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Arrow Electronics (ARW) Financials

$191.55 +5.14 (+2.76%)

Closing price 05/6/2026 03:59 PM Eastern

Extended Trading

$192.25 +0.70 (+0.37%)

As of 05/6/2026 07:59 PM Eastern

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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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	498	523	402	716	-204	584	1,108	1,427	904	392	571
Consolidated Net Income / (Loss)	500	525	407	722	-200	586	1,110	1,435	909	394	570
Net Income / (Loss) Continuing Operations	500	525	407	722	-200	586	1,110	1,435	909	394	570
Total Pre-Tax Income	692	716	694	909	-112	759	1,436	1,884	1,164	489	718
Total Operating Income	824	877	967	1,151	108	895	1,557	2,068	1,471	769	822
Total Gross Profit	3,035	3,144	3,357	3,701	3,298	3,191	4,202	4,837	4,149	3,292	3,467
Total Revenue	23,282	23,488	26,555	29,677	28,917	28,673	34,477	37,124	33,107	27,923	30,853
Operating Revenue	23,282	23,488	26,555	29,677	28,917	28,673	34,477	37,124	33,107	27,923	30,853
Total Cost of Revenue	20,247	20,344	23,198	25,976	25,618	25,482	30,275	32,288	28,958	24,631	27,386
Operating Cost of Revenue	20,247	20,344	23,198	25,976	25,618	25,482	30,275	32,288	28,958	24,631	27,386
Total Operating Expenses	2,211	2,267	2,390	2,550	3,191	2,297	2,646	2,768	2,678	2,524	2,644
Selling, General & Admin Expense	1,986	2,047	2,162	2,303	2,192	2,087	2,435	2,567	2,413	2,218	2,391
Depreciation Expense	156	159	154	186	190	189	195	187	181	163	138
Restructuring Charge	69	61	75	60	90	21	15	14	84	143	116
Total Other Income / (Expense), net	-132	-161	-273	-242	-220	-135	-120	-184	-303	-275	-102
Interest Expense	138	151	225	215	204	137	132	186	329	271	215
Interest & Investment Income	6.05	10	-3.15	-16	9.07	4.82	16	4.81	26	-3.46	113
Income Tax Expense	192	191	287	188	88	173	326	449	255	96	148
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	-1.57
Basic Earnings per Share	$5.26	$5.75	$4.54	$8.19	($2.44)	$7.49	$15.29	$22.01	$16.03	$7.36	$11.03
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	51.80M
Diluted Earnings per Share	$5.20	$5.68	$4.48	$8.10	($2.44)	$7.43	$15.10	$21.80	$15.84	$7.29	$10.93
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	52.26M
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	51.09M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025	6/28/2025	9/27/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	237	199	195	84	109	101	99	80	188	109	195
Consolidated Net Income / (Loss)	238	200	196	83	110	101	100	80	187	109	194
Net Income / (Loss) Continuing Operations	238	200	196	83	110	101	100	80	187	109	194
Total Pre-Tax Income	310	252	250	105	139	116	129	103	233	129	253
Total Operating Income	392	340	317	186	212	175	195	159	191	179	294
Total Gross Profit	1,066	980	990	858	846	785	803	774	849	835	1,009
Total Revenue	8,515	8,007	7,849	6,924	6,893	6,823	7,283	6,814	7,580	7,713	8,746
Operating Revenue	8,515	8,007	7,849	6,924	6,893	6,823	7,283	6,814	7,580	7,713	8,746
Total Cost of Revenue	7,448	7,027	6,860	6,066	6,046	6,038	6,480	6,040	6,731	6,877	7,738
Operating Cost of Revenue	7,448	7,027	6,860	6,066	6,046	6,038	6,480	6,040	6,731	6,877	7,738
Total Operating Expenses	674	640	673	672	634	610	608	615	658	656	715
Selling, General & Admin Expense	617	563	590	583	553	535	548	562	601	588	639
Depreciation Expense	46	45	43	42	41	41	40	36	35	33	34
Restructuring Charge	10	31	40	47	41	34	21	17	22	36	41
Total Other Income / (Expense), net	-82	-88	-67	-81	-72	-58	-66	-55	43	-50	-40
Interest Expense	85	82	82	80	69	63	60	56	60	55	44
Interest & Investment Income	3.56	-4.77	17	-0.25	-3.36	4.76	-4.61	1.46	103	5.32	2.99
Income Tax Expense	72	52	54	22	30	15	29	23	46	20	59
Net Income / (Loss) Attributable to Noncontrolling Interest	1.23	1.38	1.67	-0.50	0.93	0.33	0.68	0.14	-0.73	0.07	-1.06
Basic Earnings per Share	$4.17	$3.57	$3.63	$1.54	$2.03	$1.90	$1.89	$1.53	$3.62	$2.11	$3.77
Weighted Average Basic Shares Outstanding	56.72M	55.60M	56.36M	54.25M	53.64M	53.01M	53.28M	52.27M	51.86M	51.70M	51.80M
Diluted Earnings per Share	$4.12	$3.53	$3.59	$1.53	$2.01	$1.88	$1.87	$1.51	$3.59	$2.09	$3.74
Weighted Average Diluted Shares Outstanding	57.36M	56.30M	57.04M	54.82M	54.18M	53.48M	53.80M	52.67M	52.34M	52.14M	52.26M
Weighted Average Basic & Diluted Shares Outstanding	55.66M	54.16M	53.81M	53.23M	52.94M	52.59M	52.17M	51.87M	51.50M	51.51M	51.09M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-127	261	196	-221	-209	74	-151	-45	41	-29	118
Net Cash From Operating Activities	660	360	125	273	858	1,360	419	-33	705	1,130	64
Net Cash From Continuing Operating Activities	660	360	125	273	858	1,360	419	-33	705	1,130	64
Net Income / (Loss) Continuing Operations	500	525	407	722	-200	586	1,110	1,435	909	394	570
Consolidated Net Income / (Loss)	500	525	407	722	-200	586	1,110	1,435	909	394	570
Depreciation Expense	156	159	154	186	190	189	195	187	181	163	138
Non-Cash Adjustments To Reconcile Net Income	49	36	151	77	732	43	28	42	45	46	-85
Changes in Operating Assets and Liabilities, net	-45	-360	-588	-712	136	542	-915	-1,697	-430	528	-558
Net Cash From Investing Activities	-664	-241	-189	-463	-174	-139	-60	-58	-72	-94	24
Net Cash From Continuing Investing Activities	-664	-241	-189	-463	-174	-139	-60	-58	-72	-94	24
Purchase of Property, Plant & Equipment	-155	-165	-204	-135	-143	-124	-83	-79	-83	-93	-101
Acquisitions	-515	-65	-3.63	-352	-7.62	-0.71	-	0.00	0.00	-35	0.00
Sale of Property, Plant & Equipment	3.50	0.00	24	5.42	0.00	0.00	22	0.00	0.24	22	0.00
Divestitures	-	0.00	0.00	-	-	-	-	-	0.00	0.00	100
Sale and/or Maturity of Investments	2.01	-	-	-	-	0.00	0.76	21	11	11	25
Net Cash From Financing Activities	-89	162	257	-37	-906	-1,227	-463	110	-666	-957	-206
Net Cash From Continuing Financing Activities	-89	162	257	-37	-906	-1,227	-463	110	-666	-957	-206
Repayment of Debt	-431	-2.01	-602	-1.17	-519	-0.14	376	-350	-300	-1,001	-350
Repurchase of Common Equity	-356	-216	-174	-243	-404	-484	-912	-1,049	-770	-265	-162
Issuance of Debt	688	362	1,034	499	0.00	-507	-	1,492	330	304	302
Other Financing Activities, net	10	19	-1.16	-291	17	-237	72	17	74	5.35	3.45
Other Net Changes in Cash	-	-	-	-	-	-	-	-	74	-108	236

