Arrow Electronics, Inc.

ARW

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

27,923

Cost of Revenue

24,631

Gross Profit

3,292

Gross Margin

11.8%

Operating Income

769

Operating Margin

2.8%

Net Income

392

Net Margin

1.4%

EPS (Basic)

$7.36

EPS (Diluted)

$7.29

EBITDA

1,119

EBITDA Margin

4.0%

2023

12/31/2023

Revenue

33,107

Cost of Revenue

28,958

Gross Profit

4,149

Gross Margin

12.5%

Operating Income

1,471

Operating Margin

4.4%

Net Income

904

Net Margin

2.7%

EPS (Basic)

$16.03

EPS (Diluted)

$15.84

EBITDA

1,674

EBITDA Margin

5.1%

2022

12/31/2022

Revenue

37,124

Cost of Revenue

32,288

Gross Profit

4,837

Gross Margin

13.0%

Operating Income

2,068

Operating Margin

5.6%

Net Income

1,427

Net Margin

3.8%

EPS (Basic)

$22.01

EPS (Diluted)

$21.80

EBITDA

2,257

EBITDA Margin

6.1%

2021

12/31/2021

Revenue

34,477

Cost of Revenue

30,275

Gross Profit

4,202

Gross Margin

12.2%

Operating Income

1,557

Operating Margin

4.5%

Net Income

1,108

Net Margin

3.2%

EPS (Basic)

$15.29

EPS (Diluted)

$15.10

EBITDA

1,763

EBITDA Margin

5.1%

2020

12/31/2020

Revenue

28,673

Cost of Revenue

25,482

Gross Profit

3,191

Gross Margin

11.1%

Operating Income

895

Operating Margin

3.1%

Net Income

584

Net Margin

2.0%

EPS (Basic)

$7.49

EPS (Diluted)

$7.43

EBITDA

1,086

EBITDA Margin

3.8%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	27,923	33,107	37,124	34,477	28,673
Cost of Revenue	24,631	28,958	32,288	30,275	25,482
Gross Profit	3,292	4,149	4,837	4,202	3,191
Gross Margin	11.8%	12.5%	13.0%	12.2%	11.1%
Operating Income	769	1,471	2,068	1,557	895
Operating Margin	2.8%	4.4%	5.6%	4.5%	3.1%
Net Income	392	904	1,427	1,108	584
Net Margin	1.4%	2.7%	3.8%	3.2%	2.0%
EPS (Basic)	$7.36	$16.03	$22.01	$15.29	$7.49
EPS (Diluted)	$7.29	$15.84	$21.80	$15.10	$7.43
EBITDA	1,119	1,674	2,257	1,763	1,086
EBITDA Margin	4.0%	5.1%	6.1%	5.1%	3.8%