Avnet Inc (AVT)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 250,569 | 632,263 | 982,876 | 833,334 | 172,929 |
| Revenue | US$ in thousands | 22,200,800 | 23,757,100 | 26,536,900 | 24,310,700 | 19,534,700 |
| Pretax margin | 1.13% | 2.66% | 3.70% | 3.43% | 0.89% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $250,569K ÷ $22,200,800K
= 1.13%
The pretax margin of Avnet Inc has exhibited notable fluctuations over the analyzed period. As of June 30, 2021, the pretax margin stood at 0.89%, reflecting a relatively low profitability level prior to 2022. In the subsequent year, 2022, the margin increased significantly to 3.43%, indicating an improvement in the company's pre-tax profitability and potentially enhanced operational efficiency or favorable market conditions. The upward trend continued into 2023, with the margin reaching 3.70%, representing a peak within the observed timeframe and further reinforcing positive profitability momentum.
However, in 2024, the pretax margin experienced a decline to 2.66%, suggesting a contraction in profitability which could be attributable to increased costs, competitive pressures, or changes in market dynamics. Moving into the following year, 2025, the margin further decreased to 1.13%, nearing the lowest point observed in the period and indicating a substantial reduction in pre-tax profitability relative to previous years.
Overall, the trend reveals initial growth in pretax margins from 2021 through 2023, followed by a decline in the subsequent two years. The fluctuations highlight the company's sensitivity to external and internal factors impacting profitability margins over this multi-year span.
Peer comparison
Jun 30, 2025