Company / Income Tax
Avnet Income Tax History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$133.6M
FY2024
5-year range
-$20.2M / $212.0M
FY2020-FY2024
Trend
-37.0%
vs FY2023
Sector context
#59 of 307
Information Technology
What the data says
Avnet's income tax of $134M is higher than 81% of companies in the Information Technology sector (FY2024). Income Tax has fluctuated over the past 9 years, ranging from -$99M in FY2020 to $212M in FY2023.
Based on SEC 10-K filings.
$134M in FY2024. Top quartile in the Information Technology sector.
Improved from $141M to $134M over the past 2 years.
Information Technology sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 19% in Information TechnologyTop 81% of 307This company $133.6M Sector average $267.8M
▼
-50.1% below sector average
Key checks
Key Insights
- In FY2024, income tax decreased 37.0% year-over-year.
- Ranks #59 out of 307 companies in the Information Technology sector.
- Peak income tax was recorded in FY2023.
- Lowest income tax in the period was in FY2020.
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 | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $133.6M | -37.0% |
| FY2023 | $212.0M | +50.4% |
| FY2022 | $141.0M | +798.3% |
| FY2021 | -$20.2M | +79.5% |
| FY2020 | -$98.5M | +0.0% |
| FY2019 | -$98.5M | -263.5% |
| FY2018 | $60.3M | +28.1% |
| FY2017 | $47.1M | -46.0% |
| FY2016 | $87.1M | -38.2% |
As of FY2024 · SEC 10-K · Updated Mar 28, 2026