Broadcom

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

                    Revenue
                    FY2025
                
$63.9B
                    3y CAGR +24.4%
                    
                    P88
                    
                    +23.9%
                    
                    Net income
                    FY2025
                
$23.1B
                    Net margin +36.2%
                    
                    P92
                    
                    +292.3%
                    
                    Total assets
                    FY2025
                
$171.1B
                    ROA +13.5%
                    
                    P78
                    
                    +3.3%
                    
                    Operating cash flow
                    FY2025
                
$27.5B
                    FCF margin +42.1%
                    
                    P94
                    
                    +37.9%

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

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

25 accounts · 10 years

Total assets $171.1B

Total liabilities $89.8B

Shareholders equity $81.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Other Current Assets	—	—	—	—	—	—	—	—	—	—
Total Current Assets	—	—	—	—	—	—	—	—	—	—
Property,Plant and Equipment	—	—	—	—	—	—	—	—	—	—
Goodwill	—	—	—	—	—	—	—	—	—	—
Intangible Assets	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	—	—	—	—	—	—	—	—	—	—
Total Assets	—	—	—	—	—	—	—	—	—	—
Liabilities
Accounts Payable	—	—	—	—	—	—	—	—	—	—
Accrued Liabilities	—	—	—	—	—	—	—	—	—	—
Current Portion of Long Term Debt	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	—	—	—	—	—	—	—	—	—	—
Long Term Debt	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Liabilities	—	—	—	—	—	—	—	—	—	—
Total Liabilities	—	—	—	—	—	—	—	—	—	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	—	—	—	—	—	—	—	—	—	—
Additional Paid In Capital	—	—	—	—	—	—	—	—	—	—
Retained Earnings	—	—	—	—	—	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	—	—	—	—	—	—	—	—	—	—
Total Liabilitiesand Equity	—	—	—	—	—	—	—	—	—	—

Income Statement

Revenue, expense, and profitability

18 accounts · 10 years

Revenue $63.9B

Operating income $25.5B

Net income $23.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+19.1%	+18.5%	+15.3%	+16.6%	+15.7%	+15.9%	+19.5%	+25.5%	+33.2%	—
Expenses Cost of Revenue	+12.2%	+12.7%	+6.2%	+7.2%	+7.8%	+9.2%	+11.5%	+17.7%	+25.0%	—
Other Income Expense Gross Profit	+24.7%	+23.7%	+22.6%	+24.5%	+23.2%	+22.8%	+28.1%	+34.4%	+43.2%	—
Expenses Research and Development	+17.0%	+16.9%	+10.1%	+10.7%	+12.7%	+16.7%	+20.6%	+18.7%	+23.5%	—
Expenses Selling,General and Administrative	+20.2%	+25.5%	+10.2%	+9.4%	+10.8%	+24.5%	+28.5%	+14.5%	-2.1%	—
Expenses Depreciation and Amortization	+0.9%	+7.1%	-4.1%	-3.5%	+1.1%	+6.4%	+0.4%	-46.3%	-5.8%	—
Expenses Restructuring and Asset Impairment	-5.6%	+5.5%	-18.2%	-37.9%	-31.7%	-33.2%	-9.6%	-53.1%	-83.8%	—
Expenses Operating Expenses	+12.1%	+14.7%	+4.2%	+3.6%	+5.6%	+10.6%	+12.5%	-6.1%	-3.3%	—
Other Income Expense Operating Income	—	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Expense	+20.8%	+27.0%	+15.7%	+19.9%	+26.4%	+32.0%	+35.1%	+3.6%	-22.4%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	—	—	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	—	+24.7%	+6.8%	+6.5%	-46.2%	—	—	—	-94.5%	—
net Income Other Items Below Tax	—	—	—	—	—	—	—	—	—	—
net Income net Income	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	+32.6%	+37.1%	+41.1%	+49.2%	+2.3%	+2.4%	+3.0%	+6.1%	+9.9%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 10 years

