TD Synnex (SNX)
Market Price (11/18/2025): $146.14 | Market Cap: $11.9 BilSector: Information Technology | Industry: Technology Distributors
TD Synnex (SNX)
Market Price (11/18/2025): $146.14Market Cap: $11.9 BilSector: Information TechnologyIndustry: Technology Distributors
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8% | Weak multi-year price returns3Y Excs Rtn is -11% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3% |
| Low stock price volatilityVol 12M is 33% | ||
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8% |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Cybersecurity, and Artificial Intelligence. Themes include Hybrid Cloud Solutions, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -11% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3% |
Market Valuation & Key Metrics
SNX Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
TD Synnex (SNX) experienced a 1.6% stock movement from July 31, 2025, to November 18, 2025, influenced by several key factors.
1. Strong Fiscal Third Quarter 2025 Earnings Beat: TD Synnex reported robust financial results for its fiscal third quarter ended August 31, 2025, on September 25, 2025. The company announced diluted earnings per share (EPS) of $3.58, significantly exceeding analysts' consensus estimates of $3.05. Additionally, quarterly revenue increased by 6.6% year-over-year to $15.65 billion, surpassing analyst expectations of $15.11 billion. This strong performance was a primary catalyst for positive stock movement, with shares jumping 5.3% on the day of the announcement.
2. Optimistic Fiscal Fourth Quarter 2025 Guidance: Alongside the strong Q3 results, TD Synnex provided an upbeat outlook for the fiscal fourth quarter of 2025. The company projected revenue between $16.5 billion and $17.3 billion and non-GAAP diluted EPS ranging from $3.45 to $3.95, both of which surpassed Wall Street's consensus estimates. This forward-looking guidance indicated continued growth momentum and bolstered investor confidence.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SNX Return | 27% | 41% | -16% | 15% | 11% | 26% | 142% |
| Peers Return | 29% | 26% | -22% | 23% | -12% | -19% | 12% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| SNX Win Rate | 75% | 67% | 42% | 67% | 58% | 70% | |
| Peers Win Rate | 52% | 48% | 30% | 62% | 52% | 44% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| SNX Max Drawdown | -49% | -1% | -28% | -8% | -8% | -18% | |
| Peers Max Drawdown | -21% | -9% | -30% | -3% | -29% | -21% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MSCI, CTSH, TYL, IZM, CDW. See SNX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/17/2025 (YTD)
How Low Can It Go
| Event | SNX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -37.2% | -25.4% |
| % Gain to Breakeven | 59.3% | 34.1% |
| Time to Breakeven | 602 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -56.1% | -33.9% |
| % Gain to Breakeven | 127.6% | 51.3% |
| Time to Breakeven | 201 days | 148 days |
| 2018 Correction | ||
| % Loss | -47.9% | -19.8% |
| % Gain to Breakeven | 92.0% | 24.7% |
| Time to Breakeven | 409 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -67.3% | -56.8% |
| % Gain to Breakeven | 205.5% | 131.3% |
| Time to Breakeven | 168 days | 1480 days |
Compare to MSCI, CTSH, TYL, IZM, CDW
In The Past
TD Synnex's stock fell -37.2% during the 2022 Inflation Shock from a high on 8/30/2021. A -37.2% loss requires a 59.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to SNX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ZBRA | Zebra Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -13.6% | -13.6% | -13.6% |
| 10312025 | ACN | Accenture | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.5% | -3.5% | -3.5% |
| 10312025 | ADBE | Adobe | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -4.5% | -4.5% | -4.5% |
| 10312025 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -4.0% | -4.0% | -4.0% |
| 10242025 | MRVL | Marvell Technology | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.8% | -0.8% | -0.8% |
| 03312020 | SNX | TD Synnex | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 81.1% | 214.3% | -7.5% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | ZBRA | Zebra Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -13.6% | -13.6% | -13.6% |
| 10312025 | ACN | Accenture | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.5% | -3.5% | -3.5% |
| 10312025 | ADBE | Adobe | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -4.5% | -4.5% | -4.5% |
| 10312025 | TXN | Texas Instruments | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -4.0% | -4.0% | -4.0% |
| 10242025 | MRVL | Marvell Technology | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.8% | -0.8% | -0.8% |
| 03312020 | SNX | TD Synnex | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 81.1% | 214.3% | -7.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for TD Synnex
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 143.27 |
| Mkt Cap | 20.0 |
| Rev LTM | 20,857 |
| Op Inc LTM | 1,634 |
| FCF LTM | 1,009 |
| FCF 3Y Avg | 1,170 |
| CFO LTM | 1,117 |
| CFO 3Y Avg | 1,296 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 2.6% |
| Rev Chg Q | 7.4% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Mgn LTM | 15.4% |
| Op Mgn 3Y Avg | 13.2% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 12.0% |
| FCF/Rev LTM | 12.7% |
| FCF/Rev 3Y Avg | 10.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 20.0 |
| P/S | 1.7 |
| P/EBIT | 11.2 |
| P/E | 17.5 |
| P/CFO | 18.8 |
| Total Yield | 6.6% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -6.3% |
| 3M Rtn | -7.8% |
| 6M Rtn | -16.0% |
| 12M Rtn | -13.3% |
| 3Y Rtn | 23.6% |
| 1M Excs Rtn | -6.4% |
| 3M Excs Rtn | -12.8% |
| 6M Excs Rtn | -27.9% |
| 12M Excs Rtn | -29.5% |
| 3Y Excs Rtn | -38.7% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/25/2025 | 6.2% | 9.3% | 2.3% |
| 6/24/2025 | 7.3% | 6.3% | 14.7% |
| 3/27/2025 | -14.3% | -14.9% | -11.1% |
| 1/10/2025 | 9.8% | 12.3% | 17.7% |
| 9/26/2024 | 1.2% | -0.6% | 3.3% |
| 6/25/2024 | -9.6% | -11.9% | -9.8% |
| 3/26/2024 | 6.5% | 10.4% | 11.6% |
| 1/9/2024 | 0.2% | -1.2% | -5.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 13 |
| # Negative | 10 | 12 | 11 |
| Median Positive | 6.0% | 10.1% | 6.9% |
| Median Negative | -5.4% | -5.9% | -7.1% |
| Max Positive | 14.6% | 16.2% | 22.0% |
| Max Negative | -14.3% | -14.9% | -11.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 8312025 | 10012025 | 10-Q 8/31/2025 |
| 5312025 | 7022025 | 10-Q 5/31/2025 |
| 2282025 | 4022025 | 10-Q 2/28/2025 |
| 11302024 | 1242025 | 10-K 11/30/2024 |
| 8312024 | 10032024 | 10-Q 8/31/2024 |
| 5312024 | 7032024 | 10-Q 5/31/2024 |
| 2292024 | 4042024 | 10-Q 2/29/2024 |
| 11302023 | 1262024 | 10-K 11/30/2023 |
| 8312023 | 10032023 | 10-Q 8/31/2023 |
| 5312023 | 7062023 | 10-Q 5/31/2023 |
| 2282023 | 4052023 | 10-Q 2/28/2023 |
| 11302022 | 1242023 | 10-K 11/30/2022 |
| 8312022 | 10042022 | 10-Q 8/31/2022 |
| 5312022 | 7072022 | 10-Q 5/31/2022 |
| 2282022 | 4052022 | 10-Q 2/28/2022 |
| 11302021 | 1282022 | 10-K 11/30/2021 |
External Quote Links
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |