Forensic Analysis · Trading Companies & Distributors · as of Sep 25, 2026
Ingram Micro Holding Corp (INGM)
A forensic read on Ingram Micro Holding Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
2.3
Distress distance
Clean
Earnings quality
3
Forensic signals
14.3
P / E (ttm)
7.7%
ROE
$6.3B
Market cap
1.23%
Dividend yield
9.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Ingram Micro Holding Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 2.3, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by share-count dilution.
What the filings flag
+4.7%/yr
FY2024–FY2025
Share-count dilution.Diluted share count changed +5% over the last 1 year to FY2025 (+4.7%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~4.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~5%.
9.3%
FY2025
Return on invested capital.Return on invested capital is 9.3% in the latest fiscal year, close to the 7.9% of FY2024. After-tax operating profit was $532M in FY2024 and $570M in FY2025, with operating income at 1.7% of revenue in FY2024 and 1.7% in FY2025. The capital base behind it barely moved across FY2024–FY2025 ($6.7B to $6.1B, -9%), so there has been little new capital for that return to be earned on.
0.0% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 0.0% of revenue and 3% of free cash flow in FY2025 — about $0.09 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 4.7% a year, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$52.56B
Revenue Growth YoY+9.5%
Net Margin0.6%
Free Cash Flow$785.4M
Return on Equity7.7%
Debt / Equity0.75x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Ingram Micro Holding Corp's actual 10-K/10-Q/8-K filings?