595 72,861 177,870 175,211 167,966 165,645 165,358 164,630 165,621
Total Liabilities		 49,666 49,660 49,516 48,873 107,586 105,250 102,315 97,967 95,569 95,044 92,344
Total Current Liabilities		 7,483 7,511 7,345 7,405 20,369 20,171 19,221 16,697 20,910 20,597 16,704
Short-Term Debt		 1,115 1,117 1,119 1,608 2,433 2,426 3,161 1,271 5,653 5,531 1,399
Accounts Payable		 923 831 992 1,210 1,496 1,441 1,757 1,662 1,905 1,297 1,432
Current Employee Benefit Liabilities		 536 634 831 935 1,128 1,385 1,725 1,971 922 1,266 1,719
Other Current Liabilities		 4,909 4,929 4,403 3,652 15,312 14,919 12,578 11,793 12,430 12,503 12,154
Total Noncurrent Liabilities		 42,183 42,149 42,171 41,468 87,217 85,079 83,094 81,270 74,659 74,447 75,640
Long-Term Debt		 38,167 38,194 38,222 37,621 73,468 71,590 66,798 66,295 60,926 61,751 62,830
Other Noncurrent Operating Liabilities		 4,016 3,955 3,949 3,847 13,749 13,489 16,296 14,975 13,733 12,696 12,810
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 23,310 22,007 22,079 23,988 70,284 69,961 65,651 67,678 69,789 69,586 73,277
Total Preferred & Common Equity		 23,310 22,007 22,079 23,988 70,284 69,961 65,651 67,678 69,789 69,586 73,277
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 23,310 22,007 22,079 23,988 70,284 69,961 65,651 67,678 69,789 69,586 73,277
Common Stock		 21,119 20,826 20,855 21,099 70,077 69,754 67,318 67,471 66,853 66,694 69,016
Retained Earnings		 2,371 1,363 1,178 2,682 0.00 0.00 -1,875 0.00 2,729 2,686 4,040
Accumulated Other Comprehensive Income / (Loss)		 -180 -182 46 207 207 207 208 207 207 206 221

