Broadcom

Information Technology Semiconductors Palo Alto, California Last filing Dec 18, 2025 · FY2025

                    Revenue
                    FY2025
                
$63.9B
                    3y CAGR +24.4%
                    
                    P90
                    
                    n/a
                    
                    Net income
                    FY2025
                
$23.1B
                    Net margin +36.2%
                    
                    P92
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$171.1B
                    ROA +13.5%
                    
                    P76
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$27.5B
                    FCF margin +42.1%
                    
                    P97
                    
                    n/a

10 yrs · FY2016–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 1 year

Total assets $171.1B

Total liabilities $89.8B

Shareholders equity $81.3B

Account	2025	Trend
Assets
Cash and Cash Equivalents	9.5%
Accounts Receivable	4.2%
Inventory	1.3%
Prepaid Expenses	3.5%
Other Current Assets	3.5%
Total Current Assets	18.5%
Property,Plant and Equipment	1.5%
Goodwill	57.2%
Intangible Assets	18.9%
Other Noncurrent Assets	4.0%
Total Assets	100.0%
Liabilities
Accounts Payable	0.9%
Accrued Liabilities	0.4%
Deferred Revenue	5.5%
Current Portion of Long Term Debt	1.8%
Other Current Liabilities	6.8%
Total Current Liabilities	10.8%
Long Term Debt	39.2%
Deferred Revenue Noncurrent	2.1%
Other Noncurrent Liabilities	5.4%
Total Liabilities	52.5%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	41.7%
Retained Earnings	5.7%
Accumulated Other Comprehensive Income	0.1%
Total Stockholders Equity	47.5%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

20 accounts · 1 year

Revenue $63.9B

Operating income $25.5B

Net income $23.1B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	37.3%
Expenses Cost of Revenue	12.0%
Expenses Research and Development	6.4%
Expenses Selling,General and Administrative	2.5%
Expenses Depreciation and Amortization	0.3%
Expenses Share Based Compensation	4.4%
Expenses Restructuring and Asset Impairment	0.4%
Expenses Operating Expenses	10.4%
Other Income Expense Gross Profit	25.3%
Other Income Expense Operating Income	14.9%
Other Income Expense Interest Expense	1.9%
Other Income Expense Other Income/expense	0.3%
Other Income Expense Income Before Tax	13.3%
Income Tax Income Tax Expense	-0.2%
net Income net Income	13.5%
net Income Comprehensive Income	0.0%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	2.8%
Earnings Per Share Weighted Average Shares Diluted	2.8%

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 1 year

Operating cash flow $27.5B

Investing cash flow $-580.0M

Financing cash flow $-20.1B

Account	2025	Trend
CashFlow
Operating Activities net Income	13.5%
Operating Activities Depreciation and Amortization	4.7%
Operating Activities Stock Based Compensation	4.4%
Operating Activities Deferred Income Taxes	-1.2%
Operating Activities Changes In Operating Assets and Liabilities	1.8%
Operating Activities net Cash From Operating Activities	16.1%
Investing Activities Capital Expenditures	0.4%
Investing Activities Business Acquisitions	0.0%
Investing Activities Purchases of Investments	0.3%
Investing Activities Other Investing Activities	-0.1%
Investing Activities net Cash From Investing Activities	-0.3%
Financing Activities Proceeds From Debt	9.2%
Financing Activities Repayment of Debt	10.8%
Financing Activities Repurchase of Common Stock	1.4%
Financing Activities Dividends Paid	6.5%
Financing Activities Proceeds From Stock Issuance	0.1%
Financing Activities Tax Withholding On Stock Based Compensation	2.3%
Financing Activities Other Financing Activities	-0.0%
Financing Activities net Cash From Financing Activities	-11.8%
Cash Reconciliation Effect of Exchange Rate On Cash	9.5%
Cash Reconciliation net Change In Cash	4.0%
Cash Reconciliation Cash At Beginning of Period	9.5%
Cash Reconciliation Cash At End of Period	9.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+67.8%
Operating margin	+39.9%
Net margin	+36.2%
FCF margin	+42.1%
Growth
Revenue CAGR (3y)	+24.4%
Returns
ROE	+28.4%
ROA	+13.5%
ROIC	+18.8%
Liquidity
Current ratio	1.71x
Quick ratio	1.26x
Leverage
D/E	1.10x
Interest coverage	7.94x
Efficiency
Asset turnover	0.37x
Cash conversion cycle	+53d

Valuation

Price against fundamentals

AVGO $328 · 2025-09-29 · 351d old · FY2025

Market cap $1.6T

P/E 68.81x

P/S 24.91x

P/B 19.58x

EV $1.6T

EV/EBITDA 63.14x

FCF yield +1.7%

Dividend yield +0.7%

Notes

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