Avnet Inc (AVT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 583,315 | 633,408 | 692,155 | 773,086 | 884,630 | 975,686 | 1,087,317 | 1,150,033 | 1,186,801 | 1,187,827 | 1,148,606 | 1,061,305 | 939,011 | 772,324 | 585,600 | 431,149 | 281,408 | 165,327 | -38,117 | -48,863 |
| 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 |
| Operating profit margin | 2.63% | 2.86% | 3.08% | 3.36% | 3.72% | 3.94% | 4.25% | 4.40% | 4.47% | 4.51% | 4.36% | 4.17% | 3.86% | 3.33% | 2.71% | 2.11% | 1.44% | 0.90% | -0.21% | -0.28% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $583,315K ÷ $22,200,750K
= 2.63%
The operating profit margin of Avnet Inc has demonstrated a notable recovery and progressive improvement from the fiscal year 2020 through mid-2023, following an initial period of negative margins. As of September 30, 2020, the margin was recorded at -0.28%, reflecting operating losses relative to net sales during that quarter. This negative trend persisted into December 2020, with a marginal improvement to -0.21%. Beginning in the fiscal quarter ending March 31, 2021, a positive turnaround was observed, with the operating profit margin reaching 0.90%, marking the start of sustained profitability.
Throughout 2021 and into 2022, the margin exhibited a steady upward trajectory, culminating at 4.51% as of March 31, 2023. This growth indicates enhanced operational efficiency and improved profitability margins over this period. The highest margins within the observed period occurred in late 2022 and early 2023, with the peak at approximately 4.51% in March 2023. Subsequently, a slight decline was noted, with the margin decreasing to approximately 4.25% at the end of 2023.
Entering 2024, the operating profit margin continued its gradual decline, reaching approximately 3.94% in the first quarter. This downward trend persisted through mid-2024, with the margin falling to around 3.36% in September 2024. The downward movement persisted into 2025, with the margin estimated at 2.86% by March 31, 2025, and further decreasing to approximately 2.63% by June 30, 2025.
In summary, Avnet Inc experienced a significant turnaround from negative operating margins in 2020 to sustained positive margins from March 2021 onward. The operating profit margin peaked around early 2023 and subsequently exhibited a gradual decline through the subsequent quarters and into fiscal 2025. The margin fluctuations suggest evolving operational profitability, likely influenced by market conditions, cost management strategies, and revenue dynamics over this period.
Peer comparison
Jun 30, 2025