Avnet vs CDW
Avnet reported revenue of $27.6 billion in fiscal 2026, 1.2 times CDW's $22.4 billion in fiscal 2025. Avnet's revenue grew 24.5% in its latest year, and CDW's grew 6.8%. Avnet had an operating margin of 2.6%, against 7.4% at CDW. Free cash flow was −$354 million at Avnet and $1.1 billion at CDW. Their fiscal years end in different months (June 27 and December 31), so the periods don't line up exactly.
Side by side
| Avnet | CDW | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 27, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $27.6B | $22.4B |
| Revenue growth | 24.5% | 6.8% |
| Revenue growth a year, last 5 years | 7.2% | 4.0% |
| Gross margin | 10.4% | 21.7% |
| Operating margin | 2.6% | 7.4% |
| Net margin | 1.2% | 4.8% |
| Free cash flow | −$354M | $1.1B |
| Free cash flow margin | −1.3% | 4.8% |
| Return on capital | 7.0% | 16.4% |
| Net debt to EBITDA | 2.9x | 2.6x |
| Dividends and buybacks | $253M | $982M |
| Change in diluted share count | −4.6% | −2.3% |
| Last close | $89.65 | $163.23 |
| P/E at the last close | 22.4× | 19.6× |
| Insider trades, last 12 months | bought $99,998, sold $17.2 million | bought $2.5 million, sold $4.8 million |
| Piotroski F-score | 5 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AvnetCDW
Operating margin
Percent of revenue
AvnetCDW
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AvnetCDW