Ingram Micro Holding Corporation (INGM) 10-Year Financial Performance & Capital Metrics

INGM • • Industrial / General

TechnologyIT ServicesData Center & Cloud InfrastructureCloud Infrastructure Services

AboutIngram Micro Holding Corporation, through its subsidiaries, engages in the provision of technology services and solutions to vendor, reseller, and retailer partners in North America, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and internationally. The company provides Ingram Micro Cloud Marketplace service portfolio that consists of third-party cloud-based services or subscription offerings through its Ingram Micro Xvantage platform, as well as offers training, ITAD, reverse logistics, repair and other related solutions, and financial solutions. It also provides client and endpoint solutions, including desktop personal computers, notebooks, tablets, printers, application software, peripherals, accessories, and Ingram Micro branded solutions, as well as components comprising hard drives, motherboards, video cards, etc. for corporate and individual end users. In addition, the company offers enterprise grade hardware and software products, such as servers, storage, networking, infrastructure hardware and software, and hybrid and software-defined solutions, as well as cybersecurity, power and cooling, and virtualization solutions; and DC/POS, physical security, audio visual and digital signage, UCC and telephony, smart office/home automation, and artificial intelligence products. Further, it provides third-party cloud-based services and subscriptions, including business applications, security, communications and collaboration, cloud enablement solutions, and infrastructure-as-a-service solutions; and operates CloudBlue digital commerce platform that offers multi-channel and multi-tier catalog management, subscription management, billing, and orchestration solutions through a SaaS model. The company was founded in 1979 and is headquartered in Irvine, California.Show more

Revenue $47.98B -0.1%
EBITDA $1.14B -8.2%
Net Income $264M -25.1%
EPS (Diluted) 1.18 -21.3%
Gross Margin 7.18% -2.8%
EBITDA Margin 2.37% -8.0%
Operating Margin 1.7% -13.3%
Net Margin 0.55% -25.0%
ROE 7.3% -32.1%
ROIC 9.03% -14.1%
Debt/Equity 1.02 -18.5%
Interest Coverage 2.42 -2.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 33.8%
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 4.3% through buybacks
✓Trading at only 1.3x book value
✓Efficient asset utilization: 2.6x turnover

✗Weaknesses

✗Profits declining 12.1% over 5 years
✗Thin 5Y average net margin of 1.6%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.32%

