A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Integer Holdings Corp
ITGR
$3.5B
Mkt Cap
$98.62
+1.15%
Integer Holdings Corp (ITGR) has a current P/E ratio of 34.1, compared to its historical median P/E of 29.6. The stock is currently considered Fair based on its historical valuation range.
Integer Holdings Corp (ITGR) has a 5-year average return on invested capital (ROIC) of 5.8%. This is below average and may indicate limited pricing power.
Integer Holdings Corp (ITGR) has a market capitalization of $3.3B. It is classified as a mid-cap stock.
Integer Holdings Corp (ITGR) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.49%.
Based on historical P/E analysis, Integer Holdings Corp (ITGR) appears fair. The current P/E of 34.1 is 15% above its historical median of 29.6. The estimated fair value CAGR (P/E method) is -4.4%.
Integer Holdings Corp (ITGR) operates in the Electromedical & Electrotherapeutic Apparatus industry, within the Healthcare sector.
Integer Holdings Corp (ITGR) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Integer Holdings Corporation, headquartered in Plano, Texas, is one of the world’s largest medical device contract development and manufacturing organizations (“CDMOs”), serving the Cardio and Vascular, Neuromodulation, and Cardiac Rhythm Management markets. As a strategic partner of choice, we advance the goals of our medical device customers through industry-leading engineering and manufacturing, with a relentless commitment to quality, service, and innovation. Our brands include Greatbatch Medical® and Lake Region Medical®. Our primary customers include large, multi-national original equipment manufacturers (“OEMs”) and their affiliated subsidiaries. When used in this report, the terms “Integer,” “we,” “us,” “our” and the “Company” mean Integer Holdings Corporation and its subsidiaries. Over the past several years, Integer has evolved our portfolio strategy to focus on higher growth medtech markets where we possess differentiated capabilities.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 1.7B | 1.6B | 1.3B | 1.2B |
| Net Income | 142M | 103M | 120M | 91M | 66M | 97M |
| EPS | $4.09 | $2.89 | $3.36 | $2.69 | $1.99 | $2.91 |
| Free Cash Flow | 100M | 105M | 100M | 60M | 42M | 103M |
| ROIC | 6.2% | 6.5% | 6.7% | 5.7% | 4.3% | 6.0% |
| Gross Margin | 26.4% | 27.0% | 26.7% | 26.3% | 26.0% | 27.6% |
| Debt/Equity | 0.74 | 0.73 | 0.66 | 0.69 | 0.71 | 0.66 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 204M | 221M | 208M | 163M | 113M | 136M |
| Operating Margin | 11.0% | 11.9% | 12.1% | 10.5% | 8.5% | 11.1% |
| ROE | 8.4% | 6.1% | 7.6% | 6.2% | 4.8% | 7.4% |
| Shares Outstanding | 34M | 36M | 36M | 34M | 33M | 33M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 664M | 688M | 1.4B | 1.5B | 1.2B | 1.3B | 1.1B | 1.2B | 1.3B | 1.6B | 1.7B | 1.9B | 1.9B |
| Gross Margin | 33.0% | 33.6% | 24.3% | 24.2% | 29.8% | 28.2% | 26.6% | 27.6% | 26.0% | 26.3% | 26.7% | 27.0% | 26.4% |
| R&D | 54M | 50M | 48M | 49M | 49M | 47M | 48M | 52M | 60M | 62M | 53M | 49M | 52M |
| SG&A | 88M | 91M | 136M | 143M | 142M | 139M | 109M | 141M | 158M | 173M | 185M | 212M | 219M |
