Avnet vs TD Synnex
TD Synnex is the larger business, with $62.51bn of revenue in fiscal 2025 against $27.63bn for Avnet (2.3 times as much). Avnet grew faster (24.5% against 6.9%). TD Synnex kept more of each dollar of sales as profit: a net margin of 1.3% against 1.2%. TD Synnex carries less debt relative to equity (54.8% against 64.4%).
| Latest fiscal year | AvnetAVT, 2026 | TD SynnexSNX, 2025 |
|---|---|---|
| Revenue | $27.63bn | $62.51bn |
| Revenue growth | 24.5% | 6.9% |
| Net income | $334m | $828m |
| Operating margin | 2.6% | 2.3% |
| Net margin | 1.2% | 1.3% |
| Return on equity | 6.7% | 10.0% |
| Free cash flow | −$354m | $1.39bn |
| Cash | $155m | $2.44bn |
| Total debt | $3.23bn | $4.63bn |
| Debt to equity | 64.4% | 54.8% |
| Dividend per share | $1.40 | $1.76 |
| Dividend yield | 1.6% | 0.9% |
| Share buybacks | $138m | $596m |
| Employees | 15,040 | — |
| Market value | $7.43bn | $18.04bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 31 (Weak) | 31 (Weak) |
| Insider trades, 12 months | 1 buys, 9 sales | 0 buys, 139 sales |