Avnet (AVT) Financials

$82.31 -1.02 (-1.22%)

Closing price 04:00 PM Eastern

Extended Trading

$82.29 -0.02 (-0.02%)

As of 07:11 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
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	6/28/2025
Net Income / (Loss) Attributable to Common Shareholders	572	507	525	-156	176	-31	193	692	771	499	240
Consolidated Net Income / (Loss)	572	507	525	-156	176	-31	193	692	771	499	240
Net Income / (Loss) Continuing Operations	485	391	263	-143	176	-31	193	692	771	499	240
Total Pre-Tax Income	572	478	310	145	237	-130	173	833	983	632	251
Total Operating Income	653	573	444	209	366	-4.63	281	939	1,187	844	514
Total Gross Profit	2,210	2,078	2,369	2,527	2,486	2,063	2,241	2,965	3,182	2,766	2,385
Total Revenue	17,655	16,741	17,440	19,037	19,519	17,634	19,535	24,311	26,537	23,757	22,201
Operating Revenue	17,655	16,741	17,440	19,037	19,519	17,634	19,535	24,311	26,537	23,757	22,201
Total Cost of Revenue	15,445	14,663	15,071	16,510	17,032	15,571	17,294	21,345	23,355	20,991	19,816
Operating Cost of Revenue	15,445	14,663	15,071	16,510	17,032	15,571	17,294	21,345	23,355	20,991	19,816
Total Operating Expenses	1,557	1,505	1,926	2,318	2,120	2,068	1,959	2,026	1,995	1,922	1,871
Selling, General & Admin Expense	1,515	1,460	1,788	1,991	1,875	1,842	1,875	1,995	1,967	1,870	1,762
Restructuring Charge	42	45	137	145	108	82	84	5.27	28	53	108
Total Other Income / (Expense), net	-82	-95	-133	-64	-129	-125	-108	-106	-204	-212	-264
Interest Expense	87	92	100	93	135	123	89	100	251	283	246
Other Income / (Expense), net	5.45	-2.96	-34	29	5.56	-2.22	-19	-5.30	47	71	-17
Income Tax Expense	86	87	47	288	60	-99	-20	141	212	134	10
Basic Earnings per Share	$4.18	$3.87	$4.13	($1.30)	$1.61	($0.31)	$1.95	$7.02	$8.37	$5.51	$2.78
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	86.27M
Diluted Earnings per Share	$4.12	$3.80	$4.08	($1.30)	$1.59	($0.31)	$1.93	$6.94	$8.26	$5.43	$2.75
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	87.41M
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	83.46M
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	$1.32

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	209	118	89	83	59	87	88	6.09	52	62	94
Consolidated Net Income / (Loss)	209	118	89	83	59	87	88	6.09	52	62	94
Net Income / (Loss) Continuing Operations	209	118	89	83	59	87	88	6.09	52	62	94
Total Pre-Tax Income	275	154	102	101	75	90	78	7.40	77	90	141
Total Operating Income	254	236	190	164	142	155	143	73	142	146	206
Total Gross Profit	748	706	669	643	607	596	588	594	615	663	739
Total Revenue	6,336	6,205	5,654	5,563	5,604	5,663	5,315	5,618	5,899	6,319	7,120
Operating Revenue	6,336	6,205	5,654	5,563	5,604	5,663	5,315	5,618	5,899	6,319	7,120
Total Cost of Revenue	5,588	5,499	4,984	4,920	4,997	5,067	4,728	5,024	5,284	5,656	6,381
Operating Cost of Revenue	5,588	5,499	4,984	4,920	4,997	5,067	4,728	5,024	5,284	5,656	6,381
Total Operating Expenses	494	470	479	479	465	441	445	520	473	517	534
Selling, General & Admin Expense	487	465	467	450	439	437	435	451	464	492	519
Restructuring Charge	7.05	5.24	12	28	26	3.79	9.11	69	8.29	25	15
Total Other Income / (Expense), net	22	-83	-88	-63	-67	-65	-65	-66	-65	-56	-65
Interest Expense	71	74	73	64	64	62	61	58	60	61	63
Other Income / (Expense), net	92	-8.40	-15	1.41	-3.04	-2.65	-3.99	-7.60	-5.47	5.07	-1.83
Income Tax Expense	66	36	13	19	16	3.03	-9.78	1.32	25	28	46
Basic Earnings per Share	$2.29	$1.31	$0.98	$0.93	$0.67	$1.00	$1.02	$0.09	$0.62	$0.76	$1.15
Weighted Average Basic Shares Outstanding	91.50M	90.25M	90.43M	90.57M	88.09M	86.85M	86.01M	86.27M	83.00M	81.45M	82.01M
Diluted Earnings per Share	$2.25	$1.28	$0.97	$0.93	$0.66	$0.99	$1.01	$0.09	$0.61	$0.75	$1.14
Weighted Average Diluted Shares Outstanding	93.18M	91.79M	91.26M	91.84M	89.39M	88.33M	86.88M	87.41M	84.46M	82.79M	82.93M
Weighted Average Basic & Diluted Shares Outstanding	90.49M	90.36M	90.38M	88.11M	86.94M	86.50M	83.86M	83.46M	81.33M	81.86M	82.02M
Cash Dividends to Common per Share	$0.31	$0.31	$0.31	$0.31	$0.33	$0.33	$0.33	$0.33	$0.35	$0.35	$0.35