Annual Metrics And Ratios for Broadcom

This table displays calculated financial ratios and metrics derived from Broadcom's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/1/2015 10/30/2016 10/29/2017 11/4/2018 11/3/2019 11/1/2020 10/31/2021 10/30/2022 10/29/2023 11/3/2024 11/2/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 59.85% 94.02% 33.20% 18.21% 8.39% 5.71% 14.91% 20.96% 7.88% 43.99% 23.87%
EBITDA Growth		 143.08% 1.02% 168.98% 28.75% 2.90% 17.66% 31.64% 30.41% 7.27% 17.50% 44.24%
EBIT Growth		 269.03% -123.92% 712.78% 111.57% -29.05% 14.99% 104.98% 63.83% 17.98% -17.05% 87.03%
NOPAT Growth		 291.03% -141.76% 459.88% 513.56% -70.33% 14.93% 74.35% 55.03% 14.95% -44.60% 209.63%
Net Income Growth		 418.63% -236.44% 195.86% 606.84% -78.40% 8.66% 127.57% 70.65% 22.51% -58.14% 292.30%
EPS Growth		 389.90% -200.21% 182.72% 607.46% -77.39% -1.56% 136.97% 70.65% 22.51% -62.73% 287.80%
Operating Cash Flow Growth		 97.28% 47.15% 92.06% 35.55% 9.20% 24.38% 14.12% 21.59% 8.06% 10.38% 37.95%
Free Cash Flow Firm Growth		 111.61% -6,959.58% 119.83% -24.46% -318.81% 102.70% 5,604.91% 19.35% 0.16% -530.85% 131.50%
Invested Capital Growth		 20.79% 379.32% -8.92% 34.97% 32.25% 8.79% -8.40% -5.18% -1.57% 156.78% 3.46%
Revenue Q/Q Growth		 3.80% 20.98% 4.18% 2.96% 1.49% 2.98% 3.55% 4.81% 1.03% 10.17% 6.61%
EBITDA Q/Q Growth		 8.42% 13.52% 14.20% 6.29% 0.37% 6.96% 5.89% 6.29% 0.31% 9.18% 7.85%
EBIT Q/Q Growth		 14.32% -51.71% 18.46% 18.27% -11.18% 11.91% 13.76% 11.16% 2.11% 2.26% 12.84%
NOPAT Q/Q Growth		 28.33% -198.14% 160.82% 5.40% 1.14% 13.52% 7.32% 11.27% 0.43% 18.12% 19.65%
Net Income Q/Q Growth		 27.48% -143.59% 221.44% 4.60% -8.96% 19.21% 10.95% 13.53% 1.19% 15.70% 22.15%
EPS Q/Q Growth		 27.30% -422.58% 986.49% 5.65% -11.31% 18.99% 6.76% 13.53% 1.19% 12.84% 18.66%
Operating Cash Flow Q/Q Growth		 9.49% 29.16% 10.21% 8.24% -1.58% 7.76% 1.42% 6.64% 1.37% 4.04% 8.25%
Free Cash Flow Firm Q/Q Growth		 -47.96% 4.18% 27.96% 14.41% -1.43% 128.04% 2.81% 5.00% -1.14% 1.03% 5.04%
Invested Capital Q/Q Growth		 -0.22% -4.68% -4.21% -2.60% -1.67% -2.35% -2.17% -1.16% -0.68% 0.19% 2.73%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 52.07% 44.86% 48.25% 51.48% 55.24% 56.58% 61.36% 66.55% 68.93% 63.03% 67.77%
EBITDA Margin		 38.86% 20.23% 40.86% 44.50% 42.25% 47.02% 53.87% 58.08% 57.75% 47.13% 54.88%
Operating Margin		 23.92% -3.09% 13.44% 24.63% 15.24% 16.80% 31.03% 42.84% 45.25% 26.10% 39.89%
EBIT Margin		 24.44% -3.01% 13.86% 24.81% 16.24% 17.67% 31.51% 42.68% 46.68% 26.89% 40.60%
Profit (Net Income) Margin		 19.99% -14.06% 10.12% 60.49% 12.05% 12.39% 24.54% 34.62% 39.31% 11.43% 36.20%
Tax Burden Percent		 92.98% 168.11% 97.75% 277.45% 122.37% 121.16% 99.57% 92.45% 93.28% 59.45% 101.75%
Interest Burden Percent		 87.95% 277.44% 74.64% 87.86% 60.65% 57.89% 78.21% 87.74% 90.30% 71.50% 87.62%
Effective Tax Rate		 5.18% -57.99% 1.92% -177.87% -22.91% -21.20% 0.43% 7.55% 6.72% 37.80% -1.75%
Return on Invested Capital (ROIC)		 25.03% -3.30% 7.51% 41.13% 9.15% 8.84% 15.44% 25.70% 30.59% 9.57% 20.25%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.71% -22.59% 1.09% 24.16% 1.78% 2.62% 9.72% 19.64% 26.62% 3.62% 15.01%
Return on Net Nonoperating Assets (RNNOA)		 9.25% -10.70% 0.41% 9.47% 1.41% 3.29% 12.15% 22.53% 29.72% 3.29% 10.80%
Return on Equity (ROE)		 34.28% -14.00% 7.92% 50.60% 10.56% 12.13% 27.59% 48.23% 60.31% 12.86% 31.05%
Cash Return on Invested Capital (CROIC)		 6.20% -134.25% 16.84% 11.36% -18.63% 0.42% 24.21% 31.02% 32.17% -78.31% 16.85%
Operating Return on Assets (OROA)		 15.88% -1.32% 4.68% 9.90% 6.24% 5.88% 11.42% 19.04% 22.89% 11.63% 15.41%
Return on Assets (ROA)		 12.99% -6.15% 3.42% 24.12% 4.63% 4.13% 8.89% 15.45% 19.28% 4.94% 13.74%
Return on Common Equity (ROCE)		 34.28% -12.43% 6.88% 47.65% 10.56% 12.13% 27.59% 48.23% 60.31% 12.86% 31.05%
Return on Equity Simple (ROE_SIMPLE)		 - - - 47.30% 10.92% 12.40% 26.99% 50.62% 58.70% 8.71% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,547 -646 2,326 14,268 4,233 4,865 8,482 13,151 15,117 8,374 25,929
NOPAT Margin		 22.68% -4.88% 13.19% 68.44% 18.73% 20.37% 30.90% 39.61% 42.20% 16.24% 40.59%
Net Nonoperating Expense Percent (NNEP)		 8.33% 19.29% 6.41% 16.97% 7.37% 6.22% 5.72% 6.06% 3.97% 5.96% 5.23%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 21.13% 23.91% 6.19% 17.71%
Cost of Revenue to Revenue		 47.93% 55.14% 51.75% 48.52% 44.76% 43.42% 38.64% 33.45% 31.07% 36.97% 32.23%
SG&A Expenses to Revenue		 7.12% 6.09% 4.47% 5.07% 7.56% 8.10% 4.91% 4.16% 4.44% 9.62% 6.59%
R&D to Revenue		 15.37% 20.20% 18.72% 18.07% 20.78% 20.80% 17.68% 14.81% 14.67% 18.05% 17.18%
Operating Expenses to Revenue		 28.15% 47.95% 34.80% 26.85% 40.00% 39.78% 30.33% 23.70% 23.68% 36.93% 27.88%
Earnings before Interest and Taxes (EBIT)		 1,668 -399 2,445 5,173 3,670 4,220 8,650 14,171 16,719 13,869 25,939
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,652 2,679 7,206 9,278 9,547 11,233 14,787 19,284 20,686 24,306 35,058
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 2.85 4.08 5.36 8.19 8.09 14.21 11.66 21.47
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 3.64 4.50 5.36 7.45 5.53 9.51 15.30 27.32
Price to Earnings (P/E)		 0.00 0.00 0.00 6.20 37.74 48.09 31.76 16.37 24.20 133.83 75.48
Dividend Yield		 0.00% 0.00% 0.00% 3.81% 4.13% 4.11% 2.90% 3.62% 2.23% 1.25% 0.64%
Earnings Yield		 0.00% 0.00% 0.00% 16.14% 2.65% 2.08% 3.15% 6.11% 4.13% 0.75% 1.32%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 2.24 2.46 2.82 4.42 4.23 7.46 6.73 13.78
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 4.28 5.73 6.76 8.45 6.35 10.21 16.43 28.09
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 9.61 13.56 14.38 15.69 10.93 17.68 34.85 51.19
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 17.24 35.27 38.27 26.82 14.88 21.88 61.08 69.18
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 6.25 30.58 33.20 27.35 16.03 24.20 101.16 69.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 10.04 13.35 13.39 16.86 12.60 20.23 42.44 65.17
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 22.63 0.00 692.81 17.45 13.28 23.01 0.00 83.17
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.82 0.62 0.76 0.66 1.32 1.72 1.59 1.74 1.64 1.00 0.80
Long-Term Debt to Equity		 0.81 0.60 0.75 0.66 1.20 1.69 1.58 1.72 1.57 0.98 0.76
Financial Leverage		 0.55 0.47 0.37 0.39 0.79 1.25 1.25 1.15 1.12 0.91 0.72
Leverage Ratio		 2.64 2.27 2.32 2.10 2.28 2.94 3.10 3.12 3.13 2.60 2.26
Compound Leverage Factor		 2.32 6.31 1.73 1.84 1.38 1.70 2.43 2.74 2.83 1.86 1.98
