Avnet (AVT) Financials

$49.80 +0.08 (+0.15%)

As of 11:17 AM Eastern

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	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
Net Income / (Loss) Attributable to Common Shareholders	572	507	525	-156	176	-31	193	692	771	499
Consolidated Net Income / (Loss)	572	507	525	-156	176	-31	193	692	771	499
Net Income / (Loss) Continuing Operations	485	391	263	-143	176	-31	193	692	771	499
Total Pre-Tax Income	572	478	310	145	237	-130	173	833	983	632
Total Operating Income	653	573	444	209	366	-4.63	281	939	1,187	844
Total Gross Profit	2,210	2,078	2,369	2,527	2,486	2,063	2,241	2,965	3,182	2,766
Total Revenue	17,655	16,741	17,440	19,037	19,519	17,634	19,535	24,311	26,537	23,757
Operating Revenue	17,655	16,741	17,440	19,037	19,519	17,634	19,535	24,311	26,537	23,757
Total Cost of Revenue	15,445	14,663	15,071	16,510	17,032	15,571	17,294	21,345	23,355	20,991
Operating Cost of Revenue	15,445	14,663	15,071	16,510	17,032	15,571	17,294	21,345	23,355	20,991
Total Operating Expenses	1,557	1,505	1,926	2,318	2,120	2,068	1,959	2,026	1,995	1,922
Selling, General & Admin Expense	1,515	1,460	1,788	1,991	1,875	1,842	1,875	1,995	1,967	1,870
Other Operating Expenses / (Income)	-	-	-	-	-	0.00	0.00	26	0.00	0.00
Restructuring Charge	42	45	137	145	108	82	84	5.27	28	53
Total Other Income / (Expense), net	-82	-95	-133	-64	-129	-125	-108	-106	-204	-212
Interest Expense	87	92	100	93	135	123	89	100	251	283
Other Income / (Expense), net	5.45	-2.96	-34	29	5.56	-2.22	-19	-5.30	47	71
Income Tax Expense	86	87	47	288	60	-99	-20	141	212	134
Basic Earnings per Share	$4.18	$3.87	$4.13	($1.30)	$1.61	($0.31)	$1.95	$7.02	$8.37	$5.51
Weighted Average Basic Shares Outstanding	136.69M	130.86M	127.03M	119.91M	109.82M	100.47M	99.26M	98.66M	92.04M	90.57M
Diluted Earnings per Share	$4.12	$3.80	$4.08	($1.30)	$1.59	($0.31)	$1.93	$6.94	$8.26	$5.43
Weighted Average Diluted Shares Outstanding	138.79M	133.17M	128.65M	119.91M	110.80M	100.47M	100.17M	99.82M	93.37M	91.84M
Weighted Average Basic & Diluted Shares Outstanding	136.80M	130.90M	127.20M	120.30M	109.50M	98.78M	99.50M	94.67M	91.49M	88.11M
Cash Dividends to Common per Share	$0.64	$0.68	$0.70	$0.74	$0.80	$0.84	$0.85	$1.00	$1.16	$1.24

This table shows Avnet'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	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	247	184	244	187	155	209	118	89	83	59	87
Consolidated Net Income / (Loss)	247	184	244	187	155	209	118	89	83	59	87
Net Income / (Loss) Continuing Operations	247	184	244	187	155	209	118	89	83	59	87
Total Pre-Tax Income	249	246	303	244	190	275	154	102	101	75	90
Total Operating Income	285	291	299	314	284	254	236	190	164	142	155
Total Gross Profit	780	768	784	812	818	748	706	669	643	607	596
Total Revenue	6,373	6,750	6,718	6,515	6,555	6,336	6,205	5,654	5,563	5,604	5,663
Operating Revenue	6,373	6,750	6,718	6,515	6,555	6,336	6,205	5,654	5,563	5,604	5,663
Total Cost of Revenue	5,593	5,982	5,933	5,703	5,737	5,588	5,499	4,984	4,920	4,997	5,067
Operating Cost of Revenue	5,593	5,982	5,933	5,703	5,737	5,588	5,499	4,984	4,920	4,997	5,067
Total Operating Expenses	495	478	485	498	534	494	470	479	479	465	441
Selling, General & Admin Expense	495	478	485	498	506	487	465	467	450	439	437
Restructuring Charge	-	0.00	0.00	0.00	28	7.05	5.24	12	28	26	3.79
Total Other Income / (Expense), net	-36	-45	4.16	-70	-93	22	-83	-88	-63	-67	-65
Interest Expense	30	45	59	72	75	71	74	73	64	64	62
Other Income / (Expense), net	-6.16	0.32	63	1.65	-18	92	-8.40	-15	1.41	-3.04	-2.65
Income Tax Expense	1.72	62	59	56	35	66	36	13	19	16	3.03
Basic Earnings per Share	$2.52	$1.96	$2.67	$2.05	$1.69	$2.29	$1.31	$0.98	$0.93	$0.67	$1.00
Weighted Average Basic Shares Outstanding	98.66M	94.05M	91.19M	91.44M	92.04M	91.50M	90.25M	90.43M	90.57M	88.09M	86.85M
Diluted Earnings per Share	$2.50	$1.93	$2.63	$2.03	$1.67	$2.25	$1.28	$0.97	$0.93	$0.66	$0.99
Weighted Average Diluted Shares Outstanding	99.82M	95.64M	92.76M	92.46M	93.37M	93.18M	91.79M	91.26M	91.84M	89.39M	88.33M
Weighted Average Basic & Diluted Shares Outstanding	94.67M	91.52M	91.38M	91.40M	91.49M	90.49M	90.36M	90.38M	88.11M	86.94M	86.50M
Cash Dividends to Common per Share	$0.26	$0.29	$0.29	$0.29	$0.29	$0.31	$0.31	$0.31	$0.31	$0.33	$0.33

