Arrow Electronics, Inc. (ARW) vs TD SYNNEX Corporation (SNX)

Arrow Electronics, Inc. and TD SYNNEX Corporation are both Electronics & Computer Distribution companies. TD SYNNEX Corporation is the larger, with a market value of $20.4B against $11.2B — 1.8× the size. Arrow Electronics, Inc. trades at the lower P/E: 13.6× against 15.0×. Arrow Electronics, Inc. grew revenue faster over the last twelve months: 26.1% against 24.1%. Arrow Electronics, Inc. has the higher net margin (2.26% vs 1.75%) and the lower return on invested capital (8.41% vs 9.10%). Across the 21 metrics below, Arrow Electronics, Inc. leads on 13 and TD SYNNEX Corporation on 8.

Valuation

Metric ARW SNX Electronics & Computer Distribution median
P/E 13.59 14.99 16.80
P/S 0.31 0.26 0.48
P/B 1.56 2.10 1.83
Price to free cash flow 13.34 n/m 13.78
EV/EBITDA 9.44 9.84 10.55
EV/Sales 0.36 0.32 0.40
Earnings yield 7.36% 6.67% 5.24%
Free cash flow yield 7.50% (4.17%) 3.11%

Profitability

Metric ARW SNX Electronics & Computer Distribution median
Gross margin 11.30% 6.89% 14.67%
Operating margin 3.37% 2.71% 2.89%
Net margin 2.26% 1.75% 2.35%
Free cash flow margin 2.30% (1.08%) 1.72%
Return on equity 12.03% 14.93% 9.56%
Return on assets 2.59% 3.61% 3.10%
Return on invested capital 8.41% 9.10% 7.54%

Growth

Metric ARW SNX Electronics & Computer Distribution median
Revenue growth (TTM) 26.05% 24.11% 6.09%
EPS growth (last fiscal year) 49.93% 25.16% 17.81%
Revenue growth, 5-year CAGR 1.48% 25.63% 1.79%
Net income growth, 5-year CAGR (0.45%) 9.36% 4.24%

Health

Metric ARW SNX Electronics & Computer Distribution median
Debt to equity 0.31 0.59 0.24
Current ratio 1.22 1.19 1.40
Net debt to EBITDA 2.81 1.19 1.23

Dividend

Metric ARW SNX Electronics & Computer Distribution median
Dividend yield — 0.96% 0.96%
Payout ratio — 0.14 0.20

Size

Metric ARW SNX Electronics & Computer Distribution median
Market cap 11.21b 20.35b 1.76b

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