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Broadcom (AVGO) Financials

Broadcom logo
$304.97 +1.21 (+0.40%)
Closing price 08/8/2025 04:00 PM Eastern
Extended Trading
$305.45 +0.48 (+0.16%)
As of 08/8/2025 07:59 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 Polygon.io. Learn more.
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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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/2/2014 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
Net Income / (Loss) Attributable to Common Shareholders		 526 1,364 -1,739 1,692 12,259 2,695 2,663 6,437 11,223 14,082 5,895
Consolidated Net Income / (Loss)		 526 1,364 -1,861 1,784 12,610 2,724 2,960 6,736 11,495 14,082 5,895
Net Income / (Loss) Continuing Operations		 618 1,391 -1,749 1,790 12,629 2,736 2,961 6,736 11,495 14,082 6,168
Total Pre-Tax Income 		684 1,467 -1,107 1,825 4,545 2,226 2,443 6,765 12,434 15,097 9,916
Total Operating Income		 876 1,632 -409 2,371 5,135 3,444 4,014 8,519 14,225 16,207 13,463
Total Gross Profit		 3,754 3,553 5,940 8,509 10,733 12,483 13,516 16,844 22,095 24,690 32,509
Total Revenue		 8,538 6,824 13,240 17,636 20,848 22,597 23,888 27,450 33,203 35,819 51,574
Operating Revenue		 8,538 6,824 13,240 17,636 20,848 22,597 23,888 27,450 33,203 35,819 51,574
Total Cost of Revenue		 4,784 3,271 7,300 9,127 10,115 10,114 10,372 10,606 11,108 11,129 19,065
Operating Cost of Revenue		 4,286 2,787 7,300 9,127 10,115 10,114 10,372 10,606 11,108 11,129 19,065
Total Operating Expenses		 2,878 1,921 6,349 6,138 5,598 9,039 9,502 8,325 7,870 8,483 19,046
Selling, General & Admin Expense		 814 486 806 789 1,056 1,709 1,935 1,347 1,382 1,592 4,959
Research & Development Expense		 1,390 1,049 2,674 3,302 3,768 4,696 4,968 4,854 4,919 5,253 9,310
Amortization Expense		 394 249 1,873 1,764 541 1,898 2,401 1,976 1,512 1,394 3,244
Restructuring Charge		 280 137 996 161 219 736 198 148 57 244 1,533
Total Other Income / (Expense), net		 -192 -165 -698 -546 -590 -1,218 -1,571 -1,754 -1,791 -1,110 -3,547
Interest Expense		 220 201 708 620 628 1,444 1,777 1,885 1,737 1,622 3,953
Other Income / (Expense), net		 28 36 10 74 38 226 206 131 -54 512 406
Income Tax Expense		 66 76 642 35 -8,084 -510 -518 29 939 1,015 3,748
Net Income / (Loss) Discontinued Operations		 -92 -27 -112 -6.00 -19 -12 -1.00 - 0.00 0.00 -273
Preferred Stock Dividends Declared		 - - - 0.00 0.00 29 297 299 272 0.00 0.00
Basic Earnings per Share		 $1.05 $5.17 ($4.75) $4.18 $29.33 $6.77 $6.62 $15.70 $2.74 $3.39 $1.27
Weighted Average Basic Shares Outstanding		 251M 264M 366M 405M 418M 398M 402M 410M 4.09B 4.15B 4.62B
Diluted Earnings per Share		 $0.99 $4.85 ($4.86) $4.02 $28.44 $6.43 $6.33 $15.00 $2.65 $3.30 $1.23
Weighted Average Diluted Shares Outstanding		 267M 281M 383M 421M 431M 419M 421M 429M 4.23B 4.27B 4.78B
Weighted Average Basic & Diluted Shares Outstanding		 255.33M 276.49M 366.10M 404.80M 418M 397.79M 406.71M 412.87M 417.89M 468.14M 4.69B
Cash Dividends to Common per Share		 $2.26 $1.55 $1.94 $4.08 $7.00 $10.60 $13.00 $14.40 - - $2.11

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 10/30/2022 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
Net Income / (Loss) Attributable to Common Shareholders		 3,311 3,774 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965
Consolidated Net Income / (Loss)		 3,359 3,774 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965
Net Income / (Loss) Continuing Operations		 3,359 3,774 3,481 3,303 3,524 1,274 2,121 -1,432 4,205 5,503 4,965
Total Pre-Tax Income 		3,620 3,840 3,716 3,574 3,967 1,342 2,005 2,806 3,763 5,490 5,085
Total Operating Income		 3,986 4,103 4,008 3,856 4,240 2,083 2,965 3,788 4,627 6,260 5,829
Total Gross Profit		 5,926 6,004 6,115 6,164 6,407 7,375 7,776 8,356 9,002 10,145 10,197
Total Revenue		 8,930 8,915 8,733 8,876 9,295 11,961 12,487 13,072 14,054 14,916 15,004
Operating Revenue		 8,930 8,915 8,733 8,876 9,295 11,961 12,487 13,072 14,054 14,916 15,004
Total Cost of Revenue		 3,004 2,911 2,618 2,712 2,888 4,586 4,711 4,716 5,052 4,771 4,807
Operating Cost of Revenue		 3,004 2,911 2,618 2,712 2,888 4,586 4,711 4,716 5,052 4,771 4,807
Total Operating Expenses		 1,940 1,901 2,107 2,308 2,167 5,292 4,811 4,568 4,375 3,885 4,368
Selling, General & Admin Expense		 370 348 438 388 418 1,572 1,277 1,100 1,010 949 1,083
Research & Development Expense		 1,197 1,195 1,312 1,358 1,388 2,308 2,415 2,353 2,234 2,253 2,693
Amortization Expense		 358 348 348 350 348 792 827 812 813 511 506
Restructuring Charge		 15 10 9.00 212 13 620 292 303 318 172 86
Total Other Income / (Expense), net		 -366 -263 -292 -282 -273 -741 -960 -982 -864 -770 -744
Interest Expense		 406 406 405 406 405 926 1,047 1,064 916 873 769
Other Income / (Expense), net		 40 143 113 124 132 185 87 82 52 103 25
Income Tax Expense		 261 66 235 271 443 68 -116 4,238 -442 -13 120
Net Income / (Loss) Discontinued Operations		 - 0.00 0.00 0.00 - 51 0.00 -443 119 0.00 0.00
Basic Earnings per Share		 $0.81 $9.03 $8.39 $0.80 $0.85 $0.29 $0.46 ($0.40) $0.94 $1.17 $1.05
Weighted Average Basic Shares Outstanding		 4.09B 418M 415M 4.13B 4.15B 4.52B 4.65B 4.66B 4.62B 4.70B 4.71B
Diluted Earnings per Share		 $0.81 $8.80 $8.15 $0.77 $0.85 $0.28 $0.44 ($0.40) $0.94 $1.14 $1.03
Weighted Average Diluted Shares Outstanding		 4.23B 429M 427M 4.27B 4.27B 4.67B 4.80B 4.66B 4.78B 4.84B 4.83B
Weighted Average Basic & Diluted Shares Outstanding		 417.89M 416.92M 412.69M 412.74M 468.14M 463.42M 465.49M 4.67B 4.69B 4.70B 4.70B
Cash Dividends to Common per Share		 $0.44 $4.60 $4.60 - $0.46 - - $0.53 $0.54 $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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/2/2014 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
Net Change in Cash & Equivalents		 1,238 218 1,275 8,107 -6,912 763 2,563 4,545 253 1,773 -4,841
Net Cash From Operating Activities		 2,350 2,318 3,411 6,551 8,880 9,697 12,061 13,764 16,736 18,085 19,962
Net Cash From Continuing Operating Activities		 2,350 2,318 3,411 6,551 8,880 9,697 12,061 13,764 16,736 18,085 19,962
Net Income / (Loss) Continuing Operations		 526 1,364 -1,861 1,784 12,610 2,724 2,960 6,736 11,495 14,082 5,895
Consolidated Net Income / (Loss)		 526 1,364 -1,861 1,784 12,610 2,724 2,960 6,736 11,495 14,082 5,895
Depreciation Expense		 1,250 962 402 451 515 569 570 539 529 502 593
Amortization Expense		 28 22 2,676 4,310 3,590 5,308 6,443 5,598 4,584 3,465 9,844
Non-Cash Adjustments To Reconcile Net Income		 228 172 1,313 804 1,261 2,214 2,137 1,827 1,816 2,180 6,302
Changes in Operating Assets and Liabilities, net		 318 -202 881 -798 -9,096 -1,118 -49 -936 -1,688 -2,144 -2,672
Net Cash From Investing Activities		 -11,770 -241 -9,840 -674 -4,674 -15,422 -11,109 -245 -667 -689 -23,070
Net Cash From Continuing Investing Activities		 -11,770 -241 -9,840 -674 -4,674 -15,422 -11,109 -245 -667 -689 -23,070
Purchase of Property, Plant & Equipment		 -818 -593 -723 -1,069 -635 -432 -463 -443 -424 -452 -548
Acquisitions		 -11,922 -394 -10,055 -40 -4,800 -16,033 -10,872 -8.00 -246 -53 -25,978
Purchase of Investments		 0.00 -14 -58 -207 -249 - 0.00 0.00 -200 -346 -175
Divestitures		 900 650 898 10 773 957 218 45 0.00 0.00 3,485
Sale and/or Maturity of Investments		 70 0.00 104 200 - 0.00 0.00 169 200 228 156
Other Investing Activities, net		 0.00 0.00 -11 -9.00 -2.00 -2.00 8.00 -8.00 3.00 -66 -10
Net Cash From Financing Activities		 10,658 -1,859 7,704 2,230 -11,118 6,488 1,611 -8,974 -15,816 -15,623 -1,733
Net Cash From Continuing Financing Activities		 10,658 -1,859 7,704 2,230 -11,118 6,488 1,611 -8,974 -15,816 -15,623 -1,733
Repayment of Debt		 -276 -1,817 -11,440 -13,708 -1,018 -16,836 -20,168 -11,537 -2,378 -415 -19,671
Repurchase of Common Equity		 -24 - 0.00 0.00 -7,258 -5,435 0.00 0.00 -7,000 -5,824 -7,176
Payment of Dividends		 -568 -408 -750 -1,745 -2,998 -4,235 -5,534 -6,212 -7,032 -7,645 -9,814
Issuance of Debt		 11,200 0.00 19,510 17,426 0.00 30,034 27,802 9,904 1,935 0.00 39,954
Issuance of Common Equity		 248 241 295 257 212 253 276 170 114 122 190
Other Financing Activities, net		 78 125 89 0.00 -56 -972 -765 -1,299 -1,455 -1,861 -5,216
Cash Interest Paid		 156 172 448 310 547 1,287 1,408 1,565 1,386 1,503 3,250
Cash Income Taxes Paid		 46 138 242 349 512 741 501 775 908 1,782 3,155