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	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
Net Change in Cash & Equivalents	3.58	99	-195	-215	-75	-69	-277	-46	135	23
Net Cash From Operating Activities	584	224	-369	253	535	730	91	-219	-714	690
Net Cash From Continuing Operating Activities	318	-49	221	253	535	730	91	-219	-714	690
Net Income / (Loss) Continuing Operations	485	391	263	-143	176	-31	193	692	771	499
Consolidated Net Income / (Loss)	572	507	525	-156	176	-31	193	692	771	499
Depreciation Expense	66	70	101	143	97	101	91	102	89	87
Amortization Expense	16	9.25	54	91	84	142	98	53	54	54
Non-Cash Adjustments To Reconcile Net Income	118	86	77	255	205	218	67	71	91	49
Changes in Operating Assets and Liabilities, net	-368	-606	-274	-93	-27	301	-358	-1,138	-1,718	1.49
Net Cash From Investing Activities	-186	-153	1,338	72	-25	-135	-61	51	-212	-225
Net Cash From Continuing Investing Activities	-145	-122	-904	-164	-25	-135	-61	51	-212	-225
Purchase of Property, Plant & Equipment	-133	-137	-120	-156	-123	-74	-50	-49	-195	-226
Other Investing Activities, net	-12	16	19	6.65	30	-9.99	7.55	100	-17	0.99
Net Cash From Financing Activities	-341	33	-1,188	-542	-583	-645	-314	156	1,055	-434
Net Cash From Continuing Financing Activities	-297	10	-1,192	-542	-583	-645	-314	156	1,055	-434
Repayment of Debt	-122	-261	-1,682	-139	-62	-321	-547	-371	722	-46
Repurchase of Common Equity	-160	-381	-276	-324	-569	-238	0.00	-184	-222	-163
Payment of Dividends	-87	-89	-89	-88	-87	-84	-84	-98	-106	-112
Issuance of Debt	72	741	855	8.85	135	-2.12	318	810	660	-113
Effect of Exchange Rate Changes	-53	-6.23	23	1.42	-1.90	-20	6.91	-	5.04	-7.99

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	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	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Change in Cash & Equivalents	-46	-73	244	-139	102	-9.55	-5.83	-54	92	-43	-95
Net Cash From Operating Activities	-200	-645	-321	18	235	-41	-42	499	274	106	338
Net Cash From Continuing Operating Activities	-200	-645	-321	18	235	-41	-42	499	274	106	338
Net Income / (Loss) Continuing Operations	247	184	244	187	155	209	118	89	83	59	87
Consolidated Net Income / (Loss)	247	184	244	187	155	209	118	89	83	59	87
Depreciation Expense	37	20	24	21	24	22	21	21	23	20	17
Amortization Expense	0.55	16	11	14	14	13	13	14	14	14	13
Non-Cash Adjustments To Reconcile Net Income	-5.45	17	11	9.51	53	-11	58	-12	14	30	12
Changes in Operating Assets and Liabilities, net	-478	-882	-611	-214	-12	-275	-252	387	141	-17	209
Net Cash From Investing Activities	-0.09	-21	-107	-26	-57	-76	-82	-42	-26	-31	-29
Net Cash From Continuing Investing Activities	-0.09	-21	-107	-26	-57	-76	-82	-42	-26	-31	-29
Purchase of Property, Plant & Equipment	-15	-28	-83	-26	-57	-76	-82	-42	-26	-32	-29
Other Investing Activities, net	15	7.30	-24	-0.05	-0.55	0.30	0.07	0.26	0.37	0.33	0.02
Net Cash From Financing Activities	160	588	668	-134	-68	100	122	-507	-149	-109	-403
Net Cash From Continuing Financing Activities	160	588	668	-134	-68	100	122	-507	-149	-109	-403
Repayment of Debt	-354	-86	85	755	-32	245	31	-60	11	-8.41	-309
Repurchase of Common Equity	-95	-152	-69	-	-0.45	-24	-62	-	-77	-100	-52
Payment of Dividends	-25	-27	-26	-27	-27	-28	-28	-28	-28	-29	-29
Issuance of Debt	635	854	678	-863	-8.95	-92	181	-419	-56	28	-14

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	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
Total Assets	10,800	11,240	9,700	9,597	8,565	8,105	8,925	10,389	12,477	12,209
Total Current Assets	8,585	9,004	7,534	7,611	6,876	6,329	7,163	8,877	10,751	10,371
Cash & Equivalents	933	1,031	836	621	546	477	200	154	288	311
Accounts Receivable	5,054	2,770	3,338	3,641	3,168	2,928	3,576	4,301	4,764	4,391
Inventories, net	2,482	2,560	2,825	3,142	3,008	2,732	3,237	4,244	5,465	5,469
Prepaid Expenses	116	74	254	207	153	191	151	178	234	200
Plant, Property, & Equipment, net	569	453	520	523	452	405	368	315	442	568
Total Noncurrent Assets	1,646	1,783	1,646	1,463	1,236	1,372	1,394	1,197	1,285	1,270
Goodwill	1,279	622	1,148	981	877	774	838	759	781	781
Other Noncurrent Operating Assets	268	239	221	263	216	533	527	438	504	489
Total Liabilities & Shareholders' Equity	10,800	11,240	9,700	9,597	8,565	8,105	8,925	10,389	12,477	12,209
Total Liabilities	6,115	6,549	4,518	4,912	4,424	4,379	4,841	6,196	7,725	7,284
Total Current Liabilities	4,272	4,942	2,454	2,969	2,579	2,280	3,055	4,252	4,249	4,465
Short-Term Debt	331	1,153	50	165	301	0.05	23	174	71	493
Accounts Payable	3,338	1,591	1,862	2,269	1,864	1,754	2,401	3,432	3,374	3,346
Accrued Expenses	603	395	542	535	414	473	572	591	753	573
Other Current Liabilities	-	-	-	-	0.00	53	58	55	52	54
Total Noncurrent Liabilities	1,843	1,606	2,064	1,942	1,846	2,098	1,786	1,944	3,476	2,818
Long-Term Debt	1,647	1,339	1,729	1,489	1,420	1,425	1,191	1,437	2,988	2,407
Other Noncurrent Operating Liabilities	196	223	335	453	426	674	595	507	488	412
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,685	4,691	5,182	4,685	4,140	3,726	4,084	4,193	4,752	4,926
Total Preferred & Common Equity	4,685	4,691	5,182	4,685	4,140	3,726	4,084	4,193	4,752	4,926
Total Common Equity	4,685	4,691	5,182	4,685	4,140	3,726	4,084	4,193	4,752	4,926
Common Stock	1,544	1,580	1,627	1,645	1,677	1,693	1,722	1,753	1,783	1,810
Retained Earnings	3,583	3,632	3,799	3,236	2,767	2,422	2,516	2,921	3,378	3,602
Accumulated Other Comprehensive Income / (Loss)	-441	-521	-244	-195	-304	-388	-154	-481	-409	-487

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	4/2/2022	10/1/2022	12/31/2022	4/1/2023	9/30/2023	12/30/2023	3/30/2024	9/28/2024	12/28/2024
Total Assets	9,782	10,968	11,930	12,109	12,646	12,997	12,325	12,598	11,943
Total Current Assets	8,218	9,510	10,304	10,444	10,911	11,139	10,486	10,679	10,072
Cash & Equivalents	199	81	325	186	279	273	218	268	172
Accounts Receivable	4,165	4,591	4,789	4,671	4,680	4,509	4,315	4,576	4,421
Inventories, net	3,681	4,655	4,973	5,354	5,755	6,116	5,752	5,614	5,252
Prepaid Expenses	173	183	216	233	198	241	200	222	226
Plant, Property, & Equipment, net	323	300	378	400	471	564	562	584	564
Total Noncurrent Assets	1,241	1,158	1,248	1,265	1,264	1,294	1,278	1,334	1,306
Goodwill	805	704	755	771	760	787	781	819	774
Other Noncurrent Operating Assets	419	455	493	495	505	507	497	515	533
Total Liabilities & Shareholders' Equity	9,782	10,968	11,930	12,109	12,646	12,997	12,325	12,598	11,943
Total Liabilities	5,525	6,949	7,500	7,474	7,824	7,987	7,336	7,560	7,099
Total Current Liabilities	4,066	4,659	4,058	3,970	4,290	4,766	4,493	4,748	4,206
Short-Term Debt	424	513	209	76	69	696	549	524	2.60
Accounts Payable	2,969	3,467	3,107	3,137	3,446	3,308	3,324	3,588	3,626
Accrued Expenses	616	625	689	705	722	706	565	580	524
Other Current Liabilities	57	55	53	52	54	55	55	56	53
Total Noncurrent Liabilities	1,459	2,290	3,443	3,504	3,534	3,221	2,843	2,812	2,893
Long-Term Debt	922	1,826	2,980	3,033	3,102	2,754	2,406	2,431	2,567
Other Noncurrent Operating Liabilities	537	464	463	471	432	468	437	381	326
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,257	4,019	4,430	4,636	4,823	5,010	4,989	5,038	4,844
Total Preferred & Common Equity	4,257	4,019	4,430	4,636	4,823	5,010	4,989	5,038	4,844
Total Common Equity	4,257	4,019	4,430	4,636	4,823	5,010	4,989	5,038	4,844
Common Stock	1,743	1,758	1,770	1,770	1,793	1,804	1,800	1,823	1,833
Retained Earnings	2,800	2,934	3,089	3,250	3,533	3,564	3,625	3,534	3,542
Accumulated Other Comprehensive Income / (Loss)	-286	-673	-429	-384	-503	-357	-436	-319	-531

