TD SYNNEX Corporation

Wholesale-Computers & Peripheral Equipment & Software

SNXStrained7 of 11 basics passed

$280.00

+4.69%

Market cap $22.3B

$280.00

+4.69%

Market cap $22.3B

TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem.

It is a $22.3B industrial company. Revenue grew 24.1% over the last year, it keeps 2¢ of every dollar of sales as profit, and it carries $2.18B of net debt. It trades at 16.5× earnings — around the middle of its own history.

Website: tdsynnex.com
Location: Clearwater, FL
Employees: 30 000
Sector: Industrials

Share price · 3 years

$99.54 → $280.00+181.3%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $75.7B
Profit: keeps 2¢ of every $1 sold; $1.33B
Free cash flow: cash left after running the business; -$815M
Net debt: debt minus cash on hand; $2.18B
P/E: years of profit in the price; 16.5
EPS: earnings per share, TTM; $16.08
Dividend: pays out 11% of profit; 0.70%
Shares: up 109% since 2016 — dilution; 82.4M
Volatility: beta vs the market — under 1 swings less; 1.43

Revenue, last 10 years

52-week range

Low $142.42$280.00High $290.14

Today's price is 93% of the way from the year's low to its high.

P/E vs its history5y

16.6×median 15.7×

Higher than 66% of past days — around the middle of its own history.

Valuation vs own history

P/E

16.6×

34%

P/S

0.3×

EV/EBITDA

13.2×

29%

P/B

2.3×

FCF yield

1.8%

20%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Earnings

Sep 24, 2026EPS $5.68 vs est $4.75beat +20%

Insider activity · 90 days

-$845Knet selling

Purchases$0

Sales$845K

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$22.3Btop 43%
Revenue growth+0%top 70%
Net margin2%top 94%
Return on equity15%top 66%
P/E16.5×top 20%
Dividend yield0.70%top 75%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Profitability, Health and Moat lag behind.

Valuation50

P/E vs own history66th pct · 5/25
FCF yield-3.6% · 0/25
P/S0.3x · 25/25
EV/EBITDA10.8x · 20/25

Growth65

Revenue CAGR18.6% · 20/25
Net income CAGR20.3% · 25/25
EPS CAGR ~5Y-0.6% · 0/25
Fwd implied growth24.1% · 20/25

Profitability28

ROIC7.8% · 5/25
ROE14.9% · 12/25
Net margin1.8% · 6/25
Operating margin2.7% · 5/25

Health42

Altman Zn/a · 0/25
Current ratio1.19 · 12/25
Interest coverage4.0x · 10/25
Net cash / debtD/A 6% · 20/25

Quality67

Piotroski F7/9 · 22/25
Beneish M-2.49 · 20/25
FCF conversion-61% · 0/25
Margin stabilityσ 0.5% · 25/25

Moat30

ROIC >12% years2/10 yrs · 0/25
Median gross margin8.0% · 0/25
FCF-positive years8/10 yrs · 18/25
Worst-year net marginworst 1.0% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Sep 24, 2026Earnings
Beat EPS estimate by 20%
reported $5.68 vs $4.75 expected
2026Product
The foundation launched its President's Choice Award to support The Meyer Center for Special Children
2026Acquisition
It was announced that TD SYNNEX had completed its acquisition of the AV, unified communications and…
FY2025Financial
Best year on record
$828M net income
2025Acquisition
TD SYNNEX acquired software development company and cloud commerce platform provider Apptium to grow…
FY2022Financial
Revenue crossed $50B
$62.3B for the year
2021Acquisition
It was formed in 2021 by the merger of Synnex and Tech Data
2020Acquisition
With the merger of Tech Data and Synnex, TD SYNNEX becomes the largest IT distributor having a combined revenue of…
2017Acquisition
TD SYNNEX purchased the American Operations of Westcon-Comstor, a cybersecurity, networking
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $10B
$14.1B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$24 724 today — price return only

$62.5B revenue in FY2025

Revenue up 24.1% year over year

Profitable 10 years in a row

Positive free cash flow 3 years in a row

30 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 24.1% year over year
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Negative free cash flow (-$815.0M)

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 11 checks passed

Revenue growing — the company sells more than a year ago+24.1% YoY
Profitable — makes more than it spends$1.33B TTM
Profit growing — earnings are higher than last year+13.8% YoY
Generates cash — cash left after running and investing-$815M TTM
Debt under control — could handle its obligationscurrent ratio 1.19
Established company — not a micro-cap — lower blow-up risk$22.3B market cap
Not printing shares — share count not ballooning — you keep your slice+60.9% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 22/100
Pays a dividend — returns cash to shareholdersyield 0.70%
Valuation not extreme — price not wildly above earningsP/E 16.5

Peer comparisonTD SYNNEX Corporation vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
SNX this company	$22.3B	16.5	+24.1%	1.8%	Strained
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: SNX vs LRCX · SNX vs CAT · SNX vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 8Hold 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $75.7B · net income $1.33B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$75.7B

YoY 24.1%

Net income (TTM)

$1.33B

Margin 1.8%

Gross margin

6.9%

Operating margin

2.7%

P/E ratio

16.5

Dividend yield

0.70%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	24.7	31.6	62.3	57.6	58.5	62.5
Gross profit	2.8	1.9	3.9	4.0	4.0	4.4
Operating income (EBIT)	0.8	0.6	1.1	1.1	1.2	1.4
Net income	0.5	0.4	0.7	0.6	0.7	0.8
EPS (diluted)	10.33	6.30	6.82	6.75	8.02	10.04

Cash flowFree cash flow -$815M · operating cash flow -$618M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$815M

Margin -1.1%

Operating cash flow (TTM)

-$618M

FCF margin

-1.1%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	1.8	0.8	-0.0	1.4	1.2	1.5
Capital expenditure	-0.2	-0.1	-0.1	-0.2	-0.2	-0.1
Free cash flow	1.6	0.8	-0.2	1.3	1.0	1.4
FCF margin	6.6%	2.4%	-0.3%	2.2%	1.8%	2.2%

Balance sheetAssets $34.3B · net debt $2.18B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $34.3B of assets is financed

75%

25%

Liabilities $25.8B — borrowed moneyEquity $8.45B — owners' stake

Cash vs debt

Total debt $4.61B − cash $2.44B = net debt $2.18B

Cash on hand covers 53% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

4.0x

EBIT ÷ interest expense

ROE

14.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	1.6	1.0	0.5	1.0	1.1	2.4
Total assets	13.5	27.7	29.7	29.4	30.3	34.3
Total liabilities	9.1	19.8	21.7	21.2	22.2	25.8
Total debt	2.8	4.1	4.1	4.1	3.9	4.6
Equity	4.3	7.9	8.0	8.2	8.0	8.5
Net debt	1.2	3.1	3.6	3.0	2.8	2.2

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SNX on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $280.00 · market cap $22.3B.