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 10/30/2022 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
Net Change in Cash & Equivalents		 2,439 231 -1,094 502 2,134 -2,325 -2,055 143 -604 -41 165
Net Cash From Operating Activities		 4,583 4,036 4,502 4,719 4,828 4,815 4,580 4,963 5,604 6,113 6,555
Net Cash From Continuing Operating Activities		 4,583 4,036 4,502 4,719 4,828 4,815 4,580 4,963 5,604 6,113 6,555
Net Income / (Loss) Continuing Operations		 3,359 3,774 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965
Consolidated Net Income / (Loss)		 3,359 3,774 3,481 3,303 3,524 1,325 2,121 -1,875 4,324 5,503 4,965
Depreciation Expense		 129 127 129 122 124 139 149 149 156 142 142
Amortization Expense		 1,119 937 843 843 842 2,308 2,500 2,490 2,546 2,129 2,118
Non-Cash Adjustments To Reconcile Net Income		 418 352 534 629 665 1,620 1,549 1,629 1,504 1,386 1,811
Changes in Operating Assets and Liabilities, net		 -442 -1,154 -485 -178 -327 -577 -1,739 2,570 -2,926 -3,047 -2,481
Net Cash From Investing Activities		 -128 -103 -318 -144 -124 -25,477 -706 3,245 -132 -174 -133
Net Cash From Continuing Investing Activities		 -128 -103 -318 -144 -124 -25,477 -706 3,245 -132 -174 -133
Purchase of Property, Plant & Equipment		 -122 -103 -122 -122 -105 -122 -132 -172 -122 -100 -144
Purchase of Investments		 - 0.00 -197 -91 -58 -13 -59 -73 -30 -105 -57
Sale and/or Maturity of Investments		 - 0.00 - 74 154 89 42 5.00 20 18 78
Other Investing Activities, net		 1.00 0.00 1.00 12 -79 -15 3.00 2.00 - 13 -10
Net Cash From Financing Activities		 -2,016 -3,702 -5,278 -4,073 -2,570 18,337 -5,929 -8,065 -6,076 -5,980 -6,257
Net Cash From Continuing Financing Activities		 -2,016 -3,702 -5,278 -4,073 -2,570 18,337 -5,929 -8,065 -6,076 -5,980 -6,257
Repayment of Debt		 -14 -255 -7.00 -5.00 -148 -948 -2,002 -9,238 -7,483 -8,136 -4.00
Repurchase of Common Equity		 - -1,188 -2,806 -1,707 -123 -7,176 - - - 0.00 -2,450
Payment of Dividends		 -1,782 -1,926 -1,914 -1,901 -1,904 -2,435 -2,443 -2,452 -2,484 -2,774 -2,785
Issuance of Debt		 - 0.00 - - - 30,010 - 4,975 4,969 6,966 630
Other Financing Activities, net		 -274 -333 -614 -460 -454 -1,114 -1,548 -1,350 -1,204 -2,036 -1,766

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/2/2014 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
Total Assets		 10,491 10,515 49,966 54,418 50,124 67,493 75,933 75,570 73,249 72,861 165,645
Total Current Assets		 3,835 3,759 7,125 15,823 9,107 9,917 11,895 16,586 18,504 20,847 19,595
Cash & Equivalents		 1,604 1,822 3,097 11,204 4,292 5,055 7,618 12,163 12,416 14,189 9,348
Accounts Receivable		 782 1,019 2,181 2,448 3,325 3,259 2,297 2,071 2,958 3,154 4,416
Inventories, net		 519 524 1,400 1,447 1,124 874 1,003 1,297 1,925 1,898 1,760
Other Current Assets		 302 394 447 724 366 729 977 1,055 1,205 1,606 4,071
Plant, Property, & Equipment, net		 1,158 1,460 2,509 2,599 2,635 2,565 2,509 2,348 2,223 2,154 2,521
Total Noncurrent Assets		 5,498 5,296 40,332 35,996 38,382 55,011 61,529 56,636 52,522 49,860 143,529
Goodwill		 1,596 1,674 24,732 24,706 26,913 36,714 43,447 43,450 43,614 43,653 97,873
Intangible Assets		 3,617 3,277 15,068 10,832 10,762 17,554 16,782 11,374 7,111 3,867 40,583
Other Noncurrent Operating Assets		 285 345 532 458 707 743 1,300 1,812 1,797 2,340 5,073
Total Liabilities & Shareholders' Equity		 10,491 10,515 49,966 54,418 50,124 67,493 75,933 75,570 73,249 72,861 165,645
Total Liabilities		 7,248 5,801 28,090 31,232 23,467 42,523 52,032 50,581 50,540 48,873 97,967
Total Current Liabilities		 1,016 1,119 3,078 2,529 2,338 6,899 6,371 6,281 7,052 7,405 16,697
Short-Term Debt		 46 46 454 117 0.00 2,787 827 290 440 1,608 1,271
Accounts Payable		 515 617 1,261 1,105 811 855 836 1,086 998 1,210 1,662
Current Employee Benefit Liabilities		 219 250 517 626 715 641 877 1,066 1,202 935 1,971
Other Current Liabilities		 236 206 846 681 812 2,616 3,831 3,839 4,412 3,652 11,793
Total Noncurrent Liabilities		 6,232 4,682 25,012 28,703 21,129 35,624 45,661 44,327 43,488 41,468 81,270
Long-Term Debt		 5,463 3,826 13,188 17,431 17,493 30,011 40,235 39,440 39,075 37,621 66,295
Other Noncurrent Operating Liabilities		 263 381 11,293 11,272 3,636 5,613 5,426 4,887 4,413 3,847 14,975
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		 3,243 4,714 21,876 23,186 26,657 24,941 23,874 24,962 22,709 23,988 67,678
Total Preferred & Common Equity		 3,243 4,714 18,892 20,285 26,657 24,941 23,874 24,962 22,709 23,988 67,678
Preferred Stock		 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3,243 4,714 18,892 20,285 26,657 24,941 23,874 24,962 22,709 23,988 67,678
Common Stock		 2,009 2,547 19,241 20,505 23,285 25,081 23,982 24,330 21,159 21,099 67,471
Retained Earnings		 1,284 2,240 -215 -129 3,487 0.00 0.00 748 1,604 2,682 0.00
Accumulated Other Comprehensive Income / (Loss)		 -50 -73 -134 -91 -115 -140 -108 -116 -54 207 207

