Arrow Electronics (ARW) Financials

$116.96 +1.81 (+1.57%)

As of 11:24 AM Eastern

Annual Income Statements for Arrow Electronics

This table shows Arrow Electronics' 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	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	498	523	402	716	-204	584	1,108	1,427	904	392
Consolidated Net Income / (Loss)	500	525	407	722	-200	586	1,110	1,435	909	394
Net Income / (Loss) Continuing Operations	500	525	407	722	-200	586	1,110	1,435	909	394
Total Pre-Tax Income	692	716	694	909	-112	759	1,436	1,884	1,164	489
Total Operating Income	824	877	967	1,151	108	895	1,557	2,068	1,471	769
Total Gross Profit	3,035	3,144	3,357	3,701	3,298	3,191	4,202	4,837	4,149	3,292
Total Revenue	23,282	23,488	26,555	29,677	28,917	28,673	34,477	37,124	33,107	27,923
Operating Revenue	23,282	23,488	26,555	29,677	28,917	28,673	34,477	37,124	33,107	27,923
Total Cost of Revenue	20,247	20,344	23,198	25,976	25,618	25,482	30,275	32,288	28,958	24,631
Operating Cost of Revenue	20,247	20,344	23,198	25,976	25,618	25,482	30,275	32,288	28,958	24,631
Total Operating Expenses	2,211	2,267	2,390	2,550	3,191	2,297	2,646	2,768	2,678	2,524
Selling, General & Admin Expense	1,986	2,047	2,162	2,303	2,192	2,087	2,435	2,567	2,413	2,218
Depreciation Expense	156	159	154	186	190	189	195	187	181	163
Restructuring Charge	69	61	75	60	90	21	15	14	84	143
Total Other Income / (Expense), net	-132	-161	-273	-242	-220	-135	-120	-184	-307	-279
Interest Expense	138	151	225	215	204	137	132	186	329	271
Interest & Investment Income	6.05	10	-3.15	-16	9.07	4.82	16	4.81	26	-3.46
Other Income / (Expense), net	-	-20	-45	-10	-25	-2.86	-5.18	-3.50	-3.78	-4.29
Income Tax Expense	192	191	287	188	88	173	326	449	255	96
Net Income / (Loss) Attributable to Noncontrolling Interest	2.76	1.97	5.20	5.38	3.92	2.03	2.27	8.27	5.86	1.43
Basic Earnings per Share	$5.26	$5.75	$4.54	$8.19	($2.44)	$7.49	$15.29	$22.01	$16.03	$7.36
Weighted Average Basic Shares Outstanding	94.61M	90.96M	88.68M	87.48M	83.57M	77.99M	72.47M	64.84M	56.36M	53.28M
Diluted Earnings per Share	$5.20	$5.68	$4.48	$8.10	($2.44)	$7.43	$15.10	$21.80	$15.84	$7.29
Weighted Average Diluted Shares Outstanding	95.69M	92.03M	89.77M	88.44M	83.57M	78.64M	73.39M	65.45M	57.04M	53.80M
Weighted Average Basic & Diluted Shares Outstanding	94.60M	90.90M	88.60M	87.40M	80.64M	74.60M	67.69M	58.28M	53.81M	52.17M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	342	349	274	237	199	195	84	109	101	99	80
Consolidated Net Income / (Loss)	344	354	275	238	200	196	83	110	101	100	80
Net Income / (Loss) Continuing Operations	344	354	275	238	200	196	83	110	101	100	80
Total Pre-Tax Income	449	471	352	310	252	250	105	139	116	129	103
Total Operating Income	503	523	422	392	340	317	186	212	175	195	159
Total Gross Profit	1,187	1,206	1,114	1,066	980	990	858	846	785	803	774
Total Revenue	9,266	9,323	8,736	8,515	8,007	7,849	6,924	6,893	6,823	7,283	6,814
Operating Revenue	9,266	9,323	8,736	8,515	8,007	7,849	6,924	6,893	6,823	7,283	6,814
Total Cost of Revenue	8,080	8,117	7,623	7,448	7,027	6,860	6,066	6,046	6,038	6,480	6,040
Operating Cost of Revenue	8,080	8,117	7,623	7,448	7,027	6,860	6,066	6,046	6,038	6,480	6,040
Total Operating Expenses	684	683	692	674	640	673	672	634	610	608	615
Selling, General & Admin Expense	634	635	642	617	563	590	583	553	535	548	562
Depreciation Expense	46	46	47	46	45	43	42	41	41	40	36
Restructuring Charge	3.64	2.71	2.56	10	31	40	47	41	34	21	17
Total Other Income / (Expense), net	-54	-52	-70	-82	-88	-67	-81	-73	-59	-66	-55
Interest Expense	51	61	80	85	82	82	80	69	63	60	56
Interest & Investment Income	-1.76	11	10	3.56	-4.77	17	-0.25	-3.36	4.76	-4.61	1.46
Other Income / (Expense), net	-0.89	-	-0.85	-0.80	-0.85	-1.27	-0.93	-0.98	-0.98	-1.39	-0.62
Income Tax Expense	106	117	77	72	52	54	22	30	15	29	23
Net Income / (Loss) Attributable to Noncontrolling Interest	1.21	4.66	1.58	1.23	1.38	1.67	-0.50	0.93	0.33	0.68	0.14
Basic Earnings per Share	$5.33	$5.70	$4.66	$4.17	$3.57	$3.63	$1.54	$2.03	$1.90	$1.89	$1.53
Weighted Average Basic Shares Outstanding	64.23M	64.84M	58.73M	56.72M	55.60M	56.36M	54.25M	53.64M	53.01M	53.28M	52.27M
Diluted Earnings per Share	$5.27	$5.68	$4.60	$4.12	$3.53	$3.59	$1.53	$2.01	$1.88	$1.87	$1.51
Weighted Average Diluted Shares Outstanding	64.98M	65.45M	59.48M	57.36M	56.30M	57.04M	54.82M	54.18M	53.48M	53.80M	52.67M
Weighted Average Basic & Diluted Shares Outstanding	61.51M	58.28M	56.49M	55.66M	54.16M	53.81M	53.23M	52.94M	52.59M	52.17M	51.87M

This table details how cash moves in and out of Arrow Electronics' 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	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-127	261	196	-221	-209	74	-151	-45	41	-29
Net Cash From Operating Activities	660	360	125	273	858	1,360	419	-33	705	1,130
Net Cash From Continuing Operating Activities	660	360	125	273	858	1,360	419	-33	705	1,130
Net Income / (Loss) Continuing Operations	500	525	407	722	-200	586	1,110	1,435	909	394
Consolidated Net Income / (Loss)	500	525	407	722	-200	586	1,110	1,435	909	394
Depreciation Expense	156	159	154	186	190	189	195	187	181	163
Non-Cash Adjustments To Reconcile Net Income	49	36	151	77	732	43	28	42	45	46
Changes in Operating Assets and Liabilities, net	-45	-360	-588	-712	136	542	-915	-1,697	-430	528
Net Cash From Investing Activities	-664	-241	-189	-463	-174	-139	-60	-58	-72	-94
Net Cash From Continuing Investing Activities	-664	-241	-189	-463	-174	-139	-60	-58	-72	-94
Purchase of Property, Plant & Equipment	-155	-165	-204	-135	-143	-124	-83	-79	-83	-93
Acquisitions	-515	-65	-3.63	-352	-7.62	-0.71	-	0.00	0.00	-35
Sale of Property, Plant & Equipment	3.50	0.00	24	5.42	0.00	0.00	22	0.00	0.00	22
Sale and/or Maturity of Investments	2.01	-	-	-	-	0.00	0.76	21	11	11
Net Cash From Financing Activities	-89	162	257	-37	-906	-1,227	-463	110	-666	-957
Net Cash From Continuing Financing Activities	-89	162	257	-37	-906	-1,227	-463	110	-666	-957
Repayment of Debt	-431	-2.01	-602	-1.17	-519	-0.14	376	-350	-300	-1,001
Repurchase of Common Equity	-356	-216	-174	-243	-404	-484	-912	-1,049	-770	-265
Issuance of Debt	688	362	1,034	499	0.00	-507	-	1,492	330	304
Other Financing Activities, net	10	19	-1.16	-291	17	-237	72	17	74	5.35
Effect of Exchange Rate Changes	-34	-19	3.22	6.35	13	80	-47	-64	74	-108

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025
Net Change in Cash & Equivalents	108	-157	29	35	93	-115	25	-30	35	-59	43
Net Cash From Operating Activities	141	109	224	-127	322	287	403	320	81	326	352
Net Cash From Continuing Operating Activities	141	109	224	-127	322	287	403	320	81	326	352
Net Income / (Loss) Continuing Operations	344	354	275	238	200	196	83	110	101	100	80
Consolidated Net Income / (Loss)	344	354	275	238	200	196	83	110	101	100	80
Depreciation Expense	46	46	47	46	45	43	42	41	41	40	36
Non-Cash Adjustments To Reconcile Net Income	5.84	-2.43	11	6.96	12	15	15	17	3.13	10	17
Changes in Operating Assets and Liabilities, net	-255	-289	-109	-418	64	32	263	152	-64	177	219
Net Cash From Investing Activities	-18	-24	-9.25	-17	-21	-26	-24	-21	-7.84	-41	-25
Net Cash From Continuing Investing Activities	-18	-24	-9.25	-17	-21	-26	-24	-21	-7.84	-41	-25
Purchase of Property, Plant & Equipment	-19	-24	-20	-17	-21	-26	-30	-22	-19	-23	-25
Sale of Property, Plant & Equipment	-	-	11	0.10	-	-11	5.14	1.31	11	5.33	0.00
Sale and/or Maturity of Investments	0.26	0.32	-	-	-	-	-	-	-	-	0.00
Net Cash From Financing Activities	68	-346	-211	153	-157	-451	-318	-317	-120	-201	-342
Net Cash From Continuing Financing Activities	68	-346	-211	153	-157	-451	-318	-317	-120	-201	-342
Repayment of Debt	-350	-	-300	-0.14	-	-	-710	210	-501	-0.00	-284
Repurchase of Common Equity	-241	-324	-304	-212	-203	-50	-88	-75	-51	-51	-59
Other Financing Activities, net	351	0.91	5.93	67	0.44	0.19	2.93	1.84	0.59	0.00	0.90
Effect of Exchange Rate Changes	-	-	-	-	-	-	-36	-	-	-	58

This table presents Arrow Electronics' 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	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	13,022	14,206	16,459	17,784	16,401	17,054	19,536	21,763	21,726	21,758
Total Current Assets	9,186	10,317	12,414	13,608	12,526	13,153	15,893	18,340	18,327	18,401
Cash & Equivalents	273	534	730	509	300	374	222	177	218	189
Accounts Receivable	6,161	6,747	8,126	8,945	8,483	9,205	11,124	12,323	12,238	13,031
Inventories, net	2,466	2,856	3,303	3,879	3,477	3,287	4,202	5,319	5,187	4,710
Other Current Assets	285	180	256	275	266	287	345	521	684	472
Plant, Property, & Equipment, net	700	756	838	825	803	800	683	596	531	469
Plant, Property & Equipment, gross	1,436	1,496	1,504	1,593	1,663	1,769	1,716	1,774	1,834	1,823
Accumulated Depreciation	735	740	666	768	860	969	1,033	1,177	1,303	1,354
Total Noncurrent Assets	3,135	3,133	3,207	3,351	3,072	3,101	2,959	2,826	2,868	2,887
Long-Term Investments	73	88	88	84	87	76	64	65	63	57
Goodwill	2,369	2,392	2,470	2,625	2,061	2,115	2,080	2,028	2,050	2,055
Intangible Assets	389	337	286	373	272	234	195	159	127	97
Other Noncurrent Operating Assets	304	316	362	270	651	676	620	575	627	678
Total Liabilities & Shareholders' Equity	13,022	14,206	16,459	17,784	16,401	17,054	19,536	21,763	21,726	21,758
Total Liabilities	8,827	9,741	11,461	12,408	11,534	11,905	14,195	16,152	15,849	15,926
Total Current Liabilities	6,056	6,689	7,955	8,790	8,258	9,131	11,326	12,390	13,188	12,636
Short-Term Debt	44	94	357	246	331	159	383	590	1,654	350
Accounts Payable	5,193	5,774	6,757	7,632	7,046	7,938	9,617	10,460	10,070	11,047
Accrued Expenses	819	821	842	912	881	1,034	1,326	1,339	1,464	1,239
Total Noncurrent Liabilities	2,771	3,052	3,506	3,618	3,276	2,774	2,869	3,762	2,661	3,290
Long-Term Debt	2,381	2,696	2,933	3,239	2,640	2,098	2,244	3,183	2,154	2,774
Other Noncurrent Operating Liabilities	390	355	573	379	636	676	624	579	507	516
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	4,195	4,466	4,998	5,376	4,866	5,149	5,341	5,611	5,877	5,832
Total Preferred & Common Equity	4,142	4,413	4,949	5,325	4,812	5,089	5,282	5,546	5,805	5,761
Total Common Equity	4,142	4,413	4,949	5,325	4,812	5,089	5,282	5,546	5,805	5,761
Common Stock	1,233	1,238	1,240	1,261	1,275	1,291	1,315	1,334	611	618
Retained Earnings	4,674	5,197	5,597	6,335	6,131	6,680	7,788	9,215	5,790	5,981
Treasury Stock	-1,480	-1,637	-1,762	-1,972	-2,333	-2,777	-3,629	-4,637	-298	-328
Accumulated Other Comprehensive Income / (Loss)	-285	-384	-125	-299	-262	-105	-192	-365	-298	-509
Noncontrolling Interest	52	52	49	51	54	60	59	65	72	70

