A

AVNET, INC.

AVT · CIK 0000008858

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$22.20B6.6%
FY2025
Net income (FY)
$240.2M51.8%
FY2025
Free cash flow (FY)
$577.0M24.5%
FY2025
Diluted EPS (FY)
$2.7549.4%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2008 · Revenue $17.95B · Net income $489.6M · 0000950123-10-077359 · filed 2010-08-13FY08Revenue $17.95BNet income $489.6M0000950123-10-077359 · filed 2010-08-13FY2009 · Revenue $16.23B · Net income −$1.13B · 0000950123-10-077359 · filed 2010-08-13FY09Revenue $16.23BNet income −$1.13B0000950123-10-077359 · filed 2010-08-13FY2010 · Revenue $19.16B · Net income $410.4M · 0000008858-12-000011 · filed 2012-08-10FY10Revenue $19.16BNet income $410.4M0000008858-12-000011 · filed 2012-08-10FY2011 · Revenue $26.53B · Net income $669.1M · 0000008858-13-000011 · filed 2013-08-09FY11Revenue $26.53BNet income $669.1M0000008858-13-000011 · filed 2013-08-09FY2012 · Revenue $25.71B · Net income $567.0M · 0000008858-14-000012 · filed 2014-08-08FY12Revenue $25.71BNet income $567.0M0000008858-14-000012 · filed 2014-08-08FY2013 · Revenue $25.46B · Net income $450.1M · 0001558370-15-001540 · filed 2015-08-07 · 0000008858-14-000012 · filed 2014-08-08FY13Revenue $25.46BNet income $450.1M0001558370-15-001540 · filed 2015-08-07 · 0000008858-14-000012 · filed 2014-08-08FY2014 · Revenue $27.50B · Net income $545.6M · 0000008858-16-000038 · filed 2016-08-12 · 0000008858-14-000012 · filed 2014-08-08FY14Revenue $27.50BNet income $545.6M0000008858-16-000038 · filed 2016-08-12 · 0000008858-14-000012 · filed 2014-08-08FY2015 · Revenue $17.66B · 0000008858-17-000057 · filed 2017-08-17FY15Revenue $17.66B0000008858-17-000057 · filed 2017-08-17FY2016 · Revenue $16.74B · Net income $506.5M · 0000008858-18-000047 · filed 2018-08-17FY16Revenue $16.74BNet income $506.5M0000008858-18-000047 · filed 2018-08-17FY2017 · Revenue $17.44B · Net income $525.3M · 0000008858-19-000035 · filed 2019-08-15FY17Revenue $17.44BNet income $525.3M0000008858-19-000035 · filed 2019-08-15FY2018 · Revenue $19.04B · Net income −$156.4M · 0000008858-20-000025 · filed 2020-08-14FY18Revenue $19.04BNet income −$156.4M0000008858-20-000025 · filed 2020-08-14FY2019 · Revenue $19.52B · Net income $176.3M · 0000008858-21-000036 · filed 2021-08-13FY19Revenue $19.52BNet income $176.3M0000008858-21-000036 · filed 2021-08-13FY2020 · Revenue $17.63B · Net income −$31.1M · 0000008858-22-000031 · filed 2022-08-12FY20Revenue $17.63BNet income −$31.1M0000008858-22-000031 · filed 2022-08-12FY2021 · Revenue $19.53B · Net income $193.1M · 0000008858-23-000029 · filed 2023-08-18FY21Revenue $19.53BNet income $193.1M0000008858-23-000029 · filed 2023-08-18FY2022 · Revenue $24.31B · Net income $692.4M · 0000008858-24-000030 · filed 2024-08-14FY22Revenue $24.31BNet income $692.4M0000008858-24-000030 · filed 2024-08-14FY2023 · Revenue $26.54B · Net income $770.8M · 0000008858-25-000028 · filed 2025-08-15FY23Revenue $26.54BNet income $770.8M0000008858-25-000028 · filed 2025-08-15FY2024 · Revenue $23.76B · Net income $498.7M · 0000008858-25-000028 · filed 2025-08-15FY24Revenue $23.76BNet income $498.7M0000008858-25-000028 · filed 2025-08-15FY2025 · Revenue $22.20B · Net income $240.2M · 0000008858-25-000028 · filed 2025-08-15FY25Revenue $22.20BNet income $240.2M0000008858-25-000028 · filed 2025-08-15FY25Revenue $22.20BNet income $240.2M0000008858-25-000028 · filed 2025-08-15FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 1.2× since FY2008 · net margin 2.7% → 1.1%

