Ingram Micro Holding Corporatio (INGM) Stock Price & How to Invest
Last updated July 2026
Short answer
INGM is Ingram Micro Holding Corporation, the world's largest information technology distributor, trading on the NYSE after its October 2024 IPO. Investing in it is a bet on the plumbing of the global tech supply chain: hardware, software, and cloud services moving from vendors to resellers at massive scale but very thin margins.
INGM stock price
As of 2026-07-24, Ingram Micro Holding Corporatio (INGM) last closed at $29.44, up 38.2% over the past year. Over the past 52 weeks it has traded between $18.76 and $31.64.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Ingram Micro Holding Corporatio's investor relations page. Walnut is informational, not investment advice.
What does Ingram Micro Holding Corporatio (INGM) do?
Ingram Micro distributes IT products and services worldwide, connecting technology vendors (such as HP, Dell, Microsoft, Cisco, Apple, and Lenovo) with a global network of resellers, retailers, and managed service providers. Its business spans three lines: Technology Solutions (client, endpoint, and advanced hardware plus software), Cloud (third-party subscriptions and infrastructure-as-a-service), and Other services, across North America, EMEA, Asia-Pacific, and Latin America. The company generates tens of billions in revenue but operates on razor-thin net margins typical of distribution, so scale, logistics efficiency, and working-capital management drive the economics.
The stock returned to public markets in October 2024 at $22 per share under owner Platinum Equity, which acquired Ingram Micro in 2021 and remains the controlling shareholder with a roughly 90 percent stake. The investment picture combines steady mid-to-high single-digit sales growth, a multi-year debt-paydown story funded partly by IPO proceeds and cash flow, and a valuation that sits below the broader electronics-industry average. The trade-off is thin profitability, heavy leverage inherited from the private-equity buyout, and a small public float that leaves the company under concentrated ownership.
What's driving Ingram Micro Holding Corporatio (INGM)?
1. Cloud and advanced solutions mix shift
Ingram Micro is pushing its higher-value Cloud line (subscriptions, infrastructure-as-a-service, and its Xvantage digital platform) and advanced data-center solutions to lift margins above commodity hardware distribution. Growth in recurring cloud and services revenue is central to the case that a low-margin distributor can gradually improve profitability. New vendor mandates, such as expanded distribution roles with major OEMs, add volume in this mix.
2. Deleveraging and cash generation
The company has used IPO proceeds and operating cash flow to pay down debt taken on during the 2021 Platinum Equity buyout, with over a billion dollars repaid since 2022. Continued deleveraging reduces interest expense and can convert steady sales growth into faster earnings-per-share growth. Working-capital discipline in a huge, inventory-heavy business is the swing factor for free cash flow.
3. Scale in a consolidating duopoly
Ingram Micro and TD Synnex form an effective global duopoly at the top of a highly fragmented IT distribution market. That scale gives Ingram Micro purchasing leverage with vendors, breadth of catalog for resellers, and logistics reach that smaller regional distributors cannot match. IT hardware refresh cycles, AI-driven server demand, and enterprise software adoption all flow through this channel.
What are the risks to Ingram Micro Holding Corporatio (INGM)?
Distribution is a structurally thin-margin business, so net income is a small fraction of revenue and is sensitive to price competition, vendor terms, and IT spending cycles. Platinum Equity's roughly 90 percent controlling stake means public shareholders have limited influence and face potential overhang if the sponsor sells down its position over time. Significant debt from the leveraged buyout raises interest costs and financial risk if cash flow weakens. Demand is cyclical and tied to enterprise and consumer technology budgets, which can contract sharply in downturns. Currency swings, supply-chain disruptions, and vendor concentration add further volatility to reported results.
How is Ingram Micro Holding Corporatio (INGM) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Ingram Micro Holding Corporatio's investor relations page or your broker.