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 10/30/2022 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
Total Assets		 73,249 72,976 71,667 71,595 72,861 177,870 175,211 167,966 165,645 165,358 164,630
Total Current Assets		 18,504 18,836 17,871 18,333 20,847 27,192 25,302 19,947 19,595 20,990 22,181
Cash & Equivalents		 12,416 12,647 11,553 12,055 14,189 11,864 9,809 9,952 9,348 9,307 9,472
Accounts Receivable		 2,958 3,234 3,031 2,914 3,154 4,969 5,500 4,665 4,416 4,955 5,563
Inventories, net		 1,925 1,899 1,886 1,842 1,898 1,920 1,842 1,894 1,760 1,908 2,017
Other Current Assets		 1,205 1,056 1,401 1,522 1,606 8,439 8,151 3,436 4,071 4,820 5,129
Plant, Property, & Equipment, net		 2,223 2,201 2,209 2,180 2,154 2,662 2,668 2,602 2,521 2,465 2,462
Total Noncurrent Assets		 52,522 51,939 51,587 51,082 49,860 148,016 147,241 145,417 143,529 141,903 139,987
Goodwill		 43,614 43,614 43,614 43,619 43,653 97,586 97,873 97,873 97,873 97,871 97,801
Intangible Assets		 7,111 6,225 5,434 4,654 3,867 47,185 45,407 43,034 40,583 38,583 36,393
Other Noncurrent Operating Assets		 1,797 2,100 2,539 2,809 2,340 3,245 3,961 4,510 5,073 5,449 5,793
Total Liabilities & Shareholders' Equity		 73,249 72,976 71,667 71,595 72,861 177,870 175,211 167,966 165,645 165,358 164,630
Total Liabilities		 50,540 49,666 49,660 49,516 48,873 107,586 105,250 102,315 97,967 95,569 95,044
Total Current Liabilities		 7,052 7,483 7,511 7,345 7,405 20,369 20,171 19,221 16,697 20,910 20,597
Short-Term Debt		 440 1,115 1,117 1,119 1,608 2,433 2,426 3,161 1,271 5,653 5,531
Accounts Payable		 998 923 831 992 1,210 1,496 1,441 1,757 1,662 1,905 1,297
Current Employee Benefit Liabilities		 1,202 536 634 831 935 1,128 1,385 1,725 1,971 922 1,266
Other Current Liabilities		 4,412 4,909 4,929 4,403 3,652 15,312 14,919 12,578 11,793 12,430 12,503
Total Noncurrent Liabilities		 43,488 42,183 42,149 42,171 41,468 87,217 85,079 83,094 81,270 74,659 74,447
Long-Term Debt		 39,075 38,167 38,194 38,222 37,621 73,468 71,590 66,798 66,295 60,926 61,751
Other Noncurrent Operating Liabilities		 4,413 4,016 3,955 3,949 3,847 13,749 13,489 16,296 14,975 13,733 12,696
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		 22,709 23,310 22,007 22,079 23,988 70,284 69,961 65,651 67,678 69,789 69,586
Total Preferred & Common Equity		 22,709 23,310 22,007 22,079 23,988 70,284 69,961 65,651 67,678 69,789 69,586
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		 22,709 23,310 22,007 22,079 23,988 70,284 69,961 65,651 67,678 69,789 69,586
Common Stock		 21,159 21,119 20,826 20,855 21,099 70,077 69,754 67,318 67,471 66,853 66,694
Retained Earnings		 1,604 2,371 1,363 1,178 2,682 0.00 0.00 -1,875 0.00 2,729 2,686
Accumulated Other Comprehensive Income / (Loss)		 -54 -180 -182 46 207 207 207 208 207 207 206

Annual Metrics And Ratios for Broadcom

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 11/2/2014 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 69.40% 59.85% 94.02% 33.20% 18.21% 8.39% 5.71% 14.91% 20.96% 7.88% 43.99%
EBITDA Growth		 43.93% 143.08% 1.02% 168.98% 28.75% 2.90% 17.66% 31.64% 30.41% 7.27% 17.50%
EBIT Growth		 -20.70% 269.03% -123.92% 712.78% 111.57% -29.05% 14.99% 104.98% 63.83% 17.98% -17.05%
NOPAT Growth		 -26.23% 291.03% -141.76% 459.88% 513.56% -70.33% 14.93% 74.35% 55.03% 14.95% -44.60%
Net Income Growth		 -52.36% 418.63% -236.44% 195.86% 606.84% -78.40% 8.66% 127.57% 70.65% 22.51% -58.14%
EPS Growth		 -54.79% 389.90% -200.21% 182.72% 607.46% -77.39% -1.56% 136.97% 70.65% 22.51% -62.73%
Operating Cash Flow Growth		 62.74% 97.28% 47.15% 92.06% 35.55% 9.20% 24.38% 14.12% 21.59% 8.06% 10.38%
Free Cash Flow Firm Growth		 -12,342.00% 111.61% -6,959.58% 119.83% -24.46% -318.81% 102.70% 5,604.91% 19.35% 0.16% -530.85%
Invested Capital Growth		 194.58% 20.79% 379.32% -8.92% 34.97% 32.25% 8.79% -8.40% -5.18% -1.57% 156.78%
Revenue Q/Q Growth		 24.93% 3.80% 20.98% 4.18% 2.96% 1.49% 2.98% 3.55% 4.81% 1.03% 10.17%
EBITDA Q/Q Growth		 44.31% 8.42% 13.52% 14.20% 6.29% 0.37% 6.96% 5.89% 6.29% 0.31% 9.18%
EBIT Q/Q Growth		 43.49% 14.32% -51.71% 18.46% 18.27% -11.18% 11.91% 13.76% 11.16% 2.11% 2.26%
NOPAT Q/Q Growth		 -2.95% 28.33% -198.14% 160.82% 5.40% 1.14% 13.52% 7.32% 11.27% 0.43% 18.12%
Net Income Q/Q Growth		 -12.33% 27.48% -143.59% 221.44% 4.60% -8.96% 19.21% 10.95% 13.53% 1.19% 15.70%
EPS Q/Q Growth		 -15.38% 27.30% -422.58% 986.49% 5.65% -11.31% 18.99% 6.76% 13.53% 1.19% 12.84%
Operating Cash Flow Q/Q Growth		 16.80% 9.49% 29.16% 10.21% 8.24% -1.58% 7.76% 1.42% 6.64% 1.37% 4.04%
Free Cash Flow Firm Q/Q Growth		 18.16% -47.96% 4.18% 27.96% 14.41% -1.43% 128.04% 2.81% 5.00% -1.14% 1.03%
Invested Capital Q/Q Growth		 -11.25% -0.22% -4.68% -4.21% -2.60% -1.67% -2.35% -2.17% -1.16% -0.68% 0.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 43.97% 52.07% 44.86% 48.25% 51.48% 55.24% 56.58% 61.36% 66.55% 68.93% 63.03%
EBITDA Margin		 25.56% 38.86% 20.23% 40.86% 44.50% 42.25% 47.02% 53.87% 58.08% 57.75% 47.13%
Operating Margin		 10.26% 23.92% -3.09% 13.44% 24.63% 15.24% 16.80% 31.03% 42.84% 45.25% 26.10%
EBIT Margin		 10.59% 24.44% -3.01% 13.86% 24.81% 16.24% 17.67% 31.51% 42.68% 46.68% 26.89%
Profit (Net Income) Margin		 6.16% 19.99% -14.06% 10.12% 60.49% 12.05% 12.39% 24.54% 34.62% 39.31% 11.43%
Tax Burden Percent		 76.90% 92.98% 168.11% 97.75% 277.45% 122.37% 121.16% 99.57% 92.45% 93.28% 59.45%
Interest Burden Percent		 75.66% 87.95% 277.44% 74.64% 87.86% 60.65% 57.89% 78.21% 87.74% 90.30% 71.50%
Effective Tax Rate		 9.65% 5.18% -57.99% 1.92% -177.87% -22.91% -21.20% 0.43% 7.55% 6.72% 37.80%
Return on Invested Capital (ROIC)		 10.55% 25.03% -3.30% 7.51% 41.13% 9.15% 8.84% 15.44% 25.70% 30.59% 9.57%
ROIC Less NNEP Spread (ROIC-NNEP)		 -8.80% 16.71% -22.59% 1.09% 24.16% 1.78% 2.62% 9.72% 19.64% 26.62% 3.62%
Return on Net Nonoperating Assets (RNNOA)		 -1.97% 9.25% -10.70% 0.41% 9.47% 1.41% 3.29% 12.15% 22.53% 29.72% 3.29%
Return on Equity (ROE)		 8.58% 34.28% -14.00% 7.92% 50.60% 10.56% 12.13% 27.59% 48.23% 60.31% 12.86%
Cash Return on Invested Capital (CROIC)		 -88.08% 6.20% -134.25% 16.84% 11.36% -18.63% 0.42% 24.21% 31.02% 32.17% -78.31%
Operating Return on Assets (OROA)		 6.50% 15.88% -1.32% 4.68% 9.90% 6.24% 5.88% 11.42% 19.04% 22.89% 11.63%
Return on Assets (ROA)		 3.78% 12.99% -6.15% 3.42% 24.12% 4.63% 4.13% 8.89% 15.45% 19.28% 4.94%
Return on Common Equity (ROCE)		 8.58% 34.28% -12.43% 6.88% 47.65% 10.56% 12.13% 27.59% 48.23% 60.31% 12.86%
Return on Equity Simple (ROE_SIMPLE)		 - - - - 47.30% 10.92% 12.40% 26.99% 50.62% 58.70% 8.71%
Net Operating Profit after Tax (NOPAT)		 396 1,547 -646 2,326 14,268 4,233 4,865 8,482 13,151 15,117 8,374
NOPAT Margin		 9.27% 22.68% -4.88% 13.19% 68.44% 18.73% 20.37% 30.90% 39.61% 42.20% 16.24%
Net Nonoperating Expense Percent (NNEP)		 19.35% 8.33% 19.29% 6.41% 16.97% 7.37% 6.22% 5.72% 6.06% 3.97% 5.96%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 21.13% 23.91% 6.19%
Cost of Revenue to Revenue		 56.03% 47.93% 55.14% 51.75% 48.52% 44.76% 43.42% 38.64% 33.45% 31.07% 36.97%
SG&A Expenses to Revenue		 9.53% 7.12% 6.09% 4.47% 5.07% 7.56% 8.10% 4.91% 4.16% 4.44% 9.62%
R&D to Revenue		 16.28% 15.37% 20.20% 18.72% 18.07% 20.78% 20.80% 17.68% 14.81% 14.67% 18.05%
Operating Expenses to Revenue		 33.71% 28.15% 47.95% 34.80% 26.85% 40.00% 39.78% 30.33% 23.70% 23.68% 36.93%
Earnings before Interest and Taxes (EBIT)		 452 1,668 -399 2,445 5,173 3,670 4,220 8,650 14,171 16,719 13,869
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,091 2,652 2,679 7,206 9,278 9,547 11,233 14,787 19,284 20,686 24,306
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 2.85 4.08 5.36 8.19 8.09 14.21 11.66
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 0.00 3.64 4.50 5.36 7.45 5.53 9.51 15.30
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 6.20 37.74 48.09 31.76 16.37 24.20 133.83
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 3.81% 4.13% 4.11% 2.90% 3.62% 2.23% 1.25%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 16.14% 2.65% 2.08% 3.15% 6.11% 4.13% 0.75%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 2.24 2.46 2.82 4.42 4.23 7.46 6.73
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 4.28 5.73 6.76 8.45 6.35 10.21 16.43
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 9.61 13.56 14.38 15.69 10.93 17.68 34.85
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 17.24 35.27 38.27 26.82 14.88 21.88 61.08
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 6.25 30.58 33.20 27.35 16.03 24.20 101.16
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 10.04 13.35 13.39 16.86 12.60 20.23 42.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 22.63 0.00 692.81 17.45 13.28 23.01 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.42 0.82 0.62 0.76 0.66 1.32 1.72 1.59 1.74 1.64 1.00
Long-Term Debt to Equity		 1.40 0.81 0.60 0.75 0.66 1.20 1.69 1.58 1.72 1.57 0.98
Financial Leverage		 0.22 0.55 0.47 0.37 0.39 0.79 1.25 1.25 1.15 1.12 0.91
Leverage Ratio		 2.27 2.64 2.27 2.32 2.10 2.28 2.94 3.10 3.12 3.13 2.60
Compound Leverage Factor		 1.72 2.32 6.31 1.73 1.84 1.38 1.70 2.43 2.74 2.83 1.86
Debt to Total Capital		 58.59% 45.10% 38.41% 43.08% 39.62% 56.80% 63.23% 61.41% 63.50% 62.05% 49.96%
