Broadcom (AVGO) | Financial Analysis & Statements
Broadcom Inc. Mega-cap Technology
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Oct 2025Income Metrics
Revenue
18.0B
Gross Profit
12.2B
67.99%
Operating Income
7.7B
42.49%
Net Income
8.5B
47.28%
EPS (Diluted)
$1.74
Balance Sheet Metrics
Total Assets
171.1B
Total Liabilities
89.8B
Shareholders Equity
81.3B
Debt to Equity
1.10
Cash Flow Metrics
Operating Cash Flow
7.7B
Free Cash Flow
7.5B
Revenue & Profitability Trend
Quarter Income Flow
Oct 31, 2025
Annual Income Flow
2025
Broadcom Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 63.9B | 51.6B | 35.8B | 33.2B | 27.4B |
| Cost of Goods Sold | 20.6B | 19.1B | 11.1B | 11.1B | 10.6B |
| Gross Profit | 43.3B | 32.5B | 24.7B | 22.1B | 16.8B |
| Gross Margin % | 67.8% | 63.0% | 68.9% | 66.5% | 61.4% |
| Operating Expenses | |||||
| Research & Development | 11.0B | 9.3B | 5.3B | 4.9B | 4.9B |
| Selling, General & Administrative | 4.2B | 5.0B | 1.6B | 1.4B | 1.3B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 15.2B | 14.3B | 6.8B | 6.3B | 6.2B |
| Operating Income | 26.1B | 15.0B | 16.5B | 14.3B | 8.7B |
| Operating Margin % | 40.8% | 29.1% | 45.9% | 43.0% | 31.6% |
| Non-Operating Items | |||||
| Interest Income | 347.0M | 461.0M | 535.0M | 100.0M | 16.0M |
| Interest Expense | 3.2B | 4.0B | 1.6B | 1.7B | 1.9B |
| Other Non-Operating Income | -483.0M | -1.6B | -267.0M | -211.0M | -33.0M |
| Pre-tax Income | 22.7B | 9.9B | 15.1B | 12.4B | 6.8B |
| Income Tax | -397.0M | 3.7B | 1.0B | 939.0M | 29.0M |
| Effective Tax Rate % | -1.7% | 37.8% | 6.7% | 7.6% | 0.4% |
| Net Income | 23.1B | 5.9B | 14.1B | 11.5B | 6.7B |
| Net Margin % | 36.2% | 11.4% | 39.3% | 34.6% | 24.5% |
| Key Metrics | |||||
| EBITDA | 35.3B | 25.4B | 20.8B | 19.4B | 14.7B |
| EPS (Basic) | $4.91 | $1.27 | $3.39 | $2.74 | $1.57 |
| EPS (Diluted) | $4.77 | $1.23 | $3.30 | $2.65 | $1.50 |
| Basic Shares Outstanding | 4712000000 | 4624000000 | 4149000000 | 4089000000 | 4110275607 |
| Diluted Shares Outstanding | 4712000000 | 4624000000 | 4149000000 | 4089000000 | 4110275607 |
Income Statement Trend
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Broadcom Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 16.2B | 9.3B | 14.2B | 12.4B | 12.2B |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 7.1B | 4.4B | 3.2B | 3.0B | 2.1B |
| Inventory | 2.3B | 1.8B | 1.9B | 1.9B | 1.3B |
| Other Current Assets | 457.0M | 764.0M | 364.0M | 341.0M | 516.0M |
| Total Current Assets | 31.6B | 19.6B | 20.8B | 18.5B | 16.6B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 227.9B | 236.3B | 91.2B | 94.3B | 98.3B |
| Intangible Assets | 32.3B | 40.6B | 3.9B | 7.1B | 11.4B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 6.9B | 5.1B | 2.3B | 1.8B | 1.8B |
| Total Non-Current Assets | 139.5B | 146.0B | 52.0B | 54.7B | 59.0B |
| Total Assets | 171.1B | 165.6B | 72.9B | 73.2B | 75.6B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.6B | 1.7B | 1.2B | 998.0M | 1.1B |
