# Electronics & Computer Distribution — company-by-company sector analysis

> Electronics & Computer Distribution: TD SYNNEX Corporation owns the largest revenue base; Climb Global Solutions, Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice.

## Bottom line

Electronics & Computer Distribution has outperformed S&P 500 by 23.3% over 52 weeks and 27.1% over 13 weeks. 6 of 7 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 7 beat the sector itself. TD SYNNEX Corporation leads with revenue of $69,766 million, based on 6 of 7 comparable companies through Jun 2026.

### Is the Electronics & Computer Distribution sector outperforming S&P 500?

Electronics & Computer Distribution has outperformed S&P 500 by 23.3% over 52 weeks and 27.1% over 13 weeks. 6 of 7 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 7 beat the sector itself.

### Which Electronics & Computer Distribution company is largest by revenue?

TD SYNNEX Corporation leads with revenue of $69,766 million, based on 6 of 7 comparable companies through Jun 2026.

### Which Electronics & Computer Distribution company is growing fastest?

Climb Global Solutions, Inc. has the fastest current revenue growth at 36.2%, across 6 of 7 comparable companies.

### Which Electronics & Computer Distribution company has the strongest 4-Factor Sector Score?

Arrow Electronics, Inc. ranks first at 65.9/100 with 58.7% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Electronics & Computer Distribution company reports the most CAPEX?

TD SYNNEX Corporation reports the largest latest CAPEX at $67 million, with 7 of 7 companies comparable.

### Which Electronics & Computer Distribution company has the least gross debt?

Climb Global Solutions, Inc. has the lowest comparable gross debt at $2 million. TD SYNNEX Corporation has the highest at $4,720 million.

### Which Electronics & Computer Distribution company has the lowest comparable PEG?

TD SYNNEX Corporation has the lowest comparable Guarded PEG at 0.26, among 5 of 7 companies that pass the metric’s comparability rules.

### How much history does this Electronics & Computer Distribution comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Electronics & Computer Distribution has outperformed S&P 500 by 23.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 27.1%. 6 of 7 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Arrow Electronics, Inc. is the strongest against the sector itself at +6.5%.

13-week sector return versus NIFTY 500: 27%
52-week sector return versus NIFTY 500: 23%
Stocks leading NIFTY: 6/7
Stocks leading sector: 4/7

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 7
Combined market value: ₹45.2K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Arrow Electronics, Inc. (ARW): 66/100 — Thin evidence · provisional; evidence 59%
   - Growth & earnings 23.1/35 | Capital efficiency 15.3/25 | Valuation 11.5/20 | Relative strength 16.0/20
   - Exact sum: 23.1 + 15.3 + 11.5 + 16 = 65.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. TD SYNNEX Corporation (SNX): 63/100 — Mixed-positive evidence; evidence 86%
   - Growth & earnings 26.8/35 | Capital efficiency 12.1/25 | Valuation 14.0/20 | Relative strength 9.9/20
   - Exact sum: 26.8 + 12.1 + 14 + 9.9 = 62.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. ScanSource, Inc. (SCSC): 51/100 — Mixed-positive evidence; evidence 76%
   - Growth & earnings 14.0/35 | Capital efficiency 11.0/25 | Valuation 15.0/20 | Relative strength 10.9/20
   - Exact sum: 14 + 11 + 15 + 10.9 = 50.9
   - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
4. Avnet, Inc. (AVT): 46/100 — Mixed-negative evidence; evidence 72%
   - Growth & earnings 15.0/35 | Capital efficiency 10.1/25 | Valuation 8.5/20 | Relative strength 12.7/20
   - Exact sum: 15 + 10.1 + 8.5 + 12.7 = 46.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. PC Connection, Inc. (CNXN): 43/100 — Mixed-negative evidence; evidence 82%
   - Growth & earnings 15.5/35 | Capital efficiency 12.6/25 | Valuation 5.0/20 | Relative strength 10.1/20
   - Exact sum: 15.5 + 12.6 + 5 + 10.1 = 43.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Insight Enterprises, Inc. (NSIT): 41/100 — Mixed-negative evidence; evidence 82%
   - Growth & earnings 11.2/35 | Capital efficiency 7.1/25 | Valuation 13.3/20 | Relative strength 9.6/20
   - Exact sum: 11.2 + 7.1 + 13.3 + 9.6 = 41.2
   - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7. Climb Global Solutions, Inc. (CLMB): 40/100 — Mixed-negative evidence; evidence 76%
   - Growth & earnings 16.0/35 | Capital efficiency 13.2/25 | Valuation 7.0/20 | Relative strength 3.7/20
   - Exact sum: 16 + 13.2 + 7 + 3.7 = 39.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: TD SYNNEX Corporation is the scale leader at $69,766 million, 179.6% ahead of Avnet, Inc.. Climb Global Solutions, Inc.'s growth is 36.2% from a $696 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: TD SYNNEX Corporation is the scale benchmark; Climb Global Solutions, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: TD SYNNEX Corporation's growth falls below Climb Global Solutions, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: TD SYNNEX Corporation · $69,766 million | 179.6% versus #2 · Avnet, Inc. | 8/8 recent comparable periods | 6/7 companies · 131 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. TD SYNNEX Corporation (SNX): ₹69.8K Cr
2. Avnet, Inc. (AVT): ₹25.0K Cr
3. Insight Enterprises, Inc. (NSIT): ₹8.3K Cr
4. ScanSource, Inc. (SCSC): ₹3.1K Cr
5. PC Connection, Inc. (CNXN): ₹2.9K Cr

### Revenue growth — fastest growers
1. Climb Global Solutions, Inc. (CLMB): 36%
2. TD SYNNEX Corporation (SNX): 16%
3. Avnet, Inc. (AVT): 13%
4. ScanSource, Inc. (SCSC): 3.8%
5. PC Connection, Inc. (CNXN): 0.8%