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	2025
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	6/28/2025
Net Change in Cash & Equivalents	3.58	99	-195	-215	-75	-69	-277	-46	135	23	-119
Net Cash From Operating Activities	584	224	-369	253	535	730	91	-219	-714	690	725
Net Cash From Continuing Operating Activities	318	-49	221	253	535	730	91	-219	-714	690	725
Net Income / (Loss) Continuing Operations	485	391	263	-143	176	-31	193	692	771	499	240
Consolidated Net Income / (Loss)	572	507	525	-156	176	-31	193	692	771	499	240
Depreciation Expense	66	70	101	143	97	101	91	102	89	87	72
Amortization Expense	16	9.25	54	91	84	142	98	53	54	54	54
Non-Cash Adjustments To Reconcile Net Income	118	86	77	255	205	218	67	71	91	49	62
Changes in Operating Assets and Liabilities, net	-368	-606	-274	-93	-27	301	-358	-1,138	-1,718	1.49	297
Net Cash From Investing Activities	-186	-153	1,338	72	-25	-135	-61	51	-212	-225	-137
Net Cash From Continuing Investing Activities	-145	-122	-904	-164	-25	-135	-61	51	-212	-225	-137
Purchase of Property, Plant & Equipment	-133	-137	-120	-156	-123	-74	-50	-49	-195	-226	-147
Other Investing Activities, net	-12	16	19	6.65	30	-9.99	7.55	100	-17	0.99	10
Net Cash From Financing Activities	-341	33	-1,188	-542	-583	-645	-314	156	1,055	-434	-694
Net Cash From Continuing Financing Activities	-297	10	-1,192	-542	-583	-645	-314	156	1,055	-434	-694
Repayment of Debt	-122	-261	-1,682	-139	-62	-321	-547	-371	722	-46	-359
Repurchase of Common Equity	-160	-381	-276	-324	-569	-238	0.00	-184	-222	-163	-303
Payment of Dividends	-87	-89	-89	-88	-87	-84	-84	-98	-106	-112	-113
Issuance of Debt	72	741	855	8.85	135	-2.12	318	810	660	-113	82
Effect of Exchange Rate Changes	-53	-6.23	23	1.42	-1.90	-20	6.91	-	5.04	-7.99	-12

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-9.55	-5.83	-54	92	-43	-95	17	3.52	-17	111	-84
Net Cash From Operating Activities	-41	-42	499	274	106	338	141	139	-145	208	-54
Net Cash From Continuing Operating Activities	-41	-42	499	274	106	338	141	139	-145	208	-54
Net Income / (Loss) Continuing Operations	209	118	89	83	59	87	88	6.09	52	62	94
Consolidated Net Income / (Loss)	209	118	89	83	59	87	88	6.09	52	62	94
Depreciation Expense	22	21	21	23	20	17	16	18	17	19	19
Amortization Expense	13	13	14	14	14	13	13	14	14	15	15
Non-Cash Adjustments To Reconcile Net Income	-11	58	-12	14	30	12	15	5.18	-3.72	16	9.83
Changes in Operating Assets and Liabilities, net	-275	-252	387	141	-17	209	8.73	96	-223	97	-191
Net Cash From Investing Activities	-76	-82	-42	-26	-31	-29	-17	-60	-25	-15	-16
Net Cash From Continuing Investing Activities	-76	-82	-42	-26	-31	-29	-17	-60	-25	-15	-16
Purchase of Property, Plant & Equipment	-76	-82	-42	-26	-32	-29	-27	-60	-25	-15	-17
Other Investing Activities, net	0.30	0.07	0.26	0.37	0.33	0.02	10	-0.01	0.08	0.34	0.59
Net Cash From Financing Activities	100	122	-507	-149	-109	-403	-101	-80	155	-84	-13
Net Cash From Continuing Financing Activities	100	122	-507	-149	-109	-403	-101	-80	155	-84	-13
Repayment of Debt	245	31	-60	11	-7.59	-309	-106	64	-290	-131	9.04
Payment of Dividends	-28	-28	-28	-28	-29	-29	-28	-28	-28	-28	-29
Issuance of Debt	-92	181	-419	-56	27	-14	134	-66	612	76	6.78
Effect of Exchange Rate Changes	7.38	-4.07	-4.73	-6.57	-8.93	-	-6.42	3.48	-3.01	1.88	-1.09

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	2025
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	6/28/2025
Total Assets	10,800	11,240	9,700	9,597	8,565	8,105	8,925	10,389	12,477	12,209	12,119
Total Current Assets	8,585	9,004	7,534	7,611	6,876	6,329	7,163	8,877	10,751	10,371	10,019
Cash & Equivalents	933	1,031	836	621	546	477	200	154	288	311	192
Accounts Receivable	5,054	2,770	3,338	3,641	3,168	2,928	3,576	4,301	4,764	4,391	4,327
Inventories, net	2,482	2,560	2,825	3,142	3,008	2,732	3,237	4,244	5,465	5,469	5,235
Prepaid Expenses	116	74	254	207	153	191	151	178	234	200	263
Plant, Property, & Equipment, net	569	453	520	523	452	405	368	315	442	568	667
Total Noncurrent Assets	1,646	1,783	1,646	1,463	1,236	1,372	1,394	1,197	1,285	1,270	1,433
Goodwill	1,279	622	1,148	981	877	774	838	759	781	781	837
Other Noncurrent Operating Assets	268	239	221	263	216	533	527	438	504	489	596
Total Liabilities & Shareholders' Equity	10,800	11,240	9,700	9,597	8,565	8,105	8,925	10,389	12,477	12,209	12,119
Total Liabilities	6,115	6,549	4,518	4,912	4,424	4,379	4,841	6,196	7,725	7,284	7,107
Total Current Liabilities	4,272	4,942	2,454	2,969	2,579	2,280	3,055	4,252	4,249	4,465	4,128
Short-Term Debt	331	1,153	50	165	301	0.05	23	174	71	493	87
Accounts Payable	3,338	1,591	1,862	2,269	1,864	1,754	2,401	3,432	3,374	3,346	3,487
Accrued Expenses	603	395	542	535	414	473	572	591	753	573	497
Other Current Liabilities	-	-	-	-	0.00	53	58	55	52	54	56
Total Noncurrent Liabilities	1,843	1,606	2,064	1,942	1,846	2,098	1,786	1,944	3,476	2,818	2,979
Long-Term Debt	1,647	1,339	1,729	1,489	1,420	1,425	1,191	1,437	2,988	2,407	2,575
Other Noncurrent Operating Liabilities	196	223	335	453	426	674	595	507	488	412	404
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	4,685	4,691	5,182	4,685	4,140	3,726	4,084	4,193	4,752	4,926	5,011
Total Preferred & Common Equity	4,685	4,691	5,182	4,685	4,140	3,726	4,084	4,193	4,752	4,926	5,011
Total Common Equity	4,685	4,691	5,182	4,685	4,140	3,726	4,084	4,193	4,752	4,926	5,011
Common Stock	1,544	1,580	1,627	1,645	1,677	1,693	1,722	1,753	1,783	1,810	1,839
Retained Earnings	3,583	3,632	3,799	3,236	2,767	2,422	2,516	2,921	3,378	3,602	3,430
Accumulated Other Comprehensive Income / (Loss)	-441	-521	-244	-195	-304	-388	-154	-481	-409	-487	-258

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

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	2025
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	6/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-35.80%	-5.18%	4.18%	9.16%	2.53%	-9.65%	10.78%	24.45%	9.16%	-10.48%	-6.55%
EBITDA Growth	-21.46%	-12.32%	-12.96%	-16.39%	16.84%	-57.26%	91.10%	141.39%	26.43%	-23.32%	-41.06%
EBIT Growth	-18.28%	-13.46%	-28.07%	-41.99%	56.20%	-101.84%	3,934.60%	255.83%	32.13%	-25.83%	-45.69%
NOPAT Growth	-9.76%	-15.54%	-19.65%	-154.74%	232.35%	-101.19%	9,800.43%	148.26%	19.30%	-28.45%	-25.97%
Net Income Growth	4.82%	-11.43%	3.70%	-129.78%	212.73%	-117.63%	721.32%	258.53%	11.33%	-35.30%	-51.83%
EPS Growth	5.91%	-7.77%	7.37%	-131.86%	222.31%	-119.50%	722.58%	259.59%	19.02%	-34.26%	-49.36%
Operating Cash Flow Growth	145.93%	-61.58%	-264.36%	168.75%	110.97%	36.54%	-87.54%	-341.14%	-225.43%	196.68%	5.00%
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%	-22.01%
Invested Capital Growth	-5.06%	-20.91%	28.95%	-2.14%	-7.06%	-12.05%	9.09%	10.83%	33.11%	-0.11%	-0.44%
Revenue Q/Q Growth	-37.34%	78.65%	4.24%	2.44%	-1.90%	-2.87%	5.78%	4.95%	0.69%	-4.01%	0.25%
EBITDA Q/Q Growth	-23.74%	25.13%	-1.10%	8.93%	-22.22%	31.67%	25.13%	16.87%	-0.88%	-8.79%	-14.32%
EBIT Q/Q Growth	-20.76%	17.81%	-9.05%	23.49%	-29.02%	86.34%	67.46%	21.22%	-1.05%	-9.84%	-16.72%
NOPAT Q/Q Growth	-20.15%	4.26%	2.02%	-5.24%	-23.00%	87.35%	-22.64%	28.72%	-5.41%	-12.75%	-11.39%
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%	-24.17%
EPS Q/Q Growth	-4.19%	-9.74%	-1.92%	-12.07%	-33.19%	72.32%	19.88%	30.94%	-9.13%	-11.99%	-23.40%
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%	-15.69%
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%	-44.47%
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%	1.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.52%	12.41%	13.59%	13.28%	12.74%	11.70%	11.47%	12.20%	11.99%	11.64%	10.74%
EBITDA Margin	4.20%	3.88%	3.24%	2.48%	2.83%	1.34%	2.31%	4.48%	5.19%	4.44%	2.80%
Operating Margin	3.70%	3.42%	2.54%	1.10%	1.87%	-0.03%	1.44%	3.86%	4.47%	3.55%	2.32%
EBIT Margin	3.73%	3.40%	2.35%	1.25%	1.90%	-0.04%	1.34%	3.84%	4.65%	3.85%	2.24%
Profit (Net Income) Margin	3.24%	3.03%	3.01%	-0.82%	0.90%	-0.18%	0.99%	2.85%	2.90%	2.10%	1.08%
Tax Burden Percent	100.07%	105.97%	169.22%	-107.82%	74.53%	23.99%	111.67%	83.09%	78.43%	78.88%	95.87%
Interest Burden Percent	86.78%	83.87%	75.71%	61.00%	63.69%	1,893.69%	65.90%	89.25%	79.67%	69.09%	50.42%
Effective Tax Rate	15.07%	18.22%	15.16%	198.49%	25.47%	0.00%	-11.67%	16.91%	21.57%	21.12%	4.13%
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%	6.58%
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%	-3.42%
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%	-1.74%
Return on Equity (ROE)	11.95%	10.80%	10.64%	-3.17%	4.00%	-0.79%	4.94%	16.73%	17.24%	10.31%	4.83%
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%	7.01%
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%	4.09%
Return on Assets (ROA)	5.19%	4.60%	5.02%	-1.62%	1.94%	-0.37%	2.27%	7.17%	6.74%	4.04%	1.97%
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%	4.83%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	555	469	376	-206	273	-3.24	314	780	931	666	493
NOPAT Margin	3.14%	2.80%	2.16%	-1.08%	1.40%	-0.02%	1.61%	3.21%	3.51%	2.80%	2.22%
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%	10.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	6.42%
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%	89.26%
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%	7.94%
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	8.82%	8.99%	11.04%	12.18%	10.86%	11.73%	10.03%	8.34%	7.52%	8.09%	8.43%
Earnings before Interest and Taxes (EBIT)	659	570	410	238	371	-6.84	262	934	1,234	915	497
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	741	650	565	473	552	236	451	1,089	1,377	1,056	622
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	0.88
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	1.06
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	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	18.38
Dividend Yield	1.85%	2.02%	2.12%	1.99%	2.00%	3.57%	2.29%	2.49%	2.36%	2.41%	2.51%
Earnings Yield	12.15%	11.70%	12.70%	0.00%	4.15%	0.00%	5.23%	17.66%	17.15%	10.72%	5.44%
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	0.92
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	0.31
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	11.07
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	13.86
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	13.97
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	9.50
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	13.09
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	0.53
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	0.51
Financial Leverage	0.23	0.09	0.05	0.17	0.25	0.27	0.25	0.30	0.47	0.55	0.51
Leverage Ratio	2.30	2.35	2.12	1.96	2.06	2.12	2.18	2.33	2.56	2.55	2.45
Compound Leverage Factor	2.00	1.97	1.61	1.19	1.31	40.13	1.44	2.08	2.04	1.76	1.23
Debt to Total Capital	29.68%	34.69%	25.56%	26.10%	29.35%	27.66%	22.92%	27.77%	39.16%	37.05%	34.69%
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%	1.14%
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%	33.55%
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	70.32%	65.31%	74.44%	73.90%	70.65%	72.34%	77.08%	72.23%	60.84%	62.95%	65.31%
Debt to EBITDA	2.67	3.84	3.15	3.50	3.12	6.04	2.69	1.48	2.22	2.75	4.28
Net Debt to EBITDA	1.41	2.25	1.17	2.19	2.13	4.02	2.25	1.34	2.01	2.45	3.97
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	4.14
Debt to NOPAT	3.57	5.32	4.73	-8.03	6.31	-439.82	3.86	2.07	3.29	4.35	5.40
Net Debt to NOPAT	1.88	3.12	1.76	-5.02	4.31	-292.57	3.23	1.87	2.98	3.89	5.01
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	5.22
Altman Z-Score	3.24	2.94	3.66	3.65	4.05	3.51	3.69	3.94	3.81	3.57	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	2.01	1.82	3.07	2.56	2.67	2.78	2.34	2.09	2.53	2.32	2.43
Quick Ratio	1.40	0.77	1.82	1.44	1.44	1.49	1.24	1.05	1.19	1.05	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	860	1,667	-936	-81	676	637	-110	228	-940	674	526
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%	491.28%
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	2.13
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	2.94
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	2.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.60	1.52	1.67	1.97	2.15	2.12	2.29	2.52	2.32	1.92	1.83
Accounts Receivable Turnover	3.44	4.28	5.71	5.46	5.73	5.78	6.01	6.17	5.85	5.19	5.09
Inventory Turnover	6.06	5.82	5.60	5.53	5.54	5.43	5.79	5.71	4.81	3.84	3.70
Fixed Asset Turnover	31.99	32.76	35.86	36.52	40.03	41.16	50.54	71.12	70.13	47.06	35.94
Accounts Payable Turnover	4.58	5.95	8.73	7.99	8.24	8.61	8.32	7.32	6.86	6.25	5.80
Days Sales Outstanding (DSO)	106.21	85.30	63.91	66.90	63.67	63.10	60.77	59.13	62.34	70.33	71.67
Days Inventory Outstanding (DIO)	60.21	62.76	65.21	65.95	65.90	67.28	62.99	63.96	75.87	95.06	98.58
Days Payable Outstanding (DPO)	79.64	61.35	41.81	45.67	44.29	42.41	43.85	49.87	53.18	58.42	62.93
Cash Conversion Cycle (CCC)	86.77	86.71	87.31	87.19	85.27	87.97	79.90	73.22	85.03	106.97	107.32
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	7,481
Invested Capital Turnover	3.00	3.26	3.36	3.29	3.54	3.53	4.00	4.52	4.03	3.16	2.96
Increase / (Decrease) in Invested Capital	-305	-1,198	1,312	-125	-404	-641	425	552	1,871	-8.20	-33
Enterprise Value (EV)	5,752	5,791	4,796	5,418	5,421	3,273	4,707	5,379	7,266	7,242	6,886
Market Capitalization	4,707	4,330	4,135	4,385	4,247	2,325	3,692	3,921	4,496	4,654	4,416
Book Value per Share	$34.49	$36.50	$41.46	$39.71	$38.95	$37.74	$41.05	$42.92	$51.99	$54.50	$59.76
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	$49.78
Total Capital	6,663	7,183	6,961	6,340	5,861	5,151	5,299	5,805	7,810	7,825	7,674
Total Debt	1,978	2,492	1,779	1,655	1,720	1,425	1,214	1,612	3,059	2,899	2,662
Total Long-Term Debt	1,647	1,339	1,729	1,489	1,420	1,425	1,191	1,437	2,988	2,407	2,575
Net Debt	1,045	1,460	662	1,033	1,174	948	1,015	1,458	2,770	2,588	2,470
Capital Expenditures (CapEx)	133	137	120	156	123	74	50	49	195	226	147
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	5,785
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	5,978
Net Working Capital (NWC)	4,313	4,061	5,080	4,641	4,298	4,048	4,108	4,625	6,501	5,905	5,891
Net Nonoperating Expense (NNE)	-17	-38	-149	-50	96	28	121	88	160	167	253
Net Nonoperating Obligations (NNO)	1,045	-160	662	1,033	1,174	948	1,015	1,458	2,770	2,588	2,470
Total Depreciation and Amortization (D&A)	82	80	155	235	181	243	189	155	143	141	125
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%	26.06%
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%	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%	26.53%
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	$2.78
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	86.27M
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	$2.75
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	87.41M
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	134.46M	127.37M	123.06M	115.76M	103.62M	98.78M	99.50M	94.67M	91.49M	88.11M	83.46M
Normalized Net Operating Profit after Tax (NOPAT)	590	505	493	375	456	155	256	785	953	707	597
Normalized NOPAT Margin	3.34%	3.02%	2.83%	1.97%	2.33%	0.88%	1.31%	3.23%	3.59%	2.98%	2.69%
Pre Tax Income Margin	3.24%	2.86%	1.78%	0.76%	1.21%	-0.73%	0.89%	3.43%	3.70%	2.66%	1.13%
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	2.02
NOPAT to Interest Expense	6.37	5.10	3.78	-2.22	2.02	-0.03	3.51	7.77	3.71	2.35	2.00
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	1.42
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	1.40
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%	47.17%
Augmented Payout Ratio	43.24%	92.70%	69.40%	-263.24%	371.94%	-1,035.41%	43.66%	40.86%	42.56%	55.08%	173.51%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	81,862,967.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	81,862,967.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.14%	-7.63%	-13.22%	-15.13%	-11.55%	-8.73%	-5.98%	0.99%	5.25%	11.58%	33.95%
EBITDA Growth	16.73%	-33.96%	-39.79%	-33.51%	-54.60%	-30.10%	-20.19%	-51.54%	-3.27%	0.83%	40.88%
EBIT Growth	19.04%	-37.08%	-44.35%	-37.62%	-59.80%	-32.99%	-20.62%	-60.24%	-1.88%	-0.93%	46.28%
NOPAT Growth	-11.49%	-24.57%	-31.34%	-42.09%	-41.81%	-17.27%	-2.73%	-54.91%	-14.71%	-33.13%	-14.42%
Net Income Growth	13.57%	-51.65%	-52.60%	-46.75%	-71.83%	-26.01%	-1.03%	-92.63%	-12.23%	-29.25%	7.29%
EPS Growth	16.58%	-51.33%	-52.22%	-44.31%	-70.67%	-22.66%	4.12%	-90.32%	-7.58%	-24.24%	12.87%
Operating Cash Flow Growth	93.60%	86.84%	2,634.42%	16.93%	357.48%	899.00%	-71.79%	-49.14%	-235.98%	-38.36%	-138.22%
Free Cash Flow Firm Growth	-51.24%	53.28%	99.95%	108.67%	108.16%	253.93%	54,732.91%	-34.42%	60.23%	-122.54%	-140.03%
Invested Capital Growth	22.90%	12.25%	2.21%	-0.11%	0.14%	-11.55%	-5.06%	-0.44%	-0.87%	4.80%	4.89%
Revenue Q/Q Growth	-3.34%	-2.06%	-8.89%	-1.60%	0.74%	1.06%	-6.14%	5.69%	5.00%	7.13%	12.67%
EBITDA Q/Q Growth	25.56%	-31.24%	-19.53%	-4.30%	-14.26%	5.86%	-8.11%	-41.90%	71.15%	10.35%	28.38%
EBIT Q/Q Growth	30.43%	-34.19%	-23.00%	-5.61%	-15.95%	9.70%	-8.79%	-52.72%	107.40%	10.76%	34.67%
NOPAT Q/Q Growth	-16.64%	-5.89%	-8.68%	-19.15%	-16.25%	33.80%	7.37%	-62.52%	58.41%	4.91%	37.40%
Net Income Q/Q Growth	34.79%	-43.65%	-24.67%	-6.94%	-28.68%	48.00%	0.76%	-93.07%	749.81%	19.30%	52.81%
EPS Q/Q Growth	34.73%	-43.11%	-24.22%	-4.12%	-29.03%	50.00%	2.02%	-91.09%	577.78%	22.95%	52.00%
Operating Cash Flow Q/Q Growth	-117.61%	-2.39%	1,280.92%	-45.07%	-61.23%	217.73%	-58.30%	-0.99%	-203.66%	244.03%	-125.85%
Free Cash Flow Firm Q/Q Growth	24.10%	42.81%	99.86%	14,175.87%	-28.53%	978.48%	-49.65%	-83.10%	74.62%	-251.69%	10.55%
Invested Capital Q/Q Growth	2.56%	6.13%	-5.64%	-2.74%	2.81%	-6.26%	1.29%	1.99%	2.36%	-0.90%	1.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.81%	11.38%	11.84%	11.56%	10.84%	10.52%	11.06%	10.57%	10.42%	10.49%	10.38%
EBITDA Margin	6.01%	4.22%	3.73%	3.63%	3.09%	3.23%	3.17%	1.74%	2.84%	2.92%	3.33%
Operating Margin	4.01%	3.81%	3.36%	2.95%	2.54%	2.74%	2.70%	1.31%	2.41%	2.31%	2.89%
EBIT Margin	5.46%	3.67%	3.10%	2.98%	2.48%	2.70%	2.62%	1.17%	2.32%	2.39%	2.86%
Profit (Net Income) Margin	3.30%	1.90%	1.57%	1.49%	1.05%	1.54%	1.65%	0.11%	0.88%	0.98%	1.32%
Tax Burden Percent	75.98%	76.80%	87.14%	81.59%	78.88%	96.64%	112.51%	82.24%	67.37%	68.66%	67.11%
Interest Burden Percent	79.55%	67.39%	58.11%	61.19%	53.70%	59.13%	56.11%	11.24%	56.24%	59.44%	69.01%
Effective Tax Rate	24.02%	23.20%	12.86%	18.42%	21.12%	3.36%	-12.51%	17.76%	32.63%	31.34%	32.89%
Return on Invested Capital (ROIC)	11.36%	9.67%	9.49%	7.61%	5.97%	7.73%	8.92%	3.18%	4.74%	4.96%	6.43%
ROIC Less NNEP Spread (ROIC-NNEP)	12.00%	7.57%	6.78%	5.70%	4.06%	5.47%	6.09%	1.04%	3.15%	3.43%	4.75%
Return on Net Nonoperating Assets (RNNOA)	6.99%	4.85%	3.98%	3.15%	2.30%	3.09%	3.20%	0.53%	1.75%	1.77%	2.51%
Return on Equity (ROE)	18.35%	14.52%	13.47%	10.76%	8.27%	10.82%	12.12%	3.71%	6.49%	6.73%	8.94%
Cash Return on Invested Capital (CROIC)	-7.63%	-0.64%	7.81%	8.97%	7.53%	19.55%	12.58%	7.01%	7.04%	0.92%	0.36%
Operating Return on Assets (OROA)	12.09%	7.55%	6.29%	5.73%	4.53%	4.86%	4.83%	2.14%	4.16%	4.42%	5.67%
Return on Assets (ROA)	7.31%	3.91%	3.18%	2.86%	1.92%	2.78%	3.05%	0.20%	1.58%	1.80%	2.62%
Return on Common Equity (ROCE)	18.35%	14.52%	13.47%	10.76%	8.27%	10.82%	12.12%	3.71%	6.49%	6.73%	8.94%
Return on Equity Simple (ROE_SIMPLE)	16.50%	13.37%	11.45%	0.00%	6.92%	6.56%	6.49%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	193	181	166	134	112	150	161	60	96	100	138
NOPAT Margin	3.04%	2.92%	2.93%	2.41%	2.00%	2.65%	3.03%	1.08%	1.62%	1.59%	1.94%
Net Nonoperating Expense Percent (NNEP)	-0.64%	2.10%	2.72%	1.91%	1.91%	2.26%	2.82%	2.15%	1.60%	1.53%	1.68%
Return On Investment Capital (ROIC_SIMPLE)	-	2.14%	-	-	-	2.02%	2.14%	0.79%	1.22%	1.27%	1.75%
Cost of Revenue to Revenue	88.19%	88.62%	88.16%	88.44%	89.16%	89.48%	88.94%	89.43%	89.58%	89.51%	89.62%
SG&A Expenses to Revenue	7.69%	7.49%	8.27%	8.09%	7.83%	7.72%	8.19%	8.03%	7.87%	7.78%	7.29%
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	7.80%	7.57%	8.47%	8.60%	8.30%	7.78%	8.36%	9.26%	8.01%	8.18%	7.49%
Earnings before Interest and Taxes (EBIT)	346	228	175	166	139	153	139	66	137	151	204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	381	262	211	202	173	183	168	98	167	185	237
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.89	0.89	0.94	0.95	0.95	0.84	0.88	0.89	0.81	0.99
Price to Tangible Book Value (P/TBV)	1.06	1.05	1.06	1.12	1.14	1.13	1.00	1.06	1.08	0.97	1.18
Price to Revenue (P/Rev)	0.16	0.17	0.18	0.20	0.21	0.20	0.18	0.20	0.19	0.17	0.20
Price to Earnings (P/E)	5.40	6.64	7.80	9.33	13.75	14.48	12.89	18.38	18.60	19.32	22.86
Dividend Yield	2.51%	2.44%	2.47%	2.41%	2.32%	2.42%	2.75%	2.51%	2.58%	2.76%	2.31%
Earnings Yield	18.52%	15.06%	12.83%	10.72%	7.27%	6.91%	7.76%	5.44%	5.37%	5.18%	4.37%
Enterprise Value to Invested Capital (EV/IC)	0.93	0.93	0.93	0.96	0.97	0.97	0.89	0.92	0.93	0.88	0.99
Enterprise Value to Revenue (EV/Rev)	0.28	0.30	0.29	0.30	0.32	0.31	0.30	0.31	0.32	0.29	0.31
Enterprise Value to EBITDA (EV/EBITDA)	5.02	5.88	6.21	6.86	8.82	9.10	9.00	11.07	11.59	10.77	11.11
Enterprise Value to EBIT (EV/EBIT)	5.58	6.60	7.08	7.91	10.56	11.06	10.95	13.86	14.45	13.51	13.69
Enterprise Value to NOPAT (EV/NOPAT)	7.95	9.03	9.42	10.87	12.64	12.45	11.74	13.97	15.07	16.03	19.79
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	45.06	11.06	10.50	8.93	5.75	7.60	9.50	15.09	19.36	51.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	12.05	10.74	12.87	4.64	6.90	13.09	13.20	97.96	285.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.69	0.59	0.59	0.59	0.53	0.54	0.53	0.62	0.59	0.59
Long-Term Debt to Equity	0.64	0.55	0.48	0.49	0.48	0.53	0.51	0.51	0.58	0.50	0.50
Financial Leverage	0.58	0.64	0.59	0.55	0.57	0.57	0.53	0.51	0.56	0.52	0.53
Leverage Ratio	2.67	2.64	2.54	2.55	2.56	2.53	2.43	2.45	2.53	2.57	2.56
Compound Leverage Factor	2.12	1.78	1.48	1.56	1.37	1.50	1.37	0.28	1.42	1.52	1.77
Debt to Total Capital	39.67%	40.78%	37.20%	37.05%	36.97%	34.66%	35.07%	34.69%	38.11%	37.30%	37.27%
Short-Term Debt to Total Capital	0.86%	8.23%	6.90%	6.30%	6.56%	0.04%	1.92%	1.14%	2.42%	5.89%	5.95%
Long-Term Debt to Total Capital	38.81%	32.55%	30.29%	30.76%	30.41%	34.63%	33.15%	33.55%	35.69%	31.41%	31.32%
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	60.33%	59.22%	62.80%	62.95%	63.03%	65.34%	64.93%	65.31%	61.89%	62.70%	62.73%
Debt to EBITDA	2.22	2.66	2.55	2.75	3.49	3.34	3.63	4.28	4.84	4.75	4.28
Net Debt to EBITDA	2.02	2.45	2.36	2.45	3.17	3.12	3.37	3.97	4.56	4.29	3.99
Long-Term Debt to EBITDA	2.17	2.12	2.08	2.28	2.87	3.34	3.44	4.14	4.54	4.00	3.60
Debt to NOPAT	3.51	4.09	3.87	4.35	4.99	4.57	4.74	5.40	6.30	7.07	7.63
Net Debt to NOPAT	3.20	3.76	3.58	3.89	4.54	4.26	4.40	5.01	5.93	6.38	7.11
Long-Term Debt to NOPAT	3.43	3.26	3.15	3.61	4.11	4.57	4.48	5.22	5.90	5.96	6.41
Altman Z-Score	3.50	3.33	3.41	3.37	3.20	3.32	3.30	3.20	3.14	2.97	3.11
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	2.54	2.34	2.33	2.32	2.25	2.39	2.44	2.43	2.36	2.07	2.01
Quick Ratio	1.16	1.00	1.01	1.05	1.02	1.09	1.07	1.09	1.07	1.04	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,245	-712	-1.01	142	102	1,096	552	93	163	-247	-221
Operating Cash Flow to CapEx	-54.27%	-51.56%	1,185.38%	1,044.06%	334.61%	1,150.68%	526.86%	234.02%	-588.00%	1,356.45%	-319.09%
Free Cash Flow to Firm to Interest Expense	-17.58	-9.58	-0.01	2.21	1.58	17.56	9.03	1.60	2.72	-4.02	-3.50
Operating Cash Flow to Interest Expense	-0.58	-0.57	6.79	4.27	1.65	5.41	2.31	2.39	-2.42	3.39	-0.85
Operating Cash Flow Less CapEx to Interest Expense	-1.66	-1.67	6.22	3.86	1.16	4.94	1.87	1.37	-2.83	3.14	-1.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.21	2.05	2.03	1.92	1.82	1.80	1.84	1.83	1.80	1.85	1.98
Accounts Receivable Turnover	5.64	5.51	5.51	5.19	4.98	5.04	5.27	5.09	4.96	4.79	5.20
Inventory Turnover	4.41	4.06	3.93	3.84	3.59	3.51	3.58	3.70	3.64	3.92	4.16
Fixed Asset Turnover	67.76	54.37	51.46	47.06	43.65	39.86	38.84	35.94	35.99	37.74	40.58
Accounts Payable Turnover	6.64	7.02	6.75	6.25	5.80	5.76	5.93	5.80	5.53	5.19	5.62
Days Sales Outstanding (DSO)	64.77	66.26	66.26	70.33	73.36	72.48	69.31	71.67	73.66	76.18	70.19
Days Inventory Outstanding (DIO)	82.74	89.84	92.94	95.06	101.71	103.90	102.05	98.58	100.18	93.03	87.66
Days Payable Outstanding (DPO)	54.94	51.97	54.07	58.42	62.92	63.38	61.50	62.93	66.06	70.29	64.89
Cash Conversion Cycle (CCC)	92.57	104.13	105.13	106.97	112.14	113.01	109.85	107.32	107.78	98.92	92.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,714	8,187	7,726	7,514	7,725	7,242	7,335	7,481	7,658	7,589	7,694
Invested Capital Turnover	3.73	3.31	3.24	3.16	2.98	2.91	2.94	2.96	2.92	3.12	3.32
Increase / (Decrease) in Invested Capital	1,437	893	167	-8.20	11	-946	-391	-33	-67	347	359
Enterprise Value (EV)	7,190	7,625	7,191	7,242	7,476	6,999	6,532	6,886	7,145	6,659	7,630
Market Capitalization	4,298	4,448	4,454	4,654	4,789	4,601	4,082	4,416	4,335	4,008	4,890
Book Value per Share	$52.71	$55.37	$55.21	$54.50	$57.17	$55.71	$56.47	$59.76	$58.09	$60.72	$60.51
Tangible Book Value per Share	$44.41	$46.67	$46.57	$45.86	$47.88	$46.82	$47.28	$49.78	$48.28	$50.55	$50.53
Total Capital	7,993	8,460	7,944	7,825	7,993	7,414	7,524	7,674	7,833	7,876	7,896
Total Debt	3,171	3,450	2,955	2,899	2,955	2,570	2,639	2,662	2,985	2,938	2,943
Total Long-Term Debt	3,102	2,754	2,406	2,407	2,431	2,567	2,494	2,575	2,796	2,474	2,473
Net Debt	2,892	3,177	2,736	2,588	2,687	2,398	2,450	2,470	2,810	2,651	2,740
Capital Expenditures (CapEx)	76	82	42	26	32	29	27	60	25	15	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	6,411	6,797	6,323	6,087	6,188	5,697	5,737	5,785	5,967	5,867	5,989
Debt-free Net Working Capital (DFNWC)	6,689	7,070	6,542	6,398	6,455	5,869	5,926	5,978	6,142	6,154	6,191
Net Working Capital (NWC)	6,621	6,373	5,993	5,905	5,931	5,866	5,781	5,891	5,953	5,690	5,721
Net Nonoperating Expense (NNE)	-16	64	77	51	53	63	73	54	44	39	44
Net Nonoperating Obligations (NNO)	2,892	3,177	2,736	2,588	2,687	2,398	2,450	2,470	2,810	2,651	2,740
Total Depreciation and Amortization (D&A)	35	34	35	36	34	30	29	32	31	33	33
Debt-free, Cash-free Net Working Capital to Revenue	24.54%	26.54%	25.55%	25.62%	26.87%	25.34%	25.90%	26.06%	26.53%	25.34%	24.00%
Debt-free Net Working Capital to Revenue	25.61%	27.61%	26.43%	26.93%	28.04%	26.10%	26.76%	26.93%	27.31%	26.58%	24.81%
Net Working Capital to Revenue	25.35%	24.89%	24.22%	24.86%	25.76%	26.09%	26.10%	26.53%	26.46%	24.58%	22.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.29	$1.31	$0.98	$0.93	$0.67	$1.00	$1.02	$0.09	$0.62	$0.76	$1.15
Adjusted Weighted Average Basic Shares Outstanding	91.50M	90.25M	90.43M	90.57M	88.09M	86.85M	86.01M	86.27M	83.00M	81.45M	82.01M
Adjusted Diluted Earnings per Share	$2.25	$1.28	$0.97	$0.93	$0.66	$0.99	$1.01	$0.09	$0.61	$0.75	$1.14
Adjusted Weighted Average Diluted Shares Outstanding	93.18M	91.79M	91.26M	91.84M	89.39M	88.33M	86.88M	87.41M	84.46M	82.79M	82.93M
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	90.49M	90.36M	90.38M	88.11M	86.94M	86.50M	83.86M	83.46M	81.33M	81.86M	82.02M
Normalized Net Operating Profit after Tax (NOPAT)	198	185	176	157	133	154	107	117	101	118	148
Normalized NOPAT Margin	3.13%	2.99%	3.11%	2.82%	2.37%	2.72%	2.01%	2.09%	1.72%	1.86%	2.08%
Pre Tax Income Margin	4.35%	2.47%	1.80%	1.82%	1.33%	1.59%	1.47%	0.13%	1.30%	1.42%	1.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.89	3.07	2.39	2.58	2.16	2.45	2.28	1.13	2.29	2.47	3.23
NOPAT to Interest Expense	2.72	2.44	2.25	2.08	1.74	2.41	2.64	1.03	1.60	1.64	2.18
EBIT Less CapEx to Interest Expense	3.82	1.96	1.81	2.17	1.67	1.98	1.84	0.11	1.87	2.22	2.96
NOPAT Less CapEx to Interest Expense	1.65	1.34	1.68	1.68	1.25	1.94	2.20	0.01	1.19	1.39	1.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.53%	16.30%	19.37%	22.45%	32.29%	35.64%	35.81%	47.17%	48.46%	54.38%	52.97%
Augmented Payout Ratio	25.29%	29.20%	34.51%	55.08%	100.72%	107.69%	140.04%	173.51%	195.15%	193.95%	141.01%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for AVNET INC (AVT) from the latest four-year set of quarterly statements, focusing on cash flow, profitability, and balance-sheet trends. The data shows a rebound in revenue and operating cash flow in 2025–2026, with improving profitability in several quarters, and solid liquidity, though margins have shown some compression in recent periods.

Q2 2026 revenue was about $6.32 billion, up from Q1 2026 (~$5.90 billion) and higher than the year-ago Q2, signaling continued top‑line growth into 2026.
Q2 2026 net income from continuing operations was about $61.7 million, up from Q1 2026 (~$51.7 million), reflecting improving quarterly profitability.
Q2 2026 operating cash flow from continuing operations was about $208.2 million, a strong rebound after Q1 2026’s negative cash flow, indicating improving cash generation.
Q2 2026 free cash flow was about $192.9 million (approx. $208.2 million from operations minus ~$15.35 million in capex), suggesting capacity to fund dividends, debt reduction, or share activity.
Liquidity remained solid: total current assets around $11.0 billion vs. total current liabilities about $5.33 billion, yielding a current ratio near 2.1x; quick ratio is near 1.0x, indicating reasonable near-term liquidity.
Dividend per share is $0.35 per quarter, indicating ongoing cash returns to shareholders.
Earnings per share metrics in Q2 2026 were around $0.75–$0.76 on a diluted/basic basis, consistent with a modest but positive profitability level.
Profits and cash flow have shown quarterly volatility: for example, Q4 2025 delivered only about $6.08 million in net income on roughly $5.62 billion in revenue, highlighting seasonality and earnings swings.
Debt activity shows a mix of debt issuance and repayments in Q2 2026 (net financing cash flow negative, driven by debt repayments after some issuances), while long-term debt remains in the low-to-mid $2 billions range, keeping leverage at a moderate level.
Gross margin has trended lower in recent quarters (roughly 10–12%), down from higher margins seen earlier in the period, which could constrain margin expansion going forward.

05/19/26 11:14 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 2025 ended on June 28, 2025.

Avnet's net income were at $240.22 million at the end of 2025, a 51.8% decrease from 2024, and a 58.0% decrease since 2015. See Avnet's forecast for analyst expectations on what's next for the company.

Avnet's total operating income in 2025 was $514.25 million, based on the following breakdown:

Total Gross Profit: $2.38 billion
Total Operating Expenses: $1.87 billion

Over the last 10 years, Avnet's total revenue changed from $17.66 billion in 2015 to $22.20 billion in 2025, a change of 25.7%.

Avnet's total liabilities were at $7.11 billion at the end of 2025, a 2.4% decrease from 2024, and a 16.2% increase since 2015.

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 $192.43 million as of their latest financial filing in 2025.

Over the last 10 years, Avnet's book value per share changed from 34.49 in 2015 to 59.76 in 2025, a change of 73.3%.

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Financial statements for NASDAQ:AVT last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Avnet (AVT) Financials

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