Avnet (AVT) Financials

$49.72 -0.45 (-0.90%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$49.72 0.00 (-0.01%)

As of 05/23/2025 07:44 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Net Income / (Loss) Attributable to Common Shareholders	499	771	692	193	-31	176	-156	525	507	572
Consolidated Net Income / (Loss)	499	771	692	193	-31	176	-156	525	507	572
Net Income / (Loss) Continuing Operations	499	771	692	193	-31	176	-143	263	391	485
Total Pre-Tax Income	632	983	833	173	-130	237	145	310	478	572
Total Operating Income	844	1,187	939	281	-4.63	366	209	444	573	653
Total Gross Profit	2,766	3,182	2,965	2,241	2,063	2,486	2,527	2,369	2,078	2,210
Total Revenue	23,757	26,537	24,311	19,535	17,634	19,519	19,037	17,440	16,741	17,655
Operating Revenue	23,757	26,537	24,311	19,535	17,634	19,519	19,037	17,440	16,741	17,655
Total Cost of Revenue	20,991	23,355	21,345	17,294	15,571	17,032	16,510	15,071	14,663	15,445
Operating Cost of Revenue	20,991	23,355	21,345	17,294	15,571	17,032	16,510	15,071	14,663	15,445
Total Operating Expenses	1,922	1,995	2,026	1,959	2,068	2,120	2,318	1,926	1,505	1,557
Selling, General & Admin Expense	1,870	1,967	1,995	1,875	1,842	1,875	1,991	1,788	1,460	1,515
Other Operating Expenses / (Income)	0.00	0.00	26	0.00	0.00	-	-	-	-	-
Restructuring Charge	53	28	5.27	84	82	108	145	137	45	42
Total Other Income / (Expense), net	-212	-204	-106	-108	-125	-129	-64	-133	-95	-82
Interest Expense	283	251	100	89	123	135	93	100	92	87
Other Income / (Expense), net	71	47	-5.30	-19	-2.22	5.56	29	-34	-2.96	5.45
Income Tax Expense	134	212	141	-20	-99	60	288	47	87	86
Basic Earnings per Share	$5.51	$8.37	$7.02	$1.95	($0.31)	$1.61	($1.30)	$4.13	$3.87	$4.18
Weighted Average Basic Shares Outstanding	90.57M	92.04M	98.66M	99.26M	100.47M	109.82M	119.91M	127.03M	130.86M	136.69M
Diluted Earnings per Share	$5.43	$8.26	$6.94	$1.93	($0.31)	$1.59	($1.30)	$4.08	$3.80	$4.12
Weighted Average Diluted Shares Outstanding	91.84M	93.37M	99.82M	100.17M	100.47M	110.80M	119.91M	128.65M	133.17M	138.79M
Weighted Average Basic & Diluted Shares Outstanding	88.11M	91.49M	94.67M	99.50M	98.78M	109.50M	120.30M	127.20M	130.90M	136.80M
Cash Dividends to Common per Share	$1.24	$1.16	$1.00	$0.85	$0.84	$0.80	$0.74	$0.70	$0.68	$0.64

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	88	87	59	83	89	118	209	155	187	244	184
Consolidated Net Income / (Loss)	88	87	59	83	89	118	209	155	187	244	184
Net Income / (Loss) Continuing Operations	88	87	59	83	89	118	209	155	187	244	184
Total Pre-Tax Income	78	90	75	101	102	154	275	190	244	303	246
Total Operating Income	143	155	142	164	190	236	254	284	314	299	291
Total Gross Profit	588	596	607	643	669	706	748	818	812	784	768
Total Revenue	5,315	5,663	5,604	5,563	5,654	6,205	6,336	6,555	6,515	6,718	6,750
Operating Revenue	5,315	5,663	5,604	5,563	5,654	6,205	6,336	6,555	6,515	6,718	6,750
Total Cost of Revenue	4,728	5,067	4,997	4,920	4,984	5,499	5,588	5,737	5,703	5,933	5,982
Operating Cost of Revenue	4,728	5,067	4,997	4,920	4,984	5,499	5,588	5,737	5,703	5,933	5,982
Total Operating Expenses	445	441	465	479	479	470	494	534	498	485	478
Selling, General & Admin Expense	435	437	439	450	467	465	487	506	498	485	478
Restructuring Charge	9.11	3.79	26	28	12	5.24	7.05	28	0.00	0.00	0.00
Total Other Income / (Expense), net	-65	-65	-67	-63	-88	-83	22	-93	-70	4.16	-45
Interest Expense	61	62	64	64	73	74	71	75	72	59	45
Other Income / (Expense), net	-3.99	-2.65	-3.04	1.41	-15	-8.40	92	-18	1.65	63	0.32
Income Tax Expense	-9.78	3.03	16	19	13	36	66	35	56	59	62
Basic Earnings per Share	$1.02	$1.00	$0.67	$0.93	$0.98	$1.31	$2.29	$1.69	$2.05	$2.67	$1.96
Weighted Average Basic Shares Outstanding	86.01M	86.85M	88.09M	90.57M	90.43M	90.25M	91.50M	92.04M	91.44M	91.19M	94.05M
Diluted Earnings per Share	$1.01	$0.99	$0.66	$0.93	$0.97	$1.28	$2.25	$1.67	$2.03	$2.63	$1.93
Weighted Average Diluted Shares Outstanding	86.88M	88.33M	89.39M	91.84M	91.26M	91.79M	93.18M	93.37M	92.46M	92.76M	95.64M
Weighted Average Basic & Diluted Shares Outstanding	83.86M	86.50M	86.94M	88.11M	90.38M	90.36M	90.49M	91.49M	91.40M	91.38M	91.52M
Cash Dividends to Common per Share	$0.33	$0.33	$0.33	$0.31	$0.31	$0.31	$0.31	$0.29	$0.29	$0.29	$0.29

