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Side-by-side financial comparison of AVNET INC (AVT) and FISERV INC (FISV). Click either name above to swap in a different company.

AVNET INC is the larger business by last-quarter revenue ($6.3B vs $5.3B, roughly 1.2× FISERV INC). FISERV INC runs the higher net margin — 15.3% vs 1.0%, a 14.4% gap on every dollar of revenue. On growth, AVNET INC posted the faster year-over-year revenue change (11.6% vs 0.6%). FISERV INC produced more free cash flow last quarter ($1.5B vs $192.9M). Over the past eight quarters, AVNET INC's revenue compounded faster (5.7% CAGR vs 4.0%).

Avnet, Inc. is a distributor of electronic components headquartered in Phoenix, Arizona, named after Charles Avnet, who founded the company in 1921. After its start on Manhattan's Radio Row, the company became incorporated in 1955 and began trading on the New York Stock Exchange in 1961. On May 8, 2018, Avnet changed stock markets to Nasdaq, trading under the same ticker AVT.

Fiserv, Inc. is an American multinational financial technology company headquartered in Milwaukee, Wisconsin. The company processes debit and credit card transactions, loyalty programs, loans, electronic bill pay, wires and ACH transfers, check deposits, and ATM transactions on behalf of banking institutions. The company also produces debit and credit cards and point of sale terminals.

AVT vs FISV — Head-to-Head

Bigger by revenue
AVT
AVT
1.2× larger
AVT
$6.3B
$5.3B
FISV
Growing faster (revenue YoY)
AVT
AVT
+10.9% gap
AVT
11.6%
0.6%
FISV
Higher net margin
FISV
FISV
14.4% more per $
FISV
15.3%
1.0%
AVT
More free cash flow
FISV
FISV
$1.3B more FCF
FISV
$1.5B
$192.9M
AVT
Faster 2-yr revenue CAGR
AVT
AVT
Annualised
AVT
5.7%
4.0%
FISV

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AVT
AVT
FISV
FISV
Revenue
$6.3B
$5.3B
Net Profit
$61.7M
$811.0M
Gross Margin
10.5%
Operating Margin
2.3%
24.4%
Net Margin
1.0%
15.3%
Revenue YoY
11.6%
0.6%
Net Profit YoY
-29.2%
-13.5%
EPS (diluted)
$0.75
$1.51

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
AVT
AVT
FISV
FISV
Q4 25
$6.3B
$5.3B
Q3 25
$5.9B
$5.3B
Q2 25
$5.6B
$5.5B
Q1 25
$5.3B
$5.1B
Q4 24
$5.7B
$5.3B
Q3 24
$5.6B
$5.2B
Q2 24
$5.6B
$5.1B
Q1 24
$5.7B
$4.9B
Net Profit
AVT
AVT
FISV
FISV
Q4 25
$61.7M
$811.0M
Q3 25
$51.7M
$792.0M
Q2 25
$6.1M
$1.0B
Q1 25
$87.9M
$851.0M
Q4 24
$87.3M
$938.0M
Q3 24
$59.0M
$564.0M
Q2 24
$82.7M
$894.0M
Q1 24
$88.8M
$735.0M
Gross Margin
AVT
AVT
FISV
FISV
Q4 25
10.5%
Q3 25
10.4%
Q2 25
10.6%
Q1 25
11.1%
Q4 24
10.5%
Q3 24
10.8%
Q2 24
11.6%
Q1 24
11.8%
Operating Margin
AVT
AVT
FISV
FISV
Q4 25
2.3%
24.4%
Q3 25
2.4%
27.3%
Q2 25
1.3%
30.7%
Q1 25
2.7%
27.2%
Q4 24
2.7%
31.8%
Q3 24
2.5%
30.7%
Q2 24
3.0%
28.0%
Q1 24
3.4%
24.2%
Net Margin
AVT
AVT
FISV
FISV
Q4 25
1.0%
15.3%
Q3 25
0.9%
15.0%
Q2 25
0.1%
18.6%
Q1 25
1.7%
16.6%
Q4 24
1.5%
17.9%
Q3 24
1.1%
10.8%
Q2 24
1.5%
17.5%
Q1 24
1.6%
15.1%
EPS (diluted)
AVT
AVT
FISV
FISV
Q4 25
$0.75
$1.51
Q3 25
$0.61
$1.46
Q2 25
$0.09
$1.86
Q1 25
$1.01
$1.51
Q4 24
$0.99
$1.63
Q3 24
$0.66
$0.98
Q2 24
$0.93
$1.53
Q1 24
$0.97
$1.24

Balance Sheet & Financial Strength

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

Metric
AVT
AVT
FISV
FISV
Cash + ST InvestmentsLiquidity on hand
$286.5M
$798.0M
Total DebtLower is stronger
$27.8B
Stockholders' EquityBook value
$4.9B
$25.8B
Total Assets
$13.2B
$80.1B
Debt / EquityLower = less leverage
1.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVT
AVT
FISV
FISV
Q4 25
$286.5M
$798.0M
Q3 25
$175.5M
$1.1B
Q2 25
$192.4M
$999.0M
Q1 25
$188.9M
$1.2B
Q4 24
$172.1M
$1.2B
Q3 24
$267.5M
$1.2B
Q2 24
$310.9M
$1.2B
Q1 24
$218.5M
$1.2B
Total Debt
AVT
AVT
FISV
FISV
Q4 25
$27.8B
Q3 25
$28.9B
Q2 25
$28.1B
Q1 25
$27.0B
Q4 24
$23.7B
Q3 24
$24.1B
Q2 24
$24.4B
Q1 24
$23.8B
Stockholders' Equity
AVT
AVT
FISV
FISV
Q4 25
$4.9B
$25.8B
Q3 25
$4.8B
$25.1B
Q2 25
$5.0B
$25.2B
Q1 25
$4.9B
$25.9B
Q4 24
$4.8B
$27.1B
Q3 24
$5.0B
$27.8B
Q2 24
$4.9B
$28.2B
Q1 24
$5.0B
$28.8B
Total Assets
AVT
AVT
FISV
FISV
Q4 25
$13.2B
$80.1B
Q3 25
$12.4B
$79.4B
Q2 25
$12.1B
$81.5B
Q1 25
$11.7B
$80.4B
Q4 24
$11.9B
$77.2B
Q3 24
$12.6B
$79.8B
Q2 24
$12.2B
$93.4B
Q1 24
$12.3B
$92.7B
Debt / Equity
AVT
AVT
FISV
FISV
Q4 25
1.08×
Q3 25
1.15×
Q2 25
1.11×
Q1 25
1.04×
Q4 24
0.88×
Q3 24
0.87×
Q2 24
0.87×
Q1 24
0.82×

Cash Flow & Capital Efficiency

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

Metric
AVT
AVT
FISV
FISV
Operating Cash FlowLast quarter
$208.2M
$1.9B
Free Cash FlowOCF − Capex
$192.9M
$1.5B
FCF MarginFCF / Revenue
3.1%
28.4%
Capex IntensityCapex / Revenue
0.2%
8.4%
Cash ConversionOCF / Net Profit
3.37×
2.40×
TTM Free Cash FlowTrailing 4 quarters
$217.7M
$4.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVT
AVT
FISV
FISV
Q4 25
$208.2M
$1.9B
Q3 25
$-144.6M
$1.8B
Q2 25
$139.5M
$1.7B
Q1 25
$140.9M
$648.0M
Q4 24
$337.8M
$2.2B
Q3 24
$106.3M
$2.2B
Q2 24
$274.3M
$1.3B
Q1 24
$499.3M
$831.0M
Free Cash Flow
AVT
AVT
FISV
FISV
Q4 25
$192.9M
$1.5B
Q3 25
$-169.2M
$1.3B
Q2 25
$79.9M
$1.2B
Q1 25
$114.1M
$313.0M
Q4 24
$308.5M
$1.8B
Q3 24
$74.5M
$1.8B
Q2 24
$248.0M
$993.0M
Q1 24
$457.2M
$411.0M
FCF Margin
AVT
AVT
FISV
FISV
Q4 25
3.1%
28.4%
Q3 25
-2.9%
24.7%
Q2 25
1.4%
21.5%
Q1 25
2.1%
6.1%
Q4 24
5.4%
34.7%
Q3 24
1.3%
35.2%
Q2 24
4.5%
19.4%
Q1 24
8.1%
8.4%
Capex Intensity
AVT
AVT
FISV
FISV
Q4 25
0.2%
8.4%
Q3 25
0.4%
9.6%
Q2 25
1.1%
8.7%
Q1 25
0.5%
6.5%
Q4 24
0.5%
7.6%
Q3 24
0.6%
7.7%
Q2 24
0.5%
6.8%
Q1 24
0.7%
8.6%
Cash Conversion
AVT
AVT
FISV
FISV
Q4 25
3.37×
2.40×
Q3 25
-2.79×
2.28×
Q2 25
22.91×
1.62×
Q1 25
1.60×
0.76×
Q4 24
3.87×
2.37×
Q3 24
1.80×
3.97×
Q2 24
3.32×
1.50×
Q1 24
5.62×
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVT
AVT

Electronic Components$5.9B93%
Premier Farnell$427.1M7%

FISV
FISV

Small Business$1.7B32%
Products$1.0B19%
Digital Payments$960.0M18%
Issuing$792.0M15%
Enterprise$587.0M11%
Processing$265.0M5%
Affiliated Entity$18.0M0%

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