5Y0.33%

3Y-4.13%

TTM7.06%

Profit (Net Income) CAGR

10Y-0.09%

5Y-12.1%

3Y-17.77%

TTM-8.83%

EPS CAGR

10Y138.28%

5Y-11.22%

3Y-16.41%

TTM-9.63%

ROCE

10Y Avg13.09%

5Y Avg18.07%

3Y Avg21.52%

Latest10.74%

Peer Comparison

Cloud Infrastructure Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WYFIWhiteFiber, Inc. Ordinary Shares	705.51M	18.44	509.39		-16.97%	-1.78%		0.08
DTSTData Storage Corporation	32.47M	4.33	60.81	1.65%	81.53%	41.66%		0.03
INGMIngram Micro Holding Corporation	5.01B	21.30	18.05	-0.12%	0.57%	7.06%	3.82%	1.02
GLEGlobal Engine Group Holding Limited Ordinary Shares	5.29M	0.39	2.76	10.67%	1.41%	0.96%	0.03%
CHOWChowChow Cloud International Ho	25.17M	0.72	2.11	28.62%	6.53%	148.84%	26.71%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	43.03B	41.93B	46.67B	50.44B	47.2B	49.12B	54.46B	50.82B	48.04B	47.98B
Revenue Growth %	-0.07%	-0.03%	0.11%	0.08%	-0.06%	0.04%	0.11%	-0.07%	-0.05%	-0%
Cost of Goods Sold+	40.31B	39.07B	43.73B	47.26B	43.85B	45.51B	50.35B	47.13B	44.49B	44.54B
COGS % of Revenue	0.94%	0.93%	0.94%	0.94%	0.93%	0.93%	0.92%	0.93%	0.93%	0.93%
Gross Profit+	2.71B	2.86B	2.95B	3.18B	3.35B	3.61B	4.11B	3.69B	3.55B	3.44B
Gross Margin %	0.06%	0.07%	0.06%	0.06%	0.07%	0.07%	0.08%	0.07%	0.07%	0.07%
Gross Profit Growth %	0.02%	0.05%	0.03%	0.08%	0.05%	0.08%	0.14%	-0.1%	-0.04%	-0.03%
Operating Expenses+	2.3B	2.58B	2.54B	2.63B	2.65B	2.72B	3.26B	444.46M	2.6B	2.63B
OpEx % of Revenue	0.05%	0.06%	0.05%	0.05%	0.06%	0.06%	0.06%	0.01%	0.05%	0.05%
Selling, General & Admin	2.03B	2.26B	2.34B	2.49B	2.65B	2.72B	3.14B	2.72B	2.58B	2.59B
SG&A % of Revenue	0.05%	0.05%	0.05%	0.05%	0.06%	0.06%	0.06%	0.05%	0.05%	0.05%
Research & Development	121M	0	0	0	0	0	0	0	0	0
R&D % of Revenue	0%	-	-	-	-	-	-	-	-	-
Other Operating Expenses	147.18M	322.52M	199.1M	138.52M	0	0	118.71M	-2.27B	18.8M	38.35M
Operating Income+	415.32M	277.74M	408.66M	550.59M	697.77M	890.32M	849.26M	3.25B	944.35M	817.92M
Operating Margin %	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.06%	0.02%	0.02%
Operating Income Growth %	-0.15%	-0.33%	0.47%	0.35%	0.27%	0.28%	-0.05%	2.83%	-0.71%	-0.13%
EBITDA+	568.46M	481.45M	611.59M	759.57M	892.5M	1.24B	1.09B	3.55B	1.24B	1.14B
EBITDA Margin %	0.01%	0.01%	0.01%	0.02%	0.02%	0.03%	0.02%	0.07%	0.03%	0.02%
EBITDA Growth %	-0.1%	-0.15%	0.27%	0.24%	0.18%	0.38%	-0.12%	2.27%	-0.65%	-0.08%
D&A (Non-Cash Add-back)	153.14M	203.71M	202.93M	208.98M	194.73M	345.64M	237.03M	298.37M	292.79M	318.27M
EBIT	616.62M	501.76M	516.6M	596.54M	697.77M	924.36M	967.97M	3.13B	902.69M	784.22M
Net Interest Income+	-78.74M	-72.35M	-85.6M	-86.76M	-95.54M	-63.92M	-294.59M	-297.32M	-345.21M	-293.02M
Interest Income	0	0	0	0	11.95M	22.77M	18.05M	22.91M	34.98M	45.34M
Interest Expense	78.74M	72.35M	85.6M	86.76M	107.49M	86.69M	312.64M	320.23M	380.19M	338.36M
Other Income/Expense	-118.89M	-107.03M	-87.57M	-99.72M	-92.44M	-52.66M	-227.55M	-434.39M	-421.85M	-372.06M
Pretax Income+	296.43M	170.71M	321.09M	450.87M	605.33M	837.67M	621.71M	2.81B	522.5M	445.87M
