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Broadcom

Broadcom's net profit rose 98.1% yoy to USD 7,830 mil in 2021

By Helgi Library - August 29, 2022

Broadcom made a net profit of USD 7,830 mil with revenues of USD 28,501 mil in 2021, up by 98.1% and up by 15.5%, r...

Broadcom's price/earnings (P/E) fell 24.8% yoy to 37.9 in 2021

By Helgi Library - August 29, 2022

Broadcom stock traded at USD 665 per share at the end 2021 translating into a market capitalization of USD 285,457 mil. Since the...

Broadcom's Net Margin rose 71.6% yoy to 27.5% in 2021

By Helgi Library - August 29, 2022

Broadcom made a net profit of USD 7,830 mil with revenues of USD 28,501 mil in 2021, up by 98.1% and up by 15.5%, respective...

Profit Statement 2023 2024 2025
Sales USD mil 35,163 35,889 38,448
Gross Profit USD mil 24,065 23,549 25,376
EBITDA USD mil 15,588 16,665 17,210
EBIT USD mil 15,044 15,918 16,248
Financing Cost USD mil ... ... ...
Pre-Tax Profit USD mil 13,544 14,418 14,748
Net Profit USD mil 12,313 13,108 13,407
Dividends USD mil 7,900 7,596 7,763
Balance Sheet 2023 2024 2025
Total Assets USD mil 77,339 87,282 96,519
Non-Current Assets USD mil 61,408 63,250 65,148
Current Assets USD mil 15,931 24,032 31,371
Working Capital USD mil 3,351 3,553 3,768
Shareholders' Equity USD mil 15,171 20,683 26,326
Liabilities USD mil 62,167 66,600 70,192
Total Debt USD mil 39,505 39,505 39,505
Net Debt USD mil 29,286 21,505 14,505
Ratios 2023 2024 2025
ROE % 74.5 73.1 57.0
ROCE % 19.3 19.9 19.8
Gross Margin % 68.4 65.6 66.0
EBITDA Margin % 44.3 46.4 44.8
EBIT Margin % 42.8 44.4 42.3
Net Margin % 35.0 36.5 34.9
Net Debt/EBITDA 1.88 1.29 0.843
Net Debt/Equity % 193 104 55.1
Cost of Financing % ... ... ...
Valuation 2023 2024 2025
Market Capitalisation USD mil 213,610 213,610 213,610
Enterprise Value (EV) USD mil 242,896 235,115 228,115
Number Of Shares mil 410 410 410
Share Price USD 521 521 521
EV/EBITDA 15.6 14.1 13.3
EV/Sales 6.91 6.55 5.93
Price/Earnings (P/E) 17.3 16.3 15.9
Price/Book Value (P/BV) 14.1 10.3 8.11
Dividend Yield % 3.70 3.56 3.63

Get all company financials in excel:

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overview Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
income statement                                        
Sales USD mil                     15,608 18,824 21,310 22,666 24,685          
Gross Profit USD mil                     7,000 9,136 11,313 12,539 14,204          
EBIT USD mil                     -378 2,820 4,747 3,603 5,137          
Net Profit USD mil                     -1,877 7,683 6,500 2,638 3,953          
                                           
ROE % ...                   -13.8 30.1 24.9 10.6 15.1          
EBIT Margin %                     -2.42 15.0 22.3 15.9 20.8          
Net Margin %                     -12.0 40.8 30.5 11.6 16.0          
Employees     ...               15,700 14,000 15,000 19,000 21,000   ... ... ... ...
balance sheet                                        
Total Assets USD mil                     49,617 54,544 72,110 81,006 76,972          
Non-Current Assets USD mil                     42,267 43,324 61,506 68,897 62,672          
Current Assets USD mil                     7,350 11,220 10,604 12,109 14,300          
                                           
Shareholders' Equity USD mil                     22,010 29,081 23,224 24,396 23,999          
Liabilities USD mil                     27,607 25,463 48,886 56,610 52,973          
Non-Current Liabilities USD mil                     25,485 23,493 40,537 48,871 46,279          
Current Liabilities USD mil                     2,122 1,970 8,349 7,739 6,694          
                                           
