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Saturday 7 November 2026
Export SNX’s income statement to Excel — free account
TD SYNNEX Corporation
SNX Technology Electronics & Computer Distribution
TD SYNNEX Corporation’s revenue for fiscal 2025 (year ended November 2025) was $62.5 billion, up 6.94% from fiscal 2024.
- Revenue
- +37.8%
- EPS
- +88.4%
- Free cash flow
- −556.1%
- Total debt
- +30.3%
Quarter to August 2026, against a year earlier
218.73
3.36
+1.56%
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Analyst price targets
Free accountTen years at a glance Fiscal years to November
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Aug ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 14,062 | 16,771 | 19,768 | 19,070 | 19,977 | 31,614 | 62,344 | 57,555 | 58,452 | 62,508 | 75,674 | +18.0% | 80,533 | 89,156 | 97,355 | +15.9% | |
| Gross margin, % | 9.12 | 9.24 | 9.75 | 6.07 | 5.98 | 5.98 | 6.26 | 6.87 | 6.81 | 6.99 | 6.89 | (2.1) pt | ||||||
| EBT | 356 | 463 | 457 | 473 | 436 | 466 | 827 | 790 | 866 | 1,057 | 1,719 | +12.9% | ||||||
| EBT margin, % | 2.53 | 2.76 | 2.31 | 2.48 | 2.18 | 1.48 | 1.33 | 1.37 | 1.48 | 1.69 | 2.27 | (0.8) pt | ||||||
| Net income | 235 | 300 | 300 | 501 | 529 | 395 | 651 | 627 | 689 | 828 | 1,326 | +15.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 357.62 | 423.98 | 479.63 | 376.36 | 392.48 | 507.95 | 654.70 | 621.74 | 683.70 | 761.33 | 955.32 | +8.8% | |||||
| Earnings | 5.91 | 7.54 | 7.23 | 9.79 | 10.28 | 6.28 | 6.79 | 6.72 | 7.99 | 9.99 | 16.46 | +6.0% | ||||||
| Cash flow | 8.26 | 4.47 | 2.44 | 10.85 | 36.04 | 13.01 | (0.52) | 15.20 | 14.24 | 18.66 | (7.80) | +9.5% | ||||||
| Capex | (3.13) | (2.47) | (3.04) | (2.71) | (3.89) | (0.88) | (1.23) | (1.62) | (1.55) | (1.73) | (2.49) | (6.4%) | ||||||
| Free cash flow | 5.12 | 2.00 | (0.60) | 8.14 | 32.15 | 12.13 | (1.75) | 13.58 | 12.70 | 16.92 | (10.29) | +14.2% | ||||||
| Book value | 50.25 | 57.73 | 83.34 | 74.77 | 85.24 | 127.03 | 84.28 | 88.40 | 93.99 | 102.92 | 117.43 | +8.3% | ||||||
| Shares, m | 39 | 40 | 41 | 51 | 51 | 62 | 95 | 93 | 85 | 82 | 80 | +8.5% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 10.12 | 9.24 | 5.79 | 6.44 | 7.99 | 15.80 | 15.07 | 14.68 | 15.26 | 15.15 | 13.29 | 11.6 | |||||
| P/S | 0.17 | 0.16 | 0.09 | 0.17 | 0.21 | 0.20 | 0.16 | 0.16 | 0.18 | 0.20 | 0.23 | 0.2 | ||||||
| P/B | 1.19 | 1.21 | 0.50 | 0.84 | 0.96 | 0.81 | 1.21 | 1.12 | 1.30 | 1.47 | 1.86 | 1.1 | ||||||
| EV/Sales | 0.21 | 0.25 | 0.24 | 0.31 | 0.22 | 0.30 | 0.21 | 0.21 | 0.23 | 0.23 | 0.29 | 0.2 | ||||||
| EV/FCF | 14.51 | 52.21 | (191.21) | 14.51 | 2.68 | 12.69 | (79.94) | 9.69 | 12.24 | 10.53 | (27.12) | (14.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 325 | 177 | 101 | 550 | 1,834 | 810 | (50) | 1,407 | 1,218 | 1,532 | (618) | +18.8% | |||||
| Capex | (123) | (98) | (125) | (137) | (198) | (55) | (117) | (150) | (132) | (142) | (197) | +1.6% | ||||||
| Free cash flow | 201 | 79 | (25) | 412 | 1,636 | 755 | (167) | 1,257 | 1,086 | 1,389 | (815) | +23.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1,518 | 1,699 | 2,209 | 2,846 | 3,139 | 3,501 | 4,072 | 3,346 | 4,103 | 4,329 | 5,287 | +12.3% | |||||
| Net debt | 572 | 1,380 | 3,001 | 2,792 | 210 | 3,142 | 3,581 | 3,049 | 2,848 | 2,175 | 4,772 | +16.0% | ||||||
| Shareholders’ equity | 1,976 | 2,284 | 3,435 | 3,788 | 4,339 | 7,906 | 8,026 | 8,183 | 8,035 | 8,450 | 9,302 | +17.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 4.81 | 4.61 | 3.09 | 4.31 | 4.21 | 1.92 | 2.27 | 2.12 | 2.31 | 2.57 | 3.61 | (2.2) pt | |||||
| ROIC | 9.31 | 8.66 | 5.34 | 4.93 | 7.16 | 3.53 | 5.66 | 6.00 | 6.86 | 8.32 | 9.10 | (1.0) pt | ||||||
| ROE | 12.32 | 13.97 | 10.40 | 13.86 | 13.02 | 6.45 | 8.18 | 7.74 | 8.50 | 10.04 | 14.93 | (2.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 110,000 | 113,600 | 231,600 | 240,900 | 288,800 | 27,000 | 23,500 | 23,000 | 23,000 | 24,000 | — | (15.6%) | |||||
| Revenue/emp, $m | 0.13 | 0.15 | 0.09 | 0.08 | 0.07 | 1.17 | 2.65 | 2.50 | 2.54 | 2.60 | — | +39.8% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2024
| Americas | 34,792 | 59.52% |
|---|---|---|
| Europe | 19,634 | 33.59% |
| APJ | 4,026 | 6.89% |
| Gross margin | 6.81% | |
| Operating margin | 2.04% | |
| Pre-tax margin | 1.48% |
TD SYNNEX Corporation 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% | |
| 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% | Compare |
| 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 | 14.9× | 14.0× | +26.70% | +33.33% | −68.91% | 11.49% | 3.41% |
From the latest earnings call
- CEO Patrick Zammit said distribution and Hyve performed above expectations, while customer and program ramps required working capital that affected near-term cash flow.
- CFO David Jordan said Hyve’s margins should improve as new programs ramp and mature, and he expects the company to generate cash in Q4.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
91.78%
Held by the ten largest
45.29%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 7.82m | 9.77% | −227.99k |
| BlackRock | 7.33m | 9.16% | +34.79k |
| Fidelity (FMR) | 6.44m | 8.06% | +883.27k |
| T. Rowe Price | 2.80m | 3.50% | +2.52m |
| State Street | 2.38m | 2.98% | +22.35k |
| LSV ASSET MANAGEMENT | 2.23m | 2.79% | +91.92k |
| ABRAMS BISON INVESTMENTS, LLC | 2.02m | 2.53% | −470.59k |
| Dimensional Fund Advisors | 1.82m | 2.28% | −858.64k |
| Geode Capital Management | 1.73m | 2.16% | +20.32k |
| Ninety One UK Ltd | 1.65m | 2.06% | −445.61k |
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 13 February 2026
Ownership
Directors and executive officers, together
0.70%
The Vanguard Group100 Vanguard Blvd.Malvern, PA
10.30%
BlackRock, Inc.50 Hudson YardsNew York, NY
8.50%
FMR LLC245 Summer StreetBoston, MA
6.10%
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
TD SYNNEX Corporation (SNX) Latest News
28 Oct
12 Oct
11 Oct
9 Oct
8 Oct
7 Oct
29 Sep
SNX 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
TD SYNNEX is a global technology distributor and solutions provider. It buys products from technology manufacturers and makes them available to businesses that resell, integrate or manage technology for their own customers. Those customers include retailers, IT resellers, system integrators and managed service providers.
Its catalog covers everyday devices such as personal computers, phones and printers, as well as servers, storage, networking, security and cloud software. Customers can combine products from different vendors with services that help them configure, deliver and support technology systems. TD SYNNEX also helps vendors reach a fragmented market of smaller businesses through its reseller network.