This table presents Arrow Electronics' 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
Period end date	10/1/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025
Total Assets	20,506	20,277	20,536	20,638	20,263	20,108	20,935	21,401
Total Current Assets	17,131	16,867	17,131	17,306	16,901	16,765	17,527	18,032
Cash & Equivalents	334	206	240	333	243	213	248	232
Accounts Receivable	11,219	10,656	11,036	10,663	11,063	10,887	11,727	12,424
Inventories, net	5,083	5,526	5,452	5,806	4,797	4,655	4,530	4,799
Other Current Assets	495	480	403	504	799	1,011	1,023	578
Plant, Property, & Equipment, net	596	579	558	536	517	500	494	471
Plant, Property & Equipment, gross	1,734	1,794	1,804	1,808	1,826	1,820	1,848	1,861
Accumulated Depreciation	1,138	1,214	1,246	1,272	1,309	1,320	1,354	1,390
Total Noncurrent Assets	2,779	2,830	2,846	2,796	2,845	2,843	2,914	2,897
Long-Term Investments	66	60	62	63	59	60	62	59
Goodwill	1,979	2,036	2,044	2,022	2,055	2,053	2,084	2,079
Intangible Assets	166	151	143	135	119	112	105	91
Other Noncurrent Operating Assets	567	583	597	576	612	617	663	668
Total Liabilities & Shareholders' Equity	20,506	20,277	20,536	20,638	20,263	20,108	20,935	21,401
Total Liabilities	15,203	14,676	14,881	15,085	14,494	14,294	14,899	15,403
Total Current Liabilities	11,418	10,390	10,669	11,936	11,361	11,319	11,971	12,603
Short-Term Debt	605	144	488	1,589	946	861	910	531
Accounts Payable	9,540	8,976	8,981	9,091	8,940	8,771	9,392	10,871
Accrued Expenses	1,273	1,270	1,200	1,257	1,475	1,687	1,669	1,201
Total Noncurrent Liabilities	3,785	4,286	4,212	3,149	3,133	2,975	2,928	2,800
Long-Term Debt	3,187	3,719	3,673	2,615	2,632	2,479	2,363	2,313
Other Noncurrent Operating Liabilities	598	567	539	534	501	496	564	488
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,303	5,600	5,654	5,553	5,769	5,814	6,036	5,997
Total Preferred & Common Equity	5,246	5,531	5,586	5,485	5,699	5,743	5,963	5,925
Total Common Equity	5,246	5,531	5,586	5,485	5,699	5,743	5,963	5,925
Common Stock	1,327	1,329	1,328	1,331	623	633	641	634
Retained Earnings	8,865	9,489	9,725	9,924	5,874	5,983	6,083	6,061
Treasury Stock	-4,338	-4,925	-5,108	-5,307	-406	-456	-506	-384
Accumulated Other Comprehensive Income / (Loss)	-608	-361	-359	-462	-392	-416	-254	-385
Noncontrolling Interest	57	70	68	68	70	71	73	72

