Earnings quality
Compare earnings and operating cash flow for earnings quality.
Broadcom Inc.
Ticker AVGO · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2025-12-18 · Period end 2025-11-02
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 39.9%; equity ratio is 14.6%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin39.9%
Equity ratio14.6%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Broadcom Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 650-427-6000 · As of filing date 2025-12-18
Financial statements
Income statement
| Account | FY2024 (ended Nov 03, 2024) | FY2025 (ended Nov 02, 2025) |
|---|---|---|
| Revenue | $51.6B | $63.9B |
| Cost of sales* | $19.1B | $20.6B |
| Gross profit | $32.5B | $43.3B |
| Operating profit | $13.5B | $25.5B |
| Income tax | $3.7B | -$397.0M |
| Net income | $14.1B | $5.9B |
| Basic EPS | 1.27 | 4.91 |
Balance sheet
| Account | FY2024 (ended Nov 03, 2024) | FY2025 (ended Nov 02, 2025) |
|---|---|---|
| Cash & equivalents | $9.3B | $16.2B |
| Current assets | $19.6B | $31.6B |
| Non-current assets* | $146.1B | $139.5B |
| Total assets | $165.6B | $171.1B |
| Current liabilities | $16.7B | $18.5B |
| Non-current liabilities* | $81.3B | $71.3B |
| Total liabilities | $98.0B | $89.8B |
| Stockholders’ equity | $26.7B | $24.9B |
Cash flow statement
| Account | FY2024 (ended Nov 03, 2024) | FY2025 (ended Nov 02, 2025) |
|---|---|---|
| Operating cash flow | $20.0B | $27.5B |
| Investing cash flow | -$23.1B | -$580.0M |
| Financing cash flow | -$1.7B | -$20.1B |
| Cash at end of period | $9.3B | $16.2B |
Five-year trends
Key metrics
| Metric | Trend | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $27.4B | $33.2B | $35.8B | $51.6B | $63.9B | |
| Operating profit | $8.5B | $14.2B | $16.2B | $13.5B | $25.5B | |
| Net income | — | $11.5B | $14.1B | $5.9B | — | |
| Total assets | $75.6B | $73.2B | $72.9B | $165.6B | $171.1B | |
| Cash & equivalents | $12.2B | $12.4B | $14.2B | $9.3B | $16.2B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $51.6B to $63.9B (▲ +23.9%). Operating profit went from $13.5B to $25.5B (▲ +89.3%).
Operating cash flow was $27.5B (prior $20.0B), with cash on the balance sheet at $16.2B versus $9.3B.
Liquidity & leverage
Cash moved from $9.3B to $16.2B; current liabilities $18.5B.
Capital buffer
Stockholders’ equity moved from $26.7B to $24.9B.
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Source: SEC EDGAR 0001730168-25-000121
(Broadcom Inc.), period end 2025-11-02.