Pretax Margin %	0.01%	0%	0.01%	0.01%	0.01%	0.02%	0.01%	0.06%	0.01%	0.01%
Income Tax+	81.32M	70.28M	122.14M	98.68M	101.71M	197.19M	146.5M	420.05M	169.79M	181.64M
Effective Tax Rate %	0.73%	0.59%	0.62%	0.78%	0.83%	0.76%	0.76%	0.85%	0.68%	0.59%
Net Income+	215.1M	100.43M	198.96M	352.19M	503.62M	640.47M	475.21M	2.39B	352.71M	264.22M
Net Margin %	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.05%	0.01%	0.01%
Net Income Growth %	-0.19%	-0.53%	0.98%	0.77%	0.43%	0.27%	-0.26%	4.04%	-0.85%	-0.25%
Net Income (Continuing)	215.1M	100.43M	198.96M	352.19M	503.62M	640.47M	475.21M	2.39B	352.71M	264.22M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	10.05M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.00	0.00	0.00	0.00	2.14	2.73	2.02	10.20	1.50	1.18
EPS Growth %	-	-	-	-	-	0.28%	-0.26%	4.05%	-0.85%	-0.21%
EPS (Basic)	0.00	0.00	0.00	0.00	2.14	2.73	2.02	10.20	1.50	1.18
Diluted Shares Outstanding	1.31T	0	0	0	234.83M	234.83M	221.5M	234.83M	234.83M	224.72M
Basic Shares Outstanding	1.29T	0	0	0	234.83M	234.83M	234.83M	234.83M	234.83M	224.65M
Dividend Payout Ratio	0.14%	-	0.53%	0.52%	0.49%	0.56%	0.91%	0.73%	0.03%	0.02%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10.53B	11.81B	13.28B	13.47B	13.46B	15.13B	16.68B	16.17B	15.35B	15.8B
Cash & Short-Term Investments	986.99M	796.16M	549.56M	533.95M	671.82M	1.41B	1.23B	1.32B	948.49M	918.4M
Cash Only	935.27M	796.16M	549.56M	533.95M	671.82M	1.41B	1.23B	1.32B	948.49M	918.4M
Short-Term Investments	51.72M	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.66B	6.35B	7.63B	7.76B	7.9B	8.48B	8.52B	8.78B	8.99B	9.45B
Days Sales Outstanding	48.05	55.32	59.64	56.14	61.13	63.03	57.11	63.08	68.29	71.87
Inventory	3.46B	3.9B	4.47B	4.51B	4.19B	4.65B	5.29B	5.36B	4.66B	4.7B
Days Inventory Outstanding	31.3	36.46	37.33	34.83	34.9	37.26	38.33	41.49	38.23	38.51
Other Current Assets	424.09M	756.17M	633.11M	669.04M	688.63M	587.51M	1.64B	713.63M	757.4M	734.94M
Total Non-Current Assets+	1.78B	1.91B	2.09B	1.99B	2.02B	2.61B	3.12B	2.91B	3.07B	2.98B
Property, Plant & Equipment	381.41M	381.88M	417.44M	421.01M	455.44M	994.72M	733.64M	722.1M	883.32M	895.16M
Fixed Asset Turnover	112.81x	109.80x	111.81x	119.80x	103.63x	49.38x	74.23x	70.38x	54.39x	53.60x
Goodwill	843M	904.92M	990.37M	938.41M	946.95M	975.38M	864.86M	844.74M	851.78M	833.66M
Intangible Assets	374.67M	445.65M	385.15M	316.6M	253.18M	210.21M	1.08B	957.47M	880.43M	772.57M
Long-Term Investments	0	0	0	0	0	0	0	0	177K	93.77M
Other Non-Current Assets	176.32M	176.64M	299.88M	317.32M	360.3M	425.33M	444.71M	388.99M	450.29M	383.35M
Total Assets+	12.31B	13.72B	15.37B	15.46B	15.47B	17.73B	19.8B	19.09B	18.42B	18.78B
Asset Turnover	3.50x	3.06x	3.04x	3.26x	3.05x	2.77x	2.75x	2.66x	2.61x	2.56x
Asset Growth %	-0.04%	0.11%	0.12%	0.01%	0%	0.15%	0.12%	-0.04%	-0.03%	0.02%
Total Current Liabilities+	7.11B	8.59B	8.77B	9.59B	9.3B	11.16B	11.98B	11.31B	10.66B	11.31B
Accounts Payable	6.35B	7.17B	7.76B	8.58B	8.09B	9.69B	9.81B	9.85B	9.23B	10.01B
Days Payables Outstanding	57.52	67.03	64.78	66.26	67.33	77.69	71.13	76.26	75.72	82
