What is the primary revenue source for Ingram Micro (INGM)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze INGM's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Ingram Micro's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Ingram Micro Makes Money: INGM Revenue Breakdown (2027)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

Revenue: USD 28.49B
Largest revenue segment share (North America): 36.07%
Cost of revenue: USD 26.61B
Selling, general and administrative: USD 1.41B

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Largest revenue segment share (North America)North America · segment_value / revenue * 100
RevenueNet sales · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of sales · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative · SellingGeneralAndAdministrativeExpense

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Accounts receivable: USD 10.68B
Inventory: USD 6.02B
Goodwill: USD 850.79M
Total liabilities: USD 17.25B
Shareholder equity: USD 4.28B

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

GoodwillGoodwill · Goodwill
Shareholder equityTotal stockholders’ equity · StockholdersEquity
Total liabilitiesTotal liabilities · Liabilities
InventoryInventory · InventoryNet
Accounts receivableTrade accounts receivable (less allowances of $192,895 and $169,165, respectively) · AccountsReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Watch

Net income is positive while operating cash flow is negative, so reported profit has not become cash.

Free cash flow is negative after capital expenditure.

Net income: USD 209.74M
Operating cash flow: USD −1.51B
Cash conversion: -720.47%
Free cash flow: USD −1.58B

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Net incomeNet income · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 38.35M
Share repurchases: USD 105.00M
Net shareholder return: USD 143.35M

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?