Avnet, Inc.

AVT

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

6/30/2025

Revenue

22,201

Cost of Revenue

19,816

Gross Profit

2,385

Gross Margin

10.7%

Operating Income

514

Operating Margin

2.3%

Net Income

240

Net Margin

1.1%

EPS (Basic)

$2.78

EPS (Diluted)

$2.75

EBITDA

622

EBITDA Margin

2.8%

2024

6/29/2024

Revenue

23,757

Cost of Revenue

20,991

Gross Profit

2,766

Gross Margin

11.6%

Operating Income

844

Operating Margin

3.6%

Net Income

499

Net Margin

2.1%

EPS (Basic)

$5.51

EPS (Diluted)

$5.43

EBITDA

1,056

EBITDA Margin

4.4%

2023

7/1/2023

Revenue

26,537

Cost of Revenue

23,355

Gross Profit

3,182

Gross Margin

12.0%

Operating Income

1,187

Operating Margin

4.5%

Net Income

771

Net Margin

2.9%

EPS (Basic)

$8.37

EPS (Diluted)

$8.26

EBITDA

1,377

EBITDA Margin

5.2%

2022

7/2/2022

Revenue

24,311

Cost of Revenue

21,345

Gross Profit

2,965

Gross Margin

12.2%

Operating Income

939

Operating Margin

3.9%

Net Income

692

Net Margin

2.8%

EPS (Basic)

$7.02

EPS (Diluted)

$6.94

EBITDA

1,089

EBITDA Margin

4.5%

2021

7/3/2021

Revenue

19,535

Cost of Revenue

17,294

Gross Profit

2,241

Gross Margin

11.5%

Operating Income

281

Operating Margin

1.4%

Net Income

193

Net Margin

1.0%

EPS (Basic)

$1.95

EPS (Diluted)

$1.93

EBITDA

451

EBITDA Margin

2.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	22,201	23,757	26,537	24,311	19,535
Cost of Revenue	19,816	20,991	23,355	21,345	17,294
Gross Profit	2,385	2,766	3,182	2,965	2,241
Gross Margin	10.7%	11.6%	12.0%	12.2%	11.5%
Operating Income	514	844	1,187	939	281
Operating Margin	2.3%	3.6%	4.5%	3.9%	1.4%
Net Income	240	499	771	692	193
Net Margin	1.1%	2.1%	2.9%	2.8%	1.0%
EPS (Basic)	$2.78	$5.51	$8.37	$7.02	$1.95
EPS (Diluted)	$2.75	$5.43	$8.26	$6.94	$1.93
EBITDA	622	1,056	1,377	1,089	451
EBITDA Margin	2.8%	4.4%	5.2%	4.5%	2.3%