Integer Holdings Corp

Health Care
Biotechnology: Electromedical & Electrotherapeutic Apparatus
www.integer.net

Earnings Score
Moat Score
Safety Score

Market Cap $4.02B
PE 52
Debt $1.26B
Cash $31.71M
EV $5.25B
FCF $111.74M

Earnings

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Sales & Net Margins

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Earnings	$76.90M
EBIT	$218.51M
ROE	5%
ROA	7%
FCF	$111.74M
Equity	$1.61B
Growth Stability	70%
PE	52.3
PEG	11.39
PB	2.5
P/FCF	36
P/S	2.31
Price/Cash	0.01
Debt/Equity	0.79
Debt/FCF	11.29
Net Margins	-5%
Gross Margins	27%
Op. Margins	13%
Earnings CAGR	8%
Sales Growth YoY	5%
Sales Growth QoQ	-3%
Sales CAGR	3%
FCF CAGR	-4%
Equity CAGR	10%
Earnings Stability	0.11
Earnings Growth YoY	-210%
Earnings Growth QoQ	-169%

Earnings CAGR 5Y	5%
Sales CAGR 5Y	14%
FCF CAGR 5Y	-9%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	12%
Sales CAGR 3Y	12%
FCF CAGR 3Y	48%
Equity CAGR 3Y	7%
Market Cap	$4.02B
Revenue	$1.74B
Assets	$3.30B
Total Debt	$1.26B
Cash	$31.71M
Shares Outstanding	33.92M
EV	5.25B
Earnings Score	8%
Moat Score	50%
Safety Score	72%
Final Score	43%
Working Capital	495.8M
Current Ratio	3.4
Gross Profit	$469.49M
Shares Growth 3y	1%
Equity Growth QoQ	-1%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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Integer Holdings is a manufacturer of medical device components used by original equipment manufacturers in the medical industry. The company also develops batteries used in nonmedical applications in the energy, military, and environmental markets. The firm organizes itself into two business segments based on the product type: medical and nonmedical. The medical segment uses the firm's technologies to produce components and finished medical devices, and it generates the vast majority of revenue. The company earns more than half of its revenue in the United States.

SEC Filings

Direct access to Integer Holdings Corp (ITGR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 28
2024
- 10-K Dec 31
- 10-Q Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-K Dec 31
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Integer Holdings Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Integer Holdings Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 8%

Stability 11%

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Integer Holdings Corp Discounted Cash Flow

Fully customizable DCF calculator online for Integer Holdings Corp.

Years

Calculation mode

= $842M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$112M	$107M	$102M	$98M	$94M	$90M	$86M	$82M	$79M	$76M	$72M	$724M
DCF		$97M	$85M	$74M	$64M	$56M	$49M	$42M	$37M	$32M	$28M	$279M
Value	$842M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-1%	0%	5%	14%	8%	7%	8%	5%	6%	7%	-5%
ROA	-	4%	5%	7%	7%	5%	5%	4%	6%	7%	7%
ROE	-	1%	7%	16%	8%	6%	7%	5%	6%	7%	5%

Bad Net Margins (-5.14%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	37.56	16.07	7.87	7.27	5.72	8.17	22.79	16.16	10.13	11.29
Debt over Equity	2.1	2.43	1.84	0.91	0.74	0.6	0.62	0.67	0.64	0.62	0.79
Growth Stability	-	-	-	100%	100%	70%	85%	74%	100%	100%	70%

Bad Debt/FCF ratio (11.29)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.79)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (70%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	73%	5%	-17%	4%	-15%	14%	13%	16%	8%	14%
Earnings YoY growth	-	-178%	1K%	152%	-43%	-20%	25%	-31%	37%	32%	5%
Equity YoY growth	-	-15%	23%	19%	9%	10%	7%	5%	7%	7%	6%
FCF YoY growth	-	-246%	118%	20%	-4%	15%	-23%	-60%	45%	66%	-9%