Net Debt/EBITDA                     2.84 3.20 6.17 9.33 5.68          
Net Debt/Equity %                     45.6 36.2 140 160 135          
Cost of Financing % ...                   6.99 3.38 2.86 3.63 4.45   ... ... ... ...
cash flow                                        
Total Cash From Operations USD mil                     4,290 6,883 9,327 9,887 12,852          
Total Cash From Investing USD mil                     -10,074 -4,582 -15,640 -11,216 -244          
Total Cash From Financing USD mil                     7,151 1,239 4,330 2,680 -9,500          
Net Change In Cash USD mil                     1,367 3,540 -1,983 1,351 3,108          
valuation                                        
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 107,927 109,200 132,491 184,398          
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 118,443 141,748 171,428 216,778          
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 420 430 418 421          
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 257 254 317 438          
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 14.0 16.8 52.3 50.4          
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 13.2 15.5 41.3 40.8          
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 36.1 26.9 41.1 38.0          
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 3.71 4.70 5.43 7.68          
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 1.89 3.09 3.55 3.15          
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
income statement                                        
Sales USD mil                     15,608 18,824 21,310 22,666 24,685          
Cost of Goods & Services USD mil                     8,608 9,688 9,997 10,127 10,481          
Gross Profit USD mil                     7,000 9,136 11,313 12,539 14,204          
Selling, General & Admin USD mil ... ...                 893 889 1,236 1,839 1,673   ... ... ... ...
Research & Development USD mil                     3,215 3,409 3,976 4,852 4,890   ... ... ... ...
Other Operating Expense USD mil ... ... ...               3,270 2,018 1,354 2,245 2,504   ... ... ... ...
Other Operating Cost (Income) USD mil ... ...                 0 0 0 0 0   ... ... ... ...
EBITDA USD mil                     3,534 3,285 5,279 4,175 5,699          
Depreciation USD mil ... ... ...               456 465 532 572 562          
EBIT USD mil                     -378 2,820 4,747 3,603 5,137          
Net Financing Cost USD mil   ... ... ... ... ...         534 436 722 1,454 1,804 ... ... ... ... ...
Financing Cost USD mil                     612 526 790 1,505 1,941   ... ... ... ...
Financing Income USD mil ... ... ... ... ... ...         18.5 61.5 110 73.5 0 ... ... ... ... ...
FX (Gain) Loss USD mil                     0 0 0 0 0 ... ... ... ... ...
(Income) / Loss from Affiliates USD mil ... ... ...         ... ... ... 0 0 0 ... ... ... ... ... ... ...
Extraordinary Cost USD mil                     117 16.0 14.0 -3.00 6.00   ... ... ... ...
Pre-Tax Profit USD mil                     -1,234 2,353 4,028 2,252 3,523          
Tax USD mil                     635 -5,761 -2,501 -383 -436          
Minorities USD mil   ... ...               -109 415 15.0 0 0   ... ... ... ...
Net Profit USD mil                     -1,877 7,683 6,500 2,638 3,953          
Net Profit Avail. to Common USD mil                     -1,877 7,683 6,500 2,535 3,656          
Dividends USD mil ... ... ...               1,003 1,962 3,269 4,463 5,544          
growth rates                                        
Total Revenue Growth % ...                   124 20.6 13.2 6.36 8.91          
Operating Cost Growth % ...                   276 -14.4 3.96 36.1 1.47   ... ... ... ...
EBITDA Growth % ...                   31.6 -7.05 60.7 -20.9 36.5          
EBIT Growth % ...                   -122 -846 68.3 -24.1 42.6          
Pre-Tax Profit Growth % ...                   -182 -291 71.2 -44.1 56.4          
Net Profit Growth % ...                   -235 -509 -15.4 -61.0 44.2          
ratios                                        
ROE % ...                   -13.8 30.1 24.9 10.6 15.1          
ROA % ...                   -6.22 14.8 10.3 3.45 5.00          
ROCE % ...                   -7.17 16.9 11.6 3.82 5.74          
Gross Margin %                     44.8 48.5 53.1 55.3 57.5          
EBITDA Margin %                     22.6 17.5 24.8 18.4 23.1          
EBIT Margin %                     -2.42 15.0 22.3 15.9 20.8          
Net Margin %                     -12.0 40.8 30.5 11.6 16.0          
Payout Ratio % ... ... ...               -53.4 25.5 50.3 169 140          
Cost of Financing % ...                   6.99 3.38 2.86 3.63 4.45   ... ... ... ...
Net Debt/EBITDA                     2.84 3.20 6.17 9.33 5.68          
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
balance sheet                                        
Cash & Cash Equivalents USD mil ... ...                 3,536 7,076 5,093 6,444 9,552          
Receivables USD mil                     1,947 2,459 3,677 3,651 2,524          
Inventories USD mil                     1,336 1,291 1,074 944 952          
Other ST Assets USD mil                     531 834 1,003 1,070 1,272          
Current Assets USD mil                     7,350 11,220 10,604 12,109 14,300          
Property, Plant & Equipment USD mil                     2,646 2,747 2,684 3,236 2,496          
LT Investments & Receivables USD mil                     0 0 0 0 0          
Intangible Assets USD mil                     38,767 40,070 58,140 64,937 58,876          
Goodwill USD mil                     24,700 26,899 36,647 43,472 43,457          
Non-Current Assets USD mil                     42,267 43,324 61,506 68,897 62,672          
Total Assets USD mil                     49,617 54,544 72,110 81,006 76,972          
                                           