Debt to Total Capital		 45.10% 38.41% 43.08% 39.62% 56.80% 63.23% 61.41% 63.50% 62.05% 49.96% 44.48%
Short-Term Debt to Total Capital		 0.54% 1.28% 0.29% 0.00% 4.83% 1.27% 0.45% 0.71% 2.54% 0.94% 2.15%
Long-Term Debt to Total Capital		 44.56% 37.13% 42.79% 39.62% 51.98% 61.96% 60.97% 62.80% 59.51% 49.02% 42.33%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 8.40% 7.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 54.90% 53.19% 49.80% 60.38% 43.20% 36.77% 38.59% 36.50% 37.95% 50.04% 55.52%
Debt to EBITDA		 1.46 5.09 2.44 1.89 3.44 3.66 2.69 2.05 1.90 2.78 1.86
Net Debt to EBITDA		 0.77 3.94 0.88 1.42 2.91 2.98 1.86 1.41 1.21 2.40 1.40
Long-Term Debt to EBITDA		 1.44 4.92 2.42 1.89 3.14 3.58 2.67 2.03 1.82 2.73 1.77
Debt to NOPAT		 2.50 -21.11 7.55 1.23 7.75 8.44 4.68 3.00 2.60 8.07 2.51
Net Debt to NOPAT		 1.32 -16.32 2.73 0.93 6.55 6.87 3.25 2.06 1.66 6.95 1.89
Long-Term Debt to NOPAT		 2.47 -20.41 7.50 1.23 7.09 8.27 4.65 2.97 2.49 7.92 2.39
Altman Z-Score		 0.00 0.00 0.00 2.96 2.00 2.06 3.34 3.49 5.71 5.44 12.71
Noncontrolling Interest Sharing Ratio		 0.00% 11.22% 13.06% 5.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.36 2.31 6.26 3.90 1.44 1.87 2.64 2.62 2.82 1.17 1.71
Quick Ratio		 2.54 1.71 5.40 3.26 1.21 1.56 2.27 2.18 2.34 0.82 1.26
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 383 -26,303 5,217 3,940 -8,622 233 13,298 15,872 15,897 -68,494 21,575
Operating Cash Flow to CapEx		 479.92% 475.07% 1,043.15% 2,242.42% 2,818.90% 2,604.97% 3,107.00% 3,947.17% 4,001.11% 3,642.70% 4,420.06%
Free Cash Flow to Firm to Interest Expense		 1.91 -37.15 8.41 6.27 -5.97 0.13 7.05 9.14 9.80 -17.33 6.72
Operating Cash Flow to Interest Expense		 11.53 4.82 10.57 14.14 6.72 6.79 7.30 9.64 11.15 5.05 8.58
Operating Cash Flow Less CapEx to Interest Expense		 9.13 3.80 9.55 13.51 6.48 6.53 7.07 9.39 10.87 4.91 8.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.65 0.44 0.34 0.40 0.38 0.33 0.36 0.45 0.49 0.43 0.38
Accounts Receivable Turnover		 7.58 8.28 7.62 7.22 6.86 8.60 12.57 13.20 11.72 13.63 11.05
Inventory Turnover		 6.27 7.59 6.41 7.87 10.12 11.05 9.22 6.90 5.82 10.42 10.22
Fixed Asset Turnover		 5.21 6.67 6.91 7.97 8.69 9.42 11.30 14.53 16.37 22.06 25.30
Accounts Payable Turnover		 5.78 7.77 7.72 10.56 12.14 12.27 11.04 10.66 10.08 13.28 12.78
Days Sales Outstanding (DSO)		 48.17 44.11 47.90 50.54 53.17 42.45 29.04 27.64 31.14 26.79 33.03
Days Inventory Outstanding (DIO)		 58.19 48.10 56.93 46.39 36.05 33.03 39.58 52.94 62.69 35.02 35.71
Days Payable Outstanding (DPO)		 63.16 46.95 47.31 34.57 30.06 29.75 33.07 34.24 36.21 27.49 28.55
Cash Conversion Cycle (CCC)		 43.20 45.26 57.52 62.35 59.17 45.72 35.54 46.34 57.62 34.31 40.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,764 32,421 29,530 39,858 52,713 57,345 52,529 49,808 49,028 125,896 130,250
Invested Capital Turnover		 1.10 0.68 0.57 0.60 0.49 0.43 0.50 0.65 0.72 0.59 0.50
Increase / (Decrease) in Invested Capital		 1,164 25,657 -2,891 10,328 12,855 4,632 -4,816 -2,721 -780 76,868 4,354
Enterprise Value (EV)		 0.00 0.00 0.00 89,163 129,452 161,498 232,033 210,835 365,810 847,172 1,794,486
Market Capitalization		 0.00 0.00 0.00 75,962 101,709 128,054 204,466 183,736 340,770 788,954 1,745,528
Book Value per Share		 $16.78 $49.33 $48.18 $64.48 $62.88 $59.02 $60.64 $56.07 $58.12 $14.49 $17.21
Tangible Book Value per Share		 ($0.84) ($54.59) ($36.23) ($26.65) ($73.93) ($89.88) ($72.55) ($69.18) ($57.01) ($15.15) ($10.33)
Total Capital		 8,586 35,518 40,734 44,150 57,739 64,936 64,692 62,224 63,217 135,244 146,428
Total Debt		 3,872 13,642 17,548 17,493 32,798 41,062 39,730 39,515 39,229 67,566 65,136
Total Long-Term Debt		 3,826 13,188 17,431 17,493 30,011 40,235 39,440 39,075 37,621 66,295 61,984
Net Debt		 2,050 10,545 6,344 13,201 27,743 33,444 27,567 27,099 25,040 58,218 48,958
Capital Expenditures (CapEx)		 483 718 628 396 344 463 443 424 452 548 623
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 864 1,404 2,207 2,477 750 -1,267 -1,568 -524 861 -5,179 33
Debt-free Net Working Capital (DFNWC)		 2,686 4,501 13,411 6,769 5,805 6,351 10,595 11,892 15,050 4,169 16,211
Net Working Capital (NWC)		 2,640 4,047 13,294 6,769 3,018 5,524 10,305 11,452 13,442 2,898 13,059
Net Nonoperating Expense (NNE)		 183 1,215 542 1,658 1,509 1,905 1,746 1,656 1,035 2,479 2,803
Net Nonoperating Obligations (NNO)		 2,050 10,545 6,344 13,201 27,772 33,471 27,567 27,099 25,040 58,218 48,958
Total Depreciation and Amortization (D&A)		 984 3,078 4,761 4,105 5,877 7,013 6,137 5,113 3,967 10,437 9,119
Debt-free, Cash-free Net Working Capital to Revenue		 12.66% 10.60% 12.51% 11.88% 3.32% -5.30% -5.71% -1.58% 2.40% -10.04% 0.05%
Debt-free Net Working Capital to Revenue		 39.36% 34.00% 76.04% 32.47% 25.69% 26.59% 38.60% 35.82% 42.02% 8.08% 25.37%
Net Working Capital to Revenue		 38.69% 30.57% 75.38% 32.47% 13.36% 23.12% 37.54% 34.49% 37.53% 5.62% 20.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.17 ($4.75) $4.18 $0.00 $0.68 $0.66 $1.57 $2.74 $3.39 $1.27 $4.91
Adjusted Weighted Average Basic Shares Outstanding		 264M 366M 405M 0.00 3.98B 4.02B 4.10B 4.09B 4.15B 4.62B 4.71B
Adjusted Diluted Earnings per Share		 $4.85 ($4.86) $4.02 $0.00 $0.64 $0.63 $1.50 $2.65 $3.30 $1.23 $4.77
Adjusted Weighted Average Diluted Shares Outstanding		 281M 383M 421M 0.00 4.19B 4.21B 4.29B 4.23B 4.27B 4.78B 4.85B
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($4.75) $4.18 $0.00 $0.68 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 366.10M 404.80M 0.00 3.98B 4.07B 4.13B 4.18B 4.68B 4.69B 4.74B
Normalized Net Operating Profit after Tax (NOPAT)		 1,677 411 2,603 3,758 2,926 2,948 8,630 13,203 15,345 9,328 18,253
Normalized NOPAT Margin		 24.58% 3.10% 14.76% 18.02% 12.95% 12.34% 31.44% 39.77% 42.84% 18.09% 28.57%
Pre Tax Income Margin		 21.50% -8.36% 10.35% 21.80% 9.85% 10.23% 24.64% 37.45% 42.15% 19.23% 35.58%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.30 -0.56 3.94 8.24 2.54 2.37 4.59 8.16 10.31 3.51 8.08
NOPAT to Interest Expense		 7.70 -0.91 3.75 22.72 2.93 2.74 4.50 7.57 9.32 2.12 8.08
EBIT Less CapEx to Interest Expense		 5.90 -1.58 2.93 7.61 2.30 2.11 4.35 7.91 10.03 3.37 7.89
NOPAT Less CapEx to Interest Expense		 5.30 -1.93 2.74 22.09 2.69 2.48 4.27 7.33 9.04 1.98 7.88
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.91% -40.30% 97.81% 23.77% 155.47% 186.96% 92.22% 61.17% 54.29% 166.48% 48.18%
Augmented Payout Ratio		 29.91% -40.30% 97.81% 81.33% 354.99% 186.96% 92.22% 122.07% 95.65% 288.21% 58.77%

Quarterly Metrics And Ratios for Broadcom

This table displays calculated financial ratios and metrics derived from Broadcom's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 4/30/2023 7/30/2023 10/29/2023 2/4/2024 5/5/2024 8/4/2024 11/3/2024 2/2/2025 5/4/2025 8/3/2025 11/2/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.77% 4.87% 4.09% 34.17% 42.99% 47.27% 51.20% 24.71% 20.16% 22.03% 28.18%
EBITDA Growth		 10.60% -0.94% 1.21% -11.21% 11.94% 31.63% 38.27% 83.12% 42.33% 28.68% 34.59%
EBIT Growth		 24.58% 6.33% 8.59% -46.59% -25.94% -2.76% 7.02% 180.56% 91.81% 57.42% 63.07%
NOPAT Growth		 19.17% 3.52% 1.84% -50.96% -16.46% -154.25% 37.28% 217.32% 81.46% 338.55% 80.07%
Net Income Growth		 34.40% 7.45% 4.91% -64.89% -39.07% -156.77% 22.70% 315.32% 134.09% 320.80% 96.99%
EPS Growth		 37.44% 7.45% 4.91% -67.73% -45.77% -151.95% 10.59% 307.14% 134.09% 312.50% 92.55%
Operating Cash Flow Growth		 6.10% 6.67% 5.35% 19.30% 1.73% 5.17% 16.07% 26.96% 43.12% 44.39% 37.46%
Free Cash Flow Firm Growth		 -17.05% -31.87% -29.18% -1,394.05% -1,593.72% -1,803.30% -1,676.98% 116.43% 115.34% 104.45% 106.91%
Invested Capital Growth		 -3.28% -2.04% -1.57% 168.94% 169.60% 154.55% 156.78% -5.41% -5.05% 0.90% 3.46%
Revenue Q/Q Growth		 -2.04% 1.64% 4.72% 28.68% 4.40% 4.68% 7.51% 6.13% 0.59% 6.32% 12.93%
EBITDA Q/Q Growth		 -4.09% -2.91% 7.95% -11.67% 20.91% 14.17% 13.40% 16.98% -6.02% 3.23% 18.60%
EBIT Q/Q Growth		 -2.94% -3.42% 9.85% -48.12% 34.57% 26.80% 20.90% 35.99% -8.00% 4.07% 25.25%
NOPAT Q/Q Growth		 -6.89% -5.09% 5.69% -47.50% 58.62% -161.63% 367.46% 21.36% -9.30% -18.97% 101.89%
Net Income Q/Q Growth		 -7.76% -5.11% 6.69% -62.40% 60.08% -188.40% 330.61% 27.27% -9.78% -16.62% 105.75%
EPS Q/Q Growth		 -7.39% -5.11% 6.69% -66.55% 55.63% -109.05% 335.00% 21.28% -9.65% -17.48% 112.94%
Operating Cash Flow Q/Q Growth		 11.55% 4.82% 2.31% -0.27% -4.88% 8.36% 12.92% 9.08% 7.23% 9.32% 7.49%
Free Cash Flow Firm Q/Q Growth		 -14.56% -15.59% -1.00% -1,912.35% 1.37% 3.74% 8.35% 118.88% -7.92% -72.07% 42.36%
Invested Capital Q/Q Growth		 -0.36% -0.80% -0.68% 173.97% -0.11% -6.34% 0.19% 0.93% 0.26% -0.48% 2.73%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 70.02% 69.45% 68.93% 61.66% 62.27% 63.92% 64.05% 68.01% 67.96% 67.10% 67.99%
EBITDA Margin		 58.32% 55.71% 57.43% 39.42% 45.66% 49.79% 52.52% 57.88% 54.08% 52.51% 55.14%
Operating Margin		 45.89% 43.44% 45.62% 17.41% 23.74% 28.98% 32.92% 41.97% 38.85% 36.90% 41.68%
EBIT Margin		 47.19% 44.84% 47.04% 18.96% 24.44% 29.61% 33.29% 42.66% 39.02% 38.19% 42.35%
Profit (Net Income) Margin		 39.86% 37.21% 37.91% 11.08% 16.99% -14.34% 30.77% 36.89% 33.09% 25.95% 47.28%
Tax Burden Percent		 93.68% 92.42% 88.83% 98.73% 105.79% -66.82% 114.91% 100.24% 97.64% 78.33% 124.01%
Interest Burden Percent		 90.17% 89.80% 90.74% 59.17% 65.69% 72.51% 80.42% 86.28% 86.86% 86.75% 90.03%
Effective Tax Rate		 6.32% 7.58% 11.17% 5.07% -5.79% 151.03% -11.75% -0.24% 2.36% 21.67% -24.01%
Return on Invested Capital (ROIC)		 29.77% 28.54% 29.37% 6.97% 11.64% -7.91% 21.69% 17.55% 16.55% 13.73% 25.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 28.83% 27.62% 28.44% 5.53% 9.43% -7.78% 19.66% 16.28% 15.36% 12.89% 24.30%
Return on Net Nonoperating Assets (RNNOA)		 39.08% 36.52% 31.76% 5.36% 9.43% -7.74% 17.86% 14.10% 13.43% 10.54% 17.48%
Return on Equity (ROE)		 68.85% 65.06% 61.13% 12.34% 21.07% -15.65% 39.55% 31.65% 29.97% 24.26% 43.26%
Cash Return on Invested Capital (CROIC)		 32.84% 32.24% 32.17% -77.43% -78.36% -79.08% -78.31% 15.53% 17.29% 16.27% 16.85%
Operating Return on Assets (OROA)		 23.06% 22.25% 23.06% 5.88% 8.44% 11.57% 14.40% 13.55% 13.10% 13.72% 16.07%
Return on Assets (ROA)		 19.48% 18.46% 18.59% 3.43% 5.86% -5.61% 13.31% 11.72% 11.11% 9.32% 17.94%
Return on Common Equity (ROCE)		 68.85% 65.06% 61.13% 12.34% 21.07% -15.65% 39.55% 31.65% 29.97% 24.26% 43.26%
Return on Equity Simple (ROE_SIMPLE)		 62.20% 63.03% 0.00% 16.55% 14.68% 7.76% 0.00% 14.43% 18.56% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 3,755 3,564 3,767 1,977 3,137 -1,933 5,170 6,275 5,691 4,612 9,310
NOPAT Margin		 42.99% 40.15% 40.52% 16.53% 25.12% -14.79% 36.79% 42.07% 37.93% 28.91% 51.68%
Net Nonoperating Expense Percent (NNEP)		 0.94% 0.92% 0.93% 1.44% 2.21% -0.13% 2.03% 1.27% 1.19% 0.83% 1.48%
Return On Investment Capital (ROIC_SIMPLE)		 - - 5.96% - - - 3.82% 4.60% 4.16% 3.35% 6.36%
Cost of Revenue to Revenue		 29.98% 30.55% 31.07% 38.34% 37.73% 36.08% 35.95% 31.99% 32.04% 32.91% 32.01%
