Ingram Micro Holding Corp INGM
Ingram Micro is a leading solutions provider by revenue and/or by global footprint for the global information technology ("IT") ecosystem helping power the world's leading technology brands. With our vast infrastructure and focus on client and endpoint solutions, advanced solutions offerings, cloud-based and other solutions, we enable our business partners to scale and operate more efficiently in the markets they serve. We are at the center of the technology ecosystem and deliver customized solutions to our vendor and reseller partners, enabling them to provide excellent business outcomes to the end-user companies and consumers they serve. Through our global reach, our industry-leading business-to-business ("B2B") platform, and our broad portfolio of products, professional services offerings and software, cloud and digital solutions, we remove complexity and maximize the value of the technology products our partners make, sell or use, providing the world more ways to realize the promise of technology. While many commercial markets remain economically volatile around the globe, our business remains well-positioned to benefit from technology megatrends, including cloud migration, enhanced security needs, automation and robotics, artificial intelligence ("AI") and machine learning ("ML") enabling Agentic AI, hyperconnected ecosystems, hybrid work and Internet-of-Things ("IoT"). Our business is organized into four reportable segments based on the different geographic regions in which we operate: North America; Europe, Middle East and Africa ("EMEA"); Asia-Pacific; and Latin America.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $52.56B | $47.98B | $48.04B | $50.82B | — |
| Cost of revenue | $49.05B | $44.54B | $44.49B | $47.13B | — |
| Gross profit | $3.50B | $3.44B | $3.55B | $3.69B | — |
| SG&A | $2.61B | $2.59B | $2.58B | $2.72B | — |
| Total operating expenses | $2.63B | $2.63B | $2.60B | $444.5M | — |
| Operating income | $876.9M | $817.9M | $944.3M | $3.25B | — |
| Interest expense | $302.6M | $338.4M | $380.2M | $320.2M | — |
| Pre-tax income | $530.8M | $445.9M | $522.5M | $2.81B | — |
| Income tax | $202.9M | $181.6M | $169.8M | $420.1M | — |
| Net income | $327.9M | $264.2M | $352.7M | $2.39B | — |
| EPS, basic | 1.40 | 1.18 | 1.59 | 10.77 | — |
| EPS, diluted | 1.39 | 1.18 | 1.59 | 10.77 | — |
| Shares, diluted (wtd. avg.) | $235.4M | $224.7M | $222.4M | $222.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $1.86B | $918.4M | $948.5M | $1.32B | $1.23B |
| Receivables | $10.55B | $9.45B | $8.99B | — | — |
| Inventory | $4.97B | $4.70B | $4.66B | — | — |
| Total current assets | $18.24B | $15.80B | $15.35B | — | — |
| Property, plant and equipment | $531.9M | $482.5M | $452.6M | — | — |
| Goodwill | $854.7M | $833.7M | $851.8M | $844.7M | — |
| Other intangibles | $711.8M | $772.6M | $880.4M | — | — |
| Total assets | $21.24B | $18.78B | $18.42B | — | — |
| Accounts payable | $11.96B | $10.01B | $9.23B | — | — |
| Short-term debt | $449.6M | $184.9M | $265.7M | — | — |
| Total current liabilities | $13.68B | $11.31B | $10.66B | — | — |
| Long-term debt | $2.75B | $3.17B | $3.66B | — | — |
| Total liabilities | $17.00B | $15.05B | $14.91B | — | — |
| Retained earnings | $1.59B | $1.34B | $1.08B | — | — |
| Total equity | $4.25B | $3.73B | $3.51B | $3.06B | $2.69B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $916.1M | $333.8M | $58.8M | -$361.1M | — |
| Depreciation and amortisation | $197.2M | $189.3M | $184.1M | $197.1M | — |
| Stock-based compensation | $21.1M | $34.1M | $0 | $0 | — |
| Capital expenditure | $130.8M | $142.7M | $201.5M | $135.8M | — |
| Investing cash flow | $267.6M | $105.5M | -$17.7M | $3.03B | — |
| Financing cash flow | -$306.2M | -$391.3M | -$477.9M | -$2.47B | — |
| Dividends paid | $78.4M | $6.2M | $10.5M | $1.75B | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-013588.
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