Integer Holdings Corporation

ITGR

$125.50

+0.15%

2026-09-03 16:00:03 EDT+$0.19

Healthcare

Medical - Devices

NYSE

Active Trading

Integer Holdings Corporation functions as a global leader in outsourced medical device manufacturing, maintaining operations across the United States, Puerto Rico, Costa ...

Price Action of ITGR

$125.50

+0.15%+$0.19

High—

Low—

52W High-0.5%

Rel. vol—

Interval

Range6.3h

Volume—SMA5SMA10

—

Integer Holdings Corporation (NYSE: ITGR) is one of the world's largest medical device contract development and manufacturing organizations (CDMOs), with operations across the United States, Puerto Rico, Costa Rica, and other international regions. Founded in 1970 by Wilson Greatbatch, the inventor of the implantable pacemaker, the company has evolved into ...Integer Holdings Corporation (NYSE: ITGR) is one of the world's largest medical device contract development and manufacturing organizations (CDMOs), with operations across the United States, Puerto Rico, Costa Rica, and other international regions. Founded in 1970 by Wilson Greatbatch, the inventor of the implantable pacemaker, the company has evolved into a comprehensive partner for medical device innovation and outsourcing. Integer's Medical segment offers a broad array of products including cardiac rhythm management devices like pacemakers, defibrillators, and leads; neuromodulation devices such as spinal cord stimulators; and a wide range of surgical instruments for arthroscopic, laparoscopic, and orthopedic procedures. The company also produces critical components like non-rechargeable batteries, feedthroughs, device enclosures, and precision-machined parts. The Non-Medical segment focuses on customized battery power systems for energy, military, and environmental sectors. Integer primarily collaborates with multinational original equipment manufacturers (OEMs), supporting diverse markets from cardiac to portable medical applications. Financially, Integer has a market cap of approximately $4.25 billion, with revenue per share of $54.14 and a net profit margin of 7%. The company employs over 11,000 people worldwide. Under the leadership of CEO Payman Khales, who assumed the role in October 2025, Integer continues to deliver innovative, cost-effective solutions, maintaining a strong focus on operational excellence and strategic growth. The company's extensive history of 80 years of industry-changing innovations underscores its commitment to enhancing patient lives through high-quality medical technologies.ExpandCollapse

Founded

1970

Employees

11000

CEO

Payman Khales

Full Name

Integer Holdings Corporation

Sector

Healthcare

Industry

Medical - Devices

ROE

7.43%

Market Cap

$4.26B

Current Ratio

3.73

WACC

6.60%

ROIC

5.21%

Contact Information

https://www.integer.net

214 618 5243

5830 Granite Parkway, Plano, TX 75024

Key Metrics of ITGR

Snapshot

Latest / TTM · 6 periods

Market Cap

$4.26B

ROCE

5.4%

EV / EBITDA

17.90x

-1.1% YoY

FCF Yield

2.6%

-1.2% YoY

Cash Conversion Cycle

113.0d

Current Ratio

3.73

Quick take

TTM —

Positive CCC

Financial Highlights of ITGR

Profitability trend

Latest / TTM · 6 periods

Gross Margin

23.7%

Net Margin

7.0%

P/E Ratio

34.01x

n/a

Debt / Equity

0.79

n/a

Current Ratio

3.73

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of ITGR

Upcoming

Oct 3, 2026In 29 days
Q4 2026 · Estimated results
Est. EPS $1.68 · Revenue $456.91M · 6 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $6.15 · Revenue $1.82B · 6 analysts
Jan 3, 2027
Q1 2027 · Estimated results
Est. EPS $1.78 · Revenue $465.79M · 6 analysts
Apr 3, 2027
Q2 2027 · Estimated results
Est. EPS $1.55 · Revenue $463.23M · 2 analysts

Recent history

Aug 4, 2026
Q2 FY2026 · Results reported
EPS $0.69 · Revenue $464.11M
View filing
Apr 30, 2026
Q1 FY2026 · Results reported
EPS $0.48 · Revenue $439.58M
View filing
Feb 23, 2026
FY2025 · Annual results
EPS $2.89 · Revenue $1.85B
View filing
Oct 23, 2025
Q3 FY2025 · Results reported
EPS $1.11 · Revenue $466.57M
View filing
Jul 24, 2025
Q2 FY2025 · Results reported
EPS $1.04 · Revenue $472.83M
View filing
Apr 24, 2025
Q1 FY2025 · Results reported
EPS $-0.66 · Revenue $436.17M
View filing

Financial Statements of ITGR

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.8B	+7.6%	+5.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$102.8M	-14.3%	+43.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+23.1%	-14.2%	-2.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+11.3%	-6.6%	-7.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+5.6%	-20.3%	+35.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$105.1M	+5.3%	+4926.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+5.7%	-2.1%	+4660.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	80.1%	+17.6%	-2.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	3.32x	+12.3%	-0.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$3.4B	+10.8%	+0.3%

Actual vs Estimate

A Dec 31Q Jul 3

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	2.89 vs 6.34	-54.4%	0.69 vs 1.38	-50.0%
Revenue Surprise	$1.8B vs $1.8B	+0.1%	$464.1M vs $451.1M	+2.9%

Insider Transactions of ITGR

Acquisitions (A)

Since May 20, 2026

Disposals (D)

Since May 20, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 6, 2026	Metcalf Milo Stephen II	officer	—	—	0	—
Jul 6, 2026	Metcalf Milo Stephen II	officer: US - EVP, Operations	Restricted Stock Units	A	4,532	—
Jul 6, 2026	Metcalf Milo Stephen II	officer: US - EVP, Operations	Restricted Stock Units	A	892	—
Jun 30, 2026	Thor Kirk K	officer: Chief Human Resources Officer	Common Stock	A	6,120	—
Jun 30, 2026	Thor Kirk K	officer: Chief Human Resources Officer	Common Stock	D	2,409	$93.45