### 20-quarter Revenue history
- SNX: Sep 2021 ₹5.2K Cr | Dec 2021 ₹15.6K Cr | Mar 2022 ₹15.5K Cr | Jun 2022 ₹15.3K Cr | Sep 2022 ₹15.4K Cr | Dec 2022 ₹16.2K Cr | Mar 2023 ₹15.1K Cr | Jun 2023 ₹14.1K Cr | Sep 2023 ₹14.0K Cr | Dec 2023 ₹14.4K Cr | Mar 2024 ₹14.0K Cr | Jun 2024 ₹13.9K Cr | Sep 2024 ₹14.7K Cr | Dec 2024 ₹15.8K Cr | Mar 2025 ₹14.5K Cr | Jun 2025 ₹14.9K Cr | Sep 2025 ₹15.7K Cr | Dec 2025 ₹17.4K Cr | Mar 2026 ₹17.2K Cr | Jun 2026 ₹19.6K Cr
- ARW: Sep 2021 ₹8.6K Cr | Dec 2021 ₹8.5K Cr | Mar 2022 — | Jun 2022 ₹9.1K Cr | Sep 2022 ₹9.5K Cr | Dec 2022 ₹9.3K Cr | Mar 2023 — | Jun 2023 ₹8.7K Cr | Sep 2023 ₹8.5K Cr | Dec 2023 ₹7.8K Cr | Mar 2024 ₹6.9K Cr | Jun 2024 ₹6.9K Cr | Sep 2024 ₹6.8K Cr | Dec 2024 ₹7.3K Cr | Mar 2025 ₹6.8K Cr | Jun 2025 ₹7.6K Cr | Sep 2025 ₹7.7K Cr | Dec 2025 ₹8.7K Cr | Mar 2026 — | Jun 2026 ₹9.5K Cr
- AVT: Sep 2021 ₹5.2K Cr | Dec 2021 ₹5.6K Cr | Mar 2022 ₹5.9K Cr | Jun 2022 ₹6.5K Cr | Sep 2022 ₹6.4K Cr | Dec 2022 ₹6.8K Cr | Mar 2023 — | Jun 2023 ₹6.5K Cr | Sep 2023 ₹6.6K Cr | Dec 2023 ₹6.2K Cr | Mar 2024 ₹5.7K Cr | Jun 2024 ₹5.6K Cr | Sep 2024 ₹5.6K Cr | Dec 2024 ₹5.7K Cr | Mar 2025 ₹5.3K Cr | Jun 2025 ₹5.6K Cr | Sep 2025 ₹5.9K Cr | Dec 2025 ₹6.3K Cr | Mar 2026 ₹7.1K Cr | Jun 2026 —
- NSIT: Sep 2021 ₹2.4K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.7K Cr | Jun 2022 ₹2.7K Cr | Sep 2022 ₹2.5K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 ₹2.3K Cr | Jun 2023 ₹2.4K Cr | Sep 2023 ₹2.3K Cr | Dec 2023 ₹2.2K Cr | Mar 2024 ₹2.4K Cr | Jun 2024 ₹2.2K Cr | Sep 2024 ₹2.1K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹2.1K Cr | Sep 2025 ₹2.0K Cr | Dec 2025 ₹2.0K Cr | Mar 2026 ₹2.1K Cr | Jun 2026 —
- CNXN: Sep 2021 ₹751 Cr | Dec 2021 ₹800 Cr | Mar 2022 ₹788 Cr | Jun 2022 ₹829 Cr | Sep 2022 ₹776 Cr | Dec 2022 ₹732 Cr | Mar 2023 ₹728 Cr | Jun 2023 ₹734 Cr | Sep 2023 ₹693 Cr | Dec 2023 ₹696 Cr | Mar 2024 ₹632 Cr | Jun 2024 ₹736 Cr | Sep 2024 ₹725 Cr | Dec 2024 ₹709 Cr | Mar 2025 ₹701 Cr | Jun 2025 ₹760 Cr | Sep 2025 ₹709 Cr | Dec 2025 ₹703 Cr | Mar 2026 ₹722 Cr | Jun 2026 —
- SCSC: Sep 2021 ₹858 Cr | Dec 2021 ₹864 Cr | Mar 2022 ₹846 Cr | Jun 2022 ₹962 Cr | Sep 2022 ₹944 Cr | Dec 2022 ₹1.0K Cr | Mar 2023 ₹886 Cr | Jun 2023 ₹947 Cr | Sep 2023 ₹876 Cr | Dec 2023 ₹885 Cr | Mar 2024 ₹753 Cr | Jun 2024 ₹746 Cr | Sep 2024 ₹776 Cr | Dec 2024 ₹747 Cr | Mar 2025 ₹705 Cr | Jun 2025 ₹813 Cr | Sep 2025 ₹740 Cr | Dec 2025 ₹767 Cr | Mar 2026 ₹767 Cr | Jun 2026 —
- CLMB: Sep 2021 ₹69 Cr | Dec 2021 ₹76 Cr | Mar 2022 ₹71 Cr | Jun 2022 ₹68 Cr | Sep 2022 ₹76 Cr | Dec 2022 ₹89 Cr | Mar 2023 ₹85 Cr | Jun 2023 ₹82 Cr | Sep 2023 ₹78 Cr | Dec 2023 ₹107 Cr | Mar 2024 ₹92 Cr | Jun 2024 ₹92 Cr | Sep 2024 ₹119 Cr | Dec 2024 ₹162 Cr | Mar 2025 ₹138 Cr | Jun 2025 ₹159 Cr | Sep 2025 ₹161 Cr | Dec 2025 ₹194 Cr | Mar 2026 ₹182 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- SNX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 195% | Dec 2022 4.1% | Mar 2023 -2.2% | Jun 2023 -7.9% | Sep 2023 -9.1% | Dec 2023 -11% | Mar 2024 -7.6% | Jun 2024 -0.8% | Sep 2024 5.2% | Dec 2024 10.0% | Mar 2025 4.0% | Jun 2025 7.2% | Sep 2025 6.6% | Dec 2025 9.7% | Mar 2026 18% | Jun 2026 31%
- ARW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 10% | Dec 2022 8.9% | Mar 2023 — | Jun 2023 -3.7% | Sep 2023 -10% | Dec 2023 -15% | Mar 2024 — | Jun 2024 -21% | Sep 2024 -20% | Dec 2024 -7.2% | Mar 2025 -1.6% | Jun 2025 10.0% | Sep 2025 13% | Dec 2025 20% | Mar 2026 — | Jun 2026 25%
- AVT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 22% | Dec 2022 21% | Mar 2023 — | Jun 2023 0.4% | Sep 2023 2.9% | Dec 2023 -8.1% | Mar 2024 — | Jun 2024 -15% | Sep 2024 -15% | Dec 2024 -8.7% | Mar 2025 -6.0% | Jun 2025 1.0% | Sep 2025 5.3% | Dec 2025 12% | Mar 2026 34% | Jun 2026 —
- NSIT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 23% | Sep 2022 3.5% | Dec 2022 -2.5% | Mar 2023 -12% | Jun 2023 -14% | Sep 2023 -11% | Dec 2023 -11% | Mar 2024 2.4% | Jun 2024 -8.0% | Sep 2024 -7.9% | Dec 2024 -7.3% | Mar 2025 -12% | Jun 2025 -3.3% | Sep 2025 -4.0% | Dec 2025 -1.2% | Mar 2026 1.1% | Jun 2026 —
- CNXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 3.3% | Dec 2022 -8.5% | Mar 2023 -7.6% | Jun 2023 -11% | Sep 2023 -11% | Dec 2023 -4.9% | Mar 2024 -13% | Jun 2024 0.3% | Sep 2024 4.6% | Dec 2024 1.9% | Mar 2025 11% | Jun 2025 3.3% | Sep 2025 -2.2% | Dec 2025 -0.9% | Mar 2026 3.0% | Jun 2026 —
- SCSC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 13% | Sep 2022 10% | Dec 2022 17% | Mar 2023 4.7% | Jun 2023 -1.6% | Sep 2023 -7.2% | Dec 2023 -12% | Mar 2024 -15% | Jun 2024 -21% | Sep 2024 -11% | Dec 2024 -16% | Mar 2025 -6.4% | Jun 2025 9.0% | Sep 2025 -4.6% | Dec 2025 2.7% | Mar 2026 8.8% | Jun 2026 —
- CLMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -9.3% | Sep 2022 10% | Dec 2022 17% | Mar 2023 20% | Jun 2023 21% | Sep 2023 2.6% | Dec 2023 20% | Mar 2024 8.2% | Jun 2024 12% | Sep 2024 53% | Dec 2024 51% | Mar 2025 50% | Jun 2025 73% | Sep 2025 35% | Dec 2025 20% | Mar 2026 32% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Arrow Electronics, Inc. leads both opm at 3.8% and margin change at +1.3 percentage points.

Investor read: Arrow Electronics, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Arrow Electronics, Inc. · 3.8% | 11.8% versus #2 · Insight Enterprises, Inc. | 2/8 recent comparable periods | 7/7 companies · 131 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Arrow Electronics, Inc. (ARW): 3.8%
2. Insight Enterprises, Inc. (NSIT): 3.4%
3. ScanSource, Inc. (SCSC): 3.0%
4. Avnet, Inc. (AVT): 2.9%
5. PC Connection, Inc. (CNXN): 2.8%

### Margin change — fastest expanders
1. Arrow Electronics, Inc. (ARW): +1.3 pp
2. PC Connection, Inc. (CNXN): +0.7 pp
3. Insight Enterprises, Inc. (NSIT): +0.5 pp
4. TD SYNNEX Corporation (SNX): +0.5 pp
5. Avnet, Inc. (AVT): +0.2 pp

### 20-quarter OPM history
- SNX: Sep 2021 2.8% | Dec 2021 1.2% | Mar 2022 1.4% | Jun 2022 1.7% | Sep 2022 1.6% | Dec 2022 2.1% | Mar 2023 2.0% | Jun 2023 1.8% | Sep 2023 1.7% | Dec 2023 2.0% | Mar 2024 2.2% | Jun 2024 1.9% | Sep 2024 2.1% | Dec 2024 2.0% | Mar 2025 2.1% | Jun 2025 2.2% | Sep 2025 2.5% | Dec 2025 2.3% | Mar 2026 2.9% | Jun 2026 2.7%
- ARW: Sep 2021 4.0% | Dec 2021 4.8% | Mar 2022 — | Jun 2022 5.6% | Sep 2022 5.6% | Dec 2022 5.4% | Mar 2023 — | Jun 2023 4.8% | Sep 2023 4.6% | Dec 2023 4.0% | Mar 2024 2.7% | Jun 2024 3.1% | Sep 2024 2.6% | Dec 2024 2.7% | Mar 2025 2.3% | Jun 2025 2.5% | Sep 2025 2.3% | Dec 2025 3.4% | Mar 2026 — | Jun 2026 3.8%
- AVT: Sep 2021 2.3% | Dec 2021 3.0% | Mar 2022 3.6% | Jun 2022 4.2% | Sep 2022 4.5% | Dec 2022 4.3% | Mar 2023 — | Jun 2023 4.8% | Sep 2023 4.3% | Dec 2023 3.8% | Mar 2024 3.4% | Jun 2024 3.0% | Sep 2024 2.5% | Dec 2024 2.7% | Mar 2025 2.7% | Jun 2025 1.3% | Sep 2025 2.4% | Dec 2025 2.3% | Mar 2026 2.9% | Jun 2026 —
- NSIT: Sep 2021 3.4% | Dec 2021 3.6% | Mar 2022 3.0% | Jun 2022 4.7% | Sep 2022 3.6% | Dec 2022 4.6% | Mar 2023 3.3% | Jun 2023 5.0% | Sep 2023 4.1% | Dec 2023 5.9% | Mar 2024 4.2% | Jun 2024 6.1% | Sep 2024 4.4% | Dec 2024 3.1% | Mar 2025 2.9% | Jun 2025 4.1% | Sep 2025 4.6% | Dec 2025 4.6% | Mar 2026 3.4% | Jun 2026 —
- CNXN: Sep 2021 3.6% | Dec 2021 3.9% | Mar 2022 3.8% | Jun 2022 4.2% | Sep 2022 4.1% | Dec 2022 3.3% | Mar 2023 2.5% | Jun 2023 3.4% | Sep 2023 4.6% | Dec 2023 4.0% | Mar 2024 2.1% | Jun 2024 4.2% | Sep 2024 4.1% | Dec 2024 3.2% | Mar 2025 2.1% | Jun 2025 4.1% | Sep 2025 4.3% | Dec 2025 3.4% | Mar 2026 2.8% | Jun 2026 —
- SCSC: Sep 2021 3.5% | Dec 2021 3.6% | Mar 2022 3.9% | Jun 2022 2.8% | Sep 2022 3.7% | Dec 2022 3.9% | Mar 2023 3.9% | Jun 2023 2.9% | Sep 2023 2.7% | Dec 2023 3.0% | Mar 2024 2.3% | Jun 2024 2.9% | Sep 2024 2.3% | Dec 2024 2.5% | Mar 2025 3.2% | Jun 2025 3.3% | Sep 2025 3.5% | Dec 2025 2.3% | Mar 2026 3.0% | Jun 2026 —
- CLMB: Sep 2021 4.6% | Dec 2021 5.8% | Mar 2022 4.7% | Jun 2022 6.1% | Sep 2022 4.8% | Dec 2022 6.9% | Mar 2023 5.0% | Jun 2023 1.9% | Sep 2023 4.2% | Dec 2023 7.0% | Mar 2024 3.8% | Jun 2024 4.6% | Sep 2024 7.1% | Dec 2024 7.2% | Mar 2025 3.5% | Jun 2025 5.0% | Sep 2025 4.3% | Dec 2025 4.9% | Mar 2026 2.1% | Jun 2026 —

### 20-quarter Margin change history
- SNX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.2 pp | Dec 2022 +0.9 pp | Mar 2023 +0.6 pp | Jun 2023 +0.1 pp | Sep 2023 +0.1 pp | Dec 2023 −0.1 pp | Mar 2024 +0.2 pp | Jun 2024 +0.1 pp | Sep 2024 +0.4 pp | Dec 2024 0.0 pp | Mar 2025 −0.1 pp | Jun 2025 +0.3 pp | Sep 2025 +0.4 pp | Dec 2025 +0.3 pp | Mar 2026 +0.8 pp | Jun 2026 +0.5 pp
- ARW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.6 pp | Dec 2022 +0.6 pp | Mar 2023 — | Jun 2023 −0.8 pp | Sep 2023 −1.0 pp | Dec 2023 −1.4 pp | Mar 2024 — | Jun 2024 −1.7 pp | Sep 2024 −2.0 pp | Dec 2024 −1.3 pp | Mar 2025 −0.4 pp | Jun 2025 −0.6 pp | Sep 2025 −0.3 pp | Dec 2025 +0.7 pp | Mar 2026 — | Jun 2026 +1.3 pp
- AVT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.2 pp | Dec 2022 +1.3 pp | Mar 2023 — | Jun 2023 +0.6 pp | Sep 2023 −0.2 pp | Dec 2023 −0.5 pp | Mar 2024 — | Jun 2024 −1.8 pp | Sep 2024 −1.8 pp | Dec 2024 −1.1 pp | Mar 2025 −0.7 pp | Jun 2025 −1.7 pp | Sep 2025 −0.1 pp | Dec 2025 −0.4 pp | Mar 2026 +0.2 pp | Jun 2026 —
- NSIT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.7 pp | Sep 2022 +0.2 pp | Dec 2022 +1.0 pp | Mar 2023 +0.3 pp | Jun 2023 +0.3 pp | Sep 2023 +0.5 pp | Dec 2023 +1.3 pp | Mar 2024 +0.9 pp | Jun 2024 +1.1 pp | Sep 2024 +0.3 pp | Dec 2024 −2.8 pp | Mar 2025 −1.3 pp | Jun 2025 −2.0 pp | Sep 2025 +0.2 pp | Dec 2025 +1.5 pp | Mar 2026 +0.5 pp | Jun 2026 —
- CNXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.8 pp | Sep 2022 +0.5 pp | Dec 2022 −0.6 pp | Mar 2023 −1.3 pp | Jun 2023 −0.8 pp | Sep 2023 +0.5 pp | Dec 2023 +0.7 pp | Mar 2024 −0.4 pp | Jun 2024 +0.8 pp | Sep 2024 −0.5 pp | Dec 2024 −0.8 pp | Mar 2025 0.0 pp | Jun 2025 −0.1 pp | Sep 2025 +0.2 pp | Dec 2025 +0.2 pp | Mar 2026 +0.7 pp | Jun 2026 —
- SCSC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.1 pp | Sep 2022 +0.2 pp | Dec 2022 +0.3 pp | Mar 2023 0.0 pp | Jun 2023 +0.1 pp | Sep 2023 −1.0 pp | Dec 2023 −0.9 pp | Mar 2024 −1.6 pp | Jun 2024 0.0 pp | Sep 2024 −0.4 pp | Dec 2024 −0.5 pp | Mar 2025 +0.9 pp | Jun 2025 +0.4 pp | Sep 2025 +1.2 pp | Dec 2025 −0.2 pp | Mar 2026 −0.2 pp | Jun 2026 —
- CLMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +2.9 pp | Sep 2022 +0.2 pp | Dec 2022 +1.1 pp | Mar 2023 +0.3 pp | Jun 2023 −4.2 pp | Sep 2023 −0.6 pp | Dec 2023 +0.1 pp | Mar 2024 −1.2 pp | Jun 2024 +2.7 pp | Sep 2024 +2.9 pp | Dec 2024 +0.2 pp | Mar 2025 −0.3 pp | Jun 2025 +0.4 pp | Sep 2025 −2.8 pp | Dec 2025 −2.3 pp | Mar 2026 −1.4 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: TD SYNNEX Corporation leads with $1,136 million of TTM profit, 430.8% above Avnet, Inc.. TD SYNNEX Corporation shows 56.3% growth from a $1,136 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: TD SYNNEX Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: TD SYNNEX Corporation · $1,136 million | 430.8% versus #2 · Avnet, Inc. | 7/8 recent comparable periods | 6/7 companies · 131 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. TD SYNNEX Corporation (SNX): ₹1.1K Cr
2. Avnet, Inc. (AVT): ₹214 Cr
3. Insight Enterprises, Inc. (NSIT): ₹180 Cr
4. PC Connection, Inc. (CNXN): ₹88 Cr
5. ScanSource, Inc. (SCSC): ₹73 Cr

### Profit growth — fastest growers
1. TD SYNNEX Corporation (SNX): 56%
2. Climb Global Solutions, Inc. (CLMB): 11%
3. ScanSource, Inc. (SCSC): 9.0%
4. PC Connection, Inc. (CNXN): 1.2%
5. Insight Enterprises, Inc. (NSIT): -5.3%

### 20-quarter Net profit history
- SNX: Sep 2021 ₹95 Cr | Dec 2021 ₹119 Cr | Mar 2022 ₹132 Cr | Jun 2022 ₹149 Cr | Sep 2022 ₹149 Cr | Dec 2022 ₹221 Cr | Mar 2023 ₹167 Cr | Jun 2023 ₹133 Cr | Sep 2023 ₹139 Cr | Dec 2023 ₹188 Cr | Mar 2024 ₹172 Cr | Jun 2024 ₹144 Cr | Sep 2024 ₹179 Cr | Dec 2024 ₹195 Cr | Mar 2025 ₹168 Cr | Jun 2025 ₹185 Cr | Sep 2025 ₹227 Cr | Dec 2025 ₹248 Cr | Mar 2026 ₹327 Cr | Jun 2026 ₹334 Cr
- ARW: Sep 2021 ₹241 Cr | Dec 2021 ₹291 Cr | Mar 2022 — | Jun 2022 ₹366 Cr | Sep 2022 ₹371 Cr | Dec 2022 ₹344 Cr | Mar 2023 — | Jun 2023 ₹275 Cr | Sep 2023 ₹238 Cr | Dec 2023 ₹196 Cr | Mar 2024 ₹83 Cr | Jun 2024 ₹110 Cr | Sep 2024 ₹101 Cr | Dec 2024 ₹100 Cr | Mar 2025 ₹80 Cr | Jun 2025 ₹187 Cr | Sep 2025 ₹109 Cr | Dec 2025 ₹194 Cr | Mar 2026 — | Jun 2026 ₹236 Cr
- AVT: Sep 2021 ₹85 Cr | Dec 2021 ₹111 Cr | Mar 2022 ₹151 Cr | Jun 2022 ₹183 Cr | Sep 2022 ₹247 Cr | Dec 2022 ₹184 Cr | Mar 2023 — | Jun 2023 ₹187 Cr | Sep 2023 ₹155 Cr | Dec 2023 ₹118 Cr | Mar 2024 ₹89 Cr | Jun 2024 ₹83 Cr | Sep 2024 ₹59 Cr | Dec 2024 ₹87 Cr | Mar 2025 ₹88 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹52 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹94 Cr | Jun 2026 —
- NSIT: Sep 2021 ₹55 Cr | Dec 2021 ₹62 Cr | Mar 2022 ₹57 Cr | Jun 2022 ₹89 Cr | Sep 2022 ₹57 Cr | Dec 2022 ₹77 Cr | Mar 2023 ₹50 Cr | Jun 2023 ₹80 Cr | Sep 2023 ₹60 Cr | Dec 2023 ₹91 Cr | Mar 2024 ₹67 Cr | Jun 2024 ₹87 Cr | Sep 2024 ₹58 Cr | Dec 2024 ₹37 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹51 Cr | Dec 2025 ₹52 Cr | Mar 2026 ₹30 Cr | Jun 2026 —
- CNXN: Sep 2021 ₹20 Cr | Dec 2021 ₹22 Cr | Mar 2022 ₹22 Cr | Jun 2022 ₹25 Cr | Sep 2022 ₹23 Cr | Dec 2022 ₹19 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹26 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹25 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹21 Cr | Mar 2026 ₹17 Cr | Jun 2026 —
- SCSC: Sep 2021 ₹22 Cr | Dec 2021 ₹23 Cr | Mar 2022 ₹24 Cr | Jun 2022 ₹20 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹26 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹17 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹20 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹17 Cr | Jun 2026 —
- CLMB: Sep 2021 ₹2 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹3 Cr | Jun 2026 —