- Revenue (TTM): ~$54 billion
- Net income (TTM): ~$0.4 billion
- Market cap: ~$6.6 billion
- Share price: ~$28
- P/E (trailing): ~17x
- Net margin: ~0.7%
Ingram Micro reported roughly $52.6 billion in 2025 revenue, up about 9.5 percent, with Q1 2026 net sales up 13.7 percent to about $14 billion. The trailing P/E of roughly 17x sits below the broader electronics-industry average, reflecting the market's discount for thin distribution margins, heavy leverage, and concentrated private-equity ownership. Valuation multiples look modest on earnings but the sub-1 percent net margin means small operational swings move profit meaningfully.
Who competes with Ingram Micro Holding Corporatio (INGM)?
Global IT distributors
TD Synnex is Ingram Micro's closest peer, with near-identical global scale, and the two form an effective duopoly at the top of IT distribution. Arrow Electronics and Avnet compete heavily in electronic components and enterprise computing distribution.
Specialty and regional distributors
ScanSource, Westcon-Comstor, and various regional players compete in specific product niches (point-of-sale, networking, security) or geographies, chipping at Ingram Micro's catalog breadth in targeted segments.
Direct and reseller channels
Value-added resellers and solution providers such as CDW, plus vendors selling direct to large enterprises and cloud marketplaces, represent alternative routes to market that can bypass traditional distribution for certain buyers.
How to invest in Ingram Micro Holding Corporatio (INGM)
There are three common ways to get INGM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so INGM sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where INGM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Ingram Micro Holding Corporatio (INGM)
The investment picture is a low-margin, high-volume distribution giant with steady sales growth and a deleveraging story, still majority controlled by private equity.
More on Ingram Micro Holding Corporatio (INGM)
Whether INGM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is INGM a buy?, and where the stock could go from here in the INGM stock forecast.
For income investors, whether INGM pays a dividend and how the payout looks is covered in does INGM pay a dividend?
Build a basket around INGM with Walnut
Use Ingram Micro Holding Corporatio as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Ingram Micro do?
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Ingram Micro is a global IT distributor. It buys hardware, software, and cloud services from technology vendors and resells them to a worldwide network of resellers, retailers, and managed service providers, adding logistics, financing, and cloud-platform services along the way.
What exchange does INGM trade on?
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INGM trades on the New York Stock Exchange (NYSE). Ingram Micro Holding Corporation returned to public markets in October 2024 at an IPO price of $22 per share under owner Platinum Equity.
How big is Ingram Micro's revenue?
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Ingram Micro is one of the largest companies by revenue in technology distribution, reporting roughly $52.6 billion in 2025 sales and running at an annualized pace above $50 billion into 2026. Net income, however, is a small fraction of that given thin distribution margins.
Why are Ingram Micro's profit margins so thin?
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Distribution is a high-volume, low-margin business. Ingram Micro passes vendor products through to resellers at small markups, so its net margin runs well under 1 percent. Profitability depends on scale, logistics efficiency, and shifting mix toward higher-value cloud and advanced solutions.
Who owns most of Ingram Micro?
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Private equity firm Platinum Equity acquired Ingram Micro in 2021 and remains the controlling shareholder, holding roughly 90 percent of shares after the 2024 IPO. This leaves a relatively small public float and concentrated control.
Who are Ingram Micro's main competitors?
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Its closest competitor is TD Synnex, with which it forms an effective global duopoly in IT distribution. Arrow Electronics, Avnet, and ScanSource compete in overlapping product areas, while resellers like CDW and direct-to-enterprise vendors offer alternative channels.
Is Ingram Micro profitable?
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Yes, Ingram Micro is profitable, reporting net income of roughly $328 million in 2025 with double-digit earnings growth continuing into 2026. The absolute profit is modest relative to its tens of billions in revenue because of the low-margin nature of distribution.
What are the key risks for INGM investors?
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The main risks are thin margins sensitive to IT spending cycles, significant debt from the leveraged buyout, Platinum Equity's controlling stake and potential share overhang, and exposure to currency, supply-chain, and vendor-concentration factors. Walnut is not an investment adviser, so treat this as factual context, not guidance.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Ingram Micro Holding Corporatio's investor relations page or your broker before making investment decisions.