Is the business good?
How good a business is AVT?
Avnet, Inc. earns 5.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.8%
Return on invested capital · cost of capital 9.0% · 3.2 points below what the capital costs: growth destroys value
- Operating margin
- 2.3%
Operating margin · Electronics & Computer Distribution median 3.0% · 12 months to Q3 2026
- Cash conversion
- 0.15×
Cash conversion · 2.35× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −4.5%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −0.03% |
| FY2021 | 1.4% |
| FY2022 | 3.9% |
| FY2023 | 4.5% |
| FY2024 | 3.5% |
| FY2025 | 2.3% |
Details›
- Gross margin12 months to Q3 2026
- 10%
- Operating margin12 months to Q3 2026
- 2.3%
- Net margin12 months to Q3 2026
- 0.86%
- Free cash flow margin
- 0.13%
- Revenue, trailing twelve months
- $25.0B
- Free cash flow, trailing twelve months
- $33M
- Net income, trailing twelve months
- $214M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Electronics & Computer Distribution
Ranks #3 of 6 by Smart Score