INGMIngram Micro Holding Corporation
Is the business good?
More warning than reassurance: profits without cash flow and returns that lean on debt.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Reports an operating profit but operating cash flow is negative, a red flag. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 8% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is INGM?
Ingram Micro Holding Corporation earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 1.8 points above what the capital costs: growth creates value
- Operating margin
- 1.8%
Operating margin · Information Technology Services median 8.0% · 12 months to Q2 2026
- Cash conversion
- −0.15×
Cash conversion · −0.96× a year ago · the operating profit has not turned into cash yet
- Share count, year on year
- −1.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2022 | 6.4% |
| FY2023 | 2.0% |
| FY2024 | 1.7% |
| FY2025 | 1.7% |
Details›
- Gross margin12 months to Q2 2026
- 6.7%
- Operating margin12 months to Q2 2026
- 1.8%
- Net margin12 months to Q2 2026
- 0.77%
- Free cash flow margin
- −0.41%
- Revenue, trailing twelve months
- $56.0B
- Free cash flow, trailing twelve months
- −$232M
- Net income, trailing twelve months
- $431M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Information Technology Services
Ranks #18 of 31 by RyuScore