Broadcom Inc.
AVGO Technology Semiconductors
Broadcom Inc.’s revenue for fiscal 2025 (year ended October 2025) was $63.9 billion, up 23.9% from fiscal 2024. In the quarter to July 2026, revenue grew 85.5%, EPS grew 212.5%, free cash flow grew 94.6% and total debt fell 7.49%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.
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Broadcom Inc. (AVGO) Altman Z-score
Broadcom Inc.'s Altman Z-score for fiscal 2025 is 12.67, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 12.67 | 6.89 |
| FY2023 | 5.78 | 2.19 |
| FY2022 | 3.59 | 0.10 |
| FY2021 | 3.50 | 0.10 |
| FY2018 | 3.40 | 0.59 |
| FY2017 | 2.81 | 1.15 |
| FY2016 | 1.66 | (3.46) |
| FY2015 | 5.12 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.08 | — | 0.09 | |
| Retained earnings / total assets | 0.06 | — | 0.08 | |
| EBIT / total assets | 0.15 | — | 0.49 | |
| Market value of equity / total liabilities | 19.40 | — | 11.64 | |
| Sales / total assets | 0.37 | — | 0.37 | |
| Altman Z-score | Safe zone | 12.67 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.64 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| NVDA NVIDIA Corporation compare | 61.1× |
| ARM ARM Holdings PLC Sponsored ADR compare | 41.7× |
| AMD Advanced Micro Devices, Inc. compare | 16.0× |
| MU Micron Technology, Inc. compare | 15.0× |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. compare | 14.2× |
| AVGO Broadcom Inc. | 12.7× |
| TXN Texas Instruments Incorporated compare | 8.7× |
| INTC Intel Corporation compare | 1.9× |
| SKHY SK Hynix, Inc. - Sponsored ADR compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on AVGO
- 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
- Beneish M-score
- The full statement