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Avnet (AVT) Financials

Avnet logo
$91.51 +1.22 (+1.35%)
Closing price 04:00 PM Eastern
Extended Trading
$91.53 +0.02 (+0.02%)
As of 04:10 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.
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Annual Income Statements for Avnet

Annual Income Statements for Avnet

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
Net Income / (Loss) Attributable to Common Shareholders		 507 525 -156 176 -31 193 692 771 499 240 334
Consolidated Net Income / (Loss)		 507 525 -156 176 -31 193 692 771 499 240 334
Net Income / (Loss) Continuing Operations		 391 263 -143 176 -31 193 692 771 499 240 334
Total Pre-Tax Income 		478 310 145 237 -130 173 833 983 632 251 467
Total Operating Income		 573 444 209 366 -4.63 281 939 1,187 844 514 725
Total Gross Profit		 2,078 2,369 2,527 2,486 2,063 2,241 2,965 3,182 2,766 2,385 2,882
Total Revenue		 16,741 17,440 19,037 19,519 17,634 19,535 24,311 26,537 23,757 22,201 27,633
Operating Revenue		 16,741 17,440 19,037 19,519 17,634 19,535 24,311 26,537 23,757 22,201 27,633
Total Cost of Revenue		 14,663 15,071 16,510 17,032 15,571 17,294 21,345 23,355 20,991 19,816 24,751
Operating Cost of Revenue		 14,663 15,071 16,510 17,032 15,571 17,294 21,345 23,355 20,991 19,816 24,751
Total Operating Expenses		 1,505 1,926 2,318 2,120 2,068 1,959 2,026 1,995 1,922 1,871 2,157
Selling, General & Admin Expense		 1,460 1,788 1,991 1,875 1,842 1,875 1,995 1,967 1,870 1,762 2,022
Restructuring Charge		 45 137 145 108 82 84 5.27 28 53 108 135
Total Other Income / (Expense), net		 -95 -133 -64 -129 -125 -108 -106 -204 -212 -264 -257
Interest Expense		 92 100 93 135 123 89 100 251 283 246 251
Other Income / (Expense), net		 -2.96 -34 29 5.56 -2.22 -19 -5.30 47 71 -17 -6.63
Income Tax Expense		 87 47 288 60 -99 -20 141 212 134 10 133
Basic Earnings per Share		 $3.87 $4.13 ($1.30) $1.61 ($0.31) $1.95 $7.02 $8.37 $5.51 $2.78 $4.07
Weighted Average Basic Shares Outstanding		 130.86M 127.03M 119.91M 109.82M 100.47M 99.26M 98.66M 92.04M 90.57M 86.27M 82.16M
Diluted Earnings per Share		 $3.80 $4.08 ($1.30) $1.59 ($0.31) $1.93 $6.94 $8.26 $5.43 $2.75 $4.01
Weighted Average Diluted Shares Outstanding		 133.17M 128.65M 119.91M 110.80M 100.47M 100.17M 99.82M 93.37M 91.84M 87.41M 83.42M
Weighted Average Basic & Diluted Shares Outstanding		 130.90M 127.20M 120.30M 109.50M 98.78M 99.50M 94.67M 91.49M 88.11M 83.46M 82.07M
Cash Dividends to Common per Share		 $0.68 $0.70 $0.74 $0.80 $0.84 $0.85 $1.00 $1.16 $1.24 $1.32 $1.40

Quarterly Income Statements for Avnet

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
Net Income / (Loss) Attributable to Common Shareholders		 118 89 83 59 87 88 6.09 52 62 94 127
Consolidated Net Income / (Loss)		 118 89 83 59 87 88 6.09 52 62 94 127
Net Income / (Loss) Continuing Operations		 118 89 83 59 87 88 6.09 52 62 94 127
Total Pre-Tax Income 		154 102 101 75 90 78 7.40 77 90 141 160
Total Operating Income		 236 190 164 142 155 143 73 142 146 206 231
Total Gross Profit		 706 669 643 607 596 588 594 615 663 739 865
Total Revenue		 6,205 5,654 5,563 5,604 5,663 5,315 5,618 5,899 6,319 7,120 8,295
Operating Revenue		 6,205 5,654 5,563 5,604 5,663 5,315 5,618 5,899 6,319 7,120 8,295
Total Cost of Revenue		 5,499 4,984 4,920 4,997 5,067 4,728 5,024 5,284 5,656 6,381 7,430
Operating Cost of Revenue		 5,499 4,984 4,920 4,997 5,067 4,728 5,024 5,284 5,656 6,381 7,430
Total Operating Expenses		 470 479 479 465 441 445 520 473 517 534 634
Selling, General & Admin Expense		 465 467 450 439 437 435 451 464 492 519 548
Restructuring Charge		 5.24 12 28 26 3.79 9.11 69 8.29 25 15 87
Total Other Income / (Expense), net		 -83 -88 -63 -67 -65 -65 -66 -65 -56 -65 -71
Interest Expense		 74 73 64 64 62 61 58 60 61 63 66
Other Income / (Expense), net		 -8.40 -15 1.41 -3.04 -2.65 -3.99 -7.60 -5.47 5.07 -1.83 -4.41
Income Tax Expense		 36 13 19 16 3.03 -9.78 1.32 25 28 46 34
Basic Earnings per Share		 $1.31 $0.98 $0.93 $0.67 $1.00 $1.02 $0.09 $0.62 $0.76 $1.15 $1.54
Weighted Average Basic Shares Outstanding		 90.25M 90.43M 90.57M 88.09M 86.85M 86.01M 86.27M 83.00M 81.45M 82.01M 82.16M
Diluted Earnings per Share		 $1.28 $0.97 $0.93 $0.66 $0.99 $1.01 $0.09 $0.61 $0.75 $1.14 $1.51
Weighted Average Diluted Shares Outstanding		 91.79M 91.26M 91.84M 89.39M 88.33M 86.88M 87.41M 84.46M 82.79M 82.93M 83.42M
Weighted Average Basic & Diluted Shares Outstanding		 90.36M 90.38M 88.11M 86.94M 86.50M 83.86M 83.46M 81.33M 81.86M 82.02M 82.07M
Cash Dividends to Common per Share		 $0.31 $0.31 $0.31 $0.33 $0.33 $0.33 $0.33 $0.35 $0.35 $0.35 $0.35

Annual Cash Flow Statements for Avnet

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
Net Change in Cash & Equivalents		 99 -195 -215 -75 -69 -277 -46 135 23 -119 -37
Net Cash From Operating Activities		 224 -369 253 535 730 91 -219 -714 690 725 -281
Net Cash From Continuing Operating Activities		 -49 221 253 535 730 91 -219 -714 690 725 -281
Net Income / (Loss) Continuing Operations		 391 263 -143 176 -31 193 692 771 499 240 334
Consolidated Net Income / (Loss)		 507 525 -156 176 -31 193 692 771 499 240 334
Depreciation Expense		 70 101 143 97 101 91 102 89 87 72 77
Amortization Expense		 9.25 54 91 84 142 98 53 54 54 54 58
Non-Cash Adjustments To Reconcile Net Income		 86 77 255 205 218 67 71 91 49 62 46
Changes in Operating Assets and Liabilities, net		 -606 -274 -93 -27 301 -358 -1,138 -1,718 1.49 297 -796
Net Cash From Investing Activities		 -153 1,338 72 -25 -135 -61 51 -212 -225 -137 -71
Net Cash From Continuing Investing Activities		 -122 -904 -164 -25 -135 -61 51 -212 -225 -137 -71
Purchase of Property, Plant & Equipment		 -137 -120 -156 -123 -74 -50 -49 -195 -226 -147 -74
Other Investing Activities, net		 16 19 6.65 30 -9.99 7.55 100 -17 0.99 10 2.10
Net Cash From Financing Activities		 33 -1,188 -542 -583 -645 -314 156 1,055 -434 -694 316
Net Cash From Continuing Financing Activities		 10 -1,192 -542 -583 -645 -314 156 1,055 -434 -694 316
Repayment of Debt		 -261 -1,682 -139 -62 -321 -547 -371 722 -46 -359 -392
Repurchase of Common Equity		 -381 -276 -324 -569 -238 0.00 -184 -222 -163 -303 -138
Payment of Dividends		 -89 -89 -88 -87 -84 -84 -98 -106 -112 -113 -114
Issuance of Debt		 741 855 8.85 135 -2.12 318 810 660 -113 82 961
Effect of Exchange Rate Changes		 -6.23 23 1.42 -1.90 -20 6.91 - 5.04 -7.99 -12 -0.53