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-35.80%	-5.18%	4.18%	9.16%	2.53%	-9.65%	10.78%	24.45%	9.16%	-10.48%
EBITDA Growth	-21.46%	-12.32%	-12.96%	-16.39%	16.84%	-57.26%	91.10%	141.39%	26.43%	-23.32%
EBIT Growth	-18.28%	-13.46%	-28.07%	-41.99%	56.20%	-101.84%	3,934.60%	255.83%	32.13%	-25.83%
NOPAT Growth	-9.76%	-15.54%	-19.65%	-154.74%	232.35%	-101.19%	9,800.43%	148.26%	19.30%	-28.45%
Net Income Growth	4.82%	-11.43%	3.70%	-129.78%	212.73%	-117.63%	721.32%	258.53%	11.33%	-35.30%
EPS Growth	5.91%	-7.77%	7.37%	-131.86%	222.31%	-119.50%	722.58%	259.59%	19.02%	-34.26%
Operating Cash Flow Growth	145.93%	-61.58%	-264.36%	168.75%	110.97%	36.54%	-87.54%	-341.14%	-225.43%	196.68%
Free Cash Flow Firm Growth	999.65%	93.86%	-156.13%	91.35%	935.79%	-5.77%	-117.33%	306.62%	-512.13%	171.69%
Invested Capital Growth	-5.06%	-20.91%	28.95%	-2.14%	-7.06%	-12.05%	9.09%	10.83%	33.11%	-0.11%
Revenue Q/Q Growth	-37.34%	78.65%	4.24%	2.44%	-1.90%	-2.87%	5.78%	4.95%	0.69%	-4.01%
EBITDA Q/Q Growth	-23.74%	25.13%	-1.10%	8.93%	-22.22%	31.67%	25.13%	16.87%	-0.88%	-8.79%
EBIT Q/Q Growth	-20.76%	17.81%	-9.05%	23.49%	-29.02%	86.34%	67.46%	21.22%	-1.05%	-9.84%
NOPAT Q/Q Growth	-20.15%	4.26%	2.02%	-5.24%	-23.00%	87.35%	-22.64%	28.72%	-5.41%	-12.75%
Net Income Q/Q Growth	-4.59%	-10.89%	-2.84%	-17.09%	-33.90%	72.99%	20.76%	30.41%	-10.62%	-12.71%
EPS Q/Q Growth	-4.19%	-9.74%	-1.92%	-12.07%	-33.19%	72.32%	19.88%	30.94%	-9.13%	-11.99%
Operating Cash Flow Q/Q Growth	83.57%	-62.39%	-43.21%	252.53%	22.72%	-6.05%	-81.25%	-74.06%	37.84%	6.11%
Free Cash Flow Firm Q/Q Growth	12.08%	816.30%	-199.07%	89.50%	-1.01%	-21.97%	-123.80%	1,562.54%	19.71%	13.00%
Invested Capital Q/Q Growth	-0.75%	-24.98%	6.92%	-5.33%	-6.94%	-4.00%	5.98%	4.58%	-0.49%	-2.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.52%	12.41%	13.59%	13.28%	12.74%	11.70%	11.47%	12.20%	11.99%	11.64%
EBITDA Margin	4.20%	3.88%	3.24%	2.48%	2.83%	1.34%	2.31%	4.48%	5.19%	4.44%
Operating Margin	3.70%	3.42%	2.54%	1.10%	1.87%	-0.03%	1.44%	3.86%	4.47%	3.55%
EBIT Margin	3.73%	3.40%	2.35%	1.25%	1.90%	-0.04%	1.34%	3.84%	4.65%	3.85%
Profit (Net Income) Margin	3.24%	3.03%	3.01%	-0.82%	0.90%	-0.18%	0.99%	2.85%	2.90%	2.10%
Tax Burden Percent	100.07%	105.97%	169.22%	-107.82%	74.53%	23.99%	111.67%	83.09%	78.43%	78.88%
Interest Burden Percent	86.78%	83.87%	75.71%	61.00%	63.69%	1,893.69%	65.90%	89.25%	79.67%	69.09%
Effective Tax Rate	15.07%	18.22%	15.16%	198.49%	25.47%	0.00%	-11.67%	16.91%	21.57%	21.12%
Return on Invested Capital (ROIC)	9.43%	9.13%	7.26%	-3.56%	4.94%	-0.06%	6.43%	14.52%	14.13%	8.86%
ROIC Less NNEP Spread (ROIC-NNEP)	11.00%	17.72%	66.56%	2.29%	-3.79%	-2.69%	-5.91%	7.41%	6.57%	2.61%
Return on Net Nonoperating Assets (RNNOA)	2.52%	1.67%	3.38%	0.39%	-0.95%	-0.73%	-1.49%	2.22%	3.10%	1.45%
Return on Equity (ROE)	11.95%	10.80%	10.64%	-3.17%	4.00%	-0.79%	4.94%	16.73%	17.24%	10.31%
Cash Return on Invested Capital (CROIC)	14.62%	32.49%	-18.03%	-1.40%	12.26%	12.76%	-2.26%	4.25%	-14.28%	8.97%
Operating Return on Assets (OROA)	5.97%	5.17%	3.92%	2.47%	4.09%	-0.08%	3.08%	9.67%	10.79%	7.41%
Return on Assets (ROA)	5.19%	4.60%	5.02%	-1.62%	1.94%	-0.37%	2.27%	7.17%	6.74%	4.04%
Return on Common Equity (ROCE)	11.95%	10.80%	10.64%	-3.17%	4.00%	-0.79%	4.94%	16.73%	17.24%	10.31%
Return on Equity Simple (ROE_SIMPLE)	12.21%	10.80%	10.14%	-3.34%	4.26%	-0.83%	4.73%	16.51%	16.22%	10.12%
Net Operating Profit after Tax (NOPAT)	555	469	376	-206	273	-3.24	314	780	931	666
NOPAT Margin	3.14%	2.80%	2.16%	-1.08%	1.40%	-0.02%	1.61%	3.21%	3.51%	2.80%
Net Nonoperating Expense Percent (NNEP)	-1.57%	-8.59%	-59.30%	-5.86%	8.73%	2.62%	12.35%	7.10%	7.56%	6.24%
Cost of Revenue to Revenue	87.48%	87.59%	86.41%	86.72%	87.26%	88.30%	88.53%	87.80%	88.01%	88.36%
SG&A Expenses to Revenue	8.58%	8.72%	10.25%	10.46%	9.60%	10.45%	9.60%	8.21%	7.41%	7.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.82%	8.99%	11.04%	12.18%	10.86%	11.73%	10.03%	8.34%	7.52%	8.09%
Earnings before Interest and Taxes (EBIT)	659	570	410	238	371	-6.84	262	934	1,234	915
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	741	650	565	473	552	236	451	1,089	1,377	1,056
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.00	0.92	0.80	0.94	1.03	0.62	0.90	0.94	0.95	0.94
Price to Tangible Book Value (P/TBV)	1.42	1.07	1.10	1.26	1.36	0.81	1.15	1.14	1.13	1.12
Price to Revenue (P/Rev)	0.27	0.26	0.24	0.23	0.22	0.13	0.19	0.16	0.17	0.20
Price to Earnings (P/E)	8.23	8.55	7.87	0.00	24.08	0.00	19.12	5.66	5.83	9.33
Dividend Yield	1.85%	2.02%	2.12%	1.99%	2.00%	3.57%	2.29%	2.49%	2.36%	2.41%
Earnings Yield	12.15%	11.70%	12.70%	0.00%	4.15%	0.00%	5.23%	17.66%	17.15%	10.72%
Enterprise Value to Invested Capital (EV/IC)	1.00	1.28	0.82	0.95	1.02	0.70	0.92	0.95	0.97	0.96
Enterprise Value to Revenue (EV/Rev)	0.33	0.35	0.28	0.28	0.28	0.19	0.24	0.22	0.27	0.30
Enterprise Value to EBITDA (EV/EBITDA)	7.77	8.92	8.48	11.46	9.82	13.87	10.43	4.94	5.28	6.86
Enterprise Value to EBIT (EV/EBIT)	8.73	10.16	11.70	22.78	14.59	0.00	17.94	5.76	5.89	7.91
Enterprise Value to NOPAT (EV/NOPAT)	10.37	12.36	12.74	0.00	19.88	0.00	14.98	6.89	7.81	10.87
Enterprise Value to Operating Cash Flow (EV/OCF)	9.85	25.82	0.00	21.38	10.14	4.48	51.75	0.00	0.00	10.50
Enterprise Value to Free Cash Flow (EV/FCFF)	6.69	3.47	0.00	0.00	8.01	5.13	0.00	23.57	0.00	10.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.53	0.34	0.35	0.42	0.38	0.30	0.38	0.64	0.59
Long-Term Debt to Equity	0.35	0.29	0.33	0.32	0.34	0.38	0.29	0.34	0.63	0.49
Financial Leverage	0.23	0.09	0.05	0.17	0.25	0.27	0.25	0.30	0.47	0.55
Leverage Ratio	2.30	2.35	2.12	1.96	2.06	2.12	2.18	2.33	2.56	2.55
Compound Leverage Factor	2.00	1.97	1.61	1.19	1.31	40.13	1.44	2.08	2.04	1.76
Debt to Total Capital	29.68%	34.69%	25.56%	26.10%	29.35%	27.66%	22.92%	27.77%	39.16%	37.05%
Short-Term Debt to Total Capital	4.97%	16.05%	0.72%	2.61%	5.13%	0.00%	0.44%	3.00%	0.90%	6.30%
Long-Term Debt to Total Capital	24.71%	18.64%	24.84%	23.49%	24.23%	27.66%	22.48%	24.76%	38.26%	30.76%
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%
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%
Common Equity to Total Capital	70.32%	65.31%	74.44%	73.90%	70.65%	72.34%	77.08%	72.23%	60.84%	62.95%
Debt to EBITDA	2.67	3.84	3.15	3.50	3.12	6.04	2.69	1.48	2.22	2.75
Net Debt to EBITDA	1.41	2.25	1.17	2.19	2.13	4.02	2.25	1.34	2.01	2.45
Long-Term Debt to EBITDA	2.22	2.06	3.06	3.15	2.57	6.04	2.64	1.32	2.17	2.28
Debt to NOPAT	3.57	5.32	4.73	-8.03	6.31	-439.82	3.86	2.07	3.29	4.35
Net Debt to NOPAT	1.88	3.12	1.76	-5.02	4.31	-292.57	3.23	1.87	2.98	3.89
Long-Term Debt to NOPAT	2.97	2.86	4.59	-7.23	5.21	-439.80	3.79	1.84	3.21	3.61
Altman Z-Score	3.24	2.94	3.66	3.65	4.05	3.51	3.69	3.94	3.81	3.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.01	1.82	3.07	2.56	2.67	2.78	2.34	2.09	2.53	2.32
Quick Ratio	1.40	0.77	1.82	1.44	1.44	1.49	1.24	1.05	1.19	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	860	1,667	-936	-81	676	637	-110	228	-940	674
Operating Cash Flow to CapEx	437.84%	163.29%	-306.23%	162.62%	435.87%	993.23%	180.59%	-448.49%	-366.61%	304.66%
Free Cash Flow to Firm to Interest Expense	9.87	18.13	-9.40	-0.87	5.02	5.19	-1.23	2.27	-3.75	2.38
Operating Cash Flow to Interest Expense	6.71	2.44	-3.70	2.73	3.97	5.95	1.02	-2.18	-2.84	2.44
Operating Cash Flow Less CapEx to Interest Expense	5.17	0.95	-4.91	1.05	3.06	5.35	0.45	-2.67	-3.62	1.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.60	1.52	1.67	1.97	2.15	2.12	2.29	2.52	2.32	1.92
Accounts Receivable Turnover	3.44	4.28	5.71	5.46	5.73	5.78	6.01	6.17	5.85	5.19
Inventory Turnover	6.06	5.82	5.60	5.53	5.54	5.43	5.79	5.71	4.81	3.84
Fixed Asset Turnover	31.99	32.76	35.86	36.52	40.03	41.16	50.54	71.12	70.13	47.06
Accounts Payable Turnover	4.58	5.95	8.73	7.99	8.24	8.61	8.32	7.32	6.86	6.25
Days Sales Outstanding (DSO)	106.21	85.30	63.91	66.90	63.67	63.10	60.77	59.13	62.34	70.33
Days Inventory Outstanding (DIO)	60.21	62.76	65.21	65.95	65.90	67.28	62.99	63.96	75.87	95.06
Days Payable Outstanding (DPO)	79.64	61.35	41.81	45.67	44.29	42.41	43.85	49.87	53.18	58.42
Cash Conversion Cycle (CCC)	86.77	86.71	87.31	87.19	85.27	87.97	79.90	73.22	85.03	106.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,730	4,532	5,844	5,719	5,315	4,674	5,099	5,651	7,522	7,514
Invested Capital Turnover	3.00	3.26	3.36	3.29	3.54	3.53	4.00	4.52	4.03	3.16
Increase / (Decrease) in Invested Capital	-305	-1,198	1,312	-125	-404	-641	425	552	1,871	-8.20
Enterprise Value (EV)	5,752	5,791	4,796	5,418	5,421	3,273	4,707	5,379	7,266	7,242
Market Capitalization	4,707	4,330	4,135	4,385	4,247	2,325	3,692	3,921	4,496	4,654
Book Value per Share	$34.49	$36.50	$41.46	$39.71	$38.95	$37.74	$41.05	$42.92	$51.99	$54.50
Tangible Book Value per Share	$24.34	$31.49	$30.05	$29.53	$29.35	$29.24	$32.34	$35.15	$43.45	$45.86
Total Capital	6,663	7,183	6,961	6,340	5,861	5,151	5,299	5,805	7,810	7,825
Total Debt	1,978	2,492	1,779	1,655	1,720	1,425	1,214	1,612	3,059	2,899
Total Long-Term Debt	1,647	1,339	1,729	1,489	1,420	1,425	1,191	1,437	2,988	2,407
Net Debt	1,045	1,460	662	1,033	1,174	948	1,015	1,458	2,770	2,588
Capital Expenditures (CapEx)	133	137	120	156	123	74	50	49	195	226
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,711	4,183	4,012	4,185	4,052	3,571	3,932	4,646	6,284	6,087
Debt-free Net Working Capital (DFNWC)	4,644	5,214	5,130	4,807	4,598	4,048	4,131	4,799	6,572	6,398
Net Working Capital (NWC)	4,313	4,061	5,080	4,641	4,298	4,048	4,108	4,625	6,501	5,905
Net Nonoperating Expense (NNE)	-17	-38	-149	-50	96	28	121	88	160	167
Net Nonoperating Obligations (NNO)	1,045	-160	662	1,033	1,174	948	1,015	1,458	2,770	2,588
Total Depreciation and Amortization (D&A)	82	80	155	235	181	243	189	155	143	141
Debt-free, Cash-free Net Working Capital to Revenue	21.02%	24.98%	23.01%	21.99%	20.76%	20.25%	20.13%	19.11%	23.68%	25.62%
Debt-free Net Working Capital to Revenue	26.30%	31.15%	29.42%	25.25%	23.56%	22.96%	21.15%	19.74%	24.77%	26.93%
Net Working Capital to Revenue	24.43%	24.26%	29.13%	24.38%	22.02%	22.96%	21.03%	19.02%	24.50%	24.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.18	$3.87	$4.13	($1.30)	$1.61	($0.31)	$1.95	$7.02	$8.37	$5.51
Adjusted Weighted Average Basic Shares Outstanding	136.69M	130.86M	127.03M	119.91M	109.82M	100.47M	99.26M	98.66M	92.04M	90.57M
Adjusted Diluted Earnings per Share	$4.12	$3.80	$4.08	($1.30)	$1.59	($0.31)	$1.93	$6.94	$8.26	$5.43
Adjusted Weighted Average Diluted Shares Outstanding	138.79M	133.17M	128.65M	119.91M	110.80M	100.47M	100.17M	99.82M	93.37M	91.84M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	134.46M	127.37M	123.06M	115.76M	103.62M	98.78M	99.50M	94.67M	91.49M	88.11M
Normalized Net Operating Profit after Tax (NOPAT)	590	505	493	375	456	155	256	785	953	707
Normalized NOPAT Margin	3.34%	3.02%	2.83%	1.97%	2.33%	0.88%	1.31%	3.23%	3.59%	2.98%
Pre Tax Income Margin	3.24%	2.86%	1.78%	0.76%	1.21%	-0.73%	0.89%	3.43%	3.70%	2.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.56	6.20	4.12	2.56	2.75	-0.06	2.93	9.30	4.92	3.24
NOPAT to Interest Expense	6.37	5.10	3.78	-2.22	2.02	-0.03	3.51	7.77	3.71	2.35
EBIT Less CapEx to Interest Expense	6.03	4.71	2.91	0.88	1.84	-0.65	2.37	8.82	4.14	2.43
NOPAT Less CapEx to Interest Expense	4.84	3.60	2.57	-3.90	1.11	-0.63	2.95	7.29	2.93	1.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.27%	17.49%	16.88%	-56.42%	49.43%	-270.18%	43.66%	14.22%	13.79%	22.45%
Augmented Payout Ratio	43.24%	92.70%	69.40%	-263.24%	371.94%	-1,035.41%	43.66%	40.86%	42.56%	55.08%

This table displays calculated financial ratios and metrics derived from Avnet'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	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.92%	20.87%	14.53%	0.41%	2.86%	-6.14%	-7.63%	-13.22%	-15.13%	-11.55%	-8.73%
EBITDA Growth	99.17%	56.45%	56.89%	12.33%	-3.87%	16.73%	-33.96%	-39.79%	-33.51%	-54.60%	-30.10%
EBIT Growth	142.10%	73.30%	69.70%	15.09%	-4.70%	19.04%	-37.08%	-44.35%	-37.62%	-59.80%	-32.99%
NOPAT Growth	157.41%	68.64%	44.50%	18.92%	-18.18%	-11.49%	-24.57%	-31.34%	-42.09%	-41.81%	-17.27%
Net Income Growth	189.17%	65.53%	61.71%	2.19%	-37.10%	13.57%	-51.65%	-52.60%	-46.75%	-71.83%	-26.01%
EPS Growth	190.70%	75.45%	75.33%	10.33%	-33.20%	16.58%	-51.33%	-52.22%	-44.31%	-70.67%	-22.66%
Operating Cash Flow Growth	-87.56%	-1,983.28%	-38.37%	-92.51%	217.33%	93.60%	86.84%	2,634.42%	16.93%	357.48%	899.00%
Free Cash Flow Firm Growth	14.48%	-82.73%	-145.07%	-391.46%	-509.02%	-51.24%	53.28%	99.95%	108.67%	108.16%	253.93%
Invested Capital Growth	10.83%	19.88%	31.90%	39.89%	33.11%	22.90%	12.25%	2.21%	-0.11%	0.14%	-11.55%
Revenue Q/Q Growth	-1.78%	5.92%	-0.48%	-3.02%	0.61%	-3.34%	-2.06%	-8.89%	-1.60%	0.74%	1.06%
EBITDA Q/Q Growth	1.27%	3.39%	21.55%	-11.74%	-13.34%	25.56%	-31.24%	-19.53%	-4.30%	-14.26%	5.86%
EBIT Q/Q Growth	1.67%	4.43%	24.51%	-12.94%	-15.81%	30.43%	-34.19%	-23.00%	-5.61%	-15.95%	9.70%
NOPAT Q/Q Growth	39.32%	-22.95%	10.42%	0.32%	-4.15%	-16.64%	-5.89%	-8.68%	-19.15%	-16.25%	33.80%
Net Income Q/Q Growth	34.57%	-25.35%	32.36%	-23.15%	-17.16%	34.79%	-43.65%	-24.67%	-6.94%	-28.68%	48.00%
EPS Q/Q Growth	35.87%	-22.80%	36.27%	-22.81%	-17.73%	34.73%	-43.11%	-24.22%	-4.12%	-29.03%	50.00%
Operating Cash Flow Q/Q Growth	-181.99%	-222.75%	50.19%	105.68%	1,184.44%	-117.61%	-2.39%	1,280.92%	-45.07%	-61.23%	217.73%
Free Cash Flow Firm Q/Q Growth	30.86%	-205.63%	-85.14%	-25.63%	14.32%	24.10%	42.81%	99.86%	14,175.87%	-28.53%	978.48%
Invested Capital Q/Q Growth	4.58%	11.08%	16.20%	3.63%	-0.49%	2.56%	6.13%	-5.64%	-2.74%	2.81%	-6.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.23%	11.38%	11.67%	12.46%	12.48%	11.81%	11.38%	11.84%	11.56%	10.84%	10.52%
EBITDA Margin	4.95%	4.84%	5.91%	5.38%	4.63%	6.01%	4.22%	3.73%	3.63%	3.09%	3.23%
Operating Margin	4.47%	4.30%	4.45%	4.81%	4.33%	4.01%	3.81%	3.36%	2.95%	2.54%	2.74%
EBIT Margin	4.37%	4.31%	5.39%	4.84%	4.05%	5.46%	3.67%	3.10%	2.98%	2.48%	2.70%
Profit (Net Income) Margin	3.87%	2.73%	3.63%	2.88%	2.37%	3.30%	1.90%	1.57%	1.49%	1.05%	1.54%
Tax Burden Percent	99.31%	74.98%	80.45%	76.94%	81.54%	75.98%	76.80%	87.14%	81.59%	78.88%	96.64%
Interest Burden Percent	89.23%	84.49%	83.70%	77.26%	71.72%	79.55%	67.39%	58.11%	61.19%	53.70%	59.13%
Effective Tax Rate	0.69%	25.02%	19.55%	23.06%	18.46%	24.02%	23.20%	12.86%	18.42%	21.12%	3.36%
Return on Invested Capital (ROIC)	20.07%	14.28%	14.70%	15.06%	14.22%	11.36%	9.67%	9.49%	7.61%	5.97%	7.73%
ROIC Less NNEP Spread (ROIC-NNEP)	17.16%	12.28%	14.86%	12.41%	10.62%	12.00%	7.57%	6.78%	5.70%	4.06%	5.47%
Return on Net Nonoperating Assets (RNNOA)	5.13%	5.03%	7.22%	5.68%	5.02%	6.99%	4.85%	3.98%	3.15%	2.30%	3.09%
Return on Equity (ROE)	25.19%	19.32%	21.92%	20.75%	19.24%	18.35%	14.52%	13.47%	10.76%	8.27%	10.82%
Cash Return on Invested Capital (CROIC)	4.25%	-2.97%	-12.80%	-18.07%	-14.28%	-7.63%	-0.64%	7.81%	8.97%	7.53%	19.55%
Operating Return on Assets (OROA)	11.00%	10.88%	13.20%	11.65%	9.40%	12.09%	7.55%	6.29%	5.73%	4.53%	4.86%
Return on Assets (ROA)	9.75%	6.89%	8.89%	6.93%	5.50%	7.31%	3.91%	3.18%	2.86%	1.92%	2.78%
Return on Common Equity (ROCE)	25.19%	19.32%	21.92%	20.75%	19.24%	18.35%	14.52%	13.47%	10.76%	8.27%	10.82%
Return on Equity Simple (ROE_SIMPLE)	0.00%	19.04%	19.38%	18.60%	0.00%	16.50%	13.37%	11.45%	0.00%	6.92%	6.56%
Net Operating Profit after Tax (NOPAT)	283	218	241	241	231	193	181	166	134	112	150
NOPAT Margin	4.44%	3.23%	3.58%	3.70%	3.53%	3.04%	2.92%	2.93%	2.41%	2.00%	2.65%
Net Nonoperating Expense Percent (NNEP)	2.90%	2.01%	-0.16%	2.65%	3.60%	-0.64%	2.10%	2.72%	1.91%	1.91%	2.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.14%	-	-	-	2.02%
Cost of Revenue to Revenue	87.77%	88.62%	88.33%	87.54%	87.52%	88.19%	88.62%	88.16%	88.44%	89.16%	89.48%
SG&A Expenses to Revenue	7.77%	7.08%	7.22%	7.65%	7.72%	7.69%	7.49%	8.27%	8.09%	7.83%	7.72%
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	7.77%	7.08%	7.22%	7.65%	8.15%	7.80%	7.57%	8.47%	8.60%	8.30%	7.78%
Earnings before Interest and Taxes (EBIT)	279	291	362	315	265	346	228	175	166	139	153
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	316	326	397	350	303	381	262	211	202	173	183
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	0.81	0.83	0.86	0.95	0.89	0.89	0.89	0.94	0.95	0.95
Price to Tangible Book Value (P/TBV)	1.14	0.99	1.00	1.04	1.13	1.06	1.05	1.06	1.12	1.14	1.13
Price to Revenue (P/Rev)	0.16	0.13	0.14	0.15	0.17	0.16	0.17	0.18	0.20	0.21	0.20
Price to Earnings (P/E)	5.66	4.27	4.27	4.64	5.83	5.40	6.64	7.80	9.33	13.75	14.48
Dividend Yield	2.49%	3.04%	2.75%	2.58%	2.36%	2.51%	2.44%	2.47%	2.41%	2.32%	2.42%
Earnings Yield	17.66%	23.41%	23.44%	21.56%	17.15%	18.52%	15.06%	12.83%	10.72%	7.27%	6.91%
Enterprise Value to Invested Capital (EV/IC)	0.95	0.88	0.89	0.92	0.97	0.93	0.93	0.93	0.96	0.97	0.97
Enterprise Value to Revenue (EV/Rev)	0.22	0.22	0.25	0.26	0.27	0.28	0.30	0.29	0.30	0.32	0.31
Enterprise Value to EBITDA (EV/EBITDA)	4.94	4.58	4.83	4.98	5.28	5.02	5.88	6.21	6.86	8.82	9.10
Enterprise Value to EBIT (EV/EBIT)	5.76	5.23	5.41	5.55	5.89	5.58	6.60	7.08	7.91	10.56	11.06
Enterprise Value to NOPAT (EV/NOPAT)	6.89	6.36	6.92	7.04	7.81	7.95	9.03	9.42	10.87	12.64	12.45
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	45.06	11.06	10.50	8.93	5.75
Enterprise Value to Free Cash Flow (EV/FCFF)	23.57	0.00	0.00	0.00	0.00	0.00	0.00	12.05	10.74	12.87	4.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.38	0.58	0.72	0.67	0.64	0.66	0.69	0.59	0.59	0.59	0.53
Long-Term Debt to Equity	0.34	0.45	0.67	0.65	0.63	0.64	0.55	0.48	0.49	0.48	0.53
Financial Leverage	0.30	0.41	0.49	0.46	0.47	0.58	0.64	0.59	0.55	0.57	0.57
Leverage Ratio	2.33	2.47	2.49	2.46	2.56	2.67	2.64	2.54	2.55	2.56	2.53