Short-Term Debt to Total Capital		 0.59% 0.54% 1.28% 0.29% 0.00% 4.83% 1.27% 0.45% 0.71% 2.54% 0.94%
Long-Term Debt to Total Capital		 58.01% 44.56% 37.13% 42.79% 39.62% 51.98% 61.96% 60.97% 62.80% 59.51% 49.02%
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% 8.40% 7.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 41.41% 54.90% 53.19% 49.80% 60.38% 43.20% 36.77% 38.59% 36.50% 37.95% 50.04%
Debt to EBITDA		 4.21 1.46 5.09 2.44 1.89 3.44 3.66 2.69 2.05 1.90 2.78
Net Debt to EBITDA		 2.74 0.77 3.94 0.88 1.42 2.91 2.98 1.86 1.41 1.21 2.40
Long-Term Debt to EBITDA		 4.16 1.44 4.92 2.42 1.89 3.14 3.58 2.67 2.03 1.82 2.73
Debt to NOPAT		 11.60 2.50 -21.11 7.55 1.23 7.75 8.44 4.68 3.00 2.60 8.07
Net Debt to NOPAT		 7.54 1.32 -16.32 2.73 0.93 6.55 6.87 3.25 2.06 1.66 6.95
Long-Term Debt to NOPAT		 11.48 2.47 -20.41 7.50 1.23 7.09 8.27 4.65 2.97 2.49 7.92
Altman Z-Score		 0.00 0.00 0.00 0.00 2.96 2.00 2.06 3.34 3.49 5.71 5.44
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 11.22% 13.06% 5.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.77 3.36 2.31 6.26 3.90 1.44 1.87 2.64 2.62 2.82 1.17
Quick Ratio		 2.35 2.54 1.71 5.40 3.26 1.21 1.56 2.27 2.18 2.34 0.82
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3,303 383 -26,303 5,217 3,940 -8,622 233 13,298 15,872 15,897 -68,494
Operating Cash Flow to CapEx		 287.29% 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%
Free Cash Flow to Firm to Interest Expense		 -30.03 1.91 -37.15 8.41 6.27 -5.97 0.13 7.05 9.14 9.80 -17.33
Operating Cash Flow to Interest Expense		 10.68 11.53 4.82 10.57 14.14 6.72 6.79 7.30 9.64 11.15 5.05
Operating Cash Flow Less CapEx to Interest Expense		 6.96 9.13 3.80 9.55 13.51 6.48 6.53 7.07 9.39 10.87 4.91
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.61 0.65 0.44 0.34 0.40 0.38 0.33 0.36 0.45 0.49 0.43
Accounts Receivable Turnover		 7.12 7.58 8.28 7.62 7.22 6.86 8.60 12.57 13.20 11.72 13.63
Inventory Turnover		 5.95 6.27 7.59 6.41 7.87 10.12 11.05 9.22 6.90 5.82 10.42
Fixed Asset Turnover		 4.69 5.21 6.67 6.91 7.97 8.69 9.42 11.30 14.53 16.37 22.06
Accounts Payable Turnover		 6.03 5.78 7.77 7.72 10.56 12.14 12.27 11.04 10.66 10.08 13.28
Days Sales Outstanding (DSO)		 51.30 48.17 44.11 47.90 50.54 53.17 42.45 29.04 27.64 31.14 26.79
Days Inventory Outstanding (DIO)		 61.34 58.19 48.10 56.93 46.39 36.05 33.03 39.58 52.94 62.69 35.02
Days Payable Outstanding (DPO)		 60.50 63.16 46.95 47.31 34.57 30.06 29.75 33.07 34.24 36.21 27.49
Cash Conversion Cycle (CCC)		 52.14 43.20 45.26 57.52 62.35 59.17 45.72 35.54 46.34 57.62 34.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,600 6,764 32,421 29,530 39,858 52,713 57,345 52,529 49,808 49,028 125,896
Invested Capital Turnover		 1.14 1.10 0.68 0.57 0.60 0.49 0.43 0.50 0.65 0.72 0.59
Increase / (Decrease) in Invested Capital		 3,699 1,164 25,657 -2,891 10,328 12,855 4,632 -4,816 -2,721 -780 76,868
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 89,163 129,452 161,498 232,033 210,835 365,810 847,172
Market Capitalization		 0.00 0.00 0.00 0.00 75,962 101,709 128,054 204,466 183,736 340,770 788,954
Book Value per Share		 $12.15 $16.78 $49.33 $48.18 $64.48 $62.88 $59.02 $60.64 $56.07 $58.12 $14.49
Tangible Book Value per Share		 ($7.38) ($0.84) ($54.59) ($36.23) ($26.65) ($73.93) ($89.88) ($72.55) ($69.18) ($57.01) ($15.15)
Total Capital		 7,832 8,586 35,518 40,734 44,150 57,739 64,936 64,692 62,224 63,217 135,244
Total Debt		 4,589 3,872 13,642 17,548 17,493 32,798 41,062 39,730 39,515 39,229 67,566
Total Long-Term Debt		 4,543 3,826 13,188 17,431 17,493 30,011 40,235 39,440 39,075 37,621 66,295
Net Debt		 2,985 2,050 10,545 6,344 13,201 27,743 33,444 27,567 27,099 25,040 58,218
Capital Expenditures (CapEx)		 409 483 718 628 396 344 463 443 424 452 548
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,261 864 1,404 2,207 2,477 750 -1,267 -1,568 -524 861 -5,179
Debt-free Net Working Capital (DFNWC)		 2,865 2,686 4,501 13,411 6,769 5,805 6,351 10,595 11,892 15,050 4,169
Net Working Capital (NWC)		 2,819 2,640 4,047 13,294 6,769 3,018 5,524 10,305 11,452 13,442 2,898
Net Nonoperating Expense (NNE)		 133 183 1,215 542 1,658 1,509 1,905 1,746 1,656 1,035 2,479
Net Nonoperating Obligations (NNO)		 2,357 2,050 10,545 6,344 13,201 27,772 33,471 27,567 27,099 25,040 58,218
Total Depreciation and Amortization (D&A)		 639 984 3,078 4,761 4,105 5,877 7,013 6,137 5,113 3,967 10,437
Debt-free, Cash-free Net Working Capital to Revenue		 29.54% 12.66% 10.60% 12.51% 11.88% 3.32% -5.30% -5.71% -1.58% 2.40% -10.04%
Debt-free Net Working Capital to Revenue		 67.11% 39.36% 34.00% 76.04% 32.47% 25.69% 26.59% 38.60% 35.82% 42.02% 8.08%
Net Working Capital to Revenue		 66.03% 38.69% 30.57% 75.38% 32.47% 13.36% 23.12% 37.54% 34.49% 37.53% 5.62%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.05 $5.17 ($4.75) $4.18 $0.00 $0.68 $0.66 $1.57 $2.74 $3.39 $1.27
Adjusted Weighted Average Basic Shares Outstanding		 251M 264M 366M 405M 0.00 3.98B 4.02B 4.10B 4.09B 4.15B 4.62B
Adjusted Diluted Earnings per Share		 $0.99 $4.85 ($4.86) $4.02 $0.00 $0.64 $0.63 $1.50 $2.65 $3.30 $1.23
Adjusted Weighted Average Diluted Shares Outstanding		 267M 281M 383M 421M 0.00 4.19B 4.21B 4.29B 4.23B 4.27B 4.78B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($4.75) $4.18 $0.00 $0.68 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 366.10M 404.80M 0.00 3.98B 4.07B 4.13B 4.18B 4.68B 4.69B
Normalized Net Operating Profit after Tax (NOPAT)		 522 1,677 411 2,603 3,758 2,926 2,948 8,630 13,203 15,345 9,328
Normalized NOPAT Margin		 12.23% 24.58% 3.10% 14.76% 18.02% 12.95% 12.34% 31.44% 39.77% 42.84% 18.09%
Pre Tax Income Margin		 8.01% 21.50% -8.36% 10.35% 21.80% 9.85% 10.23% 24.64% 37.45% 42.15% 19.23%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.11 8.30 -0.56 3.94 8.24 2.54 2.37 4.59 8.16 10.31 3.51
NOPAT to Interest Expense		 3.60 7.70 -0.91 3.75 22.72 2.93 2.74 4.50 7.57 9.32 2.12
EBIT Less CapEx to Interest Expense		 0.39 5.90 -1.58 2.93 7.61 2.30 2.11 4.35 7.91 10.03 3.37
NOPAT Less CapEx to Interest Expense		 -0.12 5.30 -1.93 2.74 22.09 2.69 2.48 4.27 7.33 9.04 1.98
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 107.98% 29.91% -40.30% 97.81% 23.77% 155.47% 186.96% 92.22% 61.17% 54.29% 166.48%
Augmented Payout Ratio		 112.55% 29.91% -40.30% 97.81% 81.33% 354.99% 186.96% 92.22% 122.07% 95.65% 288.21%

