Arrow Electronics Inc. (ARW) 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 %
Q1 27	$4.45	$5.45	+22.5%	—	—	—
Q4 26	$2.85	$5.22	+83.2%	—	—	—
Q3 26	$3.57	$4.39	+23.0%	—	—	—
Q2 26	$2.29	$2.41	+5.2%	—	—	—
Q1 26	$2.05	$2.43	+18.5%	—	—	—
Q4 25	$1.43	$1.8	+25.9%	—	—	—
Q3 25	$2.68	$2.97	+10.8%	—	—	—
Q2 25	$2.22	$2.38	+7.2%	—	—	—
Q1 25	$2.16	$2.78	+28.7%	—	—	—
Q4 24	$2.37	$2.41	+1.7%	—	—	—
Q3 24	$3.72	$3.98	+7.0%	—	—	—
Q2 24	$3.51	$4.14	+17.9%	—	—	—
Q1 24	$4.34	$4.37	+0.7%	—	—	—
Q4 23	$4.5	$4.6	+2.2%	—	—	—
Q3 23	$5.68	$5.69	+0.2%	—	—	—
Q2 23	$5.39	$5.45	+1.1%	—	—	—

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 %
FY25	—	$11	—	—	$30.9B	—
FY24	—	$7.36	—	—	$27.9B	—
FY23	—	$16	—	—	$33.1B	—
FY22	—	$22	—	—	$37.1B

Total revenue

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

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$23.5B	$26.6B	$29.7B	$28.9B	$28.7B	$34.5B	$37.1B	$33.1B	$27.9B	$30.9B
YoY change	+0.88%	+13.1%	+11.8%	-2.56%	-0.84%	+20.2%	+7.68%	-10.8%	-15.7%	+10.5%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	23.5B	26.6B	29.7B	28.9B	28.7B	34.5B	37.1B	33.1B	27.9B	30.9B
Cost of revenue	20.3B	23.2B	26B	25.6B	25.5B	30.3B	32.3B	29B	24.6B	27.4B
Gross profit	3.1B	3.4B	3.7B	3.3B	3.2B	4.2B	4.8B	4.1B	3.3B	3.5B
Gross margin	13.4%	12.6%	12.5%	11.4%	11.1%	12.2%	13%	12.5%	11.8%	11.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.1B	2.2B	2.3B	2.2B	2.1B	2.4B	2.6B	2.4B	2.2B	2.4B
Operating expenses	2.1B	2.2B	2.3B	2.2B	2.1B	2.4B	2.6B	2.4B	2.2B	2.4B
Operating income	917.8M	1B	1.2B	892.1M	912.2M	1.6B	2.1B	1.6B	907.2M	938.3M
Operating margin	3.91%	3.83%	4.08%	3.09%	3.18%	4.55%	5.6%	4.69%	3.25%	3.04%
Non-operating income, net	-50.9M	-158.3M	-87.3M	-800.2M	-15.7M	1.1M	-8.9M	-58.2M	-148M	-5.3M
Pretax income	715.5M	693.9M	909.4M	-111.8M	759.3M	1.4B	1.9B	1.2B	489.3M	717.9M
Income tax	190.7M	286.5M	187.8M	88.3M	172.8M	325.9M	449M	255M	95.8M	148.2M
Net income	524.8M	407.4M	721.6M	-200.2M	586.5M	1.1B	1.4B	909.4M	393.5M	569.7M
Net margin	2.23%	1.53%	2.43%	-0.69%	2.05%	3.22%	3.87%	2.75%	1.41%	1.85%
EBITDA	1.1B	1.2B	1.4B	1.1B	1.1B	1.8B	2.3B	1.7B	1.1B	1.1B
EPS	5.75	4.53	8.19	-2.44	7.49	15.3	22	16	7.36	11
Diluted EPS	5.68	4.48	8.1	-2.44	7.43	15.1	21.8	15.8	7.29	10.9

