NASDAQ : AVT
Avnet, Inc. — Financial statements
Technology · Electronics & Computer Distribution · United States
Last price 88.2 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.24B
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Financial statements
Avnet, Inc. (AVT) reported revenue of 27.63B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 27.63B | 27.63B | 22.20B | 23.76B | 26.54B | 24.31B |
| Cost of Revenue | 24.75B | 24.75B | 19.82B | 20.99B | 23.35B | 21.35B |
| Gross Profit | 2.88B | 2.88B | 2.38B | 2.77B | 3.18B | 2.97B |
| Selling, General & Admin | 2.01B | 2.01B | 1.75B | 1.85B | 1.98B | 1.98B |
| Other Operating Expenses | -3.00K | -3.00K | 316.00K | |||
| Operating Expenses | 2.01B | 2.01B | 1.75B | 1.85B | 1.98B | 1.98B |
| Operating Income | 867.37M | 867.37M | 634.02M | 912.05M | 1.20B | 987.54M |
| Interest Expense | -253.14M | -253.14M | -250.47M | -287.40M | -252.50M | -100.38M |
| Currency Exchange Gain (Loss) | -26.70M | -26.70M | 19.61M | -27.13M | 42.09M | -37.34M |
| Other Non Operating Income (Expenses) | 14.61M | 14.61M | -44.59M | 795.00K | -12.85M | 15.03M |
| EBT Excluding Unusual Items | 602.14M | 602.14M | 358.57M | 598.31M | 973.88M | 864.87M |
| Merger & Restructuring Charges | -134.71M | -134.71M | -64.60M | -52.55M | -28.04M | -5.27M |
| Legal Settlements | 86.50M | 37.04M | ||||
| Other Unusual Items | -43.40M | -26.26M | ||||
| Pretax Income | 467.44M | 467.44M | 250.57M | 632.26M | 982.88M | 833.33M |
| Income Tax Expense | 133.05M | 133.05M | 10.35M | 133.56M | 212.05M | 140.96M |
| Earnings From Continuing Operations | 334.39M | 334.39M | 240.22M | 498.70M | 770.83M | 692.38M |
| Net Income | 334.39M | 334.39M | 240.22M | 498.70M | 770.83M | 692.38M |
| Net Income to Common | 334.39M | 334.39M | 240.22M | 498.70M | 770.83M | 692.38M |
| Shares Outstanding (Basic) | 82.16M | 82.16M | 86.27M | 90.57M | 92.04M | 98.66M |
| Shares Outstanding (Diluted) | 83.42M | 83.42M | 87.41M | 91.84M | 93.37M | 99.82M |
| EPS (Basic) | 4.07 | 4.07 | 2.78 | 5.51 | 8.37 | 7.02 |
| EPS (Diluted) | 4.01 | 4.01 | 2.75 | 5.43 | 8.26 | 6.94 |
| Free Cash Flow | -354.50M | -354.50M | 577.03M | 463.51M | -908.38M | -268.21M |
| Free Cash Flow Per Share | -4.25 | -4.25 | 6.60 | 5.05 | -9.73 | -2.69 |
| Dividend Per Share | 1.40 | 1.40 | 1.32 | 1.24 | 1.16 | 1.00 |
| Gross Margin | 10.43% | 10.43% | 10.74% | 11.64% | 11.99% | 12.20% |
| Operating Margin | 3.14% | 3.14% | 2.86% | 3.84% | 4.51% | 4.06% |
| Profit Margin | 1.21% | 1.21% | 1.08% | 2.10% | 2.90% | 2.85% |
| Free Cash Flow Margin | -1.28% | -1.28% | 2.60% | 1.95% | -3.42% | -1.10% |
| EBITDA | 944.16M | 944.16M | 705.63M | 998.76M | 1.29B | 1.09B |
| EBITDA Margin | 3.42% | 3.42% | 3.18% | 4.20% | 4.84% | 4.48% |
| D&A For EBITDA | 76.79M | 76.79M | 71.62M | 86.71M | 88.61M | 102.33M |
| EBIT | 867.37M | 867.37M | 634.02M | 912.05M | 1.20B | 987.54M |