SG&A Expenses to Revenue		 5.02% 4.37% 4.50% 13.14% 10.23% 8.41% 7.19% 6.36% 7.22% 6.72% 6.14%
R&D to Revenue		 15.02% 15.30% 14.93% 19.30% 19.34% 18.00% 15.90% 15.10% 17.95% 19.12% 16.55%
Operating Expenses to Revenue		 24.13% 26.00% 23.31% 44.24% 38.53% 34.94% 31.13% 26.05% 29.11% 30.19% 26.32%
Earnings before Interest and Taxes (EBIT)		 4,121 3,980 4,372 2,268 3,052 3,870 4,679 6,363 5,854 6,092 7,630
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5,093 4,945 5,338 4,715 5,701 6,509 7,381 8,634 8,114 8,376 9,934
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 11.60 16.53 14.21 7.14 8.44 10.20 11.66 14.86 13.76 18.53 21.47
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 7.29 10.29 9.51 12.91 13.85 14.30 15.30 19.02 16.78 22.65 27.32
Price to Earnings (P/E)		 18.82 26.31 24.20 43.12 57.47 131.40 133.83 102.97 74.13 71.71 75.48
Dividend Yield		 2.84% 2.02% 2.23% 1.57% 1.55% 0.00% 1.25% 0.98% 1.10% 0.80% 0.64%
Earnings Yield		 5.31% 3.80% 4.13% 2.32% 1.74% 0.76% 0.75% 0.97% 1.35% 1.39% 1.32%
Enterprise Value to Invested Capital (EV/IC)		 5.69 7.94 7.46 4.21 4.88 5.81 6.73 8.61 7.97 11.13 13.78
Enterprise Value to Revenue (EV/Rev)		 8.08 11.06 10.21 14.55 15.36 15.58 16.43 20.07 17.80 23.55 28.09
Enterprise Value to EBITDA (EV/EBITDA)		 13.70 19.02 17.68 28.15 31.63 32.77 34.85 38.78 33.14 43.41 51.19
Enterprise Value to EBIT (EV/EBIT)		 17.54 23.95 21.88 38.37 47.88 53.79 61.08 60.92 48.89 61.39 69.18
Enterprise Value to NOPAT (EV/NOPAT)		 18.96 26.06 24.20 43.37 53.05 102.89 101.16 83.93 64.11 65.12 69.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.13 21.98 20.23 29.98 34.56 38.02 42.44 51.48 43.70 55.47 65.17
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.03 24.39 23.01 0.00 0.00 0.00 0.00 53.91 44.91 68.70 83.17
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.79 1.78 1.64 1.08 1.06 1.07 1.00 0.95 0.97 0.88 0.80
Long-Term Debt to Equity		 1.74 1.73 1.57 1.05 1.02 1.02 0.98 0.87 0.89 0.86 0.76
Financial Leverage		 1.36 1.32 1.12 0.97 1.00 1.00 0.91 0.87 0.87 0.82 0.72
Leverage Ratio		 3.34 3.33 3.13 2.68 2.68 2.73 2.60 2.45 2.44 2.40 2.26
Compound Leverage Factor		 3.01 2.99 2.84 1.59 1.76 1.98 2.09 2.11 2.12 2.08 2.04
Debt to Total Capital		 64.11% 64.05% 62.05% 51.92% 51.41% 51.59% 49.96% 48.82% 49.16% 46.71% 44.48%
Short-Term Debt to Total Capital		 1.82% 1.82% 2.54% 1.66% 1.69% 2.33% 0.94% 4.15% 4.04% 1.02% 2.15%
Long-Term Debt to Total Capital		 62.29% 62.23% 59.51% 50.26% 49.72% 49.26% 49.02% 44.68% 45.12% 45.69% 42.33%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 35.89% 35.95% 37.95% 48.08% 48.59% 48.41% 50.04% 51.18% 50.84% 53.29% 55.52%
Debt to EBITDA		 1.90 1.91 1.90 3.78 3.58 3.14 2.78 2.36 2.20 1.98 1.86
Net Debt to EBITDA		 1.34 1.32 1.21 3.19 3.10 2.70 2.40 2.03 1.89 1.65 1.40
Long-Term Debt to EBITDA		 1.85 1.85 1.82 3.66 3.46 3.00 2.73 2.16 2.02 1.93 1.77
Debt to NOPAT		 2.63 2.61 2.60 5.82 6.00 9.87 8.07 5.11 4.25 2.96 2.51
Net Debt to NOPAT		 1.86 1.81 1.66 4.91 5.20 8.46 6.95 4.39 3.65 2.47 1.89
Long-Term Debt to NOPAT		 2.56 2.54 2.49 5.63 5.80 9.42 7.92 4.67 3.90 2.90 2.39
Altman Z-Score		 3.96 5.31 5.15 3.10 3.70 4.27 5.26 6.99 6.54 9.40 12.35
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.38 2.50 2.82 1.34 1.25 1.04 1.17 1.00 1.08 1.50 1.71
Quick Ratio		 1.94 2.04 2.34 0.83 0.76 0.76 0.82 0.68 0.73 1.03 1.26
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 5,441 4,593 4,547 -82,399 -81,266 -78,226 -71,698 13,535 12,463 3,482 4,956
Operating Cash Flow to CapEx		 3,690.16% 3,868.03% 4,598.10% 3,946.72% 3,469.70% 2,885.47% 4,593.44% 6,113.00% 4,552.08% 5,046.48% 3,250.21%
Free Cash Flow to Firm to Interest Expense		 13.43 11.31 11.23 -88.98 -77.62 -73.52 -78.27 15.50 16.21 4.31 6.51
Operating Cash Flow to Interest Expense		 11.12 11.62 11.92 5.20 4.37 4.66 6.12 7.00 8.52 8.88 10.12
Operating Cash Flow Less CapEx to Interest Expense		 10.81 11.32 11.66 5.07 4.25 4.50 5.98 6.89 8.34 8.70 9.81
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.49 0.50 0.49 0.31 0.35 0.39 0.43 0.32 0.34 0.36 0.38
Accounts Receivable Turnover		 11.46 12.61 11.72 9.48 9.99 12.35 13.63 10.99 10.31 10.74 11.05
Inventory Turnover		 6.37 6.11 5.82 6.71 7.99 9.05 10.42 10.06 10.03 9.76 10.22
Fixed Asset Turnover		 15.68 16.01 16.37 15.98 17.48 19.58 22.06 21.27 22.24 23.72 25.30
Accounts Payable Turnover		 11.91 13.20 10.08 10.59 13.11 12.30 13.28 11.32 14.13 12.47 12.78
