InfuSystem Holdings, Inc. (INFU) intrinsic value & 10-year financials
InfuSystem Holdings, Inc. (INFU) has a Graham intrinsic value of $10.30 per share. At $13.40 on Oct 17, 2026, the stock trades 30% above that value. Over the last 10 fiscal years revenue grew 8.2% a year to $143.4M, with an average return on invested capital of 3.5%.
- Graham intrinsic value
- $10.30
- Share price (Oct 17, 2026)
- $13.40
- Price vs Graham value
- 30% above
- Market cap
- $282.7M
- Revenue (FY2025)
- $143.4M
- Revenue growth (10-yr CAGR)
- 8.2%
- ROIC (10-yr avg)
- 3.5%
- Free cash flow (FY2025)
- $23.8M
INFU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $143.4M | $6.6M | $0.31 | $23.8M | 8.3% | 9.1% |
| FY2024 | $134.9M | $2.3M | $0.11 | $19.4M | 5.1% | 4.0% |
| FY2023 | $125.8M | $872.0K | $0.04 | $10.2M | 3.2% | 2.4% |
| FY2022 | $109.9M | $18.0K | $0.00 | $16.5M | 1.5% | 1.0% |
| FY2021 | $102.4M | $1.4M | $0.06 | $17.3M | 2.8% | 3.6% |
| FY2020 | $97.4M | $17.3M | $0.80 | $19.2M | 9.1% | 12.9% |
| FY2019 | $81.1M | $1.4M | $0.07 | $10.9M | 4.3% | 5.6% |
| FY2018 | $10.6M | -$1.1M | -$0.05 | $11.1M | 3.9% | 0.8% |
| FY2017 | $10.0M | -$20.7M | -$0.91 | $7.5M | -38.2% | -5.6% |
| FY2016 | $70.5M | -$222.0K | -$0.01 | $7.7M | 1.4% | 0.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
InfuSystem Holdings, Inc is a consistent compounder, expanding top-line revenue at 8.2% annually over the past decade.
InfuSystem Holdings, Inc has historically struggled to out-earn its cost of capital, averaging just 3.4% ROIC.
InfuSystem Holdings, Inc has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, InfuSystem Holdings, Inc is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.30 per share.