| EBIT Margin | 3.14% | 3.14% | 2.86% | 3.84% | 4.51% | 4.06% |
| Effective Tax Rate | 28.46% | 28.46% | 4.13% | 21.12% | 21.57% | 16.91% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 155.40M | 155.40M | 192.43M | 310.94M | 288.23M | 153.69M |
| Cash & Short-Term Investments | 155.40M | 155.40M | 192.43M | 310.94M | 288.23M | 153.69M |
| Receivables | 6.88B | 6.88B | 4.33B | 4.39B | 4.76B | 4.30B |
| Inventory | 6.07B | 6.07B | 5.24B | 5.47B | 5.47B | 4.24B |
| Prepaid Expenses | 205.60M | 205.60M | 219.62M | 187.58M | 164.70M | 152.88M |
| Other Current Assets | 20.45M | 20.45M | 43.75M | 12.12M | 69.10M | 24.91M |
| Total Current Assets | 13.33B | 13.33B | 10.02B | 10.37B | 10.75B | 8.88B |
| Property, Plant & Equipment | 893.53M | 893.53M | 869.14M | 777.14M | 663.25M | 542.34M |
| Long-Term Investments | 25.90M | 25.90M | ||||
| Goodwill | 810.16M | 810.16M | 837.03M | 780.98M | 780.63M | 758.83M |
| Long-Term Deferred Tax Assets | 311.78M | 311.78M | 324.01M | 203.21M | 187.27M | 156.53M |
| Other Long-Term Assets | 50.19M | 50.19M | 69.63M | 77.26M | 95.15M | 54.20M |
| Total Assets | 15.43B | 15.43B | 12.12B | 12.21B | 12.48B | 10.39B |
| Accounts Payable | 6.05B | 6.05B | 3.49B | 3.35B | 3.37B | 3.43B |
| Accrued Expenses | 335.53M | 335.53M | 314.64M | 297.79M | 411.74M | 304.18M |
| Short-Term Debt | 733.95M | 733.95M | 87.28M | 77.61M | 70.64M | 174.42M |
| Current Portion of Long-Term Debt | 415.10M | |||||
| Current Portion of Leases | 55.89M | 55.89M | 56.25M | 53.99M | 51.79M | 54.53M |
| Current Income Taxes Payable | 31.54M | 31.54M | 12.41M | 46.14M | 93.52M | 24.83M |
| Other Current Liabilities | 292.19M | 292.19M | 170.10M | 229.12M | 247.87M | 262.01M |
| Total Current Liabilities | 7.50B | 7.50B | 4.13B | 4.47B | 4.25B | 4.25B |
| Long-Term Debt | 2.48B | 2.48B | 2.57B | 2.41B | 2.99B | 1.44B |
| Long-Term Leases | 207.11M | 207.11M | 159.45M | 173.89M | 190.62M | 199.42M |
| Other Long-Term Liabilities | 213.48M | 213.48M | 244.78M | 237.86M | 297.46M | 307.30M |
| Total Liabilities | 10.40B | 10.40B | 7.11B | 7.28B | 7.73B | 6.20B |
| Common Stock | 82.08M | 82.08M | 83.85M | 89.05M | 91.50M | 95.70M |
| Additional Paid-In Capital | 1.80B | 1.80B | 1.76B | 1.72B | 1.69B | 1.66B |
| Retained Earnings | 3.51B | 3.51B | 3.43B | 3.60B | 3.38B | 2.92B |
| Comprehensive Income & Other | -375.39M | -375.39M | -257.69M | -486.72M | -409.38M | -481.25M |
| Shareholders' Equity | 5.02B | 5.02B | 5.01B | 4.93B | 4.75B | 4.19B |
| Total Liabilities & Equity | 15.43B | 15.43B | 12.12B | 12.21B | 12.48B | 10.39B |
| Total Debt | 3.48B | 3.48B | 2.88B | 3.13B | 3.30B | 1.87B |
| Net Cash (Debt) | -3.32B | -3.32B | -2.69B | -2.82B | -3.01B | -1.71B |
| Net Cash Per Share | -39.81 | -39.81 | -30.72 | -30.67 | -32.27 | -17.15 |
| Filing Date Shares Outstanding | 82.07M | 82.07M | 83.46M | 88.11M | 91.49M | 94.67M |