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Net Change in Cash & Equivalents	23	135	-46	-277	-69	-75	-215	-195	99	3.58
Net Cash From Operating Activities	690	-714	-219	91	730	535	253	-369	224	584
Net Cash From Continuing Operating Activities	690	-714	-219	91	730	535	253	221	-49	318
Net Income / (Loss) Continuing Operations	499	771	692	193	-31	176	-143	263	391	485
Consolidated Net Income / (Loss)	499	771	692	193	-31	176	-156	525	507	572
Depreciation Expense	87	89	102	91	101	97	143	101	70	66
Amortization Expense	54	54	53	98	142	84	91	54	9.25	16
Non-Cash Adjustments To Reconcile Net Income	49	91	71	67	218	205	255	77	86	118
Changes in Operating Assets and Liabilities, net	1.49	-1,718	-1,138	-358	301	-27	-93	-274	-606	-368
Net Cash From Investing Activities	-225	-212	51	-61	-135	-25	72	1,338	-153	-186
Net Cash From Continuing Investing Activities	-225	-212	51	-61	-135	-25	-164	-904	-122	-145
Purchase of Property, Plant & Equipment	-226	-195	-49	-50	-74	-123	-156	-120	-137	-133
Other Investing Activities, net	0.99	-17	100	7.55	-9.99	30	6.65	19	16	-12
Net Cash From Financing Activities	-434	1,055	156	-314	-645	-583	-542	-1,188	33	-341
Net Cash From Continuing Financing Activities	-434	1,055	156	-314	-645	-583	-542	-1,192	10	-297
Repayment of Debt	-46	722	-371	-547	-321	-62	-139	-1,682	-261	-122
Repurchase of Common Equity	-163	-222	-184	0.00	-238	-569	-324	-276	-381	-160
Payment of Dividends	-112	-106	-98	-84	-84	-87	-88	-89	-89	-87
Issuance of Debt	-113	660	810	318	-2.12	135	8.85	855	741	72
Effect of Exchange Rate Changes	-7.99	5.04	-	6.91	-20	-1.90	1.42	23	-6.23	-53

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	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	17	-95	-43	92	-54	-5.83	-9.55	102	-139	244	-73
Net Cash From Operating Activities	141	338	106	274	499	-42	-41	235	18	-321	-645
Net Cash From Continuing Operating Activities	141	338	106	274	499	-42	-41	235	18	-321	-645
Net Income / (Loss) Continuing Operations	88	87	59	83	89	118	209	155	187	244	184
Consolidated Net Income / (Loss)	88	87	59	83	89	118	209	155	187	244	184
Depreciation Expense	16	17	20	23	21	21	22	24	21	24	20
Amortization Expense	13	13	14	14	14	13	13	14	14	11	16
Non-Cash Adjustments To Reconcile Net Income	15	12	30	14	-12	58	-11	53	9.51	11	17
Changes in Operating Assets and Liabilities, net	8.73	209	-17	141	387	-252	-275	-12	-214	-611	-882
Net Cash From Investing Activities	-17	-29	-31	-26	-42	-82	-76	-57	-26	-107	-21
Net Cash From Continuing Investing Activities	-17	-29	-31	-26	-42	-82	-76	-57	-26	-107	-21
Purchase of Property, Plant & Equipment	-27	-29	-32	-26	-42	-82	-76	-57	-26	-83	-28
Other Investing Activities, net	10	0.02	0.33	0.37	0.26	0.07	0.30	-0.55	-0.05	-24	7.30
Net Cash From Financing Activities	-101	-403	-109	-149	-507	122	100	-68	-134	668	588
Net Cash From Continuing Financing Activities	-101	-403	-109	-149	-507	122	100	-68	-134	668	588
Repayment of Debt	-106	-309	-8.41	11	-60	31	245	-32	755	85	-86
Repurchase of Common Equity	-101	-52	-100	-77	-	-62	-24	-0.45	-	-69	-152
Payment of Dividends	-28	-29	-29	-28	-28	-28	-28	-27	-27	-26	-27
Issuance of Debt	134	-14	28	-56	-419	181	-92	-8.95	-863	678	854
Effect of Exchange Rate Changes	-6.42	-	-	-6.57	-4.73	-4.07	7.38	-7.13	3.39	3.92	4.86

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Total Assets	12,209	12,477	10,389	8,925	8,105	8,565	9,597	9,700	11,240	10,800
Total Current Assets	10,371	10,751	8,877	7,163	6,329	6,876	7,611	7,534	9,004	8,585
Cash & Equivalents	311	288	154	200	477	546	621	836	1,031	933
Accounts Receivable	4,391	4,764	4,301	3,576	2,928	3,168	3,641	3,338	2,770	5,054
Inventories, net	5,469	5,465	4,244	3,237	2,732	3,008	3,142	2,825	2,560	2,482
Prepaid Expenses	200	234	178	151	191	153	207	254	74	116
Plant, Property, & Equipment, net	568	442	315	368	405	452	523	520	453	569
Total Noncurrent Assets	1,270	1,285	1,197	1,394	1,372	1,236	1,463	1,646	1,783	1,646
Goodwill	781	781	759	838	774	877	981	1,148	622	1,279
Other Noncurrent Operating Assets	489	504	438	527	533	216	263	221	239	268
Total Liabilities & Shareholders' Equity	12,209	12,477	10,389	8,925	8,105	8,565	9,597	9,700	11,240	10,800
Total Liabilities	7,284	7,725	6,196	4,841	4,379	4,424	4,912	4,518	6,549	6,115
Total Current Liabilities	4,465	4,249	4,252	3,055	2,280	2,579	2,969	2,454	4,942	4,272
Short-Term Debt	493	71	174	23	0.05	301	165	50	1,153	331
Accounts Payable	3,346	3,374	3,432	2,401	1,754	1,864	2,269	1,862	1,591	3,338
Accrued Expenses	573	753	591	572	473	414	535	542	395	603
Other Current Liabilities	54	52	55	58	53	0.00	-	-	-	-
Total Noncurrent Liabilities	2,818	3,476	1,944	1,786	2,098	1,846	1,942	2,064	1,606	1,843
Long-Term Debt	2,407	2,988	1,437	1,191	1,425	1,420	1,489	1,729	1,339	1,647
Other Noncurrent Operating Liabilities	412	488	507	595	674	426	453	335	223	196
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	4,926	4,752	4,193	4,084	3,726	4,140	4,685	5,182	4,691	4,685
Total Preferred & Common Equity	4,926	4,752	4,193	4,084	3,726	4,140	4,685	5,182	4,691	4,685
Total Common Equity	4,926	4,752	4,193	4,084	3,726	4,140	4,685	5,182	4,691	4,685
Common Stock	1,810	1,783	1,753	1,722	1,693	1,677	1,645	1,627	1,580	1,544
Retained Earnings	3,602	3,378	2,921	2,516	2,422	2,767	3,236	3,799	3,632	3,583
Accumulated Other Comprehensive Income / (Loss)	-487	-409	-481	-154	-388	-304	-195	-244	-521	-441

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 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	3/30/2024	12/30/2023	9/30/2023	4/1/2023	12/31/2022	10/1/2022	4/2/2022
Total Assets	11,712	11,943	12,598	12,325	12,997	12,646	12,109	11,930	10,968	9,782
Total Current Assets	9,795	10,072	10,679	10,486	11,139	10,911	10,444	10,304	9,510	8,218
Cash & Equivalents	189	172	268	218	273	279	186	325	81	199
Accounts Receivable	4,095	4,421	4,576	4,315	4,509	4,680	4,671	4,789	4,591	4,165
Inventories, net	5,270	5,252	5,614	5,752	6,116	5,755	5,354	4,973	4,655	3,681
Prepaid Expenses	241	226	222	200	241	198	233	216	183	173
Plant, Property, & Equipment, net	579	564	584	562	564	471	400	378	300	323
Total Noncurrent Assets	1,338	1,306	1,334	1,278	1,294	1,264	1,265	1,248	1,158	1,241
Goodwill	795	774	819	781	787	760	771	755	704	805
Other Noncurrent Operating Assets	543	533	515	497	507	505	495	493	455	419
Total Liabilities & Shareholders' Equity	11,712	11,943	12,598	12,325	12,997	12,646	12,109	11,930	10,968	9,782
Total Liabilities	6,827	7,099	7,560	7,336	7,987	7,824	7,474	7,500	6,949	5,525
Total Current Liabilities	4,014	4,206	4,748	4,493	4,766	4,290	3,970	4,058	4,659	4,066
Short-Term Debt	145	2.60	524	549	696	69	76	209	513	424
Accounts Payable	3,319	3,626	3,588	3,324	3,308	3,446	3,137	3,107	3,467	2,969
Accrued Expenses	495	524	580	565	706	722	705	689	625	616
Other Current Liabilities	56	53	56	55	55	54	52	53	55	57
Total Noncurrent Liabilities	2,813	2,893	2,812	2,843	3,221	3,534	3,504	3,443	2,290	1,459
Long-Term Debt	2,494	2,567	2,431	2,406	2,754	3,102	3,033	2,980	1,826	922
Other Noncurrent Operating Liabilities	319	326	381	437	468	432	471	463	464	537
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	4,885	4,844	5,038	4,989	5,010	4,823	4,636	4,430	4,019	4,257
Total Preferred & Common Equity	4,885	4,844	5,038	4,989	5,010	4,823	4,636	4,430	4,019	4,257
Total Common Equity	4,885	4,844	5,038	4,989	5,010	4,823	4,636	4,430	4,019	4,257
Common Stock	1,832	1,833	1,823	1,800	1,804	1,793	1,770	1,770	1,758	1,743
Retained Earnings	3,501	3,542	3,534	3,625	3,564	3,533	3,250	3,089	2,934	2,800
Accumulated Other Comprehensive Income / (Loss)	-448	-531	-319	-436	-357	-503	-384	-429	-673	-286

