ARWNYSEWholesale-Electronic Parts & Equipment, NECFiscal year ends December 31
ARROW ELECTRONICS, INC.
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 6, 2026
$216.27+1.66 (+0.77%)
Close on Oct 19, 2026
- Market cap
- $11.22B
- P/E (TTM)
- 13.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
11.2%+0.1 pts over 5 years
Operating margin
2.7%−0.5 pts over 5 years
Net margin
1.9%−0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.5% | -6.0% | +1.5% | +2.9% | |
| Gross profit | +5.3% | -10.5% | +1.7% | +1.3% | |
| Operating income | +7.0% | -26.5% | -1.7% | -0.0% | |
| Net income | +45.7% | -26.3% | -0.5% | +1.4% | |
| EPS, diluted | +49.9% | -20.6% | +8.0% | +7.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.2% | 11.8% | 9.3% | |
| Return on assets | 3.8% | 3.5% | 2.2% | |
| Current ratio | 1.54 | 1.44 | 1.36 | |
| Debt to equity | 0.63 | 0.44 | 0.47 | |
| Net debt to EBITDA | 2.18× | 1.74× | 2.89× | |
| Inventory turnover | 7.6× | 7.5× | 5.6× | |
| Capex to revenue | 0.7% | 0.4% | 0.3% | |
| Diluted shares | 92M | 79M | 52M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Arrow Electronics generated $2.35B from operations and spent $3.60B on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$2.35B
Used
$3.60B
Capital expenditure$439.13M12%Dividends$00%Share buybacks$3.16B88%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.9%
×Asset turnover1.21×
×Equity multiplier4.12×
=Return on equity, FY20259.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.9% | 1.21× | 4.12× | 9.3% |
| FY2024 | 1.4% | 1.28× | 3.76× | 6.8% |
| FY2023 | 2.7% | 1.52× | 3.83× | 15.9% |
| FY2022 | 3.8% | 1.80× | 3.81× | 26.4% |
| FY2021 | 3.2% | 1.88× | 3.53× | 21.4% |
| FY2020 | 2.0% | 1.71× | 3.38× | 11.8% |
| FY2019 | -0.7% | 1.69× | 3.37× | -4.0% |
| FY2018 | 2.4% | 1.73× | 3.33× | 13.9% |
| FY2017 | 1.5% | 1.73× | 3.28× | 8.6% |
| FY2016 | 2.2% | 1.73× | 3.18× | 12.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$571.27M
- Cash generatingOperating cash flow above zero$64.05M
- Return on assets improvedROA up on the prior year1.8% → 2.6%
- Earnings backed by cashOperating cash flow above net income$64.05M vs $571.27M
- Less leverageLong-term debt to assets fell12.7% → 10.6%
- Better liquidityCurrent ratio rose1.46 → 1.36
- No dilutionShare count did not rise54M → 52M
- Gross margin improvedGross margin up on the prior year11.79% → 11.24%
- More efficientAsset turnover rose1.29 → 1.42