NASDAQ · Financial Statements

Avnet, Inc. (AVT) Financial Statements

$88.08 NASDAQ: AVT Market Cap $7.24B

Avnet, Inc. most recently reported annual revenue of $27.6B, net profit of $334.0M. Revenue grew at an average annual rate of 7.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Avnet, Inc.: Revenue rose from $17.4B in 2017 to $27.6B in 2026, a change of +58.4% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 2.5% to 3.1%, a shift of +0.6 percentage points; the most recent year shows net profit of $334.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$17.4B$19.0B$19.5B$17.6B$19.5B$24.3B$26.5B$23.8B$22.2B$27.6B
Operating Expenses$17.0B$18.8B$19.2B$17.6B$19.3B$23.4B$25.4B$22.9B$21.6B$26.8B
Operating Profit$444.0M$209.0M$366.0M$-5.0M$281.0M$939.0M$1.2B$844.0M$623.0M$859.0M
Operating Margin2.5%1.1%1.9%-0.0%1.4%3.9%4.5%3.5%2.8%3.1%
Other Income$-133.0M$-64.0M$-129.0M$-125.0M$-108.0M$-106.0M$-204.0M$-212.0M$-372.0M$-392.0M
Interest$100.0M$93.0M$135.0M$123.0M$89.0M$100.0M$251.0M$283.0M$250.0M$253.0M
Depreciation$155.0M$235.0M$181.0M$243.0M$189.0M$155.0M$143.0M$141.0M$125.0M$135.0M
Profit Before Tax$310.0M$145.0M$237.0M$-130.0M$173.0M$833.0M$983.0M$632.0M$251.0M$467.0M
Tax$15.2M$198.5M$25.5M$76.0M$-11.7M$16.9M$21.6M$21.1M$4.1M$28.5M
Net Profit$525.0M$-156.0M$176.0M$-31.0M$193.0M$692.0M$771.0M$499.0M$240.0M$334.0M
EPS$4.08$-1.30$1.59$-0.29$1.93$6.94$8.26$5.43$2.75$4.01
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '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
Operating Expenses$6.1B$6.0B$5.5B$5.4B$5.4B$5.5B$5.2B$5.5B$5.7B$6.1B$6.9B$8.0B
Operating Profit$254.0M$236.0M$190.0M$164.0M$169.0M$159.0M$152.0M$143.0M$150.0M$171.0M$220.0M$318.0M
Operating Margin4.0%3.8%3.4%3.0%3.0%2.8%2.9%2.5%2.5%2.7%3.1%3.8%
Interest$71.0M$74.0M$73.0M$64.0M$64.0M$64.0M$62.0M$59.0M$60.0M$62.0M$64.0M$67.0M
Profit Before Tax$275.0M$154.0M$102.0M$101.0M$75.0M$90.0M$78.0M$7.0M$77.0M$90.0M$141.0M$160.0M
Tax$24.0M$23.2M$12.9M$18.4M$21.1M$3.4M$-12.5M$17.8M$32.6M$31.3M$32.9M$21.0M
Net Profit$209.0M$118.0M$89.0M$83.0M$59.0M$87.0M$88.0M$6.0M$52.0M$62.0M$94.0M$127.0M
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

Over the 10 years reported for Avnet, Inc., borrowings increased from $1.8B in 2017 to $3.5B in 2026, cash stood at $155.0M in the latest year, shareholders' equity was $82.0M, current assets covered current liabilities 1.78 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$9.7B$9.6B$8.6B$8.2B$8.9B$10.4B$12.5B$12.2B$12.1B$15.4B
Current Assets$7.5B$7.6B$6.9B$6.3B$7.2B$8.9B$10.8B$10.4B$10.0B$13.3B
Cash$836.0M$621.0M$546.0M$477.0M$200.0M$154.0M$288.0M$311.0M$192.0M$155.0M
Inventory$2.8B$3.1B$3.0B$2.7B$3.2B$4.2B$5.5B$5.5B$5.2B$6.1B
Receivables$3.3B$3.6B$3.2B$2.9B$3.6B$4.3B$4.8B$4.4B$4.3B$6.9B
Fixed Assets$520.0M$523.0M$452.0M$681.0M$634.0M$542.0M$663.0M$777.0M$869.0M$894.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$281.0M$0$0$0$0$-211.0M$-242.0M$24.0M$24.0M$26.0M
Other Assets$1.1B$981.0M$877.0M$774.0M$838.0M$759.0M$781.0M$781.0M$837.0M$810.0M
Total Liabilities$4.5B$4.9B$4.4B$4.4B$4.8B$6.2B$7.7B$7.3B$7.1B$10.4B
Current Liabilities$2.5B$3.0B$2.6B$2.3B$3.1B$4.3B$4.2B$4.5B$4.1B$7.5B
Borrowings$1.8B$1.7B$1.7B$1.7B$1.5B$1.9B$3.3B$3.2B$2.9B$3.5B
Other Liabilities$2.7B$3.3B$2.7B$2.7B$3.3B$4.3B$4.4B$4.1B$4.2B$6.9B
Equity$123.0M$116.0M$104.0M$99.0M$100.0M$96.0M$92.0M$89.0M$84.0M$82.0M
Reserves$5.2B$4.7B$4.1B$3.7B$4.1B$4.2B$4.8B$4.9B$5.0B$5.0B

For Avnet, Inc., operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was negative at $354.0M; free cash flow was positive in 6 of 10 years; financing activities used $28.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$-369.0M$253.0M$535.0M$730.0M$91.0M$-219.0M$-714.0M$690.0M$725.0M$-281.0M
Investing Cash Flow$1.2B$-84.0M$-148.0M$-209.0M$-112.0M$2.0M$-406.0M$-452.0M$-285.0M$-145.0M
Financing Cash Flow$-274.0M$-328.0M$-557.0M$-252.0M$-11.0M$-201.0M$-228.0M$-165.0M$-305.0M$-28.0M
Net Cash Flow$-195.0M$-215.0M$-75.0M$-69.0M$-277.0M$-46.0M$135.0M$23.0M$-119.0M$-37.0M
Free Cash Flow$-489.0M$98.0M$412.0M$657.0M$41.0M$-268.0M$-908.0M$464.0M$577.0M$-354.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.55
EV / EBITDA14.07
FCF Yield-4.07%
Quick Ratio0.97
Interest Coverage3.40
Return 1Y109.02%
Return 3Y135.81%
Return 5Y213.48%

Avnet, Inc. (AVT) financials — frequently asked questions

What is Avnet, Inc.'s annual revenue?

Avnet, Inc. (AVT) reported annual revenue of $27.6B in its most recent fiscal year.

What is Avnet, Inc.'s net profit?

Avnet, Inc. (AVT) reported net profit of $334.0M in its most recent fiscal year.

What is AVT EV/EBITDA?

Avnet, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 14.07.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Technology StocksLow P/E Technology StocksHigh Net Margin Technology StocksDividend Technology StocksLow Debt Technology StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
AVT Overview AVT Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.