Compound Leverage Factor	2.08	2.09	2.09	1.90	1.83	2.12	1.78	1.48	1.56	1.37	1.50
Debt to Total Capital	27.77%	36.78%	41.86%	40.15%	39.16%	39.67%	40.78%	37.20%	37.05%	36.97%	34.66%
Short-Term Debt to Total Capital	3.00%	8.07%	2.75%	0.99%	0.90%	0.86%	8.23%	6.90%	6.30%	6.56%	0.04%
Long-Term Debt to Total Capital	24.76%	28.71%	39.11%	39.16%	38.26%	38.81%	32.55%	30.29%	30.76%	30.41%	34.63%
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	72.23%	63.22%	58.14%	59.85%	60.84%	60.33%	59.22%	62.80%	62.95%	63.03%	65.34%
Debt to EBITDA	1.48	1.94	2.36	2.24	2.22	2.22	2.66	2.55	2.75	3.49	3.34
Net Debt to EBITDA	1.34	1.87	2.12	2.10	2.01	2.02	2.45	2.36	2.45	3.17	3.12
Long-Term Debt to EBITDA	1.32	1.51	2.21	2.18	2.17	2.17	2.12	2.08	2.28	2.87	3.34
Debt to NOPAT	2.07	2.69	3.38	3.16	3.29	3.51	4.09	3.87	4.35	4.99	4.57
Net Debt to NOPAT	1.87	2.60	3.04	2.97	2.98	3.20	3.76	3.58	3.89	4.54	4.26
Long-Term Debt to NOPAT	1.84	2.10	3.16	3.08	3.21	3.43	3.26	3.15	3.61	4.11	4.57
Altman Z-Score	3.74	3.60	3.59	3.60	3.55	3.50	3.33	3.41	3.37	3.20	3.32
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	2.09	2.04	2.54	2.63	2.53	2.54	2.34	2.33	2.32	2.25	2.39
Quick Ratio	1.05	1.00	1.26	1.22	1.19	1.16	1.00	1.01	1.05	1.02	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-269	-823	-1,524	-1,914	-1,640	-1,245	-712	-1.01	142	102	1,096
Operating Cash Flow to CapEx	-1,313.26%	-2,287.11%	-386.11%	69.25%	412.41%	-54.27%	-51.56%	1,185.38%	1,044.06%	334.61%	1,150.68%
Free Cash Flow to Firm to Interest Expense	-8.98	-18.25	-25.81	-26.70	-21.85	-17.58	-9.58	-0.01	2.21	1.58	17.56
Operating Cash Flow to Interest Expense	-6.67	-14.31	-5.44	0.25	3.12	-0.58	-0.57	6.79	4.27	1.65	5.41
Operating Cash Flow Less CapEx to Interest Expense	-7.17	-14.93	-6.86	-0.11	2.37	-1.66	-1.67	6.22	3.86	1.16	4.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.52	2.52	2.45	2.41	2.32	2.21	2.05	2.03	1.92	1.82	1.80
Accounts Receivable Turnover	6.17	6.13	5.94	5.97	5.85	5.64	5.51	5.51	5.19	4.98	5.04
Inventory Turnover	5.71	5.64	5.44	5.14	4.81	4.41	4.06	3.93	3.84	3.59	3.51
Fixed Asset Turnover	71.12	78.15	73.50	72.83	70.13	67.76	54.37	51.46	47.06	43.65	39.86
Accounts Payable Turnover	7.32	7.55	7.99	7.60	6.86	6.64	7.02	6.75	6.25	5.80	5.76
Days Sales Outstanding (DSO)	59.13	59.54	61.46	61.18	62.34	64.77	66.26	66.26	70.33	73.36	72.48
Days Inventory Outstanding (DIO)	63.96	64.67	67.03	71.04	75.87	82.74	89.84	92.94	95.06	101.71	103.90
Days Payable Outstanding (DPO)	49.87	48.34	45.66	48.01	53.18	54.94	51.97	54.07	58.42	62.92	63.38
Cash Conversion Cycle (CCC)	73.22	75.87	82.84	84.21	85.03	92.57	104.13	105.13	106.97	112.14	113.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,651	6,277	7,294	7,559	7,522	7,714	8,187	7,726	7,514	7,725	7,242
Invested Capital Turnover	4.52	4.43	4.11	4.07	4.03	3.73	3.31	3.24	3.16	2.98	2.91
Increase / (Decrease) in Invested Capital	552	1,041	1,764	2,155	1,871	1,437	893	167	-8.20	11	-946
Enterprise Value (EV)	5,379	5,527	6,526	6,924	7,266	7,190	7,625	7,191	7,242	7,476	6,999
Market Capitalization	3,921	3,269	3,662	4,000	4,496	4,298	4,448	4,454	4,654	4,789	4,601
Book Value per Share	$42.92	$42.46	$48.40	$50.73	$51.99	$52.71	$55.37	$55.21	$54.50	$57.17	$55.71
Tangible Book Value per Share	$35.15	$35.02	$40.15	$42.29	$43.45	$44.41	$46.67	$46.57	$45.86	$47.88	$46.82
Total Capital	5,805	6,358	7,619	7,745	7,810	7,993	8,460	7,944	7,825	7,993	7,414
Total Debt	1,612	2,339	3,189	3,109	3,059	3,171	3,450	2,955	2,899	2,955	2,570
Total Long-Term Debt	1,437	1,826	2,980	3,033	2,988	3,102	2,754	2,406	2,407	2,431	2,567
Net Debt	1,458	2,258	2,864	2,923	2,770	2,892	3,177	2,736	2,588	2,687	2,398
Capital Expenditures (CapEx)	15	28	83	26	57	76	82	42	26	32	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,646	5,283	6,131	6,364	6,284	6,411	6,797	6,323	6,087	6,188	5,697
Debt-free Net Working Capital (DFNWC)	4,799	5,364	6,455	6,550	6,572	6,689	7,070	6,542	6,398	6,455	5,869
Net Working Capital (NWC)	4,625	4,851	6,246	6,474	6,501	6,621	6,373	5,993	5,905	5,931	5,866
Net Nonoperating Expense (NNE)	36	34	-3.35	54	76	-16	64	77	51	53	63
Net Nonoperating Obligations (NNO)	1,458	2,258	2,864	2,923	2,770	2,892	3,177	2,736	2,588	2,687	2,398
Total Depreciation and Amortization (D&A)	37	36	35	35	38	35	34	35	36	34	30
Debt-free, Cash-free Net Working Capital to Revenue	19.11%	20.74%	23.28%	24.15%	23.68%	24.54%	26.54%	25.55%	25.62%	26.87%	25.34%
Debt-free Net Working Capital to Revenue	19.74%	21.05%	24.52%	24.85%	24.77%	25.61%	27.61%	26.43%	26.93%	28.04%	26.10%
Net Working Capital to Revenue	19.02%	19.04%	23.72%	24.56%	24.50%	25.35%	24.89%	24.22%	24.86%	25.76%	26.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.52	$1.96	$2.67	$2.05	$1.69	$2.29	$1.31	$0.98	$0.93	$0.67	$1.00
Adjusted Weighted Average Basic Shares Outstanding	98.66M	94.05M	91.19M	91.44M	92.04M	91.50M	90.25M	90.43M	90.57M	88.09M	86.85M
Adjusted Diluted Earnings per Share	$2.50	$1.93	$2.63	$2.03	$1.67	$2.25	$1.28	$0.97	$0.93	$0.66	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	99.82M	95.64M	92.76M	92.46M	93.37M	93.18M	91.79M	91.26M	91.84M	89.39M	88.33M
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	94.67M	91.52M	91.38M	91.40M	91.49M	90.49M	90.36M	90.38M	88.11M	86.94M	86.50M
Normalized Net Operating Profit after Tax (NOPAT)	283	218	241	241	254	198	185	176	157	133	154
Normalized NOPAT Margin	4.44%	3.23%	3.58%	3.70%	3.88%	3.13%	2.99%	3.11%	2.82%	2.37%	2.72%
Pre Tax Income Margin	3.90%	3.64%	4.51%	3.74%	2.90%	4.35%	2.47%	1.80%	1.82%	1.33%	1.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.29	6.45	6.14	4.40	3.54	4.89	3.07	2.39	2.58	2.16	2.45
NOPAT to Interest Expense	9.43	4.83	4.08	3.37	3.08	2.72	2.44	2.25	2.08	1.74	2.41
EBIT Less CapEx to Interest Expense	8.78	5.82	4.73	4.03	2.78	3.82	1.96	1.81	2.17	1.67	1.98
NOPAT Less CapEx to Interest Expense	8.92	4.20	2.67	3.00	2.32	1.65	1.34	1.68	1.68	1.25	1.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.22%	13.27%	12.13%	12.18%	13.79%	13.53%	16.30%	19.37%	22.45%	32.29%	35.64%
Augmented Payout Ratio	40.86%	56.03%	54.08%	48.91%	42.56%	25.29%	29.20%	34.51%	55.08%	100.72%	107.69%

