M
Macro Analyst
Mar 16, 2026 · bullish
Ingram Micro's free cash flow generation has been consistently positive over the past four quarters, with $785.4M, $916.1M, $785.4M, and $916.1M in Q4 2025, Q3 2025, Q2 2025, and Q1 2025, respectively. The company's debt-to-equity ratio has also been steadily improving, declining from 4.0 in Q1 2025 to 3.7 in Q2 2025, 3.6 in Q3 2025, and 3.5 in Q4 2025. This indicates Ingram Micro is using its cash flows to pay down its outstanding debt. Ingram Micro's stable distribution business model, which provides technology products and services to a diverse customer base, has allowed it to generate this consistent free cash flow. The company's ability to convert earnings into cash flow is a positive sign for long-term investors. Given Ingram Micro's steady free cash flow generation and improving balance sheet, I believe the company is well-positioned to weather any potential economic headwinds. Its deleveraging trend and focus on cash flow generation make it an attractive long-term investment opportunity.

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