
Synnex has consistently demonstrated strong financial health, with a revenue growth rate of 10% in 2020, outpacing the industry average.
The company's net income has also seen a significant increase, rising from $143 million in 2018 to $214 million in 2020.
Synnex's financial stability has been a key factor in its ability to maintain a strong stock performance, with a market value of over $5 billion.
Despite market fluctuations, Synnex's stock has shown resilience, with a 5-year return on investment (ROI) of 15%.
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Merger and Ownership
Synnex completed a merger with Tech Data on September 1, 2021, creating a new company called TD Synnex with $59.8 billion in revenue, making it the largest IT distributor.
Through the merger, TD Synnex surpassed Ingram Micro, and Rich Hume, the former Tech Data CEO, took the lead.
Former Synnex shareholders owned 55% of TD Synnex, while Apollo Global Management, the previous owner of Tech Data, owned 45%.
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Tech Data Merger
The Tech Data Merger was a significant event in the industry. On September 1, 2021, Synnex completed a merger with Tech Data.
This merger created a new company called TD Synnex, which has a massive revenue of $59.8 billion.
The combined company surpassed Ingram Micro, becoming the largest IT distributor in the process.
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Ownership
Ownership is a crucial aspect of any merger. At closing, former Synnex shareholders owned 55% of TD Synnex. This significant stake gives them a substantial say in the company's direction and decision-making process.
Apollo Global Management, the previous owner of Tech Data, owned 45% of TD Synnex, a notable minority stake that still carries considerable influence.
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Financial Performance
Synnex's financial performance is impressive, with a revenue of $15.65 billion in Q3 2025, representing a 6.6% year-over-year (YOY) change.
Their gross profit reached $1.03 billion in Q3 2025, a significant increase of 19.1% from the previous year. This is a testament to the company's ability to manage costs and maintain a healthy profit margin.
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The company's market capitalization stands at $12.21 billion, a 17.7% increase from the previous year. This growth in market value is a reflection of the company's strong financial performance and potential for future growth.
Here's a breakdown of Synnex's key financial metrics in Q3 2025:
Synnex's strong financial performance is a significant factor in its position as the largest IT distributor, with a combined revenue of $59.8 billion after the merger with Tech Data.
Revenue
Revenue is a crucial aspect of any company's financial performance. In Q3 2025, the revenue of a company reached $15.65 billion, a 6.6% increase from the previous year.
This significant growth is a testament to the company's expanding operations and increasing market share. The combined revenue of TD Synnex, a leading IT distributor, was $59.8 billion, making it the largest IT distributor surpassing Ingram Micro's 2020 revenue of $49.1 billion.
Breaking down the revenue, we can see that the company's gross profit was $1.03 billion, a 19.1% increase from the previous year. This indicates a significant improvement in the company's pricing strategy or operational efficiency.
Here's a summary of the company's revenue performance in Q3 2025:
Return vs S&P
Let's take a closer look at the return on investment (ROI) of SYNNEX compared to the S&P.
SYNNEX has consistently outperformed the S&P over the past five years, with a 120.88% return compared to the S&P's 93.32%.
Looking at the numbers, it's clear that SYNNEX has been a strong performer.
Here's a comparison of the 5-year returns:
The difference in returns is significant, with SYNNEX outperforming the S&P by 27.56%.
Financial Health
Synnex's financial health is a story of growth and stability. Revenue reached $15.65B in Q3 2025, a 6.6% increase year-over-year.
Gross profit is a key indicator of a company's financial health, and Synnex's gross profit of $1.03B in Q3 2025 represents a 19.1% increase from the same period last year.
Synnex's market capitalization is a significant $12.21B, a 17.7% increase from the previous year. This suggests that investors have confidence in the company's future prospects.
Here's a breakdown of Synnex's financial health metrics in Q3 2025:
Synnex's net income of $224.76M in Q3 2025 is a 27.0% increase from the same period last year, indicating a strong bottom line.
Leadership and Valuation
Synnex has a leadership team that's making moves. Ann Vezina serves as the executive chair of the board of directors.
Patrick Zammit was named chief operating officer in November 2023, reporting to CEO Rich Hume. He's set to take over as CEO in September 2024, replacing Rich Hume who will remain on the board of directors.
TD Synnex's valuation metrics are worth a look. Here's a snapshot of their key valuation metrics:
Leadership
Leadership plays a crucial role in determining the success of a company, and TD Synnex is no exception. Ann Vezina serves as the executive chair of the board of directors.
TD Synnex has had a leadership shake-up in recent years. In November 2023, Patrick Zammit was named chief operating officer, reporting directly to CEO Rich Hume.
Patrick Zammit's appointment marked a significant change in the company's leadership structure. He will assume the CEO role effective September 1, 2024, replacing Rich Hume.
Rich Hume will remain on the TD Synnex board of directors, indicating a smooth transition of power.
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Valuation
Valuation is a crucial aspect of leadership, as it helps investors and stakeholders understand a company's worth.
The price-to-earnings ratio, or P/E ratio, can fluctuate significantly over time, as seen in the recent trend of 2.31% year-over-year change.
In Q4 2024, the P/E ratio was 14.95, indicating that investors are willing to pay a certain multiple of the company's earnings.
A high P/E ratio can be a sign of a company's growth potential, but it also means investors are paying a premium for the stock.
Here's a breakdown of the valuation metrics:
A company's total debt can also be an important factor in valuation, as seen in the recent trend of 4.66% year-over-year change.
Frequently Asked Questions
Who is the competitor of SYNNEX?
SYNNEX competitors include Concentrix, Ingram Micro, and ScanSource, offering similar services in the industry. These companies provide alternative solutions for businesses and organizations.
Who is the CEO of SYNNEX?
The CEO of SYNNEX is Patrick Zammit, a seasoned technology executive with notable industry recognitions.
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