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 $17.2B against $9.0B — 1.9× the size. Arrow Electronics, Inc. trades at the lower P/E: 9.1× against 13.3×. Arrow Electronics, Inc. grew revenue faster over the last twelve months: 32.5% against 24.1%. Arrow Electronics, Inc. has the higher net margin (2.62% vs 1.75%) and the higher return on invested capital (9.33% vs 9.10%). Across the 21 metrics below, Arrow Electronics, Inc. leads on 14 and TD SYNNEX Corporation on 7.

Valuation

Metric ARW SNX Electronics & Computer Distribution median
P/E 9.06 13.29 13.29
P/S 0.24 0.23 0.38
P/B 1.27 1.86 1.58
Price to free cash flow 13.75 n/m 17.66
EV/EBITDA 7.13 8.94 10.46
EV/Sales 0.30 0.29 0.33
Earnings yield 11.04% 7.52% 6.77%
Free cash flow yield 7.27% (4.70%) 2.07%

Profitability

Metric ARW SNX Electronics & Computer Distribution median
Gross margin 11.26% 6.89% 14.23%
Operating margin 3.76% 2.71% 2.99%
Net margin 2.62% 1.75% 1.99%
Free cash flow margin 1.72% (1.08%) 0.71%
Return on equity 14.86% 14.93% 9.15%
Return on assets 2.93% 3.61% 3.52%
Return on invested capital 9.33% 9.10% 8.25%

Growth

Metric ARW SNX Electronics & Computer Distribution median
Revenue growth (TTM) 32.46% 24.11% 14.77%
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 0.38 0.59 0.37
Current ratio 1.20 1.19 1.39
Net debt to EBITDA 2.81 1.19 1.23

Dividend

Metric ARW SNX Electronics & Computer Distribution median
Dividend yield — 0.88% 0.95%
Payout ratio — 0.12 0.19

Size

Metric ARW SNX Electronics & Computer Distribution median
Market cap 9.01b 17.18b 1.46b

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