ARW

MKT CAP:$10B

Arrow Electronics, Inc.

Market Cap

$10B

Technology·Technology Distributors·🇺🇸 United States·NYSE

Technology·Technology·🇺🇸·NYSE

Stock Price

$175.63+$62.59 (+55.37%)

Apr 17, 2026

Company Details

Arrow Electronics, Inc. provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The co...

CEO

William F. Austen

IPO Date

Mar 17, 1980

Website

www.arrow.com

Key Metrics TTM

Revenue

$28.9B

-21.4% YoY

Net Income

$477M

EPS (Diluted)

$9.07

Free Cash Flow

-$74M

Revenue / Share

$554.84

Gross Margin

11.2%

Operating Margin

2.4%

Net Margin

1.6%

FCF Margin

-0.3%

P/S

0.3x

P/E

20.3x

Earnings Reports

Q4 2025

May 7, 2026

PENDING

FY 2025

Feb 10, 2026

$30.9B+10.5%EPS $10.93

Q3 2025

Oct 30, 2025

$7.7B+13.0%EPS $2.09

Q2 2025

Jul 31, 2025

$7.6BEPS $3.59

Q1 2025

May 1, 2025

$6.8BEPS $1.51

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$7.3B	$815M	-$549M
Q4 19	$7.3B	$823M	$238M
Q2 20	$6.6B	$750M	$197M
Q3 20	$7.2B	$789M	$238M
Q4 20	$8.5B	$924M	$321M
Q1 21	$8.4B	$930M	$300M
Q2 21	$8.6B	$1.0B	$341M
Q3 21	$8.5B	$1.1B	$405M
Q4 21	$9.0B	$1.2B	$512M
Q1 22	$9.1B	$1.2B	$510M
Q2 22	$9.5B	$1.2B	$533M
Q3 22	$9.3B	$1.2B	$503M
Q3 24	$6.8B	$785M	$175M
Q1 25	$6.8B	$774M	$159M
Q2 25	$7.6B	$849M	$191M
Q3 25	$7.7B	$835M	$179M

Valuation

Quarter	P/S	P/E
Q2 19	0.4x	—
Q4 19	0.4x	—
Q2 20	0.3x	—
Q3 20	0.3x	—
Q4 20	0.3x	15.0x
Q1 21	0.3x	13.1x
Q2 21	0.3x	11.4x
Q3 21	0.3x	10.0x
Q4 21	0.3x	8.7x
Q1 22	0.3x	7.6x
Q2 22	0.3x	6.9x
Q3 22	0.3x	6.7x
Q3 24	0.3x	8.2x
Q1 25	0.3x	10.8x
Q2 25	0.3x	13.6x
Q3 25	0.3x	20.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	$405M	$358M
Q4 19	$495M	$457M
Q2 20	$418M	$387M
Q3 20	$275M	$245M
Q4 20	$200M	$165M
Q1 21	-$5M	-$25M
Q2 21	$281M	$260M
Q3 21	$114M	$93M
Q4 21	$28M	$7M
Q1 22	-$200M	-$220M
Q2 22	-$83M	-$100M
Q3 22	$141M	$123M
Q3 24	$81M	$62M
Q1 25	$352M	$327M
Q2 25	-$206M	-$225M
Q3 25	-$282M	-$238M

Capital Expenditures

Quarter	CapEx
Q2 19	$48M
Q4 19	$38M
Q2 20	$32M
Q3 20	$30M
Q4 20	$35M
Q1 21	$20M
Q2 21	$21M
Q3 21	$21M
Q4 21	$21M
Q1 22	$19M
Q2 22	$17M
Q3 22	$19M
Q3 24	$19M
Q1 25	$25M
Q2 25	$19M
Q3 25	$44M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	+34.1%	+34.1%
Q2 20	+11.3%	+11.7%
Q3 20	+12.2%	+13.0%
Q4 20	+15.1%	+3.0%
Q1 21	+14.3%	+13.9%
Q2 21	+29.6%	+28.3%
Q3 21	+17.7%	+15.9%
Q4 21	+6.6%	+4.6%
Q1 22	+8.2%	+5.9%
Q2 22	+10.5%	+8.6%
Q3 22	+8.9%	+8.1%
Q3 24	-24.3%	-21.8%
Q1 25	-24.9%	-22.3%
Q2 25	-19.9%	-17.2%
Q3 25	-16.8%	-14.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$9M	0.1%
Q4 19	$6M	0.1%
Q2 20	$8M	0.1%
Q3 20	$6M	0.1%
Q4 20	$7M	0.1%
Q1 21	$13M	0.2%
Q2 21	$9M	0.1%
Q3 21	$8M	0.1%
Q4 21	$7M	0.1%
Q1 22	$17M	0.2%
Q2 22	$14M	0.1%
Q3 22	$4M	0.0%
Q3 24	$8M	0.1%
Q1 25	$19M	0.3%
Q2 25	$12M	0.2%
Q3 25	-$10M	-0.1%

