FirmAtlas
Company handbook · AVGO · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
AVGO · CIK 1730168 · LATEST FILING: 10-Q AUG '26 · FILED SEP 10, 2026
Broadcom Inc.
$328.75
−15.58 (−4.52%)
Close, Oct 16, 2026 · 52-week $290–495
Last fiscal year
Broadcom Inc. reported revenue of $63.9B for the year ended Nov 2, 2025 (FY25), up 23.9% from FY24. Net income was $23.1B, operating cash flow $27.5B and free cash flow $26.9B. Source: 10-K filed Dec 18, 2025.
Market cap
$1.56T
P/E
40.7
EV/EBITDA
61.6x
P/B
15.6
Div yield
0.79%
ROIC
20.2%
Revenue 1Y
23.9%/yr
EPS 1Y
287.8%/yr
Shares 1Y
+1%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOHock E. Tan
HQPalo Alto, CA
AuditorPricewaterhouseCoopers LLP
Employees33,000
Year endsNovember
Revenue by segment · FY25
Semiconductor Solutions58%
Infrastructure Software42%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
34.5%
45.6%
53.9%
−7.2%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$57.7B deployed
Capex
$1.2B
2.0%
Acquisitions
$26.0B
45.0%
Dividends
$21.0B
36.3%
Buybacks
$9.6B
16.7%
Operating cash flow over the period: $47.5B. Total debt changed by −$4.3B. R&D of $20.3B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Nov 2, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (10-for-1 split after FY22).
TTM = the last four quarters, to Aug '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
51,574
63,887+23.9%
89,104
YoY
+23.9%
Gross profit
32,509
43,294+33.2%
61,277
Gross margin
63.0%
67.8%+4.7 pp
—
Operating income
13,463
25,484+89.3%
42,814
Operating margin
26.1%
39.9%+13.8 pp
—
EBITDA
14,056
26,058+85.4%
—
EBITDA margin
27.3%
40.8%+13.5 pp
—
Interest expense
3,953
3,210−18.8%
—
Interest coverage
3.56x
8.12x+4.56x
—
Net income
5,895
23,126+292.3%
38,265
YoY
+292.3%
Net margin
11.4%
36.2%+24.8 pp
—
EPS (diluted, $)
1.23
4.77+287.8%
7.89
YoY
+287.8%
Balance sheet
Total assets
165,645
171,092+3.3%
188,148
Cash & short-term investments
9,348
16,178+73.1%
—
Accounts receivable
4,416
7,145+61.8%
—
Inventory
1,760
2,270+29.0%
—
Net PP&E
2,521
2,530+0.4%
—
Other assets
147,600
142,969−3.1%
—
Total liabilities
97,967
89,800−8.3%
88,458
Accounts payable
1,662
1,560−6.1%
—
Total debt
66,295
61,984−6.5%
57,167
Other liabilities
30,010
26,256−12.5%
—
Shareholders’ equity
67,678
81,292+20.1%
99,690
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
19,962
27,537+37.9%
40,653
Net income
5,895
23,126+292.3%
—
Depreciation & amortization
593
574−3.2%
—
Stock-based compensation
5,741
7,568+31.8%
—
Working capital & other
7,733
(3,731)−148.2%
—
Cash from investing
(23,070)
(580)n/m
—
Capex
(548)
(623)n/m
—
Acquisitions
(25,978)
0n/m
—
Investments bought
(175)
(597)n/m
—
Investments sold / matured
156
248+59.0%
—
Other investing
3,475
392−88.7%
—
Cash from financing
(1,733)
(20,127)n/m
—
Debt raised
39,954
15,666−60.8%
—
Debt repaid
(19,608)
(18,478)n/m
—
Dividends
(9,814)
(11,142)n/m
—
Buybacks
(7,176)
(2,450)n/m
—
Shares issued
190
221+16.3%
—
Other financing
(5,279)
(3,944)n/m
—
Net change in cash
(4,841)
6,830n/m
—
Free cash flow (OCF − capex)
19,414
26,914+38.6%
39,403
Where the cash went
Operating cash flow
19,962
27,537+37.9%
40,653
Reinvested in the business
26,526
623−97.7%
—
% of operating cash flow
132.9%
2.3%
Capex
548
623+13.7%
1,250
Acquisitions
25,978
0−100.0%
—
R&D (memo, already in costs)
9,310
10,977+17.9%
—
Free cash flow
19,414
26,914+38.6%
39,403
YoY
+38.6%
Returned to shareholders
16,990
13,592−20.0%
—
% of free cash flow
87.5%
50.5%
Dividends
9,814
11,142+13.5%
—
Buybacks
7,176
2,450−65.9%
—
Change in total debt
—
(4,311)
—
Cash left over
—
9,011
—
FCF conversion (FCF ÷ net income)
329.3%
116.4%−213.0 pp
—
Owner earnings
—
19,736
—
Owner earnings margin
—
30.9%
—
Buyback yield
0.9%
0.1%−0.8 pp
—
Returns & ratios
ROIC (all capital)
6.7%
20.2%+13.5 pp
—
ROIC (operating)
119.0%
292.6%+173.5 pp
—
Net debt / EBITDA
4.05x
1.76x−2.29x
—
Debt / equity
0.98x
0.76x−0.22x
—
Cash conversion cycle (days)
33
53+20 d
—
ROE
8.7%
28.4%+19.7 pp
—
ROA
3.6%
13.5%+10.0 pp
—
ROCE
9.0%
16.7%+7.7 pp
—
NOPAT
8,374
25,484+204.3%
—
Invested capital (operating)
7,035
10,385+47.6%
—
Invested capital (all)
124,625
127,098+2.0%
—
Reinvestment rate
—
13.1%
—
Debtor days
31
41+10 d
—
Inventory days
34
40+7 d
—
Days payable
32
28−4 d
—
Income
Nov '25
Feb '26
May '26
Aug '26
Revenue
18,015
19,311
22,187
29,591
vs year-ago quarter
Gross profit
12,249
13,157
15,415
20,456
Gross margin
68.0%
68.1%
69.5%
69.1%
Operating income
7,508
8,563
10,788
15,955
Net income
8,518
7,349
9,310
13,088
vs year-ago quarter
Net margin
47.3%
38.1%
42.0%
44.2%
EPS (diluted, $)
1.80
1.50
1.91
2.68
vs year-ago quarter
Balance sheet
Nov '25
Feb '26
May '26
Aug '26
Total assets
171,092
169,903
179,158
188,148
Cash & equivalents
16,178
14,174
19,628
23,975
Total debt
61,984
63,805
62,655
57,167
Shareholders’ equity
81,292
79,872
87,691
99,690
Cash flow
Nov '25
Feb '26
May '26
Aug '26
Operating cash flow
7,703
8,260
10,493
14,197
Capex
237
250
231
532
Free cash flow
7,466
8,010
10,262
13,665
vs year-ago quarter