What is TD SYNNEX's free cash flow margin?

TD SYNNEX (SNX) reported free cash flow margin of 3.1% in Q4 2023.

What does free cash flow margin mean?

How much real, spendable cash each sales dollar generates after reinvestment.

How do you interpret free cash flow margin?

A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.

How does free cash flow margin compare across companies?

Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.

TD SYNNEX SNX Free cash flow margin

Free cash flow margin at other companies

Flex Ltd.FLEX

3.8%-0.4pp

JabilJBL

3.9%-0.7pp

CelesticaCLS

3.6%+0.3pp

Broadcom Inc.AVGO

43.4%+3.6pp

Dell TechnologiesDELL

7%+3.1pp

Super Micro Computer, Inc.SMCI

-20.3%—

Other financials

Income statement

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Revenue$17.2B+18.1%

Gross profit$1.3B+25.5%

Operating income$489.4M+60.7%

Net income$326.9M+95.1%

EPS (diluted)$4.04+104%

Balance sheet

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Cash & equivalents$1.6B+188%

Total debt$4.7B+9.1%

Total equity$8.8B+9.1%

Total assets$35.1B+21.8%

Cash flow

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Operating cash flow-$895.9M-19.8%

CapEx$33.1M-20.2%

Free cash flow-$929.0M-17.7%

Valuation

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Market cap$22.88B+9.0%

Enterprise value$26.04B+2.7%

P/E23.2×-7.5×

P/S0.4×0.0×

Profitability

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Gross margin7.1%+0.4pp

Operating margin2.5%+0.4pp

Net margin1.5%+0.4pp

Returns & leverage

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Return on equity11.7%+3.3pp

Debt / equity0.5×0.0×

Current ratio1.2×-0.1×

Where this comes from

Calculated from TD SYNNEX’s reported figures.

free cash flow/total revenue=3.1%

Based on trailing twelve months.

The official record: TD SYNNEX’s 10-Q, filed April 4, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is TD SYNNEX's free cash flow margin?: TD SYNNEX (SNX) reported free cash flow margin of 3.1% in Q4 2023.
What does free cash flow margin mean?: How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?: A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?: Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.