OpEx Breakdown

Quarter	G&A
Q2 19	$600M
Q4 19	$535M
Q2 20	$503M
Q3 20	$504M
Q4 20	$546M
Q1 21	$576M
Q2 21	$604M
Q3 21	$627M
Q4 21	$634M
Q1 22	$645M
Q2 22	$654M
Q3 22	$635M
Q3 24	$535M
Q1 25	$563M
Q2 25	$602M
Q3 25	$589M

Revenue Segments

Quarter	Global Components	Global ECS
Q2 20	$4.7B	$1.9B
Q3 20	$5.3B	$1.9B
Q1 21	$6.4B	$1.9B
Q2 21	$6.6B	$2.0B
Q3 21	$6.6B	$1.9B
Q1 22	$7.2B	$1.9B
Q2 22	$7.5B	$2.0B
Q3 22	$7.3B	$2.0B
Q3 24	$4.9B	$1.9B
Q1 25	$4.8B	$2.0B
Q2 25	$5.3B	$2.3B
Q3 25	$5.6B	$2.2B

Revenue by Geography

Quarter	China	Germany	Other Foreign	United States	China and Hong Kong
Q1 25	$926M	$717M	$2.9B	$2.3B	—
Q2 25	—	$793M	$3.1B	$2.6B	$1.1B
Q3 25	—	$821M	$3.1B	$2.6B	$1.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$243M	$0	$243M
Q2 22	$226M	$0	$226M
Q3 22	$334M	$0	$334M
Q4 22	$177M	$0	$177M
Q1 23	$206M	$0	$206M
Q2 23	$240M	$0	$240M
Q3 23	$333M	$0	$333M
Q4 23	$218M	$0	$218M
Q1 24	$243M	$0	$243M
Q2 24	$213M	$0	$213M
Q3 24	$248M	$0	$248M
Q4 24	$189M	$0	$189M
Q1 25	$232M	$0	$232M
Q2 25	$222M	$0	$222M
Q3 25	$214M	$0	$214M
Q4 25	$306M	$0	$306M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	85M	-6.5%	—
Q4 19	82M	-2.6%	-11.1%
Q2 20	79M	-4.0%	-13.8%
Q3 20	78M	-1.4%	-13.8%
Q4 20	77M	-1.9%	-9.5%
Q1 21	76M	-1.0%	-8.1%
Q2 21	75M	-1.6%	-5.8%
Q3 21	73M	-2.7%	-7.1%
Q4 21	71M	-2.8%	-7.9%
Q1 22	69M	-2.6%	-9.3%
Q2 22	67M	-2.8%	-10.4%
Q3 22	65M	-2.8%	-10.5%
Q3 24	53M	-17.7%	-24.2%
Q1 25	53M	-1.5%	-23.4%
Q2 25	53M	0.0%	-21.2%
Q3 25	52M	-1.0%	-19.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	$365.4K	20K
Q4 19	$380.2K	19K
Q2 20	$342.3K	19K
Q3 20	$374.7K	19K
Q4 20	$431.3K	20K
Q1 21	$427.9K	20K
Q2 21	$436.9K	20K
Q3 21	$434.3K	20K
Q4 21	$435.6K	21K
Q1 22	$438.4K	21K
Q2 22	$457.0K	21K
Q3 22	$447.7K	21K
Q3 24	$308.7K	22K
Q1 25	$316.6K	22K
Q2 25	$352.2K	22K
Q3 25	$358.4K	22K

Revenue / Employee