AVTNasdaqWholesale-Electronic Parts & Equipment, NECFiscal year ends July 3
AVNET INC
Financials through Q4 FY2026, quarter ended Jun 27, 2026Last filing: 10-K on Aug 14, 2026
$91.88+1.85 (+2.05%)
Close on Oct 19, 2026
- Market cap
- $7.67B
- P/E (TTM)
- 22.9
- Dividend yield
- 1.52%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
10.4%−1.0 pts over 5 years
Operating margin
2.6%+1.2 pts over 5 years
Net margin
1.2%+0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +24.5% | +1.4% | +7.2% | +5.1% | |
| Gross profit | +20.8% | -3.2% | +5.2% | +3.3% | |
| Operating income | +40.9% | -15.2% | +20.8% | +2.4% | |
| Net income | +39.2% | -24.3% | +11.6% | -4.1% | |
| EPS, diluted | +45.8% | -21.4% | +15.7% | +0.5% | |
| Dividend per share | +6.1% | +6.5% | +10.5% | +7.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 10.6% | 4.9% | 6.7% | |
| Return on assets | 5.0% | 2.3% | 2.4% | |
| Current ratio | 3.07 | 2.34 | 1.78 | |
| Debt to equity | 0.34 | 0.30 | 0.64 | |
| Net debt to EBITDA | 1.57× | 2.46× | 3.81× | |
| Interest coverage | 4.5× | 3.1× | 2.9× | |
| Inventory turnover | 5.6× | 5.8× | 4.4× | |
| Capex to revenue | 0.7% | 0.3% | 0.3% | |
| Diluted shares | 129M | 100M | 83M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Avnet generated $2.63B from operations and spent $2.25B on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
Generated
$2.63B
Used
$2.25B
Capital expenditure$691.10M31%Dividends$544.45M24%Share buybacks$1.01B45%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.2%
×Asset turnover2.01×
×Equity multiplier2.75×
=Return on equity, FY20266.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 1.2% | 2.01× | 2.75× | 6.7% |
| FY2025 | 1.1% | 1.83× | 2.45× | 4.8% |
| FY2024 | 2.1% | 1.92× | 2.55× | 10.3% |
| FY2023 | 2.9% | 2.32× | 2.56× | 17.2% |
| FY2022 | 2.8% | 2.52× | 2.33× | 16.7% |
| FY2021 | 1.0% | 2.29× | 2.18× | 4.9% |
| FY2020 | -0.2% | 2.12× | 2.12× | -0.8% |
| FY2019 | 0.9% | 2.15× | 2.06× | 4.0% |
| FY2018 | -0.8% | 1.97× | 1.96× | -3.2% |
| FY2017 | 3.0% | 1.67× | 2.12× | 10.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$334.39M
- Cash generatingOperating cash flow above zero-$280.93M
- Return on assets improvedROA up on the prior year2.0% → 2.8%
- Earnings backed by cashOperating cash flow above net income-$280.93M vs $334.39M
- Less leverageLong-term debt to assets fell21.2% → 16.1%
- Better liquidityCurrent ratio rose2.43 → 1.78
- No dilutionShare count did not rise87M → 83M
- Gross margin improvedGross margin up on the prior year10.74% → 10.43%
- More efficientAsset turnover rose1.82 → 2.28