Quarterly Cash Flow Statements for Avnet

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
Net Change in Cash & Equivalents		 -5.83 -54 92 -43 -95 17 3.52 -17 111 -84 -47
Net Cash From Operating Activities		 -42 499 274 106 338 141 139 -145 208 -54 -291
Net Cash From Continuing Operating Activities		 -42 499 274 106 338 141 139 -145 208 -54 -291
Net Income / (Loss) Continuing Operations		 118 89 83 59 87 88 6.09 52 62 94 127
Consolidated Net Income / (Loss)		 118 89 83 59 87 88 6.09 52 62 94 127
Depreciation Expense		 21 21 23 20 17 16 18 17 19 19 23
Amortization Expense		 13 14 14 14 13 13 14 14 15 15 15
Non-Cash Adjustments To Reconcile Net Income		 58 -12 14 30 12 15 5.18 -3.72 16 9.83 24
Changes in Operating Assets and Liabilities, net		 -252 387 141 -17 209 8.73 96 -223 97 -191 -478
Net Cash From Investing Activities		 -82 -42 -26 -31 -29 -17 -60 -25 -15 -16 -16
Net Cash From Continuing Investing Activities		 -82 -42 -26 -31 -29 -17 -60 -25 -15 -16 -16
Purchase of Property, Plant & Equipment		 -82 -42 -26 -32 -29 -27 -60 -25 -15 -17 -17
Other Investing Activities, net		 0.07 0.26 0.37 0.33 0.02 10 -0.01 0.08 0.34 0.59 1.10
Net Cash From Financing Activities		 122 -507 -149 -109 -403 -101 -80 155 -84 -13 258
Net Cash From Continuing Financing Activities		 122 -507 -149 -109 -403 -101 -80 155 -84 -13 258
Repayment of Debt		 31 -60 11 -7.59 -309 -106 64 -290 -131 9.04 20
Payment of Dividends		 -28 -28 -28 -29 -29 -28 -28 -28 -28 -29 -29
Issuance of Debt		 181 -419 -56 27 -14 134 -66 612 76 6.78 267
Effect of Exchange Rate Changes		 -4.07 -4.73 -6.57 -8.93 - -6.42 3.48 -3.01 1.88 -1.09 1.70

Annual Balance Sheets for Avnet

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
Total Assets		 11,240 9,700 9,597 8,565 8,105 8,925 10,389 12,477 12,209 12,119 15,425
Total Current Assets		 9,004 7,534 7,611 6,876 6,329 7,163 8,877 10,751 10,371 10,019 13,334
Cash & Equivalents		 1,031 836 621 546 477 200 154 288 311 192 155
Accounts Receivable		 2,770 3,338 3,641 3,168 2,928 3,576 4,301 4,764 4,391 4,327 6,883
Inventories, net		 2,560 2,825 3,142 3,008 2,732 3,237 4,244 5,465 5,469 5,235 6,069
Prepaid Expenses		 74 254 207 153 191 151 178 234 200 263 226
Plant, Property, & Equipment, net		 453 520 523 452 405 368 315 442 568 667 645
Total Noncurrent Assets		 1,783 1,646 1,463 1,236 1,372 1,394 1,197 1,285 1,270 1,433 1,447
Goodwill		 622 1,148 981 877 774 838 759 781 781 837 810
Other Noncurrent Operating Assets		 239 221 263 216 533 527 438 504 489 596 637
Total Liabilities & Shareholders' Equity		 11,240 9,700 9,597 8,565 8,105 8,925 10,389 12,477 12,209 12,119 15,425
Total Liabilities		 6,549 4,518 4,912 4,424 4,379 4,841 6,196 7,725 7,284 7,107 10,403
Total Current Liabilities		 4,942 2,454 2,969 2,579 2,280 3,055 4,252 4,249 4,465 4,128 7,503
Short-Term Debt		 1,153 50 165 301 0.05 23 174 71 493 87 734
Accounts Payable		 1,591 1,862 2,269 1,864 1,754 2,401 3,432 3,374 3,346 3,487 6,054
Accrued Expenses		 395 542 535 414 473 572 591 753 573 497 659
Other Current Liabilities		 - - - 0.00 53 58 55 52 54 56 56
Total Noncurrent Liabilities		 1,606 2,064 1,942 1,846 2,098 1,786 1,944 3,476 2,818 2,979 2,899
Long-Term Debt		 1,339 1,729 1,489 1,420 1,425 1,191 1,437 2,988 2,407 2,575 2,479
Other Noncurrent Operating Liabilities		 223 335 453 426 674 595 507 488 412 404 421
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		 4,691 5,182 4,685 4,140 3,726 4,084 4,193 4,752 4,926 5,011 5,023
Total Preferred & Common Equity		 4,691 5,182 4,685 4,140 3,726 4,084 4,193 4,752 4,926 5,011 5,023
Total Common Equity		 4,691 5,182 4,685 4,140 3,726 4,084 4,193 4,752 4,926 5,011 5,023
Common Stock		 1,580 1,627 1,645 1,677 1,693 1,722 1,753 1,783 1,810 1,839 1,885
Retained Earnings		 3,632 3,799 3,236 2,767 2,422 2,516 2,921 3,378 3,602 3,430 3,513
Accumulated Other Comprehensive Income / (Loss)		 -521 -244 -195 -304 -388 -154 -481 -409 -487 -258 -375

