Ingram Micro Holding Corporation

NYSE:INGM Stock Report

Market Cap: US$6.3b

Ingram Micro Holding Balance Sheet Health

Financial Health criteria checks 3/6

Ingram Micro Holding has a total shareholder equity of $4.3B and total debt of $3.8B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are $21.5B and $17.2B respectively. Ingram Micro Holding's EBIT is $1.1B making its interest coverage ratio 4.2. It has cash and short-term investments of $809.0M.

Key information

88.68%

Debt to equity ratio

US$3.80b

Debt

Interest coverage ratio4.2x
CashUS$808.97m
EquityUS$4.28b
Total liabilitiesUS$17.25b
Total assetsUS$21.53b

Recent financial health updates

Recent updates

Narrative Update Aug 21

INGM: Enterprise And GPU Demand Will Support A Stronger Outlook

Ingram Micro Holding's analyst fair value estimate has shifted from $31.31 to $37.00, as analysts factor in stronger recent results, a firmer global IT spending backdrop, and ongoing enterprise and GPU-related demand highlighted in recent Street research price target revisions. Analyst Commentary Recent Street research around Ingram Micro Holding points to a more constructive tone, with several price target increases and rating changes that align with the higher fair value estimate.
Narrative Update Aug 07

INGM: Enterprise Server And AI Infrastructure Demand Will Drive Future Upside Potential

Analysts have nudged the fair value estimate for Ingram Micro Holding higher to $33.17 from $31.85, as recent price target increases to as much as $33 reflect views that stronger Q2 revenue, resilient enterprise server demand and continued GPU distribution interest support a modestly higher valuation multiple despite slightly softer modeled growth and margins. Analyst Commentary Recent research on Ingram Micro Holding points to a more balanced stance, with several firms adjusting price targets higher while still emphasizing execution risks and the need for proof that current demand trends can persist.
Narrative Update Jul 24

INGM: AI Infrastructure Demand And Server Refresh Cycles Will Guide Next Phase

Analysts have raised the fair value estimate for Ingram Micro Holding from $26.00 to $29.00, citing slightly higher projected revenue growth and profit margins, a modestly lower discount rate, and a higher future P/E assumption supported by recent Street price target increases related to resilient enterprise server demand and AI related infrastructure needs. Analyst Commentary Recent Street research on Ingram Micro Holding points to a mix of optimism around enterprise and AI related demand, alongside more cautious commentary about how much of that strength is already reflected in valuation.
Narrative Update Jul 10

INGM: Enterprise Server And AI Infrastructure Demand Will Test Fair Valuation

The analyst price target for Ingram Micro Holding has been raised from $25.42 to $31.85, as analysts incorporate stronger enterprise server and AI-related infrastructure demand, along with continued GPU distribution momentum, into their updated assumptions. Analyst Commentary Recent research on Ingram Micro Holding centers on how resilient enterprise server demand and growing AI-related infrastructure needs may affect the company’s ability to execute and support the higher price targets now in place.
Narrative Update Jun 26

INGM: AI Infrastructure Demand And Fair Value View Will Shape Next Phase

Ingram Micro Holding's fair value estimate has been revised from $21.00 to $26.00 as analysts reflect higher long-term revenue growth assumptions, a modestly lower discount rate, and stronger demand signals in enterprise servers and AI-related infrastructure, highlighted in recent price target increases across the Street. Analyst Commentary Recent Street commentary on Ingram Micro Holding highlights a mix of optimism about enterprise server and AI infrastructure demand alongside pockets of caution around how much of that strength is already reflected in the stock.
Seeking Alpha Jun 02

Ingram Micro: Cheap Enough To Look Past The Margins

Summary Ingram Micro is attractively valued as a low-margin distributor showing better-than-expected growth and operating leverage. Q1 delivered 13.7% net sales growth, strong Cloud and Advanced Solutions momentum, and early Xvantage-driven SG&A efficiency gains. AI infrastructure deals boost revenue but compress gross margins; Xvantage automation and disciplined SG&A are key to incremental earnings leverage. I rate INGM a Buy, citing a steep valuation discount versus peers, ongoing debt reduction, and continued platform-driven growth catalysts. Read the full article on Seeking Alpha
Analysis Article Jan 15

These 4 Measures Indicate That Ingram Micro Holding (NYSE:INGM) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 25

Investors Continue Waiting On Sidelines For Ingram Micro Holding Corporation (NYSE:INGM)

With a median price-to-earnings (or "P/E") ratio of close to 19x in the United States, you could be forgiven for...
Analysis Article Sep 04

Is Ingram Micro Holding (NYSE:INGM) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha Oct 25

Ingram Micro: Technology Distributor Going Public Again

Summary Ingram Micro's IPO saw modest gains, with a reasonable valuation but challenges from sales declines, thin margins, and high-interest expenses. The company, a leading technology distributor, offers custom solutions and has a broad product range, but operates in a competitive and cyclical environment. I remain cautious, awaiting improved sales momentum and clarity on earnings before reconsidering my neutral stance on Ingram Micro. Read the full article on Seeking Alpha

Financial Position Analysis

Short Term Liabilities: INGM's short term assets ($18.5B) exceed its short term liabilities ($14.2B).

Long Term Liabilities: INGM's short term assets ($18.5B) exceed its long term liabilities ($3.1B).


Debt to Equity History and Analysis

Debt Level: INGM's net debt to equity ratio (69.8%) is considered high.

Reducing Debt: INGM's debt to equity ratio has increased from 58.9% to 88.7% over the past 5 years.

Debt Coverage: INGM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: INGM's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/24 11:14
End of Day Share Price 2026/08/21 00:00
Earnings2026/06/27
Annual Earnings2025/12/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

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Industry and Sector Metrics

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Analyst Sources

Ingram Micro Holding Corporation is covered by 24 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin ReitzesBarclays
Karl AckermanBNP Paribas
Ruplu BhattacharyaBofA Global Research