Quarterly Metrics And Ratios for Broadcom

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 10/30/2022 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 20.56% 15.69% 7.77% 4.87% 4.09% 34.17% 42.99% 47.27% 51.20% 24.71% 20.16%
EBITDA Growth		 27.61% 20.33% 10.60% -0.94% 1.21% -11.21% 11.94% 31.63% 38.27% 83.12% 42.33%
EBIT Growth		 54.67% 37.23% 24.58% 6.33% 8.59% -46.59% -25.94% -2.76% 7.02% 180.56% 91.81%
NOPAT Growth		 56.27% 41.03% 19.17% 3.52% 1.84% -50.96% -16.46% -154.25% 37.28% 217.32% 81.46%
Net Income Growth		 68.88% 52.67% 34.40% 7.45% 4.91% -64.89% -39.07% -156.77% 22.70% 315.32% 134.09%
EPS Growth		 68.88% 57.42% 37.44% 7.45% 4.91% -67.73% -45.77% -151.95% 10.59% 307.14% 134.09%
Operating Cash Flow Growth		 29.43% 15.78% 6.10% 6.67% 5.35% 19.30% 1.73% 5.17% 16.07% 26.96% 43.12%
Free Cash Flow Firm Growth		 -10.63% -8.15% -17.05% -31.87% -29.18% -1,394.05% -1,593.72% -1,803.30% -1,676.98% 116.43% 115.34%
Invested Capital Growth		 -5.18% -4.47% -3.28% -2.04% -1.57% 168.94% 169.60% 154.55% 156.78% -5.41% -5.05%
Revenue Q/Q Growth		 5.51% -0.17% -2.04% 1.64% 4.72% 28.68% 4.40% 4.68% 7.51% 6.13% 0.59%
EBITDA Q/Q Growth		 5.65% 0.68% -4.09% -2.91% 7.95% -11.67% 20.91% 14.17% 13.40% 16.98% -6.02%
EBIT Q/Q Growth		 7.56% 5.46% -2.94% -3.42% 9.85% -48.12% 34.57% 26.80% 20.90% 35.99% -8.00%
NOPAT Q/Q Growth		 7.44% 9.03% -6.89% -5.09% 5.69% -47.50% 58.62% -161.63% 367.46% 21.36% -9.30%
Net Income Q/Q Growth		 9.27% 12.35% -7.76% -5.11% 6.69% -62.40% 60.08% -188.40% 330.61% 27.27% -9.78%
EPS Q/Q Growth		 9.27% 8.64% -7.39% -5.11% 6.69% -66.55% 55.63% -109.05% 335.00% 21.28% -9.65%
Operating Cash Flow Q/Q Growth		 3.59% -11.94% 11.55% 4.82% 2.31% -0.27% -4.88% 8.36% 12.92% 9.08% 7.23%
Free Cash Flow Firm Q/Q Growth		 -4.76% -0.81% -14.56% -15.59% -1.00% -1,912.35% 1.37% 3.74% 8.35% 118.88% -7.92%
Invested Capital Q/Q Growth		 -1.16% 0.28% -0.36% -0.80% -0.68% 173.97% -0.11% -6.34% 0.19% 0.93% 0.26%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 66.36% 67.35% 70.02% 69.45% 68.93% 61.66% 62.27% 63.92% 64.05% 68.01% 67.96%
EBITDA Margin		 59.06% 59.56% 58.32% 55.71% 57.43% 39.42% 45.66% 49.79% 52.52% 57.88% 54.08%
Operating Margin		 44.64% 46.02% 45.89% 43.44% 45.62% 17.41% 23.74% 28.98% 32.92% 41.97% 38.85%
EBIT Margin		 45.08% 47.63% 47.19% 44.84% 47.04% 18.96% 24.44% 29.61% 33.29% 42.66% 39.02%
Profit (Net Income) Margin		 37.61% 42.33% 39.86% 37.21% 37.91% 11.08% 16.99% -14.34% 30.77% 36.89% 33.09%
Tax Burden Percent		 92.79% 98.28% 93.68% 92.42% 88.83% 98.73% 105.79% -66.82% 114.91% 100.24% 97.64%
Interest Burden Percent		 89.92% 90.44% 90.17% 89.80% 90.74% 59.17% 65.69% 72.51% 80.42% 86.28% 86.86%
Effective Tax Rate		 7.21% 1.72% 6.32% 7.58% 11.17% 5.07% -5.79% 151.03% -11.75% -0.24% 2.36%
Return on Invested Capital (ROIC)		 26.88% 30.45% 29.77% 28.54% 29.37% 6.97% 11.64% -7.91% 21.69% 17.55% 16.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 25.63% 29.53% 28.83% 27.62% 28.44% 5.53% 9.43% -7.78% 19.66% 16.28% 15.36%
Return on Net Nonoperating Assets (RNNOA)		 29.39% 35.70% 39.08% 36.52% 31.76% 5.36% 9.43% -7.74% 17.86% 14.10% 13.43%
Return on Equity (ROE)		 56.27% 66.15% 68.85% 65.06% 61.13% 12.34% 21.07% -15.65% 39.55% 31.65% 29.97%
Cash Return on Invested Capital (CROIC)		 31.02% 32.61% 32.84% 32.24% 32.17% -77.43% -78.36% -79.08% -78.31% 15.53% 17.29%
Operating Return on Assets (OROA)		 20.12% 22.42% 23.06% 22.25% 23.06% 5.88% 8.44% 11.57% 14.40% 13.55% 13.10%
Return on Assets (ROA)		 16.78% 19.93% 19.48% 18.46% 18.59% 3.43% 5.86% -5.61% 13.31% 11.72% 11.11%
Return on Common Equity (ROCE)		 56.27% 66.15% 68.85% 65.06% 61.13% 12.34% 21.07% -15.65% 39.55% 31.65% 29.97%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 54.90% 62.20% 63.03% 0.00% 16.55% 14.68% 7.76% 0.00% 14.43% 18.56%
Net Operating Profit after Tax (NOPAT)		 3,699 4,032 3,755 3,564 3,767 1,977 3,137 -1,933 5,170 6,275 5,691
NOPAT Margin		 41.42% 45.23% 42.99% 40.15% 40.52% 16.53% 25.12% -14.79% 36.79% 42.07% 37.93%
Net Nonoperating Expense Percent (NNEP)		 1.24% 0.92% 0.94% 0.92% 0.93% 1.44% 2.21% -0.13% 2.03% 1.27% 1.19%
Return On Investment Capital (ROIC_SIMPLE)		 5.94% - - - 5.96% - - - 3.82% 4.60% 4.16%
Cost of Revenue to Revenue		 33.64% 32.65% 29.98% 30.55% 31.07% 38.34% 37.73% 36.08% 35.95% 31.99% 32.04%
SG&A Expenses to Revenue		 4.14% 3.90% 5.02% 4.37% 4.50% 13.14% 10.23% 8.41% 7.19% 6.36% 7.22%
R&D to Revenue		 13.40% 13.40% 15.02% 15.30% 14.93% 19.30% 19.34% 18.00% 15.90% 15.10% 17.95%
Operating Expenses to Revenue		 21.72% 21.32% 24.13% 26.00% 23.31% 44.24% 38.53% 34.94% 31.13% 26.05% 29.11%
Earnings before Interest and Taxes (EBIT)		 4,026 4,246 4,121 3,980 4,372 2,268 3,052 3,870 4,679 6,363 5,854
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5,274 5,310 5,093 4,945 5,338 4,715 5,701 6,509 7,381 8,634 8,114
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.09 10.28 11.60 16.53 14.21 7.14 8.44 10.20 11.66 14.86 13.76
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)		 5.53 6.97 7.29 10.29 9.51 12.91 13.85 14.30 15.30 19.02 16.78
Price to Earnings (P/E)		 16.37 19.02 18.82 26.31 24.20 43.12 57.47 131.40 133.83 102.97 74.13
Dividend Yield		 3.62% 2.95% 2.84% 2.02% 2.23% 1.57% 1.55% 0.00% 1.25% 0.98% 1.10%
Earnings Yield		 6.11% 5.26% 5.31% 3.80% 4.13% 2.32% 1.74% 0.76% 0.75% 0.97% 1.35%
Enterprise Value to Invested Capital (EV/IC)		 4.23 5.33 5.69 7.94 7.46 4.21 4.88 5.81 6.73 8.61 7.97
Enterprise Value to Revenue (EV/Rev)		 6.35 7.74 8.08 11.06 10.21 14.55 15.36 15.58 16.43 20.07 17.80
Enterprise Value to EBITDA (EV/EBITDA)		 10.93 13.20 13.70 19.02 17.68 28.15 31.63 32.77 34.85 38.78 33.14
Enterprise Value to EBIT (EV/EBIT)		 14.88 17.38 17.54 23.95 21.88 38.37 47.88 53.79 61.08 60.92 48.89
Enterprise Value to NOPAT (EV/NOPAT)		 16.03 18.58 18.96 26.06 24.20 43.37 53.05 102.89 101.16 83.93 64.11
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.60 15.41 16.13 21.98 20.23 29.98 34.56 38.02 42.44 51.48 43.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.28 15.98 17.03 24.39 23.01 0.00 0.00 0.00 0.00 53.91 44.91
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.74 1.69 1.79 1.78 1.64 1.08 1.06 1.07 1.00 0.95 0.97
Long-Term Debt to Equity		 1.72 1.64 1.74 1.73 1.57 1.05 1.02 1.02 0.98 0.87 0.89
Financial Leverage		 1.15 1.21 1.36 1.32 1.12 0.97 1.00 1.00 0.91 0.87 0.87
Leverage Ratio		 3.12 3.16 3.34 3.33 3.13 2.68 2.68 2.73 2.60 2.45 2.44
Compound Leverage Factor		 2.81 2.86 3.01 2.99 2.84 1.59 1.76 1.98 2.09 2.11 2.12