Quarterly Balance Sheets for Avnet

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

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 4/1/2023 9/30/2023 12/30/2023 3/30/2024 9/28/2024 12/28/2024 3/29/2025 9/27/2025 12/27/2025 3/28/2026
Total Assets		 11,930 12,109 12,646 12,997 12,325 12,598 11,943 11,712 12,414 13,153 13,489
Total Current Assets		 10,304 10,444 10,911 11,139 10,486 10,679 10,072 9,795 10,327 11,024 11,385
Cash & Equivalents		 325 186 279 273 218 268 172 189 175 287 202
Accounts Receivable		 4,789 4,671 4,680 4,509 4,315 4,576 4,421 4,095 4,503 5,243 5,502
Inventories, net		 4,973 5,354 5,755 6,116 5,752 5,614 5,252 5,270 5,421 5,295 5,462
Prepaid Expenses		 216 233 198 241 200 222 226 241 227 200 218
Plant, Property, & Equipment, net		 378 400 471 564 562 584 564 579 666 663 651
Total Noncurrent Assets		 1,248 1,265 1,264 1,294 1,278 1,334 1,306 1,338 1,421 1,466 1,453
Goodwill		 755 771 760 787 781 819 774 795 818 826 817
Other Noncurrent Operating Assets		 493 495 505 507 497 515 533 543 603 640 636
Total Liabilities & Shareholders' Equity		 11,930 12,109 12,646 12,997 12,325 12,598 11,943 11,712 12,414 13,153 13,489
Total Liabilities		 7,500 7,474 7,824 7,987 7,336 7,560 7,099 6,827 7,566 8,215 8,536
Total Current Liabilities		 4,058 3,970 4,290 4,766 4,493 4,748 4,206 4,014 4,374 5,334 5,663
Short-Term Debt		 209 76 69 696 549 524 2.60 145 189 464 470
Accounts Payable		 3,107 3,137 3,446 3,308 3,324 3,588 3,626 3,319 3,689 4,343 4,626
Accrued Expenses		 689 705 722 706 565 580 524 495 441 474 517
Other Current Liabilities		 53 52 54 55 55 56 53 56 55 53 51
Total Noncurrent Liabilities		 3,443 3,504 3,534 3,221 2,843 2,812 2,893 2,813 3,192 2,881 2,873
Long-Term Debt		 2,980 3,033 3,102 2,754 2,406 2,431 2,567 2,494 2,796 2,474 2,473
Other Noncurrent Operating Liabilities		 463 471 432 468 437 381 326 319 396 407 400
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		 4,430 4,636 4,823 5,010 4,989 5,038 4,844 4,885 4,848 4,938 4,953
Total Preferred & Common Equity		 4,430 4,636 4,823 5,010 4,989 5,038 4,844 4,885 4,848 4,938 4,953
Total Common Equity		 4,430 4,636 4,823 5,010 4,989 5,038 4,844 4,885 4,848 4,938 4,953
Common Stock		 1,770 1,770 1,793 1,804 1,800 1,823 1,833 1,832 1,847 1,864 1,870
Retained Earnings		 3,089 3,250 3,533 3,564 3,625 3,534 3,542 3,501 3,316 3,350 3,415
Accumulated Other Comprehensive Income / (Loss)		 -429 -384 -503 -357 -436 -319 -531 -448 -316 -275 -332

