Broadcom Inc. (AVGO) 10-Year Financial Performance & Capital Metrics

AVGO •

TechnologySemiconductorsAnalog, Mixed-Signal and RF Chips

AboutBroadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. The company is headquartered in San Jose, California and currently employs 19,000 full-time employees. The firm operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The company offers a range of products that are used in end-products, such as enterprise and data center networking, home connectivity, set-top boxes, telecommunication equipment, smartphones, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Its product portfolio ranges from discrete devices to complex sub-systems that include multiple device types, and also includes firmware for interfacing between analog and digital systems. Its products include mechanical hardware that interfaces with optoelectronic or capacitive sensors.Show more

Revenue $63.89B +23.9%
EBITDA $35.49B +51.2%
Net Income $23.13B +292.3%
EPS (Diluted) 4.77 +287.8%
Gross Margin 67.77% +7.5%
EBITDA Margin 55.56% +22.1%
Operating Margin 39.89% +52.8%
Net Margin 36.2% +216.7%
ROE 31.05% +141.4%
ROIC 14.92% +29.6%
Debt/Equity 0.80 -19.7%
Interest Coverage 7.94 +133.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 40.5%
✓Strong 5Y profit CAGR of 16.7%
✓FCF machine: 42.1% free cash flow margin
✓15 consecutive years of dividend growth
✓Strong 5Y sales CAGR of 17.9%
✓Healthy 5Y average net margin of 24.5%

✗Weaknesses

✗Shares diluted 11.9% in last year
✗Expensive at 19.1x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y25.07%

5Y21.74%

3Y24.38%

TTM19.04%

Profit (Net Income) CAGR

10Y32.72%

5Y50.86%

3Y26.24%

TTM160.02%

EPS CAGR

10Y25.55%

5Y49.91%

3Y21.64%

TTM158.7%

ROCE

10Y Avg11.35%

5Y Avg17.47%

3Y Avg18.03%

Latest16.9%

Peer Comparison

Analog, Mixed-Signal and RF Chips

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QRVOQorvo, Inc.	7.68B	82.90	142.93	-1.34%	9.11%	9.21%	6.31%	0.46
ALABAstera Labs, Inc. Common Stock	20.23B	118.83	97.40	115.13%	25.7%	16.07%	1.39%
ADIAnalog Devices, Inc.	173.7B	355.79	78.02	16.89%	23.02%	8.01%	2.46%	0.26
AVGOBroadcom Inc.	1.52T	319.55	66.99	23.87%	36.2%	28.45%	1.78%	0.80
TXNTexas Instruments Incorporated	192.5B	212.11	38.92	13.05%	28.28%	30.73%	1.35%	0.86
NXPINXP Semiconductors N.V.	57.13B	227.01	28.55	-2.74%	16.47%	19.34%	4.24%	1.17
QCOMQUALCOMM Incorporated	152.89B	142.36	28.42	13.66%	11.96%	23.25%	8.38%	0.77
CRUSCirrus Logic, Inc.	7.38B	141.12	23.52	5.99%	20.47%	18.74%	5.63%	0.07