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025	6/28/2025	9/27/2025	12/31/2025
Net Change in Cash & Equivalents	35	93	-115	25	-30	35	-59	43	-9.91	-8.36	93
Net Cash From Operating Activities	-127	322	287	403	320	81	326	352	-206	-282	200
Net Cash From Continuing Operating Activities	-127	322	287	403	320	81	326	352	-206	-282	200
Net Income / (Loss) Continuing Operations	238	200	196	83	110	101	100	80	187	109	194
Consolidated Net Income / (Loss)	238	200	196	83	110	101	100	80	187	109	194
Depreciation Expense	46	45	43	42	41	41	40	36	35	33	34
Non-Cash Adjustments To Reconcile Net Income	6.96	12	15	15	17	3.13	10	17	-91	-16	4.96
Changes in Operating Assets and Liabilities, net	-418	64	32	263	152	-64	177	219	-337	-408	-33
Net Cash From Investing Activities	-17	-21	-26	-24	-21	-7.84	-41	-25	106	-30	-27
Net Cash From Continuing Investing Activities	-17	-21	-26	-24	-21	-7.84	-41	-25	106	-30	-27
Purchase of Property, Plant & Equipment	-17	-21	-26	-30	-22	-19	-23	-25	-19	-30	-27
Net Cash From Financing Activities	153	-157	-451	-318	-317	-120	-201	-342	-74	307	-97
Net Cash From Continuing Financing Activities	153	-157	-451	-318	-317	-120	-201	-342	-74	307	-97
Repayment of Debt	-0.14	-	-	-	210	-501	-0.00	-284	-67	9.85	-9.85
Repurchase of Common Equity	-212	-203	-50	-88	-75	-51	-51	-59	-51	-0.63	-51
Issuance of Debt	298	46	-401	-233	-453	431	-151	-	-	297	-36
Other Financing Activities, net	67	0.44	0.19	2.93	1.84	0.59	0.00	0.90	2.30	0.22	0.03

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	2025
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	12/31/2025
Total Assets	13,022	14,206	16,459	17,784	16,401	17,054	19,536	21,763	21,726	21,758	29,078
Total Current Assets	9,186	10,317	12,414	13,608	12,526	13,153	15,893	18,340	18,327	18,401	25,660
Cash & Equivalents	273	534	730	509	300	374	222	177	218	189	306
Accounts Receivable	6,161	6,747	8,126	8,945	8,483	9,205	11,124	12,323	12,238	13,031	19,739
Inventories, net	2,466	2,856	3,303	3,879	3,477	3,287	4,202	5,319	5,187	4,710	5,082
Other Current Assets	285	180	256	275	266	287	345	521	684	472	533
Plant, Property, & Equipment, net	700	756	838	825	803	800	683	596	531	469	475
Plant, Property & Equipment, gross	1,436	1,496	1,504	1,593	1,663	1,769	1,716	1,774	1,834	1,823	1,921
Accumulated Depreciation	735	740	666	768	860	969	1,033	1,177	1,303	1,354	1,446
Total Noncurrent Assets	3,135	3,133	3,207	3,351	3,072	3,101	2,959	2,826	2,868	2,887	2,943
Long-Term Investments	73	88	88	84	87	76	64	65	63	57	59
Goodwill	2,369	2,392	2,470	2,625	2,061	2,115	2,080	2,028	2,050	2,055	2,120
Intangible Assets	389	337	286	373	272	234	195	159	127	97	77
Other Noncurrent Operating Assets	304	316	362	270	651	676	620	575	627	678	687
Total Liabilities & Shareholders' Equity	13,022	14,206	16,459	17,784	16,401	17,054	19,536	21,763	21,726	21,758	29,078
Total Liabilities	8,827	9,741	11,461	12,408	11,534	11,905	14,195	16,152	15,849	15,926	22,419
Total Current Liabilities	6,056	6,689	7,955	8,790	8,258	9,131	11,326	12,390	13,188	12,636	18,845
Short-Term Debt	44	94	357	246	331	159	383	590	1,654	350	0.34
Accounts Payable	5,193	5,774	6,757	7,632	7,046	7,938	9,617	10,460	10,070	11,047	17,384
Accrued Expenses	819	821	842	912	881	1,034	1,326	1,339	1,464	1,239	1,461
Total Noncurrent Liabilities	2,771	3,052	3,506	3,618	3,276	2,774	2,869	3,762	2,661	3,290	3,574
Long-Term Debt	2,381	2,696	2,933	3,239	2,640	2,098	2,244	3,183	2,154	2,774	3,085
Other Noncurrent Operating Liabilities	390	355	573	379	636	676	624	579	507	516	489
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	4,195	4,466	4,998	5,376	4,866	5,149	5,341	5,611	5,877	5,832	6,659
Total Preferred & Common Equity	4,142	4,413	4,949	5,325	4,812	5,089	5,282	5,546	5,805	5,761	6,585
Total Common Equity	4,142	4,413	4,949	5,325	4,812	5,089	5,282	5,546	5,805	5,761	6,585
Common Stock	1,233	1,238	1,240	1,261	1,275	1,291	1,315	1,334	611	618	643
Retained Earnings	4,674	5,197	5,597	6,335	6,131	6,680	7,788	9,215	5,790	5,981	6,552
Treasury Stock	-1,480	-1,637	-1,762	-1,972	-2,333	-2,777	-3,629	-4,637	-298	-328	-484
Accumulated Other Comprehensive Income / (Loss)	-285	-384	-125	-299	-262	-105	-192	-365	-298	-509	-127
Noncontrolling Interest	52	52	49	51	54	60	59	65	72	70	74

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	Q2 2025	Q3 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	6/28/2025	9/27/2025
Total Assets	20,506	20,277	20,536	20,638	20,263	20,108	20,935	21,401	24,253	24,526
Total Current Assets	17,131	16,867	17,131	17,306	16,901	16,765	17,527	18,032	20,846	21,138
Cash & Equivalents	334	206	240	333	243	213	248	232	222	214
Accounts Receivable	11,219	10,656	11,036	10,663	11,063	10,887	11,727	12,424	15,271	15,657
Inventories, net	5,083	5,526	5,452	5,806	4,797	4,655	4,530	4,799	4,749	4,728
Other Current Assets	495	480	403	504	799	1,011	1,023	578	604	540
Plant, Property, & Equipment, net	596	579	558	536	517	500	494	471	475	476
Plant, Property & Equipment, gross	1,734	1,794	1,804	1,808	1,826	1,820	1,848	1,861	1,894	1,910
Accumulated Depreciation	1,138	1,214	1,246	1,272	1,309	1,320	1,354	1,390	1,419	1,434
Total Noncurrent Assets	2,779	2,830	2,846	2,796	2,845	2,843	2,914	2,897	2,932	2,912
Long-Term Investments	66	60	62	63	59	60	62	59	58	58
Goodwill	1,979	2,036	2,044	2,022	2,055	2,053	2,084	2,079	2,124	2,117
Intangible Assets	166	151	143	135	119	112	105	91	87	82
Other Noncurrent Operating Assets	567	583	597	576	612	617	663	668	663	655
Total Liabilities & Shareholders' Equity	20,506	20,277	20,536	20,638	20,263	20,108	20,935	21,401	24,253	24,526
Total Liabilities	15,203	14,676	14,881	15,085	14,494	14,294	14,899	15,403	17,844	18,051
Total Current Liabilities	11,418	10,390	10,669	11,936	11,361	11,319	11,971	12,603	14,978	14,442
Short-Term Debt	605	144	488	1,589	946	861	910	531	456	11
Accounts Payable	9,540	8,976	8,981	9,091	8,940	8,771	9,392	10,871	13,213	13,127
Accrued Expenses	1,273	1,270	1,200	1,257	1,475	1,687	1,669	1,201	1,309	1,304
Total Noncurrent Liabilities	3,785	4,286	4,212	3,149	3,133	2,975	2,928	2,800	2,865	3,609
Long-Term Debt	3,187	3,719	3,673	2,615	2,632	2,479	2,363	2,313	2,366	3,119
Other Noncurrent Operating Liabilities	598	567	539	534	501	496	564	488	499	490
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	5,303	5,600	5,654	5,553	5,769	5,814	6,036	5,997	6,409	6,476
Total Preferred & Common Equity	5,246	5,531	5,586	5,485	5,699	5,743	5,963	5,925	6,334	6,401
Total Common Equity	5,246	5,531	5,586	5,485	5,699	5,743	5,963	5,925	6,334	6,401
Common Stock	1,327	1,329	1,328	1,331	623	633	641	634	645	635
Retained Earnings	8,865	9,489	9,725	9,924	5,874	5,983	6,083	6,061	6,248	6,357
Treasury Stock	-4,338	-4,925	-5,108	-5,307	-406	-456	-506	-384	-432	-433
Accumulated Other Comprehensive Income / (Loss)	-608	-361	-359	-462	-392	-416	-254	-385	-127	-159
Noncontrolling Interest	57	70	68	68	70	71	73	72	75	75

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.25%	0.88%	13.06%	11.76%	-2.56%	-0.84%	20.24%	7.68%	-10.82%	-15.66%	10.49%
EBITDA Growth	6.74%	3.60%	5.90%	23.39%	-79.46%	296.39%	61.63%	28.95%	-26.81%	-43.75%	3.05%
EBIT Growth	8.16%	3.87%	7.65%	23.73%	-92.74%	976.26%	74.02%	33.08%	-28.94%	-47.92%	6.98%
NOPAT Growth	7.23%	7.88%	-11.75%	60.94%	-91.75%	816.51%	74.20%	30.91%	-27.08%	-46.21%	5.56%
Net Income Growth	0.42%	4.86%	-22.37%	77.13%	-127.74%	392.99%	89.35%	29.24%	-36.64%	-56.73%	44.77%
EPS Growth	4.42%	9.23%	-21.13%	80.80%	-130.12%	404.51%	103.23%	44.37%	-27.34%	-53.98%	49.93%
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%	-94.33%
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%	-101.24%
Invested Capital Growth	8.70%	5.74%	12.61%	10.70%	-9.89%	-6.65%	10.44%	19.01%	2.86%	-7.39%	7.68%
Revenue Q/Q Growth	1.55%	-2.68%	5.71%	1.29%	-1.97%	4.05%	1.66%	0.83%	-4.26%	-1.99%	4.98%
EBITDA Q/Q Growth	8.30%	-0.18%	-0.68%	5.21%	-28.59%	10.55%	12.22%	0.20%	-11.40%	-11.90%	10.77%
EBIT Q/Q Growth	10.43%	-0.19%	-1.10%	5.46%	-57.49%	13.31%	13.99%	0.35%	-12.50%	-13.74%	13.68%
NOPAT Q/Q Growth	8.37%	3.62%	-19.27%	29.95%	-47.42%	16.83%	13.13%	-0.24%	-11.08%	-13.44%	12.50%
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%	19.67%
EPS Q/Q Growth	10.64%	2.34%	-21.27%	33.44%	-117.86%	29.67%	16.51%	2.49%	-11.66%	-19.09%	20.64%
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%	-66.39%
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%	-106.63%
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%	0.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.04%	13.39%	12.64%	12.47%	11.41%	11.13%	12.19%	13.03%	12.53%	11.79%	11.24%
EBITDA Margin	4.21%	4.32%	4.05%	4.47%	0.94%	3.77%	5.07%	6.07%	4.98%	3.32%	3.11%
Operating Margin	3.54%	3.73%	3.64%	3.88%	0.37%	3.12%	4.52%	5.57%	4.44%	2.75%	2.67%
EBIT Margin	3.54%	3.65%	3.47%	3.84%	0.29%	3.11%	4.50%	5.56%	4.43%	2.74%	2.67%
Profit (Net Income) Margin	2.15%	2.23%	1.53%	2.43%	-0.69%	2.05%	3.22%	3.87%	2.75%	1.41%	1.85%
Tax Burden Percent	72.31%	73.34%	58.71%	79.35%	178.99%	77.24%	77.31%	76.17%	78.10%	80.42%	79.35%
Interest Burden Percent	83.95%	83.55%	75.27%	79.72%	-134.98%	85.15%	92.57%	91.24%	79.35%	64.02%	87.32%
Effective Tax Rate	27.69%	26.66%	41.29%	20.65%	0.00%	22.76%	22.69%	23.83%	21.90%	19.58%	20.65%
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%	7.21%
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%	4.26%
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%	1.91%
Return on Equity (ROE)	11.98%	12.12%	8.61%	13.91%	-3.91%	11.71%	21.17%	26.21%	15.83%	6.72%	9.12%
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%	-0.18%
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%	3.23%
Return on Assets (ROA)	3.93%	3.85%	2.66%	4.21%	-1.17%	3.51%	6.07%	6.95%	4.18%	1.81%	2.24%
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%	9.02%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	596	643	568	913	75	691	1,204	1,576	1,149	618	652
NOPAT Margin	2.56%	2.74%	2.14%	3.08%	0.26%	2.41%	3.49%	4.24%	3.47%	2.21%	2.11%
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%	2.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.79%	11.86%	6.90%	6.70%
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%	88.76%
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%	7.75%
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	9.50%	9.65%	9.00%	8.59%	11.03%	8.01%	7.67%	7.46%	8.09%	9.04%	8.57%
Earnings before Interest and Taxes (EBIT)	824	856	922	1,141	83	892	1,552	2,065	1,467	764	822
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	960
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	0.86
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	1.29
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	0.18
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	9.94
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	9.82%	8.19%	5,685.34%	11.92%	0.00%	7.95%	11.85%	22.18%	13.65%	6.59%	10.07%
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	0.90
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	0.27
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	8.82
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	10.30
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	12.98
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	132.22
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	0.00
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	0.46
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	0.46
Financial Leverage	0.44	0.49	0.49	0.52	0.53	0.44	0.40	0.54	0.61	0.55	0.45
Leverage Ratio	3.05	3.14	3.24	3.30	3.34	3.34	3.49	3.77	3.79	3.71	4.07
Compound Leverage Factor	2.56	2.63	2.44	2.63	-4.51	2.84	3.23	3.44	3.00	2.38	3.55
Debt to Total Capital	36.63%	38.45%	39.70%	39.33%	37.91%	30.47%	32.97%	40.20%	39.31%	34.88%	31.66%
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%	0.00%
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%	31.66%
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	0.79%	0.72%	0.59%	0.58%	0.70%	0.81%	0.73%	0.69%	0.74%	0.79%	0.76%
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%	67.58%
Debt to EBITDA	2.47	2.75	3.06	2.63	10.90	2.09	1.50	1.68	2.31	3.37	3.21
Net Debt to EBITDA	2.12	2.13	2.30	2.18	9.48	1.67	1.34	1.57	2.14	3.10	2.83
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	3.21
Debt to NOPAT	4.07	4.34	5.80	3.82	39.42	3.27	2.18	2.39	3.31	5.05	4.73
Net Debt to NOPAT	3.49	3.37	4.35	3.17	34.28	2.61	1.95	2.24	3.07	4.66	4.17
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	4.73
Altman Z-Score	3.13	3.06	2.60	2.99	2.97	3.06	3.26	3.18	2.65	2.33	1.90
Noncontrolling Interest Sharing Ratio	0.69%	1.21%	1.07%	0.96%	1.03%	1.14%	1.13%	1.13%	1.19%	1.21%	1.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.54	1.56	1.55	1.52	1.44	1.40	1.48	1.39	1.46	1.36
Quick Ratio	1.06	1.09	1.11	1.08	1.06	1.05	1.00	1.01	0.94	1.05	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	94	283	-269	114	893	1,186	477	115	887	1,313	-16
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%	63.26%
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	-0.08
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	0.30
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	-0.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.83	1.73	1.73	1.73	1.69	1.71	1.88	1.80	1.52	1.28	1.21
Accounts Receivable Turnover	3.82	3.64	3.57	3.48	3.32	3.24	3.39	3.17	2.70	2.21	1.88
Inventory Turnover	8.43	7.64	7.53	7.23	6.97	7.53	8.08	6.78	5.51	4.98	5.59
Fixed Asset Turnover	34.84	32.25	33.30	35.69	35.53	35.78	46.51	58.04	58.74	55.85	65.37
Accounts Payable Turnover	3.96	3.71	3.70	3.61	3.49	3.40	3.45	3.22	2.82	2.33	1.93
Days Sales Outstanding (DSO)	95.67	100.30	102.21	104.98	109.99	112.58	107.61	115.26	135.39	165.15	193.84
Days Inventory Outstanding (DIO)	43.28	47.74	48.45	50.45	52.40	48.45	45.15	53.82	66.21	73.33	65.25
Days Payable Outstanding (DPO)	92.12	98.38	98.58	101.09	104.56	107.31	105.82	113.48	129.39	156.47	189.46
Cash Conversion Cycle (CCC)	46.84	49.66	52.08	54.34	57.83	53.71	46.93	55.60	72.22	82.02	69.62
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	9,378
Invested Capital Turnover	3.87	3.64	3.77	3.77	3.68	3.98	4.71	4.41	3.57	3.08	3.41
Increase / (Decrease) in Invested Capital	502	360	836	799	-818	-495	726	1,460	262	-695	669
Enterprise Value (EV)	7,198	8,607	2,527	8,954	9,541	9,217	11,749	10,028	10,220	8,897	8,469
Market Capitalization	5,067	6,387	7.07	6,011	6,902	7,351	9,349	6,432	6,621	5,949	5,676
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	$127.83
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	$85.18
Total Capital	6,619	7,256	8,288	8,862	7,838	7,406	7,968	9,384	9,685	8,955	9,744
Total Debt	2,425	2,790	3,290	3,485	2,972	2,257	2,627	3,773	3,808	3,124	3,085
Total Long-Term Debt	2,381	2,696	2,933	3,239	2,640	2,098	2,244	3,183	2,154	2,774	3,085
Net Debt	2,078	2,167	2,471	2,892	2,585	1,807	2,341	3,531	3,527	2,878	2,719
Capital Expenditures (CapEx)	151	165	180	130	143	124	61	79	83	70	101
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	6,509
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	6,815
Net Working Capital (NWC)	3,130	3,627	4,459	4,818	4,268	4,022	4,567	5,951	5,140	5,765	6,815
Net Nonoperating Expense (NNE)	96	118	160	192	276	104	93	140	240	225	83
Net Nonoperating Obligations (NNO)	2,078	2,167	2,471	2,892	2,585	1,807	2,341	3,531	3,527	2,878	2,719
Total Depreciation and Amortization (D&A)	156	159	154	186	190	189	195	187	181	163	138
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%	21.10%
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%	22.09%
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%	22.09%
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	$11.03
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	51.80M
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	$10.93
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	52.26M
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	95.64M	95.64M	87.71M	84.92M	80.64M	74.60M	67.69M	58.28M	53.81M	52.17M	51.09M
Normalized Net Operating Profit after Tax (NOPAT)	646	688	611	961	627	707	1,215	1,586	1,215	733	745
Normalized NOPAT Margin	2.77%	2.93%	2.30%	3.24%	2.17%	2.46%	3.53%	4.27%	3.67%	2.63%	2.41%
Pre Tax Income Margin	2.97%	3.05%	2.61%	3.06%	-0.39%	2.65%	4.17%	5.08%	3.52%	1.75%	2.33%
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	3.82
NOPAT to Interest Expense	4.31	4.25	2.52	4.25	0.37	5.04	9.14	8.49	3.50	2.28	3.03
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	3.35
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	2.56
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	71.22%	41.24%	42.77%	33.72%	-201.93%	82.48%	82.09%	73.13%	84.70%	67.38%	28.38%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024	3/29/2025	6/28/2025	9/27/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.00%	-13.59%	-15.81%	-20.74%	-19.05%	-14.78%	-7.21%	-1.59%	9.97%	13.03%	20.10%
EBITDA Growth	-24.43%	-29.89%	-36.89%	-51.56%	-42.35%	-44.08%	-34.92%	-14.54%	-10.88%	-1.88%	39.75%
EBIT Growth	-26.42%	-32.40%	-39.65%	-56.09%	-46.02%	-48.62%	-38.59%	-14.62%	-10.22%	2.14%	50.73%
NOPAT Growth	-26.18%	-29.89%	-36.77%	-55.51%	-44.48%	-43.51%	-39.07%	-16.51%	-8.35%	-0.30%	48.59%
Net Income Growth	-35.99%	-41.78%	-44.58%	-69.82%	-53.90%	-49.56%	-49.09%	-3.89%	70.60%	8.29%	93.76%
EPS Growth	-25.63%	-33.02%	-36.80%	-66.74%	-51.21%	-46.74%	-47.91%	-1.31%	78.61%	11.17%	100.00%
Operating Cash Flow Growth	-53.55%	128.05%	163.82%	80.16%	352.50%	-74.96%	13.85%	-12.78%	-164.31%	-449.67%	-38.75%
Free Cash Flow Firm Growth	39.50%	58.75%	98.75%	146.90%	228.37%	229.26%	6,444.45%	106.40%	-89.65%	-135.42%	-152.44%
Invested Capital Growth	10.75%	7.67%	2.86%	-1.66%	-6.65%	-3.86%	-7.39%	-5.48%	0.79%	3.71%	7.68%
Revenue Q/Q Growth	-2.54%	-5.96%	-1.97%	-11.78%	-0.45%	-1.01%	6.74%	-6.44%	11.24%	1.75%	13.41%
EBITDA Q/Q Growth	-6.47%	-12.22%	-6.68%	-36.78%	11.30%	-14.84%	8.60%	-16.97%	16.52%	-6.18%	54.89%
EBIT Q/Q Growth	-7.09%	-13.34%	-7.02%	-41.35%	14.22%	-17.52%	11.15%	-18.47%	20.68%	-6.08%	64.28%
NOPAT Q/Q Growth	-8.96%	-10.33%	-7.84%	-40.87%	13.61%	-8.76%	-0.59%	-18.97%	24.71%	-0.75%	48.15%
Net Income Q/Q Growth	-13.63%	-15.88%	-1.92%	-57.65%	31.92%	-7.96%	-1.00%	-20.05%	134.18%	-41.58%	77.14%
EPS Q/Q Growth	-10.43%	-14.32%	1.70%	-57.38%	31.37%	-6.47%	-0.53%	-19.25%	137.75%	-41.78%	78.95%
Operating Cash Flow Q/Q Growth	-156.66%	353.70%	-10.87%	40.62%	-20.59%	-74.84%	305.25%	7.72%	-158.55%	-36.81%	170.98%
Free Cash Flow Firm Q/Q Growth	2.53%	36.21%	96.64%	2,346.16%	166.82%	-35.77%	64.81%	-26.93%	-86.62%	-319.80%	-144.04%
Invested Capital Q/Q Growth	3.42%	-1.60%	0.46%	-3.81%	-1.83%	1.34%	-3.23%	-1.83%	4.69%	4.27%	0.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.52%	12.23%	12.61%	12.39%	12.28%	11.50%	11.03%	11.36%	11.20%	10.83%	11.53%
EBITDA Margin	5.14%	4.80%	4.57%	3.27%	3.66%	3.15%	3.20%	2.84%	2.98%	2.75%	3.75%
Operating Margin	4.61%	4.25%	4.03%	2.69%	3.08%	2.57%	2.68%	2.33%	2.51%	2.32%	3.36%
EBIT Margin	4.60%	4.24%	4.02%	2.67%	3.07%	2.55%	2.66%	2.32%	2.51%	2.32%	3.36%
Profit (Net Income) Margin	2.79%	2.50%	2.50%	1.20%	1.59%	1.48%	1.37%	1.17%	2.47%	1.42%	2.21%
Tax Burden Percent	76.66%	79.29%	78.47%	79.04%	78.65%	86.91%	77.61%	77.38%	80.28%	84.84%	76.51%
Interest Burden Percent	79.24%	74.37%	79.27%	56.83%	65.97%	66.61%	66.44%	65.35%	122.23%	71.95%	86.02%
Effective Tax Rate	23.34%	20.71%	21.53%	20.96%	21.35%	13.09%	22.39%	22.62%	19.72%	15.16%	23.49%
Return on Invested Capital (ROIC)	13.99%	12.90%	11.30%	7.28%	7.81%	6.93%	6.41%	5.69%	6.45%	6.31%	8.78%
ROIC Less NNEP Spread (ROIC-NNEP)	12.20%	10.97%	9.82%	5.42%	6.16%	5.41%	4.80%	4.22%	7.67%	4.85%	7.65%
Return on Net Nonoperating Assets (RNNOA)	7.78%	7.27%	6.03%	3.28%	3.72%	3.16%	2.63%	2.09%	3.52%	2.26%	3.43%
Return on Equity (ROE)	21.77%	20.17%	17.34%	10.56%	11.53%	10.09%	9.04%	7.78%	9.97%	8.57%	12.21%
Cash Return on Invested Capital (CROIC)	5.35%	6.93%	9.57%	12.25%	15.92%	11.71%	14.50%	12.38%	5.71%	2.69%	-0.18%
Operating Return on Assets (OROA)	8.15%	7.12%	6.12%	4.12%	4.48%	3.50%	3.42%	3.09%	3.23%	3.00%	4.08%
Return on Assets (ROA)	4.95%	4.20%	3.81%	1.85%	2.32%	2.03%	1.76%	1.56%	3.17%	1.83%	2.69%
Return on Common Equity (ROCE)	21.52%	19.94%	17.13%	10.43%	11.39%	9.96%	8.93%	7.69%	9.85%	8.47%	12.06%
Return on Equity Simple (ROE_SIMPLE)	21.67%	19.46%	0.00%	12.58%	10.25%	8.21%	0.00%	6.59%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	301	270	249	147	167	152	151	123	153	152	225
NOPAT Margin	3.53%	3.37%	3.17%	2.12%	2.42%	2.23%	2.08%	1.80%	2.02%	1.97%	2.57%
Net Nonoperating Expense Percent (NNEP)	1.79%	1.93%	1.48%	1.86%	1.66%	1.52%	1.61%	1.47%	-1.21%	1.46%	1.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.57%	-	-	-	1.69%	1.39%	1.66%	1.58%	2.31%
Cost of Revenue to Revenue	87.48%	87.77%	87.39%	87.61%	87.72%	88.50%	88.97%	88.64%	88.80%	89.17%	88.47%
SG&A Expenses to Revenue	7.25%	7.03%	7.52%	8.42%	8.02%	7.83%	7.52%	8.25%	7.93%	7.62%	7.31%
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	7.91%	7.99%	8.57%	9.70%	9.20%	8.93%	8.35%	9.03%	8.68%	8.51%	8.17%
Earnings before Interest and Taxes (EBIT)	391	339	315	185	211	174	194	158	191	179	294
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	438	384	359	227	252	215	233	194	226	212	328
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.45	1.27	1.14	1.23	1.12	1.19	1.03	0.91	1.04	0.97	0.86
Price to Tangible Book Value (P/TBV)	2.38	2.09	1.83	1.99	1.80	1.88	1.65	1.44	1.60	1.48	1.29
Price to Revenue (P/Rev)	0.23	0.20	0.20	0.22	0.22	0.25	0.21	0.19	0.23	0.21	0.18
Price to Earnings (P/E)	6.73	6.59	7.33	9.83	10.98	14.55	15.17	13.94	14.13	13.09	9.94
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	14.86%	15.18%	13.65%	10.17%	9.11%	6.87%	6.59%	7.17%	7.08%	7.64%	10.07%
Enterprise Value to Invested Capital (EV/IC)	1.26	1.16	1.09	1.15	1.08	1.13	1.02	0.94	1.03	0.98	0.90
Enterprise Value to Revenue (EV/Rev)	0.34	0.31	0.31	0.33	0.32	0.36	0.32	0.29	0.32	0.31	0.27
Enterprise Value to EBITDA (EV/EBITDA)	5.94	5.83	6.20	7.36	7.83	9.62	9.59	8.99	10.59	10.57	8.82
Enterprise Value to EBIT (EV/EBIT)	6.53	6.47	6.96	8.41	9.10	11.43	11.64	10.90	12.81	12.67	10.30
Enterprise Value to NOPAT (EV/NOPAT)	8.53	8.39	8.89	10.73	11.50	14.18	14.39	13.54	15.92	15.79	12.98
Enterprise Value to Operating Cash Flow (EV/OCF)	34.66	20.57	14.49	11.71	7.18	9.28	7.87	7.45	16.68	48.07	132.22
Enterprise Value to Free Cash Flow (EV/FCFF)	24.80	17.35	11.52	9.27	6.53	9.42	6.78	7.38	18.11	37.20	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.76	0.65	0.62	0.57	0.54	0.54	0.47	0.44	0.48	0.46
Long-Term Debt to Equity	0.65	0.47	0.37	0.46	0.43	0.39	0.48	0.39	0.37	0.48	0.46
Financial Leverage	0.64	0.66	0.61	0.60	0.60	0.58	0.55	0.50	0.46	0.47	0.45
Leverage Ratio	3.66	3.79	3.79	3.57	3.54	3.59	3.71	3.54	3.63	3.63	4.07
Compound Leverage Factor	2.90	2.82	3.00	2.03	2.34	2.39	2.47	2.31	4.44	2.61	3.50
Debt to Total Capital	42.39%	43.08%	39.31%	38.28%	36.49%	35.16%	34.88%	32.16%	30.57%	32.58%	31.66%
Short-Term Debt to Total Capital	4.97%	16.28%	17.08%	10.12%	9.40%	9.77%	3.91%	6.01%	4.94%	0.11%	0.00%
Long-Term Debt to Total Capital	37.42%	26.80%	22.24%	28.16%	27.08%	25.39%	30.97%	26.16%	25.63%	32.47%	31.66%
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	0.69%	0.70%	0.74%	0.75%	0.77%	0.78%	0.79%	0.82%	0.81%	0.78%	0.76%
Common Equity to Total Capital	56.91%	56.22%	59.94%	60.97%	62.74%	64.06%	64.33%	67.02%	68.62%	66.64%	67.58%
Debt to EBITDA	2.06	2.26	2.31	2.54	2.73	3.11	3.37	3.18	3.24	3.61	3.21
Net Debt to EBITDA	1.91	2.05	2.14	2.33	2.51	2.82	3.10	2.85	2.92	3.30	2.83
Long-Term Debt to EBITDA	1.81	1.41	1.31	1.87	2.03	2.25	2.99	2.59	2.72	3.60	3.21
Debt to NOPAT	2.96	3.25	3.31	3.71	4.01	4.58	5.05	4.79	4.87	5.40	4.73
Net Debt to NOPAT	2.74	2.95	3.07	3.39	3.69	4.15	4.66	4.30	4.39	4.93	4.17
Long-Term Debt to NOPAT	2.61	2.02	1.87	2.73	2.98	3.31	4.49	3.90	4.08	5.38	4.73
Altman Z-Score	3.18	2.99	2.48	2.60	2.52	2.40	2.24	2.24	2.07	2.12	1.84
Noncontrolling Interest Sharing Ratio	1.14%	1.15%	1.19%	1.23%	1.21%	1.22%	1.21%	1.21%	1.19%	1.18%	1.16%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.45	1.39	1.49	1.48	1.46	1.46	1.43	1.39	1.46	1.36
Quick Ratio	1.06	0.92	0.94	1.00	0.98	1.00	1.05	1.00	1.03	1.10	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-623	-397	-13	300	799	513	846	618	83	-182	-444
Operating Cash Flow to CapEx	-750.50%	1,556.40%	786.20%	1,652.77%	1,540.22%	1,027.26%	1,896.17%	1,407.90%	-1,105.90%	-930.39%	730.25%
Free Cash Flow to Firm to Interest Expense	-7.34	-4.83	-0.16	3.76	11.66	8.16	14.01	11.01	1.37	-3.31	-10.14
Operating Cash Flow to Interest Expense	-1.49	3.91	3.49	5.07	4.67	1.28	5.41	6.26	-3.42	-5.13	4.57
Operating Cash Flow Less CapEx to Interest Expense	-1.69	3.66	3.05	4.76	4.37	1.16	5.12	5.82	-3.72	-5.68	3.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.77	1.68	1.52	1.54	1.46	1.37	1.28	1.34	1.28	1.29	1.21
Accounts Receivable Turnover	3.28	3.16	2.70	2.88	2.71	2.54	2.21	2.37	2.18	2.15	1.88
Inventory Turnover	6.05	5.55	5.51	5.31	5.14	4.84	4.98	5.13	5.38	5.64	5.59
Fixed Asset Turnover	60.55	61.09	58.74	57.08	56.10	55.33	55.85	56.27	58.50	60.64	65.37
Accounts Payable Turnover	3.45	3.24	2.82	3.06	2.93	2.71	2.33	2.48	2.30	2.32	1.93
Days Sales Outstanding (DSO)	111.45	115.48	135.39	126.65	134.83	143.43	165.15	154.11	167.50	170.04	193.84
Days Inventory Outstanding (DIO)	60.34	65.77	66.21	68.75	70.94	75.41	73.33	71.17	67.87	64.66	65.25
Days Payable Outstanding (DPO)	105.90	112.53	129.39	119.33	124.61	134.87	156.47	146.95	158.65	157.29	189.46
Cash Conversion Cycle (CCC)	65.90	68.72	72.22	76.08	81.17	83.97	82.02	78.34	76.72	77.42	69.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,513	9,361	9,404	9,046	8,880	9,000	8,709	8,550	8,951	9,333	9,378
Invested Capital Turnover	3.96	3.83	3.57	3.43	3.23	3.10	3.08	3.16	3.20	3.21	3.41
Increase / (Decrease) in Invested Capital	923	667	262	-153	-632	-361	-695	-496	70	334	669
Enterprise Value (EV)	12,017	10,847	10,220	10,358	9,565	10,127	8,897	8,036	9,218	9,160	8,469
Market Capitalization	8,091	6,971	6,621	7,011	6,428	7,090	5,949	5,411	6,601	6,228	5,676
Book Value per Share	$98.89	$98.54	$107.19	$105.05	$107.90	$112.63	$109.55	$113.57	$122.10	$124.28	$127.83
Tangible Book Value per Share	$60.18	$59.80	$66.98	$64.98	$67.22	$71.28	$68.63	$71.97	$79.49	$81.59	$85.18
Total Capital	9,815	9,757	9,685	9,347	9,154	9,309	8,955	8,841	9,230	9,605	9,744
Total Debt	4,161	4,204	3,808	3,578	3,340	3,273	3,124	2,843	2,821	3,129	3,085
Total Long-Term Debt	3,673	2,615	2,154	2,632	2,479	2,363	2,774	2,313	2,366	3,119	3,085
Net Debt	3,858	3,807	3,527	3,276	3,066	2,964	2,878	2,552	2,542	2,858	2,719
Capital Expenditures (CapEx)	17	21	36	24	21	7.84	17	25	19	30	27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	6,710	6,625	6,575	6,243	6,094	6,218	5,926	5,728	6,102	6,494	6,509
Debt-free Net Working Capital (DFNWC)	6,950	6,959	6,794	6,486	6,307	6,466	6,115	5,960	6,324	6,707	6,815
Net Working Capital (NWC)	6,462	5,370	5,140	5,540	5,447	5,556	5,765	5,429	5,868	6,696	6,815
Net Nonoperating Expense (NNE)	63	70	52	64	57	51	52	43	-34	43	31
Net Nonoperating Obligations (NNO)	3,858	3,807	3,527	3,276	3,066	2,964	2,878	2,552	2,542	2,858	2,719
Total Depreciation and Amortization (D&A)	46	45	43	42	41	41	40	36	35	33	34
Debt-free, Cash-free Net Working Capital to Revenue	18.72%	19.16%	19.86%	19.95%	20.54%	21.83%	21.22%	20.60%	21.41%	22.10%	21.10%
Debt-free Net Working Capital to Revenue	19.39%	20.12%	20.52%	20.73%	21.26%	22.70%	21.90%	21.43%	22.19%	22.82%	22.09%
Net Working Capital to Revenue	18.03%	15.53%	15.52%	17.70%	18.36%	19.50%	20.65%	19.52%	20.59%	22.79%	22.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.17	$3.57	$3.63	$1.54	$2.03	$1.90	$1.89	$1.53	$3.62	$2.11	$3.77
Adjusted Weighted Average Basic Shares Outstanding	56.72M	55.60M	56.36M	54.25M	53.64M	53.01M	53.28M	52.27M	51.86M	51.70M	51.80M
Adjusted Diluted Earnings per Share	$4.12	$3.53	$3.59	$1.53	$2.01	$1.88	$1.87	$1.51	$3.59	$2.09	$3.74
Adjusted Weighted Average Diluted Shares Outstanding	57.36M	56.30M	57.04M	54.82M	54.18M	53.48M	53.80M	52.67M	52.34M	52.14M	52.26M
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	55.66M	54.16M	53.81M	53.23M	52.94M	52.59M	52.17M	51.87M	51.50M	51.51M	51.09M
Normalized Net Operating Profit after Tax (NOPAT)	309	295	280	184	199	182	168	136	171	182	257
Normalized NOPAT Margin	3.62%	3.68%	3.56%	2.66%	2.88%	2.67%	2.30%	2.00%	2.25%	2.36%	2.93%
Pre Tax Income Margin	3.64%	3.15%	3.19%	1.52%	2.02%	1.70%	1.77%	1.51%	3.07%	1.67%	2.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.61	4.13	3.84	2.32	3.08	2.77	3.21	2.81	3.16	3.26	6.72
NOPAT to Interest Expense	3.54	3.28	3.03	1.85	2.44	2.42	2.51	2.18	2.54	2.77	5.14
EBIT Less CapEx to Interest Expense	4.42	3.88	3.40	2.02	2.78	2.64	2.92	2.37	2.85	2.71	6.09
NOPAT Less CapEx to Interest Expense	3.35	3.03	2.58	1.54	2.13	2.30	2.22	1.74	2.23	2.22	4.52
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	89.34%	97.82%	84.70%	77.30%	70.85%	54.07%	67.38%	60.63%	45.33%	33.94%	28.38%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways for Arrow Electronics (ARW) based on the last four years of quarterly cash flow, income statement, and balance sheet data. The focus is on trends retail investors care about: cash generation, profitability, and balance-sheet strength.

Arrow has demonstrated robust operating cash flow in multiple quarters, including approximately $351.7 million in 2025 Q1 and about $326.5 million in 2024 Q4, indicating a solid ability to convert earnings into cash.
In 2025 Q4, the company generated positive free cash flow (roughly $173 million when excluding capital expenditures of about $27.4 million), which supports potential debt repayment, buybacks, or strategic investments.
Net income has remained positive in key recent quarters, with 2025 Q4 consolidated net income around $193.5 million and 2024 Q4 around $99.9 million, showing ongoing profitability despite revenue swings.
The balance sheet shows solid short-term liquidity: mid-2025 total current assets around $21.1–21.4 billion and total current liabilities around $14.4–14.9 billion, producing a current ratio near 1.5x.
Arrow continues to invest in fixed assets, with quarterly purchases of property, plant & equipment typically in the $20–40 million range, contributing to investing cash outflows but supporting capacity and modernization.
Cash flow from investing activities has been consistently negative across quarters, reflecting ongoing capex and asset investments rather than immediate distress or misallocation of capital.
Revenue has shown some volatility year over year and quarter to quarter, reflecting cyclicality in end-market demand and product mix within Arrow’s distribution model.
Gross margin has fluctuated and shown compression in some 2024–2025 periods (e.g., 2025 Q4 gross profit around $1.01B on $8.75B revenue, roughly 11–12% margin, versus higher margins in some earlier years), indicating margin pressure.
Net income margin in 2025 has softened relative to peak years, with 2025 Q4 net income around $193.5 million on about $8.75 billion in revenue (roughly a 2–3% margin range in some quarters), suggesting tighter profitability amid revenue swings.
Financing activities in several quarters were driven by share repurchases and debt-related actions, resulting in negative net cash from financing activities and pressure on free cash balance (for example, 2025 Q4 net financing cash flow around −$96.7 million).

05/07/26 02:23 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Arrow Electronics' Financials

When does Arrow Electronics' fiscal year end?

According to the most recent income statement we have on file, Arrow Electronics' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Arrow Electronics' net income changed over the last 10 years?

Arrow Electronics' net income appears to be on an upward trend, with a most recent value of $569.69 million in 2025, rising from $500.49 million in 2015. The previous period was $393.51 million in 2024. See Arrow Electronics' forecast for analyst expectations on whatâ€™s next for the company.

What is Arrow Electronics' operating income?

Arrow Electronics' total operating income in 2025 was $822.22 million, based on the following breakdown:

Total Gross Profit: $3.47 billion
Total Operating Expenses: $2.64 billion

How has Arrow Electronics' revenue changed over the last 10 years?

Over the last 10 years, Arrow Electronics' total revenue changed from $23.28 billion in 2015 to $30.85 billion in 2025, a change of 32.5%.

How much debt does Arrow Electronics have?

Arrow Electronics' total liabilities were at $22.42 billion at the end of 2025, a 40.8% increase from 2024, and a 154.0% increase since 2015.

How much cash does Arrow Electronics have?

In the past 10 years, Arrow Electronics' cash and equivalents has ranged from $176.92 million in 2022 to $730.08 million in 2017, and is currently $306.47 million as of their latest financial filing in 2025.

How has Arrow Electronics' book value per share changed over the last 10 years?

Over the last 10 years, Arrow Electronics' book value per share changed from 44.29 in 2015 to 127.83 in 2025, a change of 188.6%.

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Financial statements for NYSE:ARW last updated on 2/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Arrow Electronics (ARW) Financials

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