Annual Metrics And Ratios for Avnet

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 7/2/2016 7/1/2017 6/30/2018 6/29/2019 6/27/2020 7/3/2021 7/2/2022 7/1/2023 6/29/2024 6/28/2025 6/27/2026
DEI Shares Outstanding		 - - - - - - - - - - 82,024,081.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 82,024,081.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 4.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.18% 4.18% 9.16% 2.53% -9.65% 10.78% 24.45% 9.16% -10.48% -6.55% 24.47%
EBITDA Growth		 -12.32% -12.96% -16.39% 16.84% -57.26% 91.10% 141.39% 26.43% -23.32% -41.06% 37.09%
EBIT Growth		 -13.46% -28.07% -41.99% 56.20% -101.84% 3,934.60% 255.83% 32.13% -25.83% -45.69% 44.51%
NOPAT Growth		 -15.54% -19.65% -154.74% 232.35% -101.19% 9,800.43% 148.26% 19.30% -28.45% -25.97% 5.17%
Net Income Growth		 -11.43% 3.70% -129.78% 212.73% -117.63% 721.32% 258.53% 11.33% -35.30% -51.83% 39.20%
EPS Growth		 -7.77% 7.37% -131.86% 222.31% -119.50% 722.58% 259.59% 19.02% -34.26% -49.36% 45.82%
Operating Cash Flow Growth		 -61.58% -264.36% 168.75% 110.97% 36.54% -87.54% -341.14% -225.43% 196.68% 5.00% -138.77%
Free Cash Flow Firm Growth		 93.86% -156.13% 91.35% 935.79% -5.77% -117.33% 306.62% -512.13% 171.69% -22.01% -115.28%
Invested Capital Growth		 -20.91% 28.95% -2.14% -7.06% -12.05% 9.09% 10.83% 33.11% -0.11% -0.44% 8.00%
Revenue Q/Q Growth		 78.65% 4.24% 2.44% -1.90% -2.87% 5.78% 4.95% 0.69% -4.01% 0.25% 10.73%
EBITDA Q/Q Growth		 25.13% -1.10% 8.93% -22.22% 31.67% 25.13% 16.87% -0.88% -8.79% -14.32% 24.18%
EBIT Q/Q Growth		 17.81% -9.05% 23.49% -29.02% 86.34% 67.46% 21.22% -1.05% -9.84% -16.72% 28.84%
NOPAT Q/Q Growth		 4.26% 2.02% -5.24% -23.00% 87.35% -22.64% 28.72% -5.41% -12.75% -11.39% 34.48%
Net Income Q/Q Growth		 -10.89% -2.84% -17.09% -33.90% 72.99% 20.76% 30.41% -10.62% -12.71% -24.17% 56.33%
EPS Q/Q Growth		 -9.74% -1.92% -12.07% -33.19% 72.32% 19.88% 30.94% -9.13% -11.99% -23.40% 54.83%
Operating Cash Flow Q/Q Growth		 -62.39% -43.21% 252.53% 22.72% -6.05% -81.25% -74.06% 37.84% 6.11% -15.69% -288.17%
Free Cash Flow Firm Q/Q Growth		 816.30% -199.07% 89.50% -1.01% -21.97% -123.80% 1,562.54% 19.71% 13.00% -44.47% -400.61%
Invested Capital Q/Q Growth		 -24.98% 6.92% -5.33% -6.94% -4.00% 5.98% 4.58% -0.49% -2.74% 1.99% 5.02%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 12.41% 13.59% 13.28% 12.74% 11.70% 11.47% 12.20% 11.99% 11.64% 10.74% 10.43%
EBITDA Margin		 3.88% 3.24% 2.48% 2.83% 1.34% 2.31% 4.48% 5.19% 4.44% 2.80% 3.09%
Operating Margin		 3.42% 2.54% 1.10% 1.87% -0.03% 1.44% 3.86% 4.47% 3.55% 2.32% 2.62%
EBIT Margin		 3.40% 2.35% 1.25% 1.90% -0.04% 1.34% 3.84% 4.65% 3.85% 2.24% 2.60%
Profit (Net Income) Margin		 3.03% 3.01% -0.82% 0.90% -0.18% 0.99% 2.85% 2.90% 2.10% 1.08% 1.21%
Tax Burden Percent		 105.97% 169.22% -107.82% 74.53% 23.99% 111.67% 83.09% 78.43% 78.88% 95.87% 71.54%
Interest Burden Percent		 83.87% 75.71% 61.00% 63.69% 1,893.69% 65.90% 89.25% 79.67% 69.09% 50.42% 65.09%
Effective Tax Rate		 18.22% 15.16% 198.49% 25.47% 0.00% -11.67% 16.91% 21.57% 21.12% 4.13% 28.46%
Return on Invested Capital (ROIC)		 9.13% 7.26% -3.56% 4.94% -0.06% 6.43% 14.52% 14.13% 8.86% 6.58% 6.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 17.72% 66.56% 2.29% -3.79% -2.69% -5.91% 7.41% 6.57% 2.61% -3.42% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 1.67% 3.38% 0.39% -0.95% -0.73% -1.49% 2.22% 3.10% 1.45% -1.74% 0.00%
Return on Equity (ROE)		 10.80% 10.64% -3.17% 4.00% -0.79% 4.94% 16.73% 17.24% 10.31% 4.83% 6.67%
Cash Return on Invested Capital (CROIC)		 32.49% -18.03% -1.40% 12.26% 12.76% -2.26% 4.25% -14.28% 8.97% 7.01% -1.03%
Operating Return on Assets (OROA)		 5.17% 3.92% 2.47% 4.09% -0.08% 3.08% 9.67% 10.79% 7.41% 4.09% 5.21%
Return on Assets (ROA)		 4.60% 5.02% -1.62% 1.94% -0.37% 2.27% 7.17% 6.74% 4.04% 1.97% 2.43%
Return on Common Equity (ROCE)		 10.80% 10.64% -3.17% 4.00% -0.79% 4.94% 16.73% 17.24% 10.31% 4.83% 6.67%
Return on Equity Simple (ROE_SIMPLE)		 10.80% 10.14% -3.34% 4.26% -0.83% 4.73% 16.51% 16.22% 10.12% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 469 376 -206 273 -3.24 314 780 931 666 493 518
NOPAT Margin		 2.80% 2.16% -1.08% 1.40% -0.02% 1.61% 3.21% 3.51% 2.80% 2.22% 1.88%
Net Nonoperating Expense Percent (NNEP)		 -8.59% -59.30% -5.86% 8.73% 2.62% 12.35% 7.10% 7.56% 6.24% 10.00% 6.66%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 6.42% 6.30%
Cost of Revenue to Revenue		 87.59% 86.41% 86.72% 87.26% 88.30% 88.53% 87.80% 88.01% 88.36% 89.26% 89.57%
SG&A Expenses to Revenue		 8.72% 10.25% 10.46% 9.60% 10.45% 9.60% 8.21% 7.41% 7.87% 7.94% 7.32%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 8.99% 11.04% 12.18% 10.86% 11.73% 10.03% 8.34% 7.52% 8.09% 8.43% 7.81%
Earnings before Interest and Taxes (EBIT)		 570 410 238 371 -6.84 262 934 1,234 915 497 718
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 650 565 473 552 236 451 1,089 1,377 1,056 622 853
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.92 0.80 0.94 1.03 0.62 0.90 0.94 0.95 0.94 0.88 1.41
Price to Tangible Book Value (P/TBV)		 1.07 1.10 1.26 1.36 0.81 1.15 1.14 1.13 1.12 1.06 1.68
Price to Revenue (P/Rev)		 0.26 0.24 0.23 0.22 0.13 0.19 0.16 0.17 0.20 0.20 0.26
Price to Earnings (P/E)		 8.55 7.87 0.00 24.08 0.00 19.12 5.66 5.83 9.33 18.38 21.19
Dividend Yield		 2.02% 2.12% 1.99% 2.00% 3.57% 2.29% 2.49% 2.36% 2.41% 2.51% 1.62%
Earnings Yield		 11.70% 12.70% 0.00% 4.15% 0.00% 5.23% 17.66% 17.15% 10.72% 5.44% 4.72%
Enterprise Value to Invested Capital (EV/IC)		 1.28 0.82 0.95 1.02 0.70 0.92 0.95 0.97 0.96 0.92 1.26
Enterprise Value to Revenue (EV/Rev)		 0.35 0.28 0.28 0.28 0.19 0.24 0.22 0.27 0.30 0.31 0.37
Enterprise Value to EBITDA (EV/EBITDA)		 8.92 8.48 11.46 9.82 13.87 10.43 4.94 5.28 6.86 11.07 11.89
Enterprise Value to EBIT (EV/EBIT)		 10.16 11.70 22.78 14.59 0.00 17.94 5.76 5.89 7.91 13.86 14.12
Enterprise Value to NOPAT (EV/NOPAT)		 12.36 12.74 0.00 19.88 0.00 14.98 6.89 7.81 10.87 13.97 19.56
Enterprise Value to Operating Cash Flow (EV/OCF)		 25.82 0.00 21.38 10.14 4.48 51.75 0.00 0.00 10.50 9.50 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.47 0.00 0.00 8.01 5.13 0.00 23.57 0.00 10.74 13.09 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.53 0.34 0.35 0.42 0.38 0.30 0.38 0.64 0.59 0.53 0.64
Long-Term Debt to Equity		 0.29 0.33 0.32 0.34 0.38 0.29 0.34 0.63 0.49 0.51 0.49