Debt to Total Capital		 63.50% 62.76% 64.11% 64.05% 62.05% 51.92% 51.41% 51.59% 49.96% 48.82% 49.16%
Short-Term Debt to Total Capital		 0.71% 1.78% 1.82% 1.82% 2.54% 1.66% 1.69% 2.33% 0.94% 4.15% 4.04%
Long-Term Debt to Total Capital		 62.80% 60.98% 62.29% 62.23% 59.51% 50.26% 49.72% 49.26% 49.02% 44.68% 45.12%
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		 36.50% 37.24% 35.89% 35.95% 37.95% 48.08% 48.59% 48.41% 50.04% 51.18% 50.84%
Debt to EBITDA		 2.05 1.95 1.90 1.91 1.90 3.78 3.58 3.14 2.78 2.36 2.20
Net Debt to EBITDA		 1.41 1.32 1.34 1.32 1.21 3.19 3.10 2.70 2.40 2.03 1.89
Long-Term Debt to EBITDA		 2.03 1.89 1.85 1.85 1.82 3.66 3.46 3.00 2.73 2.16 2.02
Debt to NOPAT		 3.00 2.74 2.63 2.61 2.60 5.82 6.00 9.87 8.07 5.11 4.25
Net Debt to NOPAT		 2.06 1.86 1.86 1.81 1.66 4.91 5.20 8.46 6.95 4.39 3.65
Long-Term Debt to NOPAT		 2.97 2.66 2.56 2.54 2.49 5.63 5.80 9.42 7.92 4.67 3.90
Altman Z-Score		 3.03 3.79 3.96 5.31 5.15 3.10 3.70 4.27 5.26 6.99 6.54
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		 2.62 2.52 2.38 2.50 2.82 1.34 1.25 1.04 1.17 1.00 1.08
Quick Ratio		 2.18 2.12 1.94 2.04 2.34 0.83 0.76 0.76 0.82 0.68 0.73
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 6,420 6,367 5,441 4,593 4,547 -82,399 -81,266 -78,226 -71,698 13,535 12,463
Operating Cash Flow to CapEx		 3,756.56% 3,918.45% 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%
Free Cash Flow to Firm to Interest Expense		 15.81 15.68 13.43 11.31 11.23 -88.98 -77.62 -73.52 -78.27 15.50 16.21
Operating Cash Flow to Interest Expense		 11.29 9.94 11.12 11.62 11.92 5.20 4.37 4.66 6.12 7.00 8.52
Operating Cash Flow Less CapEx to Interest Expense		 10.99 9.69 10.81 11.32 11.66 5.07 4.25 4.50 5.98 6.89 8.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.45 0.47 0.49 0.50 0.49 0.31 0.35 0.39 0.43 0.32 0.34
Accounts Receivable Turnover		 13.20 11.92 11.46 12.61 11.72 9.48 9.99 12.35 13.63 10.99 10.31
Inventory Turnover		 6.90 6.65 6.37 6.11 5.82 6.71 7.99 9.05 10.42 10.06 10.03
Fixed Asset Turnover		 14.53 15.28 15.68 16.01 16.37 15.98 17.48 19.58 22.06 21.27 22.24
Accounts Payable Turnover		 10.66 11.36 11.91 13.20 10.08 10.59 13.11 12.30 13.28 11.32 14.13
Days Sales Outstanding (DSO)		 27.64 30.62 31.84 28.94 31.14 38.52 36.53 29.55 26.79 33.21 35.39
Days Inventory Outstanding (DIO)		 52.94 54.92 57.32 59.72 62.69 54.43 45.67 40.34 35.02 36.29 36.40
Days Payable Outstanding (DPO)		 34.24 32.14 30.64 27.66 36.21 34.48 27.83 29.68 27.49 32.24 25.83
Cash Conversion Cycle (CCC)		 46.34 53.39 58.52 61.01 57.62 58.47 54.37 40.20 34.31 37.26 45.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 49,808 49,945 49,765 49,365 49,028 134,321 134,168 125,658 125,896 127,061 127,396
Invested Capital Turnover		 0.65 0.67 0.69 0.71 0.72 0.42 0.46 0.54 0.59 0.42 0.44
Increase / (Decrease) in Invested Capital		 -2,721 -2,335 -1,686 -1,029 -780 84,376 84,403 76,293 76,868 -7,260 -6,772
Enterprise Value (EV)		 210,835 266,321 283,085 392,197 365,810 565,630 654,636 729,472 847,172 1,094,443 1,015,315
Market Capitalization		 183,736 239,686 255,327 364,911 340,770 501,593 590,429 669,465 788,954 1,037,171 957,505
Book Value per Share		 $56.07 $55.78 $52.78 $53.50 $58.12 $155.50 $150.97 $141.04 $14.49 $14.89 $14.80
Tangible Book Value per Share		 ($69.18) ($63.48) ($64.86) ($63.47) ($57.01) ($164.79) ($158.21) ($161.67) ($15.15) ($14.22) ($13.74)
Total Capital		 62,224 62,592 61,318 61,420 63,217 146,185 143,977 135,610 135,244 136,368 136,868
Total Debt		 39,515 39,282 39,311 39,341 39,229 75,901 74,016 69,959 67,566 66,579 67,282
Total Long-Term Debt		 39,075 38,167 38,194 38,222 37,621 73,468 71,590 66,798 66,295 60,926 61,751
Net Debt		 27,099 26,635 27,758 27,286 25,040 64,037 64,207 60,007 58,218 57,272 57,810
Capital Expenditures (CapEx)		 122 103 122 122 105 122 132 172 122 100 144
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -524 -179 -76 52 861 -2,608 -2,252 -6,065 -5,179 -3,574 -2,357
Debt-free Net Working Capital (DFNWC)		 11,892 12,468 11,477 12,107 15,050 9,256 7,557 3,887 4,169 5,733 7,115
Net Working Capital (NWC)		 11,452 11,353 10,360 10,988 13,442 6,823 5,131 726 2,898 80 1,584
Net Nonoperating Expense (NNE)		 340 258 274 261 243 652 1,016 -58 846 772 726
Net Nonoperating Obligations (NNO)		 27,099 26,635 27,758 27,286 25,040 64,037 64,207 60,007 58,218 57,272 57,810
Total Depreciation and Amortization (D&A)		 1,248 1,064 972 965 966 2,447 2,649 2,639 2,702 2,271 2,260
Debt-free, Cash-free Net Working Capital to Revenue		 -1.58% -0.52% -0.22% 0.15% 2.40% -6.71% -5.28% -12.96% -10.04% -6.55% -4.13%
Debt-free Net Working Capital to Revenue		 35.82% 36.23% 32.75% 34.15% 42.02% 23.82% 17.73% 8.30% 8.08% 10.51% 12.47%
Net Working Capital to Revenue		 34.49% 32.99% 29.56% 30.99% 37.53% 17.56% 12.04% 1.55% 5.62% 0.15% 2.78%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 $0.90 $0.84 $0.80 $0.09 $0.29 $0.46 ($0.40) $0.94 $1.17 $1.05
Adjusted Weighted Average Basic Shares Outstanding		 40.89B 4.18B 4.15B 4.13B 41.49B 4.52B 4.65B 4.66B 4.62B 4.70B 4.71B
Adjusted Diluted Earnings per Share		 $0.08 $0.88 $0.82 $0.77 $0.09 $0.28 $0.44 ($0.40) $0.94 $1.14 $1.03
Adjusted Weighted Average Diluted Shares Outstanding		 42.32B 4.29B 4.27B 4.27B 42.72B 4.67B 4.80B 4.66B 4.78B 4.84B 4.83B
Adjusted Basic & Diluted Earnings per Share		 $0.08 $0.00 $0.00 $0.00 $0.09 $0.00 $0.00 $0.00 $0.94 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 4.18B 4.17B 4.13B 4.13B 4.68B 4.63B 4.65B 4.67B 4.69B 4.70B 4.70B
Normalized Net Operating Profit after Tax (NOPAT)		 3,713 4,042 3,763 3,760 3,778 2,566 2,280 2,864 3,462 4,502 5,775
Normalized NOPAT Margin		 41.57% 45.34% 43.09% 42.36% 40.65% 21.45% 18.26% 21.91% 24.63% 30.19% 38.49%
Pre Tax Income Margin		 40.54% 43.07% 42.55% 40.27% 42.68% 11.22% 16.06% 21.47% 26.78% 36.81% 33.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.92 10.46 10.18 9.80 10.80 2.45 2.92 3.64 5.11 7.29 7.61
NOPAT to Interest Expense		 9.11 9.93 9.27 8.78 9.30 2.14 3.00 -1.82 5.64 7.19 7.40
EBIT Less CapEx to Interest Expense		 9.62 10.20 9.87 9.50 10.54 2.32 2.79 3.48 4.97 7.17 7.43
NOPAT Less CapEx to Interest Expense		 8.81 9.68 8.97 8.48 9.04 2.00 2.87 -1.98 5.51 7.07 7.21
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 61.17% 56.22% 53.76% 54.06% 54.29% 70.09% 84.52% 181.24% 166.48% 100.79% 81.25%
Augmented Payout Ratio		 122.07% 98.91% 93.89% 95.02% 95.65% 171.63% 172.19% 324.49% 288.21% 100.79% 100.22%

