Forensic Analysis · Trading Companies & Distributors · as of Aug 11, 2026

Avnet Inc (AVT)

A forensic read on Avnet Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Safe

Financial health

5.6

Distress distance

Clean

Earnings quality

Forensic signals

37.1

P / E (ttm)

4.8%

ROE

$8.0B

Market cap

1.45%

Dividend yield

-6.6%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Avnet Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 5.6, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.

What the filings flag

0.46×

FY2023–FY2025

Cash conversion. Over FY2023–FY2025, operating cash flow was 0.46× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.

5.9%

FY2025

Return on invested capital. Return on invested capital is 5.9% in the latest fiscal year and slipping from 13% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.

$256M

FY2019–FY2020

Goodwill impairments. Took $256M of goodwill writedowns across 2 years (FY2019 ($137M), FY2020 ($119M)) — about 176% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$22.20B

Revenue Growth YoY-6.6%

Revenue CAGR (3yr)-3.0%

Net Margin1.1%

Free Cash Flow$577.0M

Return on Equity4.8%

Debt / Equity0.53x

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Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.