Ingram Micro Holding Corp
INGM NYSE Wholesale-Computers & Peripheral Equipment & Software Financials FY2022–FY2025
Revenue
Total sales reported in the income statement.
$52.6B
9.5%
vs prior year
Operating margin
Operating income as a share of revenue.
1.7%
0.0 pts
Net income
Profit after all expenses, interest and tax.
$328M
24.1%
Free cash flow
Cash from operations minus capital spending.
$785M
310.9%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
9.4%
1.1 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $1.84 EPS (TTM)
What Ingram Micro Holding Corp does
No business description yet.
- Legal name
- Ingram Micro Holding Corp
- Fiscal year ends
- December 27, 2025
- Latest annual report
- 10-K · Mar 3, 2026
- Accession · CIK
- 0001628280-26-013588
0001897762
Revenue and margins
Ingram Micro Holding Corp had $52.6B of revenue in fiscal 2025, up 9.5% on the year before.
FY22
Revenue $50.8B
FY23
Revenue $48.0B
FY24
Revenue $48.0B
FY25
Revenue $52.6B
Q3 '23
Revenue $11.9B
Q4 '23
Revenue $13.0B
Q1 '24
Revenue $11.3B
Q2 '24
Revenue $11.5B
Q3 '24
Revenue $11.8B
Q4 '24
Revenue $13.3B
Q1 '25
Revenue $12.3B
Q2 '25
Revenue $12.8B
Q3 '25
Revenue $12.6B
Q4 '25
Revenue $14.9B
Q1 '26
Revenue $14.0B
Q2 '26
Revenue $14.5B
FY22
Gross 7.3%
Operating 6.4%
Net 4.7%
FCF −1.0%
FY23
Gross 7.4%
Operating 2.0%
Net 0.7%
FCF −0.3%
FY24
Gross 7.2%
Operating 1.7%
Net 0.6%
FCF 0.4%
FY25
Gross 6.7%
Operating 1.7%
Net 0.6%
FCF 1.5%
Gross
Operating
Net
FCF
Q3 '23
Gross 7.2%
Operating 1.8%
Net 0.7%
FCF —
Q4 '23
Gross 7.5%
Operating 2.5%
Net 1.0%
FCF −0.3%
Q1 '24
Gross 7.4%
Operating 1.5%
Net 0.4%
FCF −1.2%
Q2 '24
Gross 7.2%
Operating 1.6%
Net 0.5%
FCF 3.2%
Q3 '24
Gross 7.2%
Operating 1.9%
Net 0.7%
FCF −2.7%
Q4 '24
Gross 7.0%
Operating 1.9%
Net 0.6%
FCF 2.1%
Q1 '25
Gross 6.7%
Operating 1.6%
Net 0.6%
FCF −1.9%
Q2 '25
Gross 6.6%
Operating 1.1%
Net 0.3%
FCF −2.6%
Q3 '25
Gross 6.9%
Operating 1.8%
Net 0.8%
FCF −1.4%
Q4 '25
Gross 6.5%
Operating 2.1%
Net 0.8%
FCF 10.2%
Q1 '26
Gross 6.6%
Operating 1.6%
Net 0.7%
FCF −7.3%
Q2 '26
Gross 6.6%
Operating 1.6%
Net 0.8%
FCF −3.9%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2022 to 2025, diluted EPS grew −49.5% a year. Loss periods are shown in red.
FY22
Net income $2.4B
FY23
Net income $353M
FY24
Net income $264M
FY25
Net income $328M
Q3 '23
Net income $86.8M
Q4 '23
Net income $137M
Q1 '24
Net income $49.6M
Q2 '24
Net income $54.6M
Q3 '24
Net income $77.0M
Q4 '24
Net income $83.1M
Q1 '25
Net income $69.2M
Q2 '25
Net income $37.8M
Q3 '25
Net income $99.5M
Q4 '25
Net income $121M
Q1 '26
Net income $98.9M
Q2 '26
Net income $111M
FY22
Diluted EPS $10.77
FY23
Diluted EPS $1.59
FY24
Diluted EPS $1.18
FY25
Diluted EPS $1.39
Q3 '23
Diluted EPS $0.39
Q4 '23
Diluted EPS $0.61
Q1 '24
Diluted EPS $0.22
Q2 '24
Diluted EPS $0.25
Q3 '24
Diluted EPS $0.35
Q4 '24
Diluted EPS $0.36
Q1 '25
Diluted EPS $0.29
Q2 '25
Diluted EPS $0.16
Q3 '25
Diluted EPS $0.42
Q4 '25
Diluted EPS $0.52
Q1 '26
Diluted EPS $0.42
Q2 '26
Diluted EPS $0.48
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY22
Return on capital —
Return on equity 78.3%
Return on assets —
FY23
Return on capital 9.4%
Return on equity 10.7%
Return on assets 1.9%
FY24
Return on capital 8.4%
Return on equity 7.3%
Return on assets 1.4%
FY25
Return on capital 9.4%
Return on equity 8.2%
Return on assets 1.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $785M in fiscal 2025, 1.5% of revenue. Cash from operations minus capital spending.
