Broadcom

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

                    Revenue
                    FY2025
                
$63.9B
                    3y CAGR +24.4%
                    
                    P90
                    
                    +23.9%
                    
                    Net income
                    FY2025
                
$23.1B
                    Net margin +36.2%
                    
                    P92
                    
                    +292.3%
                    
                    Total assets
                    FY2025
                
$171.1B
                    ROA +13.5%
                    
                    P76
                    
                    +3.3%
                    
                    Operating cash flow
                    FY2025
                
$27.5B
                    FCF margin +42.1%
                    
                    P97
                    
                    +37.9%

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

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 5 years

Total assets $171.1B

Total liabilities $89.8B

Shareholders equity $81.3B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+73.1%	-34.1%	+14.3%	+2.1%	—
Accounts Receivable	+61.8%	+40.0%	+6.6%	+42.8%	—
Inventory	+29.0%	-7.3%	-1.4%	+48.4%	—
Prepaid Expenses	+46.9%	+153.5%	+33.3%	+14.2%	—
Other Current Assets	—	—	—	—	—
Total Current Assets	+61.1%	-6.0%	+12.7%	+11.6%	—
Property,Plant and Equipment	+0.4%	+17.0%	-3.1%	-5.3%	—
Goodwill	-0.1%	+124.2%	+0.1%	+0.4%	—
Intangible Assets	-20.5%	+949.5%	-45.6%	-37.5%	—
Other Noncurrent Assets	+36.3%	+116.8%	+30.2%	-0.8%	—
Total Assets	+3.3%	+127.3%	-0.5%	-3.1%	—
Liabilities
Accounts Payable	-6.1%	+37.4%	+21.2%	-8.1%	—
Accrued Liabilities	-42.0%	+266.3%	-23.5%	+2.8%	—
Deferred Revenue	—	—	—	—	—
Current Portion of Long Term Debt	+153.2%	-20.3%	+287.8%	+52.7%	—
Other Current Liabilities	—	—	—	—	—
Total Current Liabilities	+10.9%	+125.5%	+5.0%	+12.3%	—
Long Term Debt	-7.0%	+70.0%	-1.2%	+4.2%	—
Deferred Revenue Noncurrent	—	—	—	—	—
Other Noncurrent Liabilities	-37.9%	+289.3%	-12.8%	-9.2%	—
Total Liabilities	-8.3%	+100.5%	-3.3%	-0.1%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.0%	+25.0%	—	—	—
Additional Paid In Capital	+5.7%	+219.8%	-0.3%	-13.0%	—
Retained Earnings	—	-100.0%	+67.2%	+114.4%	—
Accumulated Other Comprehensive Income	+5.3%	+0.0%	+483.3%	+53.4%	—
Total Stockholders Equity	+20.1%	+182.1%	+5.6%	-9.0%	—
Total Liabilitiesand Equity	+3.3%	+127.3%	-0.5%	-3.0%	—

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $63.9B

Operating income $25.5B

Net income $23.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+23.9%	+44.0%	+7.9%	+21.0%	—
Expenses Cost of Revenue	+8.0%	+71.3%	+0.2%	+4.7%	—
Expenses Research and Development	+17.9%	+77.2%	+6.8%	+1.3%	—
Expenses Selling,General and Administrative	-15.1%	+211.5%	+15.2%	+2.6%	—
Expenses Depreciation and Amortization	-3.2%	+18.1%	-5.1%	-1.9%	—
Expenses Share Based Compensation	+31.8%	+164.4%	+41.6%	-10.0%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—
Expenses Operating Expenses	—	—	—	—	—
Other Income Expense Gross Profit	+33.2%	+31.7%	+11.7%	+31.2%	—
Other Income Expense Operating Income	+89.3%	-16.9%	+13.9%	+67.0%	—
Other Income Expense Interest Expense	-18.8%	+143.7%	-6.6%	-7.9%	—
Other Income Expense Other Income/expense	+12.1%	-20.7%	+1048.1%	-141.2%	—
Other Income Expense Income Before Tax	+129.2%	-34.3%	+21.4%	+83.8%	—
Income Tax Income Tax Expense	-110.6%	+269.3%	+8.1%	+3137.9%	—
net Income net Income	+292.3%	-58.1%	+22.5%	+70.7%	—
net Income Comprehensive Income	—	-100.0%	+321.0%	+875.0%	—
Earnings Per Share Basic Eps	+286.6%	-62.5%	+23.7%	-82.5%	—
Earnings Per Share Diluted Eps	+287.8%	-62.7%	+24.5%	-82.3%	—
Earnings Per Share Weighted Average Shares Basic	+1.9%	+11.4%	+1.5%	+897.3%	—
Earnings Per Share Weighted Average Shares Diluted	+1.6%	+11.8%	+0.9%	+886.5%	—