| Short-term Debt | 3.2B | 1.3B | 1.6B | 440.0M | 290.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 663.0M | 1.1B | 312.0M | 408.0M | 397.0M |
| Total Current Liabilities | 18.5B | 16.7B | 7.4B | 7.1B | 6.3B |
| Non-Current Liabilities | |||||
| Long-term Debt | 62.0B | 66.3B | 37.6B | 39.1B | 39.4B |
| Deferred Tax Liabilities | 2.7B | 4.7B | 99.0M | - | - |
| Other Non-Current Liabilities | 1.4B | 1.5B | 657.0M | 774.0M | 887.0M |
| Total Non-Current Liabilities | 71.3B | 81.3B | 41.5B | 43.5B | 44.3B |
| Total Liabilities | 89.8B | 98.0B | 48.9B | 50.5B | 50.6B |
| Equity | |||||
| Common Stock | 5.0M | 5.0M | 4.0M | 0 | 0 |
| Retained Earnings | 9.8B | 0 | 2.7B | 1.6B | 748.0M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 81.3B | 67.7B | 24.0B | 22.7B | 25.0B |
| Key Metrics | |||||
| Total Debt | 65.1B | 67.6B | 39.2B | 39.5B | 39.7B |
| Working Capital | 13.1B | 2.9B | 13.4B | 11.5B | 10.3B |
Balance Sheet Composition
Broadcom Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 23.1B | 5.9B | 14.1B | 11.5B | 6.7B |
| Depreciation & Amortization | 8.8B | 10.0B | 3.8B | 5.0B | 6.0B |
| Stock-Based Compensation | 7.6B | 5.7B | 2.2B | 1.5B | 1.7B |
| Working Capital Changes | -8.5B | -4.6B | -1.6B | -1.7B | -127.0M |
| Operating Cash Flow | 27.4B | 19.8B | 18.1B | 16.6B | 13.6B |
| Investing Activities | |||||
| Capital Expenditures | -623.0M | -548.0M | -452.0M | -424.0M | -443.0M |
| Acquisitions | 300.0M | -22.5B | -53.0M | -246.0M | 37.0M |
| Investment Purchases | -597.0M | -175.0M | -346.0M | -200.0M | 0 |
| Investment Sales | 248.0M | 156.0M | 228.0M | 200.0M | 169.0M |
| Investing Cash Flow | -580.0M | -23.1B | -689.0M | -667.0M | -245.0M |
| Financing Activities | |||||
| Share Repurchases | -6.3B | -12.4B | -7.7B | -8.5B | -1.3B |
| Dividends Paid | -11.1B | -9.8B | -7.6B | -7.0B | -6.2B |
| Debt Issuance | 15.7B | 40.0B | 0 | 1.9B | 9.9B |
| Debt Repayment | -18.5B | -19.6B | -403.0M | -2.4B | -11.5B |
| Financing Cash Flow | -20.1B | -1.7B | -15.6B | -15.8B | -9.0B |
| Free Cash Flow | 26.9B | 19.4B | 17.6B | 16.3B | 13.3B |
| Net Change in Cash | 6.7B | -5.0B | 1.8B | 153.0M | 4.3B |
Cash Flow Trend
Broadcom Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
78.09
Forward P/E
22.20
Price to Book
23.85
Price to Sales
27.93
PEG Ratio
2.40
Profitability Ratios
Profit Margin
36.57%
Operating Margin
44.94%
Return on Equity
33.37%
Return on Assets
10.66%
Financial Health
Current Ratio
1.90
Debt to Equity
82.70
Beta
1.25
Per Share Data
EPS (TTM)
$5.15
Book Value per Share
$16.87
Revenue per Share
$14.46
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| AVGO | 2.0T | 78.09 | 23.85 | 33.37% | 36.57% | 82.70 |
| Nvidia | 4.9T | 40.83 | 30.85 | 101.49% | 55.60% | 7.26 |
| Micron Technology | 543.3B | 22.98 | 7.59 | 39.82% | 41.49% | 14.90 |
| Advanced Micro | 497.8B | 116.27 | 7.85 | 7.08% | 12.52% | 6.36 |
| Intel | 414.4B | 809.33 | 3.61 | -2.91% | -5.90% | 36.03 |
| Texas Instruments | 257.0B | 48.33 | 15.73 | 32.35% | 29.11% | 83.74 |
Financial data is updated regularly. All figures are in the company's reporting currency.