FY22
Free cash flow −$497M
FY23
Free cash flow −$143M
FY24
Free cash flow $191M
FY25
Free cash flow $785M
Q3 '23
Free cash flow —
Q4 '23
Free cash flow −$37.5M
Q1 '24
Free cash flow −$136M
Q2 '24
Free cash flow $368M
Q3 '24
Free cash flow −$315M
Q4 '24
Free cash flow $274M
Q1 '25
Free cash flow −$230M
Q2 '25
Free cash flow −$333M
Q3 '25
Free cash flow −$175M
Q4 '25
Free cash flow $1.5B
Q1 '26
Free cash flow −$1.0B
Q2 '26
Free cash flow −$566M
FY22
Cash from operations −$361M
Capital spending $136M
FY23
Cash from operations $58.8M
Capital spending $202M
FY24
Cash from operations $334M
Capital spending $143M
FY25
Cash from operations $916M
Capital spending $131M
Cash from operations
Capital spending
Q3 '23
Cash from operations —
Capital spending —
Q4 '23
Cash from operations −$0.9M
Capital spending $36.5M
Q1 '24
Cash from operations −$100M
Capital spending $35.6M
Q2 '24
Cash from operations $401M
Capital spending $33.1M
Q3 '24
Cash from operations −$277M
Capital spending $38.0M
Q4 '24
Cash from operations $310M
Capital spending $36.1M
Q1 '25
Cash from operations −$200M
Capital spending $29.7M
Q2 '25
Cash from operations −$298M
Capital spending $35.2M
Q3 '25
Cash from operations −$146M
Capital spending $29.0M
Q4 '25
Cash from operations $1.6B
Capital spending $36.8M
Q1 '26
Cash from operations −$978M
Capital spending $36.3M
Q2 '26
Cash from operations −$533M
Capital spending $32.9M
Cash from operations
Capital spending
Dividends, buybacks and share count
Ingram Micro Holding Corp returned $78.4M to shareholders in fiscal 2025, 10% of free cash flow. The diluted share count rose 4.7%.
FY22
Dividends $1.8B
Buybacks —
FY23
Dividends $10.5M
Buybacks —
FY24
Dividends $6.2M
Buybacks —
FY25
Dividends $78.4M
Buybacks —
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks —
Q4 '23
Dividends $0.0M
Buybacks —
Q1 '24
Dividends $0.0M
Buybacks —
Q2 '24
Dividends $6.2M
Buybacks —
Q3 '24
Dividends $0.0M
Buybacks —
Q4 '24
Dividends $0.0M
Buybacks —
Q1 '25
Dividends $17.4M
Buybacks $0.0M
Q2 '25
Dividends $23.5M
Buybacks $0.0M
Q3 '25
Dividends $18.3M
Buybacks —
Q4 '25
Dividends $19.2M
Buybacks —
Q1 '26
Dividends $19.0M
Buybacks $75.0M
Q2 '26
Dividends $19.4M
Buybacks $30.0M
Dividends
Buybacks
FY22
Diluted shares 0.22B
FY23
Diluted shares 0.22B
FY24
Diluted shares 0.22B
FY25
Diluted shares 0.24B
Balance sheet
Cash, debt and the ratios that show how comfortably Ingram Micro Holding Corp can carry it.
