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Saturday 7 November 2026
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Arrow Electronics, Inc.
ARW Technology Electronics & Computer Distribution
Arrow Electronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $30.9 billion, up 10.5% from fiscal 2024.
- Revenue
- +39.0%
- EPS
- +196.3%
- Free cash flow
- −50.1%
- Total debt
- −12.1%
Quarter to September 2026, against a year earlier
181.09
4.02
+2.27%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 23,488 | 26,555 | 29,677 | 28,917 | 28,673 | 34,477 | 37,124 | 33,107 | 27,923 | 30,853 | 38,930 | +3.1% | 40,045 | 43,166 | 46,457 | +14.6% | |
| Gross margin, % | 13.39 | 12.64 | 12.47 | 11.41 | 11.13 | 12.19 | 13.03 | 12.53 | 11.79 | 11.24 | 11.26 | (2.1) pt | ||||||
| EBT | 716 | 694 | 909 | (112) | 759 | 1,436 | 1,884 | 1,164 | 489 | 718 | 1,307 | 0.0% | ||||||
| EBT margin, % | 3.05 | 2.61 | 3.06 | (0.39) | 2.65 | 4.17 | 5.08 | 3.52 | 1.75 | 2.33 | 3.36 | (0.7) pt | ||||||
| Net income | 525 | 407 | 722 | (200) | 586 | 1,110 | 1,435 | 909 | 394 | 570 | 1,021 | +0.9% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 258.22 | 299.44 | 339.26 | 346.03 | 367.64 | 475.73 | 572.57 | 587.43 | 524.07 | 595.57 | 764.04 | +9.7% | |||||
| Earnings | 5.75 | 4.53 | 8.19 | (2.44) | 7.49 | 15.29 | 22.01 | 16.03 | 7.36 | 11.03 | 19.93 | +7.5% | ||||||
| Cash flow | 3.95 | 1.40 | 3.12 | 10.27 | 17.44 | 5.78 | (0.51) | 12.52 | 21.22 | 1.24 | 15.24 | (12.1%) | ||||||
| Capex | (1.81) | (2.02) | (1.71) | (1.80) | (1.59) | (0.84) | (1.22) | (1.48) | (1.64) | (1.95) | (2.11) | +0.9% | ||||||
| Free cash flow | 2.14 | (0.62) | 1.40 | 8.46 | 15.84 | 4.94 | (1.73) | 11.04 | 19.57 | (0.72) | 13.13 | n/m | ||||||
| Book value | 49.09 | 56.36 | 61.46 | 58.23 | 66.02 | 73.70 | 86.54 | 104.28 | 109.45 | 128.54 | 142.52 | +11.3% | ||||||
| Shares, m | 91 | 89 | 87 | 84 | 78 | 72 | 65 | 56 | 53 | 52 | 51 | (6.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 12.43 | 17.97 | 8.41 | 0.00 | 12.84 | 8.71 | 4.82 | 7.50 | 15.39 | 9.98 | 9.06 | 9.8 | |||||
| P/S | 0.28 | 0.27 | 0.20 | 0.24 | 0.26 | 0.28 | 0.19 | 0.20 | 0.22 | 0.19 | 0.24 | 0.2 | ||||||
| P/B | 1.46 | 1.44 | 1.12 | 1.46 | 1.47 | 1.82 | 1.23 | 1.15 | 1.03 | 0.86 | 1.27 | 1.3 | ||||||
| EV/Sales | 0.37 | 0.37 | 0.30 | 0.34 | 0.33 | 0.35 | 0.28 | 0.31 | 0.32 | 0.28 | 0.30 | 0.3 | ||||||
| EV/FCF | 44.90 | (177.63) | 63.09 | 13.64 | 7.66 | 33.89 | (93.62) | 16.63 | 8.59 | (228.10) | 17.54 | (31.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 360 | 125 | 273 | 858 | 1,360 | 419 | (33) | 705 | 1,130 | 64 | 777 | (17.4%) | |||||
| Capex | (165) | (180) | (150) | (151) | (124) | (61) | (79) | (83) | (88) | (101) | (108) | (5.3%) | ||||||
| Free cash flow | 195 | (55) | 123 | 707 | 1,236 | 358 | (112) | 622 | 1,043 | (37) | 669 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 3,627 | 4,459 | 4,818 | 4,268 | 4,022 | 4,567 | 5,951 | 5,140 | 5,765 | 6,815 | 6,969 | +7.3% | |||||
| Net debt | 2,256 | 2,560 | 2,976 | 2,671 | 1,883 | 2,405 | 3,596 | 3,589 | 2,935 | 2,779 | 2,536 | +2.3% | ||||||
| Shareholders’ equity | 4,466 | 4,998 | 5,376 | 4,866 | 5,149 | 5,341 | 5,611 | 5,877 | 5,832 | 6,659 | 7,262 | +4.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 3.84 | 2.62 | 4.18 | (1.19) | 3.49 | 6.06 | 6.91 | 4.16 | 1.80 | 2.25 | 2.93 | (1.6) pt | |||||
| ROIC | 8.15 | 7.82 | 8.59 | 0.89 | 7.95 | 12.56 | 14.04 | 9.71 | 5.48 | 5.45 | 9.33 | (2.7) pt | ||||||
| ROE | 12.07 | 8.50 | 13.81 | (3.99) | 11.67 | 21.13 | 26.06 | 15.73 | 6.70 | 9.15 | 14.86 | (2.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 18,700 | 18,800 | 20,100 | 19,300 | 19,600 | 20,700 | 22,300 | 22,100 | 21,520 | 22,230 | — | +1.9% | |||||
| Revenue/emp, $m | 1.26 | 1.41 | 1.48 | 1.50 | 1.46 | 1.67 | 1.66 | 1.50 | 1.30 | 1.39 | — | +1.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| Global Components | 21,501 | 69.69% |
|---|---|---|
| Global ECS | 9,352 | 30.31% |
