Arrow Electronics vs TD Synnex
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The short version
- TD Synnex is the larger business, with $62.5B of revenue in fiscal 2025 against $30.9B for Arrow Electronics, about 2.0 times as much.
- Arrow Electronics grew revenue faster (10.5%, against 6.9%).
- TD Synnex turned more of its sales into free cash flow (2.2% FCF margin, against −0.1%).
- TD Synnex earned a higher return on the capital invested in it (10.3%, against 7.3%).
- Investors pay more for each dollar of TD Synnex’s earnings: a P/E of 15.1x against 13.4x for Arrow Electronics.
| Latest fiscal year | ARW · FY25 | SNX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.9B | $19.6B |
| Revenue | $30.9B | $62.5B |
| Free cash flow | −$37.2M | $1.4B |
| Net income | $571M | $828M |
| Growth | ||
| Revenue growth | 10.5% | 6.9% |
| 5-year growth | 1.5% | 25.6% |
| Share count change | −2.9% | −4.0% |
| Profitability | ||
| Gross margin | 11.2% | 7.0% |
| Operating margin | 2.7% | 2.3% |
| Net margin | 1.9% | 1.3% |
| FCF margin | −0.1% | 2.2% |
| Return on capital | 7.3% | 10.3% |
| Return on equity | 9.3% | 10.0% |
| Balance sheet | ||
| Net debt | $2.8B | $2.2B |
| Net debt / EBITDA | 2.9x | 1.2x |
| Dividends and buybacks | $162M | $743M |
| Valuation & quality | ||
| P/E | 13.4x | 15.1x |
| Piotroski F-score | 6 | 7 |
FY16
ARW $23.5B
SNX $14.1B
FY17
ARW $26.6B
SNX $17.0B
FY18
ARW $29.7B
SNX $20.1B
FY19
ARW $28.9B
SNX $19.1B
FY20
ARW $28.7B
SNX $20.0B
FY21
ARW $34.5B
SNX $31.6B
FY22
ARW $37.1B
SNX $62.3B
FY23
ARW $33.1B
SNX $57.6B
FY24
ARW $27.9B
SNX $58.5B
FY25
ARW $30.9B
SNX $62.5B
ARW
SNX
FY16
ARW 3.7%
SNX 2.7%
FY17
ARW 3.6%
SNX 3.0%
FY18
ARW 3.9%
SNX 2.7%
FY19
ARW 0.4%
SNX 2.7%
FY20
ARW 3.1%
SNX 2.6%
FY21
ARW 4.5%
SNX 2.0%
FY22
ARW 5.6%
SNX 1.7%
FY23
ARW 4.4%
SNX 1.9%
FY24
ARW 2.8%
SNX 2.0%
FY25
ARW 2.7%
SNX 2.3%
ARW
SNX
FY16
ARW $195M
SNX $201M
FY17
ARW −$79.4M
SNX $79.2M
FY18
ARW $137M
SNX −$24.6M
FY19
ARW $715M
SNX $413M
FY20
ARW $1.2B
SNX $1.8B
FY21
ARW $336M
SNX $770M
FY22
ARW −$112M
SNX −$115M
FY23
ARW $622M
SNX $1.3B
FY24
ARW $1.0B
SNX $1.0B
FY25
ARW −$37.2M
SNX $1.4B
ARW
SNX
FY16
ARW 10.0%
SNX 10.6%
FY17
ARW 8.0%
SNX 12.1%
FY18
ARW 11.9%
SNX 8.5%
FY19
ARW 1.1%
SNX 6.7%
FY20
ARW 9.8%
SNX 7.5%
FY21
ARW 16.9%
SNX 6.9%
FY22
ARW 19.7%
SNX 7.4%
FY23
ARW 13.9%
SNX 7.5%
FY24
ARW 7.6%
SNX 8.6%
FY25
ARW 7.3%
SNX 10.3%
ARW
SNX
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.