MarginsNet marginFCF margin
-5%0%5%FY2008 · Net margin 2.7% · FCF margin 2.0%FY08Net margin 2.7%FCF margin 2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin -7.0% · FCF margin 6.2%FY09Net margin -7.0%FCF margin 6.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 2.1% · FCF margin -0.5%FY10Net margin 2.1%FCF margin -0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 2.5% · FCF margin 0.5%FY11Net margin 2.5%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 2.2% · FCF margin 1.6%FY12Net margin 2.2%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 1.8% · FCF margin 2.4%FY13Net margin 1.8%FCF margin 2.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 2.0% · FCF margin 0.4%FY14Net margin 2.0%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · FCF margin 2.6%FY15FCF margin 2.6%derived: (ocf − capex) ÷ revenueFY2016 · Net margin 3.0% · FCF margin 0.5%FY16Net margin 3.0%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 3.0% · FCF margin -2.8%FY17Net margin 3.0%FCF margin -2.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -0.8% · FCF margin 0.5%FY18Net margin -0.8%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 0.9% · FCF margin 2.1%FY19Net margin 0.9%FCF margin 2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -0.2% · FCF margin 3.7%FY20Net margin -0.2%FCF margin 3.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 1.0% · FCF margin 0.2%FY21Net margin 1.0%FCF margin 0.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 2.8% · FCF margin -1.1%FY22Net margin 2.8%FCF margin -1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 2.9% · FCF margin -3.4%FY23Net margin 2.9%FCF margin -3.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 2.1% · FCF margin 2.0%FY24Net margin 2.1%FCF margin 2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 1.1% · FCF margin 2.6%FY25Net margin 1.1%FCF margin 2.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 1.1%FCF margin 2.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 1.1% · free cash flow 2.6% of revenue

Cash engineOperating cash flowFree cash flow
−$1B$0$1BFY2008 · OCF $453.6M · FCF $364.0M · 0000950123-10-077359 · filed 2010-08-13FY08OCF $453.6MFCF $364.0M0000950123-10-077359 · filed 2010-08-13FY2009 · OCF $1.12B · FCF $1.01B · 0000950123-10-077359 · filed 2010-08-13FY09OCF $1.12BFCF $1.01B0000950123-10-077359 · filed 2010-08-13FY2010 · OCF −$30.4M · FCF −$97.3M · 0000008858-12-000011 · filed 2012-08-10FY10OCF −$30.4MFCF −$97.3M0000008858-12-000011 · filed 2012-08-10FY2011 · OCF $278.1M · FCF $129.4M · 0000008858-13-000011 · filed 2013-08-09FY11OCF $278.1MFCF $129.4M0000008858-13-000011 · filed 2013-08-09FY2012 · OCF $528.7M · FCF $400.1M · 0000008858-14-000012 · filed 2014-08-08FY12OCF $528.7MFCF $400.1M0000008858-14-000012 · filed 2014-08-08FY2013 · OCF $696.2M · FCF $598.8M · 0000008858-14-000012 · filed 2014-08-08FY13OCF $696.2MFCF $598.8M0000008858-14-000012 · filed 2014-08-08FY2014 · OCF $237.4M · FCF $114.2M · 0000008858-14-000012 · filed 2014-08-08FY14OCF $237.4MFCF $114.2M0000008858-14-000012 · filed 2014-08-08FY2015 · OCF $583.9M · FCF $450.5M · 0000008858-17-000057 · filed 2017-08-17FY15OCF $583.9MFCF $450.5M0000008858-17-000057 · filed 2017-08-17FY2016 · OCF $224.3M · FCF $86.9M · 0000008858-18-000047 · filed 2018-08-17FY16OCF $224.3MFCF $86.9M0000008858-18-000047 · filed 2018-08-17FY2017 · OCF −$368.7M · FCF −$489.1M · 0000008858-19-000035 · filed 2019-08-15FY17OCF −$368.7MFCF −$489.1M0000008858-19-000035 · filed 2019-08-15FY2018 · OCF $253.5M · FCF $97.6M · 0000008858-20-000025 · filed 2020-08-14FY18OCF $253.5MFCF $97.6M0000008858-20-000025 · filed 2020-08-14FY2019 · OCF $534.8M · FCF $412.1M · 0000008858-21-000036 · filed 2021-08-13FY19OCF $534.8MFCF $412.1M0000008858-21-000036 · filed 2021-08-13FY2020 · OCF $730.2M · FCF $656.7M · 0000008858-22-000031 · filed 2022-08-12FY20OCF $730.2MFCF $656.7M0000008858-22-000031 · filed 2022-08-12FY2021 · OCF $90.9M · FCF $40.6M · 0000008858-23-000029 · filed 2023-08-18FY21OCF $90.9MFCF $40.6M0000008858-23-000029 · filed 2023-08-18FY2022 · OCF −$219.3M · FCF −$268.2M · 0000008858-24-000030 · filed 2024-08-14FY22OCF −$219.3MFCF −$268.2M0000008858-24-000030 · filed 2024-08-14FY2023 · OCF −$713.7M · FCF −$908.4M · 0000008858-25-000028 · filed 2025-08-15FY23OCF −$713.7MFCF −$908.4M0000008858-25-000028 · filed 2025-08-15FY2024 · OCF $690.0M · FCF $463.5M · 0000008858-25-000028 · filed 2025-08-15FY24OCF $690.0MFCF $463.5M0000008858-25-000028 · filed 2025-08-15FY2025 · OCF $724.5M · FCF $577.0M · 0000008858-25-000028 · filed 2025-08-15FY25OCF $724.5MFCF $577.0M0000008858-25-000028 · filed 2025-08-15FY25OCF $724.5MFCF $577.0M0000008858-25-000028 · filed 2025-08-15’09’13’17’21’25

FY2025: $724.5M operating cash − $147.5M capex = $577.0M free cash flow

Returns on capitalReturn on equityReturn on assets
-40%-20%0%20%FY2009 · ROE -40.9% · ROA -18.0%FY09ROE -40.9%ROA -18.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 13.6% · ROA 5.3%FY10ROE 13.6%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 16.5% · ROA 6.8%FY11ROE 16.5%ROA 6.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 14.5% · ROA 5.6%FY12ROE 14.5%ROA 5.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 10.5% · ROA 4.3%FY13ROE 10.5%ROA 4.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 11.2% · ROA 4.8%FY14ROE 11.2%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 10.8% · ROA 4.5%FY16ROE 10.8%ROA 4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 10.1% · ROA 5.4%FY17ROE 10.1%ROA 5.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -3.3% · ROA -1.6%FY18ROE -3.3%ROA -1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 4.3% · ROA 2.1%FY19ROE 4.3%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -0.8% · ROA -0.4%FY20ROE -0.8%ROA -0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 4.7% · ROA 2.2%FY21ROE 4.7%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 16.5% · ROA 6.7%FY22ROE 16.5%ROA 6.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 16.2% · ROA 6.2%FY23ROE 16.2%ROA 6.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 10.1% · ROA 4.1%FY24ROE 10.1%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 4.8% · ROA 2.0%FY25ROE 4.8%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 4.8%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assets’12’17’21’25

return on equity -41% (FY2009) → 5% (FY2025) · on assets 2.0%

Balance sheetLiabilitiesEquity
$0$5B$10BFY2009 · Liabilities $3.51B · Equity $2.76BFY09Liabilities $3.51BEquity $2.76B0000950123-10-077359 · filed 2010-08-13FY2010 · Liabilities $4.77B · Equity $3.01BFY10Liabilities $4.77BEquity $3.01B0000950123-10-077359 · filed 2010-08-13FY2011 · Liabilities $5.85B · Equity $4.06BFY11Liabilities $5.85BEquity $4.06B0000008858-12-000011 · filed 2012-08-10FY2012 · Liabilities $6.26B · Equity $3.91BFY12Liabilities $6.26BEquity $3.91B0000008858-13-000011 · filed 2013-08-09FY2013 · Liabilities $6.19B · Equity $4.29BFY13Liabilities $6.19BEquity $4.29B0000008858-14-000012 · filed 2014-08-08FY2014 · Liabilities $6.36B · Equity $4.89BFY14Liabilities $6.36BEquity $4.89B0001558370-15-001540 · filed 2015-08-07FY2015 · Liabilities $6.11B · Equity $4.69BFY15Liabilities $6.11BEquity $4.69B0000008858-16-000038 · filed 2016-08-12FY2016 · Liabilities $6.55B · Equity $4.69BFY16Liabilities $6.55BEquity $4.69B0000008858-17-000057 · filed 2017-08-17FY2017 · Liabilities $4.52B · Equity $5.18BFY17Liabilities $4.52BEquity $5.18B0000008858-18-000047 · filed 2018-08-17FY2018 · Liabilities $4.91B · Equity $4.69BFY18Liabilities $4.91BEquity $4.69B0000008858-19-000035 · filed 2019-08-15FY2019 · Liabilities $4.42B · Equity $4.14BFY19Liabilities $4.42BEquity $4.14B0000008858-20-000025 · filed 2020-08-14FY2020 · Liabilities $4.38B · Equity $3.73BFY20Liabilities $4.38BEquity $3.73B0000008858-21-000036 · filed 2021-08-13FY2021 · Liabilities $4.84B · Equity $4.08BFY21Liabilities $4.84BEquity $4.08B0000008858-22-000031 · filed 2022-08-12FY2022 · Liabilities $6.20B · Equity $4.19BFY22Liabilities $6.20BEquity $4.19B0000008858-23-000029 · filed 2023-08-18FY2023 · Liabilities $7.73B · Equity $4.75BFY23Liabilities $7.73BEquity $4.75B0000008858-24-000030 · filed 2024-08-14FY2024 · Liabilities $7.28B · Equity $4.93BFY24Liabilities $7.28BEquity $4.93B0000008858-25-000028 · filed 2025-08-15FY2025 · Liabilities $7.11B · Equity $5.01BFY25Liabilities $7.11BEquity $5.01B0000008858-25-000028 · filed 2025-08-15FY25Liabilities $7.11BEquity $5.01B0000008858-25-000028 · filed 2025-08-15’09’13’17’21’25

FY2025: $12.12B assets · $7.11B liabilities · $5.01B equity

The receipts