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Digi International Inc. (DGII) 10-Year Financial Performance & Capital Metrics

DGII • • Industrial / General
TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms
AboutDigi International Inc. provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States and internationally. The company operates in two segments, IoT Products & Services and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand. The company provides embedded system products under the Digi Connect, ConnectCore, and Rabbit brands; and infrastructure management products, comprising of serial servers, which offers serial port-to-Ethernet integration of devices into wired Ethernet networks; and universal serial bus solutions. In addition, it offers Digi Remote Manager, a recurring revenue cloud-based service that provides a secure environment for customers to manage their connected device deployment; Digi Wireless Design Services; and SmartSense by Digi for monitoring wirelessly the temperature of food and other perishable or sensitive goods, monitor facilities or pharmacies by tracking the completion of operating tasks by employees, as well as quality control and incident management for food service, healthcare, and transportation/logistics industries. Further, the company provides professional services, such as site planning, implementation management, application development, and customer training; data plan subscriptions; and enhanced technical support services. Digi International Inc. was incorporated in 1985 and is headquartered in Hopkins, Minnesota.Show more
  • Revenue $430M +1.5%
  • EBITDA $90M +11.2%
  • Net Income $41M +81.3%
  • EPS (Diluted) 1.08 +77.0%
  • Gross Margin 62.92% +6.8%
  • EBITDA Margin 20.98% +9.6%
  • Operating Margin 13.08% +15.4%
  • Net Margin 9.48% +78.7%
  • ROE 6.71% +67.1%
  • ROIC 5.72% +12.6%
  • Debt/Equity 0.27 +13.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 37.1%
  • ✓FCF machine: 25.1% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.29%
5Y9.03%
3Y3.48%
TTM1.46%

Profit (Net Income) CAGR

10Y20%
5Y37.14%
3Y28.16%
TTM81.31%

EPS CAGR

10Y15.3%
5Y30.99%
3Y25.99%
TTM24100%

ROCE

10Y Avg4.09%
5Y Avg5.66%
3Y Avg6.83%
Latest7.31%

Peer Comparison

IoT Connectivity Platforms
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Sector-Specific
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PIImpinj, Inc.5.46B181.36130.4719.04%-3.45%-6.36%2.04%1.95
INSGInseego Corp.163.7M10.68106.8014.32%-0.12%20.42%
DGIIDigi International Inc.1.61B42.7339.561.46%9.48%6.41%6.72%0.27
BOSCB.O.S. Better Online Solutions Ltd.31.05M5.0212.87-9.57%6.78%12.99%2.5%0.10
ASNSActelis Networks, Inc.3.52M0.44-0.0538.42%-223.94%-254.3%0.45
FIEEFiEE, Inc.21.66M3.44-2.57-97.55%-56.38%-28.64%
MOBMobilicom Ltd94.26M7.88-5.9744.98%-196.92%-312.22%0.06
AIOTPowerFleet, Inc.749.42M5.60-13.02-10.93%-9.17%0.64

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+203M181.63M228.37M254.2M279.27M308.63M388.23M444.85M424.05M430.22M
Revenue Growth %-0.05%-0.11%0.26%0.11%0.1%0.11%0.26%0.15%-0.05%0.01%
Cost of Goods Sold+103.33M94.46M119.48M135.17M135.3M141.97M171.94M192.65M174.14M159.54M
COGS % of Revenue0.51%0.52%0.52%0.53%0.48%0.46%0.44%0.43%0.41%0.37%
Gross Profit+99.68M87.17M108.88M119.03M143.97M166.66M216.29M252.2M249.91M270.68M
Gross Margin %0.49%0.48%0.48%0.47%0.52%0.54%0.56%0.57%0.59%0.63%
Gross Profit Growth %0.02%-0.13%0.25%0.09%0.21%0.16%0.3%0.17%-0.01%0.08%
Operating Expenses+81.83M75.85M106.26M108.96M132.66M156.13M178.07M202.11M201.82M214.39M
OpEx % of Revenue0.4%0.42%0.47%0.43%0.48%0.51%0.46%0.45%0.48%0.5%
Selling, General & Admin50.87M47.29M73.08M71.49M88.9M103.73M129.17M143.46M141.53M150.73M
SG&A % of Revenue0.25%0.26%0.32%0.28%0.32%0.34%0.33%0.32%0.33%0.35%
Research & Development30.95M28.57M33.18M37.56M43.77M46.62M55.1M58.65M60.29M63.66M
R&D % of Revenue0.15%0.16%0.15%0.15%0.16%0.15%0.14%0.13%0.14%0.15%
Other Operating Expenses-669K76K48K-87K-11K5.77M-6.2M000
Operating Income+17.11M13.84M2.32M-3.32M11.32M10.53M38.22M50.09M48.09M56.29M
Operating Margin %0.08%0.08%0.01%-0.01%0.04%0.03%0.1%0.11%0.11%0.13%
Operating Income Growth %1.67%-0.19%-0.83%-2.43%4.4%-0.07%2.63%0.31%-0.04%0.17%
EBITDA+21.72M19.33M15.11M10.07M30.62M31.41M75.79M84.05M81.15M90.27M
EBITDA Margin %0.11%0.11%0.07%0.04%0.11%0.1%0.2%0.19%0.19%0.21%
EBITDA Growth %0.63%-0.11%-0.22%-0.33%2.04%0.03%1.41%0.11%-0.03%0.11%
D&A (Non-Cash Add-back)4.61M5.5M12.78M13.4M19.3M20.88M37.57M33.96M33.06M33.98M
EBIT16.98M9.49M3.27M11.25M11.05M10.38M38.32M50.15M38.27M50.1M
Net Interest Income+254K608K420K631K-3.29M-1.39M-19.69M-25.24M-15.41M0
Interest Income545K656K445K733K304K10K11K000
Interest Expense291K48K25K102K3.59M1.4M19.7M25.24M15.41M0
Other Income/Expense-415K-4.35M468K1.07M-3.85M-1.53M-19.59M-25.18M-25.23M-6.37M
Pretax Income+16.69M9.49M2.79M11.14M7.46M9M18.63M24.92M22.86M49.92M
Pretax Margin %0.08%0.05%0.01%0.04%0.03%0.03%0.05%0.06%0.05%0.12%
Income Tax+3.21M125K1.49M1.19M-948K-1.37M-755K148K353K9.11M
Effective Tax Rate %1%0.99%0.47%0.89%1.13%1.15%1.04%0.99%0.98%0.82%
Net Income+16.71M9.37M1.3M9.96M8.41M10.37M19.38M24.77M22.5M40.8M
Net Margin %0.08%0.05%0.01%0.04%0.03%0.03%0.05%0.06%0.05%0.09%
Net Income Growth %1.54%-0.44%-0.86%6.64%-0.16%0.23%0.87%0.28%-0.09%0.81%
Net Income (Continuing)13.48M9.37M1.63M9.96M8.41M10.37M19.38M24.77M22.5M40.8M
Discontinued Operations3.23M000000000
Minority Interest0000000000
EPS (Diluted)+0.640.350.050.350.280.310.540.670.611.08
EPS Growth %1.46%-0.45%-0.87%6.43%-0.2%0.11%0.74%0.24%-0.09%0.77%
EPS (Basic)0.650.350.050.360.290.320.550.690.621.10
Diluted Shares Outstanding26.31M27.1M27.65M28.55M29.55M33.39M35.99M36.87M36.98M37.74M
Basic Shares Outstanding25.76M26.43M27.08M27.91M28.85M32.11M35.03M35.82M36.32M36.96M
Dividend Payout Ratio----------

