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Side-by-side financial comparison of TD SYNNEX CORP (SNX) and AT&T (T). Click either name above to swap in a different company.
AT&T is the larger business by last-quarter revenue ($31.5B vs $17.4B, roughly 1.8× TD SYNNEX CORP). AT&T runs the higher net margin — 13.3% vs 1.4%, a 11.8% gap on every dollar of revenue. On growth, TD SYNNEX CORP posted the faster year-over-year revenue change (9.7% vs 2.9%). AT&T produced more free cash flow last quarter ($2.5B vs $1.4B). Over the past eight quarters, TD SYNNEX CORP's revenue compounded faster (11.5% CAGR vs 2.8%).
TD Synnex Corporation is an American IT distribution company with a workforce of 22,000 in over 100 countries. It was formed in 2021 by the merger of Synnex and Tech Data. TD Synnex is led by CEO Patrick Zammit.
AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications conglomerate headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s third-largest telecommunications company by revenue, the third largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's biggest fiber internet provider.
SNX vs T — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $17.4B | $31.5B |
| Net Profit | $248.4M | $4.2B |
| Gross Margin | 6.9% | — |
| Operating Margin | 2.3% | 21.1% |
| Net Margin | 1.4% | 13.3% |
| Revenue YoY | 9.7% | 2.9% |
| Net Profit YoY | 27.5% | -10.9% |
| EPS (diluted) | $3.02 | $0.54 |
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.
| Q1 26 | — | $31.5B | ||
| Q4 25 | $17.4B | $33.5B | ||
| Q3 25 | $15.7B | $30.7B | ||
| Q2 25 | $14.9B | $30.8B | ||
| Q1 25 | $14.5B | $30.6B | ||
| Q4 24 | $15.8B | $32.3B | ||
| Q3 24 | $14.7B | $30.2B | ||
| Q2 24 | $13.9B | $29.8B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $248.4M | $3.8B | ||
| Q3 25 | $226.8M | $9.3B | ||
| Q2 25 | $184.9M | $4.5B | ||
| Q1 25 | $167.5M | $4.4B | ||
| Q4 24 | $194.8M | $4.1B | ||
| Q3 24 | $178.6M | $-174.0M | ||
| Q2 24 | $143.6M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 7.2% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 6.9% | — | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 7.0% | — |
| Q1 26 | — | 21.1% | ||
| Q4 25 | 2.3% | 17.3% | ||
| Q3 25 | 2.5% | 19.9% | ||
| Q2 25 | 2.2% | 21.1% | ||
| Q1 25 | 2.1% | 18.8% | ||
| Q4 24 | 2.0% | 16.5% | ||
| Q3 24 | 2.1% | 7.0% | ||
| Q2 24 | 1.9% | 19.3% |
| Q1 26 | — | 13.3% | ||
| Q4 25 | 1.4% | 11.3% | ||
| Q3 25 | 1.4% | 30.3% | ||
| Q2 25 | 1.2% | 14.6% | ||
| Q1 25 | 1.2% | 14.2% | ||
| Q4 24 | 1.2% | 12.6% | ||
| Q3 24 | 1.2% | -0.6% | ||
| Q2 24 | 1.0% | 12.1% |
| Q1 26 | — | $0.54 | ||
| Q4 25 | $3.02 | $0.52 | ||
| Q3 25 | $2.74 | $1.29 | ||
| Q2 25 | $2.21 | $0.62 | ||
| Q1 25 | $1.98 | $0.61 | ||
| Q4 24 | $2.28 | $0.56 | ||
| Q3 24 | $2.08 | $-0.03 | ||
| Q2 24 | $1.66 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.4B | $12.0B |
| Total DebtLower is stronger | $3.6B | $131.6B |
| Stockholders' EquityBook value | $8.5B | $125.6B |
