Integer Holdings Corp logo

Integer Holdings Corp(ITGR)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
3-STAR RATING
REGULAR BUY
BUY for 89 days
PROFIT SINCE LAST BUY
+38.09% ▲
LAST CLOSE
$126.34
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for ITGR

09/25/2026: ITGR (3-star) is a STRONG-BUY. BUY for 89 days. Simulated Profits (38.09%). Updated daily EoD!

Integer Holdings Corp is a key provider of specialized components and manufacturing services for the medical device industry, focusing on cardiac, neuromodulation, and vascular technologies. Its core strength lies in its material science expertise and its role as a strategic partner to large medical OEMs, which creates reliable barriers to entry. The company's growth story is centered on the ongoing trend of medical device companies outsourcing manufacturing to focus on their own R&D. Key risks include heavy dependence on a few major customers and potential competitive pressures from lower-cost providers. As a non-dividend-paying stock, it is primarily suited for growth-oriented investors who should monitor OEM outsourcing trends and acquisition integration performance.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company benefits from long-term secular growth trends in the outsourced medical device market.
Momentum investorMixed fitThe stock tends to trend with positive broader medical device market sentiment, conditional on strong earnings reports.
Value investorMixed fitValuation is often tied to growth expectations rather than traditional deep-value metrics.
Dividend investorWeak fitThe company does not pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitStock price volatility and sector-specific risks make it better suited for investors with a higher risk tolerance.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock is susceptible to fluctuations based on sector sentiment and broader market conditions.
Valuation riskMediumGrowth expectations are built into the current price, requiring consistent execution to maintain multiples.
Competition risk (OEM in-sourcing)MediumThe threat of large medical OEMs taking manufacturing back in-house remains a structural industry risk.
Business qualityStrongInteger provides mission-critical components, establishing strong switching costs for its customers.
Dividend incomeLow / noneIncome-seeking investors will not find current yield-based returns.
Execution riskMediumOngoing integration of acquisitions and operational efficiency goals requires high management discipline.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 64.77%
Avg. Invested days 66
Today’s Advisory Regular Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ITGR receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
ITGR has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 5.7%) is partially offset by negative earnings growth (-14.3%), moderate revenue growth (+7.6%), soft profitability (net margin 5.6%).

Financial Health Rating

★★★★★
ITGR's financial health is supported by solid cash strength, including free-cash-flow generation (5.7% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is ITGR's strongest growth driver at +7.6% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while earnings growth (-14.3%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 123.3% and approximately 99.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.02% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 15.61%
Vanguard Portfolio Management, LLC 6.02%
Amvescap Plc. 5.79%
Dimensional Fund Advisors, Inc. 4.79%
Nomura Holdings Inc 4.57%

Unit Economics (Per $1K Revenue)

★★★★★
ITGR generates approximately $231 of gross profit, $113 of operating income, and $57 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 18.00%

Quantitative Style Profile

★★★★★
ITGR has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.29B USD
Price to earnings Ratio 34.57
1Y Target Price 121.8
Price to earnings Ratio 34.57
1Y Target Price 121.8
Volume (30-day avg) 717.4K shares
Beta 0.61
52 Weeks Range 62.00 - 126.80
Updated Date 09/25/2026
52 Weeks Range 62.00 - 126.80
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) 3.65

How Company Makes Money

Business areaWhat it includesRetail investor read
Medical Product SalesComponents for cardiac, neuromodulation, and vascular devices.The company makes the 'guts' of many life-saving medical devices.
Non-Medical/EnergySpecialized batteries for military and energy sectors.A small but stable source of revenue leveraging similar battery technology.
GeographyGlobal operations with heavy manufacturing in the US, Mexico, and Ireland.The company has an international footprint designed to balance costs and regulatory reach.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 34.57
Forward PE 22.42
Enterprise Value 5.64B
Price to Sales(TTM) 2.33
Enterprise Value 5.64B
Price to Sales(TTM) 2.33
Enterprise Value to Revenue 3.06
Enterprise Value to EBITDA 18.39
Shares Outstanding 34.00M
Shares Floating 33.65M
Shares Outstanding 34.00M
Shares Floating 33.65M
Percent Insiders 1.02
Percent Institutions 123.35

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Integer Holdings Corp

Exchange NYSE
Headquarters Plano, TX, United States
IPO Launch date 2000-09-29
CEO, President & Director Mr. Payman Khales
Sector Healthcare
Industry Medical Devices
Full time employees 11000
Full time employees 11000

Integer Holdings Corporation operates as a medical device contract development and manufacturing company in the United States, Costa Rica, Puerto Rico, Ireland, and internationally. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures. It also provides cardiac rhythm management products, including implantable pacemakers, implantable cardioverter defibrillators, insertable cardiac monitors, implantable cardiac pacing and defibrillation leads, and heart failure therapies; implanted medical devices, implanted leads, procedure accessories, and external devices; neuromodulation products, such as implantable spinal cord stimulators; and non-rechargeable batteries, feedthroughs, device enclosures, machined components, and lead components and sub-assemblies. In addition, the company offers rechargeable batteries and chargers; orthopedics, minimally invasive surgery, and general surgery devices; and portable medical devices, including patient monitoring, ventilators, portable defibrillators, portable ultrasound, and X-Ray machines. Furthermore, the company provides medical technologies; supplies medical stamped components, and shallow and deep draw casings and assemblies; and epicardial pacing leads. It serves multi-national original equipment manufacturers and affiliated subsidiaries in the cardiac rhythm management, neuromodulation, orthopedics, cardio and vascular, and advanced surgical and portable medical markets. The company provides its products under the Greatbatch Medical and the Lake Region Medical brands. The company was formerly known as Greatbatch, Inc. and changed its name to Integer Holdings Corporation in July 2016. Integer Holdings Corporation was founded in 1970 and is headquartered in Plano, Texas.