Profit & Loss

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Nov 2025
Sales/Revenue+	13.24B	17.64B	20.85B	22.6B	23.89B	27.45B	33.2B	35.82B	51.57B	63.89B
Revenue Growth %	94.02%	33.2%	18.21%	8.39%	5.71%	14.91%	20.96%	7.88%	43.98%	23.87%
Cost of Goods Sold+	7.3B	9.13B	10.12B	10.11B	10.37B	10.61B	11.11B	11.13B	19.07B	20.59B
COGS % of Revenue	55.14%	51.75%	48.52%	44.76%	43.42%	38.64%	33.45%	31.07%	36.97%	32.23%
Gross Profit+	5.94B	8.51B	10.73B	12.48B	13.52B	16.84B	22.09B	24.69B	32.51B	43.29B
Gross Margin %	44.86%	48.25%	51.48%	55.24%	56.58%	61.36%	66.55%	68.93%	63.03%	67.77%
Gross Profit Growth %	67.18%	43.25%	26.14%	16.3%	8.28%	24.62%	31.17%	11.74%	31.67%	33.18%
Operating Expenses+	6.35B	6.14B	5.6B	9.04B	9.5B	8.32B	7.81B	8.48B	19.05B	17.81B
OpEx % of Revenue	47.95%	34.8%	26.85%	40%	39.78%	30.33%	23.53%	23.68%	36.93%	27.88%
Selling, General & Admin	806M	789M	1.06B	1.71B	1.94B	1.35B	1.38B	1.59B	4.96B	4.21B
SG&A % of Revenue	6.09%	4.47%	5.07%	7.56%	8.1%	4.91%	4.16%	4.44%	9.62%	6.59%
Research & Development	2.67B	3.29B	3.77B	4.7B	4.97B	4.85B	4.92B	5.25B	9.31B	10.98B
R&D % of Revenue	20.2%	18.67%	18.07%	20.78%	20.8%	17.68%	14.81%	14.67%	18.05%	17.18%
Other Operating Expenses	2.87B	2.06B	774M	2.63B	2.6B	2.12B	1.51B	1.64B	4.78B	2.62B
Operating Income+	-409M	2.37B	5.13B	3.44B	4.01B	8.52B	14.22B	16.21B	13.46B	25.48B
Operating Margin %	-3.09%	13.44%	24.63%	15.24%	16.8%	31.03%	42.84%	45.25%	26.1%	39.89%
Operating Income Growth %	-125.06%	679.71%	116.58%	-32.93%	16.55%	112.23%	66.98%	13.93%	-16.93%	89.29%
EBITDA+	2.63B	7.1B	9.2B	9.22B	10.92B	14.56B	19.21B	20.04B	23.47B	35.49B
EBITDA Margin %	19.86%	40.24%	44.1%	40.82%	45.71%	53.04%	57.85%	55.95%	45.51%	55.56%
EBITDA Growth %	1.35%	169.95%	29.56%	0.33%	18.36%	33.35%	31.93%	4.34%	17.12%	51.21%
D&A (Non-Cash Add-back)	3.04B	4.73B	4.06B	5.78B	6.91B	6.04B	4.98B	3.83B	10.01B	10.01B
EBIT	-522M	2.28B	5.17B	3.67B	4.22B	8.65B	14.17B	16.72B	13.87B	25.48B
Net Interest Income+	-575M	-410M	-514M	-1.35B	-1.72B	-1.87B	-1.64B	-1.09B	-3.49B	-3.21B
Interest Income	10M	44M	114M	98M	53M	16M	100M	535M	461M	0
Interest Expense	585M	454M	628M	1.44B	1.78B	1.89B	1.74B	1.62B	3.95B	3.21B
Other Income/Expense	-698M	-546M	-590M	-1.22B	-1.57B	-1.75B	-1.79B	-1.11B	-3.55B	-2.75B
Pretax Income+	-1.11B	1.82B	4.54B	2.23B	2.44B	6.76B	12.43B	15.1B	9.92B	22.73B
Pretax Margin %	-8.36%	10.35%	21.8%	9.85%	10.23%	24.64%	37.45%	42.15%	19.23%	35.58%
Income Tax+	642M	35M	-8.08B	-510M	-518M	29M	939M	1.01B	3.75B	-397M
Effective Tax Rate %	157.09%	92.71%	269.72%	122.37%	121.16%	99.57%	92.45%	93.28%	59.45%	101.75%
Net Income+	-1.74B	1.69B	12.26B	2.72B	2.96B	6.74B	11.49B	14.08B	5.89B	23.13B
Net Margin %	-13.13%	9.59%	58.8%	12.05%	12.39%	24.54%	34.62%	39.31%	11.43%	36.2%
Net Income Growth %	-227.49%	197.3%	624.53%	-77.78%	8.66%	127.57%	70.65%	22.51%	-58.14%	292.3%
Net Income (Continuing)	-1.75B	1.79B	12.63B	2.74B	2.96B	6.74B	11.49B	14.08B	6.17B	23.13B
Discontinued Operations	0	-6M	0	-12M	-1M	0	0	0	-273M	0
Minority Interest	2.98B	2.9B	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.44	0.42	2.84	0.64	0.63	1.50	2.65	3.30	1.23	4.77
EPS Growth %	-189.8%	195.45%	576.19%	-77.46%	-1.56%	138.1%	76.67%	24.53%	-62.73%	287.8%
EPS (Basic)	-0.48	0.42	2.93	0.68	0.66	1.57	2.74	3.39	1.27	4.91
Diluted Shares Outstanding	3.83B	4.09B	4.31B	4.19B	4.21B	4.29B	4.23B	4.27B	4.78B	4.85B
Basic Shares Outstanding	3.66B	4.05B	4.18B	3.98B	4.02B	4.1B	4.09B	4.15B	4.62B	4.71B
Dividend Payout Ratio	-	97.69%	24.46%	155.47%	186.96%	92.22%	61.17%	54.29%	166.48%	48.18%

Balance Sheet

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Nov 2025
Total Current Assets+	7.13B	15.82B	9.11B	9.92B	11.89B	16.59B	18.5B	20.85B	19.59B	31.57B
Cash & Short-Term Investments	3.1B	11.2B	4.29B	5.05B	7.62B	12.16B	12.42B	14.19B	9.35B	16.18B
Cash Only	3.1B	11.2B	4.29B	5.05B	7.62B	12.16B	12.42B	14.19B	9.35B	16.18B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.18B	2.45B	3.33B	3.26B	2.3B	2.07B	2.96B	3.15B	4.42B	7.14B
Days Sales Outstanding	60.13	50.66	58.21	52.64	35.1	27.54	32.52	32.14	31.25	40.82
Inventory	1.4B	1.45B	1.12B	874M	1B	1.3B	1.93B	1.9B	1.76B	2.27B
Days Inventory Outstanding	70	57.87	40.56	31.54	35.3	44.64	63.25	62.25	33.7	40.23
Other Current Assets	447M	284M	123M	427M	590M	516M	341M	863M	4.07B	5.98B
Total Non-Current Assets+	42.84B	38.59B	41.02B	57.58B	64.04B	58.98B	54.74B	52.01B	146.05B	139.52B
Property, Plant & Equipment	2.51B	2.6B	2.63B	2.56B	2.51B	2.35B	2.22B	2.62B	2.52B	2.53B
Fixed Asset Turnover	5.28x	6.79x	7.91x	8.81x	9.52x	11.69x	14.94x	13.69x	20.46x	25.25x
Goodwill	24.73B	24.71B	26.91B	36.71B	43.45B	43.45B	43.61B	43.65B	97.87B	97.8B
Intangible Assets	15.07B	10.83B	10.76B	17.55B	16.78B	11.37B	7.11B	3.87B	40.58B	32.27B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	532M	437M	707M	743M	1.06B	1.81B	1.8B	1.88B	5.07B	6.92B
Total Assets+	49.97B	54.42B	50.12B	67.49B	75.93B	75.57B	73.25B	72.86B	165.65B	171.09B
Asset Turnover	0.26x	0.32x	0.42x	0.33x	0.31x	0.36x	0.45x	0.49x	0.31x	0.37x
Asset Growth %	375.19%	8.91%	-7.89%	34.65%	12.5%	-0.48%	-3.07%	-0.53%	127.34%	3.29%
Total Current Liabilities+	3.08B	2.53B	2.34B	6.9B	6.37B	6.28B	7.05B	7.41B	16.7B	18.51B
Accounts Payable	1.26B	1.1B	811M	855M	836M	1.09B	998M	1.21B	1.66B	1.56B
Days Payables Outstanding	63.05	44.19	29.27	30.86	29.42	37.37	32.79	39.68	31.82	27.65
Short-Term Debt	454M	117M	0	2.79B	827M	264M	403M	1.56B	1.25B	3.15B
Deferred Revenue (Current)	517M	0	164M	1.5B	2.62B	2.62B	2.93B	2.49B	9.39B	0
Other Current Liabilities	-2M	558M	486M	886M	651M	1.38B	1.54B	1.19B	3.11B	11.67B
Current Ratio	2.31x	6.26x	3.90x	1.44x	1.87x	2.64x	2.62x	2.82x	1.17x	1.71x
Quick Ratio	1.86x	5.68x	3.41x	1.31x	1.71x	2.43x	2.35x	2.56x	1.07x	1.58x
Cash Conversion Cycle	67.08	64.34	69.51	53.33	40.97	34.8	62.98	54.7	33.13	53.41
Total Non-Current Liabilities+	25.01B	28.7B	21.13B	35.62B	45.66B	44.3B	43.49B	41.47B	81.27B	71.29B
Long-Term Debt	13.19B	17.43B	17.49B	30.01B	40.23B	39.4B	39.05B	37.62B	66.3B	61.98B
Capital Lease Obligations	0	0	0	0	575M	499M	411M	363M	13M	0
Deferred Tax Liabilities	10.29B	10.02B	169M	4.8B	0	-566M	3.23B	-299M	4.7B	0
Other Non-Current Liabilities	1.54B	1.25B	3.47B	5.61B	4.03B	4.4B	385M	3.49B	5.17B	9.3B
Total Liabilities	28.09B	31.23B	23.47B	42.52B	52.03B	50.58B	50.54B	48.87B	97.97B	89.8B
Total Debt+	13.64B	17.55B	17.49B	32.8B	41.69B	40.27B	39.98B	39.65B	67.57B	65.14B
Net Debt	10.54B	6.34B	13.2B	27.74B	34.07B	28.11B	27.56B	25.46B	58.22B	48.96B
Debt / Equity	0.62x	0.76x	0.66x	1.31x	1.74x	1.61x	1.76x	1.65x	1.00x	0.80x
Debt / EBITDA	5.19x	2.47x	1.90x	3.56x	3.82x	2.77x	2.08x	1.98x	2.88x	1.84x
Net Debt / EBITDA	4.01x	0.89x	1.44x	3.01x	3.12x	1.93x	1.43x	1.27x	2.48x	1.38x
Interest Coverage	-0.70x	5.22x	8.18x	2.39x	2.26x	4.52x	8.19x	9.99x	3.41x	7.94x
Total Equity+	21.88B	23.19B	26.66B	24.97B	23.9B	24.99B	22.71B	23.99B	67.68B	81.29B
Equity Growth %	364.06%	5.99%	14.97%	-6.33%	-4.28%	4.55%	-9.12%	5.63%	182.13%	20.12%
Book Value per Share	5.71	5.67	6.18	5.96	5.68	5.82	5.37	5.62	14.16	16.75
Total Shareholders' Equity	18.89B	20.29B	26.66B	24.97B	23.9B	24.99B	22.71B	23.99B	67.68B	81.29B
Common Stock	19.24B	20.5B	23.29B	0	0	0	0	0	5M	5M
Retained Earnings	-215M	-129M	3.49B	0	0	748M	1.6B	2.68B	0	9.76B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-134M	-91M	-115M	-140M	-108M	-116M	-54M	207M	207M	218M
Minority Interest	2.98B	2.9B	0	0	0	0	0	0	0	0

Cash Flow

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Nov 2025
Cash from Operations+	3.41B	6.55B	8.88B	9.7B	12.06B	13.76B	16.74B	18.09B	19.96B	27.54B
Operating CF Margin %	25.76%	37.15%	42.59%	42.91%	50.49%	50.14%	50.41%	50.49%	38.71%	43.1%
Operating CF Growth %	47.15%	92.06%	35.55%	9.2%	24.38%	14.12%	21.59%	8.06%	10.38%	37.95%
Net Income	-1.86B	1.89B	12.61B	2.72B	2.96B	6.74B	11.49B	14.08B	5.89B	23.13B
Depreciation & Amortization	3.04B	4.74B	4.08B	5.81B	6.91B	6.04B	4.98B	3.83B	10.01B	8.78B
Stock-Based Compensation	679M	921M	1.23B	2.19B	1.98B	1.7B	1.53B	2.17B	5.74B	7.57B
Deferred Taxes	365M	-173M	-8.27B	-934M	-1.14B	-809M	-34M	-501M	1.97B	0
Other Non-Cash Items	703M	-93M	58M	98M	269M	219M	412M	141M	988M	-3.43B
Working Capital Changes	483M	-735M	-826M	-184M	1.09B	-127M	-1.65B	-1.64B	-4.64B	-8.5B
Change in Receivables	-491M	-267M	-652M	486M	981M	210M	-870M	-187M	2.33B	-2.72B
Change in Inventory	996M	-39M	417M	250M	-31M	-294M	-627M	27M	150M	-510M
Change in Payables	33M	-97M	-325M	-42M	-3M	243M	-79M	209M	121M	-118M
Cash from Investing+	-9.84B	-674M	-4.67B	-15.42B	-11.11B	-245M	-667M	-689M	-23.07B	-580M
Capital Expenditures	-723M	-1.07B	-635M	-432M	-463M	-443M	-424M	-452M	-548M	-623M
CapEx % of Revenue	5.46%	6.06%	3.05%	1.91%	1.94%	1.61%	1.28%	1.26%	1.06%	0.98%
Acquisitions	-9.16B	-30M	-4.03B	-15.08B	-10.65B	37M	-246M	-53M	-25.98B	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6M	432M	183M	86M	8M	-12M	3M	-66M	3.48B	392M
Cash from Financing+	7.7B	2.23B	-11.12B	6.49B	1.61B	-8.97B	-15.82B	-15.62B	-1.73B	-20.13B
Debt Issued (Net)	8.19B	3.72B	-973M	13.23B	7.7B	-1.59B	-426M	-403M	20.35B	-2.81B
Equity Issued (Net)	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-750M	-1.65B	-3B	-4.24B	-5.53B	-6.21B	-7.03B	-7.64B	-9.81B	-11.14B
Share Repurchases	0	0	-7.26B	-6.41B	-765M	-1.3B	-8.46B	-7.68B	-12.39B	-6.31B
Other Financing	-34M	-92M	-45M	-36M	-69M	-42M	-17M	-12M	-63M	-84M
Net Change in Cash	1.27B	8.11B	-6.91B	763M	2.56B	4.54B	253M	1.77B	-4.84B	6.83B
Free Cash Flow+	2.69B	5.48B	8.24B	9.27B	11.6B	13.32B	16.31B	17.63B	19.41B	26.91B
FCF Margin %	20.3%	31.08%	39.55%	41%	48.55%	48.53%	49.13%	49.23%	37.64%	42.13%
FCF Growth %	55.83%	103.94%	50.4%	12.37%	25.18%	14.86%	22.45%	8.1%	10.1%	38.63%
FCF per Share	0.70	1.34	1.91	2.21	2.75	3.11	3.86	4.13	4.06	5.55
FCF Conversion (FCF/Net Income)	-1.96x	3.87x	0.72x	3.56x	4.07x	2.04x	1.46x	1.28x	3.39x	1.19x
Interest Paid	448M	310M	547M	1.29B	1.41B	1.56B	1.39B	1.5B	3.25B	0
Taxes Paid	242M	349M	512M	741M	501M	775M	908M	1.78B	3.15B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-13.08%	7.51%	49.19%	10.55%	12.11%	27.56%	48.2%	60.31%	12.86%	31.05%
Return on Invested Capital (ROIC)	-1.57%	5.74%	11.1%	5.58%	5.44%	11.5%	20.64%	24.38%	11.52%	14.92%
Gross Margin	44.86%	48.25%	51.48%	55.24%	56.58%	61.36%	66.55%	68.93%	63.03%	67.77%
Net Margin	-13.13%	9.59%	58.8%	12.05%	12.39%	24.54%	34.62%	39.31%	11.43%	36.2%
Debt / Equity	0.62x	0.76x	0.66x	1.31x	1.74x	1.61x	1.76x	1.65x	1.00x	0.80x
Interest Coverage	-0.70x	5.22x	8.18x	2.39x	2.26x	4.52x	8.19x	9.99x	3.41x	7.94x
FCF Conversion	-1.96x	3.87x	0.72x	3.56x	4.07x	2.04x	1.46x	1.28x	3.39x	1.19x
Revenue Growth	94.02%	33.2%	18.21%	8.39%	5.71%	14.91%	20.96%	7.88%	43.98%	23.87%

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Broadcom Inc. (AVGO) 10-Year Financial Performance & Capital Metrics

AVGO •

TechnologySemiconductorsAnalog, Mixed-Signal and RF Chips

Revenue $63.89B +23.9%
EBITDA $35.49B +51.2%
Net Income $23.13B +292.3%
EPS (Diluted) 4.77 +287.8%
Gross Margin 67.77% +7.5%
EBITDA Margin 55.56% +22.1%
Operating Margin 39.89% +52.8%
Net Margin 36.2% +216.7%
ROE 31.05% +141.4%
ROIC 14.92% +29.6%
Debt/Equity 0.80 -19.7%
Interest Coverage 7.94 +133.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 40.5%
✓Strong 5Y profit CAGR of 16.7%
✓FCF machine: 42.1% free cash flow margin
✓15 consecutive years of dividend growth
✓Strong 5Y sales CAGR of 17.9%
✓Healthy 5Y average net margin of 24.5%

✗Weaknesses

✗Shares diluted 11.9% in last year
✗Expensive at 19.1x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y25.07%

5Y21.74%

3Y24.38%

TTM19.04%

Profit (Net Income) CAGR

10Y32.72%

5Y50.86%

3Y26.24%

TTM160.02%

EPS CAGR

10Y25.55%

5Y49.91%

3Y21.64%

TTM158.7%

ROCE

10Y Avg11.35%

5Y Avg17.47%

3Y Avg18.03%

Latest16.9%

Peer Comparison

Analog, Mixed-Signal and RF Chips

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QRVOQorvo, Inc.	7.68B	82.90	142.93	-1.34%	9.11%	9.21%	6.31%	0.46
ALABAstera Labs, Inc. Common Stock	20.23B	118.83	97.40	115.13%	25.7%	16.07%	1.39%
ADIAnalog Devices, Inc.	173.7B	355.79	78.02	16.89%	23.02%	8.01%	2.46%	0.26
AVGOBroadcom Inc.	1.52T	319.55	66.99	23.87%	36.2%	28.45%	1.78%	0.80
TXNTexas Instruments Incorporated	192.5B	212.11	38.92	13.05%	28.28%	30.73%	1.35%	0.86
NXPINXP Semiconductors N.V.	57.13B	227.01	28.55	-2.74%	16.47%	19.34%	4.24%	1.17
QCOMQUALCOMM Incorporated	152.89B	142.36	28.42	13.66%	11.96%	23.25%	8.38%	0.77
CRUSCirrus Logic, Inc.	7.38B	141.12	23.52	5.99%	20.47%	18.74%	5.63%	0.07