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	7.7B	8.7B	9.5B	10B
Cost of revenue	—	—	—	—	—	—	—	—	6.9B	7.7B	8.4B	8.9B
Gross profit	979.6M	989.5M	857.8M	846.4M	784.8M	803.3M	774M	848.7M	835.3M	1B	1.1B	1.1B
Gross margin	—	—	—	—	—	—	—	—	10.8%	11.5%	11.5%	11.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	587.9M	639.5M	656.1M	688.1M
Operating expenses	—	—	—	—	—	—	—	—	587.9M	639.5M	656.1M	688.1M
Operating income	—	—	—	—	—	—	—	—	214.7M	335.3M	398.3M	401.5M
Operating margin	—	—	—	—	—	—	—	—	2.78%	3.83%	4.2%	4.02%
Non-operating income, net	—	—	—	—	—	—	—	—	-31M	-38.6M	-42.5M	-11M
Pretax income	—	—	—	—	—	—	—	—	128.8M	253M	307.3M	353.1M
Income tax	—	—	—	—	—	—	—	—	19.5M	59.4M	71.2M	80.3M
Net income	—	—	—	—	—	—	—	—	109.3M	193.5M	236M	272.8M
Net margin	—	—	—	—	—	—	—	—	1.42%	2.21%	2.49%	2.73%
EBITDA	—	—	—	—	—	—	—	—	247.2M	371M	434.3M	438.1M
EPS	3.57	3.58	1.54	2.03	1.9	1.88	1.53	3.62	2.11	3.78	4.58	5.32
Diluted EPS	3.53	3.54	1.53	2.01	1.88	1.86	1.51	3.59	2.09	3.75	4.55	5.26

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6.5B	7.1B	6B	7.1B	7.6B	9.7B	—	—	6B	5.7B	11.7B
Enterprise value	8.7B	9.7B	9B	9.8B	9.5B	12.1B	—	—	9B	8.5B	13.9B
Shares outstanding	91M	88.7M	87.5M	83.6M	78M	72.5M	64.8M	56.4M	53.3M	51.8M	51.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	12.4	17.5	8.36	—	12.9	8.76	—	—	15.3	10	14.7
P/S	0.28	0.27	0.2	0.24	0.26	0.28	—	—	0.22	0.18	0.32
P/B	1.45	1.43	1.12	1.46	1.47	1.82	—	—	1.03	0.86	1.67
EV/EBITDA	8.06	8.04	6.49	9.04	8.61	6.87	—	—	8.36	7.88	9.42
EV/Sales	0.37	0.36	0.3	0.34	0.33	0.35	—	—	0.32	0.28	0.39
Earnings yield	8.09%	5.71%	12%	—	7.73%	11.4%	—	—	6.53%	9.98%	6.82%
FCF yield	3.01%	-1.11%	1.95%	9.99%	16.3%	3.45%	—	—	17.2%	-0.65%	6.25%
PEG	—	—	—	—	—	—	—	—	—	—	0.31

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.4%	12.6%	12.5%	11.4%	11.1%	12.2%	13%	12.5%	11.8%	11.2%	11.3%
Operating margin	3.91%	3.83%	4.08%	3.09%	3.18%	4.55%	5.6%	4.69%	3.25%	3.04%	3.95%
Net margin	2.23%	1.53%	2.43%	-0.69%	2.05%	3.22%	3.87%	2.75%	1.41%	1.85%	2.26%
ROE	11.8%	8.15%	13.4%	-4.11%	11.4%	20.8%	25.6%	15.5%	6.75%	8.56%	12%
ROA	3.69%	2.48%	4.06%	-1.22%	3.44%	5.68%	6.59%	4.19%	1.81%	1.96%	2.66%
ROIC	10%	7.9%	11.5%	11.8%	10%	15.6%	17.2%	12.8%	8.32%	7.89%	11.7%
Return on tangible assets	6%	3.72%	6.12%	-1.71%	4.75%	7.41%	8.25%	5.24%	2.25%	2.31%	2.39%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.54	1.56	1.55	1.52	1.44	1.4	1.48	1.39	1.46	1.36	1.22
Quick ratio	1.12	1.15	1.11	1.1	1.08	1.03	1.05	1	1.08	1.09	1.01
Debt / equity	0.62	0.66	0.65	0.61	0.44	0.49	0.67	0.65	0.54	0.46	0.31
Debt / assets	0.2	0.2	0.2	0.18	0.13	0.13	0.17	0.18	0.14	0.11	0.06
Net debt / EBITDA	2.08	2.12	2.14	2.48	1.71	1.36	1.58	2.06	2.74	2.58	1.29
Interest coverage	5.73	4.53	5.23	0.45	6.53	11.9	11.1	4.54	2.81	4.34	6.65
Effective tax rate	26.7%	41.3%	20.7%	0%	22.8%	22.7%	23.8%	21.9%	19.6%	20.6%	22.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	258.2	299.4	339.3	346	367.6	475.7	572.6	587.4	524.1	595.6	698.5
EPS (basic)	5.75	4.53	8.19	-2.44	7.49	15.3	22	16	7.36	11	11
EPS (diluted)	5.68	4.48	8.1	-2.44	7.43	15.1	21.8	15.8	7.29	10.9	15.6
Book value per share	49.1	56.4	61.5	58.2	66	73.7	86.5	104.3	109.4	128.5	137.4
FCF per share	2.14	-0.9	1.34	8.46	15.8	4.64	-1.73	11	19.5	-0.72	15.9
Cash per share	5.87	8.23	5.82	3.59	4.79	3.07	2.73	3.87	3.54	5.92	4.81
Capex per share	1.81	2.02	1.49	1.71	1.58	0.84	1.22	1.48	1.64	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.7%	0.68%	0.44%	0.5%	0.43%	0.18%	0.21%	0.25%	0.31%	—	—
Capex / operating cash flow	51%	647.5%	93.6%	92.6%	9.72%	140.3%	-60.4%	12.1%	6.92%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	0.04%

