Overview
Broadcom Inc.
Latest 10-K: FY2025, filed Dec 18, 2025 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $63.89B
- 23.9%YoYup from FY2024
- TotalRevenue
- Gross profit
- $43.29B
- 33.2%YoYup from FY2024
- GrossProfit
- Operating income
- $25.48B
- 89.3%YoYup from FY2024
- OperatingIncome
- Diluted EPS
- $4.77
- 287.8%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 4.85B
- 1.6%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Broadcom Inc. reported revenue of $63.89B for fiscal 2025, up 23.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.
Profitability
- Operating margin was 39.9%.
Per share
- Diluted EPS was $4.77, up 287.8% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $63.89B23.9%up Benchmark median 6.4% | $51.57B44.0%up Benchmark median 4.5% | $35.82B7.9%up Benchmark median 4.8% | $33.20B21.0%up Benchmark median 10.3% | $27.45B14.9%up Benchmark median 13.8% | 23.5% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $43.29B33.2%up Benchmark median 6.8% | $32.51B31.7%up Benchmark median 5.5% | $24.69B11.7%up Benchmark median 5.2% | $22.09B31.2%up Benchmark median 8.3% | $16.84B24.6%up Benchmark median 15.7% | 26.6% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $25.48B89.3%up Benchmark median 7.3% | $13.46B16.9%down Benchmark median 7.4% | $16.21B13.9%up Benchmark median 4.9% | $14.22B67.0%up Benchmark median 7.5% | $8.52B112.2%up Benchmark median 23.5% | 31.5% Benchmark median 7.2% |
| Net Income | — | $5.89B58.1%down Benchmark median 5.7% | $14.08B22.5%up Benchmark median 1.9% | $11.49B78.6%up Benchmark median 1.3% | $6.44B§141.7%up Benchmark median 33.9% | — Benchmark median 4.1% |
| EPS (Diluted) | $4.77287.8%up Benchmark median 6.2% | $1.2362.7%down Benchmark median 7.9% | $3.3024.5%up Benchmark median 1.9% | $2.65‡n/m Benchmark median 1.5% | $15.00137.0%up Benchmark median 34.8% | n/m Benchmark median 5.6% |
§ Net income available to common stockholders; the company files no net-income line.
‡ Share basis changed between these years (stock split or reverse split).
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $171.09B3.3%up Benchmark median 5.6% | $165.65B127.3%up Benchmark median 3.4% | $72.86B0.5%down Benchmark median 4.1% | $73.25B3.1%down Benchmark median 2.2% | $75.57B0.5%down Benchmark median 6.7% | 22.7% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $89.80B8.3%down Benchmark median 6.4% | $97.97B100.5%up Benchmark median 1.9% | $48.87B3.3%down Benchmark median 2.9% | $50.54B0.1%down Benchmark median 2.0% | $50.58B2.8%down Benchmark median 5.2% | 15.4% Benchmark median 4.4% |
| Stockholders' Equity | $81.29B20.1%up Benchmark median 6.8% | $67.68B182.1%up Benchmark median 5.4% | $23.99B5.6%up Benchmark median 7.3% | $22.71B9.0%down Benchmark median 2.5% | $24.96B4.6%up Benchmark median 9.0% | 34.3% Benchmark median 6.1% |
| Cash & Equivalents | $16.18B73.1%up Benchmark median 5.2% | $9.35B34.1%down Benchmark median 1.9% | $14.19B14.3%up Benchmark median 6.7% | $12.42B2.1%up Benchmark median -8.6% | $12.16B59.7%up Benchmark median -2.9% | 7.4% Benchmark median 2.0% |
| Total Debt | $67.12B3.9%down Benchmark median 2.1% | $69.85B78.3%up Benchmark median 0.2% | $39.18B0.7%down Benchmark median 0.3% | $39.48B0.6%down Benchmark median 0.1% | $39.70B4.3%down Benchmark median -0.1% | 14.0% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.54B37.9%up Benchmark median 6.3% | $19.96B10.4%up Benchmark median 4.8% | $18.09B8.1%up Benchmark median 9.9% | $16.74B21.6%up Benchmark median -0.7% | $13.76B14.1%up Benchmark median 10.7% | 18.9% Benchmark median 7.0% |
| Capital Expenditures | $623.00M13.7%up Benchmark median 5.4% | $548.00M21.2%up Benchmark median 2.8% | $452.00M6.6%up Benchmark median 11.3% | $424.00M4.3%down Benchmark median 14.0% | $443.00M4.3%down Benchmark median 8.1% | 8.9% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $26.91B38.6%up Benchmark median 7.3% | $19.41B10.1%up Benchmark median 6.1% | $17.63B8.1%up Benchmark median 8.8% | $16.31B22.5%up Benchmark median -11.3% | $13.32B14.9%up Benchmark median 10.2% | 19.2% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
1.3%
Wall Street
on net earnings
FY2024 0.7%
1.5%
Value investor
on free cash flow
FY2024 2.4%
Gap +0.2 pts: Value-investor figure 0.2 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 77.5×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
1.8%
Wall Street
on EBITDA
FY2024 1.6%
1.4%
Value investor
on EBIT
FY2024 1.0%
Gap −0.4 pts: Value-investor figure 0.4 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 55.0×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
4.5%
Wall Street
on book equity
FY2024 8.4%
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 22.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
— Not reported
Wall Street
ROE: net income ÷ equity
FY2024 12.9%
18.3%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 6.2%
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
52.5%
Wall Street
EBITDA margin
FY2024 44.1%
42.1%
Value investor
Free-cash-flow margin
FY2024 37.6%
Gap −10.4 pts: Value-investor figure 10.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.71×
Wall Street
Current ratio
FY2024 1.17×
1.58×
Value investor
Quick ratio, inventory excluded
FY2024 1.07×
Gap −0.13×: Value-investor figure 0.13 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.50×
Wall Street
EBITDA ÷ total debt
FY2024 0.33×
0.40×
Value investor
FCF ÷ total debt
FY2024 0.28×
Gap −0.10×: Value-investor figure 0.10 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.52×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
10.5×
Wall Street
EBITDA ÷ interest
FY2024 5.8×
7.9×
Value investor
EBIT ÷ interest
FY2024 3.4×
Gap −2.6×: Value-investor figure 2.6 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on AVGO yet.
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Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/AVGO
Valuein. (2026, October 30). Broadcom Inc. (AVGO) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/AVGO
@misc{valuein_avgo_2026,
author = {{Valuein}},
title = {Broadcom Inc. (AVGO) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/AVGO}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Dec 18, 2025 · accession 0001730168-25-000121
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point-in-time · survivorship-free · every number traceable to its SEC filing
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