Cisco vs TD Synnex
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The short version
- Cisco is the larger business, with $63.3B of revenue in fiscal 2026 against $62.5B for TD Synnex.
- Cisco grew revenue faster (11.8%, against 6.9%).
- Cisco kept more of each dollar of sales as operating profit (24.3% operating margin, against 2.3%).
- Cisco turned more of its sales into free cash flow (20.2% FCF margin, against 2.2%).
- Cisco earned a higher return on the capital invested in it (20.2%, against 10.3%).
| Latest fiscal year | CSCO · FY26 | SNX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $424.6B | $19.6B |
| Revenue | $63.3B | $62.5B |
| Free cash flow | $12.8B | $1.4B |
| Net income | $13.3B | $828M |
| Growth | ||
| Revenue growth | 11.8% | 6.9% |
| 5-year growth | 4.9% | 25.6% |
| Share count change | −0.3% | −4.0% |
| Profitability | ||
| Gross margin | 64.5% | 7.0% |
| Operating margin | 24.3% | 2.3% |
| Net margin | 21.0% | 1.3% |
| FCF margin | 20.2% | 2.2% |
| Return on capital | 20.2% | 10.3% |
| Return on equity | 27.3% | 10.0% |
| Balance sheet | ||
| Net debt | $15.2B | $2.2B |
| Net debt / EBITDA | 1.0x | 1.2x |
| Dividends and buybacks | $12.7B | $743M |
| Valuation & quality | ||
| P/E | — | 15.1x |
| Piotroski F-score | 6 | 7 |
FY17
CSCO $48.0B
SNX $17.0B
FY18
CSCO $49.3B
SNX $20.1B
FY19
CSCO $51.9B
SNX $19.1B
FY20
CSCO $49.3B
SNX $20.0B
FY21
CSCO $49.8B
SNX $31.6B
FY22
CSCO $51.6B
SNX $62.3B
FY23
CSCO $57.0B
SNX $57.6B
FY24
CSCO $53.8B
SNX $58.5B
FY25
CSCO $56.7B
SNX $62.5B
FY26
CSCO $63.3B
SNX —
CSCO
SNX
FY17
CSCO 24.9%
SNX 3.0%
FY18
CSCO 25.0%
SNX 2.7%
FY19
CSCO 27.4%
SNX 2.7%
FY20
CSCO 27.6%
SNX 2.6%
FY21
CSCO 25.8%
SNX 2.0%
FY22
CSCO 27.1%
SNX 1.7%
FY23
CSCO 26.4%
SNX 1.9%
FY24
CSCO 22.6%
SNX 2.0%
FY25
CSCO 20.8%
SNX 2.3%
FY26
CSCO 24.3%
SNX —
CSCO
SNX
FY17
CSCO $12.9B
SNX $79.2M
FY18
CSCO $12.8B
SNX −$24.6M
FY19
CSCO $14.9B
SNX $413M
FY20
CSCO $14.7B
SNX $1.8B
FY21
CSCO $14.8B
SNX $770M
FY22
CSCO $12.7B
SNX −$115M
FY23
CSCO $19.0B
SNX $1.3B
FY24
CSCO $10.2B
SNX $1.0B
FY25
CSCO $13.3B
SNX $1.4B
FY26
CSCO $12.8B
SNX —
CSCO
SNX
FY17
CSCO 33.5%
SNX 12.1%
FY18
CSCO 23.9%
SNX 8.5%
FY19
CSCO 48.2%
SNX 6.7%
FY20
CSCO 45.6%
SNX 7.5%
FY21
CSCO 39.9%
SNX 6.9%
FY22
CSCO 39.1%
SNX 7.4%
FY23
CSCO 43.7%
SNX 7.5%
FY24
CSCO 24.1%
SNX 8.6%
FY25
CSCO 18.1%
SNX 10.3%
FY26
CSCO 20.2%
SNX —
CSCO
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.