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+195.65M174.36M157.82M192.55M170.06M246.66M166.21M166.2M154.45M130.7M
Cash & Short-Term Investments134.11M110.24M62.75M92.79M54.13M152.43M34.9M31.69M27.51M21.9M
Cash Only75.73M78.22M58.01M92.79M54.13M152.43M34.9M31.69M27.51M21.9M
Short-Term Investments58.38M32.02M4.74M0000000
Accounts Receivable31.68M30.85M49.82M56.42M59.23M43.74M50.45M56M69.64M63.45M
Days Sales Outstanding56.966279.6381.0177.4151.7347.4345.9559.9453.83
Inventory26.28M30.24M41.64M39.76M51.57M43.92M73.22M74.4M53.36M38.91M
Days Inventory Outstanding92.82116.84127.22107.38139.12112.92155.44140.96111.8489.02
Other Current Assets3.58M3.03M7.83M3.57M5.13M6.57M7.63M4.11M3.94M6.43M
Total Non-Current Assets+140.52M170.83M213.3M206.15M358.62M372.87M687.69M669.33M660.63M791.95M
Property, Plant & Equipment14.04M12.8M6.27M13.86M25.84M27.82M42.89M41.98M45.12M42.45M
Fixed Asset Turnover14.46x14.19x36.42x18.34x10.81x11.10x9.05x10.60x9.40x10.13x
Goodwill109.45M132M154.53M153.42M210.13M225.52M340.48M341.59M342.77M392.87M
Intangible Assets4.04M11.8M39.32M30.67M121.25M118.03M302.06M277.08M252.91M350.69M
Long-Term Investments3.54M4.75M0-205.28M000000
Other Non-Current Assets2.15M269K6.51M206.15M1.01M1.07M2.25M3.79M3.68M804K
Total Assets+336.17M345.19M371.13M398.7M528.68M619.53M853.89M835.53M815.08M922.65M
Asset Turnover0.60x0.53x0.62x0.64x0.53x0.50x0.45x0.53x0.52x0.47x
Asset Growth %0.12%0.03%0.08%0.07%0.33%0.17%0.38%-0.02%-0.02%0.13%
Total Current Liabilities+23.81M17.98M34.98M44.46M61.23M58.94M96.51M85.98M89.34M107.81M
Accounts Payable8.57M6.24M12.91M21.18M28.07M22.59M32.37M17.15M23.76M35.87M
Days Payables Outstanding30.2724.1139.4457.275.7258.0768.7232.4949.882.06
Short-Term Debt00001.97M2.63M15.52M15.52M2.97M3.36M
Deferred Revenue (Current)01000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities13.45M6.07M14.47M9.52M20.97M7.2M25.52M7.14M29.5M27.91M
Current Ratio8.22x9.70x4.51x4.33x2.78x4.18x1.72x1.93x1.73x1.21x
Quick Ratio7.11x8.02x3.32x3.44x1.94x3.44x0.96x1.07x1.13x0.85x
Cash Conversion Cycle119.51154.73167.4131.18140.81106.58134.15154.41121.9860.79
Total Non-Current Liabilities+12.33M8.06M5.87M5.26M95.95M88.07M255.88M209.06M144.7M178.76M
Long-Term Debt000058.98M45.8M222.45M188.05M123.19M167.82M
Capital Lease Obligations000016.19M18.37M16.98M13.99M11.23M0
Deferred Tax Liabilities616K534K334K261K17.17M13.49M9.67M1.81M1.31M164K
Other Non-Current Liabilities11.71M7.53M5.54M5M3.61M10.41M6.78M5.21M8.98M19.61M
Total Liabilities36.14M26.05M40.84M49.72M157.18M147.01M352.38M295.04M234.04M286.57M
Total Debt+000079.67M66.8M258.14M220.91M137.39M171.18M
Net Debt-75.73M-78.22M-58.01M-92.79M25.54M-85.63M223.25M189.22M109.88M149.28M
Debt / Equity----0.21x0.14x0.51x0.41x0.24x0.27x
Debt / EBITDA----2.60x2.13x3.41x2.63x1.69x1.90x
Net Debt / EBITDA-3.49x-4.05x-3.84x-9.21x0.83x-2.73x2.95x2.25x1.35x1.65x
Interest Coverage58.78x288.27x92.88x-32.59x3.15x7.55x1.94x1.99x3.12x-
Total Equity+300.03M319.14M330.28M348.98M371.5M472.52M501.51M540.49M581.03M636.08M
Equity Growth %0.09%0.06%0.03%0.06%0.06%0.27%0.06%0.08%0.08%0.09%
Book Value per Share11.4011.7811.9412.2212.5714.1513.9314.6615.7116.85
Total Shareholders' Equity300.03M319.14M330.28M348.98M371.5M472.52M501.51M540.49M581.03M636.08M
Common Stock325K330K338K346K355K407K420K425K430K436K
Retained Earnings141.11M150.48M151.75M161.92M170.33M180.69M200.07M224.84M247.35M288.15M
Treasury Stock-54.21M-54.53M-54.22M-54.34M-55.11M-56.53M-58.17M-61.51M00
Accumulated OCI-24.69M-22.66M-23.53M-25.52M-23.82M-22.75M-26.05M-27.01M-23.74M-23.79M
Minority Interest0000000000

