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Ingram Micro Holding Corp

INGM · Industrials · $6.9B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

32

2022–2025 (latest 4 aligned FYs; v3 window cap 5): revenue $50.8B to $52.6B, increasing; diluted EPS 10.77 to 1.39, decreasing.

28

Median gross margin 7.2% over 4y, very stable.

31

Median ROIC 10.0%, above the 12% hurdle in 25% of years.

40

Net debt/EBITDA 1.2x, interest coverage 3x.

20

Owner earnings changed -45.6%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
67% above value if growth stopped today
$374M
$17.65
$17.65
$29.44
67% above value if growth stopped today

What today’s price assumes: owner earnings growing ~11%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

Fundamentals

We couldn't reach the fundamentals service just now, so we won't show a stale or guessed series for INGM. Try again shortly.

Flagship explainer

How Ingram Micro Holding Corp makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$52.6B · 100%Cost of revenue$49.1B · 93%Gross profit$3.5B · 7%Operating income$877M · 2%Income before tax$531M · 1%Income tax$203M · 0%Net income$328M · 1%As of 2025-12-27 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$52.6B100%
Cost of revenue$49.1B93%
$3.5B7%
$877M2%
Income before tax$531M1%
Income tax$203M0%
$328M1%
Source: · event Dec 27, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

What Ingram Micro Holding Corp owns — and owes

Ingram Micro Holding Corp's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$21.2B100%
Cash and equivalents$1.9B9%
$3.2B15%
Stockholders’ equity$4.2B20%
Source: · event Dec 27, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives Ingram Micro Holding Corp’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity8%Tax burden62%net income ÷ pretax incomeInterest burden61%pretax ÷ operating incomeOperating margin2%operating income ÷ revenueAsset turnover2.63×revenue ÷ average assetsEquity multiplier5.01×average assets ÷ average equityAs of 2025-12-27 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$328MFY2025
Income before tax$531MFY2025
Operating income$877MFY2025
$52.6BFY2025
Ending assets$21.2BFY2025
Beginning assets$18.8BFY2024
$4.2BFY2025
$3.7BFY2024
Source:
  • SEC filingFiling detailsAccession 0001628280-26-013588
· event Dec 27, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where Ingram Micro Holding Corp's cash went

Ingram Micro Holding Corp’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$916M100%
Depreciation and amortization$197M22%
Source: · event Dec 27, 2025 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Ingram Micro Holding Corp

Delayed public 13F reports for 2026-Q1—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Markel / Markel-GaynerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source unavailable · event Mar 31, 2026 · retrieved Jul 26, 2026

Flagship explainer

What Ingram Micro Holding Corp insiders reported

Records still being gathered — partial as of retrieval Aug 11, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

12 logged readings since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale30.2 / 100
0406080100WideNarrowShallowNo moatJul 18, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Aug 11, 2026.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

No reported Form 4 rows were captured for INGM; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.

A filing source-event date will appear when a Form 4 row is captured.

Retrieved .

Industrials context

#329 of 428 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #327SEB Seaboard Corporation30.7No moat
  2. #328LGIH LGI HOMES, INC.30.6No moat
  3. #330KOSS KOSS CORPORATION30.1No moat
  4. #331GEO The GEO Group, Inc.30.1No moat

Compare INGM with its nearest peers →All Industrials companies on the Index →

Common questions about INGM

Does Ingram Micro Holding Corp have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores Ingram Micro Holding Corp (INGM) 30.2 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 32, pricing power 28, returns on capital 31, balance-sheet safety 40, capital allocation 20.
Is INGM trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $17.65 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $29.44, that is 67% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has INGM's Moat Score changed over time?
The record logs 12 readings since Jul 18, 2026; the latest reads 30.2 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell INGM. See the disclaimer.