Profit & Loss

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Nov 2025
Sales/Revenue+	13.24B	17.64B	20.85B	22.6B	23.89B	27.45B	33.2B	35.82B	51.57B	63.89B
Revenue Growth %	94.02%	33.2%	18.21%	8.39%	5.71%	14.91%	20.96%	7.88%	43.98%	23.87%
Cost of Goods Sold+	7.3B	9.13B	10.12B	10.11B	10.37B	10.61B	11.11B	11.13B	19.07B	20.59B
COGS % of Revenue	55.14%	51.75%	48.52%	44.76%	43.42%	38.64%	33.45%	31.07%	36.97%	32.23%
Gross Profit+	5.94B	8.51B	10.73B	12.48B	13.52B	16.84B	22.09B	24.69B	32.51B	43.29B
Gross Margin %	44.86%	48.25%	51.48%	55.24%	56.58%	61.36%	66.55%	68.93%	63.03%	67.77%
Gross Profit Growth %	67.18%	43.25%	26.14%	16.3%	8.28%	24.62%	31.17%	11.74%	31.67%	33.18%
Operating Expenses+	6.35B	6.14B	5.6B	9.04B	9.5B	8.32B	7.81B	8.48B	19.05B	17.81B
OpEx % of Revenue	47.95%	34.8%	26.85%	40%	39.78%	30.33%	23.53%	23.68%	36.93%	27.88%
Selling, General & Admin	806M	789M	1.06B	1.71B	1.94B	1.35B	1.38B	1.59B	4.96B	4.21B
SG&A % of Revenue	6.09%	4.47%	5.07%	7.56%	8.1%	4.91%	4.16%	4.44%	9.62%	6.59%
Research & Development	2.67B	3.29B	3.77B	4.7B	4.97B	4.85B	4.92B	5.25B	9.31B	10.98B
R&D % of Revenue	20.2%	18.67%	18.07%	20.78%	20.8%	17.68%	14.81%	14.67%	18.05%	17.18%
Other Operating Expenses	2.87B	2.06B	774M	2.63B	2.6B	2.12B	1.51B	1.64B	4.78B	2.62B
Operating Income+	-409M	2.37B	5.13B	3.44B	4.01B	8.52B	14.22B	16.21B	13.46B	25.48B
Operating Margin %	-3.09%	13.44%	24.63%	15.24%	16.8%	31.03%	42.84%	45.25%	26.1%	39.89%
Operating Income Growth %	-125.06%	679.71%	116.58%	-32.93%	16.55%	112.23%	66.98%	13.93%	-16.93%	89.29%
EBITDA+	2.63B	7.1B	9.2B	9.22B	10.92B	14.56B	19.21B	20.04B	23.47B	35.49B
EBITDA Margin %	19.86%	40.24%	44.1%	40.82%	45.71%	53.04%	57.85%	55.95%	45.51%	55.56%
EBITDA Growth %	1.35%	169.95%	29.56%	0.33%	18.36%	33.35%	31.93%	4.34%	17.12%	51.21%
D&A (Non-Cash Add-back)	3.04B	4.73B	4.06B	5.78B	6.91B	6.04B	4.98B	3.83B	10.01B	10.01B
EBIT	-522M	2.28B	5.17B	3.67B	4.22B	8.65B	14.17B	16.72B	13.87B	25.48B
Net Interest Income+	-575M	-410M	-514M	-1.35B	-1.72B	-1.87B	-1.64B	-1.09B	-3.49B	-3.21B
Interest Income	10M	44M	114M	98M	53M	16M	100M	535M	461M	0
Interest Expense	585M	454M	628M	1.44B	1.78B	1.89B	1.74B	1.62B	3.95B	3.21B
Other Income/Expense	-698M	-546M	-590M	-1.22B	-1.57B	-1.75B	-1.79B	-1.11B	-3.55B	-2.75B
Pretax Income+	-1.11B	1.82B	4.54B	2.23B	2.44B	6.76B	12.43B	15.1B	9.92B	22.73B
Pretax Margin %	-8.36%	10.35%	21.8%	9.85%	10.23%	24.64%	37.45%	42.15%	19.23%	35.58%
Income Tax+	642M	35M	-8.08B	-510M	-518M	29M	939M	1.01B	3.75B	-397M
Effective Tax Rate %	157.09%	92.71%	269.72%	122.37%	121.16%	99.57%	92.45%	93.28%	59.45%	101.75%
Net Income+	-1.74B	1.69B	12.26B	2.72B	2.96B	6.74B	11.49B	14.08B	5.89B	23.13B
Net Margin %	-13.13%	9.59%	58.8%	12.05%	12.39%	24.54%	34.62%	39.31%	11.43%	36.2%
Net Income Growth %	-227.49%	197.3%	624.53%	-77.78%	8.66%	127.57%	70.65%	22.51%	-58.14%	292.3%
Net Income (Continuing)	-1.75B	1.79B	12.63B	2.74B	2.96B	6.74B	11.49B	14.08B	6.17B	23.13B
Discontinued Operations	0	-6M	0	-12M	-1M	0	0	0	-273M	0
Minority Interest	2.98B	2.9B	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.44	0.42	2.84	0.64	0.63	1.50	2.65	3.30	1.23	4.77
EPS Growth %	-189.8%	195.45%	576.19%	-77.46%	-1.56%	138.1%	76.67%	24.53%	-62.73%	287.8%
EPS (Basic)	-0.48	0.42	2.93	0.68	0.66	1.57	2.74	3.39	1.27	4.91
Diluted Shares Outstanding	3.83B	4.09B	4.31B	4.19B	4.21B	4.29B	4.23B	4.27B	4.78B	4.85B
Basic Shares Outstanding	3.66B	4.05B	4.18B	3.98B	4.02B	4.1B	4.09B	4.15B	4.62B	4.71B
Dividend Payout Ratio	-	97.69%	24.46%	155.47%	186.96%	92.22%	61.17%	54.29%	166.48%	48.18%

Balance Sheet

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Nov 2025
Total Current Assets+	7.13B	15.82B	9.11B	9.92B	11.89B	16.59B	18.5B	20.85B	19.59B	31.57B
Cash & Short-Term Investments	3.1B	11.2B	4.29B	5.05B	7.62B	12.16B	12.42B	14.19B	9.35B	16.18B
Cash Only	3.1B	11.2B	4.29B	5.05B	7.62B	12.16B	12.42B	14.19B	9.35B	16.18B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.18B	2.45B	3.33B	3.26B	2.3B	2.07B	2.96B	3.15B	4.42B	7.14B
Days Sales Outstanding	60.13	50.66	58.21	52.64	35.1	27.54	32.52	32.14	31.25	40.82
Inventory	1.4B	1.45B	1.12B	874M	1B	1.3B	1.93B	1.9B	1.76B	2.27B
Days Inventory Outstanding	70	57.87	40.56	31.54	35.3	44.64	63.25	62.25	33.7	40.23
Other Current Assets	447M	284M	123M	427M	590M	516M	341M	863M	4.07B	5.98B
Total Non-Current Assets+	42.84B	38.59B	41.02B	57.58B	64.04B	58.98B	54.74B	52.01B	146.05B	139.52B
Property, Plant & Equipment	2.51B	2.6B	2.63B	2.56B	2.51B	2.35B	2.22B	2.62B	2.52B	2.53B
Fixed Asset Turnover	5.28x	6.79x	7.91x	8.81x	9.52x	11.69x	14.94x	13.69x	20.46x	25.25x
Goodwill	24.73B	24.71B	26.91B	36.71B	43.45B	43.45B	43.61B	43.65B	97.87B	97.8B
Intangible Assets	15.07B	10.83B	10.76B	17.55B	16.78B	11.37B	7.11B	3.87B	40.58B	32.27B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	532M	437M	707M	743M	1.06B	1.81B	1.8B	1.88B	5.07B	6.92B
Total Assets+	49.97B	54.42B	50.12B	67.49B	75.93B	75.57B	73.25B	72.86B	165.65B	171.09B
Asset Turnover	0.26x	0.32x	0.42x	0.33x	0.31x	0.36x	0.45x	0.49x	0.31x	0.37x
Asset Growth %	375.19%	8.91%	-7.89%	34.65%	12.5%	-0.48%	-3.07%	-0.53%	127.34%	3.29%
Total Current Liabilities+	3.08B	2.53B	2.34B	6.9B	6.37B	6.28B	7.05B	7.41B	16.7B	18.51B
Accounts Payable	1.26B	1.1B	811M	855M	836M	1.09B	998M	1.21B	1.66B	1.56B
Days Payables Outstanding	63.05	44.19	29.27	30.86	29.42	37.37	32.79	39.68	31.82	27.65
Short-Term Debt	454M	117M	0	2.79B	827M	264M	403M	1.56B	1.25B	3.15B
Deferred Revenue (Current)	517M	0	164M	1.5B	2.62B	2.62B	2.93B	2.49B	9.39B	0
Other Current Liabilities	-2M	558M	486M	886M	651M	1.38B	1.54B	1.19B	3.11B	11.67B
Current Ratio	2.31x	6.26x	3.90x	1.44x	1.87x	2.64x	2.62x	2.82x	1.17x	1.71x
Quick Ratio	1.86x	5.68x	3.41x	1.31x	1.71x	2.43x	2.35x	2.56x	1.07x	1.58x
Cash Conversion Cycle	67.08	64.34	69.51	53.33	40.97	34.8	62.98	54.7	33.13	53.41
Total Non-Current Liabilities+	25.01B	28.7B	21.13B	35.62B	45.66B	44.3B	43.49B	41.47B	81.27B	71.29B
Long-Term Debt	13.19B	17.43B	17.49B	30.01B	40.23B	39.4B	39.05B	37.62B	66.3B	61.98B
Capital Lease Obligations	0	0	0	0	575M	499M	411M	363M	13M	0
Deferred Tax Liabilities	10.29B	10.02B	169M	4.8B	0	-566M	3.23B	-299M	4.7B	0
Other Non-Current Liabilities	1.54B	1.25B	3.47B	5.61B	4.03B	4.4B	385M	3.49B	5.17B	9.3B
Total Liabilities	28.09B	31.23B	23.47B	42.52B	52.03B	50.58B	50.54B	48.87B	97.97B	89.8B
Total Debt+	13.64B	17.55B	17.49B	32.8B	41.69B	40.27B	39.98B	39.65B	67.57B	65.14B
Net Debt	10.54B	6.34B	13.2B	27.74B	34.07B	28.11B	27.56B	25.46B	58.22B	48.96B
Debt / Equity	0.62x	0.76x	0.66x	1.31x	1.74x	1.61x	1.76x	1.65x	1.00x	0.80x
Debt / EBITDA	5.19x	2.47x	1.90x	3.56x	3.82x	2.77x	2.08x	1.98x	2.88x	1.84x
Net Debt / EBITDA	4.01x	0.89x	1.44x	3.01x	3.12x	1.93x	1.43x	1.27x	2.48x	1.38x
Interest Coverage	-0.70x	5.22x	8.18x	2.39x	2.26x	4.52x	8.19x	9.99x	3.41x	7.94x
Total Equity+	21.88B	23.19B	26.66B	24.97B	23.9B	24.99B	22.71B	23.99B	67.68B	81.29B
Equity Growth %	364.06%	5.99%	14.97%	-6.33%	-4.28%	4.55%	-9.12%	5.63%	182.13%	20.12%
Book Value per Share	5.71	5.67	6.18	5.96	5.68	5.82	5.37	5.62	14.16	16.75
Total Shareholders' Equity	18.89B	20.29B	26.66B	24.97B	23.9B	24.99B	22.71B	23.99B	67.68B	81.29B
Common Stock	19.24B	20.5B	23.29B	0	0	0	0	0	5M	5M
Retained Earnings	-215M	-129M	3.49B	0	0	748M	1.6B	2.68B	0	9.76B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-134M	-91M	-115M	-140M	-108M	-116M	-54M	207M	207M	218M
Minority Interest	2.98B	2.9B	0	0	0	0	0	0	0	0

Cash Flow

	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024	Nov 2025
Cash from Operations+	3.41B	6.55B	8.88B	9.7B	12.06B	13.76B	16.74B	18.09B	19.96B	27.54B
Operating CF Margin %	25.76%	37.15%	42.59%	42.91%	50.49%	50.14%	50.41%	50.49%	38.71%	43.1%
Operating CF Growth %	47.15%	92.06%	35.55%	9.2%	24.38%	14.12%	21.59%	8.06%	10.38%	37.95%
Net Income	-1.86B	1.89B	12.61B	2.72B	2.96B	6.74B	11.49B	14.08B	5.89B	23.13B
Depreciation & Amortization	3.04B	4.74B	4.08B	5.81B	6.91B	6.04B	4.98B	3.83B	10.01B	8.78B
Stock-Based Compensation	679M	921M	1.23B	2.19B	1.98B	1.7B	1.53B	2.17B	5.74B	7.57B
Deferred Taxes	365M	-173M	-8.27B	-934M	-1.14B	-809M	-34M	-501M	1.97B	0
Other Non-Cash Items	703M	-93M	58M	98M	269M	219M	412M	141M	988M	-3.43B
Working Capital Changes	483M	-735M	-826M	-184M	1.09B	-127M	-1.65B	-1.64B	-4.64B	-8.5B
Change in Receivables	-491M	-267M	-652M	486M	981M	210M	-870M	-187M	2.33B	-2.72B
Change in Inventory	996M	-39M	417M	250M	-31M	-294M	-627M	27M	150M	-510M
Change in Payables	33M	-97M	-325M	-42M	-3M	243M	-79M	209M	121M	-118M
Cash from Investing+	-9.84B	-674M	-4.67B	-15.42B	-11.11B	-245M	-667M	-689M	-23.07B	-580M
Capital Expenditures	-723M	-1.07B	-635M	-432M	-463M	-443M	-424M	-452M	-548M	-623M
CapEx % of Revenue	5.46%	6.06%	3.05%	1.91%	1.94%	1.61%	1.28%	1.26%	1.06%	0.98%
Acquisitions	-9.16B	-30M	-4.03B	-15.08B	-10.65B	37M	-246M	-53M	-25.98B	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-6M	432M	183M	86M	8M	-12M	3M	-66M	3.48B	392M
Cash from Financing+	7.7B	2.23B	-11.12B	6.49B	1.61B	-8.97B	-15.82B	-15.62B	-1.73B	-20.13B
Debt Issued (Net)	8.19B	3.72B	-973M	13.23B	7.7B	-1.59B	-426M	-403M	20.35B	-2.81B
Equity Issued (Net)	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-750M	-1.65B	-3B	-4.24B	-5.53B	-6.21B	-7.03B	-7.64B	-9.81B	-11.14B
Share Repurchases	0	0	-7.26B	-6.41B	-765M	-1.3B	-8.46B	-7.68B	-12.39B	-6.31B
Other Financing	-34M	-92M	-45M	-36M	-69M	-42M	-17M	-12M	-63M	-84M
Net Change in Cash	1.27B	8.11B	-6.91B	763M	2.56B	4.54B	253M	1.77B	-4.84B	6.83B
Free Cash Flow+	2.69B	5.48B	8.24B	9.27B	11.6B	13.32B	16.31B	17.63B	19.41B	26.91B
FCF Margin %	20.3%	31.08%	39.55%	41%	48.55%	48.53%	49.13%	49.23%	37.64%	42.13%
FCF Growth %	55.83%	103.94%	50.4%	12.37%	25.18%	14.86%	22.45%	8.1%	10.1%	38.63%
FCF per Share	0.70	1.34	1.91	2.21	2.75	3.11	3.86	4.13	4.06	5.55
FCF Conversion (FCF/Net Income)	-1.96x	3.87x	0.72x	3.56x	4.07x	2.04x	1.46x	1.28x	3.39x	1.19x
Interest Paid	448M	310M	547M	1.29B	1.41B	1.56B	1.39B	1.5B	3.25B	0
Taxes Paid	242M	349M	512M	741M	501M	775M	908M	1.78B	3.15B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-13.08%	7.51%	49.19%	10.55%	12.11%	27.56%	48.2%	60.31%	12.86%	31.05%
Return on Invested Capital (ROIC)	-1.57%	5.74%	11.1%	5.58%	5.44%	11.5%	20.64%	24.38%	11.52%	14.92%
Gross Margin	44.86%	48.25%	51.48%	55.24%	56.58%	61.36%	66.55%	68.93%	63.03%	67.77%
Net Margin	-13.13%	9.59%	58.8%	12.05%	12.39%	24.54%	34.62%	39.31%	11.43%	36.2%
Debt / Equity	0.62x	0.76x	0.66x	1.31x	1.74x	1.61x	1.76x	1.65x	1.00x	0.80x
Interest Coverage	-0.70x	5.22x	8.18x	2.39x	2.26x	4.52x	8.19x	9.99x	3.41x	7.94x
FCF Conversion	-1.96x	3.87x	0.72x	3.56x	4.07x	2.04x	1.46x	1.28x	3.39x	1.19x
Revenue Growth	94.02%	33.2%	18.21%	8.39%	5.71%	14.91%	20.96%	7.88%	43.98%	23.87%

Broadcom Inc. (AVGO) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

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Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Broadcom Inc. (AVGO) 10-Year Financial Performance & Capital Metrics

Key Insights

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Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

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Dividend History

Earnings History

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Revenue History

Financial Ratios