Financial Leverage		 0.09 0.05 0.17 0.25 0.27 0.25 0.30 0.47 0.55 0.51 0.55
Leverage Ratio		 2.35 2.12 1.96 2.06 2.12 2.18 2.33 2.56 2.55 2.45 2.75
Compound Leverage Factor		 1.97 1.61 1.19 1.31 40.13 1.44 2.08 2.04 1.76 1.23 1.79
Debt to Total Capital		 34.69% 25.56% 26.10% 29.35% 27.66% 22.92% 27.77% 39.16% 37.05% 34.69% 39.01%
Short-Term Debt to Total Capital		 16.05% 0.72% 2.61% 5.13% 0.00% 0.44% 3.00% 0.90% 6.30% 1.14% 8.91%
Long-Term Debt to Total Capital		 18.64% 24.84% 23.49% 24.23% 27.66% 22.48% 24.76% 38.26% 30.76% 33.55% 30.10%
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		 65.31% 74.44% 73.90% 70.65% 72.34% 77.08% 72.23% 60.84% 62.95% 65.31% 60.99%
Debt to EBITDA		 3.84 3.15 3.50 3.12 6.04 2.69 1.48 2.22 2.75 4.28 3.77
Net Debt to EBITDA		 2.25 1.17 2.19 2.13 4.02 2.25 1.34 2.01 2.45 3.97 3.58
Long-Term Debt to EBITDA		 2.06 3.06 3.15 2.57 6.04 2.64 1.32 2.17 2.28 4.14 2.91
Debt to NOPAT		 5.32 4.73 -8.03 6.31 -439.82 3.86 2.07 3.29 4.35 5.40 6.20
Net Debt to NOPAT		 3.12 1.76 -5.02 4.31 -292.57 3.23 1.87 2.98 3.89 5.01 5.90
Long-Term Debt to NOPAT		 2.86 4.59 -7.23 5.21 -439.80 3.79 1.84 3.21 3.61 5.22 4.78
Altman Z-Score		 2.94 3.66 3.65 4.05 3.51 3.69 3.94 3.81 3.57 3.32 3.13
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		 1.82 3.07 2.56 2.67 2.78 2.34 2.09 2.53 2.32 2.43 1.78
Quick Ratio		 0.77 1.82 1.44 1.44 1.49 1.24 1.05 1.19 1.05 1.09 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,667 -936 -81 676 637 -110 228 -940 674 526 -80
Operating Cash Flow to CapEx		 163.29% -306.23% 162.62% 435.87% 993.23% 180.59% -448.49% -366.61% 304.66% 491.28% -381.84%
Free Cash Flow to Firm to Interest Expense		 18.13 -9.40 -0.87 5.02 5.19 -1.23 2.27 -3.75 2.38 2.13 -0.32
Operating Cash Flow to Interest Expense		 2.44 -3.70 2.73 3.97 5.95 1.02 -2.18 -2.84 2.44 2.94 -1.12
Operating Cash Flow Less CapEx to Interest Expense		 0.95 -4.91 1.05 3.06 5.35 0.45 -2.67 -3.62 1.64 2.34 -1.41
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.52 1.67 1.97 2.15 2.12 2.29 2.52 2.32 1.92 1.83 2.01
Accounts Receivable Turnover		 4.28 5.71 5.46 5.73 5.78 6.01 6.17 5.85 5.19 5.09 4.93
Inventory Turnover		 5.82 5.60 5.53 5.54 5.43 5.79 5.71 4.81 3.84 3.70 4.38
Fixed Asset Turnover		 32.76 35.86 36.52 40.03 41.16 50.54 71.12 70.13 47.06 35.94 42.13
Accounts Payable Turnover		 5.95 8.73 7.99 8.24 8.61 8.32 7.32 6.86 6.25 5.80 5.19
Days Sales Outstanding (DSO)		 85.30 63.91 66.90 63.67 63.10 60.77 59.13 62.34 70.33 71.67 74.04
Days Inventory Outstanding (DIO)		 62.76 65.21 65.95 65.90 67.28 62.99 63.96 75.87 95.06 98.58 83.36
Days Payable Outstanding (DPO)		 61.35 41.81 45.67 44.29 42.41 43.85 49.87 53.18 58.42 62.93 70.36
Cash Conversion Cycle (CCC)		 86.71 87.31 87.19 85.27 87.97 79.90 73.22 85.03 106.97 107.32 87.04
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,532 5,844 5,719 5,315 4,674 5,099 5,651 7,522 7,514 7,481 8,080
Invested Capital Turnover		 3.26 3.36 3.29 3.54 3.53 4.00 4.52 4.03 3.16 2.96 3.55
Increase / (Decrease) in Invested Capital		 -1,198 1,312 -125 -404 -641 425 552 1,871 -8.20 -33 599
Enterprise Value (EV)		 5,791 4,796 5,418 5,421 3,273 4,707 5,379 7,266 7,242 6,886 10,142
Market Capitalization		 4,330 4,135 4,385 4,247 2,325 3,692 3,921 4,496 4,654 4,416 7,084
Book Value per Share		 $36.50 $41.46 $39.71 $38.95 $37.74 $41.05 $42.92 $51.99 $54.50 $59.76 $61.23
Tangible Book Value per Share		 $31.49 $30.05 $29.53 $29.35 $29.24 $32.34 $35.15 $43.45 $45.86 $49.78 $51.35
Total Capital		 7,183 6,961 6,340 5,861 5,151 5,299 5,805 7,810 7,825 7,674 8,235
Total Debt		 2,492 1,779 1,655 1,720 1,425 1,214 1,612 3,059 2,899 2,662 3,213
Total Long-Term Debt		 1,339 1,729 1,489 1,420 1,425 1,191 1,437 2,988 2,407 2,575 2,479
Net Debt		 1,460 662 1,033 1,174 948 1,015 1,458 2,770 2,588 2,470 3,057
Capital Expenditures (CapEx)		 137 120 156 123 74 50 49 195 226 147 74
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4,183 4,012 4,185 4,052 3,571 3,932 4,646 6,284 6,087 5,785 6,409
Debt-free Net Working Capital (DFNWC)		 5,214 5,130 4,807 4,598 4,048 4,131 4,799 6,572 6,398 5,978 6,564
Net Working Capital (NWC)		 4,061 5,080 4,641 4,298 4,048 4,108 4,625 6,501 5,905 5,891 5,830
Net Nonoperating Expense (NNE)		 -38 -149 -50 96 28 121 88 160 167 253 184
Net Nonoperating Obligations (NNO)		 -160 662 1,033 1,174 948 1,015 1,458 2,770 2,588 2,470 3,057
Total Depreciation and Amortization (D&A)		 80 155 235 181 243 189 155 143 141 125 135
Debt-free, Cash-free Net Working Capital to Revenue		 24.98% 23.01% 21.99% 20.76% 20.25% 20.13% 19.11% 23.68% 25.62% 26.06% 23.19%
Debt-free Net Working Capital to Revenue		 31.15% 29.42% 25.25% 23.56% 22.96% 21.15% 19.74% 24.77% 26.93% 26.93% 23.76%
Net Working Capital to Revenue		 24.26% 29.13% 24.38% 22.02% 22.96% 21.03% 19.02% 24.50% 24.86% 26.53% 21.10%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.87 $4.13 ($1.30) $1.61 ($0.31) $1.95 $7.02 $8.37 $5.51 $2.78 $4.07
Adjusted Weighted Average Basic Shares Outstanding		 130.86M 127.03M 119.91M 109.82M 100.47M 99.26M 98.66M 92.04M 90.57M 86.27M 82.16M
Adjusted Diluted Earnings per Share		 $3.80 $4.08 ($1.30) $1.59 ($0.31) $1.93 $6.94 $8.26 $5.43 $2.75 $4.01
Adjusted Weighted Average Diluted Shares Outstanding		 133.17M 128.65M 119.91M 110.80M 100.47M 100.17M 99.82M 93.37M 91.84M 87.41M 83.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 127.37M 123.06M 115.76M 103.62M 98.78M 99.50M 94.67M 91.49M 88.11M 83.46M 82.07M
Normalized Net Operating Profit after Tax (NOPAT)		 505 493 375 456 155 256 785 953 707 597 615
Normalized NOPAT Margin		 3.02% 2.83% 1.97% 2.33% 0.88% 1.31% 3.23% 3.59% 2.98% 2.69% 2.23%
Pre Tax Income Margin		 2.86% 1.78% 0.76% 1.21% -0.73% 0.89% 3.43% 3.70% 2.66% 1.13% 1.69%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.20 4.12 2.56 2.75 -0.06 2.93 9.30 4.92 3.24 2.02 2.86
NOPAT to Interest Expense		 5.10 3.78 -2.22 2.02 -0.03 3.51 7.77 3.71 2.35 2.00 2.07
EBIT Less CapEx to Interest Expense		 4.71 2.91 0.88 1.84 -0.65 2.37 8.82 4.14 2.43 1.42 2.57
NOPAT Less CapEx to Interest Expense		 3.60 2.57 -3.90 1.11 -0.63 2.95 7.29 2.93 1.55 1.40 1.77
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 17.49% 16.88% -56.42% 49.43% -270.18% 43.66% 14.22% 13.79% 22.45% 47.17% 34.20%
Augmented Payout Ratio		 92.70% 69.40% -263.24% 371.94% -1,035.41% 43.66% 40.86% 42.56% 55.08% 173.51% 75.56%