### 20-quarter Profit growth history
- SNX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 57% | Dec 2022 86% | Mar 2023 27% | Jun 2023 -11% | Sep 2023 -6.7% | Dec 2023 -15% | Mar 2024 3.0% | Jun 2024 8.3% | Sep 2024 29% | Dec 2024 3.7% | Mar 2025 -2.3% | Jun 2025 28% | Sep 2025 27% | Dec 2025 27% | Mar 2026 95% | Jun 2026 81%
- ARW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 54% | Dec 2022 18% | Mar 2023 — | Jun 2023 -25% | Sep 2023 -36% | Dec 2023 -43% | Mar 2024 — | Jun 2024 -60% | Sep 2024 -58% | Dec 2024 -49% | Mar 2025 -3.6% | Jun 2025 70% | Sep 2025 7.9% | Dec 2025 94% | Mar 2026 — | Jun 2026 26%
- AVT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 191% | Dec 2022 66% | Mar 2023 — | Jun 2023 2.2% | Sep 2023 -37% | Dec 2023 -36% | Mar 2024 — | Jun 2024 -56% | Sep 2024 -62% | Dec 2024 -26% | Mar 2025 -1.1% | Jun 2025 -93% | Sep 2025 -12% | Dec 2025 -29% | Mar 2026 6.8% | Jun 2026 —
- NSIT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 51% | Sep 2022 3.6% | Dec 2022 24% | Mar 2023 -12% | Jun 2023 -10% | Sep 2023 5.3% | Dec 2023 18% | Mar 2024 34% | Jun 2024 8.8% | Sep 2024 -3.3% | Dec 2024 -59% | Mar 2025 -88% | Jun 2025 -46% | Sep 2025 -12% | Dec 2025 41% | Mar 2026 275% | Jun 2026 —
- CNXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 47% | Sep 2022 15% | Dec 2022 -14% | Mar 2023 -36% | Jun 2023 -20% | Sep 2023 13% | Dec 2023 26% | Mar 2024 -7.1% | Jun 2024 30% | Sep 2024 3.9% | Dec 2024 -13% | Mar 2025 0.0% | Jun 2025 -3.9% | Sep 2025 -7.4% | Dec 2025 0.0% | Mar 2026 31% | Jun 2026 —
- SCSC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.8% | Sep 2022 9.1% | Dec 2022 13% | Mar 2023 -13% | Jun 2023 -15% | Sep 2023 -38% | Dec 2023 27% | Mar 2024 -38% | Jun 2024 -5.9% | Sep 2024 13% | Dec 2024 -48% | Mar 2025 31% | Jun 2025 25% | Sep 2025 18% | Dec 2025 -5.9% | Mar 2026 0.0% | Jun 2026 —
- CLMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 50% | Sep 2022 0.0% | Dec 2022 67% | Mar 2023 0.0% | Jun 2023 -67% | Sep 2023 0.0% | Dec 2023 0.0% | Mar 2024 0.0% | Jun 2024 200% | Sep 2024 150% | Dec 2024 40% | Mar 2025 33% | Jun 2025 100% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 -25% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: TD SYNNEX Corporation reports $67 million of CAPEX; Arrow Electronics, Inc. has the highest covered intensity at 0.3%. Coverage is only 7 of 7 companies and 131 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: TD SYNNEX Corporation · $67 million | 109.4% versus #2 · Arrow Electronics, Inc. | 8/8 recent comparable periods | 7/7 companies · 131 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. TD SYNNEX Corporation (SNX): ₹67 Cr
2. Arrow Electronics, Inc. (ARW): ₹32 Cr
3. Avnet, Inc. (AVT): ₹17 Cr
4. Insight Enterprises, Inc. (NSIT): ₹6 Cr
5. PC Connection, Inc. (CNXN): ₹2 Cr

### CAPEX intensity — highest reinvestment intensity
1. Arrow Electronics, Inc. (ARW): 0.3%
2. PC Connection, Inc. (CNXN): 0.3%
3. Insight Enterprises, Inc. (NSIT): 0.3%
4. ScanSource, Inc. (SCSC): 0.3%
5. TD SYNNEX Corporation (SNX): 0.3%

### 20-quarter CAPEX history
- SNX: Sep 2021 ₹5 Cr | Dec 2021 ₹41 Cr | Mar 2022 ₹25 Cr | Jun 2022 ₹21 Cr | Sep 2022 ₹32 Cr | Dec 2022 ₹39 Cr | Mar 2023 ₹37 Cr | Jun 2023 ₹30 Cr | Sep 2023 ₹40 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹41 Cr | Jun 2024 ₹38 Cr | Sep 2024 ₹47 Cr | Dec 2024 ₹49 Cr | Mar 2025 ₹42 Cr | Jun 2025 ₹30 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹33 Cr | Jun 2026 ₹67 Cr
- ARW: Sep 2021 ₹21 Cr | Dec 2021 ₹21 Cr | Mar 2022 — | Jun 2022 ₹19 Cr | Sep 2022 ₹17 Cr | Dec 2022 ₹19 Cr | Mar 2023 — | Jun 2023 ₹20 Cr | Sep 2023 ₹17 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹30 Cr | Jun 2024 ₹22 Cr | Sep 2024 ₹19 Cr | Dec 2024 ₹23 Cr | Mar 2025 ₹25 Cr | Jun 2025 ₹19 Cr | Sep 2025 ₹30 Cr | Dec 2025 ₹27 Cr | Mar 2026 — | Jun 2026 ₹32 Cr
- AVT: Sep 2021 ₹11 Cr | Dec 2021 ₹12 Cr | Mar 2022 ₹10 Cr | Jun 2022 ₹12 Cr | Sep 2022 ₹15 Cr | Dec 2022 ₹28 Cr | Mar 2023 — | Jun 2023 ₹26 Cr | Sep 2023 ₹57 Cr | Dec 2023 ₹82 Cr | Mar 2024 ₹42 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹32 Cr | Dec 2024 ₹29 Cr | Mar 2025 ₹27 Cr | Jun 2025 ₹60 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹15 Cr | Mar 2026 ₹17 Cr | Jun 2026 —
- NSIT: Sep 2021 ₹11 Cr | Dec 2021 ₹24 Cr | Mar 2022 ₹26 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹12 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹9 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹6 Cr | Jun 2026 —
- CNXN: Sep 2021 ₹2 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr | Jun 2026 —
- SCSC: Sep 2021 ₹1 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr | Jun 2026 —
- CLMB: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 —

### 20-quarter CAPEX intensity history
- SNX: Sep 2021 0.1% | Dec 2021 0.3% | Mar 2022 0.2% | Jun 2022 0.1% | Sep 2022 0.2% | Dec 2022 0.2% | Mar 2023 0.2% | Jun 2023 0.2% | Sep 2023 0.3% | Dec 2023 0.3% | Mar 2024 0.3% | Jun 2024 0.3% | Sep 2024 0.3% | Dec 2024 0.3% | Mar 2025 0.3% | Jun 2025 0.2% | Sep 2025 0.2% | Dec 2025 0.2% | Mar 2026 0.2% | Jun 2026 0.3%
- ARW: Sep 2021 0.2% | Dec 2021 0.2% | Mar 2022 — | Jun 2022 0.2% | Sep 2022 0.2% | Dec 2022 0.2% | Mar 2023 — | Jun 2023 0.2% | Sep 2023 0.2% | Dec 2023 0.3% | Mar 2024 0.4% | Jun 2024 0.3% | Sep 2024 0.3% | Dec 2024 0.3% | Mar 2025 0.4% | Jun 2025 0.3% | Sep 2025 0.4% | Dec 2025 0.3% | Mar 2026 — | Jun 2026 0.3%
- AVT: Sep 2021 0.2% | Dec 2021 0.2% | Mar 2022 0.2% | Jun 2022 0.2% | Sep 2022 0.2% | Dec 2022 0.4% | Mar 2023 — | Jun 2023 0.4% | Sep 2023 0.9% | Dec 2023 1.3% | Mar 2024 0.7% | Jun 2024 0.5% | Sep 2024 0.6% | Dec 2024 0.5% | Mar 2025 0.5% | Jun 2025 1.1% | Sep 2025 0.4% | Dec 2025 0.2% | Mar 2026 0.2% | Jun 2026 —
- NSIT: Sep 2021 0.4% | Dec 2021 0.9% | Mar 2022 1.0% | Jun 2022 0.8% | Sep 2022 0.5% | Dec 2022 0.5% | Mar 2023 0.4% | Jun 2023 0.2% | Sep 2023 0.7% | Dec 2023 0.4% | Mar 2024 0.3% | Jun 2024 0.6% | Sep 2024 0.7% | Dec 2024 0.7% | Mar 2025 0.3% | Jun 2025 0.2% | Sep 2025 0.3% | Dec 2025 0.3% | Mar 2026 0.3% | Jun 2026 —
- CNXN: Sep 2021 0.3% | Dec 2021 0.4% | Mar 2022 0.3% | Jun 2022 0.2% | Sep 2022 0.3% | Dec 2022 0.3% | Mar 2023 0.3% | Jun 2023 0.4% | Sep 2023 0.3% | Dec 2023 0.3% | Mar 2024 0.3% | Jun 2024 0.3% | Sep 2024 0.3% | Dec 2024 0.3% | Mar 2025 0.3% | Jun 2025 0.3% | Sep 2025 0.3% | Dec 2025 0.3% | Mar 2026 0.3% | Jun 2026 —
- SCSC: Sep 2021 0.1% | Dec 2021 0.2% | Mar 2022 0.1% | Jun 2022 0.4% | Sep 2022 0.1% | Dec 2022 0.4% | Mar 2023 0.2% | Jun 2023 0.3% | Sep 2023 0.2% | Dec 2023 0.3% | Mar 2024 0.3% | Jun 2024 0.1% | Sep 2024 0.3% | Dec 2024 0.3% | Mar 2025 0.1% | Jun 2025 0.4% | Sep 2025 0.3% | Dec 2025 0.3% | Mar 2026 0.3% | Jun 2026 —
- CLMB: Sep 2021 0.0% | Dec 2021 0.0% | Mar 2022 0.0% | Jun 2022 0.0% | Sep 2022 1.3% | Dec 2022 1.1% | Mar 2023 1.2% | Jun 2023 2.4% | Sep 2023 1.3% | Dec 2023 0.9% | Mar 2024 1.1% | Jun 2024 1.1% | Sep 2024 0.8% | Dec 2024 1.2% | Mar 2025 0.7% | Jun 2025 0.6% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: PC Connection, Inc. has the clearest covered balance-sheet capacity with $405 million net cash and gross debt of $6 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Climb Global Solutions, Inc. · $2 million | 66.7% versus #2 · PC Connection, Inc. | 8/8 recent comparable periods | 7/7 companies · 131 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Climb Global Solutions, Inc. (CLMB): ₹2 Cr
2. PC Connection, Inc. (CNXN): ₹6 Cr
3. ScanSource, Inc. (SCSC): ₹102 Cr
4. Insight Enterprises, Inc. (NSIT): ₹1.5K Cr
5. Arrow Electronics, Inc. (ARW): ₹2.5K Cr

