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Avnet, Inc. (AVT) Financials

AVT
FY2026 annual
Revenue $27.6B +24.5% YoY
Net Income $334.4M +39.2% YoY
EPS (Diluted) $4.01 +45.8% YoY
Free Cash Flow -$354.5M -161.4% YoY
Market Cap $8.7B as of Oct 6, 2026
Price / Sales 0.3x on $27.6B revenue, FY2026
Price / Earnings 26.1x on $334.4M net income, FY2026
Price / Book 1.7x on $5.0B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 27, 2026 Reported Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AVT SEC filings page.

Avnet, Inc. (AVT) reported $27.6B in revenue for fiscal year 2026, up 24.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AVT FY2026

Avnet’s rebound is working-capital intensive: higher sales and profits in FY2026 came with cash tied up in inventory and receivables.

FY2026 revenue rebounded to $27.6B, yet operating cash flow was -$281M after being $724M positive in FY2025. Inventory and receivables expanded while the current ratio fell from 2.4x to 1.8x, indicating that growth absorbed liquidity rather than converting cleanly into cash.

Revenue recovered to $27.6B in FY2026, while operating margin improved to 2.6%. Gross margin slipped from 10.7% to 10.4%, so the operating improvement is more consistent with better cost absorption than with richer gross economics.

The balance sheet is carrying more short-term operating pressure: current liabilities rose to $7.5B while equity remained near $5.0B. Debt-to-equity stayed around 0.5x, but the reported liquidity measure equaled 6.6 months of the latest annual operating outflow, making working-capital discipline central to cash generation.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 42 / 100
Financial Health Score 42/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Avnet, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
51

Avnet, Inc. has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from 2.3% the prior year.

Growth
38

Avnet, Inc.'s revenue surged 24.5% year-over-year to $27.6B, reflecting rapid business expansion. This strong growth earns a score of 38/100.

Leverage
22

Avnet, Inc. has elevated debt relative to equity (D/E of 0.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 22/100, reflecting increased financial risk.

Liquidity
52

Avnet, Inc.'s current ratio of 1.78 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
24

Avnet, Inc.'s operations used $280.9M of cash, and capex of $73.6M added to the outflow, for a free cash flow shortfall of $354.5M. This results in a cash flow score of 24/100.

Returns
65

Avnet, Inc. earns a strong 6.7% return on equity (ROE), meaning it generates $7 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is up from 4.8% the prior year.

Altman Z-Score Safe
3.22

Avnet, Inc. scores 3.22, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
4/9

Avnet, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

For every $1 of reported earnings, Avnet, Inc. used $0.84 of operating cash (-$280.9M OCF vs $334.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage Adequate
2.89x

Avnet, Inc. earns $2.89 in operating income for every $1 of interest expense ($724.8M vs $250.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$8.3B
YoY+47.7%
QoQ+16.5%

Avnet, Inc. generated $8.3B in revenue in Q4 2026. This represents an increase of 47.7% from the same quarter a year earlier. Against the prior quarter it is up 16.5%.

EBITDA
$253.6M
YoY+176.3%
QoQ+13.1%

Avnet, Inc.'s EBITDA was $253.6M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 176.3% from the same quarter a year earlier. Against the prior quarter it is up 13.1%.

Net Income
$126.6M
YoY+1978.8%
QoQ+34.2%

Avnet, Inc. reported $126.6M in net income in Q4 2026. This represents an increase of 1978.8% from the same quarter a year earlier. Against the prior quarter it is up 34.2%.

EPS (Diluted)
$1.52
YoY+1420.0%
QoQ+33.3%
5Y CAGR+51.6%
10Y CAGR+2.8%

Avnet, Inc. earned $1.52 per diluted share (EPS) in Q4 2026. This represents an increase of 1420.0% from the same quarter a year earlier. Against the prior quarter it is up 33.3%.

Cash & Balance Sheet

Free Cash Flow
-$307.5M
YoY-485.0%
QoQ-334.9%

Avnet, Inc. recorded an outflow of $307.5M in free cash flow in Q4 2026, representing a cash shortfall after capex. This represents a decrease of 485.0% from the same quarter a year earlier. Against the prior quarter it is down 334.9%.

Cash & Debt
$155.4M
YoY-19.2%
QoQ-23.2%
5Y CAGR-16.2%
10Y CAGR-16.4%

Avnet, Inc. held $155.4M in cash against $2.5B in long-term debt as of Q4 2026.