Key Financial Trends

Broadcom Inc. (NASDAQ:AVGO) Financial Analysis Overview (Q2 2025 and prior 4 years)

Broadcom has demonstrated robust financial performance with consistent growth in revenue and net income over the last several years. Below are the key highlights and notable trends from its recent quarterly statements covering income, cash flow, and balance sheet data:

  • Strong Revenue Growth: Q2 2025 revenue reached $15.0 billion, up from $12.5 - $15 billion range over 2022-2024, highlighting steady business expansion.
  • Solid Net Income: Q2 2025 net income was $4.97 billion, maintaining healthy profitability compared to prior quarters showing values mostly between $2.5 billion and $5.5 billion.
  • Gross Profit Improvement: Q2 2025 gross profit was about $10.2 billion, reflecting good cost control and scalable operations.
  • Operating Cash Flow Strength: Broadcom generated $6.55 billion in cash from operations in Q2 2025, showing strong free cash flow generation capability.
  • Substantial Equity Base: Total common equity stands robust above $69 billion as of Q2 2025, supporting financial stability and growth capacity.
  • Consistent Dividend Payments: Dividend per share held at $0.59 in recent quarters, indicating strong commitment to shareholder returns.
  • Increasing Amortization Expense: Amortization expense remains significant (over $2 billion in Q2 2025 cash flow), possibly due to past acquisitions and intangible asset bases, but consistent with business model.
  • High Debt Levels: Total liabilities around $95 billion in Q2 2025, with long-term debt over $61 billion, reflecting substantial leverage; warrants monitoring for interest and refinancing risk.
  • Share Repurchase Activity: The company repurchased $2.45 billion of common equity in Q2 2025 cash flows, which while returning value, represents significant cash outflow.
  • Interest Expense Rising: Interest expense remains elevated (~$769 million in latest quarter), which increases fixed costs and financial risk.

Trend Observations

  • Revenue and net income have grown steadily each year since 2021, more than doubling operating revenue from around $7.4 billion (Q4 2021) to above $15 billion most recently.
  • Cash flows from operations have strengthened, supporting dividend payments and share buybacks as part of capital return policies.
  • While revenue grew, operating expenses also increased (e.g. R&D and SG&A), requiring close watch on margin sustainability.
  • Leverage increased over years with rising long-term debt, which may pressure credit metrics given rising interest environment.

Conclusion

Broadcom shows strong operational performance and cash generation ability, driving substantial returns to shareholders through dividends and buybacks. The company’s scale and margin improvements highlight its competitive advantages. However, investors should monitor the impact of significant amortization charges, leverage levels, and interest expenses on future profitability and financial flexibility.

Overall, Broadcom remains a fundamentally solid semiconductor and infrastructure software company with positive growth trends over the past four years, balanced by some financial leverage risks.

08/09/25 02:42 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Broadcom's Financials

When does Broadcom's financial year end?

According to the most recent income statement we have on file, Broadcom's fiscal year ends in November. Their fiscal year 2024 ended on November 3, 2024.

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 $5.90 billion in 2024, rising from $526 million in 2014. The previous period was $14.08 billion in 2023. Find out what analysts predict for Broadcom in the coming months.

What is Broadcom's operating income?
Broadcom's total operating income in 2024 was $13.46 billion, based on the following breakdown:
  • Total Gross Profit: $32.51 billion
  • Total Operating Expenses: $19.05 billion
How has Broadcom's revenue changed over the last 10 years?

Over the last 10 years, Broadcom's total revenue changed from $8.54 billion in 2014 to $51.57 billion in 2024, a change of 504.1%.

How much debt does Broadcom have?

Broadcom's total liabilities were at $97.97 billion at the end of 2024, a 100.5% increase from 2023, and a 1,251.6% increase since 2014.

How much cash does Broadcom have?

In the past 10 years, Broadcom's cash and equivalents has ranged from $1.60 billion in 2014 to $14.19 billion in 2023, and is currently $9.35 billion as of their latest financial filing in 2024.

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 12.15 in 2014 to 14.49 in 2024, a change of 19.3%.


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This page (NASDAQ:AVGO) was last updated on 8/9/2025 by MarketBeat.com Staff
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