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 5 years

Operating cash flow $27.5B

Investing cash flow $-580.0M

Financing cash flow $-20.1B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+292.3%	-58.1%	+22.5%	+70.7%	—
Operating Activities Depreciation and Amortization	+1259.5%	+18.1%	-5.1%	-1.9%	—
Operating Activities Stock Based Compensation	—	—	—	—	—
Operating Activities Deferred Income Taxes	-203.5%	+492.2%	-1013.3%	+95.5%	—
Operating Activities Changes In Operating Assets and Liabilities	+232.0%	-738.5%	-74.0%	+333.6%	—
Operating Activities net Cash From Operating Activities	+37.9%	+10.4%	+8.1%	+21.6%	—
Investing Activities Capital Expenditures	+13.7%	+21.2%	+6.6%	-4.3%	—
Investing Activities Business Acquisitions	-100.0%	+48915.1%	-78.5%	+2975.0%	—
Investing Activities Purchases of Investments	+241.1%	-49.4%	+73.0%	—	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	+97.5%	-3248.3%	-3.3%	-172.2%	—
Financing Activities Proceeds From Debt	-60.8%	—	-100.0%	-80.5%	—
Financing Activities Repayment of Debt	-5.8%	+4765.5%	-82.9%	-79.5%	—
Financing Activities Repurchase of Common Stock	-65.9%	+23.2%	-16.8%	—	—
Financing Activities Dividends Paid	+13.5%	+28.4%	+8.7%	+13.2%	—
Financing Activities Proceeds From Stock Issuance	+16.3%	+55.7%	+7.0%	-32.9%	—
Financing Activities Tax Withholding On Stock Based Compensation	-26.0%	+180.3%	+27.9%	+12.0%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	-1061.4%	+88.9%	+1.2%	-76.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	+241.1%	-373.0%	+600.8%	-94.4%	—
Cash Reconciliation Cash At Beginning of Period	+73.1%	-34.1%	+14.3%	+2.1%	—
Cash Reconciliation Cash At End of Period	+73.1%	-34.1%	+14.3%	+2.1%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+67.8%	+63.0%	+68.9%	+66.5%	+61.4%
Operating margin	+39.9%	+26.1%	+45.2%	+42.8%	+31.0%
Net margin	+36.2%	+11.4%	+39.3%	+34.6%	+24.5%
FCF margin	+42.1%	+37.6%	+49.2%	+49.1%	+48.5%
Growth
Revenue CAGR (3y)	+24.4%	+23.4%	+14.5%	+13.7%	+9.6%
Returns
ROE	+28.4%	+8.7%	+58.7%	+50.6%	+27.0%
ROA	+13.5%	+3.6%	+19.3%	+15.7%	+8.9%
ROIC	+18.8%	+6.4%	+28.1%	+24.5%	+15.6%
Liquidity
Current ratio	1.71x	1.17x	2.82x	2.62x	2.64x
Quick ratio	1.26x	0.82x	2.34x	2.18x	2.27x
Leverage
D/E	1.10x	1.45x	2.04x	2.23x	2.03x
Interest coverage	7.94x	3.41x	9.99x	8.19x	4.52x
Efficiency
Asset turnover	0.37x	0.31x	0.49x	0.45x	0.36x
Cash conversion cycle	+53d	+33d	+55d	+63d	+35d

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

Your annotations

Not watched