Dividends Per Share
$0.35
YoY+6.1%
QoQ0.0%
5Y CAGR+10.8%
10Y CAGR+8.1%

Avnet, Inc. paid $0.35 per share in dividends in Q4 2026. This represents an increase of 6.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
82M
YoY-1.7%
QoQ+0.1%
5Y CAGR-3.8%
10Y CAGR-4.8%

Avnet, Inc. had 82M shares outstanding in Q4 2026. This represents a decrease of 1.7% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin
10.4%
YoY-0.1pp
QoQ+0.1pp

Avnet, Inc.'s gross margin was 10.4% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Operating Margin
2.8%
YoY+1.5pp
QoQ-0.1pp

Avnet, Inc.'s operating margin was 2.8% in Q4 2026, reflecting core business profitability. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Net Margin
1.5%
YoY+1.4pp
QoQ+0.2pp

Avnet, Inc.'s net profit margin was 1.5% in Q4 2026, showing the share of revenue converted to profit. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Return on Equity
2.5%
YoY+2.4pp
QoQ+0.6pp

Avnet, Inc.'s ROE was 2.5% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Capital Allocation

Share Buybacks
$0
YoY-100.0%

Avnet, Inc. repurchased no shares in Q4 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures
$16.8M
YoY-71.9%
QoQ-0.7%

Avnet, Inc. invested $16.8M in capex in Q4 2026, funding long-term assets and infrastructure. This represents a decrease of 71.9% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

R&D Spending

Not reported for Q4 2026.

AVT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVT quarterly income statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Revenue$8.3B+47.7%$7.1B+33.9%$6.3B+11.6%$5.9B+5.3%$5.6B$5.3B-6.0%$5.7B-8.7%$5.6B-11.5%
Cost of Revenue$7.4B+47.9%$6.4B+35.0%$5.7B+11.6%$5.3B+5.7%$5.0B$4.7B-5.2%$5.1B-7.8%$5.0B-10.6%
Gross Profit$865.0M+45.7%$739.1M+25.7%$663.0M+11.2%$614.8M+1.2%$593.7M$587.9M-12.2%$596.1M-15.6%$607.4M-18.8%
SG&A Expenses$547.5M+21.4%$518.8M+19.1%$491.7M+12.5%$464.4M+5.8%$451.2M$435.5M-6.8%$436.9M-6.0%$438.8M-10.0%
Operating Income$231.0M+214.5%$205.5M+43.5%$146.2M-5.9%$142.0M-0.1%$73.5M$143.3M-24.7%$155.3M-34.3%$142.2M-44.0%
EBITDA$253.6M+176.3%$224.3M+40.5%$164.8M-4.4%$158.9M-2.0%$91.8M$159.6M-24.5%$172.4M-33.1%$162.1M-41.1%
Interest Expense$66.5M-30.0%$63.1M+3.3%$61.4M-1.7%$59.8M-7.3%$94.9M$61.1M-16.8%$62.4M-16.0%$64.4M-9.0%
Income Tax$33.6M+2453.5%$46.2M+573.0%$28.2M+829.8%$25.1M+58.8%$1.3M-$9.8M-174.5%$3.0M-91.5%$15.8M-76.1%
Net Income$126.6M+1978.8%$94.3M+7.3%$61.7M-29.2%$51.7M-12.2%$6.1M$87.9M-1.0%$87.3M-26.0%$59.0M-71.8%
EPS (Basic)$1.54+1611.1%$1.15+12.7%$0.76-24.0%$0.62-7.5%$0.09-90.2%$1.02+4.1%$1.00-23.7%$0.67-70.7%
EPS (Diluted)$1.52+1420.0%$1.14+12.9%$0.75-24.2%$0.61-7.6%$0.10-89.0%$1.01+4.1%$0.99-22.7%$0.66-70.7%
Diluted Shares (Avg)N/A83M-4.5%83M-6.3%84M-5.5%N/A87M-4.8%88M-3.8%89M-4.1%

Not reported in any period shown, so not listed: R&D Expenses.