### Net debt — lowest net debt
1. PC Connection, Inc. (CNXN): ₹-405 Cr
2. Climb Global Solutions, Inc. (CLMB): ₹-40 Cr
3. ScanSource, Inc. (SCSC): ₹-18 Cr
4. Insight Enterprises, Inc. (NSIT): ₹1.0K Cr
5. Arrow Electronics, Inc. (ARW): ₹2.2K Cr

### 20-quarter Gross debt history
- SNX: Sep 2021 ₹4.0K Cr | Dec 2021 ₹4.1K Cr | Mar 2022 ₹5.0K Cr | Jun 2022 ₹4.1K Cr | Sep 2022 ₹4.1K Cr | Dec 2022 ₹4.1K Cr | Mar 2023 ₹4.4K Cr | Jun 2023 ₹4.1K Cr | Sep 2023 ₹4.1K Cr | Dec 2023 ₹4.1K Cr | Mar 2024 ₹4.0K Cr | Jun 2024 ₹4.6K Cr | Sep 2024 ₹4.1K Cr | Dec 2024 ₹3.9K Cr | Mar 2025 ₹4.3K Cr | Jun 2025 ₹4.1K Cr | Sep 2025 ₹4.2K Cr | Dec 2025 ₹4.6K Cr | Mar 2026 ₹4.7K Cr | Jun 2026 ₹4.7K Cr
- ARW: Sep 2021 ₹2.2K Cr | Dec 2021 ₹2.4K Cr | Mar 2022 — | Jun 2022 ₹3.1K Cr | Sep 2022 ₹3.5K Cr | Dec 2022 ₹3.8K Cr | Mar 2023 — | Jun 2023 ₹3.9K Cr | Sep 2023 ₹4.2K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹3.6K Cr | Jun 2024 ₹3.3K Cr | Sep 2024 ₹3.3K Cr | Dec 2024 ₹3.1K Cr | Mar 2025 ₹2.8K Cr | Jun 2025 ₹2.8K Cr | Sep 2025 ₹3.1K Cr | Dec 2025 ₹3.1K Cr | Mar 2026 — | Jun 2026 ₹2.5K Cr
- AVT: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.7K Cr | Mar 2022 ₹1.8K Cr | Jun 2022 ₹1.6K Cr | Sep 2022 ₹1.9K Cr | Dec 2022 ₹2.6K Cr | Mar 2023 — | Jun 2023 ₹3.4K Cr | Sep 2023 ₹3.3K Cr | Dec 2023 ₹3.7K Cr | Mar 2024 ₹3.2K Cr | Jun 2024 ₹3.1K Cr | Sep 2024 ₹3.2K Cr | Dec 2024 ₹2.8K Cr | Mar 2025 ₹2.8K Cr | Jun 2025 ₹2.9K Cr | Sep 2025 ₹3.2K Cr | Dec 2025 ₹3.2K Cr | Mar 2026 ₹3.2K Cr | Jun 2026 —
- NSIT: Sep 2021 ₹528 Cr | Dec 2021 ₹362 Cr | Mar 2022 ₹718 Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹784 Cr | Dec 2022 ₹638 Cr | Mar 2023 ₹516 Cr | Jun 2023 ₹685 Cr | Sep 2023 ₹673 Cr | Dec 2023 ₹941 Cr | Mar 2024 ₹882 Cr | Jun 2024 ₹995 Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹864 Cr | Mar 2025 ₹961 Cr | Jun 2025 ₹1.3K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 —
- CNXN: Sep 2021 ₹7 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹6 Cr | Jun 2026 —
- SCSC: Sep 2021 ₹197 Cr | Dec 2021 ₹197 Cr | Mar 2022 ₹182 Cr | Jun 2022 ₹271 Cr | Sep 2022 ₹326 Cr | Dec 2022 ₹383 Cr | Mar 2023 ₹311 Cr | Jun 2023 ₹330 Cr | Sep 2023 ₹248 Cr | Dec 2023 ₹169 Cr | Mar 2024 ₹146 Cr | Jun 2024 ₹144 Cr | Sep 2024 ₹144 Cr | Dec 2024 ₹140 Cr | Mar 2025 ₹138 Cr | Jun 2025 ₹136 Cr | Sep 2025 ₹134 Cr | Dec 2025 ₹103 Cr | Mar 2026 ₹102 Cr | Jun 2026 —
- CLMB: Sep 2021 ₹2 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr | Jun 2026 —

### 20-quarter Net debt history
- SNX: Sep 2021 ₹-25 Cr | Dec 2021 ₹3.1K Cr | Mar 2022 ₹4.5K Cr | Jun 2022 ₹3.6K Cr | Sep 2022 ₹3.8K Cr | Dec 2022 ₹3.6K Cr | Mar 2023 ₹3.9K Cr | Jun 2023 ₹3.3K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹3.0K Cr | Mar 2024 ₹3.0K Cr | Jun 2024 ₹3.4K Cr | Sep 2024 ₹3.2K Cr | Dec 2024 ₹2.8K Cr | Mar 2025 ₹3.8K Cr | Jun 2025 ₹3.3K Cr | Sep 2025 ₹3.4K Cr | Dec 2025 ₹2.2K Cr | Mar 2026 ₹3.2K Cr | Jun 2026 ₹3.6K Cr
- ARW: Sep 2021 ₹2.0K Cr | Dec 2021 ₹2.2K Cr | Mar 2022 — | Jun 2022 ₹2.9K Cr | Sep 2022 ₹3.3K Cr | Dec 2022 ₹3.5K Cr | Mar 2023 — | Jun 2023 ₹3.7K Cr | Sep 2023 ₹3.9K Cr | Dec 2023 ₹3.6K Cr | Mar 2024 ₹3.3K Cr | Jun 2024 ₹3.1K Cr | Sep 2024 ₹3.0K Cr | Dec 2024 ₹2.9K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹2.6K Cr | Sep 2025 ₹2.9K Cr | Dec 2025 ₹2.8K Cr | Mar 2026 — | Jun 2026 ₹2.2K Cr
- AVT: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹2.5K Cr | Mar 2023 — | Jun 2023 ₹3.2K Cr | Sep 2023 ₹3.0K Cr | Dec 2023 ₹3.4K Cr | Mar 2024 ₹3.0K Cr | Jun 2024 ₹2.8K Cr | Sep 2024 ₹2.9K Cr | Dec 2024 ₹2.6K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹2.7K Cr | Sep 2025 ₹3.0K Cr | Dec 2025 ₹2.9K Cr | Mar 2026 ₹3.0K Cr | Jun 2026 —
- NSIT: Sep 2021 ₹421 Cr | Dec 2021 ₹258 Cr | Mar 2022 ₹603 Cr | Jun 2022 ₹927 Cr | Sep 2022 ₹647 Cr | Dec 2022 ₹474 Cr | Mar 2023 ₹340 Cr | Jun 2023 ₹489 Cr | Sep 2023 ₹429 Cr | Dec 2023 ₹672 Cr | Mar 2024 ₹503 Cr | Jun 2024 ₹739 Cr | Sep 2024 ₹770 Cr | Dec 2024 ₹605 Cr | Mar 2025 ₹639 Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹846 Cr | Dec 2025 ₹1.0K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 —
- CNXN: Sep 2021 ₹-83 Cr | Dec 2021 ₹-101 Cr | Mar 2022 ₹-61 Cr | Jun 2022 ₹-90 Cr | Sep 2022 ₹-110 Cr | Dec 2022 ₹-118 Cr | Mar 2023 ₹-130 Cr | Jun 2023 ₹-240 Cr | Sep 2023 ₹-285 Cr | Dec 2023 ₹-294 Cr | Mar 2024 ₹-349 Cr | Jun 2024 ₹-384 Cr | Sep 2024 ₹-427 Cr | Dec 2024 ₹-441 Cr | Mar 2025 ₹-339 Cr | Jun 2025 ₹-345 Cr | Sep 2025 ₹-399 Cr | Dec 2025 ₹-407 Cr | Mar 2026 ₹-405 Cr | Jun 2026 —
- SCSC: Sep 2021 ₹142 Cr | Dec 2021 ₹163 Cr | Mar 2022 ₹138 Cr | Jun 2022 ₹233 Cr | Sep 2022 ₹286 Cr | Dec 2022 ₹317 Cr | Mar 2023 ₹274 Cr | Jun 2023 ₹294 Cr | Sep 2023 ₹205 Cr | Dec 2023 ₹124 Cr | Mar 2024 ₹-13 Cr | Jun 2024 ₹-41 Cr | Sep 2024 ₹-1 Cr | Dec 2024 ₹29 Cr | Mar 2025 ₹-8 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹20 Cr | Mar 2026 ₹-18 Cr | Jun 2026 —
- CLMB: Sep 2021 ₹-28 Cr | Dec 2021 ₹-27 Cr | Mar 2022 ₹-35 Cr | Jun 2022 ₹-25 Cr | Sep 2022 ₹-20 Cr | Dec 2022 ₹-16 Cr | Mar 2023 ₹-59 Cr | Jun 2023 ₹-41 Cr | Sep 2023 ₹-47 Cr | Dec 2023 ₹-33 Cr | Mar 2024 ₹-42 Cr | Jun 2024 ₹-46 Cr | Sep 2024 ₹-20 Cr | Dec 2024 ₹-27 Cr | Mar 2025 ₹-29 Cr | Jun 2025 ₹-27 Cr | Sep 2025 ₹-47 Cr | Dec 2025 ₹-35 Cr | Mar 2026 ₹-40 Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Arrow Electronics, Inc. leads ROCE at 3.9%, 0.1 percentage points above TD SYNNEX Corporation. Arrow Electronics, Inc. has the strongest latest improvement at +1.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Arrow Electronics, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Arrow Electronics, Inc. · 3.9% | 2.6% versus #2 · TD SYNNEX Corporation | 2/8 recent comparable periods | 7/7 companies · 128 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Arrow Electronics, Inc. (ARW): 3.9%
2. TD SYNNEX Corporation (SNX): 3.8%
3. Climb Global Solutions, Inc. (CLMB): 3.4%
4. Avnet, Inc. (AVT): 2.6%
5. PC Connection, Inc. (CNXN): 2.2%

