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Side-by-side financial comparison of ARROW ELECTRONICS, INC. (ARW) and ROYAL BANK OF CANADA (RY). Click either name above to swap in a different company.

ROYAL BANK OF CANADA is the larger business by last-quarter revenue ($13.1B vs $8.7B, roughly 1.5× ARROW ELECTRONICS, INC.). ROYAL BANK OF CANADA runs the higher net margin — 32.2% vs 2.2%, a 30.0% gap on every dollar of revenue.

Arrow Electronics, Inc., is an American company headquartered in Centennial, Colorado. A global provider of electronic components and enterprise computing products, the company specializes in distribution and value-added services for original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers and other commercial customers. The company is ranked No. 154 in the Fortune 500 list of the largest United States corporations by total revenue. The compan...

The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 18 million clients and has more than 98,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains its corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks.

ARW vs RY — Head-to-Head

Bigger by revenue
RY
RY
1.5× larger
RY
$13.1B
$8.7B
ARW
Higher net margin
RY
RY
30.0% more per $
RY
32.2%
2.2%
ARW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARW
ARW
RY
RY
Revenue
$8.7B
$13.1B
Net Profit
$194.6M
$4.2B
Gross Margin
11.5%
Operating Margin
3.4%
Net Margin
2.2%
32.2%
Revenue YoY
20.1%
Net Profit YoY
96.2%
EPS (diluted)
$3.74

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARW
ARW
RY
RY
Q1 26
$13.1B
Q4 25
$8.7B
Q3 25
$7.7B
$12.4B
Q2 25
$7.6B
$11.4B
Q1 25
$6.8B
Q4 24
$7.3B
Q3 24
$6.8B
Q2 24
$6.9B
Net Profit
ARW
ARW
RY
RY
Q1 26
$4.2B
Q4 25
$194.6M
Q3 25
$109.2M
$4.0B
Q2 25
$187.7M
$3.2B
Q1 25
$79.7M
Q4 24
$99.2M
Q3 24
$100.6M
Q2 24
$108.7M
Gross Margin
ARW
ARW
RY
RY
Q1 26
Q4 25
11.5%
Q3 25
10.8%
Q2 25
11.2%
Q1 25
11.4%
Q4 24
11.0%
Q3 24
11.5%
Q2 24
12.3%
Operating Margin
ARW
ARW
RY
RY
Q1 26
Q4 25
3.4%
Q3 25
2.3%
Q2 25
2.5%
Q1 25
2.3%
Q4 24
2.7%
Q3 24
2.6%
Q2 24
3.1%
Net Margin
ARW
ARW
RY
RY
Q1 26
32.2%
Q4 25
2.2%
Q3 25
1.4%
31.9%
Q2 25
2.5%
28.0%
Q1 25
1.2%
Q4 24
1.4%
Q3 24
1.5%
Q2 24
1.6%
EPS (diluted)
ARW
ARW
RY
RY
Q1 26
Q4 25
$3.74
Q3 25
$2.09
Q2 25
$3.59
Q1 25
$1.51
Q4 24
$1.87
Q3 24
$1.88
Q2 24
$2.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARW
ARW
RY
RY
Cash + ST InvestmentsLiquidity on hand
$306.5M
$33.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$6.6B
$102.1B
Total Assets
$29.1B
$1709.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARW
ARW
RY
RY
Q1 26
$33.7B
Q4 25
$306.5M
Q3 25
$213.6M
$25.5B
Q2 25
$222.0M
$35.5B
Q1 25
$231.9M
Q4 24
$188.8M
Q3 24
$248.0M
Q2 24
$213.0M
Stockholders' Equity
ARW
ARW
RY
RY
Q1 26
$102.1B
Q4 25
$6.6B
Q3 25
$6.4B
$99.0B
Q2 25
$6.3B
$96.7B
Q1 25
$5.9B
Q4 24
$5.8B
Q3 24
$6.0B
Q2 24
$5.7B
Total Assets
ARW
ARW
RY
RY
Q1 26
$1709.9B
Q4 25
$29.1B
Q3 25
$24.5B
$1626.4B
Q2 25
$24.3B
$1636.8B
Q1 25
$21.4B
Q4 24
$21.8B
Q3 24
$20.9B
Q2 24
$20.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARW
ARW
RY
RY
Operating Cash FlowLast quarter
$199.9M
$27.7B
Free Cash FlowOCF − Capex
$172.6M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.03×
6.55×
TTM Free Cash FlowTrailing 4 quarters
$-37.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARW
ARW
RY
RY
Q1 26
$27.7B
Q4 25
$199.9M
Q3 25
$-281.7M
$21.2B
Q2 25
$-205.9M
$7.2B
Q1 25
$351.7M
Q4 24
$326.5M
Q3 24
$80.6M
Q2 24
$320.2M
Free Cash Flow
ARW
ARW
RY
RY
Q1 26
Q4 25
$172.6M
Q3 25
$-312.0M
Q2 25
$-224.5M
Q1 25
$326.7M
Q4 24
$303.9M
Q3 24
$62.0M
Q2 24
$298.1M
FCF Margin
ARW
ARW
RY
RY
Q1 26
Q4 25
2.0%
Q3 25
-4.0%
Q2 25
-3.0%
Q1 25
4.8%
Q4 24
4.2%
Q3 24
0.9%
Q2 24
4.3%
Capex Intensity
ARW
ARW
RY
RY
Q1 26
Q4 25
0.3%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.4%
Q4 24
0.3%
Q3 24
0.3%
Q2 24
0.3%
Cash Conversion
ARW
ARW
RY
RY
Q1 26
6.55×
Q4 25
1.03×
Q3 25
-2.58×
5.36×
Q2 25
-1.10×
2.24×
Q1 25
4.41×
Q4 24
3.29×
Q3 24
0.80×
Q2 24
2.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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