Integer Holdings Corp key statistics and ratios

In fiscal 2025, Integer Holdings Corp had return on equity of 6.1%, an operating margin of 11.9%, debt equal to 69.1% of equity and a current ratio of 3.32. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Integer Holdings Corp: financial ratios, annual
Fiscal year	2009Jan 2010	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Jan 2014	2014Jan 2015	2015Jan 2016	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMOct 2026
Gross margin	31.9%	32.5%	31.7%	31.2%	33.0%	33.6%	29.4%	31.4%	31.2%	29.8%	28.2%	26.6%	27.6%	26.0%	26.3%	26.7%	27.0%	24.6%
Operating margin	0.2%	12.9%	10.8%	4.0%	9.2%	11.0%	1.6%	8.6%	11.1%	12.8%	12.5%	11.2%	11.1%	8.5%	10.5%	12.1%	11.9%	8.2%
Net margin	−1.7%	6.2%	5.8%	−0.7%	5.5%	8.1%	−0.9%	0.6%	5.9%	13.8%	7.7%	7.2%	7.9%	5.0%	5.8%	7.0%	5.5%	5.7%
Free-cash-flow margin	10.0%	11.4%	11.9%	3.7%	5.7%	8.2%	−4.0%	4.4%	9.0%	10.1%	9.3%	12.5%	8.5%	3.1%	3.9%	5.8%	5.7%	4.5%
Return on equity	−2.4%	8.2%	7.4%	−1.0%	7.1%	9.6%	−1.0%	0.8%	8.2%	17.2%	8.7%	6.4%	7.4%	4.8%	6.2%	7.6%	6.1%	6.0%
Return on assets	—	4.3%	4.0%	−0.5%	4.1%	6.0%	−0.4%	0.2%	2.3%	6.5%	4.1%	3.3%	3.9%	2.5%	3.2%	4.0%	3.2%	3.0%
Asset turnover	—	0.69	0.69	0.73	0.75	0.75	0.41	0.37	0.40	0.47	0.54	0.45	0.49	0.50	0.54	0.57	0.57	0.54
Current ratio	—	3.49	2.82	2.92	3.08	3.23	2.69	2.79	2.54	2.53	2.32	2.64	2.84	2.50	2.80	2.95	3.32	3.98
Debt to equity	0.0%	51.7%	50.5%	46.9%	36.4%	30.4%	206.9%	238.6%	180.1%	87.3%	70.7%	57.5%	61.1%	65.7%	64.1%	61.8%	69.1%	71.7%
Interest cover (operating income ÷ interest)	0.1x	3.7x	3.6x	1.4x	5.4x	17.8x	0.4x	1.4x	2.0x	1.6x	3.0x	3.2x	4.3x	2.9x	3.1x	3.7x	5.1x	3.9x
Effective tax rate	—	32.8%	31.6%	—	25.7%	27.6%	—	11.7%	—	23.0%	13.3%	10.4%	8.0%	13.0%	15.4%	18.0%	18.0%	3.9%
R&D as % of revenue	6.4%	8.4%	8.0%	8.1%	8.1%	7.2%	6.6%	4.5%	4.3%	4.0%	3.7%	4.5%	4.3%	4.5%	4.0%	3.1%	2.7%	2.8%
SG&A as % of revenue	13.5%	12.1%	12.8%	12.5%	13.3%	13.2%	12.8%	12.7%	12.6%	11.7%	11.0%	10.2%	11.6%	11.9%	11.1%	10.8%	11.4%	12.5%
Capital spending as % of revenue	3.8%	3.0%	4.0%	6.4%	2.8%	3.6%	5.6%	5.5%	4.2%	3.7%	3.8%	4.4%	4.4%	5.6%	7.7%	6.1%	4.9%	5.2%
Free cash flow ÷ net income	—	183.3%	203.6%	—	104.5%	101.8%	—	786.8%	153.1%	72.9%	121.6%	174.1%	106.6%	62.8%	66.5%	83.3%	102.2%	78.9%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0%	0.0%	47.6%	122.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Integer Holdings Corp: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Apr 2026	2026 Q2Jul 2026	2026 Q3Oct 2026
Gross margin	26.0%	27.5%	27.1%	27.0%	26.4%	24.9%	24.3%	22.6%
Operating margin	12.7%	11.3%	12.5%	12.1%	11.8%	7.2%	7.4%	6.3%
Net margin	7.3%	−5.1%	7.8%	8.5%	10.3%	3.8%	5.1%	3.3%
Free-cash-flow margin	9.8%	1.4%	5.2%	9.9%	5.9%	0.2%	8.0%	3.6%
Current ratio	2.95	3.40	3.41	3.71	3.32	3.75	3.73	3.98
Debt to equity	61.2%	76.9%	70.6%	68.4%	67.9%	73.8%	72.0%	70.6%
R&D as % of revenue	2.4%	3.2%	3.0%	2.3%	2.1%	3.7%	2.4%	3.0%
SG&A as % of revenue	10.6%	11.7%	11.1%	10.8%	12.1%	13.4%	12.4%	12.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 7 checks passed · October 2, 2026

What it owns · $3.4bn

Short-term assets $801mLonger-term assets $2.6bn

What it owes, and who funded it · $3.4bn

Short-term liabilities $201mLonger-term liabilities $1.5bnShareholders' equity $1.7bn

Short-term assets cover short-term liabilities $801m of assets due within a year against $201m of liabilities due within a year.
Short-term assets cover long-term liabilities $801m short-term assets against $1.5bn of longer-dated liabilities.
More cash than debt $14m of cash against $1.2bn of debt.
Debt below 40% of shareholders' equity Debt is 71% of equity.
Debt burden no higher than five years ago Debt to equity moved from 60% to 71% over five years.
A year's operating cash flow covers at least 20% of debt $176m of operating cash flow against $1.2bn of debt.
Operating profit covers interest at least five times over Operating income of $151m against $39m of interest.

From Integer Holdings Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

60 /100

Moderate moat

How hard Integer Holdings's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 9 / 20

Cash operating profit has been a median 7.6% of total assets over 10 years.
Pricing power 10 / 20

Gross margin has been a median 27.0%, moving by 1.9 percentage points (standard deviation) across 10 years.
Durability 12 / 20

Operating margin has been a median 10.8%; its worst year was 8.2%.
Cash conversion 14 / 20

Free cash flow was positive in 10 of 10 years, at a median 7.7% of revenue.
Discipline 15 / 20

The diluted share count rose 5.6% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Integer Holdings Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Integer Holdings Corp.