Earnings Call Transcript of ITGR

1 transcript segments

Q1 2026

Unknown Speaker

Operator: Good morning, and thank you for standing by. Welcome to Integer Holdings Corporation's First Quarter 2026 Earnings Call. My name is Kate, and I will be your conference operator today. [Operator Instructions] Please note, this call is being recorded. I would now like to turn the conference over to Kristen Stewart, Director of Investor Relations. Please go ahead. Kristen Stewart: Good morning, everyone. Thank you for joining us, and welcome to Integer's First Quarter 2026 Earnings Conference Call. With me today are Payman Khales, President and Chief Executive Officer; and Diron Smith, Executive Vice President and Chief Financial Officer. This morning, we issued a press release announcing our first quarter 2026 financial results. We have posted a presentation to accompany today's call on the Investor Relations page on our website at integer.net. On today's call, Payman will provide opening comments. Diron will then review our adjusted financial results for the first quarter of 2026 and our financial outlook. Payman will provide his closing remarks, and then we'll open the line for your questions. As a reminder, the results and data we discuss today reflect the consolidated results of Integer for the periods indicated. During our call, we will discuss some non-GAAP financial measures. For reconciliations of non-GAAP financial measures, please refer to the appendix of today's presentation, today's earnings press release and the trending schedules, which are available on our website at integer.net. Please note that today's presentation includes forward-looking statements. Please refer to the company's SEC filings for a discussion of the risk factors that could cause our actual results to differ materially. With that, I will turn the call over to Payman. Payman Khales: Thank you, Kristen, and thank you to everyone for joining the call today. This morning, we announced our first quarter financial results, which were in line with our February outlook. Sales were up 0.5% on a reported basis versus last year. As expected, our first quarter sales performance primarily reflected the decline associated with the 3 new products, which we first discussed last October as well as the exit of our portable medical business. On an organic basis, sales grew 1.3% versus the prior year. Our adjusted operating income declined 230 basis points, driven primarily by lower fixed cost absorption. This was at the midpoint of our prior outlook commentary. Adjusted earnings per share totaled $1.20, benefiting from lower interest expense, offset by the decline in adjusted operating income. We also announced this morning that we were updating our 2026 outlook ranges to reflect the recent customer forecast updates and further risk adjustments we have made. We now expect reported sales to be in the range of down 1% to 3% compared to the prior year. On an organic basis, we expect sales to be flat to down 1%. We continue to expect a 3% to 4% headwind from the 3 new products. …

Leadership Team of ITGR

12 executives

Name	Title	Compensation	Gender	Year Born	Status
Payman Khales	Chief Executive Officer, President & Director	USD 1,061,982	Male	1970	Active
Andrew Senn	President of Growth & Innovation	USD 907,965	Male	1982	Active
Diron Smith	Executive Vice President & Chief Financial Officer	USD 844,106	Male	1973	Active
John Harris	President of Global Operations & Manufacturing Technology	USD 822,685	Male	1960	Active
Kirk K. Thor	Executive Vice President & Chief Human Resources Officer	USD 791,644	Male	1964	Active
Jim Stephens	Executive Vice President of Special Projects	USD 742,776	Male	1974	Active
Lindsay Krause Blackwood	Senior Vice President, General Counsel, Chief Ethics & Compliance Officer and Corporate Secretary	USD 619,041	Female	1977	Active
Sanjiv Arora	Senior Vice President of Strategy, Business Development and Investor Relations	—	Male	1966	Active
Tony Carr	Executive Vice President of Global Quality & Regulatory Affairs	—	Male	1979	Active
Tom Thomas	Vice President, Corporate Controller & Principal Accounting Officer	—	Male	1971	Active
Carol Russell	Vice President & Chief Information Officer	—	Female	—	Active
Kristen Marie Stewart	Director of Investor Relations	—	Female	—	Active

Recent News of ITGR

Zacks Investment Research8/10/2026Neutral

Integer Holdings Q2 Earnings & Revenues Top Estimates, Margins Decline

ITGR beats Q2 earnings and revenue estimates, but sales and margins decrease as product headwinds persist ahead of its $5.7B KKR deal.

Defense World8/9/2026Neutral

Integer Holdings Corporation $ITGR Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its position in Integer Holdings Corporation (NYSE: ITGR) by 22.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,792 shares of the medical equipment provider's stock after buying an additional 7,356 shares during the period. California

PRNewsWire8/7/2026Neutral

Are BZH, DV, ITGR Obtaining Fair Deals for their Shareholders?

/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws

GuruFocus8/7/2026Neutral

Integer Holdings Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Integer Holdings Corporation - ITGR

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of [url="]Kahn Swick and Foti[/url], LLC (âKSFâ) are investigating the propos

Business Wire8/7/2026Neutral

Integer Holdings Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Integer Holdings Corporation - ITGR

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Integer Holdings Corporation (NYSE: ITGR) to KKR. Under the terms of the proposed transaction, shareholders of Integer will receive $127.00 in cash for each share of Integer that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether.

Historical Employee Count of ITGR

Current

11,000

Change

+0.00%

Minimum

9,000

Maximum

11,000

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	11,000	10-K	Feb 23, 2026	View
Dec 31, 2024	11,000	10-K	Feb 20, 2025	View
Dec 31, 2023	10,500	10-K	Feb 20, 2024	View
Dec 31, 2022	10,000	10-K	Feb 21, 2023	View
Dec 31, 2021	9,000	10-K	Feb 22, 2022	View

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Integer Holdings Corporation