AVT Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVT quarterly balance sheet
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Total Assets$15.4B+27.3%$13.5B+15.2%$13.2B+10.1%$12.4B-1.5%$12.1B-0.7%$11.7B-5.0%$11.9B-8.1%$12.6B-0.4%
Current Assets$13.3B+33.1%$11.4B+16.2%$11.0B+9.5%$10.3B-3.3%$10.0B-3.4%$9.8B-6.6%$10.1B-9.6%$10.7B-2.1%
Cash & Equivalents$155.4M-19.2%$202.4M+7.2%$286.5M+66.5%$175.5M-34.4%$192.4M-38.1%$188.9M-13.5%$172.1M-36.9%$267.5M-4.0%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$6.1B+15.9%$5.5B+3.6%$5.3B+0.8%$5.4B-3.4%$5.2B-4.3%$5.3B-8.4%$5.3B-14.1%$5.6B-2.4%
Accounts Receivable$6.9B+59.1%$5.5B+34.3%$5.2B+18.6%$4.5B-1.6%$4.3B-1.5%$4.1B-5.1%$4.4B-1.9%$4.6B-2.2%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$810.2M-3.2%$817.0M+2.8%$826.5M+6.8%$818.1M-0.1%$837.0M+7.2%$795.1M+1.9%$773.7M-1.7%$818.9M+7.8%
Total Liabilities$10.4B+46.4%$8.5B+25.0%$8.2B+15.7%$7.6B+0.1%$7.1B-2.4%$6.8B-6.9%$7.1B-11.1%$7.6B-3.4%
Current Liabilities$7.5B+81.8%$5.7B+41.1%$5.3B+26.8%$4.4B-7.9%$4.1B-7.6%$4.0B-10.6%$4.2B-11.7%$4.7B+10.7%
Non-Current Liabilities$2.9B-2.7%$2.9B+2.1%$2.9B-0.4%$3.2B+13.5%$3.0B+5.7%$2.8B-1.1%$2.9B-10.2%$2.8B-20.4%
Long-Term Debt$2.5B-3.7%$2.5B-0.9%$2.5B-3.6%$2.8B+15.0%$2.6B+7.0%$2.5B+3.7%$2.6B-6.8%$2.4B-21.6%
Total Equity$5.0B+0.2%$5.0B+1.4%$4.9B+1.9%$4.8B-3.8%$5.0B+1.7%$4.9B-2.1%$4.8B-3.3%$5.0B+4.5%
Retained Earnings$3.5B+2.4%$3.4B-2.5%$3.3B-5.4%$3.3B-6.2%$3.4B-4.8%$3.5B-3.4%$3.5B-0.6%$3.5B0.0%

AVT Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVT quarterly cash flow statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Operating Cash Flow-$290.7M-308.5%-$53.8M-138.2%$208.2M-38.4%-$144.6M-236.0%$139.5M$140.9M-71.8%$337.8M+899.0%$106.3M+357.5%
Depreciation & Amortization$22.6M+23.2%$18.8M+14.4%$18.6M+9.4%$16.8M-15.3%$18.3M$16.4M-23.5%$17.0M-19.7%$19.9M-7.6%
Stock-Based CompensationN/AN/AN/A$9.7M-11.5%N/AN/AN/A$11.0M+17.4%
Capital Expenditures$16.8M-71.9%$16.9M-36.9%$15.4M-47.7%$24.6M-22.6%$59.6M$26.7M-36.5%$29.4M-64.2%$31.8M-58.2%
Free Cash Flow-$307.5M-485.0%-$70.7M-162.0%$192.9M-37.5%-$169.2M-326.9%$79.9M$114.1M-75.0%$308.5M+348.2%$74.5M+163.5%
Investing Cash Flow-$15.7M+73.7%-$16.3M+2.7%-$15.0M+48.8%-$24.5M+22.1%-$59.6M-$16.7M+60.0%-$29.3M+64.2%-$31.4M+58.5%
Financing Cash Flow$257.7M+422.7%-$12.9M+87.2%-$84.0M+79.2%$155.1M+241.9%-$79.8M-$100.9M+80.1%-$403.4M-429.4%-$109.4M-209.2%
Dividends Paid$28.7M+3.8%$28.7M+1.7%$28.5M-0.3%$28.5M-1.4%$27.7M$28.2M+0.8%$28.6M+2.7%$28.9M+1.9%
Share Buybacks$0-100.0%$0-100.0%$0-100.0%$138.3M+38.3%$50.0M$101.3M$52.2M-15.4%$100.0M+311.1%