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+27.09M2.48M-2.78M28.96M34.48M57.72M37.74M36.75M83.09M107.96M
Operating CF Margin %0.13%0.01%-0.01%0.11%0.12%0.19%0.1%0.08%0.2%0.25%
Operating CF Growth %0.92%-0.91%-2.12%11.43%0.19%0.67%-0.35%-0.03%1.26%0.3%
Net Income16.71M9.37M1.3M9.96M8.41M10.37M19.38M24.77M22.5M40.8M
Depreciation & Amortization4.61M5.5M12.27M13.4M19.3M20.88M37.57M33.96M33.62M0
Stock-Based Compensation3.65M4.66M4.85M5.66M7.24M8.13M8.58M13.29M13.16M0
Deferred Taxes1.11M-2.11M-508K-799K-3.36M-4.6M-3.39M-12.74M-11.76M0
Other Non-Cash Items-808K-343K4.3M-849K5M8.19M-6.39M-806K13.88M67.16M
Working Capital Changes1.81M-14.6M-25M1.6M-2.12M14.75M-18.02M-21.72M11.69M0
Change in Receivables-1.19M833K-17M-6.59M5.54M11.47M-114K-5.56M-13.64M0
Change in Inventory3.99M-4.48M-9.19M-1.06M-11.13M5.88M-34.47M-5.06M8.79M0
Change in Payables1.61M-3.54M2.73M8.23M3.21M-5.58M7.28M-15.5M6.45M0
Cash from Investing+-3.78M-3.74M-23.34M5.51M-137M-21.36M-349.53M-4.34M3K-148.33M
Capital Expenditures-2.73M-1.77M-1.84M-9.34M-899K-2.26M-1.97M-4.34M-2.23M0
CapEx % of Revenue0.01%0.01%0.01%0.04%0%0.01%0.01%0.01%0.01%-
Acquisitions----------
Investments----------
Other Investing1.81M28.14M731K10.1M00002.23M-148.33M
Cash from Financing+7.75M3.06M5.83M1.11M63.6M62.24M192.78M-34.5M-89.05M34.62M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing8.3M4M6.58M1.11M478K3.42M-9.1M1.88M1.61M34.62M
Net Change in Cash----------
Free Cash Flow+24.36M702K-4.62M19.63M33.58M55.47M35.77M32.41M80.87M107.96M
FCF Margin %0.12%0%-0.02%0.08%0.12%0.18%0.09%0.07%0.19%0.25%
FCF Growth %1.54%-0.97%-7.58%5.25%0.71%0.65%-0.36%-0.09%1.5%0.34%
FCF per Share0.930.03-0.170.691.141.660.990.882.192.86
FCF Conversion (FCF/Net Income)1.62x0.26x-2.13x2.91x4.10x5.57x1.95x1.48x3.69x2.65x
Interest Paid9K1K10K1K3.01M917K14.21M26.35M14.76M0
Taxes Paid3.03M2.13M1.24M2.05M3.69M3.68M4.33M8.69M7.31M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)5.81%3.03%0.4%2.93%2.33%2.46%3.98%4.75%4.01%6.71%
Return on Invested Capital (ROIC)5.65%4.46%0.68%-0.94%2.6%2.01%5.16%5.17%5.08%5.72%
Gross Margin49.1%47.99%47.68%46.83%51.55%54%55.71%56.69%58.93%62.92%
Net Margin8.23%5.16%0.57%3.92%3.01%3.36%4.99%5.57%5.31%9.48%
Debt / Equity----0.21x0.14x0.51x0.41x0.24x0.27x
Interest Coverage58.78x288.27x92.88x-32.59x3.15x7.55x1.94x1.99x3.12x-
FCF Conversion1.62x0.26x-2.13x2.91x4.10x5.57x1.95x1.48x3.69x2.65x
Revenue Growth-4.63%-10.53%25.73%11.31%9.86%10.51%25.79%14.59%-4.68%1.46%

Revenue by Segment

2016201720182019202020212022202320242025
Product---224.53M248.37M265.81M290.17M331.16M304.54M296.58M
Product Growth----10.62%7.02%9.17%14.13%-8.04%-2.61%
Service---29.67M30.9M42.83M98.06M113.69M119.51M133.64M
Service Growth----4.12%38.61%128.96%15.94%5.12%11.82%
IoT Products and Services--201.51M-------
IoT Products and Services Growth----------
IoT Solutions--26.86M-------
IoT Solutions Growth----------
M2M-174.24M--------
M2M Growth----------
Solutions-7.4M--------
Solutions Growth----------
Network57.31M---------
Network Growth----------
Embedded56.49M---------
Embedded Growth----------
Cellular routers and gateways48.37M---------
Cellular routers and gateways Growth----------
Radio frequency33.92M---------
Radio frequency Growth----------

Revenue by Geography

2016201720182019202020212022202320242025
North America131.46M117.75M163.4M184.02M213.49M227.92M302.41M323.71M302.49M341.9M
North America Growth--10.43%38.77%12.62%16.01%6.76%32.68%7.05%-6.56%13.03%
EMEA44.93M39.4M39.21M39.9M40.08M46.02M53.61M69.98M64.89M62.89M
EMEA Growth--12.31%-0.49%1.75%0.45%14.84%16.49%30.53%-7.27%-3.09%
Asia Pacific20.39M19.89M20.88M-------
Asia Pacific Growth--2.44%4.97%-------
Latin America6.23M4.59M4.88M-------
Latin America Growth--26.28%6.25%-------

Frequently Asked Questions

Valuation & Price

Digi International Inc. (DGII) has a price-to-earnings (P/E) ratio of 39.6x. This suggests investors expect higher future growth.

Growth & Financials

Digi International Inc. (DGII) reported $430.2M in revenue for fiscal year 2025. This represents a 126% increase from $190.6M in 2012.

Digi International Inc. (DGII) grew revenue by 1.5% over the past year. Growth has been modest.

Yes, Digi International Inc. (DGII) is profitable, generating $40.8M in net income for fiscal year 2025 (9.5% net margin).

Dividend & Returns

Digi International Inc. (DGII) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

Digi International Inc. (DGII) generated $108.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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