Company / Gross Margin
Avnet Gross Margin History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
11.6%
FY2024
5-year range
11.5% / 12.2%
FY2020-FY2024
Trend
-2.9%
vs FY2023
Sector context
#212 of 225
Information Technology
What the data says
Among 225 Information Technology companies, Avnet is in the bottom 6% for gross margin. Gross Margin has fluctuated over the past 9 years, ranging from 11.5% in FY2021 to 13.6% in FY2017.
Based on SEC 10-K filings.
11.6% in FY2024 with a 5-year CAGR of -0.1%.
Declined from 12.2% to 11.6% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +0.2pp
- 5-Year Change
- -0.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 6% in Information TechnologyTop 94% of 225This company 11.6% Sector average 53.6%
▼
-78.3% below sector average
Key checks
Key Insights
- In FY2024, gross margin decreased 2.9% year-over-year.
- Currently 42.0pp below the Information Technology sector average.
- Peak gross margin was recorded in FY2017.
- Lowest gross margin in the period was in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.88 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | 11.6% | -2.9% |
| FY2023 | 12.0% | -1.7% |
| FY2022 | 12.2% | +6.4% |
| FY2021 | 11.5% | -2.0% |
| FY2020 | 11.7% | +0.0% |
| FY2019 | 11.7% | -8.2% |
| FY2018 | 12.7% | -6.3% |
| FY2017 | 13.6% | +9.5% |
| FY2016 | 12.4% | +8.6% |
As of FY2024 · SEC 10-K · Updated Mar 28, 2026