Avnet vs TD Synnex
TD Synnex reported revenue of $62.5 billion in fiscal 2025, 2.3 times Avnet's $27.6 billion in fiscal 2026. Avnet's revenue grew 24.5% in its latest year, and TD Synnex's grew 6.9%. Avnet had an operating margin of 2.6%, against 2.3% at TD Synnex. Free cash flow was −$354 million at Avnet and $1.4 billion at TD Synnex. Their fiscal years end in different months (June 27 and November 30), so the periods don't line up exactly.
Side by side
| Avnet | TD Synnex | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 27, 2026 | FY2025, Nov 30, 2025 |
| Revenue | $27.6B | $62.5B |
| Revenue growth | 24.5% | 6.9% |
| Revenue growth a year, last 5 years | 7.2% | 25.6% |
| Gross margin | 10.4% | 7.0% |
| Operating margin | 2.6% | 2.3% |
| Net margin | 1.2% | 1.3% |
| Free cash flow | −$354M | $1.4B |
| Free cash flow margin | −1.3% | 2.2% |
| Return on capital | 7.0% | 10.3% |
| Net debt to EBITDA | 2.9x | 1.2x |
| Dividends and buybacks | $253M | $742M |
| Change in diluted share count | −4.6% | −4.0% |
| Last close | $89.65 | $250.48 |
| P/E at the last close | 22.4× | 15.3× |
| Insider trades, last 12 months | bought $99,998, sold $17.2 million | sold $42.3 million |
| Piotroski F-score | 5 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ 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
AvnetTD Synnex
Operating margin
Percent of revenue
AvnetTD Synnex
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AvnetTD Synnex