| Total Common Shares Outstanding | 82.08M | 82.08M | 83.85M | 89.05M | 91.50M | 95.70M |
| Working Capital | 5.83B | 5.83B | 5.89B | 5.91B | 6.50B | 4.62B |
| Book Value Per Share | 61.19 | 61.19 | 59.76 | 55.31 | 51.93 | 43.81 |
| Tangible Book Value | 4.21B | 4.21B | 4.17B | 4.14B | 3.97B | 3.43B |
| Tangible Book Value Per Share | 51.32 | 51.32 | 49.78 | 46.54 | 43.40 | 35.88 |
| Land | 30.93M | 30.93M | 31.90M | 29.36M | 22.04M | 21.41M |
| Buildings | 252.33M | 252.33M | 258.65M | 137.46M | 108.24M | 114.62M |
| Machinery | 1.14B | 1.14B | 1.20B | 1.18B | 1.14B | 1.09B |
| Construction In Progress | 190.42M | 190.42M | 217.17M | 227.62M | 138.98M | 5.78M |
| Leasehold Improvements | 169.88M | 169.88M | 151.75M | 138.76M | 137.75M | 119.92M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 334.39M | 334.39M | 240.22M | 498.70M | 770.83M | 692.38M |
| Depreciation & Amortization | 134.75M | 134.75M | 125.19M | 140.50M | 143.00M | 155.21M |
| Stock-Based Compensation | 48.69M | 48.69M | 36.40M | 33.50M | 38.78M | 36.74M |
| Provision & Write-off of Bad Debts | 472.00K | 472.00K | 3.50M | 12.57M | 16.80M | 30.79M |
| Other Operating Activities | 3.13M | 3.13M | -82.97M | -6.52M | -1.72M | -49.19M |
| Change in Accounts Receivable | -2.61B | -2.61B | 183.53M | 316.22M | -461.12M | -1.13B |
| Change in Inventory | -918.33M | -918.33M | 409.55M | -51.20M | -1.17B | -1.22B |
| Change in Accounts Payable | 2.61B | 2.61B | 101.70M | 4.50M | -75.94M | 1.13B |
| Change in Other Net Operating Assets | 122.45M | 122.45M | -292.62M | -258.28M | 28.79M | 134.45M |
| Operating Cash Flow | -280.93M | -280.93M | 724.50M | 689.98M | -713.70M | -219.31M |
| Capital Expenditures | -73.57M | -73.57M | -147.47M | -226.48M | -194.67M | -48.90M |
| Other Investing Activities | 2.10M | 2.10M | 10.35M | 994.00K | -16.88M | 100.20M |
| Investing Cash Flow | -71.47M | -71.47M | -137.13M | -225.48M | -211.55M | 51.30M |
| Long-Term Debt Issued | 1.12B | 1.12B | 84.90M | 27.49M | 1.48B | 809.92M |
| Total Debt Issued | 1.12B | 1.12B | 84.90M | 27.49M | 1.48B | 809.92M |
| Long-Term Debt Repaid | -550.00M | -550.00M | -359.75M | -183.98M | -96.21M | -354.34M |
| Total Debt Repaid | -550.00M | -550.00M | -359.75M | -183.98M | -96.21M | -354.34M |
| Net Debt Issued (Repaid) | 568.88M | 568.88M | -274.85M | -156.49M | 1.39B | 455.58M |
| Repurchase of Common Stock | -138.31M | -138.31M | -303.49M | -162.72M | -221.73M | -184.38M |
| Common Dividends Paid | -114.36M | -114.36M | -113.31M | -111.96M | -106.33M | -98.49M |
| Other Financing Activities | -321.00K | -321.00K | -1.88M | -2.63M | -5.78M | -16.65M |
| Financing Cash Flow | 315.89M | 315.89M | -693.53M | -433.80M | 1.05B | 156.06M |
| Foreign Exchange Rate Adjustments | -526.00K | -526.00K | -12.36M | -7.99M | 5.04M | -34.05M |
| Net Cash Flow | -37.03M | -37.03M | -118.51M | 22.71M | 134.54M | -46.00M |