Days Sales Outstanding (DSO)		 31.84 28.94 31.14 38.52 36.53 29.55 26.79 33.21 35.39 33.98 33.03
Days Inventory Outstanding (DIO)		 57.32 59.72 62.69 54.43 45.67 40.34 35.02 36.29 36.40 37.40 35.71
Days Payable Outstanding (DPO)		 30.64 27.66 36.21 34.48 27.83 29.68 27.49 32.24 25.83 29.28 28.55
Cash Conversion Cycle (CCC)		 58.52 61.01 57.62 58.47 54.37 40.20 34.31 37.26 45.97 42.11 40.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 49,765 49,365 49,028 134,321 134,168 125,658 125,896 127,061 127,396 126,788 130,250
Invested Capital Turnover		 0.69 0.71 0.72 0.42 0.46 0.54 0.59 0.42 0.44 0.47 0.50
Increase / (Decrease) in Invested Capital		 -1,686 -1,029 -780 84,376 84,403 76,293 76,868 -7,260 -6,772 1,130 4,354
Enterprise Value (EV)		 283,085 392,197 365,810 565,630 654,636 729,472 847,172 1,094,443 1,015,315 1,411,121 1,794,486
Market Capitalization		 255,327 364,911 340,770 501,593 590,429 669,465 788,954 1,037,171 957,505 1,357,610 1,745,528
Book Value per Share		 $52.78 $53.50 $58.12 $155.50 $150.97 $141.04 $14.49 $14.89 $14.80 $15.58 $17.21
Tangible Book Value per Share		 ($64.86) ($63.47) ($57.01) ($164.79) ($158.21) ($161.67) ($15.15) ($14.22) ($13.74) ($12.52) ($10.33)
Total Capital		 61,318 61,420 63,217 146,185 143,977 135,610 135,244 136,368 136,868 137,506 146,428
Total Debt		 39,311 39,341 39,229 75,901 74,016 69,959 67,566 66,579 67,282 64,229 65,136
Total Long-Term Debt		 38,194 38,222 37,621 73,468 71,590 66,798 66,295 60,926 61,751 62,830 61,984
Net Debt		 27,758 27,286 25,040 64,037 64,207 60,007 58,218 57,272 57,810 53,511 48,958
Capital Expenditures (CapEx)		 122 122 105 122 132 172 122 100 144 142 237
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -76 52 861 -2,608 -2,252 -6,065 -5,179 -3,574 -2,357 -1,025 33
Debt-free Net Working Capital (DFNWC)		 11,477 12,107 15,050 9,256 7,557 3,887 4,169 5,733 7,115 9,693 16,211
Net Working Capital (NWC)		 10,360 10,988 13,442 6,823 5,131 726 2,898 80 1,584 8,294 13,059
Net Nonoperating Expense (NNE)		 274 261 243 652 1,016 -58 846 772 726 472 792
Net Nonoperating Obligations (NNO)		 27,758 27,286 25,040 64,037 64,207 60,007 58,218 57,272 57,810 53,511 48,958
Total Depreciation and Amortization (D&A)		 972 965 966 2,447 2,649 2,639 2,702 2,271 2,260 2,284 2,304
Debt-free, Cash-free Net Working Capital to Revenue		 -0.22% 0.15% 2.40% -6.71% -5.28% -12.96% -10.04% -6.55% -4.13% -1.71% 0.05%
Debt-free Net Working Capital to Revenue		 32.75% 34.15% 42.02% 23.82% 17.73% 8.30% 8.08% 10.51% 12.47% 16.17% 25.37%
Net Working Capital to Revenue		 29.56% 30.99% 37.53% 17.56% 12.04% 1.55% 5.62% 0.15% 2.78% 13.84% 20.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.84 $0.80 $0.09 $0.29 $0.46 ($0.40) $0.94 $1.17 $1.05 $0.88 $1.81
Adjusted Weighted Average Basic Shares Outstanding		 4.15B 4.13B 41.49B 4.52B 4.65B 4.66B 4.62B 4.70B 4.71B 4.71B 4.71B
Adjusted Diluted Earnings per Share		 $0.82 $0.77 $0.09 $0.28 $0.44 ($0.40) $0.94 $1.14 $1.03 $0.85 $1.81
Adjusted Weighted Average Diluted Shares Outstanding		 4.27B 4.27B 42.72B 4.67B 4.80B 4.66B 4.78B 4.84B 4.83B 4.86B 4.85B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.09 $0.00 $0.00 $0.00 $0.94 $0.00 $0.00 $0.00 $1.81
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.13B 4.13B 4.68B 4.63B 4.65B 4.67B 4.69B 4.70B 4.70B 4.72B 4.74B
Normalized Net Operating Profit after Tax (NOPAT)		 3,763 3,760 3,778 2,566 2,280 2,864 3,462 4,502 5,775 4,758 5,358
Normalized NOPAT Margin		 43.09% 42.36% 40.65% 21.45% 18.26% 21.91% 24.63% 30.19% 38.49% 29.83% 29.74%
Pre Tax Income Margin		 42.55% 40.27% 42.68% 11.22% 16.06% 21.47% 26.78% 36.81% 33.89% 33.13% 38.13%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 10.18 9.80 10.80 2.45 2.92 3.64 5.11 7.29 7.61 7.55 10.03
NOPAT to Interest Expense		 9.27 8.78 9.30 2.14 3.00 -1.82 5.64 7.19 7.40 5.71 12.23
EBIT Less CapEx to Interest Expense		 9.87 9.50 10.54 2.32 2.79 3.48 4.97 7.17 7.43 7.37 9.71
NOPAT Less CapEx to Interest Expense		 8.97 8.48 9.04 2.00 2.87 -1.98 5.51 7.07 7.21 5.54 11.92
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 53.76% 54.06% 54.29% 70.09% 84.52% 181.24% 166.48% 100.79% 81.25% 57.20% 48.18%
Augmented Payout Ratio		 93.89% 95.02% 95.65% 171.63% 172.19% 324.49% 288.21% 100.79% 100.22% 70.14% 58.77%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Broadcom Inc. (AVGO) based on their quarterly statements over the last four years (2022–2025). The focus is on revenue, margins, cash flow, balance sheet strength, and shareholder returns.