Frequently Asked Questions About Avnet's Financials

When does Avnet's financial year end?

According to the most recent income statement we have on file, Avnet's fiscal year ends in June. Their fiscal year 2024 ended on June 29, 2024.

How has Avnet's net income changed over the last 9 years?

Avnet's net income appears to be on an upward trend, with a most recent value of $498.70 million in 2024, falling from $571.91 million in 2015. The previous period was $770.83 million in 2023. Check out Avnet's forecast to explore projected trends and price targets.

What is Avnet's operating income?

Avnet's total operating income in 2024 was $844.37 million, based on the following breakdown:

Total Gross Profit: $2.77 billion
Total Operating Expenses: $1.92 billion

How has Avnet revenue changed over the last 9 years?

Over the last 9 years, Avnet's total revenue changed from $17.66 billion in 2015 to $23.76 billion in 2024, a change of 34.6%.

How much debt does Avnet have?

Avnet's total liabilities were at $7.28 billion at the end of 2024, a 5.7% decrease from 2023, and a 19.1% increase since 2015.

How much cash does Avnet have?

In the past 9 years, Avnet's cash and equivalents has ranged from $153.69 million in 2022 to $1.03 billion in 2016, and is currently $310.94 million as of their latest financial filing in 2024.

How has Avnet's book value per share changed over the last 9 years?

Over the last 9 years, Avnet's book value per share changed from 34.49 in 2015 to 54.50 in 2024, a change of 58.0%.

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This page (NASDAQ:AVT) was last updated on 5/5/2025 by MarketBeat.com Staff

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Avnet (AVT) Financials

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