FY22
Cash $1.3B
Debt —
FY23
Cash $948M
Debt $4.2B
FY24
Cash $918M
Debt $3.5B
FY25
Cash $1.9B
Debt $3.6B
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $948M | $918M | $1.9B |
| Debt incl. finance leases | — | $4.2B | $3.5B | $3.6B |
| Net debt / EBITDA | — | 2.9x | 2.6x | 1.7x |
| Debt / equity | — | 1.2x | 0.9x | 0.9x |
| Interest coverage | 10.1x | 2.5x | 2.4x | 2.9x |
| Current ratio | — | 1.4x | 1.4x | 1.3x |
| Quick ratio | — | 1.0x | 1.0x | 1.0x |
| Total assets | — | $18.4B | $18.8B | $21.2B |
| Total liabilities | — | $14.9B | $15.0B | $17.0B |
| Shareholders' equity | $3.1B | $3.5B | $3.7B | $4.2B |
| Net debt (− = net cash) | — | $3.2B | $2.6B | $1.8B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✕ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✕ | ✓ |
| Cash from operations exceeds net income | ✕ | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✓ | ✓ |
| Current ratio rose | — | — | ✕ | ✕ |
| Share count didn't rise | — | ✓ | ✕ | ✕ |
| Gross margin rose | — | ✓ | ✕ | ✕ |
| Revenue rose relative to assets | — | — | ✕ | ✕ |
| F-score | — / 3 | — / 5 | 4 / 9 | 5 / 9 |
| Accruals ratio | — | 1.6% | −0.4% | −2.9% |
| Altman Z'' | — | 2.45 | 2.36 | 2.19 |
4 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $50.8B | $48.0B | $48.0B | $52.6B |
| Gross profit | $3.7B | $3.5B | $3.4B | $3.5B |
| Operating income | $3.2B | $944M | $818M | $877M |
| Interest expense | $320M | $380M | $338M | $303M |
| Pretax income | $2.8B | $523M | $446M | $531M |
| Income tax | $420M | $170M | $182M | $203M |
| Net income | $2.4B | $353M | $264M | $328M |
| Diluted EPS | $10.77 | $1.59 | $1.18 | $1.39 |
| Diluted shares | 0.22B | 0.22B | 0.22B | 0.24B |
| Cash flow | ||||
| Cash from operations | −$361M | $58.8M | $334M | $916M |
| Capital expenditure | $136M | $202M | $143M | $131M |
| Free cash flow | −$497M | −$143M | $191M | $785M |
| Depreciation and amortization | $197M | $184M | $189M | $197M |
| Stock-based compensation | $0.0M | $0.0M | $34.1M | $21.1M |
| Dividends paid | $1.8B | $10.5M | $6.2M | $78.4M |
| Dividends and buybacks | $1.8B | $10.5M | $6.2M | $78.4M |
| Balance sheet | ||||
| Cash and short-term investments | $1.3B | $948M | $918M | $1.9B |
| Total debt | — | $4.2B | $3.5B | $3.6B |
| Current assets | — | $15.4B | $15.8B | $18.2B |
| Current liabilities | — | $10.7B | $11.3B | $13.7B |
| Inventory | — | $4.7B | $4.7B | $5.0B |
| Property and equipment, net | — | $453M | $483M | $532M |
| Goodwill | $845M | $852M | $834M | $855M |
| Intangible assets | — | $880M | $773M | $712M |
| Total assets | — | $18.4B | $18.8B | $21.2B |
| Total liabilities | — | $14.9B | $15.0B | $17.0B |
| Shareholders' equity | $3.1B | $3.5B | $3.7B | $4.2B |
| Margins | ||||
| Gross margin | 7.3% | 7.4% | 7.2% | 6.7% |
| Operating margin | 6.4% | 2.0% | 1.7% | 1.7% |
| EBITDA margin | 6.8% | 2.3% | 2.1% | 2.0% |
| Net margin | 4.7% | 0.7% | 0.6% | 0.6% |
| FCF margin | −1.0% | −0.3% | 0.4% | 1.5% |
| Returns | ||||
| Return on capital | — | 9.4% | 8.4% | 9.4% |
| Return on capital employed | — | 12.2% | 10.9% | 11.6% |
| Return on equity | 78.3% | 10.7% | 7.3% | 8.2% |
| Return on assets | — | 1.9% | 1.4% | 1.6% |
| Return on tangible equity | 108.2% | 19.9% | 12.4% | 12.2% |
| Growth | ||||
| Revenue growth | — | −5.5% | −0.1% | 9.5% |
| Net income growth | — | −85.3% | −25.1% | 24.1% |
| EPS growth | — | −85.2% | −25.8% | 17.8% |
| FCF growth | — | — | — | 310.9% |
| Share count change | — | 0.0% | 1.0% | 4.7% |
| Financial health | ||||
| Net debt / EBITDA | — | 2.9x | 2.6x | 1.7x |
| Debt / equity | — | 1.2x | 0.9x | 0.9x |
| Interest coverage | 10.1x | 2.5x | 2.4x | 2.9x |
| Current ratio | — | 1.4x | 1.4x | 1.3x |
| Quick ratio | — | 1.0x | 1.0x | 1.0x |
| Capital allocation | ||||
| Capex / revenue | 0.3% | 0.4% | 0.3% | 0.2% |
| Stock comp / revenue | 0.0% | 0.0% | 0.1% | 0.0% |
| Payouts / FCF | — | — | 3.2% | 10.0% |
| Quality scores | ||||
| Piotroski F-score | — | — | 4.0 | 5.0 |
| Altman Z'' | — | 2.5 | 2.4 | 2.2 |
| Accruals ratio | — | 1.6% | −0.4% | −2.9% |
Source: SEC EDGAR XBRL filings (CIK 0001897762). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.