  • Very strong 2025 revenue with high gross margins. In Q4 2025 Broadcom reported operating revenue of $18.015B and total gross profit of $12.490B, yielding a gross margin around the upper 60s to ~68% range. This level of profitability is consistent with a high-margin, diversified semiconductor business.
  • Solid operating profitability persists in 2025. Q4 2025 shows total operating income of $7.508B on $18.015B in revenue (operating margin near 41%), supported by controlled SG&A and R&D expenses relative to revenue.
  • Robust quarterly earnings and EPS in late 2025. Q4 2025 basic and diluted earnings per share are both $1.81, with roughly 4.7–4.9B weighted shares outstanding, indicating strong quarterly profitability per share.
  • Very strong cash flow generation with meaningful free cash flow. Net cash from continuing operating activities in Q4 2025 was about $7.70B, while cash flow from operating activities for the year shows a pattern of high cash generation. Capital expenditures remain modest (Q4 2025 capex about $237M), supporting substantial free cash flow.
  • Healthy balance sheet and liquidity metrics at mid-2025. As of 2025-Q3, total assets were ~$165.6B, total liabilities ~$92.3B, and total equity ~$73.3B. Cash and equivalents stood around $10.7B, with long-term debt ≈$62.8B, indicating substantial liquidity and a strong equity base.
  • Dividend discipline. Broadcom pays a quarterly dividend of $0.59 per share, underscoring a commitment to returning capital to shareholders while funding ongoing growth. This aligns with a typical large-cap tech hardware/infrastructure tilt.
  • Capital intensity remains moderate, with limited reliance on heavy capex in 2025. Quarterly capex typically ranges around $0.1–0.3B (e.g., Q4 2025 capex ~ $237M; prior quarters similar), suggesting the company can sustain growth and shareholder returns while maintaining high FCF.
  • Leverage and debt levels are meaningful and rising modestly. Long-term debt was about $62.8B by 2025-Q3, with total liabilities of about $92.3B and equity around $73.3B. The debt load is substantial, though cash flow generation and interest coverage historically support servicing this debt.
  • Financing outflows have intermittently reduced cash position. Net cash from financing activities has been negative in several quarters (e.g., Q2 2025: −$1.88B; Q3 2025: −$6.01B; Q4 2025: −$1.88B), indicating ongoing payments for debt, dividends, and potential share activity that reduce available cash despite strong CFO.
  • Tax and non-recurring items can introduce quarterly volatility in reported net income. Some quarters show tax benefits or restructuring-related charges that can skew quarterly earnings, though the core business remains highly profitable.
05/07/26 03:57 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Broadcom's Financials

