What is Avnet's invested capital?

Avnet (AVT) reported invested capital of $7.92B in Q1 2026.

How has Avnet's invested capital changed year-over-year?

Avnet's invested capital increased by 5.2% year-over-year, from $7.53B to $7.92B.

What is the long-term trend for Avnet's invested capital?

Over 4 years (2021 to 2025), Avnet's invested capital has grown at a 9.3% compound annual growth rate (CAGR), from $5.4B to $7.7B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Avnet AVT Invested capital

Discontinued — last reported Q3 '26

Invested capital at other companies

Molson Coors Beverage CompanyTAP

-13.1%-19.2pp

National Fuel GasNFG

13.8%—

Tetra TechTTEK

16.9%+8.8pp

Landstar SystemLSTR

21.3%-6.0pp

Rigetti Computing, Inc.RGTI

-24.7%-8.4pp

Cleveland-CliffsCLF

-9.1%-0.9pp

Other financials

Income statement

See full

Revenue$7.1B+33.9%

Gross profit$739.1M+25.7%

Operating income$205.5M+43.5%

Net income$94.3M+7.3%

EPS (diluted)$1.14+12.9%

Balance sheet

See full

Cash & equivalents$202.4M+7.2%

Total debt$3.2B+12.0%

Total equity$5.0B+1.4%

Total assets$13.5B+15.2%

Cash flow

See full

Operating cash flow$208.2M-38.4%

CapEx$16.9M-36.9%

Free cash flow-$70.7M-162%

Valuation

See full

Market cap$7.5B+21.3%

Enterprise value$10.47B+17.8%

P/E35.1×+15.5×

P/S0.3×0.0×

Profitability

See full

Gross margin10.5%-0.5pp

Operating margin2.3%-0.5pp

Net margin0.9%-0.6pp

FCF margin0.1%-3.2pp

Returns & leverage

See full

Return on equity4.3%-2.1pp

Debt / equity0.6×+0.1×

Current ratio2×-0.4×

Where this comes from

Calculated from Avnet’s reported figures.

$3.2Btotal debt+$5.0Btotal stockholders equity−$202.4Mcash and equivalents=$7.92B

The official record: Avnet’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Avnet's invested capital?: Avnet (AVT) reported invested capital of $7.92B in Q1 2026.
How has Avnet's invested capital changed year-over-year?: Avnet's invested capital increased by 5.2% year-over-year, from $7.53B to $7.92B.
What is the long-term trend for Avnet's invested capital?: Over 4 years (2021 to 2025), Avnet's invested capital has grown at a 9.3% compound annual growth rate (CAGR), from $5.4B to $7.7B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).