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020	6/29/2019	6/30/2018	7/1/2017	7/2/2016	6/27/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.48%	9.16%	24.45%	10.78%	-9.65%	2.53%	9.16%	4.18%	-5.18%	-35.80%
EBITDA Growth	-23.32%	26.43%	141.39%	91.10%	-57.26%	16.84%	-16.39%	-12.96%	-12.32%	-21.46%
EBIT Growth	-25.83%	32.13%	255.83%	3,934.60%	-101.84%	56.20%	-41.99%	-28.07%	-13.46%	-18.28%
NOPAT Growth	-28.45%	19.30%	148.26%	9,800.43%	-101.19%	232.35%	-154.74%	-19.65%	-15.54%	-9.76%
Net Income Growth	-35.30%	11.33%	258.53%	721.32%	-117.63%	212.73%	-129.78%	3.70%	-11.43%	4.82%
EPS Growth	-34.26%	19.02%	259.59%	722.58%	-119.50%	222.31%	-131.86%	7.37%	-7.77%	5.91%
Operating Cash Flow Growth	196.68%	-225.43%	-341.14%	-87.54%	36.54%	110.97%	168.75%	-264.36%	-61.58%	145.93%
Free Cash Flow Firm Growth	171.69%	-512.13%	306.62%	-117.33%	-5.77%	935.79%	91.35%	-156.13%	93.86%	999.65%
Invested Capital Growth	-0.11%	33.11%	10.83%	9.09%	-12.05%	-7.06%	-2.14%	28.95%	-20.91%	-5.06%
Revenue Q/Q Growth	-4.01%	0.69%	4.95%	5.78%	-2.87%	-1.90%	2.44%	4.24%	78.65%	-37.34%
EBITDA Q/Q Growth	-8.79%	-0.88%	16.87%	25.13%	31.67%	-22.22%	8.93%	-1.10%	25.13%	-23.74%
EBIT Q/Q Growth	-9.84%	-1.05%	21.22%	67.46%	86.34%	-29.02%	23.49%	-9.05%	17.81%	-20.76%
NOPAT Q/Q Growth	-12.75%	-5.41%	28.72%	-22.64%	87.35%	-23.00%	-5.24%	2.02%	4.26%	-20.15%
Net Income Q/Q Growth	-12.71%	-10.62%	30.41%	20.76%	72.99%	-33.90%	-17.09%	-2.84%	-10.89%	-4.59%
EPS Q/Q Growth	-11.99%	-9.13%	30.94%	19.88%	72.32%	-33.19%	-12.07%	-1.92%	-9.74%	-4.19%
Operating Cash Flow Q/Q Growth	6.11%	37.84%	-74.06%	-81.25%	-6.05%	22.72%	252.53%	-43.21%	-62.39%	83.57%
Free Cash Flow Firm Q/Q Growth	13.00%	19.71%	1,562.54%	-123.80%	-21.97%	-1.01%	89.50%	-199.07%	816.30%	12.08%
Invested Capital Q/Q Growth	-2.74%	-0.49%	4.58%	5.98%	-4.00%	-6.94%	-5.33%	6.92%	-24.98%	-0.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.64%	11.99%	12.20%	11.47%	11.70%	12.74%	13.28%	13.59%	12.41%	12.52%
EBITDA Margin	4.44%	5.19%	4.48%	2.31%	1.34%	2.83%	2.48%	3.24%	3.88%	4.20%
Operating Margin	3.55%	4.47%	3.86%	1.44%	-0.03%	1.87%	1.10%	2.54%	3.42%	3.70%
EBIT Margin	3.85%	4.65%	3.84%	1.34%	-0.04%	1.90%	1.25%	2.35%	3.40%	3.73%
Profit (Net Income) Margin	2.10%	2.90%	2.85%	0.99%	-0.18%	0.90%	-0.82%	3.01%	3.03%	3.24%
Tax Burden Percent	78.88%	78.43%	83.09%	111.67%	23.99%	74.53%	-107.82%	169.22%	105.97%	100.07%
Interest Burden Percent	69.09%	79.67%	89.25%	65.90%	1,893.69%	63.69%	61.00%	75.71%	83.87%	86.78%
Effective Tax Rate	21.12%	21.57%	16.91%	-11.67%	0.00%	25.47%	198.49%	15.16%	18.22%	15.07%
Return on Invested Capital (ROIC)	8.86%	14.13%	14.52%	6.43%	-0.06%	4.94%	-3.56%	7.26%	9.13%	9.43%
ROIC Less NNEP Spread (ROIC-NNEP)	2.61%	6.57%	7.41%	-5.91%	-2.69%	-3.79%	2.29%	66.56%	17.72%	11.00%
Return on Net Nonoperating Assets (RNNOA)	1.45%	3.10%	2.22%	-1.49%	-0.73%	-0.95%	0.39%	3.38%	1.67%	2.52%
Return on Equity (ROE)	10.31%	17.24%	16.73%	4.94%	-0.79%	4.00%	-3.17%	10.64%	10.80%	11.95%
Cash Return on Invested Capital (CROIC)	8.97%	-14.28%	4.25%	-2.26%	12.76%	12.26%	-1.40%	-18.03%	32.49%	14.62%
Operating Return on Assets (OROA)	7.41%	10.79%	9.67%	3.08%	-0.08%	4.09%	2.47%	3.92%	5.17%	5.97%
Return on Assets (ROA)	4.04%	6.74%	7.17%	2.27%	-0.37%	1.94%	-1.62%	5.02%	4.60%	5.19%
Return on Common Equity (ROCE)	10.31%	17.24%	16.73%	4.94%	-0.79%	4.00%	-3.17%	10.64%	10.80%	11.95%
Return on Equity Simple (ROE_SIMPLE)	10.12%	16.22%	16.51%	4.73%	-0.83%	4.26%	-3.34%	10.14%	10.80%	12.21%
Net Operating Profit after Tax (NOPAT)	666	931	780	314	-3.24	273	-206	376	469	555
NOPAT Margin	2.80%	3.51%	3.21%	1.61%	-0.02%	1.40%	-1.08%	2.16%	2.80%	3.14%
Net Nonoperating Expense Percent (NNEP)	6.24%	7.56%	7.10%	12.35%	2.62%	8.73%	-5.86%	-59.30%	-8.59%	-1.57%
Cost of Revenue to Revenue	88.36%	88.01%	87.80%	88.53%	88.30%	87.26%	86.72%	86.41%	87.59%	87.48%
SG&A Expenses to Revenue	7.87%	7.41%	8.21%	9.60%	10.45%	9.60%	10.46%	10.25%	8.72%	8.58%
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	8.09%	7.52%	8.34%	10.03%	11.73%	10.86%	12.18%	11.04%	8.99%	8.82%
Earnings before Interest and Taxes (EBIT)	915	1,234	934	262	-6.84	371	238	410	570	659
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,056	1,377	1,089	451	236	552	473	565	650	741
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	0.95	0.94	0.90	0.62	1.03	0.94	0.80	0.92	1.00
Price to Tangible Book Value (P/TBV)	1.12	1.13	1.14	1.15	0.81	1.36	1.26	1.10	1.07	1.42
Price to Revenue (P/Rev)	0.20	0.17	0.16	0.19	0.13	0.22	0.23	0.24	0.26	0.27
Price to Earnings (P/E)	9.33	5.83	5.66	19.12	0.00	24.08	0.00	7.87	8.55	8.23
Dividend Yield	2.41%	2.36%	2.49%	2.29%	3.57%	2.00%	1.99%	2.12%	2.02%	1.85%
Earnings Yield	10.72%	17.15%	17.66%	5.23%	0.00%	4.15%	0.00%	12.70%	11.70%	12.15%
Enterprise Value to Invested Capital (EV/IC)	0.96	0.97	0.95	0.92	0.70	1.02	0.95	0.82	1.28	1.00
Enterprise Value to Revenue (EV/Rev)	0.30	0.27	0.22	0.24	0.19	0.28	0.28	0.28	0.35	0.33
Enterprise Value to EBITDA (EV/EBITDA)	6.86	5.28	4.94	10.43	13.87	9.82	11.46	8.48	8.92	7.77
Enterprise Value to EBIT (EV/EBIT)	7.91	5.89	5.76	17.94	0.00	14.59	22.78	11.70	10.16	8.73
Enterprise Value to NOPAT (EV/NOPAT)	10.87	7.81	6.89	14.98	0.00	19.88	0.00	12.74	12.36	10.37
Enterprise Value to Operating Cash Flow (EV/OCF)	10.50	0.00	0.00	51.75	4.48	10.14	21.38	0.00	25.82	9.85
Enterprise Value to Free Cash Flow (EV/FCFF)	10.74	0.00	23.57	0.00	5.13	8.01	0.00	0.00	3.47	6.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.59	0.64	0.38	0.30	0.38	0.42	0.35	0.34	0.53	0.42
Long-Term Debt to Equity	0.49	0.63	0.34	0.29	0.38	0.34	0.32	0.33	0.29	0.35
Financial Leverage	0.55	0.47	0.30	0.25	0.27	0.25	0.17	0.05	0.09	0.23
Leverage Ratio	2.55	2.56	2.33	2.18	2.12	2.06	1.96	2.12	2.35	2.30
Compound Leverage Factor	1.76	2.04	2.08	1.44	40.13	1.31	1.19	1.61	1.97	2.00
Debt to Total Capital	37.05%	39.16%	27.77%	22.92%	27.66%	29.35%	26.10%	25.56%	34.69%	29.68%
Short-Term Debt to Total Capital	6.30%	0.90%	3.00%	0.44%	0.00%	5.13%	2.61%	0.72%	16.05%	4.97%
Long-Term Debt to Total Capital	30.76%	38.26%	24.76%	22.48%	27.66%	24.23%	23.49%	24.84%	18.64%	24.71%
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	62.95%	60.84%	72.23%	77.08%	72.34%	70.65%	73.90%	74.44%	65.31%	70.32%
Debt to EBITDA	2.75	2.22	1.48	2.69	6.04	3.12	3.50	3.15	3.84	2.67
Net Debt to EBITDA	2.45	2.01	1.34	2.25	4.02	2.13	2.19	1.17	2.25	1.41
Long-Term Debt to EBITDA	2.28	2.17	1.32	2.64	6.04	2.57	3.15	3.06	2.06	2.22
Debt to NOPAT	4.35	3.29	2.07	3.86	-439.82	6.31	-8.03	4.73	5.32	3.57
Net Debt to NOPAT	3.89	2.98	1.87	3.23	-292.57	4.31	-5.02	1.76	3.12	1.88
Long-Term Debt to NOPAT	3.61	3.21	1.84	3.79	-439.80	5.21	-7.23	4.59	2.86	2.97
Altman Z-Score	3.57	3.81	3.94	3.69	3.51	4.05	3.65	3.66	2.94	3.24
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	2.32	2.53	2.09	2.34	2.78	2.67	2.56	3.07	1.82	2.01
Quick Ratio	1.05	1.19	1.05	1.24	1.49	1.44	1.44	1.82	0.77	1.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	674	-940	228	-110	637	676	-81	-936	1,667	860
Operating Cash Flow to CapEx	304.66%	-366.61%	-448.49%	180.59%	993.23%	435.87%	162.62%	-306.23%	163.29%	437.84%
Free Cash Flow to Firm to Interest Expense	2.38	-3.75	2.27	-1.23	5.19	5.02	-0.87	-9.40	18.13	9.87
Operating Cash Flow to Interest Expense	2.44	-2.84	-2.18	1.02	5.95	3.97	2.73	-3.70	2.44	6.71
Operating Cash Flow Less CapEx to Interest Expense	1.64	-3.62	-2.67	0.45	5.35	3.06	1.05	-4.91	0.95	5.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.92	2.32	2.52	2.29	2.12	2.15	1.97	1.67	1.52	1.60
Accounts Receivable Turnover	5.19	5.85	6.17	6.01	5.78	5.73	5.46	5.71	4.28	3.44
Inventory Turnover	3.84	4.81	5.71	5.79	5.43	5.54	5.53	5.60	5.82	6.06
Fixed Asset Turnover	47.06	70.13	71.12	50.54	41.16	40.03	36.52	35.86	32.76	31.99
Accounts Payable Turnover	6.25	6.86	7.32	8.32	8.61	8.24	7.99	8.73	5.95	4.58
Days Sales Outstanding (DSO)	70.33	62.34	59.13	60.77	63.10	63.67	66.90	63.91	85.30	106.21
Days Inventory Outstanding (DIO)	95.06	75.87	63.96	62.99	67.28	65.90	65.95	65.21	62.76	60.21
Days Payable Outstanding (DPO)	58.42	53.18	49.87	43.85	42.41	44.29	45.67	41.81	61.35	79.64
Cash Conversion Cycle (CCC)	106.97	85.03	73.22	79.90	87.97	85.27	87.19	87.31	86.71	86.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,514	7,522	5,651	5,099	4,674	5,315	5,719	5,844	4,532	5,730
Invested Capital Turnover	3.16	4.03	4.52	4.00	3.53	3.54	3.29	3.36	3.26	3.00
Increase / (Decrease) in Invested Capital	-8.20	1,871	552	425	-641	-404	-125	1,312	-1,198	-305
Enterprise Value (EV)	7,242	7,266	5,379	4,707	3,273	5,421	5,418	4,796	5,791	5,752
Market Capitalization	4,654	4,496	3,921	3,692	2,325	4,247	4,385	4,135	4,330	4,707
Book Value per Share	$54.50	$51.99	$42.92	$41.05	$37.74	$38.95	$39.71	$41.46	$36.50	$34.49
Tangible Book Value per Share	$45.86	$43.45	$35.15	$32.34	$29.24	$29.35	$29.53	$30.05	$31.49	$24.34
Total Capital	7,825	7,810	5,805	5,299	5,151	5,861	6,340	6,961	7,183	6,663
Total Debt	2,899	3,059	1,612	1,214	1,425	1,720	1,655	1,779	2,492	1,978
Total Long-Term Debt	2,407	2,988	1,437	1,191	1,425	1,420	1,489	1,729	1,339	1,647
Net Debt	2,588	2,770	1,458	1,015	948	1,174	1,033	662	1,460	1,045
Capital Expenditures (CapEx)	226	195	49	50	74	123	156	120	137	133
Debt-free, Cash-free Net Working Capital (DFCFNWC)	6,087	6,284	4,646	3,932	3,571	4,052	4,185	4,012	4,183	3,711
Debt-free Net Working Capital (DFNWC)	6,398	6,572	4,799	4,131	4,048	4,598	4,807	5,130	5,214	4,644
Net Working Capital (NWC)	5,905	6,501	4,625	4,108	4,048	4,298	4,641	5,080	4,061	4,313
Net Nonoperating Expense (NNE)	167	160	88	121	28	96	-50	-149	-38	-17
Net Nonoperating Obligations (NNO)	2,588	2,770	1,458	1,015	948	1,174	1,033	662	-160	1,045
Total Depreciation and Amortization (D&A)	141	143	155	189	243	181	235	155	80	82
Debt-free, Cash-free Net Working Capital to Revenue	25.62%	23.68%	19.11%	20.13%	20.25%	20.76%	21.99%	23.01%	24.98%	21.02%
Debt-free Net Working Capital to Revenue	26.93%	24.77%	19.74%	21.15%	22.96%	23.56%	25.25%	29.42%	31.15%	26.30%
Net Working Capital to Revenue	24.86%	24.50%	19.02%	21.03%	22.96%	22.02%	24.38%	29.13%	24.26%	24.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.51	$8.37	$7.02	$1.95	($0.31)	$1.61	($1.30)	$4.13	$3.87	$4.18
Adjusted Weighted Average Basic Shares Outstanding	90.57M	92.04M	98.66M	99.26M	100.47M	109.82M	119.91M	127.03M	130.86M	136.69M
Adjusted Diluted Earnings per Share	$5.43	$8.26	$6.94	$1.93	($0.31)	$1.59	($1.30)	$4.08	$3.80	$4.12
Adjusted Weighted Average Diluted Shares Outstanding	91.84M	93.37M	99.82M	100.17M	100.47M	110.80M	119.91M	128.65M	133.17M	138.79M
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	88.11M	91.49M	94.67M	99.50M	98.78M	103.62M	115.76M	123.06M	127.37M	134.46M
Normalized Net Operating Profit after Tax (NOPAT)	707	953	785	256	155	456	375	493	505	590
Normalized NOPAT Margin	2.98%	3.59%	3.23%	1.31%	0.88%	2.33%	1.97%	2.83%	3.02%	3.34%
Pre Tax Income Margin	2.66%	3.70%	3.43%	0.89%	-0.73%	1.21%	0.76%	1.78%	2.86%	3.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.24	4.92	9.30	2.93	-0.06	2.75	2.56	4.12	6.20	7.56
NOPAT to Interest Expense	2.35	3.71	7.77	3.51	-0.03	2.02	-2.22	3.78	5.10	6.37
EBIT Less CapEx to Interest Expense	2.43	4.14	8.82	2.37	-0.65	1.84	0.88	2.91	4.71	6.03
NOPAT Less CapEx to Interest Expense	1.55	2.93	7.29	2.95	-0.63	1.11	-3.90	2.57	3.60	4.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.45%	13.79%	14.22%	43.66%	-270.18%	49.43%	-56.42%	16.88%	17.49%	15.27%
Augmented Payout Ratio	55.08%	42.56%	40.86%	43.66%	-1,035.41%	371.94%	-263.24%	69.40%	92.70%	43.24%