Yield

0.04%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.0125

ex-dividend Sep 18, 1986

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 18, 1986	$0.0125
Jun 19, 1986	$0.0125
Mar 20, 1986	$0.0125
Dec 19, 1985	$0.0125
Sep 19, 1985	$0.0125
Jun 20, 1985	$0.0125
Mar 21, 1985	$0.0125
Dec 19, 1984	$0.0125

Split history

Date	Ratio
Oct 16, 1997	2:1
Jan 12, 1981	2:1

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$7.7B	$8.7B	$9.5B	$10B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	534.3M	730.1M	509.3M	300.1M	373.6M	222.2M	176.9M	218.1M	188.8M	306.5M
Receivables	6.7B	8.1B	8.9B	8.5B	9.2B	11.1B	12.3B	12.2B	13B	19.7B
Inventory	2.9B	3.3B	3.9B	3.5B	3.3B	4.2B	5.3B	5.2B	4.7B	5.1B
Total current assets	10.3B	12.4B	13.6B	12.5B	13.2B	15.9B	18.3B	18.3B	18.4B	25.7B
Property, plant & equipment	581.2M	677.8M	666M	629.7M	592M	496.7M	412.2M	335.2M	275.2M	275.2M
Goodwill & intangibles	5.5B	5.5B	6B	4.7B	4.7B	4.6B	4.4B	4.4B	4.3B	4.4B
Total assets	14.2B	16.5B	17.8B	16.4B	17.1B	19.5B	21.8B	21.7B	21.8B	29.1B
Accounts payable	5.8B	6.8B	7.6B	7B	7.9B	9.6B	10.5B	10.1B	11B	17.4B
Short-term debt	93.8M	356.8M	246.3M	331.4M	158.6M	382.6M	589.9M	1.7B	350M	341K
Total current liabilities	6.7B	8B	8.8B	8.3B	9.1B	11.3B	12.4B	13.2B	12.6B	18.8B
Long-term debt	2.7B	2.9B	3.2B	2.6B	2.1B	2.2B	3.2B	2.2B	2.8B	3.1B
Total liabilities	9.7B	11.5B	12.4B	11.5B	11.9B	14.2B	16.2B	15.8B	15.9B	22.4B
Shareholders' equity	4.5B	5B	5.4B	4.9B	5.1B	5.3B	5.6B	5.9B	5.8B	6.7B
Total debt	2.8B	3.3B	3.5B	3B	2.3B	2.6B	3.8B	3.8B	3.1B	3.1B
Net debt	2.3B	2.6B	3B	2.7B	1.9B	2.4B	3.6B	3.6B	2.9B	2.8B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	333.3M	218.1M	242.8M	213M	248M	188.8M	231.9M	222M	213.6M	306.5M	286.5M	244.6M
Receivables	10.7B	12.2B	11.1B	10.9B	11.7B	13B	12.4B	15.3B	15.7B	19.7B	26B	28B
Inventory	5.8B	5.2B	4.8B	4.7B	4.5B	4.7B	4.8B	4.7B	4.7B	5.1B	5.7B	5.9B
Total current assets	17.3B	18.3B	16.9B	16.8B	17.5B	18.4B	18B	20.8B	21.1B	25.7B	32.6B	35B
Property, plant & equipment	350.4M	335.2M	320.8M	309.6M	300.2M	275.2M	273.2M	278M	281.1M	275.2M	262.7M	255M
Goodwill & intangibles	4.3B	4.4B	4.3B	4.3B	4.4B	4.3B	4.3B	4.4B	4.4B	4.4B	4.4B	4.4B
Total assets	20.6B	21.7B	20.3B	20.1B	20.9B	21.8B	21.4B	24.3B	24.5B	29.1B	36B	38.4B
Accounts payable	9.1B	10.1B	8.9B	8.8B	9.4B	11B	10.9B	13.2B	13.1B	17.4B	24.7B	27.1B
Short-term debt	1.6B	1.7B	945.7M	860.5M	909.8M	350M	531M	455.6M	10.8M	341K	113.4M	117.5M
Total current liabilities	11.9B	13.2B	11.4B	11.3B	12B	12.6B	12.6B	15B	14.4B	18.8B	26.3B	28.7B
Long-term debt	2.6B	2.2B	2.6B	2.5B	2.4B	2.8B	2.3B	2.4B	3.1B	3.1B	2.4B	2.1B
Total liabilities	15.1B	15.8B	14.5B	14.3B	14.9B	15.9B	15.4B	17.8B	18.1B	22.4B	29.1B	31.3B
Shareholders' equity	5.6B	5.9B	5.8B	5.8B	6B	5.8B	6B	6.4B	6.5B	6.7B	6.8B	7.1B
Total debt	4.2B	3.8B	3.6B	3.3B	3.3B	3.1B	2.8B	2.8B	3.1B	3.1B	2.5B	2.2B
Net debt	3.9B	3.6B	3.3B	3.1B	3B	2.9B	2.6B	2.6B	2.9B	2.8B	2.2B	1.9B