| Free Cash Flow | -354.50M | -354.50M | 577.03M | 463.51M | -908.38M | -268.21M |
| Free Cash Flow Margin | -1.28% | -1.28% | 2.60% | 1.95% | -3.42% | -1.10% |
| Free Cash Flow Per Share | -4.25 | -4.25 | 6.60 | 5.05 | -9.73 | -2.69 |
| Levered Free Cash Flow | -129.34M | -129.34M | 553.14M | 532.55M | -1.06B | -12.79M |
| Unlevered Free Cash Flow | 28.88M | 28.88M | 709.69M | 712.18M | -900.12M | 49.95M |
| Cash Interest Paid | 269.85M | 269.85M | 287.59M | 351.37M | 261.59M | 112.33M |
| Cash Income Tax Paid | 106.61M | 106.61M | 246.00M | 208.59M | 216.78M | 6.89M |
| Change in Working Capital | -802.36M | -802.36M | 402.16M | 11.23M | -1.68B | -1.09B |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.24B | 7.08B | 4.42B | 4.65B | 4.61B | 4.13B |
| Enterprise Value | 10.56B | 10.05B | 7.06B | 7.63B | 7.78B | 5.55B |
| Last Close Price | 88.20 | 86.02 | 51.25 | 48.83 | 46.65 | 38.06 |
| PE Ratio | 22.00 | 21.19 | 18.38 | 9.33 | 5.98 | 5.96 |
| Forward PE | 7.73 | 11.36 | 11.92 | 11.67 | 8.70 | 5.68 |
| PS Ratio | 0.26 | 0.26 | 0.20 | 0.20 | 0.17 | 0.17 |
| PB Ratio | 1.44 | 1.41 | 0.88 | 0.94 | 0.97 | 0.98 |
| P/TBV Ratio | 1.72 | 1.68 | 1.06 | 1.12 | 1.16 | 1.20 |
| P/FCF Ratio | 7.65 | 10.04 | ||||
| P/OCF Ratio | 6.09 | 6.75 | ||||
| PEG Ratio | 0.25 | 0.37 | 1.34 | 3.74 | 3.74 | 0.27 |
| EV/Sales Ratio | 0.38 | 0.36 | 0.32 | 0.32 | 0.29 | 0.23 |
| EV/EBITDA Ratio | 11.18 | 10.65 | 10.00 | 7.64 | 6.05 | 5.09 |
| EV/EBIT Ratio | 12.17 | 11.59 | 11.13 | 8.36 | 6.50 | 5.62 |
| EV/FCF Ratio | 12.23 | 16.46 | ||||
| Debt / Equity Ratio | 0.69 | 0.69 | 0.57 | 0.64 | 0.69 | 0.45 |
| Debt / EBITDA Ratio | 3.31 | 3.31 | 3.58 | 2.86 | 2.40 | 1.58 |
| Debt / FCF Ratio | 4.99 | 6.75 | ||||
| Net Debt / Equity Ratio | 0.66 | 0.66 | 0.54 | 0.57 | 0.63 | 0.41 |
| Net Debt / EBITDA Ratio | 3.52 | 3.52 | 3.81 | 2.82 | 2.34 | 1.57 |
| Net Debt / FCF Ratio | -9.37 | -9.37 | 4.65 | 6.08 | -3.32 | -6.38 |
| Asset Turnover | 2.01 | 2.01 | 1.82 | 1.93 | 2.32 | 2.52 |
| Inventory Turnover | 4.38 | 4.38 | 3.70 | 3.84 | 4.81 | 5.71 |
| Quick Ratio | 0.94 | 0.94 | 1.09 | 1.05 | 1.19 | 1.05 |
| Current Ratio | 1.78 | 1.78 | 2.43 | 2.32 | 2.53 | 2.09 |
| Return on Equity (ROE) | 6.67% | 6.67% | 4.83% | 10.31% | 17.24% | 16.73% |
| Return on Assets (ROA) | 3.94% | 3.94% | 3.26% | 4.62% | 6.54% | 6.39% |
| Return on Invested Capital (ROIC) | 7.63% | 7.74% | 7.87% | 9.28% | 13.74% | 14.52% |
| Return on Capital Employed (ROCE) | 10.90% | 10.90% | 7.90% | 11.80% | 14.60% | 16.10% |
| Earnings Yield | 4.55% | 4.72% | 5.44% | 10.72% | 16.72% | 16.77% |
| FCF Yield | -4.90% | -5.00% | 13.07% | 9.96% | -19.70% | -6.50% |
| Dividend Yield | 1.68% | 1.62% | 2.51% | 2.37% | 2.30% | 2.32% |
| Payout Ratio | 36.91% | 34.20% | 47.17% | 22.45% | 13.79% | 14.22% |
| Buyback Yield / Dilution | 4.57% | 4.57% | 4.82% | 1.64% | 6.46% | 0.35% |
| Total Shareholder Return | 6.25% | 6.20% | 7.32% | 4.01% | 8.77% | 2.67% |