Avnet Inc (AVT)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,384,955 | 2,434,151 | 2,515,571 | 2,625,704 | 2,766,443 | 2,941,585 | 3,084,160 | 3,162,076 | 3,182,143 | 3,143,752 | 3,144,937 | 3,073,872 | 2,965,392 | 2,830,708 | 2,586,025 | 2,384,243 | 2,240,630 | 2,070,754 | 2,021,337 | 2,035,697 |
| Revenue (ttm) | US$ in thousands | 22,200,750 | 22,145,930 | 22,484,100 | 23,025,630 | 23,757,130 | 24,748,760 | 25,609,790 | 26,122,400 | 26,536,880 | 26,354,920 | 26,328,440 | 25,476,140 | 24,310,710 | 23,164,790 | 21,593,360 | 20,396,310 | 19,534,670 | 18,467,640 | 17,860,750 | 17,727,390 |
| Gross profit margin | 10.74% | 10.99% | 11.19% | 11.40% | 11.64% | 11.89% | 12.04% | 12.10% | 11.99% | 11.93% | 11.95% | 12.07% | 12.20% | 12.22% | 11.98% | 11.69% | 11.47% | 11.21% | 11.32% | 11.48% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,384,955K ÷ $22,200,750K
= 10.74%
The gross profit margin of Avnet Inc exhibits a generally stable trend with moderate fluctuations over the observed period from September 2020 through June 2025. At the beginning of this timeframe, the gross profit margin was approximately 11.48% as of September 30, 2020. Throughout 2021, the margin demonstrated a gradual upward trajectory, reaching around 11.69% by September 2021, and continuing to improve to approximately 11.98% by the end of 2021. In 2022, the gross profit margin maintained its incremental trend, peaking near 12.22% in March 2022, and then slightly declining to approximately 12.07% by September 2022 and to nearly 11.95% by the end of that year.
In 2023, the gross profit margin remained relatively stable, with slight increases reaching approximately 12.10% in September 2023 and maintaining an average just under 12% throughout the year. Beginning in 2024, there is a discernible downward trend; the margin decreased from about 11.89% in March 2024 to approximately 11.19% by December 2024. This decline continued into 2025, with the gross profit margin decreasing further to around 10.99% in March 2025 and reaching roughly 10.74% by June 2025.
Overall, the gross profit margin has experienced periods of both growth and decline, indicating a pattern of relative stability with a recent trend towards compression. The long-term average margin oscillates around the 11% to 12% range, with a recent downward trend suggesting potential changes in cost structure, pricing strategies, competitive pressures, or market conditions affecting profitability.
Peer comparison
Jun 30, 2025