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	524.8M	407.4M	721.6M	-200.2M	586.5M	1.1B	1.4B	909.4M	393.5M	569.7M
Depreciation & amortization	159.2M	153.6M	186.4M	189.8M	189.1M	195.1M	187.4M	181.1M	163M	137.8M
Stock-based compensation	39.8M	39.1M	46.2M	41.1M	35.3M	36.1M	42.9M	41.6M	34.6M	27.9M
Change in working capital	-435.4M	-621.3M	-825.8M	163.5M	425.4M	-1.3B	-1.8B	-374.9M	769.1M	-582.4M
Operating cash flow	323.1M	27.7M	138.8M	154.6M	1.3B	43.4M	-130.5M	685.7M	1.3B	64M
Capital expenditure	-164.7M	-179.5M	-129.9M	-143.2M	-123.6M	-60.9M	-78.8M	-83.3M	-87.5M	—
Investing cash flow	-241.4M	-188.8M	-443M	-166M	-138.1M	-60.1M	-57.7M	-72.3M	-94.4M	124.9M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-216.4M	-174.2M	-243.3M	-404.2M	-483.7M	-911.5M	-1B	-770.2M	-265.1M	-161.7M
Financing cash flow	143.2M	234.6M	-45.7M	-923.3M	-1.2B	-510.3M	92.4M	-683.2M	-962.2M	-209.6M
Net change in cash	224.9M	73.5M	-349.8M	-934.7M	-115.3M	-527M	-95.7M	-69.8M	209.1M	-20.7M
Free cash flow	195M	-79.4M	117.4M	707.2M	1.2B	335.9M	-111.9M	622.2M	1B	-37.2M

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	200M	196.2M	83.1M	109.6M	100.9M	99.9M	79.9M	187M	109.3M	193.5M	236M	272.8M
Depreciation & amortization	45M	43.2M	41.7M	41M	40.6M	39.6M	35.8M	35.2M	32.8M	34M	36.1M	35.6M
Stock-based compensation	6.5M	6.7M	13.4M	8.3M	8.5M	4.4M	18.6M	11.6M	-9.8M	7.4M	9.6M	12.8M
Change in working capital	-43.3M	-54M	245.1M	-95M	32.3M	586.6M	305M	-346M	-395.5M	-146M	388.3M	-111.8M
Operating cash flow	189.7M	169.6M	381.8M	63M	168.6M	652.1M	432.7M	-205.9M	-281.7M	199.9M	699.8M	318.3M
Capital expenditure	-20.7M	-25.5M	-29.5M	-22.1M	-18.5M	-17.4M	-25M	—	—	—	—	—
Investing cash flow	-20.7M	-25.5M	-24.4M	-20.8M	-7.8M	-17.2M	-25M	—	0	0	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-203.5M	-50.5M	-87.9M	-75.4M	-51.1M	-50.8M	-59.4M	-50.7M	-630K	-50.9M	-33.3M	-41.9M
Financing cash flow	-157.1M	-451.7M	-320.6M	-318.9M	-121.1M	-201.4M	-343M	-76M	306.3M	-96.7M	-653.7M	-337.3M
Net change in cash	11.9M	-307.5M	36.8M	-276.7M	39.7M	433.5M	64.7M	-281.9M	24.6M	103.2M	46M	-19M
Free cash flow	301M	261.2M	373.7M	298.1M	62M	303.9M	326.7M	-224.5M	-312M	172.6M	667.6M	297.2M

Arrow Electronics 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

Split history

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