AVT vs CNXN: Avnet and PC Connection compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Avnet is the larger company, worth $7.8B, about 3.2 times PC Connection.
- Avnet grew revenue faster over the last year (+47.7% vs +12.4%).
- PC Connection keeps more of each dollar of revenue as operating profit (3.9% vs 2.6%).
- On earnings, PC Connection is the cheaper stock (28.3x vs 36.6x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AVT | CNXN |
|---|---|---|
| Market cap | $7.8B | $2.5B |
| Share price | $99.36 | $92.81 |
| Revenue (last fiscal year) | $27.6B | $2.9B |
| Free cash flow (last fiscal year) | -$354M | $58M |
| Revenue growth, last year | +47.7% | +12.4% |
| Revenue growth per year, last 5 fiscal years | +3.3% | -0.2% |
| Operating margin | 2.6% | 3.9% |
| Net margin | 1.2% | 3.2% |
| Return on equity | 6.7% | 10.1% |
| P/E (trailing) | 36.6x | 28.3x |
| Price / free cash flow | 13.5x | 42.2x |
| EV / EBITDA | 13.7x | 14.6x |
| FCF growth the price implies | — | 14.8% |
| Dividend yield | 1.4% | 0.68% |
| Debt / equity | 2.07x | 0.50x |
| Fundamental grade | C | C |
| Superinvestors holding it | 7 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Avnet
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $24.3B | -$268M | 3.9% |
| 2023 | $26.5B | -$908M | 4.5% |
| 2024 | $23.8B | $464M | 3.6% |
| 2025 | $22.2B | $577M | 2.3% |
| 2026 | $27.6B | -$354M | 2.6% |
PC Connection
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.9B | $47M | 3.3% |
| 2022 | $3.1B | $26M | 3.9% |
| 2023 | $2.9B | $188M | 3.6% |
| 2024 | $2.8B | $166M | 3.5% |
| 2025 | $2.9B | $58M | 3.5% |
Where the revenue comes from
Avnet · by segments, 2026
Electronic Components$25.9B94%
Farnell$1.8B6%
PC Connection · by segments, 2025
Enterprise Solutions$1.3B45%
Business Solutions$1.1B38%
Public Sector Solutions$508M18%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open AVT in InvestinglyQuestions
Which is bigger, Avnet or PC Connection?
Avnet (AVT), at $7.8B against $2.5B.
Is AVT or CNXN cheaper?
By trailing P/E, PC Connection (28.3x) is cheaper than Avnet (36.6x). A lower multiple can also mean the market expects less growth.
Which grows faster, AVT or CNXN?
Avnet: revenue grew +47.7% over the last year, against +12.4%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.