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Maker of cellular routers, gateways and embedded modules that connect industrial and IoT devices, plus device-management software.
Maker of cellular routers, gateways and embedded modules that connect industrial and IoT devices, plus device-management software.
Sells hardware, usually through distributors and resellers, and earns recurring fees from subscription software for managing devices and from managed network services. Those recurring streams have been built partly through acquisitions such as Ventus in 2021.
Moat: narrow (switching costs, installed base). Devices are designed-in with Digi hardware/software for years, but the field has several capable rivals.
Headquarters: Hopkins, Minnesota · Founded: 1985 · Employees: 913
Size Digi International (DGII) is a United States Information Technology company (Telecommunications Equipment) with a market value of $2.40B, the 1684th largest of 3,117 United States companies the cockpit tracks. Shares closed at $63.21 on 6 Nov 2026.
Performance Over six months the shares fell 3.9%, against -29.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 20.3% over the last twelve months (peer median +5.6%); the operating margin is 15.1% (peer median 1.3%).
Valuation It trades at 20.6× forward earnings against a peer median of 23.0× (6th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.9 points below its cost of capital (9.7% WACC).
Backlog Backlog (remaining performance obligations) was $240M at 30 Jun 2026, up 51% on a year earlier — 0.5 years of trailing revenue. Backlog detail →
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $506M | $430M | $424M | $445M | $388M |
| Revenue growth | — | +1% | -5% | +15% | — |
| Gross profit | $312M | $252M | $229M | $231M | $194M |
| EBITDA | $118M | $93.3M | $87.2M | $82.1M | $70.5M |
| Net income | $48.7M | $40.8M | $22.5M | $24.8M | $19.4M |
| Free cash flow | $136M | $105M | $80.9M | $32.4M | $35.8M |
| Capital expenditure | $2.44M | $2.63M | $2.23M | $4.34M | $1.97M |
| Total debt | $118M | $171M | $137M | $221M | $258M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Digi International DGII | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% |
| Semtech SMTC | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% |
| CAMP4 Therapeutics CAMP | n/a | -9% | n/a | n/a | n/a | n/a |
| Lantronix LTRX | n/a | -16% | n/a | n/a | n/a | n/a |
| Advantech 2395.TW | $14.5B | +39% | +40% | 19% | 22.5× | 9.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DGII | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -7.8% | 8th lowest of 21 |
| 6-month return | -3.9% | -29.4% | 5th highest of 20 |
| Distance from 52-week high | -27.2% | -53.0% | 5th highest of 21 |
| Revenue growth (TTM) | +20.3% | +5.6% | 8th highest of 21 |
| Operating margin | 15.1% | 1.3% | 2nd highest of 21 |
| Forward P/E | 20.6× | 23.0× | 6th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 20.5% | 18.5% | 2nd most demanding of 6 |
| Growth delivered (Del g) | +9.0% | +12.0% | 3rd lowest of 6 |
| Hurdle (Req g minus delivered) | +11.5 pp | +7.9 pp | 2nd most demanding of 6 |
| ROIC minus cost of capital | -1.9 pp | -3.7 pp | 7th highest of 21 |
| EV / EBITDA | 21.0× | 22.3× | 2nd cheapest of 4 |
| Net debt / EBITDA | 0.8× | -1.5× | 2nd most indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| Shanghai Longcheer Technology 603341.SS | China | $2.12B | +2% | +1% | 0% | 29.8× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 20.3× | n/a | n/a |
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 49.5× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 13.9× | 23.1% | +13.1% |
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 16.3× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | n/a | n/a | n/a |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |
Digi International reported $240M of remaining performance obligations at 30 Jun 2026, up 51% from a year earlier and up 2% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.