MSFT
Microsoft Corporation
MSFT has the edge over SNX overall, supported by stronger valuation and stronger fundamentals.
SNX
TD SYNNEX Corporation
SNX offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
SNX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Stable |
SNX's revenue and profitability are currently healthy, and its balance sheet is stable, but its cash flow is under pressure.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over SNX in the historical PE scenario, which offers more potential upside but is not a forecast.
SNX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $243 | — |
| Cheap | 14x | $223 | -8.2% |
| Current | 15x | $243 | — |
| Fair | 16x | $259 | +6.7% |
| Expensive | 18x | $287 | +18% |
Historical ranges are pointers, not guarantees.
SNX's PE is in its cheap range at 15x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
SNX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for SNX, with profitability holding steady. However, they disagree widely on these estimates.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT's earnings per share have climbed steadily: $19.15 over the past year, up 36% from the year before, and higher year over year for 14 quarters in a row.
SNX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $23.63 | +44% |
| Q3 2026 | $16.39 | +78% |
| Q2 2026 | $13.95 | +63% |
| Q1 2026 | $12.01 | +50% |
| Q4 2025 | $9.95 | +25% |
| Q3 2025 | $9.21 | +19% |
| Q2 2025 | $8.55 | +20% |
| Q1 2025 | $8.00 | +16% |
| Q4 2024 | $7.95 | +19% |
SNX has the edge over MSFT on earnings, with stronger typical year-over-year growth.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over SNX on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over SNX on profitability, with a higher operating margin.
SNX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $21.6B | +38% |
| Q2 2026 | $19.6B | +31% |
| Q1 2026 | $17.2B | +18% |
| Q4 2025 | $17.4B | +9.7% |
| Q3 2025 | $15.7B | +6.6% |
| Q2 2025 | $14.9B | +7.2% |
| Q1 2025 | $14.5B | +4% |
| Q4 2024 | $15.8B | +10% |
SNX's revenue has grown year over year for nine quarters in a row: $21.6B last quarter, up 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3% | +0.5 points |
| Q2 2026 | 2.6% | +0.4 points |
| Q1 2026 | 2.9% | +0.8 points |
| Q4 2025 | 2.3% | +0.2 points |
| Q3 2025 | 2.5% | +0.4 points |
| Q2 2025 | 2.2% | +0.3 points |
| Q1 2025 | 2.1% | -0.1 points |
| Q4 2024 | 2% | +0.1 points |
SNX's operating margin was 3% last quarter, up 0.5 points from the same quarter a year ago.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over SNX on cash generation, producing positive trailing cash flow while its opponent burns cash.
SNX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$975.6M | -556% |
| Q2 2026 | -$332.4M | -161% |
| Q1 2026 | -$929M | -$139.5M |
| Q4 2025 | $1.4B | +177% |
| Q3 2025 | $213.9M | -37% |
| Q2 2025 | $542.9M | +$695.5M |
| Q1 2025 | -$789.5M | -330% |
| Q4 2024 | $512.9M | +205% |
SNX's free cash flow has turned negative after years in the green: −$815M over the past year.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
SNX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -342K shares |
| 1 year | -3% | -2.5M shares |
| 3 years | -15% | -13.5M shares |
| 5 years | +54% | +27.7M shares |
| Available history | -22% | -22.5M shares |
SNX has the edge over MSFT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.3M |
| Q2 2026 | $112.4M |
| Q1 2026 | $79.7M |
| Q4 2025 | $173M |
| Q3 2025 | $173.8M |
| Q2 2025 | $148.8M |
| Q1 2025 | $100.5M |
| Q4 2024 | $102M |
SNX spent $465M buying back its own shares over the past year, down 11% from the year before.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over SNX on leverage, with a lower net debt burden relative to earnings.
SNX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 1.8x | Healthy |
SNX's net debt is about 1.9 years of its operating earnings (EBITDA), about the same as a year ago.
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
SNX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.0 | Neutral |
| Stochastic | 17.1 | Oversold |
SNX's weekly RSI is 50 (neutral) and its Stochastic is 17 (oversold).
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
SNX PE vs Technology Sector
| Metric | SNX | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 28x | 47% below |
| PE % | 30 | 35 | 5 pts below |
SNX has the edge over MSFT on valuation relative to its sector.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over SNX on trend strength, trading above more of its moving averages.
SNX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $250.8 | 3.3% below |
| 20 week MA | $252.9 | 4.1% below |
| 50 week MA | $216.8 | 12% above |
| 100 week MA | $176.2 | 38% above |
| 200 week MA | $141.2 | 72% above |
SNX has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 72% above its 200-week average.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.
SNX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.6 | $82.7 | +28% |
| 2021 | $82.7 | $113.2 | +37% |
| 2022 | $113.2 | $95.2 | -16% |
| 2023 | $95.2 | $107.6 | +13% |
| 2024 | $107.6 | $118.3 | +10% |
| 2025 | $118.3 | $154.9 | +31% |
| 2026 YTD | $154.9 | $242.5 | +57% |
SNX has the edge over MSFT on returns for 2026, with the stronger performance.