| Gross margin | 11.24% | |
| Operating margin | 2.66% | |
| Pre-tax margin | 2.33% |
Arrow Electronics, Inc. vs peers in Electronics & Computer Distribution (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SNX TD SYNNEX Corporation | $17.2B | 13.3× | 11.8× | +37.75% (above 0%: growing) | +88.41% (above 0%: growing) | −556.06% (below 0%: shrinking) | 6.61% | 2.98% | Compare |
| ARW Arrow Electronics, Inc. | $9.0B | 9.1× | 9.0× | +38.97% (above 0%: growing) | +196.28% (above 0%: growing) | −50.11% (below 0%: shrinking) | 10.82% | 4.01% | |
| AVT Avnet, Inc. | $6.3B | 11.5× | 6.6× | +81.70% (above 0%: growing) | +453.18% (above 0%: growing) | −412.30% (below 0%: shrinking) | 10.02% | 4.43% | Compare |
| NSIT Insight Enterprises, Inc. | $4.5B | 26.5× | 19.7× | +21.84% (above 0%: growing) | −53.29% (below 0%: shrinking) | −47.26% (below 0%: shrinking) | 21.43% | 2.81% | Compare |
| CNXN PC Connection, Inc. | $2.0B | 19.5× | 18.1× | +23.30% (above 0%: growing) | +27.17% (above 0%: growing) | −87.72% (below 0%: shrinking) | 18.51% | 4.69% | Compare |
| SCSC ScanSource, Inc. | $918.0M | 13.2× | 9.9× | +30.10% (above 0%: growing) | −52.23% (below 0%: shrinking) | −312.08% (below 0%: shrinking) | 12.15% | 1.29% | Compare |
| CLMB Climb Global Solutions, Inc. | $743.5M | 30.7× | 28.2× | +36.55% (above 0%: growing) | +69.88% (above 0%: growing) | −49.64% (below 0%: shrinking) | 14.98% | 4.52% | Compare |
| TAIT Taitron Components Incorporated | $6.6M | 16.6× | — | −61.87% (below 0%: shrinking) | n/m | −192.59% (below 0%: shrinking) | 4.72% | (65.17%) | Compare |
| IZM ICZOOM Group Inc. | $1.6M | 1.6× | — | −37.90% (below 0%: shrinking) | +33.33% (above 0%: growing) | +170.78% (above 0%: growing) | 2.33% | 0.00% | Compare |
| Median of peers | $1.5B | 15.0× | 15.0× | +26.70% | +33.33% | −140.15% | 11.09% | 2.90% |
From the latest earnings call
- CFO Raj Agrawal said price increases drove most third-quarter components revenue growth, while Arrow’s fourth-quarter outlook assumes growth primarily from unit volume.
- Interim CEO Bill Austen said components backlog was building into mid-2027, while ECS demand was growing across AI, cloud, cybersecurity and hybrid infrastructure.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
102.91%
Held by the ten largest
51.61%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 5.74m | 11.28% | −170.44k |
| BlackRock | 5.02m | 9.85% | +78.32k |
| Dimensional Fund Advisors | 3.04m | 5.98% | +34.52k |
| AQR Capital Management | 2.17m | 4.26% | +460.19k |
| Boston Partners | 2.12m | 4.16% | −49.73k |
| LSV ASSET MANAGEMENT | 1.89m | 3.71% | −35.41k |
| GREENHAVEN ASSOCIATES INC | 1.76m | 3.47% | −131.71k |
| State Street | 1.69m | 3.33% | +8.24k |
| ACR Alpine Capital Research, LLC | 1.46m | 2.86% | −2.12m |
| EARNEST PARTNERS LLC | 1.38m | 2.71% | −27.49k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 30 March 2026
Ownership
Directors and executive officers, together
0.80%
Malvern, Pennsylvania
12.16%
New York, New York
9.26%
Saint Louis, Missouri
6.70%
Austin, Texas
5.56%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Arrow Electronics, Inc. (ARW) Latest News
6 Nov
5 Nov
14 Oct
13 Oct
5 Oct
ARW metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Arrow Electronics distributes electronic components and enterprise computing products, and provides services that help customers design, obtain and use technology. Founded in 1935, Arrow is headquartered in Englewood. William F. Austen is its interim chief executive officer.
Arrow operates through two businesses. Global Components supplies electronic parts to original equipment manufacturers and electronics manufacturing services providers. These customers use the parts to make products for industries such as industrial equipment, automotive and transportation, computing, and communications. Arrow also helps customers design products, manage their supply chains and integrate components into finished systems.