Integer Holdings Corp. (ITGR) intrinsic value & 10-year financials
Integer Holdings Corp. (ITGR) has a Graham intrinsic value of $95.99 per share. At $126.70 on Oct 17, 2026, the stock trades 32% above that value. Over the last 10 fiscal years revenue grew 6.2% a year to $1.9B, with an average return on invested capital of 5.8%.
- Graham intrinsic value
- $95.99
- Share price (Oct 17, 2026)
- $126.70
- Price vs Graham value
- 32% above
- Market cap
- $4.5B
- Revenue (FY2025)
- $1.9B
- Revenue growth (10-yr CAGR)
- 6.2%
- ROIC (10-yr avg)
- 5.8%
- Free cash flow (FY2025)
- $105.1M
ITGR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.9B | $102.8M | $2.89 | $105.1M | 11.9% | 6.4% |
| FY2024 | $1.7B | $119.9M | $3.36 | $99.8M | 12.1% | 6.6% |
| FY2023 | $1.6B | $90.7M | $2.69 | $60.3M | 10.5% | 5.7% |
| FY2022 | $1.4B | $66.4M | $1.99 | $41.7M | 8.8% | 4.5% |
| FY2021 | $1.2B | $96.8M | $2.91 | $103.2M | 11.1% | 5.9% |
| FY2020 | $1.1B | $77.3M | $2.33 | $134.5M | 11.2% | 5.4% |
| FY2019 | $1.3B | $96.3M | $2.92 | $117.2M | 12.5% | 7.0% |
| FY2018 | $1.2B | $168.0M | $5.15 | $122.4M | 12.8% | 6.5% |
| FY2017 | $1.1B | $66.7M | $2.09 | $102.1M | 12.3% | 5.7% |
| FY2016 | $1.1B | $6.0M | $0.19 | $46.9M | 10.1% | 4.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Integer Holdings Corp has demonstrated mature, steady growth, with revenue compounding at 6.2% annually over the past decade.
Integer Holdings Corp has historically struggled to out-earn its cost of capital, averaging just 5.8% ROIC.
Integer Holdings Corp 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, Integer Holdings Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $95.99 per share.