Latest Ratios: P/E Ratio 31.8x · EV/EBITDA 13.6x · ROE 6.1%. (1999–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $2.8B | $4.7B | $3.3B | $2.3B | $2.8B | $2.7B | $2.7B | $2.5B | $1.5B | $912M |
| Enterprise Value | $4.5B | $4.2B | $5.8B | $4.4B | $3.3B | $3.7B | $3.4B | $3.5B | $3.4B | $3.0B | $2.6B |
| P/E Ratio → | 31.80 | 27.14 | 38.98 | 36.83 | 34.93 | 30.57 | 34.85 | 29.04 | 14.81 | 21.78 | 155.00 |
| P/S Ratio | 1.71 | 1.51 | 2.75 | 2.15 | 1.72 | 2.33 | 2.50 | 2.11 | 2.05 | 1.28 | 0.85 |
| P/B Ratio | 1.87 | 1.60 | 2.92 | 2.20 | 1.61 | 2.10 | 2.12 | 2.31 | 2.34 | 1.63 | 1.26 |
| P/FCF | 30.08 | 26.56 | 47.43 | 55.49 | 54.82 | 27.58 | 20.70 | 22.68 | 20.31 | 14.23 | 19.45 |
| P/OCF | 16.12 | 14.23 | 23.02 | 18.56 | 19.62 | 18.17 | 14.83 | 16.07 | 14.86 | 9.72 | 8.64 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.26 | 3.37 | 2.81 | 2.45 | 3.06 | 3.18 | 2.78 | 2.79 | 2.66 | 2.41 |
| EV / EBITDA | 13.56 | 12.45 | 18.18 | 16.80 | 16.05 | 17.19 | 17.09 | 14.87 | 14.28 | 14.62 | 15.62 |
| EV / EBIT | 21.72 | 19.95 | 25.90 | 24.47 | 24.98 | 26.10 | 32.96 | 20.65 | 19.73 | 18.58 | 16.67 |
| EV / FCF | — | 39.71 | 58.05 | 72.56 | 78.46 | 36.19 | 26.30 | 29.90 | 27.66 | 29.63 | 55.23 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.1% | 23.1% | 26.9% | 26.5% | 26.0% | 27.6% | 26.6% | 28.2% | 29.8% | 31.2% | 31.4% |
| Operating Margin | 11.3% | 11.3% | 12.1% | 10.5% | 8.5% | 11.1% | 11.2% | 12.5% | 12.8% | 11.1% | 8.6% |
| Net Profit Margin | 5.6% | 5.6% | 7.0% | 5.8% | 5.0% | 7.9% | 7.2% | 7.7% | 13.8% | 5.9% | 0.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.1% | 6.1% | 7.6% | 6.2% | 4.8% | 7.4% | 6.4% | 8.7% | 17.2% | 8.2% | 0.8% |
| ROA | 3.2% | 3.2% | 4.0% | 3.2% | 2.5% | 3.9% | 3.3% | 4.1% | 6.5% | 2.3% | 0.2% |
| ROIC | 5.4% | 5.4% | 6.0% | 4.9% | 3.6% | 4.8% | 4.5% | 6.0% | 5.3% | 3.9% | 2.9% |
| ROCE | 6.9% | 6.9% | 7.5% | 6.2% | 4.5% | 5.9% | 5.5% | 7.3% | 6.5% | 4.8% | 3.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.80 | 0.80 | 0.68 | 0.69 | 0.71 | 0.67 | 0.61 | 0.75 | 0.87 | 1.80 | 2.39 |
| Debt / EBITDA | 4.18 | 4.18 | 3.47 | 4.04 | 4.96 | 4.17 | 3.89 | 3.65 | 3.90 | 7.78 | 10.44 |
| Net Debt / Equity | — | 0.79 | 0.65 | 0.68 | 0.69 | 0.66 | 0.57 | 0.73 | 0.85 | 1.76 | 2.31 |
| Net Debt / EBITDA | 4.12 | 4.12 | 3.32 | 3.95 | 4.84 | 4.09 | 3.64 | 3.59 | 3.80 | 7.60 | 10.12 |
| Debt / FCF | — | 13.15 | 10.61 | 17.07 | 23.64 | 8.60 | 5.61 | 7.22 | 7.35 | 15.40 | 35.78 |
| Interest Coverage | 4.95 | 4.95 | 3.96 | 3.35 | 3.51 | 4.52 | 2.71 | 3.23 | 1.73 | 2.54 | 2.27 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.32 | 3.32 | 2.95 | 2.80 | 2.50 | 2.84 | 2.64 | 2.32 | 2.53 | 2.54 | 2.79 |
| Quick Ratio | 2.23 | 2.23 | 1.87 | 1.76 | 1.56 | 1.86 | 1.69 | 1.39 | 1.37 | 1.70 | 1.58 |
| Cash Ratio | 0.07 | 0.07 | 0.20 | 0.11 | 0.11 | 0.11 | 0.32 | 0.08 | 0.16 | 0.21 | 0.28 |
| Asset Turnover | — | 0.54 | 0.56 | 0.53 | 0.48 | 0.47 | 0.45 | 0.53 | 0.52 | 0.40 | 0.38 |
| Inventory Turnover | 5.60 | 5.60 | 5.08 | 4.99 | 4.72 | 5.68 | 5.28 | 5.40 | 4.48 | 4.43 | 3.28 |
| Days Sales Outstanding | — | 68.41 | 74.22 | 74.41 | 81.77 | 75.26 | 67.50 | 62.88 | 55.73 | 62.60 | 73.99 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.7% | 2.6% | 2.7% | 2.9% | 3.3% | 2.9% | 3.4% | 6.8% | 4.6% | 0.6% |
| FCF Yield | 3.3% | 3.8% | 2.1% | 1.8% | 1.8% | 3.6% | 4.8% | 4.4% | 4.9% | 7.0% | 5.1% |
| Buyback Yield | 1.6% | 1.8% | 0.0% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.6% | 1.8% | 0.0% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $36M | $36M | $34M | $33M | $33M | $33M | $33M | $33M | $32M | $31M |
Margin compression and volatility
Based on current market data, Integer's forward P/E of 15.44 suggests investors are pricing in significant growth deceleration, especially when contrasted with the TTM P/E of 32.49, which appears heavily distorted by recent earnings volatility and the company's aggressive acquisition-led capital deployment strategy.
The wide gap between trailing and forward multiples indicates that the market expects a normalization of earnings, yet the high PEG ratio of 7.38 implies that current growth rates are insufficient to justify the premium valuation. Investors should monitor whether the company can achieve the operational efficiency required to meet these forward expectations, as the current pricing appears to bake in a recovery that remains unproven by recent margin trends.
As reported in recent financial statements, Integer's ROIC has hovered near 1% to 1.6% over the last ten quarters, indicating that the company is struggling to generate returns on invested capital that meaningfully exceed its likely cost of capital in this high-interest environment.
The persistent low ROIC suggests that the capital-intensive nature of the medical device manufacturing business, combined with the integration costs of past acquisitions, is creating a drag on shareholder value creation. This trend warrants further investigation into whether the company's 'buy and build' strategy is truly value-accretive or if it is merely expanding the asset base without improving the underlying return profile.
According to historical quarterly data, Integer's cash conversion cycle has remained elevated, averaging approximately 115 days in 2026Q1, which highlights significant friction in managing inventory and receivables compared to the leaner operational standards typically observed in high-performance medical device component manufacturers.
The persistent DIO and DSO levels suggest that the company may be carrying excess inventory to mitigate supply chain risks, which ties up capital and reduces overall asset turnover. This inefficiency appears to be a structural feature of their custom manufacturing model, potentially limiting the company's ability to improve free cash flow conversion during periods of slowing demand.
Based on reported figures, Integer's interest coverage ratio has fluctuated between 3.36 and 5.72 over the last ten quarters, suggesting that while the company is not currently in distress, its ability to service debt is becoming increasingly sensitive to operating income volatility.
With a debt-to-equity ratio of 0.81, the company maintains a moderate leverage profile, but the narrowing net margins leave little room for error should interest rates remain elevated or operating performance continue to soften. Investors should monitor the company's ability to deleverage, as the current reliance on debt to fund growth may become a liability if organic cash generation does not improve.
The P/E ratio is frequently misapplied to Integer's business model because it fails to account for the significant non-cash amortization charges resulting from the company's acquisition-heavy strategy, which artificially depresses GAAP earnings and obscures the firm's actual cash-generating potential.
Analysts should instead focus on EV/EBITDA or P/FCF to better understand the operational reality of the business, as these metrics normalize for the capital structure and non-cash accounting distortions. Relying on P/E in this context may lead to an overly pessimistic view of the company's valuation, ignoring the underlying cash flow that supports its ongoing investment in manufacturing capabilities.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying ITGR stock.
Integer Holdings Corporation's current P/E ratio is 31.8x. The historical average is 37.9x. This places it at the 50th percentile of its historical range.
Integer Holdings Corporation's current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.6x.
Integer Holdings Corporation's return on equity (ROE) is 6.1%. The historical average is 5.4%.
Based on historical data, Integer Holdings Corporation is trading at a P/E of 31.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Integer Holdings Corporation has 23.1% gross margin and 11.3% operating margin. Operating margin between 10-20% is typical for established companies.
Integer Holdings Corporation's Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.