Trade Payables USD mil                     1,047 816 738 985 898          
Short-Term Debt USD mil                     0 117 3,537 2,406 864          
Other ST Liabilities USD mil                     739 755 3,775 5,414 3,568          
Current Liabilities USD mil                     2,122 1,970 8,349 7,739 6,694          
Long-Term Debt USD mil                     13,562 17,475 34,104 42,975 41,068          
Other LT Liabilities USD mil                     22,210 16,037 6,602 7,427 5,780          
Non-Current Liabilities USD mil                     25,485 23,493 40,537 48,871 46,279          
Liabilities USD mil                     27,607 25,463 48,886 56,610 52,973          
Preferred Equity and Hybrid Capital USD mil                     0 0 0 3,738 3,738          
Share Capital USD mil                     19,504 20,851 23,081 20,790 20,368          
Treasury Stock USD mil                     0 0 0 0 0   ... ... ... ...
Equity Before Minority Interest USD mil                     19,033 25,901 23,224 24,396 23,999          
Minority Interest USD mil                     2,977 3,180 0 0 0   ... ... ... ...
Equity USD mil                     22,010 29,081 23,224 24,396 23,999          
growth rates                                        
Total Asset Growth % ...                   360 9.93 32.2 12.3 -4.98          
Shareholders' Equity Growth % ...                   330 32.1 -20.1 5.05 -1.63          
Net Debt Growth % ...                   467 4.89 210 19.6 -16.8          
Total Debt Growth % ...                   244 29.7 114 20.6 -7.60          
ratios                                        
Total Debt USD mil                     13,562 17,592 37,641 45,381 41,932          
Net Debt USD mil                     10,026 10,516 32,548 38,937 32,380          
Working Capital USD mil                     2,236 2,934 4,013 3,610 2,578          
Capital Employed USD mil                     44,503 46,258 65,519 72,507 65,250          
Net Debt/Equity %                     45.6 36.2 140 160 135          
Current Ratio                     3.46 5.70 1.27 1.56 2.14          
Quick Ratio ... ...                 2.58 4.84 1.05 1.30 1.80          
cash flow Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
cash flow                                        
Net Profit USD mil                     -1,877 7,683 6,500 2,638 3,953          
Depreciation USD mil ... ... ...               456 465 532 572 562          
Non-Cash Items USD mil                     1,700 -5,033 -1,387 1,158 707          
Change in Working Capital USD mil                     555 -574 -142 14.0 1,482          
Total Cash From Operations USD mil                     4,290 6,883 9,327 9,887 12,852          
                                           
Capital Expenditures USD mil ... ... ...               -903 -286 -512 -353 -457          
Net Change in LT Investment USD mil                     0 0 0 0 0   ... ... ... ...
Net Cash From Acquisitions USD mil ... ... ...               -9,203 -4,044 -15,093 -10,876 208   ... ... ... ...
Other Investing Activities USD mil                     32.0 -252 -35.0 13.0 5.00   ... ... ... ...
Total Cash From Investing USD mil                     -10,074 -4,582 -15,640 -11,216 -244          
                                           
Dividends Paid USD mil                     -1,059 -2,069 -3,310 -4,540 -5,705          
Issuance Of Shares USD mil                     350 230 -10,510 936 -322          
Issuance Of Debt USD mil                     7,982 3,102 17,779 5,555 -2,437          
Other Financing Activities USD mil                     -122 -24.0 371 729 -1,036   ... ... ... ...
Total Cash From Financing USD mil                     7,151 1,239 4,330 2,680 -9,500          
                                           
Effect of FX Rates USD mil ... ... ...               0 0 0 0 0   ... ... ... ...
Net Change In Cash USD mil                     1,367 3,540 -1,983 1,351 3,108          
ratios                                        
Days Sales Outstanding days                     45.5 47.7 63.0 58.8 37.3          
Days Sales Of Inventory days                     56.6 48.6 39.2 34.0 33.2          
Days Payable Outstanding days                     44.4 30.7 26.9 35.5 31.3          
Cash Conversion Cycle days                     57.8 65.6 75.2 57.3 39.2          
Cash Earnings USD mil ... ... ...               -1,421 8,148 7,032 3,210 4,515          
Free Cash Flow USD mil                     -5,784 2,301 -6,313 -1,329 12,608          
Capital Expenditures (As % of Sales) % ... ... ...               5.79 1.52 2.40 1.56 1.85          
other ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
                                         
Employees     ...               15,700 14,000 15,000 19,000 21,000   ... ... ... ...
Operating Cost (As % of Sales) %                     47.3 33.6 30.8 39.4 36.7   ... ... ... ...
Research & Development (As % of Sales) %                     20.6 18.1 18.7 21.4 19.8   ... ... ... ...
Effective Tax Rate %                     -51.5 -245 -62.1 -17.0 -12.4          
Total Revenue Growth (5-year average) % ... ... ... ... ...           46.0 51.3 51.7 34.3 28.8          
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... 27.0 28.2 29.0 30.6 27.4          
valuation Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
                                         
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 107,927 109,200 132,491 184,398          
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 118,443 141,748 171,428 216,778          
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 420 430 418 421          
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 257 254 317 438          
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 36.1 26.9 41.1 38.0          
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 14.0 16.8 52.3 50.4          
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 13.2 15.5 41.3 40.8          
P/FCF ... ... ... ... ... ... ... ... ... ... ... 46.9 -17.3 -99.7 14.6          
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 3.71 4.70 5.43 7.68          
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 1.89 3.09 3.55 3.15          
Free Cash Flow Yield % ... ... ... ... ... ... ... ... ... ... ... 2.13 -5.78 -1.00 6.84          
Earnings Per Share (EPS) USD ... ... ... ... ... ... ... ... ... ... ... 18.3 15.1 6.07 8.68          
Cash Earnings Per Share USD ... ... ... ... ... ... ... ... ... ... ... 19.4 16.4 7.68 10.7          
Free Cash Flow Per Share USD ... ... ... ... ... ... ... ... ... ... ... 5.48 -14.7 -3.18 29.9          
Book Value Per Share USD ... ... ... ... ... ... ... ... ... ... ... 69.2 54.0 58.4 57.0          
Dividend Per Share USD ... ... ... ... ... ... ... ... ... ... ... 4.86 7.84 11.2 13.8          
EV/Sales ... ... ... ... ... ... ... ... ... ... ... 6.29 6.65 7.56 8.78          
EV/EBIT ... ... ... ... ... ... ... ... ... ... ... 42.0 29.9 47.6 42.2          
EV/Free Cash Flow ... ... ... ... ... ... ... ... ... ... ... 51.5 -22.5 -129 17.2          
EV/Capital Employed ... ... ... ... ... ... ... ... ... ... ... 2.56 2.16 2.36 3.32          
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... -17.4 -59.9 43.2          
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... -15.7 -53.0 39.6          
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... -22.0 8.06 -2.34          

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Broadcom's Share Price rose 51.9% yoy to USD 665 in 2021

By Helgi Library - August 29, 2022

Broadcom stock traded at USD 665 per share at the end 2021 implying a market capitalization of USD 285,457 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose ...

Broadcom's Capital Expenditures rose 6.78% yoy to USD 426 mil in 2021

By Helgi Library - August 29, 2022

Broadcom invested a total of USD 426 mil in 2021, down 6.78% compared to the previous year. Historically, between 2009 - 2021, the company's investments stood at a high of USD 903 mil in 2016 and a low of USD 55.0 mil in 2009. As a pe...

Broadcom's P/FCF rose 42.4% yoy to 20.8 in 2021

By Helgi Library - August 29, 2022

Broadcom stock traded at USD 665 per share at the end 2021 translating into a market capitalization of USD 285,457 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the firm traded...

Broadcom's Net Debt/EBITDA fell 50.1% yoy to 2.84 in 2021

By Helgi Library - August 29, 2022

Broadcom's net debt stood at USD 29,286 mil and accounted for 127% of equity at the end of 2021. The ratio is down 7.56 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 160% in 2019 and a low of ...

Broadcom's ROCE rose 116% yoy to 12.4% in 2021

By Helgi Library - August 29, 2022

Broadcom made a net profit of USD 7,830 mil in 2021, up 98.1% compared to the previous year. Historically, between 2006 and 2021, the company's net profit reached a high of USD 7,830 mil in 2021 and a low of USD -1,877 mil in 2016. The result implies a re...

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Finance

Broadcom has been growing its sales by 9.27% a year on average in the last 5 years. EBITDA has grown on average by 24.7% a year during that time to total of USD 17,210 mil in 2025, or 44.8% of sales. That’s compared to 42.9% average margin seen in last five years.

The company netted USD 13,407 mil in 2025 implying ROE of 57.0% and ROCE of 19.8%. Again, the average figures were 58.4% and 18.0%, respectively when looking at the previous 5 years.

Broadcom’s net debt amounted to USD 14,505 mil at the end of 2025, or 55.1% of equity. When compared to EBITDA, net debt was 0.843x, down when compared to average of 1.77x seen in the last 5 years.

Valuation

Broadcom stock traded at USD 521 per share at the end of 2025 resulting in a market capitalization of USD 213,610 mil. Over the previous five years, stock price grew by 18.9% or 3.53% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 13.3x and price to earnings (PE) of 15.9x as of 2025.