Quarterly Metrics And Ratios for Avnet

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 12/27/2025 3/28/2026 6/27/2026
DEI Shares Outstanding		 - - - - - - - - - 81,862,967.00 82,024,081.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 81,862,967.00 82,024,081.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.15 1.54
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -7.63% -13.22% -15.13% -11.55% -8.73% -5.98% 0.99% 5.25% 11.58% 33.95% 47.66%
EBITDA Growth		 -33.96% -39.79% -33.51% -54.60% -30.10% -20.19% -51.54% -3.27% 0.83% 40.88% 169.85%
EBIT Growth		 -37.08% -44.35% -37.62% -59.80% -32.99% -20.62% -60.24% -1.88% -0.93% 46.28% 244.15%
NOPAT Growth		 -24.57% -31.34% -42.09% -41.81% -17.27% -2.73% -54.91% -14.71% -33.13% -14.42% 202.26%
Net Income Growth		 -51.65% -52.60% -46.75% -71.83% -26.01% -1.03% -92.63% -12.23% -29.25% 7.29% 1,978.81%
EPS Growth		 -51.33% -52.22% -44.31% -70.67% -22.66% 4.12% -90.32% -7.58% -24.24% 12.87% 1,577.78%
Operating Cash Flow Growth		 86.84% 2,634.42% 16.93% 357.48% 899.00% -71.79% -49.14% -235.98% -38.36% -138.22% -308.45%
Free Cash Flow Firm Growth		 53.28% 99.95% 108.67% 108.16% 253.93% 54,732.91% -34.42% 60.23% -122.54% -140.03% -546.49%
Invested Capital Growth		 12.25% 2.21% -0.11% 0.14% -11.55% -5.06% -0.44% -0.87% 4.80% 4.89% 8.00%
Revenue Q/Q Growth		 -2.06% -8.89% -1.60% 0.74% 1.06% -6.14% 5.69% 5.00% 7.13% 12.67% 16.51%
EBITDA Q/Q Growth		 -31.24% -19.53% -4.30% -14.26% 5.86% -8.11% -41.90% 71.15% 10.35% 28.38% 11.29%
EBIT Q/Q Growth		 -34.19% -23.00% -5.61% -15.95% 9.70% -8.79% -52.72% 107.40% 10.76% 34.67% 11.24%
NOPAT Q/Q Growth		 -5.89% -8.68% -19.15% -16.25% 33.80% 7.37% -62.52% 58.41% 4.91% 37.40% 32.38%
Net Income Q/Q Growth		 -43.65% -24.67% -6.94% -28.68% 48.00% 0.76% -93.07% 749.81% 19.30% 52.81% 34.18%
EPS Q/Q Growth		 -43.11% -24.22% -4.12% -29.03% 50.00% 2.02% -91.09% 577.78% 22.95% 52.00% 32.46%
Operating Cash Flow Q/Q Growth		 -2.39% 1,280.92% -45.07% -61.23% 217.73% -58.30% -0.99% -203.66% 244.03% -125.85% -440.01%
Free Cash Flow Firm Q/Q Growth		 42.81% 99.86% 14,175.87% -28.53% 978.48% -49.65% -83.10% 74.62% -251.69% 10.55% -88.44%
Invested Capital Q/Q Growth		 6.13% -5.64% -2.74% 2.81% -6.26% 1.29% 1.99% 2.36% -0.90% 1.38% 5.02%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 11.38% 11.84% 11.56% 10.84% 10.52% 11.06% 10.57% 10.42% 10.49% 10.38% 10.43%
EBITDA Margin		 4.22% 3.73% 3.63% 3.09% 3.23% 3.17% 1.74% 2.84% 2.92% 3.33% 3.18%
Operating Margin		 3.81% 3.36% 2.95% 2.54% 2.74% 2.70% 1.31% 2.41% 2.31% 2.89% 2.78%
EBIT Margin		 3.67% 3.10% 2.98% 2.48% 2.70% 2.62% 1.17% 2.32% 2.39% 2.86% 2.73%
Profit (Net Income) Margin		 1.90% 1.57% 1.49% 1.05% 1.54% 1.65% 0.11% 0.88% 0.98% 1.32% 1.53%
Tax Burden Percent		 76.80% 87.14% 81.59% 78.88% 96.64% 112.51% 82.24% 67.37% 68.66% 67.11% 79.03%
Interest Burden Percent		 67.39% 58.11% 61.19% 53.70% 59.13% 56.11% 11.24% 56.24% 59.44% 69.01% 70.67%
Effective Tax Rate		 23.20% 12.86% 18.42% 21.12% 3.36% -12.51% 17.76% 32.63% 31.34% 32.89% 20.97%
Return on Invested Capital (ROIC)		 9.67% 9.49% 7.61% 5.97% 7.73% 8.92% 3.18% 4.74% 4.96% 6.43% 7.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.57% 6.78% 5.70% 4.06% 5.47% 6.09% 1.04% 3.15% 3.43% 4.75% 5.79%
Return on Net Nonoperating Assets (RNNOA)		 4.85% 3.98% 3.15% 2.30% 3.09% 3.20% 0.53% 1.75% 1.77% 2.51% 3.19%
Return on Equity (ROE)		 14.52% 13.47% 10.76% 8.27% 10.82% 12.12% 3.71% 6.49% 6.73% 8.94% 11.01%
Cash Return on Invested Capital (CROIC)		 -0.64% 7.81% 8.97% 7.53% 19.55% 12.58% 7.01% 7.04% 0.92% 0.36% -1.03%
Operating Return on Assets (OROA)		 7.55% 6.29% 5.73% 4.53% 4.86% 4.83% 2.14% 4.16% 4.42% 5.67% 5.48%
Return on Assets (ROA)		 3.91% 3.18% 2.86% 1.92% 2.78% 3.05% 0.20% 1.58% 1.80% 2.62% 3.06%
Return on Common Equity (ROCE)		 14.52% 13.47% 10.76% 8.27% 10.82% 12.12% 3.71% 6.49% 6.73% 8.94% 11.01%
Return on Equity Simple (ROE_SIMPLE)		 13.37% 11.45% 0.00% 6.92% 6.56% 6.49% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 181 166 134 112 150 161 60 96 100 138 183
NOPAT Margin		 2.92% 2.93% 2.41% 2.00% 2.65% 3.03% 1.08% 1.62% 1.59% 1.94% 2.20%
Net Nonoperating Expense Percent (NNEP)		 2.10% 2.72% 1.91% 1.91% 2.26% 2.82% 2.15% 1.60% 1.53% 1.68% 2.03%
Return On Investment Capital (ROIC_SIMPLE)		 2.14% - - - 2.02% 2.14% 0.79% 1.22% 1.27% 1.75% 2.22%
Cost of Revenue to Revenue		 88.62% 88.16% 88.44% 89.16% 89.48% 88.94% 89.43% 89.58% 89.51% 89.62% 89.57%
SG&A Expenses to Revenue		 7.49% 8.27% 8.09% 7.83% 7.72% 8.19% 8.03% 7.87% 7.78% 7.29% 6.60%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 7.57% 8.47% 8.60% 8.30% 7.78% 8.36% 9.26% 8.01% 8.18% 7.49% 7.64%
Earnings before Interest and Taxes (EBIT)		 228 175 166 139 153 139 66 137 151 204 227
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 262 211 202 173 183 168 98 167 185 237 264
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.89 0.89 0.94 0.95 0.95 0.84 0.88 0.89 0.81 0.99 1.41
Price to Tangible Book Value (P/TBV)		 1.05 1.06 1.12 1.14 1.13 1.00 1.06 1.08 0.97 1.18 1.68
Price to Revenue (P/Rev)		 0.17 0.18 0.20 0.21 0.20 0.18 0.20 0.19 0.17 0.20 0.26
Price to Earnings (P/E)		 6.64 7.80 9.33 13.75 14.48 12.89 18.38 18.60 19.32 22.86 21.19
Dividend Yield		 2.44% 2.47% 2.41% 2.32% 2.42% 2.75% 2.51% 2.58% 2.76% 2.31% 1.62%
Earnings Yield		 15.06% 12.83% 10.72% 7.27% 6.91% 7.76% 5.44% 5.37% 5.18% 4.37% 4.72%
Enterprise Value to Invested Capital (EV/IC)		 0.93 0.93 0.96 0.97 0.97 0.89 0.92 0.93 0.88 0.99 1.26
Enterprise Value to Revenue (EV/Rev)		 0.30 0.29 0.30 0.32 0.31 0.30 0.31 0.32 0.29 0.31 0.37
Enterprise Value to EBITDA (EV/EBITDA)		 5.88 6.21 6.86 8.82 9.10 9.00 11.07 11.59 10.77 11.11 11.89
Enterprise Value to EBIT (EV/EBIT)		 6.60 7.08 7.91 10.56 11.06 10.95 13.86 14.45 13.51 13.69 14.12
Enterprise Value to NOPAT (EV/NOPAT)		 9.03 9.42 10.87 12.64 12.45 11.74 13.97 15.07 16.03 19.79 19.56
Enterprise Value to Operating Cash Flow (EV/OCF)		 45.06 11.06 10.50 8.93 5.75 7.60 9.50 15.09 19.36 51.11 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 12.05 10.74 12.87 4.64 6.90 13.09 13.20 97.96 285.44 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.69 0.59 0.59 0.59 0.53 0.54 0.53 0.62 0.59 0.59 0.64
Long-Term Debt to Equity		 0.55 0.48 0.49 0.48 0.53 0.51 0.51 0.58 0.50 0.50 0.49
