Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Arrow Electronics, Inc.ARW · shops
GradeTortoiseCmiddle fifth of 258 graded peers; percentile 54.9, sampling error 2.9 points; lower is stronger
Rank142 of 258
ProfitabilityDpercentile 67.8
SolvencyCpercentile 50.7
Growth and financingBpercentile 33.5
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $29.1B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone activenot computable: distress, fortress balance sheet
Inputs computable8 of 14
Graded fromfilings received through Feb 11, 2026240 days before the rescan; every figure keyed to the SEC receipt date
Last close$226.962026-10-08; market equity $11.6B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$100$200NovDecJanFebMarAprMayJunJulAugSepOctB/CC$226.75
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/aQ5
Feb 21, 2014C/D57.9Q5
Apr 21, 2014D66.4Q5
Oct 21, 2014C/D63.3Q5
Dec 21, 2014D64.3Q5
Feb 21, 2015C/D57.2Q5
Mar 21, 2015C55.2Q5
Sep 21, 2015C/D57.6Q5
Feb 21, 2016D/E83.6Q5
Aug 21, 2017D75.6Q5
Nov 21, 2017D/E77.5Q5
Feb 21, 2018nonen/aQ5
Feb 21, 2019D72.0Q5
Feb 21, 2020C50.3Q5
Feb 21, 2021nonen/aQ5
Feb 21, 2022C/D63.2Q5
Jul 21, 2022D63.4Q5
Feb 21, 2023C55.3Q5
Feb 21, 2024D/E81.6Q5
Apr 21, 2024D75.3Q5
Feb 21, 2025C47.0Q5
Apr 21, 2025B/C42.1Q5
Feb 21, 2026C52.4Q5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 11, 2026; the document on sec.gov.

Arrow Electronics, Inc. (the “company” or “Arrow”) sources and engineers technology for thousands of leading manufacturers, service providers, and users of enterprise computing solutions. The company has one of the world’s broadest portfolios of product offerings available from leading electronic components and enterprise computing solutions suppliers. Equipped with a range of services, solutions, and software, the company helps industrial and commercial customers introduce innovative products, reduce their time to market, and enhance their overall competitiveness. Arrow was incorporated in New York in 1946.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 67.8
Gross profitability11.9%[1,3]42.6%88.02422025-12-31
Return on invested capitalnot computable10.9%
one or more required annual facts are missing
Accruals ratio2.0%[1,4-6](4.9%)93.42872025-12-31
Gross margin stability, five years0.6 pts[2-3,7-14]1.2 pts22.02192025-12-31
Solvency, sleeve percentile 50.7
Twelve-month failure probabilitynot computable0.04%
liabilities and a nearby cover-page share count are required at 2026-07-04
Altman Z double-primenot computable1.92
one or more required annual facts are missing
Net debt to EBITDAnot computable1.84x
one or more required annual facts are missing
Interest coveragenot computable2.26x
one or more required annual facts are missing
Current ratio1.36x[15-16]1.37x50.72952025-12-31
Growth and financing, sleeve percentile 33.5
Revenue growth, three-year compound(6.0%)[2,8,10,12]1.5%78.72692025-12-31
Free cash flow growth, three-year compoundnot computable5.6%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment rate155.2%[15-23]7.3%6.01522025-12-31
Asset growth, three years10.1%[1,6,24-25]3.4%18.82722025-12-31
Net share issuance, one year(2.1%)[26-27](0.6%)30.52112026-02-03

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.015; sampling error 2.9 percentile points on 258 peers.

Among 258 Peers [top]

ABCDECOST, Costco Wholesale Corp.; A, percentile 4.7; market equity $420.1B; warnings: fortress balance sheetCOSTAMZN, Amazon COM Inc.; A/B, percentile 20.2; market equity $2.7T; warnings: fortress balance sheetAMZNHD, Home Depot, Inc.; B, percentile 32.3; market equity $294.8BHDTJX, TJX Companies Inc.; C, percentile 43.6; market equity $152.6BTJXWMT, Walmart Inc.; C, percentile 52.9; market equity $877.2BWMTMCD, Mcdonalds Corp.; D, percentile 63.4; market equity $167.6BMCDARW 54.9strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
137Walmart Inc. (WMT)

Walmart Inc. (WMT)

Cmiddle fifth; percentile 52.9

Nasdaq · Retail-Variety Stores

market equity $877.2B; last close $110.59

No active warnings; 9 of 14 inputs

52.9C
138Natural Health Trends Corp. (NHTC)

Natural Health Trends Corp. (NHTC)

Cmiddle fifth; percentile 53.3

Nasdaq · Wholesale-Miscellaneous Nondurable Goods

market equity $8.0M; last close $0.99

No active warnings; 9 of 14 inputs

53.3C
139Insight Enterprises Inc. (NSIT)

Insight Enterprises Inc. (NSIT)

Cmiddle fifth; percentile 53.7

Nasdaq · Retail-Catalog & Mail-Order Houses

market equity $4.7B; last close $161.37

No active warnings; 12 of 14 inputs

53.7C
140Lithia Motors Inc. (LAD)

Lithia Motors Inc. (LAD)

Cmiddle fifth; percentile 54.1

NYSE · Retail-Auto Dealers & Gasoline Stations

market equity $6.4B; last close $288.78

No active warnings; 9 of 14 inputs

54.1C
141Climb Global Solutions, Inc. (CLMB)

Climb Global Solutions, Inc. (CLMB)

Cmiddle fifth; percentile 54.5

Nasdaq · Wholesale-Computers & Peripheral Equipment & Software

market equity $608.3M; last close $32.55

Warnings: fortress balance sheet; 8 of 14 inputs

54.5Cfortress balance sheet
142Arrow Electronics, Inc. (ARW)

Arrow Electronics, Inc. (ARW)

Cmiddle fifth; percentile 54.9

NYSE · Wholesale-Electronic Parts & Equipment, NEC

market equity $11.5B; last close $226.96

No active warnings; 8 of 14 inputs

54.9C
143Barnes & Noble Education, Inc. (BNED)

Barnes & Noble Education, Inc. (BNED)

Cmiddle fifth; percentile 55.3

NYSE · Retail-Miscellaneous Shopping Goods Stores

market equity $413.9M; last close $11.92

Warnings: late filer; 10 of 14 inputs

55.3Clate filer
144Victoria's Secret & Co. (VSXY)

Victoria's Secret & Co. (VSXY)

Cmiddle fifth; percentile 55.6

NYSE · Retail-Women's Clothing Stores

market equity $6.9B; last close $86.53

No active warnings; 10 of 14 inputs

55.6C
145Cheesecake Factory Inc. (CAKE)

Cheesecake Factory Inc. (CAKE)

Cmiddle fifth; percentile 56.0

Nasdaq · Retail-Eating Places

market equity $5.3B; last close $106.85

No active warnings; 8 of 14 inputs

56.0C
146BlueLinx Holdings Inc. (BXC)

BlueLinx Holdings Inc. (BXC)

Cmiddle fifth; percentile 56.4

NYSE · Wholesale-Lumber, Plywood, Millwork & Wood Panels

market equity $560.4M; last close $71.35

No active warnings; 10 of 14 inputs

56.4C
147Grocery Outlet Holding Corp. (GO)

Grocery Outlet Holding Corp. (GO)

Cmiddle fifth; percentile 56.8

Nasdaq · Retail-Grocery Stores

market equity $1.2B; last close $11.93

No active warnings; 10 of 14 inputs

56.8C
Peer policyLetterPercentilePeers
all graded filers, equal sleevesC/D60.92204
sector peers, equal sleeves (the grade)C54.9258
same exchange, equal sleevesC54.7984
sector peers, equal inputsC47.5258

Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month69.0%(0.1%)93hotter than 93 of 100 peers
Distance from 52-week high(6.3%)(24.1%)90closer to its high than 90 of 100 peers
EBIT to enterprise valuenot computable5.3%required accounting or market input is missing
Free cash flow yield(0.3%)4.2%21pricier than 79 of 100 peers
Book value to price0.610.3666pricier than 34 of 100 peers
Sales to price2.671.7566pricier than 34 of 100 peers
Composite equity issuance, five years(38.2%)(16.7%)12more equity-funded than 12 of 100 peers
Relative strength against the sector, log excess return0.550.0293ahead of 93 of 100 peers

Inputs: market equity $11.5B; EBIT $822.2M; free cash flow -$37.2M; book equity $7.0B; sales $30.9B; cash $244.6M[28].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: 6 of 9, period end 2025-12-31
Return on assets above zero2.6%✓ pass[4,6]
Operating cash flow above zero$64.0M✓ pass[5]
Return on assets improved0.8 pts✓ pass[4,6,24,29]
Operating cash flow exceeds net income-$507.2M✗ fail[4-5]
Long-term leverage fell(0.6 pts)✓ pass[1,6,24,30-31]
Current ratio improved(9.5 pts)✗ fail[15-16,22-23]
No new shares issued(2.1%)✓ pass[26-27]
Gross margin improved(0.6 pts)✗ fail[2-3,7-8]
Asset turnover improved13.3 pts✓ pass[2,6,8,24]
Cash, filings, liquidity
Cash and equivalents$244.6M[32]
Operating cash flow, four quarters$936.4M[5,32-36]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing64
10-Q received Aug 6, 2026
Median daily dollar volume$109.1M
63 sessions
Days since newest grade input240

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$29.1B2025-12-312026-02-1110-Kfiling · viewer · series
2revenueus-gaap:Revenues$30.9B2025-12-312026-02-1110-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$3.5B2025-12-312026-02-1110-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss$571.3M2025-12-312026-02-1110-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$64.0M2025-12-312026-02-1110-Kfiling · viewer · series
6assetsus-gaap:Assets$21.8B2024-12-312026-02-1110-Kfiling · viewer · series
7gross profitus-gaap:GrossProfit$3.3B2024-12-312026-02-1110-Kfiling · viewer · series
8revenueus-gaap:Revenues$27.9B2024-12-312026-02-1110-Kfiling · viewer · series
9gross profitus-gaap:GrossProfit$4.1B2023-12-312026-02-1110-Kfiling · viewer · series
10revenueus-gaap:Revenues$33.1B2023-12-312026-02-1110-Kfiling · viewer · series
11gross profitus-gaap:GrossProfit$4.8B2022-12-312025-02-1110-Kfiling · viewer · series
12revenueus-gaap:Revenues$37.1B2022-12-312025-02-1110-Kfiling · viewer · series
13gross profitus-gaap:GrossProfit$4.2B2021-12-312024-02-1310-Kfiling · viewer · series
14revenueus-gaap:Revenues$34.5B2021-12-312024-02-1310-Kfiling · viewer · series
15current assetsus-gaap:AssetsCurrent$25.7B2025-12-312026-02-1110-Kfiling · viewer · series
16current liabilitiesus-gaap:LiabilitiesCurrent$18.8B2025-12-312026-02-1110-Kfiling · viewer · series
17capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$101.3M2025-12-312026-02-1110-Kfiling · viewer · series
18depreciation amortizationus-gaap:DepreciationDepletionAndAmortization$137.8M2025-12-312026-02-1110-Kfiling · viewer · series
19operating incomeus-gaap:OperatingIncomeLoss$822.2M2025-12-312026-02-1110-Kfiling · viewer · series
20pretax incomeus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest$717.9M2025-12-312026-02-1110-Kfiling · viewer · series
21income taxus-gaap:IncomeTaxExpenseBenefit$148.2M2025-12-312026-02-1110-Kfiling · viewer · series
22current assetsus-gaap:AssetsCurrent$18.4B2024-12-312026-02-1110-Kfiling · viewer · series
23current liabilitiesus-gaap:LiabilitiesCurrent$12.6B2024-12-312026-02-1110-Kfiling · viewer · series
24assetsus-gaap:Assets$21.7B2023-12-312025-02-1110-Kfiling · viewer · series
25assetsus-gaap:Assets$21.8B2022-12-312024-02-1310-Kfiling · viewer · series
26shares outstandingdei:EntityCommonStockSharesOutstanding51,086,1652026-02-032026-02-1110-Kfiling · viewer · series
27shares outstandingdei:EntityCommonStockSharesOutstanding52,172,3032025-02-042025-02-1110-Kfiling · viewer · series
28shares outstandingdei:EntityCommonStockSharesOutstanding50,905,4232026-07-302026-08-0610-Qfiling · viewer · series
29net incomeus-gaap:NetIncomeLoss$392.1M2024-12-312026-02-1110-Kfiling · viewer · series
30long term debtus-gaap:LongTermDebtNoncurrent$3.1B2025-12-312026-02-1110-Kfiling · viewer · series
31long term debtus-gaap:LongTermDebtNoncurrent$2.8B2024-12-312026-02-1110-Kfiling · viewer · series
32cashus-gaap:CashAndCashEquivalentsAtCarryingValue$244.6M2026-07-042026-08-0610-Qfiling · viewer · series
33operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.0B2026-07-042026-08-0610-Qfiling · viewer · series
34operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$699.8M2026-04-042026-05-0710-Qfiling · viewer · series
35operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$135.9M2025-09-272025-10-3010-Qfiling · viewer · series
36operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$145.8M2025-06-282026-08-0610-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 54.9 is 5.1 points from the nearest band edge; sampling error is 2.9 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.