Operating cash flow $27.5B

Investing cash flow $-580.0M

Financing cash flow $-20.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	—	—	—	—	—	—	—	—	—	—
Operating Activities Depreciation and Amortization	+12.5%	+16.1%	+3.4%	+8.6%	+14.7%	+22.7%	+24.1%	+15.8%	+55.7%	—
Operating Activities Stock Based Compensation	+30.7%	+30.6%	+18.1%	+14.5%	+20.2%	+30.6%	+47.6%	+34.4%	+35.6%	—
Operating Activities Deferred Income Taxes	—	+23.4%	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	+20.6%	—	—	—	—
Operating Activities Other Non Cash Items	-1.7%	+5.0%	-20.0%	-7.8%	-20.0%	-20.4%	-47.3%	-70.6%	—	—
Operating Activities net Cash From Operating Activities	+26.1%	+24.7%	+26.9%	+30.4%	+32.2%	+37.1%	+41.7%	+61.3%	+92.1%	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	-6.5%	+17.5%	-19.1%	-23.6%	-26.6%	-31.7%	-1.5%	-12.2%	-79.0%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	-2.4%	+9.4%	—	-32.0%	-12.7%	+9.3%	+18.5%	—	-10.7%	—
Financing Activities Repayment of Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	-3.2%	-5.4%	-11.9%	-14.7%	-10.4%	-1.7%	-5.0%	-15.2%	-12.9%	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	-32.4%	-5.6%	—	-71.1%	—
Cash Reconciliation net Change In Cash	+20.5%	—	+4.8%	-23.6%	+28.9%	+19.1%	-15.7%	—	+535.8%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+67.8%	+63.0%	+68.9%	+66.5%	+61.4%	+56.6%	+55.2%	+51.5%	+48.2%	+44.9%
Operating margin	+39.9%	+26.1%	+45.2%	+42.8%	+31.0%	+16.8%	+15.2%	+24.6%	+13.4%	-3.1%
Net margin	+36.2%	+11.4%	+39.3%	+34.6%	+24.5%	+12.4%	+12.1%	+60.5%	+10.1%	-13.1%
FCF margin	+42.1%	+37.6%	+49.2%	+49.1%	+48.5%	+48.6%	+41.0%	+39.5%	+31.1%	+20.3%
Growth
Revenue CAGR (3y)	+24.4%	+23.4%	+14.5%	+13.7%	+9.6%	+10.6%	+19.5%	—	—	—
Returns
ROE	+28.4%	+8.7%	+58.7%	+50.6%	+27.0%	+12.4%	+10.9%	+47.3%	+8.8%	—
ROA	+13.5%	+3.6%	+19.3%	+15.7%	+8.9%	+3.9%	+4.0%	+25.2%	+3.3%	—
ROIC	+19.6%	+6.7%	+30.8%	+26.4%	+16.1%	+7.0%	+6.5%	+12.9%	+8.7%	—
Liquidity
Current ratio	1.71x	1.17x	2.82x	2.62x	2.64x	1.87x	1.44x	3.90x	6.26x	—
Quick ratio	1.26x	0.82x	2.34x	2.18x	2.27x	1.56x	1.21x	3.26x	5.40x	—
Leverage
D/E	1.10x	1.45x	2.04x	2.23x	2.03x	2.18x	1.70x	0.88x	1.54x	—
Interest coverage	7.94x	3.41x	9.99x	8.19x	4.52x	2.26x	2.39x	8.18x	5.22x	-0.70x
Efficiency
Asset turnover	0.37x	0.31x	0.49x	0.45x	0.36x	0.31x	0.33x	0.42x	0.32x	—
Cash conversion cycle	+53d	+33d	+55d	+63d	+35d	+41d	+53d	+70d	+64d	—

Valuation

Price against fundamentals

AVGO $328 · 2025-09-29 · 397d old · FY2025

Market cap $1.6T

P/E 68.81x

P/S 24.91x

P/B 19.58x

EV $1.6T

EV/EBITDA 59.61x

FCF yield +1.7%

Dividend yield +0.7%

Notes

Your annotations

Not watched