TD SYNNEX CORP SNX
We are a Fortune 100 corporation and a leading global distributor and solutions aggregator for the information technology ("IT") ecosystem. We serve a critical role, bringing products from the world's leading and emerging technology vendors to market, and helping our customers create solutions best suited to maximize business outcomes for their end-user customers. We aggregate and distribute IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. We also design and deliver purpose-built server, storage and networking solutions for the hyperscale computing infrastructure market. We operate in three reportable segments based on our geographic regions: the Americas, Europe and Asia-Pacific and Japan ("APJ").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.51B | $58.45B | $57.56B | $62.34B | $31.61B | $19.98B | $19.07B | $17.32B | $16.77B | $14.06B |
| Cost of revenue | $58.14B | $54.47B | $53.60B | $58.44B | $29.72B | $18.78B | $17.91B | $16.33B | $1.23B | $963.4M |
| Gross profit | $4.37B | $3.98B | $3.96B | $3.90B | $1.89B | $1.19B | $1.16B | $996.6M | $1.55B | $1.28B |
| SG&A | $2.95B | $2.72B | $2.67B | $2.63B | $1.15B | $665.1M | $636.8M | $591.1M | $1.04B | $903.4M |
| Operating income | $1.41B | $1.19B | $1.08B | $1.05B | $623.2M | $521.3M | $519.4M | $405.5M | $507.3M | $379.6M |
| Interest expense | $356.6M | $319.5M | $288.3M | — | — | — | — | — | $47.4M | $31.1M |
| Pre-tax income | $1.06B | $866.0M | $789.5M | $827.1M | $466.5M | $436.1M | $473.3M | $345.7M | $463.1M | $356.1M |
| Income tax | $229.6M | $176.9M | $162.6M | $175.8M | $71.4M | $101.6M | $111.1M | $101.1M | $162.9M | $121.1M |
| Net income | $827.7M | $689.1M | $626.9M | $651.3M | $395.1M | $529.2M | $500.7M | $300.0M | $300.2M | $234.9M |
| EPS, basic | 9.99 | 7.99 | 6.72 | 6.79 | 6.28 | 10.28 | 9.79 | 7.21 | 7.52 | 5.91 |
| EPS, diluted | 9.95 | 7.95 | 6.70 | 6.77 | 6.24 | 10.21 | 9.74 | 7.17 | 7.48 | 5.88 |
| Shares, diluted (wtd. avg.) | $82.4M | $85.9M | $92.9M | $95.5M | $62.7M | $51.2M | $50.9M | $41.5M | $39.8M | $39.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.44B | $1.06B | $1.03B | $522.6M | $994.0M | $1.41B | $225.5M | $462.0M | $556.7M | $387.2M |
| Short-term investments | — | — | — | — | — | — | — | $2.6M | $5.5M | $5.1M |
| Receivables | $11.71B | $10.34B | $10.30B | $9.42B | $8.31B | $2.79B | $3.93B | $3.64B | $2.85B | $1.76B |
| Inventory | $9.50B | $8.29B | $7.15B | $9.07B | $6.64B | $2.68B | $2.55B | $2.39B | $2.16B | $1.74B |
| Total current assets | $25.29B | $21.32B | $20.08B | $20.50B | $17.73B | $8.77B | $7.45B | $7.16B | $5.74B | $4.00B |
| Property, plant and equipment | $496.3M | $457.0M | $450.0M | $421.1M | $483.4M | $157.6M | $569.9M | $571.3M | $346.6M | $312.7M |
| Goodwill | $4.10B | $3.90B | $3.90B | $3.80B | $3.92B | $423.9M | $2.25B | $2.20B | $872.6M | $486.2M |
| Other intangibles | $3.77B | $3.91B | $4.24B | $4.42B | $4.91B | $186.0M | $1.16B | $1.38B | $583.1M | $298.6M |
| Total assets | $34.25B | $30.27B | $29.41B | $29.73B | $27.67B | $13.47B | $11.70B | $11.54B | $7.76B | $5.22B |
| Accounts payable | $17.62B | $15.08B | $13.35B | $13.99B | $12.03B | $3.75B | $3.15B | $3.05B | $2.63B | $1.68B |
| Short-term debt | $1.02B | $171.1M | $983.6M | $268.1M | $181.3M | $125.0M | $299.0M | $833.2M | $805.5M | $362.9M |
| Total current liabilities | $20.96B | $17.22B | $16.74B | $16.43B | $14.23B | $5.63B | $4.61B | $4.95B | $4.04B | $2.48B |
| Long-term debt | — | — | — | — | — | — | — | — | $1.14B | $601.1M |
| Total liabilities | $25.80B | $22.24B | $21.23B | $21.71B | $19.76B | $9.13B | $7.91B | $8.11B | $5.41B | $3.24B |
| Retained earnings | $3.44B | $2.76B | $2.20B | $1.71B | $1.17B | $3.13B | $2.62B | $2.20B | $1.95B | $1.70B |
| Total equity | $8.45B | $8.04B | $8.18B | $8.03B | $7.91B | $4.34B | $3.79B | $3.44B | $2.29B | $1.98B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.53B | $1.22B | $1.41B | -$49.6M | $809.8M | $1.83B | $549.9M | $100.7M | $176.8M | $324.7M |
| Depreciation and amortisation | $414.2M | $407.5M | $418.3M | $463.4M | $151.7M | $341.6M | $372.1M | $225.3M | $159.9M | $121.3M |
| Stock-based compensation | $66.4M | $69.2M | $85.0M | $91.2M | $53.2M | $33.2M | $28.0M | $22.7M | $17.4M | $14.0M |
| Capital expenditure | $142.3M | $175.1M | $150.0M | $117.0M | $54.9M | $26.6M | $137.4M | $125.3M | $97.5M | $123.2M |
| Investing cash flow | -$221.2M | -$193.8M | -$156.4M | -$115.5M | -$952.3M | -$209.5M | -$146.8M | -$1.18B | -$654.3M | -$531.9M |
| Financing cash flow | -$32.9M | -$953.1M | -$785.9M | -$275.6M | -$392.6M | -$291.7M | -$631.7M | $1.00B | $638.7M | $180.2M |
| Dividends paid | $146.4M | $138.1M | $130.4M | $114.9M | $50.3M | $20.8M | $76.6M | $59.7M | $41.8M | $33.7M |
| Buybacks | $596.1M | $611.9M | $620.7M | $125.0M | $0 | $3.4M | $15.2M | $66.0M | $0 | $6.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-003598.
Others in SIC 5045
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| INGM | Ingram Micro Holding Corp | $6.65B | 20.7x | 9.5% |
| PLUS | EPLUS INC | $2.40B | 18.3x | 22.1% |
| CNXN | PC CONNECTION INC | $2.13B | 25.8x | 2.5% |
| SCSC | SCANSOURCE, INC. | $1.18B | 16.1x | 6.1% |
| CLMB | Climb Global Solutions, Inc. | $544.3M | 6.3x | 40.1% |
| CGTL | Creative Global Technology Holdings Ltd | — | — | -40.6% |
| PN | PN Smart Energy Ltd | — | — | 27.0% |