| EBIT | 61M | 76M | 93M | 126M | 156M | 158M | 121M | 136M | 113M | 163M | 208M | 221M | 204M |
| Op. Margin | 9.2% | 11.0% | 6.7% | 8.6% | 12.8% | 12.5% | 11.2% | 11.1% | 8.5% | 10.5% | 12.1% | 11.9% | 11.0% |
| Net Income | 36M | 55M | 6.0M | 67M | 168M | 96M | 77M | 97M | 66M | 91M | 120M | 103M | 142M |
| Net Margin | 5.5% | 8.1% | 0.4% | 4.6% | 13.8% | 7.7% | 7.2% | 7.9% | 5.0% | 5.8% | 7.0% | 5.5% | 7.6% |
| Non-Recurring | 0 | 400K | 0 | 300K | 0 | 0 | 3.7M | 5.1M | 4.8M | 6.5M | 5.1M | 2.3M | 2.2M |
| Returns on Capital | |||||||||||||
| ROIC | 6.5% | 7.7% | 5.3% | 5.2% | 5.4% | 6.9% | 5.5% | 6.0% | 4.3% | 5.7% | 6.7% | 6.5% | 6.2% |
| ROE | 6.7% | 9.6% | 0.9% | 8.2% | 17.2% | 8.7% | 6.4% | 7.4% | 4.8% | 6.2% | 7.6% | 6.1% | 8.4% |
| ROA | 4.1% | 6.0% | 0.3% | 2.3% | 6.5% | 4.1% | 3.3% | 3.9% | 2.5% | 3.2% | 4.0% | 3.2% | 4.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 57M | 81M | 106M | 149M | 167M | 165M | 181M | 157M | 116M | 180M | 205M | 196M | 190M |
| Free Cash Flow | 38M | 56M | 47M | 102M | 122M | 117M | 135M | 103M | 42M | 60M | 100M | 105M | 100M |
| Owner Earnings | 6.7M | 31M | 6.6M | 32M | 68M | 78M | 93M | 59M | 3.4M | 58M | 69M | 42M | 31M |
| CapEx | 19M | 25M | 59M | 47M | 45M | 48M | 47M | 53M | 75M | 120M | 105M | 91M | 90M |
| Maint. CapEx | 36M | 37M | 91M | 103M | 89M | 78M | 79M | 81M | 92M | 99M | 111M | 131M | 136M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21M | 0 | 0 | 0 |
| D&A | 36M | 37M | 91M | 103M | 89M | 78M | 79M | 81M | 92M | 99M | 111M | 131M | 136M |
| CapEx/OCF | 32.7% | 30.5% | 357.5% | 31.7% | 26.8% | 29.1% | 25.8% | 34.1% | 64.2% | 66.6% | 51.3% | 46.4% | 47.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 50M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.8% | 1.5% |
| Stock-Based Comp | 14M | 13M | 8.4M | 15M | 10M | 9.3M | 9.2M | 16M | 21M | 23M | 25M | 23M | 23M |
| Debt Repayment | 458M | 10M | 46M | 179M | 705M | 39M | 185M | 63M | 45M | 416M | 6K | 668M | 668M |
| Balance Sheet | |||||||||||||
| Net Debt | 162M | 110M | 1.7B | 1.6B | 900M | 846M | 728M | 880M | 975M | 1.0B | 1.0B | 1.3B | 1.2B |
| Cash & Equiv. | 35M | 77M | 52M | 44M | 26M | 14M | 49M | 18M | 24M | 24M | 47M | 17M | 8.1M |
| Long-Term Debt | 198M | 175M | 1.7B | 1.6B | 888M | 777M | 694M | 813M | 907M | 960M | 980M | 1.2B | 1.3B |
| Debt/Equity | 0.36 | 0.30 | 2.39 | 1.80 | 0.87 | 0.75 | 0.61 | 0.66 | 0.71 | 0.69 | 0.66 | 0.73 | 0.74 |
| Interest Coverage | 5.4 | 17.8 | 1.4 | 2.0 | 1.6 | 3.0 | 3.2 | 4.3 | 2.9 | 3.1 | 3.7 | 5.1 | 5.1 |
| Equity | 542M | 613M | 725M | 893M | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B | 1.7B | 1.7B |
| Total Assets | 890M | 955M | 2.8B | 2.8B | 2.3B | 2.4B | 2.4B | 2.6B | 2.8B | 2.9B | 3.1B | 3.4B | 3.4B |
| Total Liabilities | 349M | 342M | 2.1B | 2.0B | 1.3B | 1.2B | 1.1B | 1.2B | 1.4B | 1.4B | 1.5B | 1.7B | 1.7B |
| Intangibles | 76M | 65M | 940M | 863M | 812M | 776M | 757M | 808M | 820M | 780M | 778M | 825M | 806M |
| Retained Earnings | 184M | 239M | 109M | 176M | 344M | 440M | 518M | 614M | 681M | 771M | 891M | 994M | 1.0B |
| Working Capital | 191M | 242M | 332M | 323M | 252M | 236M | 257M | 293M | 335M | 397M | 444M | 538M | 568M |
| Current Assets | 283M | 351M | 517M | 532M | 416M | 415M | 413M | 453M | 558M | 618M | 671M | 770M | 775M |
| Current Liabilities | 92M | 109M | 185M | 209M | 165M | 179M | 156M | 160M | 224M | 221M | 227M | 232M | 206M |
| Per Share Data | |||||||||||||
| EPS | 1.43 | 2.14 | 0.19 | 2.08 | 5.15 | 2.92 | 2.33 | 2.91 | 1.99 | 2.69 | 3.36 | 2.89 | 4.09 |
| Owner EPS | 0.26 | 1.19 | 0.21 | 0.99 | 2.08 | 2.37 | 2.80 | 1.78 | 0.10 | 1.72 | 1.95 | 1.19 | 0.90 |
| Book Value | 21.37 | 23.67 | 23.12 | 27.87 | 32.52 | 34.93 | 38.33 | 40.72 | 42.50 | 45.08 | 45.38 | 49.10 | 49.99 |
| Cash Flow/Share | 2.24 | 3.14 | 3.36 | 4.66 | 5.13 | 5.01 | 5.47 | 4.71 | 3.49 | 5.35 | 5.75 | 5.51 | 8.18 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 25.4M | 25.9M | 31.4M | 32.1M | 32.6M | 33.0M | 33.2M | 33.3M | 33.4M | 33.7M | 35.7M | 35.6M | 33.9M |
| Valuation | |||||||||||||
| P/E Ratio | 31.4 | 23.0 | N/A | 22.3 | 14.8 | 27.8 | 35.0 | 29.6 | 33.3 | 37.2 | 40.1 | 27.3 | 24.1 |
| P/FCF | 30.1 | 22.6 | 19.9 | 14.6 | 20.3 | 22.9 | 20.1 | 27.8 | 53.1 | 56.0 | 48.2 | 26.7 | 33.5 |
| EV/EBIT | 20.6 | 17.4 | 185.4 | 24.3 | 21.8 | 22.2 | 28.0 | 27.1 | 25.6 | 26.3 | 27.4 | 17.9 | 22.6 |
| Price/Book | 2.1 | 2.1 | 1.1 | 1.7 | 2.3 | 2.3 | 2.1 | 2.1 | 1.6 | 2.2 | 3.0 | 1.6 | 2.0 |
| Price/Sales | 1.6 | 1.8 | 1.0 | 1.2 | 1.8 | 2.0 | 2.2 | 2.4 | 1.8 | 1.8 | 2.5 | 2.1 | 1.8 |
| FCF Yield | 3.3% | 4.4% | 6.0% | 6.9% | 4.9% | 4.4% | 5.0% | 3.6% | 1.9% | 1.8% | 2.1% | 3.7% | 3.0% |
| Market Cap | 1.1B | 1.3B | 780M | 1.5B | 2.5B | 2.7B | 2.7B | 2.9B | 2.2B | 3.4B | 4.8B | 2.8B | 3.3B |
| Avg. Price | 42.31 | 49.02 | 29.91 | 42.17 | 66.78 | 77.99 | 72.71 | 89.35 | 72.61 | 81.28 | 119.67 | 109.84 | 98.62 |
| Year-End Price | 44.90 | 49.23 | 29.80 | 46.35 | 76.03 | 81.24 | 81.56 | 86.11 | 66.36 | 100.20 | 134.76 | 78.88 | 98.62 |
Integer Holdings Corp passes 1 of 9 quality checks, indicating weak fundamentals.
Integer Holdings Corp trades at 34.1x trailing earnings, compared to its 15-year median P/E of 29.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 32.3x vs a median of 24.8x. The company's 5-year average ROIC is 5.8% with a gross margin of 26.7%. Total shareholder yield (buybacks) is 1.5%. At current prices, the estimated annualized return to fair value is -10.4%.
Integer Holdings Corp (ITGR) has a net profit margin of 5.5%. This is a modest margin.
Integer Holdings Corp (ITGR) generated $105 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Integer Holdings Corp (ITGR) has a debt-to-equity ratio of 0.73. This indicates moderate leverage.
Integer Holdings Corp (ITGR) reported earnings per share (EPS) of $2.89 in its most recent fiscal year.
Integer Holdings Corp (ITGR) has a return on equity (ROE) of 6.1%. This indicates moderate shareholder returns.
Integer Holdings Corp (ITGR) has a 5-year average gross margin of 26.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for Integer Holdings Corp (ITGR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Integer Holdings Corp (ITGR) has a book value per share of $49.10, based on its most recent annual SEC filing.