Financial Leverage		 0.64 0.59 0.55 0.57 0.57 0.53 0.51 0.56 0.52 0.53 0.55
Leverage Ratio		 2.64 2.54 2.55 2.56 2.53 2.43 2.45 2.53 2.57 2.56 2.75
Compound Leverage Factor		 1.78 1.48 1.56 1.37 1.50 1.37 0.28 1.42 1.52 1.77 1.94
Debt to Total Capital		 40.78% 37.20% 37.05% 36.97% 34.66% 35.07% 34.69% 38.11% 37.30% 37.27% 39.01%
Short-Term Debt to Total Capital		 8.23% 6.90% 6.30% 6.56% 0.04% 1.92% 1.14% 2.42% 5.89% 5.95% 8.91%
Long-Term Debt to Total Capital		 32.55% 30.29% 30.76% 30.41% 34.63% 33.15% 33.55% 35.69% 31.41% 31.32% 30.10%
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		 59.22% 62.80% 62.95% 63.03% 65.34% 64.93% 65.31% 61.89% 62.70% 62.73% 60.99%
Debt to EBITDA		 2.66 2.55 2.75 3.49 3.34 3.63 4.28 4.84 4.75 4.28 3.77
Net Debt to EBITDA		 2.45 2.36 2.45 3.17 3.12 3.37 3.97 4.56 4.29 3.99 3.58
Long-Term Debt to EBITDA		 2.12 2.08 2.28 2.87 3.34 3.44 4.14 4.54 4.00 3.60 2.91
Debt to NOPAT		 4.09 3.87 4.35 4.99 4.57 4.74 5.40 6.30 7.07 7.63 6.20
Net Debt to NOPAT		 3.76 3.58 3.89 4.54 4.26 4.40 5.01 5.93 6.38 7.11 5.90
Long-Term Debt to NOPAT		 3.26 3.15 3.61 4.11 4.57 4.48 5.22 5.90 5.96 6.41 4.78
Altman Z-Score		 3.33 3.41 3.37 3.20 3.32 3.30 3.20 3.14 2.97 3.11 3.02
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		 2.34 2.33 2.32 2.25 2.39 2.44 2.43 2.36 2.07 2.01 1.78
Quick Ratio		 1.00 1.01 1.05 1.02 1.09 1.07 1.09 1.07 1.04 1.01 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -712 -1.01 142 102 1,096 552 93 163 -247 -221 -416
Operating Cash Flow to CapEx		 -51.56% 1,185.38% 1,044.06% 334.61% 1,150.68% 526.86% 234.02% -588.00% 1,356.45% -319.09% -1,734.95%
Free Cash Flow to Firm to Interest Expense		 -9.58 -0.01 2.21 1.58 17.56 9.03 1.60 2.72 -4.02 -3.50 -6.26
Operating Cash Flow to Interest Expense		 -0.57 6.79 4.27 1.65 5.41 2.31 2.39 -2.42 3.39 -0.85 -4.37
Operating Cash Flow Less CapEx to Interest Expense		 -1.67 6.22 3.86 1.16 4.94 1.87 1.37 -2.83 3.14 -1.12 -4.63
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.05 2.03 1.92 1.82 1.80 1.84 1.83 1.80 1.85 1.98 2.01
Accounts Receivable Turnover		 5.51 5.51 5.19 4.98 5.04 5.27 5.09 4.96 4.79 5.20 4.93
Inventory Turnover		 4.06 3.93 3.84 3.59 3.51 3.58 3.70 3.64 3.92 4.16 4.38
Fixed Asset Turnover		 54.37 51.46 47.06 43.65 39.86 38.84 35.94 35.99 37.74 40.58 42.13
Accounts Payable Turnover		 7.02 6.75 6.25 5.80 5.76 5.93 5.80 5.53 5.19 5.62 5.19
Days Sales Outstanding (DSO)		 66.26 66.26 70.33 73.36 72.48 69.31 71.67 73.66 76.18 70.19 74.04
Days Inventory Outstanding (DIO)		 89.84 92.94 95.06 101.71 103.90 102.05 98.58 100.18 93.03 87.66 83.36
Days Payable Outstanding (DPO)		 51.97 54.07 58.42 62.92 63.38 61.50 62.93 66.06 70.29 64.89 70.36
Cash Conversion Cycle (CCC)		 104.13 105.13 106.97 112.14 113.01 109.85 107.32 107.78 98.92 92.96 87.04
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,187 7,726 7,514 7,725 7,242 7,335 7,481 7,658 7,589 7,694 8,080
Invested Capital Turnover		 3.31 3.24 3.16 2.98 2.91 2.94 2.96 2.92 3.12 3.32 3.55
Increase / (Decrease) in Invested Capital		 893 167 -8.20 11 -946 -391 -33 -67 347 359 599
Enterprise Value (EV)		 7,625 7,191 7,242 7,476 6,999 6,532 6,886 7,145 6,659 7,630 10,142
Market Capitalization		 4,448 4,454 4,654 4,789 4,601 4,082 4,416 4,335 4,008 4,890 7,084
Book Value per Share		 $55.37 $55.21 $54.50 $57.17 $55.71 $56.47 $59.76 $58.09 $60.72 $60.51 $61.23
Tangible Book Value per Share		 $46.67 $46.57 $45.86 $47.88 $46.82 $47.28 $49.78 $48.28 $50.55 $50.53 $51.35
Total Capital		 8,460 7,944 7,825 7,993 7,414 7,524 7,674 7,833 7,876 7,896 8,235
Total Debt		 3,450 2,955 2,899 2,955 2,570 2,639 2,662 2,985 2,938 2,943 3,213
Total Long-Term Debt		 2,754 2,406 2,407 2,431 2,567 2,494 2,575 2,796 2,474 2,473 2,479
Net Debt		 3,177 2,736 2,588 2,687 2,398 2,450 2,470 2,810 2,651 2,740 3,057
Capital Expenditures (CapEx)		 82 42 26 32 29 27 60 25 15 17 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 6,797 6,323 6,087 6,188 5,697 5,737 5,785 5,967 5,867 5,989 6,409
Debt-free Net Working Capital (DFNWC)		 7,070 6,542 6,398 6,455 5,869 5,926 5,978 6,142 6,154 6,191 6,564
Net Working Capital (NWC)		 6,373 5,993 5,905 5,931 5,866 5,781 5,891 5,953 5,690 5,721 5,830
Net Nonoperating Expense (NNE)		 64 77 51 53 63 73 54 44 39 44 56
Net Nonoperating Obligations (NNO)		 3,177 2,736 2,588 2,687 2,398 2,450 2,470 2,810 2,651 2,740 3,057
Total Depreciation and Amortization (D&A)		 34 35 36 34 30 29 32 31 33 33 37
Debt-free, Cash-free Net Working Capital to Revenue		 26.54% 25.55% 25.62% 26.87% 25.34% 25.90% 26.06% 26.53% 25.34% 24.00% 23.19%
Debt-free Net Working Capital to Revenue		 27.61% 26.43% 26.93% 28.04% 26.10% 26.76% 26.93% 27.31% 26.58% 24.81% 23.76%
Net Working Capital to Revenue		 24.89% 24.22% 24.86% 25.76% 26.09% 26.10% 26.53% 26.46% 24.58% 22.93% 21.10%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.31 $0.98 $0.93 $0.67 $1.00 $1.02 $0.09 $0.62 $0.76 $1.15 $1.54
Adjusted Weighted Average Basic Shares Outstanding		 90.25M 90.43M 90.57M 88.09M 86.85M 86.01M 86.27M 83.00M 81.45M 82.01M 82.16M
Adjusted Diluted Earnings per Share		 $1.28 $0.97 $0.93 $0.66 $0.99 $1.01 $0.09 $0.61 $0.75 $1.14 $1.51
Adjusted Weighted Average Diluted Shares Outstanding		 91.79M 91.26M 91.84M 89.39M 88.33M 86.88M 87.41M 84.46M 82.79M 82.93M 83.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 90.36M 90.38M 88.11M 86.94M 86.50M 83.86M 83.46M 81.33M 81.86M 82.02M 82.07M
Normalized Net Operating Profit after Tax (NOPAT)		 185 176 157 133 154 107 117 101 118 148 251
Normalized NOPAT Margin		 2.99% 3.11% 2.82% 2.37% 2.72% 2.01% 2.09% 1.72% 1.86% 2.08% 3.03%
Pre Tax Income Margin		 2.47% 1.80% 1.82% 1.33% 1.59% 1.47% 0.13% 1.30% 1.42% 1.97% 1.93%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.07 2.39 2.58 2.16 2.45 2.28 1.13 2.29 2.47 3.23 3.41
NOPAT to Interest Expense		 2.44 2.25 2.08 1.74 2.41 2.64 1.03 1.60 1.64 2.18 2.75
EBIT Less CapEx to Interest Expense		 1.96 1.81 2.17 1.67 1.98 1.84 0.11 1.87 2.22 2.96 3.16
NOPAT Less CapEx to Interest Expense		 1.34 1.68 1.68 1.25 1.94 2.20 0.01 1.19 1.39 1.92 2.50
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 16.30% 19.37% 22.45% 32.29% 35.64% 35.81% 47.17% 48.46% 54.38% 52.97% 34.20%
Augmented Payout Ratio		 29.20% 34.51% 55.08% 100.72% 107.69% 140.04% 173.51% 195.15% 193.95% 141.01% 75.56%

Financials Breakdown Chart

Key Financial Trends

Avnet’s recent results show a meaningful recovery in revenue and earnings, but the company’s cash conversion and leverage remain important concerns. Q4 fiscal 2026 revenue reached $8.30 billion, up from $5.62 billion in Q4 fiscal 2025 and $5.56 billion in Q4 fiscal 2024. Revenue also increased sequentially from $7.12 billion in Q3 fiscal 2026. However, the latest quarter’s growth came with continued working-capital pressure and a large restructuring charge.

  • Revenue momentum has improved. Quarterly revenue increased from approximately $5.3 billion-$5.6 billion in fiscal 2025 to $6.32 billion in Q2 fiscal 2026, $7.12 billion in Q3, and $8.30 billion in Q4.
  • Profitability has recovered from fiscal 2025 lows. Q4 fiscal 2026 net income was $126.6 million, compared with only $6.1 million in Q4 fiscal 2025. Operating income also rose to $231.0 million from $73.5 million over the same comparison.
  • Earnings per share have strengthened. Diluted EPS increased from $0.09 in Q4 fiscal 2025 to $1.51 in Q4 fiscal 2026, supported by higher earnings and a lower diluted share count.
  • Share count has declined over the longer term. Diluted weighted-average shares fell from roughly 99.8 million in Q4 fiscal 2022 to 83.4 million in Q4 fiscal 2026, which can enhance per-share results when earnings improve.
  • Avnet has continued increasing its dividend. The quarterly dividend rose from $0.26 per share in Q4 fiscal 2022 to $0.35 in Q4 fiscal 2026, providing a steadily higher shareholder return.
  • Liquidity remains supported by a sizable current-asset base. At the end of Q3 fiscal 2026, current assets were $11.38 billion versus current liabilities of $5.66 billion, producing a current ratio of approximately 2.0.
  • Gross margins remain relatively stable but narrow. Q4 fiscal 2026 gross margin was about 10.4%, close to the 10.6% recorded in Q4 fiscal 2025, but below the approximately 11.6% level in Q4 fiscal 2024. This suggests that revenue growth has not translated into substantial gross-margin expansion.
  • Restructuring activity is still affecting reported earnings. Avnet recorded an $86.5 million restructuring charge in Q4 fiscal 2026, up sharply from $14.7 million in Q3 and $6.9 million in Q4 fiscal 2025. The charge reduced operating profitability, although it may represent a step toward future cost savings.
  • Operating cash flow has deteriorated sharply. Avnet generated $274.3 million of operating cash flow in Q4 fiscal 2024, but reported negative operating cash flow in Q1, Q3, and Q4 fiscal 2026. Q4 fiscal 2026 operating cash flow was negative $290.7 million despite $126.6 million of net income.
  • Working capital is absorbing significant cash. Changes in operating assets and liabilities consumed $478.5 million in Q4 fiscal 2026. Accounts receivable reached $5.50 billion and inventories reached $5.46 billion at Q3 fiscal 2026, while total assets increased to $13.49 billion from $11.71 billion at Q3 fiscal 2025.
  • Debt financing has become increasingly important. Avnet issued $266.9 million of debt in Q4 fiscal 2026 and had approximately $2.94 billion of short- and long-term debt at Q3 fiscal 2026, compared with $2.58 billion at Q3 fiscal 2025. Interest expense also remained elevated at $66.5 million in Q4.
  • Cash balances remain modest relative to operating needs. Cash and equivalents were $202.4 million at Q3 fiscal 2026, down from $286.5 million at Q2 and only modestly above the $175.5 million reported at Q1. Q4 fiscal 2026 ended with a $47.0 million decline in cash, with debt issuance helping offset operating and investing cash outflows.

Overall, Avnet’s income statement is improving, led by strong revenue growth, higher operating income and a much better EPS trend. The balance sheet and cash-flow statements are less reassuring: inventory and receivables are expanding, operating cash flow is negative, and recent debt issuance is supporting liquidity. Investors may want to focus on whether Avnet can convert its stronger earnings into consistent operating cash flow without relying on additional borrowing.

08/27/26 03:50 PM ETAI Generated. May Contain Errors.

Avnet Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Avnet's financial year ends in June. Their financial year 2026 ended on June 27, 2026.

Avnet's net income appears to be on an upward trend, with a most recent value of $334.39 million in 2026, falling from $506.53 million in 2016. The previous period was $240.22 million in 2025. View Avnet's forecast to see where analysts expect Avnet to go next.

Avnet's total operating income in 2026 was $724.78 million, based on the following breakdown:
  • Total Gross Profit: $2.88 billion
  • Total Operating Expenses: $2.16 billion

Over the last 10 years, Avnet's total revenue changed from $16.74 billion in 2016 to $27.63 billion in 2026, a change of 65.1%.

Avnet's total liabilities were at $10.40 billion at the end of 2026, a 46.4% increase from 2025, and a 58.9% increase since 2016.

In the past 10 years, Avnet's cash and equivalents has ranged from $153.69 million in 2022 to $1.03 billion in 2016, and is currently $155.40 million as of their latest financial filing in 2026.

Over the last 10 years, Avnet's book value per share changed from 36.50 in 2016 to 61.23 in 2026, a change of 67.7%.


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Financial statements for NASDAQ:AVT last updated on 8/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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