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One of the world's largest technology distributors, moving hardware, software and cloud services to resellers.
One of the world's largest technology distributors, moving hardware, software and cloud services to resellers.
Buys technology products from makers and resells them to corporate resellers, taking a thin margin, so volume, inventory control and financing terms matter most; it also resells cloud and software subscriptions and runs logistics for vendors. Platinum Equity, a private-equity firm, bought it from China's HNA in 2021 and took it public in 2024 while keeping majority control.
Moat: narrow (scale, distribution, installed base). Global logistics scale and vendor relationships are hard for smaller distributors to replicate.
Headquarters: Irvine, California, US · Founded: 1979 · Employees: 22,200
Size Ingram Micro (INGM) is a United States Information Technology company (Information Technology Services) with a market value of $5.85B, the 1080th largest of 3,117 United States companies the cockpit tracks. Shares closed at $25.45 on 6 Nov 2026.
Performance Over six months the shares fell 6.4%, against +13.3% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +7.9%); the operating margin is 1.9% (peer median 9.1%).
Valuation It trades at 6.8× forward earnings against a peer median of 15.5× (cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +1 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 1.3 points above its cost of capital (10.0% WACC).
Short interest Short interest is 3.2% of the free float (15 Oct 2026).
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $58.6B | $52.6B | $48.0B | $48.0B | $50.8B |
| Revenue growth | — | +10% | 0% | -5% | — |
| Gross profit | $3.85B | $3.50B | $3.44B | $3.55B | $3.69B |
| EBITDA | $1.43B | $1.26B | $1.18B | $1.26B | $1.28B |
| Net income | $462M | $328M | $264M | $353M | $2.39B |
| Free cash flow | $155M | $785M | $191M | -$143M | -$497M |
| Capital expenditure | $146M | $131M | $143M | $202M | $136M |
| Total debt | $4.34B | $3.66B | $3.82B | $4.40B | $4.79B |
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 |
|---|---|---|---|---|---|---|
| Ingram Micro INGM | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% |
| TD SYNNEX SNX | $17.4B | -9% | +24% | 3% | 9.3× | n/a |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
| ScanSource SCSC | $871M | -7% | +6% | 3% | 8.4× | 0.4% |
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 | INGM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.8% | -1.4% | 9th lowest of 21 |
| 6-month return | -6.4% | +13.3% | 7th lowest of 21 |
| Distance from 52-week high | -19.7% | -26.3% | 8th highest of 21 |
| Revenue growth (TTM) | +14.8% | +7.9% | 8th highest of 21 |
| Operating margin | 1.9% | 9.1% | 4th lowest of 21 |
| Forward P/E | 6.8× | 15.5× | cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.9% | 6.9% | 7th least demanding of 18 |
| Growth delivered (Del g) | +1.4% | +7.2% | 3rd lowest of 18 |
| Hurdle (Req g minus delivered) | +1.5 pp | -1.8 pp | 8th most demanding of 18 |
| ROIC minus cost of capital | +1.3 pp | +4.7 pp | 7th lowest of 21 |
| Net debt / EBITDA | 2.3× | 0.3× | 4th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ingram Micro INGM | United States | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% | +1.4% |
| NICE Ltd. Sponsored ADR NICE | United States | $5.87B | +4% | +8% | 17% | 7.8× | -0.7% | +12.3% |
| Box BOX | United States | $5.76B | +63% | +10% | 9% | 26.0× | 20.3% | +8.8% |
| Science Applications International SAIC | United States | $6.13B | +56% | -1% | 8% | 14.3× | -4.6% | +0.6% |
| TISI 3626.T | Japan | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% | +5.9% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| RIOT RIOT | United States | $6.27B | -31% | +6% | -84% | n/a | n/a | n/a |
| Pegasystems PEGA | United States | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% | +11.4% |
| Computacenter CCC.L | United Kingdom | $6.48B | +15% | +54% | 3% | 16.4× | 7.9% | +11.1% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| Temenos TEMN.SW | Switzerland | $6.51B | +10% | +30% | 27% | 21.8× | 8.3% | +1.7% |
| Suzhou Centec Communications 688702.SS | China | $6.58B | -45% | +32% | -18% | 5,922.0× | n/a | n/a |
| Xometry XMTR | United States | $6.63B | +44% | +37% | -2% | 91.0× | n/a | n/a |
| Parsons PSN | United States | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% | +10.2% |
| Viavi Solutions VIAV | United States | $7.00B | -44% | +40% | 11% | 14.0× | 32.7% | +4.8% |
| Bechtle BC8.DE | Germany | $4.72B | +13% | +8% | 5% | 16.8× | 6.9% | +4.9% |
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Softcat SCT.L | United Kingdom | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% | +20.3% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |