Avnet Inc (AVT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 250,569 | 344,489 | 368,293 | 431,568 | 632,262 | 721,331 | 862,970 | 1,012,546 | 982,876 | 1,041,024 | 1,045,462 | 934,107 | 833,335 | 676,495 | 498,591 | 341,215 | 172,928 | 65,084 | -163,123 | -185,440 |
| 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 |
| Pretax margin | 1.13% | 1.56% | 1.64% | 1.87% | 2.66% | 2.91% | 3.37% | 3.88% | 3.70% | 3.95% | 3.97% | 3.67% | 3.43% | 2.92% | 2.31% | 1.67% | 0.89% | 0.35% | -0.91% | -1.05% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $250,569K ÷ $22,200,750K
= 1.13%
The pretax margin of Avnet Inc has exhibited notable fluctuations over the analyzed period. Starting with a negative value of -1.05% as of September 30, 2020, the margin showed a gradual improvement, reaching a positive peak of 3.97% by December 31, 2022. During this upward trend, the company transitioned from initial losses to consistent profitability, with the margin peaking in the last quarter of 2022.
From March 31, 2023, onward, the pretax margin experienced a slight decline, descending to 3.37% by December 31, 2023. This downtrend continued into 2024, with the margin decreasing to approximately 2.66% by June 30, 2024, and further down to 1.87% by September 30, 2024. The decline persisted in the subsequent quarters, with margins recorded at 1.64% in December 2024, 1.56% in March 2025, and 1.13% in June 2025.
Overall, the trajectory indicates a recovery from initial losses during 2020, reaching a sustained period of profitability in late 2022 and early 2023. However, there has been a discernible downward trend starting late 2023 through mid-2025, suggesting a reduction in profitability before the most recent quarter. The pretax margin demonstrates sensitivity to macroeconomic or operational factors, with periods of strength followed by modest contractions in profitability over the specified timeline.
Peer comparison
Jun 30, 2025