M
Macro Analyst
Mar 19, 2026 · bullish
Ingram Micro has generated $785.4M in free cash flow over the past four quarters, representing 1.5% of its $52.6B in revenue. This consistent free cash flow generation has allowed the company to reduce its debt levels, with the debt-to-equity ratio declining from 4.0 in Q3 2024 to 4.0 currently. Ingram Micro's ability to produce steady free cash flow and pay down debt demonstrates the financial discipline and operational efficiency of the business. This improving balance sheet health should provide the company with greater financial flexibility to invest in growth initiatives or return capital to shareholders in the future. The combination of Ingram Micro's consistent free cash flow generation, declining debt levels, and attractive valuation (trading at 0.6x EV/Revenue) makes the stock an appealing long-term investment idea. I believe the company's focus on improving its financial position positions it well to capitalize on ongoing trends in the technology distribution industry.

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