Short-Term Debt	134.1M	559.77M	127.51M	175.22M	142.44M	79.03M	179.33M	200.33M	265.72M	184.86M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	16.01M	0	0	0	0	94.91M	407.51M	0	0	5.28M
Current Ratio	1.48x	1.37x	1.51x	1.40x	1.45x	1.36x	1.39x	1.43x	1.44x	1.40x
Quick Ratio	1.00x	0.92x	1.00x	0.93x	1.00x	0.94x	0.95x	0.96x	1.00x	0.98x
Cash Conversion Cycle	21.82	24.75	32.18	24.71	28.7	22.59	24.31	28.31	30.8	28.39
Total Non-Current Liabilities+	1.22B	1.01B	2.28B	1.48B	1.51B	1.56B	5.12B	4.72B	4.25B	3.74B
Long-Term Debt	1.1B	832.46M	1.98B	1.31B	1.34B	931.58M	4.64B	4.17B	3.66B	3.17B
Capital Lease Obligations	0	0	0	0	0	419.56M	240.87M	322.67M	366.14M	369.49M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	124.04M	181.39M	298.9M	163.81M	169.29M	208.09M	237.87M	225.47M	226.87M	201.51M
Total Liabilities	8.33B	9.61B	11.05B	11.07B	10.8B	12.72B	17.1B	16.03B	14.91B	15.05B
Total Debt+	1.23B	1.39B	2.11B	1.49B	1.48B	1.57B	5.16B	4.79B	4.4B	3.82B
Net Debt	296.11M	596.07M	1.56B	954.55M	808.4M	163.44M	3.93B	3.47B	3.45B	2.9B
Debt / Equity	0.31x	0.34x	0.49x	0.34x	0.32x	0.31x	1.91x	1.56x	1.25x	1.02x
Debt / EBITDA	2.17x	2.89x	3.45x	1.96x	1.66x	1.27x	4.75x	1.35x	3.55x	3.36x
Net Debt / EBITDA	0.52x	1.24x	2.55x	1.26x	0.91x	0.13x	3.62x	0.98x	2.79x	2.55x
Interest Coverage	5.27x	3.84x	4.77x	6.35x	6.49x	10.27x	2.72x	10.15x	2.48x	2.42x
Total Equity+	3.98B	4.11B	4.32B	4.4B	4.67B	5.01B	2.69B	3.06B	3.51B	3.73B
Equity Growth %	-0.05%	0.03%	0.05%	0.02%	0.06%	0.07%	-0.46%	0.14%	0.15%	0.06%
Book Value per Share	0.00	-	-	-	19.89	21.34	12.16	13.02	14.93	16.62
Total Shareholders' Equity	3.97B	4.11B	4.32B	4.4B	4.67B	5.01B	2.69B	3.06B	3.51B	3.73B
Common Stock	1.95M	4.11B	4.32B	4.4B	4.67B	0	0	0	0	2.35M
Retained Earnings	3.51B	0	0	0	0	4.41B	96.73M	737.53M	1.08B	1.34B
Treasury Stock	-892.92M	0	0	0	0	0	0	0	0	0
Accumulated OCI	-157.39M	0	0	0	0	-185.23M	-61.3M	-337.46M	-231.49M	-509.71M
Minority Interest	10.05M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.46B	-62.14M	-639.39M	904.76M	561.67M	1.49B	-1.16B	-361.11M	58.82M	333.84M
Operating CF Margin %	0.03%	-0%	-0.01%	0.02%	0.01%	0.03%	-0.02%	-0.01%	0%	0.01%
Operating CF Growth %	3.97%	-1.04%	-9.29%	2.42%	-0.38%	1.65%	-1.78%	0.69%	1.16%	4.68%
Net Income	215.1M	100.43M	198.96M	352.19M	503.62M	640.47M	756.95M	2.39B	352.71M	264.22M
Depreciation & Amortization	153.14M	203.71M	202.93M	208.98M	338.04M	345.64M	356.34M	298.37M	292.79M	318.27M
Stock-Based Compensation	39.89M	27.63M	28.06M	29.64M	0	0	0	0	0	34.07M
Deferred Taxes	0	0	0	0	0	7.84M	5.51M	16.57M	-55.16M	-14.98M
Other Non-Cash Items	91.33M	996.5M	263.46M	1.19B	-323.43M	-20.52M	-148.38M	-2.37B	32.15M	14.77M
Working Capital Changes	956.48M	-1.39B	-1.33B	-880.3M	43.45M	517.74M	-2.13B	-701.8M	-563.66M	-282.51M
Change in Receivables	399.54M	-692.49M	-915.12M	-380.87M	77.54M	-522.28M	1.86B	-590.58M	-299.83M	-1.06B
Change in Inventory	596.49M	-498.71M	-388.55M	-179.75M	349.18M	-376.19M	-418.55M	-210.22M	772.4M	-225.83M
Change in Payables	0	0	0	0	0	1.27B	-2.54B	349.74M	-738.39M	976.17M
Cash from Investing+	-596.04M	-320.8M	-152.55M	-118.07M	-173.4M	-38.22M	-111.88M	3.03B	-17.71M	105.54M
Capital Expenditures	-122.92M	-110.58M	-139.65M	-136.85M	-168.78M	-135.13M	-126.32M	-135.78M	-201.53M	-142.7M
CapEx % of Revenue	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	6.22M	-35.25M	69.85M	22.21M	1.08M	122.08M	43.7M	3.17B	186.77M	248.24M
Cash from Financing+	-577.18M	240.91M	545.98M	-788.47M	-252.43M	-817.53M	1.58B	-2.47B	-477.94M	-391.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-30.18M	0	-105.76M	-182.5M	-248.66M	-359.94M	-430.36M	-1.75B	-10.46M	-6.17M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	19.91M	79.92M	-31.64M	-21M	-2.58M	19.82M	-19.59M	-239.22M	-18.88M	195.69M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.33B	-172.72M	-779.04M	767.91M	392.89M	1.36B	-1.29B	-496.89M	-142.71M	191.14M
FCF Margin %	0.03%	-0%	-0.02%	0.02%	0.01%	0.03%	-0.02%	-0.01%	-0%	0%
FCF Growth %	3.3%	-1.13%	-3.51%	1.99%	-0.49%	2.45%	-1.95%	0.61%	0.71%	2.34%
FCF per Share	0.00	-	-	-	1.67	5.77	-5.81	-2.12	-0.61	0.85
FCF Conversion (FCF/Net Income)	6.77x	-0.62x	-3.21x	2.57x	1.12x	2.33x	-2.44x	-0.15x	0.17x	1.26x
Interest Paid	79.83M	0	0	0	106.68M	73.53M	0	0	378.55M	336.43M
Taxes Paid	0	0	0	0	0	135.59M	0	0	271.54M	252.22M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.27%	2.48%	4.72%	8.08%	11.11%	13.23%	12.33%	83.26%	10.75%	7.3%
Return on Invested Capital (ROIC)	6.75%	4.64%	5.79%	7.35%	9.67%	12.54%	10.8%	37.07%	10.51%	9.03%
Gross Margin	6.3%	6.82%	6.32%	6.3%	7.09%	7.35%	7.55%	7.27%	7.38%	7.18%
Net Margin	0.5%	0.24%	0.43%	0.7%	1.07%	1.3%	0.87%	4.71%	0.73%	0.55%
Debt / Equity	0.31x	0.34x	0.49x	0.34x	0.32x	0.31x	1.91x	1.56x	1.25x	1.02x
Interest Coverage	5.27x	3.84x	4.77x	6.35x	6.49x	10.27x	2.72x	10.15x	2.48x	2.42x
FCF Conversion	6.77x	-0.62x	-3.21x	2.57x	1.12x	2.33x	-2.44x	-0.15x	0.17x	1.26x
Revenue Growth	-7.45%	-2.55%	11.32%	8.06%	-6.42%	4.08%	10.86%	-6.67%	-5.48%	-0.12%

Frequently Asked Questions

Valuation & Price

Ingram Micro Holding Corporation (INGM) has a price-to-earnings (P/E) ratio of 18.1x. This is roughly in line with market averages.

Growth & Financials

Ingram Micro Holding Corporation (INGM) reported $51.02B in revenue for fiscal year 2024. This represents a 20% increase from $42.55B in 2013.

Ingram Micro Holding Corporation (INGM) saw revenue decline by 0.1% over the past year.

Yes, Ingram Micro Holding Corporation (INGM) is profitable, generating $289.6M in net income for fiscal year 2024 (0.6% net margin).

Dividend & Returns

Yes, Ingram Micro Holding Corporation (INGM) pays a dividend with a yield of 0.13%. This makes it attractive for income-focused investors.

Ingram Micro Holding Corporation (INGM) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.

Ingram Micro Holding Corporation (INGM) had negative free cash flow of $464.5M in fiscal year 2024, likely due to heavy capital investments.

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