Avnet vs TD Synnex
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put Avnet and TD Synnex side by side, using each one’s latest annual report. Here is what stands out:
- TD Synnex is the larger business, with $62.5B of revenue in fiscal 2025 against $27.6B for Avnet, about 2.3 times as much.
- Avnet grew revenue faster (24.5%, against 6.9%).
- TD Synnex turned more of its sales into free cash flow (2.2% FCF margin, against −1.3%).
- TD Synnex earned a higher return on the capital invested in it (10.3%, against 7.0%).
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Avnet
AVT
4/11
Revenue growthGross marginOperating marginShare count change
TD Synnex
SNX
7/11
5-year growthNet marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | AVT FY26 | SNX FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.3B | $19.6B |
| Revenue | $27.6B | $62.5B |
| Free cash flow | −$355M | $1.4B |
| Net income | $334M | $828M |
| Growth | ||
| Revenue growth | 24.5% | 6.9% |
| 5-year growth | 7.2% | 25.6% |
| Share count change | −4.6% | −4.0% |
| Profitability | ||
| Gross margin | 10.4% | 7.0% |
| Operating margin | 2.6% | 2.3% |
| Net margin | 1.2% | 1.3% |
| FCF margin | −1.3% | 2.2% |
| Return on capital | 7.0% | 10.3% |
| Return on equity | 6.7% | 10.0% |
| Balance sheet | ||
| Net debt | $2.3B | $2.2B |
| Net debt / EBITDA | 2.9x | 1.2x |
| Dividends and buybacks | $253M | $743M |
| Valuation & quality | ||
| P/E | — | 15.1x |
| Piotroski F-score | 5 | 7 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.