When does Broadcom's fiscal year end?

According to the most recent income statement we have on file, Broadcom's financial year ends in November. Their financial year 2025 ended on November 2, 2025.

How has Broadcom's net income changed over the last 10 years?

Broadcom's net income appears to be on an upward trend, with a most recent value of $23.13 billion in 2025, rising from $1.36 billion in 2015. The previous period was $5.90 billion in 2024. View Broadcom's forecast to see where analysts expect Broadcom to go next.

What is Broadcom's operating income?
Broadcom's total operating income in 2025 was $25.48 billion, based on the following breakdown:
  • Total Gross Profit: $43.29 billion
  • Total Operating Expenses: $17.81 billion
How has Broadcom's revenue changed over the last 10 years?

Over the last 10 years, Broadcom's total revenue changed from $6.82 billion in 2015 to $63.89 billion in 2025, a change of 836.2%.

How much debt does Broadcom have?

Broadcom's total liabilities were at $89.80 billion at the end of 2025, a 8.3% decrease from 2024, and a 1,448.0% increase since 2015.

How much cash does Broadcom have?

In the past 10 years, Broadcom's cash and equivalents has ranged from $1.82 billion in 2015 to $16.18 billion in 2025, and is currently $16.18 billion as of their latest financial filing in 2025.

How has Broadcom's book value per share changed over the last 10 years?

Over the last 10 years, Broadcom's book value per share changed from 16.78 in 2015 to 17.21 in 2025, a change of 2.6%.


Related Companies

Financial statements for NASDAQ:AVGO last updated on 12/23/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
Your book attached
Your Download Link (Expiring) If you still haven't downloaded the free Simple Options Trading For Beginners...
Profits Run | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
The $1.75T "Backdoor" ticker (NOT Starlink)
When the SpaceX IPO launches, most investors will already be too late. The real opportunity isn't the IPO itse...
Behind the Markets | Sponsoredtc pixel
Sell 99% of Your Stocks, Do THIS Instead…
Millionaire Trader Exposes: "The Single Stock Income Plan" With over 6,000 stocks on the market to choose ...
The Oxford Club | Sponsoredtc pixel
Trade this between 9:30 and 10:45 am EST
The first 75 minutes of the trading day may be the most overlooked window for consistent opportunities.If you ...
Base Camp Trading | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel