Avnet Inc (AVT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.77	$2.28	+28.8%	—	$8.3B	—
Q3 26	$1.32	$1.48	+12.1%	—	$7.1B	—
Q2 26	$0.95	$1.05	+10.5%	—	$6.3B	—
Q1 26	$0.81	$0.84	+3.7%	—	$5.9B	—
Q4 25	$0.72	$0.81	+12.5%	—	$5.6B	—
Q3 25	$0.71	$0.84	+18.3%	—	$5.3B	—
Q2 25	$0.88	$0.87	-1.1%	—	$5.7B	—
Q1 25	$0.85	$0.92	+8.2%	—	$5.6B	—
Q4 24	$0.97	$1.22	+25.8%	—	$5.6B	—
Q3 24	$1.13	$1.1	-2.7%	—	$5.7B	—
Q2 24	$1.4	$1.4	0.0%	—	$6.2B	—
Q1 24	$1.52	$1.61	+5.9%	—	$6.3B	—
Q4 23	$1.65	$2.06	+24.8%	—	$6.6B	—
Q3 23	$1.79	$2	+11.7%	—	$6.5B	—
Q2 23	$1.85	$2	+8.1%	—	$6.7B	—
Q1 23	$1.91	$2	+4.7%	—	$6.8B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	—	—	—	$27.6B	—
FY25	—	$2.78	—	—	$22.2B	—
FY24	—	$5.51	—	—	$23.8B	—
FY23	—	$8.37	—	—	$26.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$17.4B	$19B	$19.5B	$17.6B	$19.5B	$24.3B	$26.5B	$23.8B	$22.2B	$27.6B
YoY change	+4.18%	+9.16%	+2.53%	-9.65%	+10.8%	+24.4%	+9.16%	-10.5%	-6.55%	+24.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	17.4B	19B	19.5B	17.6B	19.5B	24.3B	26.5B	23.8B	22.2B	27.6B
Cost of revenue	15.1B	16.5B	17B	15.6B	17.3B	21.3B	23.4B	21B	19.8B	24.8B
Gross profit	2.4B	2.5B	2.5B	2.1B	2.2B	3B	3.2B	2.8B	2.4B	2.9B
Gross margin	13.6%	13.3%	12.7%	11.7%	11.5%	12.2%	12%	11.6%	10.7%	10.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.8B	2B	1.9B	1.8B	1.9B	2B	2B	1.9B	1.8B	2B
Operating expenses	1.8B	2B	1.9B	1.8B	1.9B	2B	2B	1.9B	1.8B	2B
Operating income	581.1M	535.8M	611.5M	221.3M	365.8M	970.5M	1.2B	896.9M	622.6M	859.5M
Operating margin	3.33%	2.81%	3.13%	1.26%	1.87%	3.99%	4.58%	3.78%	2.8%	3.11%
Non-operating income, net	-171.1M	-298M	-240M	-228.2M	-103.4M	-36.8M	18.9M	18.2M	-125.6M	-141.3M
Pretax income	310.4M	145.1M	236.6M	-129.6M	172.9M	833.3M	982.9M	632.3M	250.6M	467.4M
Income tax	47.1M	288M	60.3M	-98.5M	-20.2M	141M	212M	133.6M	10.4M	133M
Net income	525.3M	-156.4M	176.3M	-31.1M	193.1M	692.4M	770.8M	498.7M	240.2M	334.4M
Net margin	3.01%	-0.82%	0.9%	-0.18%	0.99%	2.85%	2.9%	2.1%	1.08%	1.21%
EBITDA	702.8M	799.3M	797.9M	462M	535.5M	1.1B	1.4B	1B	730.5M	987.6M
EPS	4.13	-1.3	1.61	-0.31	1.95	7.02	8.37	5.51	2.78	—
Diluted EPS	4.08	-1.3	1.59	-0.31	1.93	6.94	8.26	5.43	2.75	—

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	6.3B	6.2B	5.7B	5.6B	5.6B	5.7B	5.3B	5.6B	5.9B	6.3B	7.1B	8.3B
Cost of revenue	5.6B	5.5B	5B	4.9B	5B	5.1B	4.7B	5B	5.3B	5.7B	6.4B	7.4B
Gross profit	748.1M	706.2M	669.3M	642.9M	607.4M	596.1M	587.9M	593.7M	614.8M	663M	739.1M	865M
Gross margin	11.8%	11.4%	11.8%	11.6%	10.8%	10.5%	11.1%	10.6%	10.4%	10.5%	10.4%	10.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	487.3M	464.7M	467.3M	450.3M	438.8M	436.9M	435.5M	451.2M	464.4M	491.7M	518.8M	547.5M
Operating expenses	487.3M	464.7M	467.3M	450.3M	438.8M	436.9M	435.5M	451.2M	464.4M	491.7M	518.8M	547.5M
Operating income	260.8M	241.5M	202M	192.6M	168.6M	159.1M	152.4M	142.5M	150.3M	171.4M	220.3M	317.5M
Operating margin	4.12%	3.89%	3.57%	3.46%	3.01%	2.81%	2.87%	2.54%	2.55%	2.71%	3.09%	3.83%
Non-operating income, net	85.4M	-13.6M	-26.6M	-27M	-29.4M	-6.4M	-13.1M	-76.7M	-13.8M	-20.1M	-16.6M	-90.9M
Pretax income	275.4M	153.6M	101.9M	101.3M	74.7M	90.3M	78.1M	7.4M	76.8M	89.9M	140.6M	160.2M
Income tax	66.2M	35.6M	13.1M	18.7M	15.8M	3M	-9.8M	1.3M	25.1M	28.2M	46.2M	33.6M
Net income	209.3M	117.9M	88.8M	82.7M	59M	87.3M	87.9M	6.1M	51.7M	61.7M	94.3M	126.6M
Net margin	3.3%	1.9%	1.57%	1.49%	1.05%	1.54%	1.65%	0.11%	0.88%	0.98%	1.32%	1.53%
EBITDA	301.6M	267.2M	222.7M	230.2M	199.3M	186.9M	177.4M	166.8M	175.6M	209.8M	251.8M	350.3M
EPS	2.29	1.31	0.98	0.92	0.67	1	1.02	0.07	0.62	0.76	1.15	1.54
Diluted EPS	2.25	1.28	0.97	0.91	0.66	0.99	1.01	0.07	0.61	0.75	1.14	1.49

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	4.9B	5.1B	5B	2.8B	4B	4.2B	4.6B	4.7B	4.6B	—	8.3B
Enterprise value	5.6B	6.2B	6.1B	4.1B	5.3B	5.9B	7.7B	7.5B	7.3B	—	11.8B
Shares outstanding	127M	119.9M	109.8M	100.5M	99.3M	98.7M	92M	90.6M	86.3M	—	—

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	9.4	—	28.2	—	20.6	6.11	6.02	9.35	19.1	—	25.1
P/S	0.28	0.27	0.25	0.16	0.2	0.17	0.17	0.2	0.21	—	0.3
P/B	0.95	1.1	1.2	0.75	0.97	1.01	0.98	0.95	0.91	—	1.65
EV/EBITDA	7.97	7.73	7.7	8.78	9.88	5.3	5.6	7.32	9.94	—	12.5
EV/Sales	0.32	0.32	0.31	0.23	0.27	0.24	0.29	0.31	0.33	—	0.43
Earnings yield	10.6%	—	3.55%	—	4.85%	16.4%	16.6%	10.7%	5.25%	—	3.98%
FCF yield	-9.9%	1.9%	8.29%	23.4%	1.02%	-6.34%	-19.6%	9.94%	12.6%	—	-1.55%
PEG	—	—	—	—	—	—	—	—	—	—	0.01

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	13.6%	13.3%	12.7%	11.7%	11.5%	12.2%	12%	11.6%	10.7%	10.4%	10.4%
Operating margin	3.33%	2.81%	3.13%	1.26%	1.87%	3.99%	4.58%	3.78%	2.8%	3.11%	3.85%
Net margin	3.01%	-0.82%	0.9%	-0.18%	0.99%	2.85%	2.9%	2.1%	1.08%	1.21%	1.21%
ROE	10.1%	-3.34%	4.26%	-0.83%	4.73%	16.5%	16.2%	10.1%	4.79%	6.66%	6.67%
ROA	5.42%	-1.63%	2.06%	-0.38%	2.16%	6.66%	6.18%	4.08%	1.98%	2.17%	3.94%
ROIC	8.44%	0%	8.57%	4.44%	6.78%	13.7%	12.3%	9.14%	7.75%	7.37%	7.37%
Return on tangible assets	7.67%	-2.17%	2.7%	-0.48%	2.69%	7.82%	7.06%	4.68%	2.3%	2.42%	2.42%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	3.07	2.56	2.67	2.78	2.34	2.09	2.53	2.32	2.43	1.78	1.78
Quick ratio	1.92	1.5	1.5	1.58	1.29	1.09	1.24	1.1	1.16	0.97	0.97
Debt / equity	0.34	0.35	0.42	0.46	0.37	0.44	0.69	0.63	0.57	0.69	0.69
Debt / assets	0.18	0.17	0.2	0.21	0.17	0.18	0.26	0.26	0.24	0.23	0.23
Net debt / EBITDA	0.94	1.29	1.47	2.72	2.45	1.53	2.2	2.76	3.68	3.36	3.36
Interest coverage	4.12	2.56	2.75	-0.06	2.93	9.3	4.92	3.24	2.02	2.86	2.86
Effective tax rate	15.2%	100%	25.5%	0%	0%	16.9%	21.6%	21.1%	4.13%	28.5%	28.5%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	137.3	158.8	177.7	175.5	196.8	246.4	288.3	262.3	257.4	—	336.3
EPS (basic)	4.13	-1.3	1.61	-0.31	1.95	7.02	8.37	5.51	2.78	—	—
EPS (diluted)	4.08	-1.3	1.59	-0.31	1.93	6.94	8.26	5.43	2.75	—	4.01
Book value per share	40.8	39.1	37.7	37.1	41.1	42.5	51.6	54.4	58.1	—	61.2
FCF per share	-3.85	0.81	3.75	6.54	0.41	-2.72	-9.87	5.12	6.69	—	-4.19
Cash per share	8.8	5.18	4.97	4.75	2.01	1.56	3.13	3.43	2.23	—	1.89
Capex per share	0.95	1.3	1.12	0.73	0.51	0.5	2.12	2.5	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.69%	0.82%	0.63%	0.42%	0.26%	0.2%	0.73%	0.95%	—	—	—
Capex / operating cash flow	34.4%	-127.2%	21.4%	11.9%	112.3%	-13.8%	-26.2%	23.9%	—	—	—
Payout ratio	16.9%	-56.4%	49.4%	-270.2%	43.7%	14.2%	13.8%	22.5%	47.2%	34.2%	34.9%
Dividend yield	1.8%	1.72%	1.75%	3%	2.12%	2.33%	2.29%	2.4%	2.47%	—	1.46%

Yield

1.46%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.37

ex-dividend Sep 9, 2026

Payout ratio

35%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 9, 2026	$0.37
Jun 3, 2026	$0.35
Mar 4, 2026	$0.35

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$6.3B	$6.2B	$5.7B	$5.6B	$5.6B	$5.7B	$5.3B	$5.6B	$5.9B	$6.3B	$7.1B	$8.3B
YoY change	-6.14%	-7.63%	-13.2%	-15.1%	-11.5%	-8.73%	-5.98%	+0.99%	+5.25%	+11.6%	+33.9%	+47.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	1.1B	621.1M	546.1M	477M	199.7M	153.7M	288.2M	310.9M	192.4M	155.4M
Receivables	3.3B	3.6B	3.2B	2.9B	3.6B	4.3B	4.8B	4.4B	4.3B	6.9B
Inventory	2.8B	3.1B	3B	2.7B	3.2B	4.2B	5.5B	5.5B	5.2B	6.1B
Total current assets	7.5B	7.6B	6.9B	6.3B	7.2B	8.9B	10.8B	10.4B	10B	13.3B
Property, plant & equipment	382.7M	390.4M	330.3M	556.5M	512.8M	427.7M	555M	639.7M	610.5M	641.2M
Goodwill & intangibles	2.9B	2.4B	2B	1.7B	1.7B	1.5B	1.6B	1.6B	1.7B	1.6B
Total assets	9.7B	9.6B	8.6B	8.1B	8.9B	10.4B	12.5B	12.2B	12.1B	15.4B
Accounts payable	1.9B	2.3B	1.9B	1.8B	2.4B	3.4B	3.4B	3.3B	3.5B	6.1B
Short-term debt	50.1M	165.4M	300.5M	53.4M	81.4M	229M	122.4M	546.7M	143.5M	789.8M
Total current liabilities	2.5B	3B	2.6B	2.3B	3.1B	4.3B	4.2B	4.5B	4.1B	7.5B
Long-term debt	1.7B	1.5B	1.4B	1.7B	1.4B	1.6B	3.2B	2.6B	2.7B	2.7B
Total liabilities	4.5B	4.9B	4.4B	4.4B	4.8B	6.2B	7.7B	7.3B	7.1B	10.4B
Shareholders' equity	5.2B	4.7B	4.1B	3.7B	4.1B	4.2B	4.8B	4.9B	5B	5B
Total debt	1.8B	1.7B	1.7B	1.7B	1.5B	1.9B	3.3B	3.1B	2.9B	3.5B
Net debt	942.9M	1B	1.2B	1.3B	1.3B	1.7B	3B	2.8B	2.7B	3.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	278.7M	272.9M	218.5M	310.9M	267.5M	172.1M	188.9M	192.4M	175.5M	286.5M	202.4M	155.4M
Receivables	4.7B	4.5B	4.3B	4.4B	4.6B	4.4B	4.1B	4.3B	4.5B	5.2B	5.5B	6.9B
Inventory	5.8B	6.1B	5.8B	5.5B	5.6B	5.3B	5.3B	5.2B	5.4B	5.3B	5.5B	6.1B
Total current assets	10.9B	11.1B	10.5B	10.4B	10.7B	10.1B	9.8B	10B	10.3B	11B	11.4B	13.3B
Property, plant & equipment	691.6M	790.9M	781.1M	639.7M	795.9M	767M	758M	610.5M	866.6M	879.3M	867.9M	641.2M
Goodwill & intangibles	1.5B	1.6B	1.6B	1.6B	1.6B	1.5B	1.6B	1.7B	1.6B	1.7B	1.6B	1.6B
Total assets	12.6B	13B	12.3B	12.2B	12.6B	11.9B	11.7B	12.1B	12.4B	13.2B	13.5B	15.4B
Accounts payable	3.4B	3.3B	3.3B	3.3B	3.6B	3.6B	3.3B	3.5B	3.7B	4.3B	4.6B	6.1B
Short-term debt	122.3M	751.8M	603.6M	546.7M	579.6M	56.1M	200.1M	143.5M	244.1M	516.3M	520.9M	789.8M
Total current liabilities	4.3B	4.8B	4.5B	4.5B	4.7B	4.2B	4B	4.1B	4.4B	5.3B	5.7B	7.5B
Long-term debt	3.3B	2.9B	2.6B	2.6B	2.6B	2.7B	2.6B	2.7B	3B	2.7B	2.7B	2.7B
Total liabilities	7.8B	8B	7.3B	7.3B	7.6B	7.1B	6.8B	7.1B	7.6B	8.2B	8.5B	10.4B
Shareholders' equity	4.8B	5B	5B	4.9B	5B	4.8B	4.9B	5B	4.8B	4.9B	5B	5B
Total debt	3.4B	3.7B	3.2B	3.1B	3.2B	2.8B	2.8B	2.9B	3.2B	3.2B	3.2B	3.5B
Net debt	3.1B	3.4B	3B	2.8B	2.9B	2.6B	2.6B	2.7B	3B	2.9B	3B	3.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	263.4M	-142.9M	176.3M	-31.1M	193.1M	692.4M	770.8M	498.7M	240.2M	334.4M
Depreciation & amortization	155.4M	234.9M	180.8M	242.9M	188.7M	155.2M	143M	140.5M	125.2M	134.7M
Stock-based compensation	47.7M	24M	30.1M	26.8M	29.3M	36.7M	38.8M	33.5M	36.4M	48.7M
Change in working capital	-123.8M	-195.2M	169.1M	381.3M	-403.5M	-1.2B	-1.7B	269.5M	694.8M	-924.8M
Operating cash flow	350.2M	-122.6M	572.6M	617M	44.9M	-353.8M	-742.5M	948.3M	724.5M	-280.9M
Capital expenditure	-120.4M	-155.9M	-122.7M	-73.5M	-50.4M	-48.9M	-194.7M	-226.5M	—	—
Investing cash flow	-904.5M	-164.5M	-25.2M	-186.5M	-61.2M	51.3M	-211.6M	-225.5M	10.3M	2.1M
Dividends paid	-88.7M	-88.3M	-87.2M	-84M	-84.3M	-98.5M	-106.3M	-112M	-113.3M	-114.4M
Share repurchases	-275.9M	-323.5M	-568.7M	-237.8M	0	-184.4M	-221.7M	-162.7M	-303.5M	-138.3M
Financing cash flow	-1.2B	-639.8M	-644.4M	-644.5M	-314M	391.1M	1.7B	-433.8M	-693.5M	315.9M
Net change in cash	-1.8B	-926.9M	-97M	-214.1M	-330.4M	88.6M	732.7M	289M	41.3M	37.1M
Free cash flow	-489.1M	97.6M	412.1M	656.7M	40.6M	-268.2M	-908.4M	463.5M	577M	-354.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	209.3M	117.9M	88.8M	82.7M	59M	87.3M	87.9M	6.1M	51.7M	61.7M	94.3M	126.6M
Depreciation & amortization	34.8M	34.1M	35.4M	36.2M	33.8M	30.4M	29M	31.9M	30.8M	33.4M	33.4M	37.2M
Stock-based compensation	9.4M	10.6M	7.2M	6.3M	11M	10M	9.5M	6M	9.7M	16.1M	9.9M	13M
Change in working capital	-229.9M	-170.8M	490.9M	179.4M	90M	325.6M	103.6M	175.6M	-190.6M	69.9M	-197.4M	-606.7M
Operating cash flow	8.9M	46.2M	603.3M	289.8M	195.5M	431.8M	194.5M	139.5M	-144.6M	208.2M	-53.8M	-290.7M
Capital expenditure	-76.1M	-82M	-42.1M	-26.3M	-31.8M	-29.4M	-26.7M	—	—	—	—	—
Investing cash flow	-75.8M	-81.9M	-41.9M	-25.9M	-31.4M	-29.3M	-16.7M	-6K	80K	336K	587K	1.1M
Dividends paid	-28.3M	-27.8M	-28M	-27.8M	-28.9M	-28.6M	-28.2M	-27.7M	-28.5M	-28.5M	-28.7M	-28.7M
Share repurchases	-24.3M	-61.7M	0	-76.7M	-100M	-52.2M	-101.3M	-50M	-138.3M	0	0	0
Financing cash flow	192.1M	-301M	-537.8M	8.5M	-109.4M	-404.2M	-138.3M	9.7M	155.1M	-73.7M	-12.9M	257.7M
Net change in cash	125.2M	-336.7M	23.6M	272.4M	54.7M	-1.8M	39.5M	149.1M	10.6M	134.9M	-66.1M	-32M
Free cash flow	-117.4M	-124.3M	457.2M	248M	74.5M	308.5M	114.1M	79.9M	-169.2M	192.9M	-70.7M	-307.5M

Date	Ratio
Sep 29, 2000	2:1
Feb 16, 1983	2:1
Jun 1, 1981	11:10

Avnet Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history