### ROCE change — fastest improvers
1. Arrow Electronics, Inc. (ARW): +1.8 pp
2. TD SYNNEX Corporation (SNX): +1.3 pp
3. Avnet, Inc. (AVT): +0.8 pp
4. PC Connection, Inc. (CNXN): +0.6 pp
5. Insight Enterprises, Inc. (NSIT): +0.1 pp

### 20-quarter ROCE history
- SNX: Sep 2021 — | Dec 2021 1.7% | Mar 2022 2.6% | Jun 2022 2.9% | Sep 2022 2.5% | Dec 2022 2.5% | Mar 2023 2.2% | Jun 2023 1.9% | Sep 2023 1.8% | Dec 2023 2.2% | Mar 2024 2.3% | Jun 2024 2.0% | Sep 2024 2.3% | Dec 2024 2.5% | Mar 2025 2.4% | Jun 2025 2.5% | Sep 2025 2.9% | Dec 2025 3.0% | Mar 2026 3.7% | Jun 2026 3.8%
- ARW: Sep 2021 — | Dec 2021 5.2% | Mar 2022 — | Jun 2022 6.1% | Sep 2022 6.4% | Dec 2022 5.9% | Mar 2023 — | Jun 2023 4.5% | Sep 2023 4.2% | Dec 2023 3.5% | Mar 2024 2.0% | Jun 2024 2.3% | Sep 2024 2.0% | Dec 2024 2.2% | Mar 2025 1.8% | Jun 2025 2.1% | Sep 2025 1.9% | Dec 2025 3.0% | Mar 2026 — | Jun 2026 3.9%
- AVT: Sep 2021 — | Dec 2021 2.9% | Mar 2022 3.7% | Jun 2022 4.9% | Sep 2022 4.7% | Dec 2022 4.7% | Mar 2023 — | Jun 2023 4.5% | Sep 2023 3.9% | Dec 2023 2.9% | Mar 2024 2.4% | Jun 2024 2.1% | Sep 2024 1.8% | Dec 2024 1.9% | Mar 2025 1.8% | Jun 2025 0.9% | Sep 2025 1.8% | Dec 2025 1.9% | Mar 2026 2.6% | Jun 2026 —
- NSIT: Sep 2021 4.0% | Dec 2021 4.4% | Mar 2022 3.8% | Jun 2022 5.4% | Sep 2022 3.6% | Dec 2022 5.2% | Mar 2023 3.6% | Jun 2023 4.9% | Sep 2023 3.6% | Dec 2023 5.1% | Mar 2024 3.9% | Jun 2024 4.7% | Sep 2024 3.2% | Dec 2024 2.1% | Mar 2025 1.8% | Jun 2025 2.4% | Sep 2025 2.5% | Dec 2025 2.6% | Mar 2026 1.9% | Jun 2026 —
- CNXN: Sep 2021 3.9% | Dec 2021 4.5% | Mar 2022 4.3% | Jun 2022 4.8% | Sep 2022 4.2% | Dec 2022 3.2% | Mar 2023 2.4% | Jun 2023 3.2% | Sep 2023 3.9% | Dec 2023 3.4% | Mar 2024 1.6% | Jun 2024 3.6% | Sep 2024 3.4% | Dec 2024 2.5% | Mar 2025 1.6% | Jun 2025 3.4% | Sep 2025 3.3% | Dec 2025 2.5% | Mar 2026 2.2% | Jun 2026 —
- SCSC: Sep 2021 3.2% | Dec 2021 3.3% | Mar 2022 3.3% | Jun 2022 2.7% | Sep 2022 3.2% | Dec 2022 3.4% | Mar 2023 3.0% | Jun 2023 2.3% | Sep 2023 2.0% | Dec 2023 2.2% | Mar 2024 1.5% | Jun 2024 1.8% | Sep 2024 1.5% | Dec 2024 1.6% | Mar 2025 2.0% | Jun 2025 2.4% | Sep 2025 2.3% | Dec 2025 1.6% | Mar 2026 2.1% | Jun 2026 —
- CLMB: Sep 2021 6.5% | Dec 2021 8.4% | Mar 2022 6.3% | Jun 2022 7.4% | Sep 2022 6.4% | Dec 2022 9.8% | Mar 2023 6.5% | Jun 2023 2.3% | Sep 2023 4.7% | Dec 2023 9.6% | Mar 2024 4.5% | Jun 2024 5.2% | Sep 2024 9.8% | Dec 2024 13% | Mar 2025 5.1% | Jun 2025 8.0% | Sep 2025 6.5% | Dec 2025 8.6% | Mar 2026 3.4% | Jun 2026 —

### 20-quarter ROCE change history
- SNX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.8 pp | Mar 2023 −0.4 pp | Jun 2023 −1.0 pp | Sep 2023 −0.7 pp | Dec 2023 −0.3 pp | Mar 2024 +0.1 pp | Jun 2024 +0.1 pp | Sep 2024 +0.5 pp | Dec 2024 +0.3 pp | Mar 2025 +0.1 pp | Jun 2025 +0.5 pp | Sep 2025 +0.6 pp | Dec 2025 +0.5 pp | Mar 2026 +1.3 pp | Jun 2026 +1.3 pp
- ARW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.7 pp | Mar 2023 — | Jun 2023 −1.6 pp | Sep 2023 −2.2 pp | Dec 2023 −2.4 pp | Mar 2024 — | Jun 2024 −2.2 pp | Sep 2024 −2.2 pp | Dec 2024 −1.3 pp | Mar 2025 −0.2 pp | Jun 2025 −0.2 pp | Sep 2025 −0.1 pp | Dec 2025 +0.8 pp | Mar 2026 — | Jun 2026 +1.8 pp
- AVT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +1.8 pp | Mar 2023 — | Jun 2023 −0.4 pp | Sep 2023 −0.8 pp | Dec 2023 −1.8 pp | Mar 2024 — | Jun 2024 −2.4 pp | Sep 2024 −2.1 pp | Dec 2024 −1.0 pp | Mar 2025 −0.6 pp | Jun 2025 −1.2 pp | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 +0.8 pp | Jun 2026 —
- NSIT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 +0.8 pp | Mar 2023 −0.2 pp | Jun 2023 −0.5 pp | Sep 2023 0.0 pp | Dec 2023 −0.1 pp | Mar 2024 +0.3 pp | Jun 2024 −0.2 pp | Sep 2024 −0.4 pp | Dec 2024 −3.0 pp | Mar 2025 −2.1 pp | Jun 2025 −2.3 pp | Sep 2025 −0.7 pp | Dec 2025 +0.5 pp | Mar 2026 +0.1 pp | Jun 2026 —
- CNXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 −1.3 pp | Mar 2023 −1.9 pp | Jun 2023 −1.6 pp | Sep 2023 −0.3 pp | Dec 2023 +0.2 pp | Mar 2024 −0.8 pp | Jun 2024 +0.4 pp | Sep 2024 −0.5 pp | Dec 2024 −0.9 pp | Mar 2025 0.0 pp | Jun 2025 −0.2 pp | Sep 2025 −0.1 pp | Dec 2025 0.0 pp | Mar 2026 +0.6 pp | Jun 2026 —
- SCSC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +0.1 pp | Mar 2023 −0.3 pp | Jun 2023 −0.4 pp | Sep 2023 −1.2 pp | Dec 2023 −1.2 pp | Mar 2024 −1.5 pp | Jun 2024 −0.5 pp | Sep 2024 −0.5 pp | Dec 2024 −0.6 pp | Mar 2025 +0.5 pp | Jun 2025 +0.6 pp | Sep 2025 +0.8 pp | Dec 2025 0.0 pp | Mar 2026 +0.1 pp | Jun 2026 —
- CLMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 +1.4 pp | Mar 2023 +0.2 pp | Jun 2023 −5.1 pp | Sep 2023 −1.7 pp | Dec 2023 −0.2 pp | Mar 2024 −2.0 pp | Jun 2024 +2.9 pp | Sep 2024 +5.1 pp | Dec 2024 +3.3 pp | Mar 2025 +0.6 pp | Jun 2025 +2.8 pp | Sep 2025 −3.3 pp | Dec 2025 −4.3 pp | Mar 2026 −1.7 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: TD SYNNEX Corporation has the lowest comparable Guarded PEG at 0.26×, 54.4% below ScanSource, Inc.. Only 5 of 7 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: TD SYNNEX Corporation · 0.26× | 54.4% versus #2 · ScanSource, Inc. | 0/8 recent comparable periods | 5/7 companies · 28 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. TD SYNNEX Corporation (SNX): 0.3
2. ScanSource, Inc. (SCSC): 0.6
3. Insight Enterprises, Inc. (NSIT): 0.8
4. Climb Global Solutions, Inc. (CLMB): 2.3
5. PC Connection, Inc. (CNXN): 3.3

### P/E — lowest P/E
1. Arrow Electronics, Inc. (ARW): 10.4
2. ScanSource, Inc. (SCSC): 11.0
3. Insight Enterprises, Inc. (NSIT): 11.7
4. PC Connection, Inc. (CNXN): 17.0
5. Climb Global Solutions, Inc. (CLMB): 17.4

### 20-quarter Guarded PEG history
- SNX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.7 | Sep 2023 0.7 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 1.4 | Dec 2024 0.8 | Mar 2025 1.1 | Jun 2025 0.7 | Sep 2025 0.8 | Dec 2025 0.6 | Mar 2026 0.3 | Jun 2026 —
- ARW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.2 | Mar 2026 — | Jun 2026 —
- NSIT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.0 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 3.6 | Jun 2024 2.1 | Sep 2024 2.9 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 0.8 | Jun 2026 —
- CNXN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 1.2 | Sep 2024 1.5 | Dec 2024 — | Mar 2025 3.3 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- SCSC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.4 | Mar 2026 0.6 | Jun 2026 —
- CLMB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.8 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 1.2 | Sep 2024 0.7 | Dec 2024 0.6 | Mar 2025 — | Jun 2025 0.4 | Sep 2025 1.1 | Dec 2025 1.6 | Mar 2026 2.3 | Jun 2026 —

### 20-quarter P/E history
- SNX: Sep 2021 — | Dec 2021 16.6 | Mar 2022 16.4 | Jun 2022 17.4 | Sep 2022 16.9 | Dec 2022 15.1 | Mar 2023 13.5 | Jun 2023 12.7 | Sep 2023 14.6 | Dec 2023 14.7 | Mar 2024 15.1 | Jun 2024 18.3 | Sep 2024 15.7 | Dec 2024 15.0 | Mar 2025 17.2 | Jun 2025 14.2 | Sep 2025 16.1 | Dec 2025 15.3 | Mar 2026 13.0 | Jun 2026 18.7
- ARW: Sep 2021 — | Dec 2021 8.8 | Mar 2022 — | Jun 2022 6.6 | Sep 2022 5.5 | Dec 2022 4.3 | Mar 2023 — | Jun 2023 5.9 | Sep 2023 7.3 | Dec 2023 7.7 | Mar 2024 10.2 | Jun 2024 11.4 | Sep 2024 15.0 | Dec 2024 15.5 | Mar 2025 14.3 | Jun 2025 14.4 | Sep 2025 13.4 | Dec 2025 10.1 | Mar 2026 — | Jun 2026 10.4
- AVT: Sep 2021 — | Dec 2021 11.8 | Mar 2022 9.1 | Jun 2022 7.5 | Sep 2022 6.1 | Dec 2022 4.6 | Mar 2023 — | Jun 2023 5.0 | Sep 2023 6.1 | Dec 2023 7.0 | Mar 2024 8.0 | Jun 2024 9.5 | Sep 2024 14.2 | Dec 2024 15.0 | Mar 2025 13.2 | Jun 2025 19.2 | Sep 2025 19.4 | Dec 2025 20.2 | Mar 2026 23.2 | Jun 2026 —
- NSIT: Sep 2021 15.6 | Dec 2021 17.9 | Mar 2022 17.0 | Jun 2022 12.1 | Sep 2022 11.4 | Dec 2022 13.1 | Mar 2023 19.1 | Jun 2023 20.3 | Sep 2023 20.0 | Dec 2023 23.5 | Mar 2024 23.3 | Jun 2024 24.6 | Sep 2024 27.1 | Dec 2024 23.2 | Mar 2025 29.4 | Jun 2025 32.8 | Sep 2025 27.0 | Dec 2025 16.8 | Mar 2026 11.7 | Jun 2026 —
- CNXN: Sep 2021 18.1 | Dec 2021 16.3 | Mar 2022 16.9 | Jun 2022 13.0 | Sep 2022 12.8 | Dec 2022 13.9 | Mar 2023 14.6 | Jun 2023 15.7 | Sep 2023 18.0 | Dec 2023 21.3 | Mar 2024 21.1 | Jun 2024 19.1 | Sep 2024 22.1 | Dec 2024 21.1 | Mar 2025 18.9 | Jun 2025 20.1 | Sep 2025 19.2 | Dec 2025 17.7 | Mar 2026 17.0 | Jun 2026 —
- SCSC: Sep 2021 20.1 | Dec 2021 11.0 | Mar 2022 9.7 | Jun 2022 9.0 | Sep 2022 7.5 | Dec 2022 8.0 | Mar 2023 8.6 | Jun 2023 8.5 | Sep 2023 9.5 | Dec 2023 11.4 | Mar 2024 14.0 | Jun 2024 14.5 | Sep 2024 15.4 | Dec 2024 18.8 | Mar 2025 12.3 | Jun 2025 13.9 | Sep 2025 13.7 | Dec 2025 12.0 | Mar 2026 11.0 | Jun 2026 —
- CLMB: Sep 2021 14.2 | Dec 2021 16.8 | Mar 2022 14.7 | Jun 2022 12.9 | Sep 2022 10.7 | Dec 2022 11.2 | Mar 2023 18.2 | Jun 2023 18.3 | Sep 2023 16.4 | Dec 2023 20.2 | Mar 2024 27.5 | Jun 2024 20.8 | Sep 2024 27.0 | Dec 2024 31.2 | Mar 2025 26.0 | Jun 2025 22.2 | Sep 2025 29.1 | Dec 2025 22.2 | Mar 2026 17.4 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: ScanSource, Inc. leads both ev/ebitda at 6.21× and p/bv at 0.83×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: ScanSource, Inc. · 6.21× | 7.3% versus #2 · Insight Enterprises, Inc. | 0/8 recent comparable periods | 7/7 companies · 128 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. ScanSource, Inc. (SCSC): 6.2
2. Insight Enterprises, Inc. (NSIT): 6.7
3. Arrow Electronics, Inc. (ARW): 8.3
4. Climb Global Solutions, Inc. (CLMB): 8.8
5. PC Connection, Inc. (CNXN): 9.2

### P/BV — lowest P/BV
1. ScanSource, Inc. (SCSC): 0.8
2. Avnet, Inc. (AVT): 1.0
3. Arrow Electronics, Inc. (ARW): 1.1
4. Insight Enterprises, Inc. (NSIT): 1.3
5. PC Connection, Inc. (CNXN): 1.6

### 20-quarter EV/EBITDA history
- SNX: Sep 2021 — | Dec 2021 16.8 | Mar 2022 14.3 | Jun 2022 11.4 | Sep 2022 9.5 | Dec 2022 8.8 | Mar 2023 8.4 | Jun 2023 7.5 | Sep 2023 7.9 | Dec 2023 7.9 | Mar 2024 8.0 | Jun 2024 9.6 | Sep 2024 8.6 | Dec 2024 8.0 | Mar 2025 9.5 | Jun 2025 8.0 | Sep 2025 8.8 | Dec 2025 7.9 | Mar 2026 7.8 | Jun 2026 11.0
- ARW: Sep 2021 — | Dec 2021 6.6 | Mar 2022 — | Jun 2022 5.5 | Sep 2022 4.9 | Dec 2022 4.1 | Mar 2023 — | Jun 2023 5.0 | Sep 2023 5.9 | Dec 2023 6.2 | Mar 2024 7.3 | Jun 2024 7.8 | Sep 2024 9.6 | Dec 2024 9.6 | Mar 2025 9.0 | Jun 2025 10.6 | Sep 2025 10.6 | Dec 2025 8.8 | Mar 2026 — | Jun 2026 8.3
- AVT: Sep 2021 — | Dec 2021 9.4 | Mar 2022 8.2 | Jun 2022 6.1 | Sep 2022 5.2 | Dec 2022 5.2 | Mar 2023 — | Jun 2023 6.0 | Sep 2023 5.9 | Dec 2023 6.8 | Mar 2024 7.1 | Jun 2024 8.0 | Sep 2024 9.4 | Dec 2024 9.9 | Mar 2025 9.9 | Jun 2025 12.3 | Sep 2025 12.6 | Dec 2025 12.1 | Mar 2026 12.3 | Jun 2026 —
- NSIT: Sep 2021 9.4 | Dec 2021 10.3 | Mar 2022 10.9 | Jun 2022 9.0 | Sep 2022 7.8 | Dec 2022 8.3 | Mar 2023 10.9 | Jun 2023 11.4 | Sep 2023 11.2 | Dec 2023 13.4 | Mar 2024 12.8 | Jun 2024 13.5 | Sep 2024 13.9 | Dec 2024 11.2 | Mar 2025 12.0 | Jun 2025 13.1 | Sep 2025 10.7 | Dec 2025 8.0 | Mar 2026 6.7 | Jun 2026 —
- CNXN: Sep 2021 11.0 | Dec 2021 9.5 | Mar 2022 10.6 | Jun 2022 7.9 | Sep 2022 7.7 | Dec 2022 8.4 | Mar 2023 8.7 | Jun 2023 8.5 | Sep 2023 10.0 | Dec 2023 12.8 | Mar 2024 12.5 | Jun 2024 11.1 | Sep 2024 13.5 | Dec 2024 12.6 | Mar 2025 11.4 | Jun 2025 12.0 | Sep 2025 10.6 | Dec 2025 9.5 | Mar 2026 9.2 | Jun 2026 —
- SCSC: Sep 2021 8.4 | Dec 2021 7.8 | Mar 2022 6.9 | Jun 2022 6.7 | Sep 2022 6.1 | Dec 2022 6.5 | Mar 2023 6.3 | Jun 2023 6.3 | Sep 2023 6.3 | Dec 2023 7.9 | Mar 2024 8.7 | Jun 2024 8.7 | Sep 2024 10.3 | Dec 2024 11.0 | Mar 2025 7.0 | Jun 2025 8.1 | Sep 2025 8.0 | Dec 2025 7.2 | Mar 2026 6.2 | Jun 2026 —
- CLMB: Sep 2021 0.2 | Dec 2021 0.8 | Mar 2022 0.2 | Jun 2022 0.7 | Sep 2022 0.6 | Dec 2022 0.9 | Mar 2023 0.1 | Jun 2023 0.8 | Sep 2023 0.1 | Dec 2023 1.5 | Mar 2024 2.1 | Jun 2024 1.2 | Sep 2024 3.4 | Dec 2024 3.6 | Mar 2025 13.7 | Jun 2025 2.4 | Sep 2025 2.8 | Dec 2025 2.2 | Mar 2026 8.8 | Jun 2026 —

### 20-quarter P/BV history
- SNX: Sep 2021 — | Dec 2021 1.3 | Mar 2022 1.2 | Jun 2022 1.2 | Sep 2022 1.2 | Dec 2022 1.2 | Mar 2023 1.1 | Jun 2023 1.0 | Sep 2023 1.1 | Dec 2023 1.1 | Mar 2024 1.1 | Jun 2024 1.4 | Sep 2024 1.3 | Dec 2024 1.2 | Mar 2025 1.4 | Jun 2025 1.2 | Sep 2025 1.4 | Dec 2025 1.5 | Mar 2026 1.4 | Jun 2026 2.3
- ARW: Sep 2021 — | Dec 2021 1.6 | Mar 2022 — | Jun 2022 1.5 | Sep 2022 1.4 | Dec 2022 1.1 | Mar 2023 — | Jun 2023 1.3 | Sep 2023 1.4 | Dec 2023 1.1 | Mar 2024 1.2 | Jun 2024 1.1 | Sep 2024 1.2 | Dec 2024 1.0 | Mar 2025 0.9 | Jun 2025 1.0 | Sep 2025 1.0 | Dec 2025 0.9 | Mar 2026 — | Jun 2026 1.1
- AVT: Sep 2021 — | Dec 2021 0.9 | Mar 2022 1.0 | Jun 2022 0.9 | Sep 2022 1.0 | Dec 2022 0.9 | Mar 2023 — | Jun 2023 0.9 | Sep 2023 1.0 | Dec 2023 0.9 | Mar 2024 0.9 | Jun 2024 0.9 | Sep 2024 1.0 | Dec 2024 1.0 | Mar 2025 0.8 | Jun 2025 0.9 | Sep 2025 0.9 | Dec 2025 0.8 | Mar 2026 1.0 | Jun 2026 —
- NSIT: Sep 2021 2.2 | Dec 2021 2.5 | Mar 2022 2.5 | Jun 2022 1.9 | Sep 2022 1.8 | Dec 2022 2.1 | Mar 2023 3.0 | Jun 2023 3.0 | Sep 2023 2.9 | Dec 2023 3.3 | Mar 2024 3.4 | Jun 2024 3.5 | Sep 2024 3.9 | Dec 2024 2.7 | Mar 2025 3.0 | Jun 2025 2.7 | Sep 2025 2.2 | Dec 2025 1.5 | Mar 2026 1.3 | Jun 2026 —
- CNXN: Sep 2021 1.7 | Dec 2021 1.7 | Mar 2022 2.0 | Jun 2022 1.6 | Sep 2022 1.6 | Dec 2022 1.6 | Mar 2023 1.5 | Jun 2023 1.5 | Sep 2023 1.7 | Dec 2023 2.1 | Mar 2024 2.0 | Jun 2024 1.9 | Sep 2024 2.2 | Dec 2024 2.0 | Mar 2025 1.8 | Jun 2025 1.9 | Sep 2025 1.7 | Dec 2025 1.6 | Mar 2026 1.6 | Jun 2026 —
- SCSC: Sep 2021 1.2 | Dec 2021 1.2 | Mar 2022 1.1 | Jun 2022 1.0 | Sep 2022 0.8 | Dec 2022 0.9 | Mar 2023 0.9 | Jun 2023 0.8 | Sep 2023 0.8 | Dec 2023 1.0 | Mar 2024 1.2 | Jun 2024 1.2 | Sep 2024 1.3 | Dec 2024 1.2 | Mar 2025 0.9 | Jun 2025 1.0 | Sep 2025 1.1 | Dec 2025 0.9 | Mar 2026 0.8 | Jun 2026 —
- CLMB: Sep 2021 0.6 | Dec 2021 0.7 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.6 | Dec 2022 0.6 | Mar 2023 0.9 | Jun 2023 0.8 | Sep 2023 0.7 | Dec 2023 0.8 | Mar 2024 1.1 | Jun 2024 0.9 | Sep 2024 1.3 | Dec 2024 1.6 | Mar 2025 5.3 | Jun 2025 1.2 | Sep 2025 1.4 | Dec 2025 1.0 | Mar 2026 3.1 | Jun 2026 —

## Market action

Arrow Electronics, Inc. has the strongest one-year price move in Electronics & Computer Distribution at +84.4%. It also leads on Mansfield relative strength against the S&P 500 at +31.5%. 6 of 7 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

### Strongest one-year price performers
1. Arrow Electronics, Inc. (ARW): 84%
2. TD SYNNEX Corporation (SNX): 76%
3. Avnet, Inc. (AVT): 66%
4. ScanSource, Inc. (SCSC): 52%
5. PC Connection, Inc. (CNXN): 36%

### Strongest relative strength versus NIFTY 500
1. Arrow Electronics, Inc. (ARW): 32%
2. Avnet, Inc. (AVT): 27%
3. TD SYNNEX Corporation (SNX): 26%
4. ScanSource, Inc. (SCSC): 25%
5. PC Connection, Inc. (CNXN): 21%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

## Every company
- TD SYNNEX Corporation (SNX) — market value ₹19.8K Cr; latest fundamentals Jun 2026
- Arrow Electronics, Inc. (ARW) — market value ₹10.8K Cr; latest fundamentals Jun 2026
- Avnet, Inc. (AVT) — market value ₹7.1K Cr; latest fundamentals Mar 2026
- Insight Enterprises, Inc. (NSIT) — market value ₹3.8K Cr; latest fundamentals Mar 2026
- PC Connection, Inc. (CNXN) — market value ₹2.1K Cr; latest fundamentals Mar 2026
- ScanSource, Inc. (SCSC) — market value ₹1.2K Cr; latest fundamentals Mar 2026
- Climb Global Solutions, Inc. (CLMB) — market value ₹516 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-28.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Which Electronics & Computer Distribution company is the biggest?

TD SYNNEX Corporation is the largest, with trailing-twelve-month revenue of $69,766 million, ahead of Avnet, Inc. at $24,956 million. That covers 6 of 7 companies with comparable reporting through Jun 2026.

### Which Electronics & Computer Distribution company is growing fastest?

Climb Global Solutions, Inc. has the fastest revenue growth at 36.2% year on year, across 6 of 7 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Electronics & Computer Distribution company has the best profit margins?

Arrow Electronics, Inc. has the highest operating margin at 3.8%, from 7 of 7 comparable companies. Arrow Electronics, Inc. shows the biggest recent improvement, at +1.3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Electronics & Computer Distribution company makes the most profit?

TD SYNNEX Corporation earns the most, at $1,136 million of trailing-twelve-month net profit, from 6 of 7 comparable companies. TD SYNNEX Corporation has the fastest profit growth at 56.3%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Electronics & Computer Distribution company earns the highest return on capital?

Arrow Electronics, Inc. leads on return on capital employed at 3.9%, across 7 of 7 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Electronics & Computer Distribution stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — TD SYNNEX Corporation screens cheapest at 0.26×. Only 5 of 7 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Electronics & Computer Distribution company has the strongest balance sheet?

Climb Global Solutions, Inc. carries the lowest comparable gross debt at $2 million, from 7 of 7 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Electronics & Computer Distribution company is investing most in new capacity?

TD SYNNEX Corporation reports the largest capital spending at $67 million, across 7 of 7 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

### Is the Electronics & Computer Distribution sector beating the market?

Electronics & Computer Distribution has outperformed S&P 500 by 23.3% over the last 52 weeks and 27.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 6 of 7 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Electronics & Computer Distribution stock has the strongest price momentum?

Arrow Electronics, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Electronics & Computer Distribution company scores highest for research priority?

Arrow Electronics, Inc. scores 65.9 out of 100 with 58.7% evidence confidence, from 23.1 points on growth and earnings, 15.3 on capital efficiency, 11.5 on valuation and 16 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Electronics & Computer Distribution companies does this comparison cover, and over what period?

It compares 7 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Electronics & Computer Distribution sector?

The 7 Electronics & Computer Distribution companies on this page carry $45,190 million of combined market value. TD SYNNEX Corporation is the largest at $19,764 million, about 44% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

### What is the Electronics & Computer Distribution sector's P/E ratio?

The median price-to-earnings ratio across the 7 Electronics & Computer Distribution companies on this page is 17×, measured on the 7 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

### How is the Electronics & Computer Distribution sector performing?

6 of the 7 covered Electronics & Computer Distribution companies are beating S&P 500 on Mansfield relative strength. The sector itself is 23.3% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

### How many Electronics & Computer Distribution stocks are listed in the US?

This comparison covers 7 listed Electronics & Computer Distribution companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/electronics-computer-distribution