| Total Assets | $34.3B | $421.2B |
| Debt / EquityLower = less leverage | 0.43× | 1.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.0B | ||
| Q4 25 | $2.4B | $18.2B | ||
| Q3 25 | $874.4M | $20.3B | ||
| Q2 25 | $767.1M | $10.5B | ||
| Q1 25 | $541.9M | $6.9B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $853.9M | $2.6B | ||
| Q2 24 | $1.2B | $3.1B |
| Q1 26 | — | $131.6B | ||
| Q4 25 | $3.6B | $127.1B | ||
| Q3 25 | $3.0B | $128.1B | ||
| Q2 25 | $3.7B | $123.1B | ||
| Q1 25 | $3.7B | $117.3B | ||
| Q4 24 | $3.7B | $118.4B | ||
| Q3 24 | $3.7B | $126.4B | ||
| Q2 24 | $3.7B | $125.4B |
| Q1 26 | — | $125.6B | ||
| Q4 25 | $8.5B | $126.5B | ||
| Q3 25 | $8.5B | $126.8B | ||
| Q2 25 | $8.3B | $121.4B | ||
| Q1 25 | $8.1B | $119.9B | ||
| Q4 24 | $8.0B | $118.2B | ||
| Q3 24 | $8.2B | $116.3B | ||
| Q2 24 | $8.0B | $119.3B |
| Q1 26 | — | $421.2B | ||
| Q4 25 | $34.3B | $420.2B | ||
| Q3 25 | $31.7B | $423.2B | ||
| Q2 25 | $30.5B | $405.5B | ||
| Q1 25 | $28.8B | $397.5B | ||
| Q4 24 | $30.3B | $394.8B | ||
| Q3 24 | $29.2B | $393.7B | ||
| Q2 24 | $27.7B | $398.0B |
| Q1 26 | — | 1.05× | ||
| Q4 25 | 0.43× | 1.00× | ||
| Q3 25 | 0.36× | 1.01× | ||
| Q2 25 | 0.45× | 1.01× | ||
| Q1 25 | 0.46× | 0.98× | ||
| Q4 24 | 0.46× | 1.00× | ||
| Q3 24 | 0.46× | 1.09× | ||
| Q2 24 | 0.47× | 1.05× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $7.6B |
| Free Cash FlowOCF − Capex | $1.4B | $2.5B |
| FCF MarginFCF / Revenue | 8.2% | 8.0% |
| Capex IntensityCapex / Revenue | 0.2% | 15.5% |
| Cash ConversionOCF / Net Profit | 5.88× | 1.82× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.6B | ||
| Q4 25 | $1.5B | $11.3B | ||
| Q3 25 | $246.1M | $10.2B | ||
| Q2 25 | $573.2M | $9.8B | ||
| Q1 25 | $-748.0M | $9.0B | ||
| Q4 24 | $561.9M | $11.9B | ||
| Q3 24 | $385.8M | $10.2B | ||
| Q2 24 | $-114.7M | $9.1B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $1.4B | $4.5B | ||
| Q3 25 | $213.9M | $5.3B | ||
| Q2 25 | $542.9M | $4.9B | ||
| Q1 25 | $-789.5M | $4.8B | ||
| Q4 24 | $512.9M | $5.1B | ||
| Q3 24 | $338.6M | $4.9B | ||
| Q2 24 | $-152.5M | $4.7B |
| Q1 26 | — | 8.0% | ||
| Q4 25 | 8.2% | 13.6% | ||
| Q3 25 | 1.4% | 17.1% | ||
| Q2 25 | 3.6% | 15.8% | ||
| Q1 25 | -5.4% | 15.6% | ||
| Q4 24 | 3.2% | 15.6% | ||
| Q3 24 | 2.3% | 16.3% | ||
| Q2 24 | -1.1% | 15.9% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | 0.2% | 20.3% | ||
| Q3 25 | 0.2% | 15.9% | ||
| Q2 25 | 0.2% | 15.9% | ||
| Q1 25 | 0.3% | 14.0% | ||
| Q4 24 | 0.3% | 21.2% | ||
| Q3 24 | 0.3% | 17.5% | ||
| Q2 24 | 0.3% | 14.6% |
| Q1 26 | — | 1.82× | ||
| Q4 25 | 5.88× | 2.99× | ||
| Q3 25 | 1.09× | 1.09× | ||
| Q2 25 | 3.10× | 2.17× | ||
| Q1 25 | -4.46× | 2.08× | ||
| Q4 24 | 2.88× | 2.92× | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | -0.80× | 2.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNX
Segment breakdown not available.
T
| Service | $25.5B | 81% |
| Equipment | $6.0B | 19% |