AVT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AVT quarterly financial ratios
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Gross Margin10.4%-0.1pp10.4%-0.7pp10.5%0.0pp10.4%-0.4pp10.6%11.1%-0.8pp10.5%-0.9pp10.8%-1.0pp
Operating Margin2.8%+1.5pp2.9%+0.2pp2.3%-0.4pp2.4%-0.1pp1.3%2.7%-0.7pp2.7%-1.1pp2.5%-1.5pp
Net Margin1.5%+1.4pp1.3%-0.3pp1.0%-0.6pp0.9%-0.2pp0.1%1.7%+0.1pp1.5%-0.4pp1.1%-2.3pp
Return on Equity2.5%+2.4pp1.9%+0.1pp1.3%-0.5pp1.1%-0.1pp0.1%1.8%0.0pp1.8%-0.6pp1.2%-3.2pp
Return on Assets0.8%+0.8pp0.7%0.0pp0.5%-0.3pp0.4%-0.1pp0.1%0.8%0.0pp0.7%-0.2pp0.5%-1.2pp
Current Ratio1.78-0.7x2.01-0.4x2.07-0.3x2.36+0.1x2.43+0.1x2.44+0.1x2.39+0.1x2.25-0.3x
Debt-to-Equity0.490.0x0.500.0x0.500.0x0.58+0.1x0.510.0x0.510.0x0.530.0x0.48-0.2x
Asset Turnover0.54+0.1x0.53+0.1x0.480.0x0.480.0x0.460.450.0x0.470.0x0.44-0.1x
FCF Margin-3.7%-5.1pp-1.0%-3.1pp3.0%-2.4pp-2.9%-4.2pp1.4%2.1%-5.9pp5.5%+7.4pp1.3%+3.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Avnet, Inc. AVT FY2026 $27.6B $334.4M 1.2% $8.7B 42/100
Insight Enterprises Inc NSIT FY2025 $8.2B $157.3M 1.9% $4.7B 42/100
Arrow Electronics, Inc. ARW FY2025 $30.9B $571.3M 1.8% $12.3B 37/100
TD SYNNEX Corporation SNX FY2025 $62.5B $827.7M 1.3% $22.2B 48/100
PC Connection Inc CNXN FY2025 $2.9B $83.7M 2.9% $2.3B 58/100
Scansource Inc SCSC FY2026 $3.2B $78.9M 2.4% $1.2B 56/100

Frequently Asked Questions

What is Avnet, Inc.'s annual revenue?

Avnet, Inc. (AVT) reported $27.6B in total revenue for fiscal year 2026. This represents a 24.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Avnet, Inc.'s revenue growing?

Avnet, Inc. (AVT) revenue grew by 24.5% year-over-year, from $22.2B to $27.6B in fiscal year 2026.

Is Avnet, Inc. profitable?

Yes, Avnet, Inc. (AVT) reported a net income of $334.4M in fiscal year 2026, with a net profit margin of 1.2%.

Avnet, Inc. (AVT) reported diluted earnings per share of $4.01 for fiscal year 2026. This represents a 45.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Avnet, Inc. (AVT) had EBITDA of $801.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Avnet, Inc. (AVT) had $155.4M in cash and equivalents against $2.5B in long-term debt.

Avnet, Inc. (AVT) had a gross margin of 10.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Avnet, Inc. (AVT) had an operating margin of 2.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Avnet, Inc. (AVT) had a net profit margin of 1.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Avnet, Inc. (AVT) paid $1.40 per share in dividends during fiscal year 2026.

Avnet, Inc. (AVT) has a return on equity of 6.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Avnet, Inc. (AVT) recorded an outflow of $354.5M in free cash flow during fiscal year 2026. This represents a -161.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Avnet, Inc. (AVT) recorded an outflow of $280.9M in operating cash flow during fiscal year 2026, representing cash used by core business activities.

Avnet, Inc. (AVT) had $15.4B in total assets as of fiscal year 2026, including both current and long-term assets.

Avnet, Inc. (AVT) invested $73.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Avnet, Inc. (AVT) spent $138.3M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Avnet, Inc. (AVT) had 82M shares outstanding as of fiscal year 2026.

Avnet, Inc. (AVT) had a current ratio of 1.78 as of fiscal year 2026, which is generally considered healthy.

Avnet, Inc. (AVT) had a debt-to-equity ratio of 0.49 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Avnet, Inc. (AVT) had a return on assets of 2.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Avnet, Inc. (AVT) trades at 26.1x earnings, its market capitalization divided by net income of $334.4M net income, FY2026. The market capitalization is $8.7B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Avnet, Inc. (AVT) trades at 0.3x sales, its market capitalization divided by revenue of $27.6B revenue, FY2026. The market capitalization is $8.7B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2026, Avnet, Inc. (AVT) held $155.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $280.9M over that year. Dividing the one by the other, the reported balance equals about 7 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Avnet, Inc. (AVT) has an Altman Z-Score of 3.22, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Avnet, Inc. (AVT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

For every $1 of reported earnings, Avnet, Inc. (AVT) used $0.84 of operating cash (-$280.9M OCF vs $334.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Avnet, Inc. (AVT) has an interest coverage ratio of 2.89x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Avnet, Inc. (AVT) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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