This table displays calculated financial ratios and metrics derived from Arrow Electronics' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.25%	0.88%	13.06%	11.76%	-2.56%	-0.84%	20.24%	7.68%	-10.82%	-15.66%
EBITDA Growth	6.74%	3.60%	5.90%	23.39%	-79.46%	296.39%	61.63%	28.95%	-26.81%	-43.75%
EBIT Growth	8.16%	3.87%	7.65%	23.73%	-92.74%	976.26%	74.02%	33.08%	-28.94%	-47.92%
NOPAT Growth	7.23%	7.88%	-11.75%	60.94%	-91.75%	816.51%	74.20%	30.91%	-27.08%	-46.21%
Net Income Growth	0.42%	4.86%	-22.37%	77.13%	-127.74%	392.99%	89.35%	29.24%	-36.64%	-56.73%
EPS Growth	4.42%	9.23%	-21.13%	80.80%	-130.12%	404.51%	103.23%	44.37%	-27.34%	-53.98%
Operating Cash Flow Growth	-1.97%	-45.50%	-65.37%	118.93%	214.64%	58.49%	-69.19%	-107.89%	2,232.75%	60.24%
Free Cash Flow Firm Growth	-87.67%	201.09%	-194.98%	142.43%	683.26%	32.81%	-59.78%	-75.81%	668.62%	47.99%
Invested Capital Growth	8.70%	5.74%	12.61%	10.70%	-9.89%	-6.65%	10.44%	19.01%	2.86%	-7.39%
Revenue Q/Q Growth	1.55%	-2.68%	5.71%	1.29%	-1.97%	4.05%	1.66%	0.83%	-4.26%	-1.99%
EBITDA Q/Q Growth	8.30%	-0.18%	-0.68%	5.21%	-28.59%	10.55%	12.22%	0.20%	-11.40%	-11.90%
EBIT Q/Q Growth	10.43%	-0.19%	-1.10%	5.46%	-57.49%	13.31%	13.99%	0.35%	-12.50%	-13.74%
NOPAT Q/Q Growth	8.37%	3.62%	-19.27%	29.95%	-47.42%	16.83%	13.13%	-0.24%	-11.08%	-13.44%
Net Income Q/Q Growth	9.43%	1.08%	-21.19%	32.50%	-150.63%	27.03%	13.78%	-1.20%	-14.79%	-19.66%
EPS Q/Q Growth	10.64%	2.34%	-21.27%	33.44%	-117.86%	29.67%	16.51%	2.49%	-11.66%	-19.09%
Operating Cash Flow Q/Q Growth	16.20%	-47.86%	-43.57%	106.06%	36.99%	-17.82%	-29.12%	70.95%	33.76%	3.64%
Free Cash Flow Firm Q/Q Growth	42.58%	-39.65%	-591.12%	201.27%	27.49%	-20.32%	-7.50%	-50.20%	41.88%	22.11%
Invested Capital Q/Q Growth	-5.49%	-2.30%	0.43%	0.19%	-3.18%	2.31%	4.57%	5.16%	0.46%	-3.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.04%	13.39%	12.64%	12.47%	11.41%	11.13%	12.19%	13.03%	12.53%	11.79%
EBITDA Margin	4.21%	4.32%	4.05%	4.47%	0.94%	3.77%	5.07%	6.07%	4.98%	3.32%
Operating Margin	3.54%	3.73%	3.64%	3.88%	0.37%	3.12%	4.52%	5.57%	4.44%	2.75%
EBIT Margin	3.54%	3.65%	3.47%	3.84%	0.29%	3.11%	4.50%	5.56%	4.43%	2.74%
Profit (Net Income) Margin	2.15%	2.23%	1.53%	2.43%	-0.69%	2.05%	3.22%	3.87%	2.75%	1.41%
Tax Burden Percent	72.31%	73.34%	58.71%	79.35%	178.99%	77.24%	77.31%	76.17%	78.10%	80.42%
Interest Burden Percent	83.95%	83.55%	75.27%	79.72%	-134.98%	85.15%	92.57%	91.24%	79.35%	64.02%
Effective Tax Rate	27.69%	26.66%	41.29%	20.65%	0.00%	22.76%	22.69%	23.83%	21.90%	19.58%
Return on Invested Capital (ROIC)	9.90%	9.97%	8.05%	11.61%	0.96%	9.59%	16.45%	18.73%	12.39%	6.82%
ROIC Less NNEP Spread (ROIC-NNEP)	4.71%	4.39%	1.14%	4.46%	-9.10%	4.83%	11.96%	13.95%	5.60%	-0.19%
Return on Net Nonoperating Assets (RNNOA)	2.08%	2.15%	0.56%	2.30%	-4.87%	2.12%	4.73%	7.48%	3.44%	-0.10%
Return on Equity (ROE)	11.98%	12.12%	8.61%	13.91%	-3.91%	11.71%	21.17%	26.21%	15.83%	6.72%
Cash Return on Invested Capital (CROIC)	1.56%	4.39%	-3.81%	1.45%	11.36%	16.47%	6.52%	1.37%	9.57%	14.50%
Operating Return on Assets (OROA)	6.48%	6.29%	6.01%	6.66%	0.48%	5.33%	8.48%	10.00%	6.75%	3.52%
Return on Assets (ROA)	3.93%	3.85%	2.66%	4.21%	-1.17%	3.51%	6.07%	6.95%	4.18%	1.81%
Return on Common Equity (ROCE)	11.90%	11.97%	8.52%	13.78%	-3.87%	11.58%	20.93%	25.91%	15.64%	6.64%
Return on Equity Simple (ROE_SIMPLE)	12.08%	11.89%	8.23%	13.55%	-4.16%	11.52%	21.02%	25.88%	15.66%	6.83%
Net Operating Profit after Tax (NOPAT)	596	643	568	913	75	691	1,204	1,576	1,149	618
NOPAT Margin	2.56%	2.74%	2.14%	3.08%	0.26%	2.41%	3.49%	4.24%	3.47%	2.21%
Net Nonoperating Expense Percent (NNEP)	5.18%	5.57%	6.91%	7.15%	10.06%	4.76%	4.49%	4.78%	6.79%	7.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.79%	11.86%	6.90%
Cost of Revenue to Revenue	86.96%	86.61%	87.36%	87.53%	88.59%	88.87%	87.81%	86.97%	87.47%	88.21%
SG&A Expenses to Revenue	8.53%	8.71%	8.14%	7.76%	7.58%	7.28%	7.06%	6.91%	7.29%	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%
Operating Expenses to Revenue	9.50%	9.65%	9.00%	8.59%	11.03%	8.01%	7.67%	7.46%	8.09%	9.04%
Earnings before Interest and Taxes (EBIT)	824	856	922	1,141	83	892	1,552	2,065	1,467	764
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	980	1,016	1,075	1,327	273	1,081	1,747	2,252	1,649	927
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.22	1.45	0.00	1.13	1.43	1.44	1.77	1.16	1.14	1.03
Price to Tangible Book Value (P/TBV)	3.66	3.79	0.00	2.58	2.78	2.68	3.11	1.91	1.83	1.65
Price to Revenue (P/Rev)	0.22	0.27	0.00	0.20	0.24	0.26	0.27	0.17	0.20	0.21
Price to Earnings (P/E)	10.18	12.22	0.02	8.39	0.00	12.58	8.44	4.51	7.33	15.17
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	9.82%	8.19%	5,685.34%	11.92%	0.00%	7.95%	11.85%	22.18%	13.65%	6.59%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.30	0.34	1.08	1.28	1.33	1.53	1.10	1.09	1.02
Enterprise Value to Revenue (EV/Rev)	0.31	0.37	0.10	0.30	0.33	0.32	0.34	0.27	0.31	0.32
Enterprise Value to EBITDA (EV/EBITDA)	7.34	8.48	2.35	6.75	35.00	8.53	6.73	4.45	6.20	9.59
Enterprise Value to EBIT (EV/EBIT)	8.73	10.05	2.74	7.85	115.16	10.34	7.57	4.86	6.96	11.64
Enterprise Value to NOPAT (EV/NOPAT)	12.07	13.38	4.45	9.80	126.56	13.34	9.76	6.36	8.89	14.39
Enterprise Value to Operating Cash Flow (EV/OCF)	10.91	23.93	20.29	32.84	11.12	6.78	28.04	0.00	14.49	7.87
Enterprise Value to Free Cash Flow (EV/FCFF)	76.59	30.42	0.00	78.52	10.68	7.77	24.62	86.88	11.52	6.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.62	0.66	0.65	0.61	0.44	0.49	0.67	0.65	0.54
Long-Term Debt to Equity	0.57	0.60	0.59	0.60	0.54	0.41	0.42	0.57	0.37	0.48
Financial Leverage	0.44	0.49	0.49	0.52	0.53	0.44	0.40	0.54	0.61	0.55
Leverage Ratio	3.05	3.14	3.24	3.30	3.34	3.34	3.49	3.77	3.79	3.71
Compound Leverage Factor	2.56	2.63	2.44	2.63	-4.51	2.84	3.23	3.44	3.00	2.38
Debt to Total Capital	36.63%	38.45%	39.70%	39.33%	37.91%	30.47%	32.97%	40.20%	39.31%	34.88%
Short-Term Debt to Total Capital	0.67%	1.29%	4.31%	2.78%	4.23%	2.14%	4.80%	6.29%	17.08%	3.91%
Long-Term Debt to Total Capital	35.96%	37.16%	35.39%	36.55%	33.68%	28.33%	28.17%	33.92%	22.24%	30.97%
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	0.79%	0.72%	0.59%	0.58%	0.70%	0.81%	0.73%	0.69%	0.74%	0.79%
Common Equity to Total Capital	62.58%	60.83%	59.72%	60.09%	61.39%	68.72%	66.29%	59.10%	59.94%	64.33%
Debt to EBITDA	2.47	2.75	3.06	2.63	10.90	2.09	1.50	1.68	2.31	3.37
Net Debt to EBITDA	2.12	2.13	2.30	2.18	9.48	1.67	1.34	1.57	2.14	3.10
Long-Term Debt to EBITDA	2.43	2.66	2.73	2.44	9.68	1.94	1.28	1.41	1.31	2.99
Debt to NOPAT	4.07	4.34	5.80	3.82	39.42	3.27	2.18	2.39	3.31	5.05
Net Debt to NOPAT	3.49	3.37	4.35	3.17	34.28	2.61	1.95	2.24	3.07	4.66
Long-Term Debt to NOPAT	3.99	4.19	5.17	3.55	35.02	3.04	1.86	2.02	1.87	4.49
Altman Z-Score	3.13	3.06	2.60	2.99	2.97	3.06	3.26	3.18	2.65	2.33
Noncontrolling Interest Sharing Ratio	0.69%	1.21%	1.07%	0.96%	1.03%	1.14%	1.13%	1.13%	1.19%	1.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.54	1.56	1.55	1.52	1.44	1.40	1.48	1.39	1.46
Quick Ratio	1.06	1.09	1.11	1.08	1.06	1.05	1.00	1.01	0.94	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	94	283	-269	114	893	1,186	477	115	887	1,313
Operating Cash Flow to CapEx	436.21%	218.39%	69.38%	209.90%	599.20%	1,100.33%	688.21%	-41.96%	847.03%	1,609.29%
Free Cash Flow to Firm to Interest Expense	0.68	1.87	-1.20	0.53	4.38	8.65	3.62	0.62	2.70	4.84
Operating Cash Flow to Interest Expense	4.77	2.38	0.55	1.27	4.21	9.91	3.18	-0.18	2.15	4.16
Operating Cash Flow Less CapEx to Interest Expense	3.68	1.29	-0.24	0.66	3.51	9.01	2.72	-0.60	1.89	3.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.83	1.73	1.73	1.73	1.69	1.71	1.88	1.80	1.52	1.28
Accounts Receivable Turnover	3.82	3.64	3.57	3.48	3.32	3.24	3.39	3.17	2.70	2.21
Inventory Turnover	8.43	7.64	7.53	7.23	6.97	7.53	8.08	6.78	5.51	4.98
Fixed Asset Turnover	34.84	32.25	33.30	35.69	35.53	35.78	46.51	58.04	58.74	55.85
Accounts Payable Turnover	3.96	3.71	3.70	3.61	3.49	3.40	3.45	3.22	2.82	2.33
Days Sales Outstanding (DSO)	95.67	100.30	102.21	104.98	109.99	112.58	107.61	115.26	135.39	165.15
Days Inventory Outstanding (DIO)	43.28	47.74	48.45	50.45	52.40	48.45	45.15	53.82	66.21	73.33
Days Payable Outstanding (DPO)	92.12	98.38	98.58	101.09	104.56	107.31	105.82	113.48	129.39	156.47
Cash Conversion Cycle (CCC)	46.84	49.66	52.08	54.34	57.83	53.71	46.93	55.60	72.22	82.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,273	6,633	7,469	8,269	7,451	6,956	7,682	9,142	9,404	8,709
Invested Capital Turnover	3.87	3.64	3.77	3.77	3.68	3.98	4.71	4.41	3.57	3.08
Increase / (Decrease) in Invested Capital	502	360	836	799	-818	-495	726	1,460	262	-695
Enterprise Value (EV)	7,198	8,607	2,527	8,954	9,541	9,217	11,749	10,028	10,220	8,897
Market Capitalization	5,067	6,387	7.07	6,011	6,902	7,351	9,349	6,432	6,621	5,949
Book Value per Share	$44.29	$49.26	$56,258.80	$61.09	$59.08	$67.37	$75.86	$90.17	$107.19	$109.55
Tangible Book Value per Share	$14.80	$18.80	$24,928.02	$26.70	$30.43	$36.27	$43.18	$54.62	$66.98	$68.63
Total Capital	6,619	7,256	8,288	8,862	7,838	7,406	7,968	9,384	9,685	8,955
Total Debt	2,425	2,790	3,290	3,485	2,972	2,257	2,627	3,773	3,808	3,124
Total Long-Term Debt	2,381	2,696	2,933	3,239	2,640	2,098	2,244	3,183	2,154	2,774
Net Debt	2,078	2,167	2,471	2,892	2,585	1,807	2,341	3,531	3,527	2,878
Capital Expenditures (CapEx)	151	165	180	130	143	124	61	79	83	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,901	3,187	4,086	4,555	4,299	3,807	4,728	6,364	6,575	5,926
Debt-free Net Working Capital (DFNWC)	3,174	3,721	4,816	5,064	4,599	4,181	4,950	6,541	6,794	6,115
Net Working Capital (NWC)	3,130	3,627	4,459	4,818	4,268	4,022	4,567	5,951	5,140	5,765
Net Nonoperating Expense (NNE)	96	118	160	192	276	104	93	140	240	225
Net Nonoperating Obligations (NNO)	2,078	2,167	2,471	2,892	2,585	1,807	2,341	3,531	3,527	2,878
Total Depreciation and Amortization (D&A)	156	159	154	186	190	189	195	187	181	163
Debt-free, Cash-free Net Working Capital to Revenue	12.46%	13.57%	15.39%	15.35%	14.87%	13.28%	13.71%	17.14%	19.86%	21.22%
Debt-free Net Working Capital to Revenue	13.63%	15.84%	18.14%	17.06%	15.91%	14.58%	14.36%	17.62%	20.52%	21.90%
Net Working Capital to Revenue	13.45%	15.44%	16.79%	16.23%	14.76%	14.03%	13.25%	16.03%	15.52%	20.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.26	$5.75	$4.53	$8.19	($2.44)	$7.49	$15.29	$22.01	$16.03	$7.36
Adjusted Weighted Average Basic Shares Outstanding	94.61M	90.96M	88.68M	87.48M	83.57M	77.99M	72.47M	64.84M	56.36M	53.28M
Adjusted Diluted Earnings per Share	$5.20	$5.68	$4.48	$8.10	($2.44)	$7.43	$15.10	$21.80	$15.84	$7.29
Adjusted Weighted Average Diluted Shares Outstanding	95.69M	92.03M	89.77M	88.44M	83.57M	78.64M	73.39M	65.45M	57.04M	53.80M
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	95.64M	95.64M	87.71M	84.92M	80.64M	74.60M	67.69M	58.28M	53.81M	52.17M
Normalized Net Operating Profit after Tax (NOPAT)	646	688	611	961	627	707	1,215	1,586	1,215	733
Normalized NOPAT Margin	2.77%	2.93%	2.30%	3.24%	2.17%	2.46%	3.53%	4.27%	3.67%	2.63%
Pre Tax Income Margin	2.97%	3.05%	2.61%	3.06%	-0.39%	2.65%	4.17%	5.08%	3.52%	1.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.96	5.66	4.10	5.31	0.41	6.50	11.78	11.12	4.46	2.82
NOPAT to Interest Expense	4.31	4.25	2.52	4.25	0.37	5.04	9.14	8.49	3.50	2.28
EBIT Less CapEx to Interest Expense	4.87	4.57	3.30	4.71	-0.30	5.60	11.32	10.70	4.21	2.56
NOPAT Less CapEx to Interest Expense	3.22	3.16	1.73	3.65	-0.33	4.13	8.67	8.06	3.24	2.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	71.22%	41.24%	42.77%	33.72%	-201.93%	82.48%	82.09%	73.13%	84.70%	67.38%

This table displays calculated financial ratios and metrics derived from Arrow Electronics' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.86%	3.40%	-3.72%	-10.00%	-13.59%	-15.81%	-20.74%	-19.05%	-14.78%	-7.21%	-1.59%
EBITDA Growth	21.34%	1.67%	-16.24%	-24.43%	-29.89%	-36.89%	-51.56%	-42.35%	-44.08%	-34.92%	-14.54%
EBIT Growth	24.33%	2.33%	-17.45%	-26.42%	-32.40%	-39.65%	-56.09%	-46.02%	-48.62%	-38.59%	-14.62%
NOPAT Growth	22.11%	-0.94%	-15.41%	-26.18%	-29.89%	-36.77%	-55.51%	-44.48%	-43.51%	-39.07%	-16.51%
Net Income Growth	18.26%	-4.69%	-24.77%	-35.99%	-41.78%	-44.58%	-69.82%	-53.90%	-49.56%	-49.09%	-3.89%
EPS Growth	31.75%	10.29%	-13.37%	-25.63%	-33.02%	-36.80%	-66.74%	-51.21%	-46.74%	-47.91%	-1.31%
Operating Cash Flow Growth	23.48%	289.66%	211.76%	-53.55%	128.05%	163.82%	80.16%	352.50%	-74.96%	13.85%	-12.78%
Free Cash Flow Firm Growth	-313.07%	-223.66%	3.78%	39.50%	58.75%	98.75%	146.90%	228.37%	229.26%	6,444.45%	106.40%
Invested Capital Growth	18.34%	19.01%	11.78%	10.75%	7.67%	2.86%	-1.66%	-6.65%	-3.86%	-7.39%	-5.48%
Revenue Q/Q Growth	-2.05%	0.61%	-6.29%	-2.54%	-5.96%	-1.97%	-11.78%	-0.45%	-1.01%	6.74%	-6.44%
EBITDA Q/Q Growth	-5.39%	3.68%	-17.64%	-6.47%	-12.22%	-6.68%	-36.78%	11.30%	-14.84%	8.60%	-16.97%
EBIT Q/Q Growth	-5.67%	4.14%	-19.38%	-7.09%	-13.34%	-7.02%	-41.35%	14.22%	-17.52%	11.15%	-18.47%
NOPAT Q/Q Growth	-5.59%	2.19%	-15.96%	-8.96%	-10.33%	-7.84%	-40.87%	13.61%	-8.76%	-0.59%	-18.97%
Net Income Q/Q Growth	-7.51%	3.04%	-22.24%	-13.63%	-15.88%	-1.92%	-57.65%	31.92%	-7.96%	-1.00%	-20.05%
EPS Q/Q Growth	-4.87%	7.78%	-19.01%	-10.43%	-14.32%	1.70%	-57.38%	31.37%	-6.47%	-0.53%	-19.25%
Operating Cash Flow Q/Q Growth	270.82%	-22.95%	105.92%	-156.66%	353.70%	-10.87%	40.62%	-20.59%	-74.84%	305.25%	7.72%
Free Cash Flow Firm Q/Q Growth	6.45%	-10.82%	40.13%	2.53%	36.21%	96.64%	2,346.16%	166.82%	-35.77%	64.81%	-26.93%
Invested Capital Q/Q Growth	1.22%	5.16%	0.61%	3.42%	-1.60%	0.46%	-3.81%	-1.83%	1.34%	-3.23%	-1.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.81%	12.94%	12.75%	12.52%	12.23%	12.61%	12.39%	12.28%	11.50%	11.03%	11.36%
EBITDA Margin	5.91%	6.09%	5.36%	5.14%	4.80%	4.57%	3.27%	3.66%	3.15%	3.20%	2.84%
Operating Margin	5.42%	5.61%	4.83%	4.61%	4.25%	4.03%	2.69%	3.08%	2.57%	2.68%	2.33%
EBIT Margin	5.42%	5.61%	4.82%	4.60%	4.24%	4.02%	2.67%	3.07%	2.55%	2.66%	2.32%
Profit (Net Income) Margin	3.71%	3.80%	3.15%	2.79%	2.50%	2.50%	1.20%	1.59%	1.48%	1.37%	1.17%
Tax Burden Percent	76.51%	75.21%	78.25%	76.66%	79.29%	78.47%	79.04%	78.65%	86.91%	77.61%	77.38%
Interest Burden Percent	89.50%	90.08%	83.52%	79.24%	74.37%	79.27%	56.83%	65.97%	66.61%	66.44%	65.35%
Effective Tax Rate	23.49%	24.79%	21.75%	23.34%	20.71%	21.53%	20.96%	21.35%	13.09%	22.39%	22.62%
Return on Invested Capital (ROIC)	19.05%	18.60%	15.96%	13.99%	12.90%	11.30%	7.28%	7.81%	6.93%	6.41%	5.69%
ROIC Less NNEP Spread (ROIC-NNEP)	17.56%	17.28%	14.24%	12.20%	10.97%	9.82%	5.42%	6.16%	5.41%	4.80%	4.22%
Return on Net Nonoperating Assets (RNNOA)	9.16%	9.26%	8.26%	7.78%	7.27%	6.03%	3.28%	3.72%	3.16%	2.63%	2.09%
Return on Equity (ROE)	28.22%	27.87%	24.22%	21.77%	20.17%	17.34%	10.56%	11.53%	10.09%	9.04%	7.78%
Cash Return on Invested Capital (CROIC)	2.89%	1.37%	6.26%	5.35%	6.93%	9.57%	12.25%	15.92%	11.71%	14.50%	12.38%
Operating Return on Assets (OROA)	10.51%	10.08%	8.92%	8.15%	7.12%	6.12%	4.12%	4.48%	3.50%	3.42%	3.09%
Return on Assets (ROA)	7.20%	6.83%	5.83%	4.95%	4.20%	3.81%	1.85%	2.32%	2.03%	1.76%	1.56%
Return on Common Equity (ROCE)	27.91%	27.55%	23.94%	21.52%	19.94%	17.13%	10.43%	11.39%	9.96%	8.93%	7.69%
Return on Equity Simple (ROE_SIMPLE)	27.69%	0.00%	24.31%	21.67%	19.46%	0.00%	12.58%	10.25%	8.21%	0.00%	6.59%
Net Operating Profit after Tax (NOPAT)	385	393	330	301	270	249	147	167	152	151	123
NOPAT Margin	4.15%	4.22%	3.78%	3.53%	3.37%	3.17%	2.12%	2.42%	2.23%	2.08%	1.80%
Net Nonoperating Expense Percent (NNEP)	1.49%	1.33%	1.72%	1.79%	1.93%	1.48%	1.86%	1.66%	1.52%	1.61%	1.47%
Return On Investment Capital (ROIC_SIMPLE)	-	4.19%	-	-	-	2.57%	-	-	-	1.69%	1.39%
Cost of Revenue to Revenue	87.19%	87.06%	87.25%	87.48%	87.77%	87.39%	87.61%	87.72%	88.50%	88.97%	88.64%
SG&A Expenses to Revenue	6.85%	6.81%	7.35%	7.25%	7.03%	7.52%	8.42%	8.02%	7.83%	7.52%	8.25%
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	7.38%	7.33%	7.92%	7.91%	7.99%	8.57%	9.70%	9.20%	8.93%	8.35%	9.03%
Earnings before Interest and Taxes (EBIT)	502	523	421	391	339	315	185	211	174	194	158
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	548	568	468	438	384	359	227	252	215	233	194
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.13	1.16	1.32	1.45	1.27	1.14	1.23	1.12	1.19	1.03	0.91
Price to Tangible Book Value (P/TBV)	1.91	1.91	2.18	2.38	2.09	1.83	1.99	1.80	1.88	1.65	1.44
Price to Revenue (P/Rev)	0.16	0.17	0.20	0.23	0.20	0.20	0.22	0.22	0.25	0.21	0.19
Price to Earnings (P/E)	4.08	4.51	5.45	6.73	6.59	7.33	9.83	10.98	14.55	15.17	13.94
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	24.49%	22.18%	18.36%	14.86%	15.18%	13.65%	10.17%	9.11%	6.87%	6.59%	7.17%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.10	1.19	1.26	1.16	1.09	1.15	1.08	1.13	1.02	0.94
Enterprise Value to Revenue (EV/Rev)	0.25	0.27	0.30	0.34	0.31	0.31	0.33	0.32	0.36	0.32	0.29
Enterprise Value to EBITDA (EV/EBITDA)	4.17	4.45	5.05	5.94	5.83	6.20	7.36	7.83	9.62	9.59	8.99
Enterprise Value to EBIT (EV/EBIT)	4.55	4.86	5.53	6.53	6.47	6.96	8.41	9.10	11.43	11.64	10.90
Enterprise Value to NOPAT (EV/NOPAT)	5.93	6.36	7.23	8.53	8.39	8.89	10.73	11.50	14.18	14.39	13.54
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	28.00	34.66	20.57	14.49	11.71	7.18	9.28	7.87	7.45
Enterprise Value to Free Cash Flow (EV/FCFF)	40.40	86.88	20.06	24.80	17.35	11.52	9.27	6.53	9.42	6.78	7.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.67	0.69	0.74	0.76	0.65	0.62	0.57	0.54	0.54	0.47
Long-Term Debt to Equity	0.60	0.57	0.66	0.65	0.47	0.37	0.46	0.43	0.39	0.48	0.39
Financial Leverage	0.52	0.54	0.58	0.64	0.66	0.61	0.60	0.60	0.58	0.55	0.50
Leverage Ratio	3.60	3.77	3.61	3.66	3.79	3.79	3.57	3.54	3.59	3.71	3.54
Compound Leverage Factor	3.22	3.40	3.01	2.90	2.82	3.00	2.03	2.34	2.39	2.47	2.31
Debt to Total Capital	41.69%	40.20%	40.82%	42.39%	43.08%	39.31%	38.28%	36.49%	35.16%	34.88%	32.16%
Short-Term Debt to Total Capital	6.65%	6.29%	1.52%	4.97%	16.28%	17.08%	10.12%	9.40%	9.77%	3.91%	6.01%
Long-Term Debt to Total Capital	35.04%	33.92%	39.30%	37.42%	26.80%	22.24%	28.16%	27.08%	25.39%	30.97%	26.16%
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	0.63%	0.69%	0.74%	0.69%	0.70%	0.74%	0.75%	0.77%	0.78%	0.79%	0.82%
Common Equity to Total Capital	57.68%	59.10%	58.44%	56.91%	56.22%	59.94%	60.97%	62.74%	64.06%	64.33%	67.02%
Debt to EBITDA	1.69	1.68	1.78	2.06	2.26	2.31	2.54	2.73	3.11	3.37	3.18
Net Debt to EBITDA	1.51	1.57	1.66	1.91	2.05	2.14	2.33	2.51	2.82	3.10	2.85
Long-Term Debt to EBITDA	1.42	1.41	1.72	1.81	1.41	1.31	1.87	2.03	2.25	2.99	2.59
Debt to NOPAT	2.40	2.39	2.55	2.96	3.25	3.31	3.71	4.01	4.58	5.05	4.79
Net Debt to NOPAT	2.15	2.24	2.38	2.74	2.95	3.07	3.39	3.69	4.15	4.66	4.30
Long-Term Debt to NOPAT	2.02	2.02	2.46	2.61	2.02	1.87	2.73	2.98	3.31	4.49	3.90
Altman Z-Score	3.05	2.94	3.22	3.18	2.99	2.48	2.60	2.52	2.40	2.24	2.24
Noncontrolling Interest Sharing Ratio	1.10%	1.13%	1.17%	1.14%	1.15%	1.19%	1.23%	1.21%	1.22%	1.21%	1.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	1.48	1.62	1.61	1.45	1.39	1.49	1.48	1.46	1.46	1.43
Quick Ratio	1.01	1.01	1.05	1.06	0.92	0.94	1.00	0.98	1.00	1.05	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-963	-1,067	-639	-623	-397	-13	300	799	513	846	618
Operating Cash Flow to CapEx	761.04%	451.81%	2,420.29%	-750.50%	1,556.40%	786.20%	1,652.77%	1,540.22%	1,027.26%	1,896.17%	1,407.90%
Free Cash Flow to Firm to Interest Expense	-18.90	-17.40	-8.02	-7.34	-4.83	-0.16	3.76	11.66	8.16	14.01	11.01
Operating Cash Flow to Interest Expense	2.77	1.77	2.81	-1.49	3.91	3.49	5.07	4.67	1.28	5.41	6.26
Operating Cash Flow Less CapEx to Interest Expense	2.41	1.38	2.69	-1.69	3.66	3.05	4.76	4.37	1.16	5.12	5.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.94	1.80	1.85	1.77	1.68	1.52	1.54	1.46	1.37	1.28	1.34
Accounts Receivable Turnover	3.58	3.17	3.46	3.28	3.16	2.70	2.88	2.71	2.54	2.21	2.37
Inventory Turnover	7.17	6.78	6.30	6.05	5.55	5.51	5.31	5.14	4.84	4.98	5.13
Fixed Asset Turnover	56.59	58.04	59.45	60.55	61.09	58.74	57.08	56.10	55.33	55.85	56.27
Accounts Payable Turnover	3.65	3.22	3.54	3.45	3.24	2.82	3.06	2.93	2.71	2.33	2.48
Days Sales Outstanding (DSO)	101.85	115.26	105.56	111.45	115.48	135.39	126.65	134.83	143.43	165.15	154.11
Days Inventory Outstanding (DIO)	50.88	53.82	57.93	60.34	65.77	66.21	68.75	70.94	75.41	73.33	71.17
Days Payable Outstanding (DPO)	100.09	113.48	103.01	105.90	112.53	129.39	119.33	124.61	134.87	156.47	146.95
Cash Conversion Cycle (CCC)	52.64	55.60	60.48	65.90	68.72	72.22	76.08	81.17	83.97	82.02	78.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,694	9,142	9,198	9,513	9,361	9,404	9,046	8,880	9,000	8,709	8,550
Invested Capital Turnover	4.59	4.41	4.22	3.96	3.83	3.57	3.43	3.23	3.10	3.08	3.16
Increase / (Decrease) in Invested Capital	1,348	1,460	969	923	667	262	-153	-632	-361	-695	-496
Enterprise Value (EV)	9,364	10,028	10,946	12,017	10,847	10,220	10,358	9,565	10,127	8,897	8,036
Market Capitalization	5,916	6,432	7,278	8,091	6,971	6,621	7,011	6,428	7,090	5,949	5,411
Book Value per Share	$81.74	$90.17	$94.89	$98.89	$98.54	$107.19	$105.05	$107.90	$112.63	$109.55	$113.57
Tangible Book Value per Share	$48.31	$54.62	$57.36	$60.18	$59.80	$66.98	$64.98	$67.22	$71.28	$68.63	$71.97
Total Capital	9,094	9,384	9,464	9,815	9,757	9,685	9,347	9,154	9,309	8,955	8,841
Total Debt	3,792	3,773	3,863	4,161	4,204	3,808	3,578	3,340	3,273	3,124	2,843
Total Long-Term Debt	3,187	3,183	3,719	3,673	2,615	2,154	2,632	2,479	2,363	2,774	2,313
Net Debt	3,391	3,531	3,598	3,858	3,807	3,527	3,276	3,066	2,964	2,878	2,552
Capital Expenditures (CapEx)	19	24	9.25	17	21	36	24	21	7.84	17	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,984	6,364	6,415	6,710	6,625	6,575	6,243	6,094	6,218	5,926	5,728
Debt-free Net Working Capital (DFNWC)	6,318	6,541	6,621	6,950	6,959	6,794	6,486	6,307	6,466	6,115	5,960
Net Working Capital (NWC)	5,713	5,951	6,477	6,462	5,370	5,140	5,540	5,447	5,556	5,765	5,429
Net Nonoperating Expense (NNE)	41	39	55	63	70	52	64	57	51	52	43
Net Nonoperating Obligations (NNO)	3,391	3,531	3,598	3,858	3,807	3,527	3,276	3,066	2,964	2,878	2,552
Total Depreciation and Amortization (D&A)	46	46	47	46	45	43	42	41	41	40	36
Debt-free, Cash-free Net Working Capital to Revenue	16.25%	17.14%	17.44%	18.72%	19.16%	19.86%	19.95%	20.54%	21.83%	21.22%	20.60%
Debt-free Net Working Capital to Revenue	17.16%	17.62%	18.00%	19.39%	20.12%	20.52%	20.73%	21.26%	22.70%	21.90%	21.43%
Net Working Capital to Revenue	15.52%	16.03%	17.61%	18.03%	15.53%	15.52%	17.70%	18.36%	19.50%	20.65%	19.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.33	$5.70	$4.66	$4.17	$3.57	$3.63	$1.54	$2.03	$1.90	$1.89	$1.53
Adjusted Weighted Average Basic Shares Outstanding	64.23M	64.84M	58.73M	56.72M	55.60M	56.36M	54.25M	53.64M	53.01M	53.28M	52.27M
Adjusted Diluted Earnings per Share	$5.27	$5.68	$4.60	$4.12	$3.53	$3.59	$1.53	$2.01	$1.88	$1.87	$1.51
Adjusted Weighted Average Diluted Shares Outstanding	64.98M	65.45M	59.48M	57.36M	56.30M	57.04M	54.82M	54.18M	53.48M	53.80M	52.67M
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	61.51M	58.28M	56.49M	55.66M	54.16M	53.81M	53.23M	52.94M	52.59M	52.17M	51.87M
Normalized Net Operating Profit after Tax (NOPAT)	387	395	332	309	295	280	184	199	182	168	136
Normalized NOPAT Margin	4.18%	4.24%	3.80%	3.62%	3.68%	3.56%	2.66%	2.88%	2.67%	2.30%	2.00%
Pre Tax Income Margin	4.85%	5.05%	4.03%	3.64%	3.15%	3.19%	1.52%	2.02%	1.70%	1.77%	1.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.85	8.52	5.29	4.61	4.13	3.84	2.32	3.08	2.77	3.21	2.81
NOPAT to Interest Expense	7.55	6.41	4.15	3.54	3.28	3.03	1.85	2.44	2.42	2.51	2.18
EBIT Less CapEx to Interest Expense	9.49	8.13	5.17	4.42	3.88	3.40	2.02	2.78	2.64	2.92	2.37
NOPAT Less CapEx to Interest Expense	7.19	6.02	4.03	3.35	3.03	2.58	1.54	2.13	2.30	2.22	1.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	67.14%	73.13%	80.99%	89.34%	97.82%	84.70%	77.30%	70.85%	54.07%	67.38%	60.63%

Frequently Asked Questions About Arrow Electronics' Financials

When does Arrow Electronics's fiscal year end?

According to the most recent income statement we have on file, Arrow Electronics' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Arrow Electronics' net income changed over the last 9 years?

Arrow Electronics' net income appears to be on an upward trend, with a most recent value of $393.51 million in 2024, falling from $500.49 million in 2015. The previous period was $909.36 million in 2023. See Arrow Electronics' forecast for analyst expectations on what’s next for the company.

What is Arrow Electronics's operating income?

Arrow Electronics's total operating income in 2024 was $768.56 million, based on the following breakdown:

Total Gross Profit: $3.29 billion
Total Operating Expenses: $2.52 billion

How has Arrow Electronics revenue changed over the last 9 years?

Over the last 9 years, Arrow Electronics' total revenue changed from $23.28 billion in 2015 to $27.92 billion in 2024, a change of 19.9%.

How much debt does Arrow Electronics have?

Arrow Electronics' total liabilities were at $15.93 billion at the end of 2024, a 0.5% increase from 2023, and a 80.4% increase since 2015.

How much cash does Arrow Electronics have?

In the past 9 years, Arrow Electronics' cash and equivalents has ranged from $176.92 million in 2022 to $730.08 million in 2017, and is currently $188.81 million as of their latest financial filing in 2024.

How has Arrow Electronics' book value per share changed over the last 9 years?

Over the last 9 years, Arrow Electronics' book value per share changed from 44.29 in 2015 to 109.55 in 2024, a change of 147.3%.

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

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Arrow Electronics (ARW) Financials

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Arrow Electronics (ARW) Financials

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