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. In the quarter to August 2026, revenue grew 37.8%, EPS grew 88.4%, free cash flow fell 556.1% and total debt rose 30.3%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
Follow SNX
TD SYNNEX Corporation (SNX) Piotroski F-score
TD SYNNEX Corporation's Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 7 | 0.00 |
| FY2024 | 7 | 1.00 |
| FY2023 | 6 | 0.00 |
| FY2022 | 6 | 2.00 |
| FY2021 | 4 | 0.00 |
| FY2020 | 4 | (2.00) |
| FY2019 | 6 | 2.00 |
| FY2018 | 4 | 1.00 |
| FY2017 | 3 | (3.00) |
| FY2016 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 2.57% | 2.31% | Pass | 1 |
| Positive operating cash flow | 1.53b | 1.22b | Pass | 1 |
| Rising return on assets | 2.57% | 2.31% | Pass | 1 |
| Cash flow above net income | 704.04m | 528.63m | Pass | 1 |
| Falling long-term leverage | 0.11 | 0.13 | Pass | 1 |
| Rising current ratio | 1.21 | 1.24 | Fail | 0 |
| No new shares issued | 82,104,000 | 85,494,000 | Pass | 1 |
| Rising gross margin | 6.99% | 6.81% | Pass | 1 |
| Rising asset turnover | 1.94 | 1.96 | Fail | 0 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| SCSC ScanSource, Inc. compare | 8 |
| IZM ICZOOM Group Inc. compare | 7 |
| SNX TD SYNNEX Corporation | 7 |
| NSIT Insight Enterprises, Inc. compare | 6 |
| CLMB Climb Global Solutions, Inc. compare | 6 |
| TAIT Taitron Components Incorporated compare | 5 |
| AVT Avnet, Inc. compare | 5 |
| CNXN PC Connection, Inc. compare | 5 |
| ARW Arrow Electronics, Inc. compare | 5 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover