AVGO Broadcom Inc.

Overview and Growth

Broadcom Inc. generated $63.89B of revenue in fiscal 2025. At $63.89B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $51.57B in fiscal 2024, revenue recorded a 23.9% year-over-year increase. The company reported diluted EPS of $4.77, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $1.23 in fiscal 2024, the current result was 287.8% higher. Diluted shares averaged 4.85B; this is the reported share base over which the company’s diluted per-share earnings were spread. The company employed $171.09B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.37x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $43.29B as gross profit before recognizing operating expenses and other items. Gross margin was 67.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operating income was $25.48B, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 39.9% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. EBITDA was $26.06B, adding a pre-interest, tax, depreciation, and amortization view of the company’s earnings capacity. Before income taxes, the company reported $22.73B of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 35.6%, adding a pre-tax profitability layer between revenue and net income. The reported tax benefit was $397.00M, favorably bridging the pretax and after-tax results. The effective tax-benefit relationship was 1.7% of positive pretax income.

Liquidity and Capital Structure

At period end, the $171.09B asset base was financed through $89.80B of liabilities and $81.29B of equity. Current assets were $31.57B against $18.51B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 1.71x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $16.18B, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 87.4%, excluding receivables and other current assets. Equity equaled 47.5% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 52.5%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 9.5%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 3.3% higher than fiscal 2024 assets of $165.65B, measuring the company’s own balance-sheet change. Book equity was 20.1% higher than fiscal 2024 equity of $67.68B, showing how shareholder capital changed year over year. The reported cash balance changed 73.1% from $9.35B in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

The company reported $27.54B of operating cash flow, a cash inflow that shows the cash generated by operations. Capital expenditures used $623.00M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 2.3% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $26.91B, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 42.1%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 15.7%, showing the cash productivity of the company’s assets. Operating cash flow of $27.54B finished above fiscal 2024 operating cash flow of $19.96B, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Nov 2, 2025. Analysis generated Oct 21, 2026.