Arrow Electronics vs Avnet
Add, change or remove companies; up to four.
The short version
- Arrow Electronics is the larger business, with $30.9B of revenue in fiscal 2025 against $27.6B for Avnet.
- Avnet grew revenue faster (24.5%, against 10.5%).
- Arrow Electronics turned more of its sales into free cash flow (−0.1% FCF margin, against −1.3%).
| Latest fiscal year | ARW · FY25 | AVT · FY26 |
|---|---|---|
| Size | ||
| Market cap | $10.9B | $7.3B |
| Revenue | $30.9B | $27.6B |
| Free cash flow | −$37.2M | −$355M |
| Net income | $571M | $334M |
| Growth | ||
| Revenue growth | 10.5% | 24.5% |
| 5-year growth | 1.5% | 7.2% |
| Share count change | −2.9% | −4.6% |
| Profitability | ||
| Gross margin | 11.2% | 10.4% |
| Operating margin | 2.7% | 2.6% |
| Net margin | 1.9% | 1.2% |
| FCF margin | −0.1% | −1.3% |
| Return on capital | 7.3% | 7.0% |
| Return on equity | 9.3% | 6.7% |
| Balance sheet | ||
| Net debt | $2.8B | $2.3B |
| Net debt / EBITDA | 2.9x | 2.9x |
| Dividends and buybacks | $162M | $253M |
| Valuation & quality | ||
| P/E | 13.4x | — |
| Piotroski F-score | 6 | 5 |
Revenue
FY17
ARW $26.6B
AVT $17.4B
FY18
ARW $29.7B
AVT $19.0B
FY19
ARW $28.9B
AVT $19.5B
FY20
ARW $28.7B
AVT $17.6B
FY21
ARW $34.5B
AVT $19.5B
FY22
ARW $37.1B
AVT $24.3B
FY23
ARW $33.1B
AVT $26.5B
FY24
ARW $27.9B
AVT $23.8B
FY25
ARW $30.9B
AVT $22.2B
FY26
ARW —
AVT $27.6B
ARW
AVT
Operating margin
FY17
ARW 3.6%
AVT 2.5%
FY18
ARW 3.9%
AVT 1.1%
FY19
ARW 0.4%
AVT 1.9%
FY20
ARW 3.1%
AVT −0.0%
FY21
ARW 4.5%
AVT 1.4%
FY22
ARW 5.6%
AVT 3.9%
FY23
ARW 4.4%
AVT 4.5%
FY24
ARW 2.8%
AVT 3.6%
FY25
ARW 2.7%
AVT 2.3%
FY26
ARW —
AVT 2.6%
ARW
AVT
Free cash flow
FY17
ARW −$79.4M
AVT −$489M
FY18
ARW $137M
AVT $97.6M
FY19
ARW $715M
AVT $412M
FY20
ARW $1.2B
AVT $657M
FY21
ARW $336M
AVT $40.6M
FY22
ARW −$112M
AVT −$268M
FY23
ARW $622M
AVT −$908M
FY24
ARW $1.0B
AVT $464M
FY25
ARW −$37.2M
AVT $577M
FY26
ARW —
AVT −$355M
ARW
AVT
Return on capital
FY17
ARW 8.0%
AVT 6.8%
FY18
ARW 11.9%
AVT 1.8%
FY19
ARW 1.1%
AVT 5.2%
FY20
ARW 9.8%
AVT −0.1%
FY21
ARW 16.9%
AVT 5.8%
FY22
ARW 19.7%
AVT 14.8%
FY23
ARW 13.9%
AVT 14.4%
FY24
ARW 7.6%
AVT 9.2%
FY25
ARW 7.3%
AVT 6.8%
FY26
ARW —
AVT 7.0%
ARW
AVT
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.