AVT Technology

Avnet, Inc.

$88.73+2.89%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Technology
Industry: Electronics & Computer Distribution
Country: United States
Market cap: 7.3B USD
Enterprise value: 10.4B USD
Full-time employees: 15,040

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: higher risk than most peers: more debt relative to equity (0.64× vs a peer median of 0.25×)higher risk: more debt vs equity (0.64× vs peers 0.25×)

Ranks #849 of 1,612 technology companies (bottom 48%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Avnet reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Returning more cash than it generates. Paid out $944M vs $686M of free cash flow over the 3 fiscal years to FY Jun 2026.
Avnet returned $944M to shareholders over three years, 138% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Valuation signals disagree. Cheaper than 73% of peers on earnings, but only 0% on free cash flow.
Relative to its earnings, Avnet looks cheaper than 73% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Profit below an unusually strong FY Jun 2023. Since FY Jun 2023 (an unusually strong year for operating profit): revenue +4.1%, operating profit −39%.Since FY Jun 2023: revenue +4.1%, operating profit −39%.
Since FY Jun 2023, Avnet's revenue changed +4.1% while operating profit fell 39%: costs rose faster than sales.

StockQuotient Score

50/ 100▼ 1 since Oct 27 close

Oct 5 49 → Nov 4 50 (+1)

Valuation

Is the price right?

64/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 65 → 64

Share price -4.5%+2
Peer companies moved-3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.6%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 1.04Sector median: 0.0225 · MAD: 0.0225

EBITDA yield7.8%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.98Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield-4.9%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield69.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

68/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 10.7%

Why

Stronger than most peers on:

▲ Revenue growth
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth41.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.00Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth1.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.44Sector median: 0.0483 · MAD: 0.0793

Revenue growth24.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.57Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

40/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Free cash flow turned negative over the last 12 months

Why

Held back by:

▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin2.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.52Sector median: 0.0631 · MAD: 0.0710

Return on assets2.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.21Sector median: 0.0293 · MAD: 0.0362

Return on invested capital7.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.04Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin10.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity6.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.08

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.57Sector median: 0.8710 · MAD: 0.3700

Current ratio1.78×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.08Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.64×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.72Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Avnet

Is Avnet getting weaker?: Its latest SEC filing (Oct 6, 2026) got weaker in some ways: free cash flow turned negative over the last 12 months. Its overall score is 50/100, down 1 since Oct 28, 2026.
How is Avnet valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 64/100 against 1,711 technology peers. Earnings yield 4.6% vs a peer median of 2.2% (stronger than 73% of peers).Earnings yield 4.6% vs peers 2.2% (stronger than 73% of peers). Free cash flow yield -4.9% vs a peer median of 2.7% (weaker than 100% of peers).Free cash flow yield -4.9% vs peers 2.7% (weaker than 100% of peers).
Is Avnet growing?: Yes, faster than most of its peers. Growth scores 68/100 against 1,711 technology peers. Revenue growth 24.5% vs a peer median of 8.5% (stronger than 82% of peers).Revenue growth 24.5% vs peers 8.5% (stronger than 82% of peers). 3-year revenue growth 1.4% vs a peer median of 4.8% (weaker than 62% of peers).3-year revenue growth 1.4% vs peers 4.8% (weaker than 62% of peers).
How profitable is Avnet?: About as profitable as its peers. Profitability scores 40/100 against 1,711 technology peers. Operating margin 2.6% vs a peer median of 6.3% (weaker than 67% of peers).Operating margin 2.6% vs peers 6.3% (weaker than 67% of peers).
How risky is Avnet?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.64× vs a peer median of 0.25× (weaker than 72% of peers).Debt / equity 0.64× vs peers 0.25× (weaker than 72% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 27, 2026 · filed Oct 6, 2026 · compared with the quarter ended Mar 28, 2026

Got weaker

Free cash flow turned negative over the last 12 months

	Previous quarter	Latest quarter	Change
Revenue (12 months)	25.0B USD	27.6B USD	+10.7%
Net income (12 months)	213.9M USD	334.4M USD	+56.3%
Operating margin	2.3%	2.6%	+0.3 pts
Free cash flow (12 months)	32.9M USD	−354.5M USD	turned negative
Debt	2.9B USD	3.2B USD	+9.2%
Cash	202.4M USD	155.4M USD	−23.2%
Shares outstanding	82.0M	82.1M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Technology · 320 companies

Valuations in Technology are above their usual range since 2016.

70% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +5% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +68% vs the whole market, against a usual +58%.

2016Shaded: most expensive fifth of its range2026

Shown for Technology: too few Electronics & Computer Distribution companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jun 2022	FY Jun 2023	FY Jun 2024	FY Jun 2025	FY Jun 2026	Change
Gross margin	12.2%	12.0%	11.6%	10.7%	10.4%	▼ 0.3 pts
Operating margin	3.9%	4.5%	3.6%	2.3%	2.6%	▲ 0.3 pts
Net margin	2.8%	2.9%	2.1%	1.1%	1.2%	▲ 0.1 pts
Return on assets (ROA)	6.7%	6.2%	4.1%	2.0%	2.2%	▲ 0.2 pts
Return on equity (ROE)	16.5%	16.2%	10.1%	4.8%	6.7%	▲ 1.9 pts
Free cash flow margin	-1.1%	-3.4%	2.0%	2.6%	-1.3%	▼ 3.9 pts
Current ratio	2.09×	2.53×	2.32×	2.43×	1.78×	▼ 27%
Quick ratio	1.09×	1.24×	1.10×	1.16×	0.97×	▼ 16%
Debt to equity	0.38×	0.64×	0.59×	0.53×	0.64×	▲ 20%
Interest coverage	9.36×	4.73×	2.99×	2.09×	2.89×	▲ 39%

AVT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: higher risk than most peers: more debt relative to equity (0.64× vs a peer median of 0.25×)higher risk: more debt vs equity (0.64× vs peers 0.25×)

Ranks #849 of 1,612 technology companies (bottom 48%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Avnet reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Returning more cash than it generates. Paid out $944M vs $686M of free cash flow over the 3 fiscal years to FY Jun 2026.

Avnet returned $944M to shareholders over three years, 138% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Valuation signals disagree. Cheaper than 73% of peers on earnings, but only 0% on free cash flow.

Relative to its earnings, Avnet looks cheaper than 73% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Profit below an unusually strong FY Jun 2023. Since FY Jun 2023 (an unusually strong year for operating profit): revenue +4.1%, operating profit −39%.Since FY Jun 2023: revenue +4.1%, operating profit −39%.

Since FY Jun 2023, Avnet's revenue changed +4.1% while operating profit fell 39%: costs rose faster than sales.

Questions investors ask about Avnet

Is Avnet getting weaker?

Its latest SEC filing (Oct 6, 2026) got weaker in some ways: free cash flow turned negative over the last 12 months. Its overall score is 50/100, down 1 since Oct 28, 2026.

How is Avnet valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 64/100 against 1,711 technology peers. Earnings yield 4.6% vs a peer median of 2.2% (stronger than 73% of peers).Earnings yield 4.6% vs peers 2.2% (stronger than 73% of peers). Free cash flow yield -4.9% vs a peer median of 2.7% (weaker than 100% of peers).Free cash flow yield -4.9% vs peers 2.7% (weaker than 100% of peers).

Is Avnet growing?

Yes, faster than most of its peers. Growth scores 68/100 against 1,711 technology peers. Revenue growth 24.5% vs a peer median of 8.5% (stronger than 82% of peers).Revenue growth 24.5% vs peers 8.5% (stronger than 82% of peers). 3-year revenue growth 1.4% vs a peer median of 4.8% (weaker than 62% of peers).3-year revenue growth 1.4% vs peers 4.8% (weaker than 62% of peers).

How profitable is Avnet?

About as profitable as its peers. Profitability scores 40/100 against 1,711 technology peers. Operating margin 2.6% vs a peer median of 6.3% (weaker than 67% of peers).Operating margin 2.6% vs peers 6.3% (weaker than 67% of peers).

How risky is Avnet?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.64× vs a peer median of 0.25× (weaker than 72% of peers).Debt / equity 0.64× vs peers 0.25× (weaker than 72% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

25.0B USD

27.6B USD

+10.7%

Net income (12 months)

213.9M USD

334.4M USD

+56.3%

Operating margin

2.3%

2.6%

+0.3 pts

Free cash flow (12 months)

32.9M USD

−354.5M USD

turned negative

Debt

2.9B USD

3.2B USD

+9.2%

Cash

202.4M USD

155.4M USD

−23.2%

Shares outstanding

82.0M

82.1M

+0.1%

Key ratios

FY Jun 2022

FY Jun 2023

FY Jun 2024

FY Jun 2025

FY Jun 2026

Change

Gross margin

12.2%

12.0%

11.6%

10.7%

10.4%

▼ 0.3 pts

Operating margin

3.9%

4.5%

3.6%

2.3%

2.6%

▲ 0.3 pts

Net margin

2.8%

2.9%

2.1%

1.1%

1.2%

▲ 0.1 pts

Return on assets (ROA)

6.7%

6.2%

4.1%

2.0%

2.2%

▲ 0.2 pts

Return on equity (ROE)

16.5%

16.2%

10.1%

4.8%

6.7%

▲ 1.9 pts

Free cash flow margin

-1.1%

-3.4%

2.0%

2.6%

-1.3%

▼ 3.9 pts

Current ratio

2.09×

2.53×

2.32×

2.43×

1.78×

▼ 27%

Quick ratio

1.09×

1.24×

1.10×

1.16×

0.97×

▼ 16%

Debt to equity

0.38×

0.64×

0.59×

0.53×

0.64×

▲ 20%

Interest coverage

9.36×

4.73×

2.99×

2.09×

2.89×

▲ 39%