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.98%	-8.73%	-11.55%	-15.13%	-13.22%	-7.63%	-6.14%	2.86%	0.41%	14.53%	20.87%
EBITDA Growth	-20.19%	-30.10%	-54.60%	-33.51%	-39.79%	-33.96%	16.73%	-3.87%	12.33%	56.89%	56.45%
EBIT Growth	-20.62%	-32.99%	-59.80%	-37.62%	-44.35%	-37.08%	19.04%	-4.70%	15.09%	69.70%	73.30%
NOPAT Growth	-2.73%	-17.27%	-41.81%	-42.09%	-31.34%	-24.57%	-11.49%	-18.18%	18.92%	44.50%	68.64%
Net Income Growth	-1.03%	-26.01%	-71.83%	-46.75%	-52.60%	-51.65%	13.57%	-37.10%	2.19%	61.71%	65.53%
EPS Growth	4.12%	-22.66%	-70.67%	-44.31%	-52.22%	-51.33%	16.58%	-33.20%	10.33%	75.33%	75.45%
Operating Cash Flow Growth	-71.79%	899.00%	357.48%	16.93%	2,634.42%	86.84%	93.60%	217.33%	-92.51%	-38.37%	-1,983.28%
Free Cash Flow Firm Growth	54,732.91%	253.93%	108.16%	108.67%	99.95%	53.28%	-51.24%	-509.02%	-391.46%	-145.07%	-82.73%
Invested Capital Growth	-5.06%	-11.55%	0.14%	-0.11%	2.21%	12.25%	22.90%	33.11%	39.89%	31.90%	19.88%
Revenue Q/Q Growth	-6.14%	1.06%	0.74%	-1.60%	-8.89%	-2.06%	-3.34%	0.61%	-3.02%	-0.48%	5.92%
EBITDA Q/Q Growth	-8.11%	5.86%	-14.26%	-4.30%	-19.53%	-31.24%	25.56%	-13.34%	-11.74%	21.55%	3.39%
EBIT Q/Q Growth	-8.79%	9.70%	-15.95%	-5.61%	-23.00%	-34.19%	30.43%	-15.81%	-12.94%	24.51%	4.43%
NOPAT Q/Q Growth	7.37%	33.80%	-16.25%	-19.15%	-8.68%	-5.89%	-16.64%	-4.15%	0.32%	10.42%	-22.95%
Net Income Q/Q Growth	0.76%	48.00%	-28.68%	-6.94%	-24.67%	-43.65%	34.79%	-17.16%	-23.15%	32.36%	-25.35%
EPS Q/Q Growth	2.02%	50.00%	-29.03%	-4.12%	-24.22%	-43.11%	34.73%	-17.73%	-22.81%	36.27%	-22.80%
Operating Cash Flow Q/Q Growth	-58.30%	217.73%	-61.23%	-45.07%	1,280.92%	-2.39%	-117.61%	1,184.44%	105.68%	50.19%	-222.75%
Free Cash Flow Firm Q/Q Growth	-49.65%	978.48%	-28.53%	14,175.87%	99.86%	42.81%	24.10%	14.32%	-25.63%	-85.14%	-205.63%
Invested Capital Q/Q Growth	1.29%	-6.26%	2.81%	-2.74%	-5.64%	6.13%	2.56%	-0.49%	3.63%	16.20%	11.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.06%	10.52%	10.84%	11.56%	11.84%	11.38%	11.81%	12.48%	12.46%	11.67%	11.38%
EBITDA Margin	3.17%	3.23%	3.09%	3.63%	3.73%	4.22%	6.01%	4.63%	5.38%	5.91%	4.84%
Operating Margin	2.70%	2.74%	2.54%	2.95%	3.36%	3.81%	4.01%	4.33%	4.81%	4.45%	4.30%
EBIT Margin	2.62%	2.70%	2.48%	2.98%	3.10%	3.67%	5.46%	4.05%	4.84%	5.39%	4.31%
Profit (Net Income) Margin	1.65%	1.54%	1.05%	1.49%	1.57%	1.90%	3.30%	2.37%	2.88%	3.63%	2.73%
Tax Burden Percent	112.51%	96.64%	78.88%	81.59%	87.14%	76.80%	75.98%	81.54%	76.94%	80.45%	74.98%
Interest Burden Percent	56.11%	59.13%	53.70%	61.19%	58.11%	67.39%	79.55%	71.72%	77.26%	83.70%	84.49%
Effective Tax Rate	-12.51%	3.36%	21.12%	18.42%	12.86%	23.20%	24.02%	18.46%	23.06%	19.55%	25.02%
Return on Invested Capital (ROIC)	8.92%	7.73%	5.97%	7.61%	9.49%	9.67%	11.36%	14.22%	15.06%	14.70%	14.28%
ROIC Less NNEP Spread (ROIC-NNEP)	6.09%	5.47%	4.06%	5.70%	6.78%	7.57%	12.00%	10.62%	12.41%	14.86%	12.28%
Return on Net Nonoperating Assets (RNNOA)	3.20%	3.09%	2.30%	3.15%	3.98%	4.85%	6.99%	5.02%	5.68%	7.22%	5.03%
Return on Equity (ROE)	12.12%	10.82%	8.27%	10.76%	13.47%	14.52%	18.35%	19.24%	20.75%	21.92%	19.32%
Cash Return on Invested Capital (CROIC)	12.58%	19.55%	7.53%	8.97%	7.81%	-0.64%	-7.63%	-14.28%	-18.07%	-12.80%	-2.97%
Operating Return on Assets (OROA)	4.83%	4.86%	4.53%	5.73%	6.29%	7.55%	12.09%	9.40%	11.65%	13.20%	10.88%
Return on Assets (ROA)	3.05%	2.78%	1.92%	2.86%	3.18%	3.91%	7.31%	5.50%	6.93%	8.89%	6.89%
Return on Common Equity (ROCE)	12.12%	10.82%	8.27%	10.76%	13.47%	14.52%	18.35%	19.24%	20.75%	21.92%	19.32%
Return on Equity Simple (ROE_SIMPLE)	6.49%	6.56%	6.92%	0.00%	11.45%	13.37%	16.50%	0.00%	18.60%	19.38%	19.04%
Net Operating Profit after Tax (NOPAT)	161	150	112	134	166	181	193	231	241	241	218
NOPAT Margin	3.03%	2.65%	2.00%	2.41%	2.93%	2.92%	3.04%	3.53%	3.70%	3.58%	3.23%
Net Nonoperating Expense Percent (NNEP)	2.82%	2.26%	1.91%	1.91%	2.72%	2.10%	-0.64%	3.60%	2.65%	-0.16%	2.01%
Return On Investment Capital (ROIC_SIMPLE)	2.14%	2.02%	-	-	-	2.14%	-	-	-	-	-
Cost of Revenue to Revenue	88.94%	89.48%	89.16%	88.44%	88.16%	88.62%	88.19%	87.52%	87.54%	88.33%	88.62%
SG&A Expenses to Revenue	8.19%	7.72%	7.83%	8.09%	8.27%	7.49%	7.69%	7.72%	7.65%	7.22%	7.08%
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	8.36%	7.78%	8.30%	8.60%	8.47%	7.57%	7.80%	8.15%	7.65%	7.22%	7.08%
Earnings before Interest and Taxes (EBIT)	139	153	139	166	175	228	346	265	315	362	291
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	168	183	173	202	211	262	381	303	350	397	326
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.84	0.95	0.95	0.94	0.89	0.89	0.89	0.95	0.86	0.83	0.81
Price to Tangible Book Value (P/TBV)	1.00	1.13	1.14	1.12	1.06	1.05	1.06	1.13	1.04	1.00	0.99
Price to Revenue (P/Rev)	0.18	0.20	0.21	0.20	0.18	0.17	0.16	0.17	0.15	0.14	0.13
Price to Earnings (P/E)	12.89	14.48	13.75	9.33	7.80	6.64	5.40	5.83	4.64	4.27	4.27
Dividend Yield	2.75%	2.42%	2.32%	2.41%	2.47%	2.44%	2.51%	2.36%	2.58%	2.75%	3.04%
Earnings Yield	7.76%	6.91%	7.27%	10.72%	12.83%	15.06%	18.52%	17.15%	21.56%	23.44%	23.41%
Enterprise Value to Invested Capital (EV/IC)	0.89	0.97	0.97	0.96	0.93	0.93	0.93	0.97	0.92	0.89	0.88
Enterprise Value to Revenue (EV/Rev)	0.30	0.31	0.32	0.30	0.29	0.30	0.28	0.27	0.26	0.25	0.22
Enterprise Value to EBITDA (EV/EBITDA)	9.00	9.10	8.82	6.86	6.21	5.88	5.02	5.28	4.98	4.83	4.58
Enterprise Value to EBIT (EV/EBIT)	10.95	11.06	10.56	7.91	7.08	6.60	5.58	5.89	5.55	5.41	5.23
Enterprise Value to NOPAT (EV/NOPAT)	11.74	12.45	12.64	10.87	9.42	9.03	7.95	7.81	7.04	6.92	6.36
Enterprise Value to Operating Cash Flow (EV/OCF)	7.60	5.75	8.93	10.50	11.06	45.06	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	6.90	4.64	12.87	10.74	12.05	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.53	0.59	0.59	0.59	0.69	0.66	0.64	0.67	0.72	0.58
Long-Term Debt to Equity	0.51	0.53	0.48	0.49	0.48	0.55	0.64	0.63	0.65	0.67	0.45
Financial Leverage	0.53	0.57	0.57	0.55	0.59	0.64	0.58	0.47	0.46	0.49	0.41
Leverage Ratio	2.43	2.53	2.56	2.55	2.54	2.64	2.67	2.56	2.46	2.49	2.47
Compound Leverage Factor	1.37	1.50	1.37	1.56	1.48	1.78	2.12	1.83	1.90	2.09	2.09
Debt to Total Capital	35.07%	34.66%	36.97%	37.05%	37.20%	40.78%	39.67%	39.16%	40.15%	41.86%	36.78%
Short-Term Debt to Total Capital	1.92%	0.04%	6.56%	6.30%	6.90%	8.23%	0.86%	0.90%	0.99%	2.75%	8.07%
Long-Term Debt to Total Capital	33.15%	34.63%	30.41%	30.76%	30.29%	32.55%	38.81%	38.26%	39.16%	39.11%	28.71%
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	64.93%	65.34%	63.03%	62.95%	62.80%	59.22%	60.33%	60.84%	59.85%	58.14%	63.22%
Debt to EBITDA	3.63	3.34	3.49	2.75	2.55	2.66	2.22	2.22	2.24	2.36	1.94
Net Debt to EBITDA	3.37	3.12	3.17	2.45	2.36	2.45	2.02	2.01	2.10	2.12	1.87
Long-Term Debt to EBITDA	3.44	3.34	2.87	2.28	2.08	2.12	2.17	2.17	2.18	2.21	1.51
Debt to NOPAT	4.74	4.57	4.99	4.35	3.87	4.09	3.51	3.29	3.16	3.38	2.69
Net Debt to NOPAT	4.40	4.26	4.54	3.89	3.58	3.76	3.20	2.98	2.97	3.04	2.60
Long-Term Debt to NOPAT	4.48	4.57	4.11	3.61	3.15	3.26	3.43	3.21	3.08	3.16	2.10
Altman Z-Score	3.30	3.32	3.20	3.37	3.41	3.33	3.50	3.55	3.60	3.59	3.60
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	2.44	2.39	2.25	2.32	2.33	2.34	2.54	2.53	2.63	2.54	2.04
Quick Ratio	1.07	1.09	1.02	1.05	1.01	1.00	1.16	1.19	1.22	1.26	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	552	1,096	102	142	-1.01	-712	-1,245	-1,640	-1,914	-1,524	-823
Operating Cash Flow to CapEx	526.86%	1,150.68%	334.61%	1,044.06%	1,185.38%	-51.56%	-54.27%	412.41%	69.25%	-386.11%	-2,287.11%
Free Cash Flow to Firm to Interest Expense	9.03	17.56	1.58	2.21	-0.01	-9.58	-17.58	-21.85	-26.70	-25.81	-18.25
Operating Cash Flow to Interest Expense	2.31	5.41	1.65	4.27	6.79	-0.57	-0.58	3.12	0.25	-5.44	-14.31
Operating Cash Flow Less CapEx to Interest Expense	1.87	4.94	1.16	3.86	6.22	-1.67	-1.66	2.37	-0.11	-6.86	-14.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.84	1.80	1.82	1.92	2.03	2.05	2.21	2.32	2.41	2.45	2.52
Accounts Receivable Turnover	5.27	5.04	4.98	5.19	5.51	5.51	5.64	5.85	5.97	5.94	6.13
Inventory Turnover	3.58	3.51	3.59	3.84	3.93	4.06	4.41	4.81	5.14	5.44	5.64
Fixed Asset Turnover	38.84	39.86	43.65	47.06	51.46	54.37	67.76	70.13	72.83	73.50	78.15
Accounts Payable Turnover	5.93	5.76	5.80	6.25	6.75	7.02	6.64	6.86	7.60	7.99	7.55
Days Sales Outstanding (DSO)	69.31	72.48	73.36	70.33	66.26	66.26	64.77	62.34	61.18	61.46	59.54
Days Inventory Outstanding (DIO)	102.05	103.90	101.71	95.06	92.94	89.84	82.74	75.87	71.04	67.03	64.67
Days Payable Outstanding (DPO)	61.50	63.38	62.92	58.42	54.07	51.97	54.94	53.18	48.01	45.66	48.34
Cash Conversion Cycle (CCC)	109.85	113.01	112.14	106.97	105.13	104.13	92.57	85.03	84.21	82.84	75.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,335	7,242	7,725	7,514	7,726	8,187	7,714	7,522	7,559	7,294	6,277
Invested Capital Turnover	2.94	2.91	2.98	3.16	3.24	3.31	3.73	4.03	4.07	4.11	4.43
Increase / (Decrease) in Invested Capital	-391	-946	11	-8.20	167	893	1,437	1,871	2,155	1,764	1,041
Enterprise Value (EV)	6,532	6,999	7,476	7,242	7,191	7,625	7,190	7,266	6,924	6,526	5,527
Market Capitalization	4,082	4,601	4,789	4,654	4,454	4,448	4,298	4,496	4,000	3,662	3,269
Book Value per Share	$56.47	$55.71	$57.17	$54.50	$55.21	$55.37	$52.71	$51.99	$50.73	$48.40	$42.46
Tangible Book Value per Share	$47.28	$46.82	$47.88	$45.86	$46.57	$46.67	$44.41	$43.45	$42.29	$40.15	$35.02
Total Capital	7,524	7,414	7,993	7,825	7,944	8,460	7,993	7,810	7,745	7,619	6,358
Total Debt	2,639	2,570	2,955	2,899	2,955	3,450	3,171	3,059	3,109	3,189	2,339
Total Long-Term Debt	2,494	2,567	2,431	2,407	2,406	2,754	3,102	2,988	3,033	2,980	1,826
Net Debt	2,450	2,398	2,687	2,588	2,736	3,177	2,892	2,770	2,923	2,864	2,258
Capital Expenditures (CapEx)	27	29	32	26	42	82	76	57	26	83	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,737	5,697	6,188	6,087	6,323	6,797	6,411	6,284	6,364	6,131	5,283
Debt-free Net Working Capital (DFNWC)	5,926	5,869	6,455	6,398	6,542	7,070	6,689	6,572	6,550	6,455	5,364
Net Working Capital (NWC)	5,781	5,866	5,931	5,905	5,993	6,373	6,621	6,501	6,474	6,246	4,851
Net Nonoperating Expense (NNE)	73	63	53	51	77	64	-16	76	54	-3.35	34
Net Nonoperating Obligations (NNO)	2,450	2,398	2,687	2,588	2,736	3,177	2,892	2,770	2,923	2,864	2,258
Total Depreciation and Amortization (D&A)	29	30	34	36	35	34	35	38	35	35	36
Debt-free, Cash-free Net Working Capital to Revenue	25.90%	25.34%	26.87%	25.62%	25.55%	26.54%	24.54%	23.68%	24.15%	23.28%	20.74%
Debt-free Net Working Capital to Revenue	26.76%	26.10%	28.04%	26.93%	26.43%	27.61%	25.61%	24.77%	24.85%	24.52%	21.05%
Net Working Capital to Revenue	26.10%	26.09%	25.76%	24.86%	24.22%	24.89%	25.35%	24.50%	24.56%	23.72%	19.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$1.00	$0.67	$0.93	$0.98	$1.31	$2.29	$1.69	$2.05	$2.67	$1.96
Adjusted Weighted Average Basic Shares Outstanding	86.01M	86.85M	88.09M	90.57M	90.43M	90.25M	91.50M	92.04M	91.44M	91.19M	94.05M
Adjusted Diluted Earnings per Share	$1.01	$0.99	$0.66	$0.93	$0.97	$1.28	$2.25	$1.67	$2.03	$2.63	$1.93
Adjusted Weighted Average Diluted Shares Outstanding	86.88M	88.33M	89.39M	91.84M	91.26M	91.79M	93.18M	93.37M	92.46M	92.76M	95.64M
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	83.86M	86.50M	86.94M	88.11M	90.38M	90.36M	90.49M	91.49M	91.40M	91.38M	91.52M
Normalized Net Operating Profit after Tax (NOPAT)	107	154	133	157	176	185	198	254	241	241	218
Normalized NOPAT Margin	2.01%	2.72%	2.37%	2.82%	3.11%	2.99%	3.13%	3.88%	3.70%	3.58%	3.23%
Pre Tax Income Margin	1.47%	1.59%	1.33%	1.82%	1.80%	2.47%	4.35%	2.90%	3.74%	4.51%	3.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.28	2.45	2.16	2.58	2.39	3.07	4.89	3.54	4.40	6.14	6.45
NOPAT to Interest Expense	2.64	2.41	1.74	2.08	2.25	2.44	2.72	3.08	3.37	4.08	4.83
EBIT Less CapEx to Interest Expense	1.84	1.98	1.67	2.17	1.81	1.96	3.82	2.78	4.03	4.73	5.82
NOPAT Less CapEx to Interest Expense	2.20	1.94	1.25	1.68	1.68	1.34	1.65	2.32	3.00	2.67	4.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.81%	35.64%	32.29%	22.45%	19.37%	16.30%	13.53%	13.79%	12.18%	12.13%	13.27%
Augmented Payout Ratio	140.04%	107.69%	100.72%	55.08%	34.51%	29.20%	25.29%	42.56%	48.91%	54.08%	56.03%

Frequently Asked Questions About Avnet's Financials

When does Avnet's fiscal year end?

According to the most recent income statement we have on file, Avnet's financial year ends in June. Their financial 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. See Avnet's forecast for analyst expectations on what’s next for the company.

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 5/25/2025 by MarketBeat.com Staff

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Avnet (AVT) Financials

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