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Global distributor of electronic components and enterprise computing products, connecting manufacturers to businesses.
Global distributor of electronic components and enterprise computing products, connecting manufacturers to businesses.
Buys components in bulk from manufacturers and resells them to equipment makers, earning a small spread on each sale and tying up cash in inventory and receivables. Components are the larger of its two businesses; the enterprise computing side resells servers, storage and software to IT resellers.
Moat: narrow (scale, distribution, switching costs). Broad supplier/customer network and logistics scale are costly to replicate.
Headquarters: Centennial, Colorado, US · Founded: 1935 · Employees: 22,230
Size Arrow Electronics (ARW) is a United States Information Technology company (Electronics Distributors) with a market value of $9.22B, the 813th largest of 3,117 United States companies the cockpit tracks. Shares closed at $181.09 on 6 Nov 2026.
Performance Over six months the shares fell 7.1%, against -8.5% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 16 in its peer set.
Growth Revenue grew 26.1% over the last twelve months (peer median +36.1%); the operating margin is 3.8% (peer median 3.9%).
Valuation It trades at 7.4× forward earnings against a peer median of 12.8× (4th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (9.8% WACC).
Credit Arrow Electronics has 5 bonds outstanding ($2.11B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 112 bp.
Short interest Short interest is 2.6% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $35.9B | $30.9B | $27.9B | $33.1B | $37.1B |
| Revenue growth | — | +10% | -16% | -11% | — |
| Gross profit | $3.92B | $3.33B | $3.13B | $3.97B | $4.65B |
| EBITDA | $1.49B | $1.08B | $1.07B | $1.74B | $2.27B |
| Net income | $812M | $571M | $392M | $904M | $1.43B |
| Free cash flow | $825M | -$37.2M | $1.04B | $622M | -$112M |
| Capital expenditure | $111M | $101M | $92.7M | $83.3M | $78.8M |
| Total debt | $2.17B | $3.35B | $3.39B | $4.09B | $4.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
| Avnet AVT | $6.52B | -3% | +44% | 4% | 5.5× | n/a |
| TD SYNNEX SNX | $17.4B | -9% | +24% | 3% | 9.3× | n/a |
| WPG 3702.TW | $4.78B | -12% | +29% | 2% | 4.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ARW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.1% | -13.0% | 5th lowest of 16 |
| 6-month return | -7.1% | -8.5% | 8th highest of 16 |
| Distance from 52-week high | -27.4% | -30.9% | 8th highest of 16 |
| Revenue growth (TTM) | +26.1% | +36.1% | 6th lowest of 16 |
| Operating margin | 3.8% | 3.9% | 8th lowest of 16 |
| Forward P/E | 7.4× | 12.8× | 4th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 0.1% | -5.7% | 3rd most demanding of 8 |
| Growth delivered (Del g) | +1.5% | +8.4% | 2nd lowest of 8 |
| Hurdle (Req g minus delivered) | -1.4 pp | -11.7 pp | 2nd most demanding of 8 |
| ROIC minus cost of capital | +1.9 pp | +4.1 pp | 7th lowest of 16 |
| Net debt / EBITDA | 1.3× | 1.4× | 6th least indebted of 12 |
| Bond spread | 112 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Arrow Electronics ARW | United States | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% | +1.5% |
| WT Microelectronics 3036.TW | Taiwan | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% | +27.2% |
| Avnet AVT | United States | $6.52B | -3% | +44% | 4% | 5.5× | n/a | n/a |
| Puya Semiconductor (Shanghai) 688766.SS | China | $5.30B | -12% | +323% | 37% | 13.0× | 15.2% | +26.5% |
| Canon Marketing Japan 8060.T | Japan | $5.26B | +5% | +3% | 10% | 17.1× | -7.2% | +4.5% |
| TD SYNNEX SNX | United States | $17.4B | -9% | +24% | 3% | 9.3× | n/a | n/a |
| WPG 3702.TW | Taiwan | $4.78B | -12% | +29% | 2% | 4.4× | n/a | n/a |
| Synnex Technology International 2347.TW | Taiwan | $4.26B | +3% | +36% | 2% | 7.8× | n/a | n/a |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
Arrow Electronics has 5 bonds outstanding with $2.11B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.67%, a spread of 112 bp over government bonds.