NYSE : ADIG
ADI Global Distribution Inc. — Financial statements
Industrials · Industrial Distribution · United States
Last price 17.48 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.33B
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Financial statements
ADI Global Distribution Inc. (ADIG) reported revenue of 4.88B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 4.88B | 4.78B | 4.20B | 3.57B |
| Cost of Revenue | 3.81B | 3.72B | 3.34B | 2.90B |
| Gross Profit | 1.07B | 1.06B | 860.00M | 668.00M |
| Selling, General & Admin | 786.00M | 752.00M | 598.00M | 454.00M |
| Research & Development | 45.00M | 39.00M | 17.00M | |
| Amortization of Goodwill & Intangibles | 98.00M | 95.00M | 55.00M | 13.00M |
| Operating Expenses | 929.00M | 886.00M | 670.00M | 467.00M |
| Operating Income | 139.00M | 179.00M | 190.00M | 201.00M |
| Interest Expense | -71.00M | -50.00M | -39.00M | -32.00M |
| Interest & Investment Income | 7.00M | 8.00M | 15.00M | 18.00M |
| Currency Exchange Gain (Loss) | 3.00M | 3.00M | -3.00M | 9.00M |
| Other Non Operating Income (Expenses) | -5.00M | -365.00M | -80.00M | -71.00M |
| EBT Excluding Unusual Items | 73.00M | -225.00M | 83.00M | 125.00M |
| Merger & Restructuring Charges | -16.00M | -18.00M | -76.00M | -13.00M |
| Other Unusual Items | -13.00M | -7.00M | ||
| Pretax Income | 44.00M | -250.00M | 7.00M | 112.00M |
| Income Tax Expense | 2.00M | 11.00M | 25.00M | 50.00M |
| Net Income | 42.00M | -261.00M | -18.00M | 62.00M |
| Net Income to Common | 42.00M | -261.00M | -18.00M | 62.00M |
| Free Cash Flow | -689.00M | -576.00M | 60.00M | 76.00M |
| Gross Margin | 21.89% | 22.26% | 20.49% | 18.71% |
| Operating Margin | 2.85% | 3.74% | 4.53% | 5.63% |
| Profit Margin | 0.86% | -5.46% | -0.43% | 1.74% |
| Free Cash Flow Margin | -14.12% | -12.04% | 1.43% | 2.13% |
| EBITDA | 256.00M | 294.00M | 261.00M | 223.00M |
| EBITDA Margin | 5.25% | 6.14% | 6.22% | 6.25% |
| D&A For EBITDA | 117.00M | 115.00M | 71.00M | 22.00M |
| EBIT | 139.00M | 179.00M | 190.00M | 201.00M |
| EBIT Margin | 2.85% | 3.74% | 4.53% | 5.63% |
| Effective Tax Rate | 4.54% | 357.14% | 44.64% | |
| Advertising Expenses | 13.00M | 10.00M | 6.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 131.00M | 124.00M | 137.00M | |
| Cash & Short-Term Investments | 131.00M | 124.00M | 137.00M | |
| Receivables | 765.00M | 659.00M | 608.00M | |
| Inventory | 1.06B | 1.04B | 900.00M | |
| Other Current Assets | 169.00M | 154.00M | 121.00M | |
| Total Current Assets | 2.52B | 1.97B | 1.77B | |
| Property, Plant & Equipment | 332.00M | 343.00M | 261.00M | |
| Goodwill | 1.06B | 1.07B | 1.05B | |
| Other Intangible Assets | 706.00M | 744.00M | 810.00M | |
| Other Long-Term Assets | 16.00M | 13.00M | 17.00M | |
| Total Assets | 4.64B | 4.15B | 4.09B | |
| Accounts Payable | 695.00M | 717.00M | 656.00M | |
| Accrued Expenses | 136.00M | 140.00M | 137.00M | |
| Current Portion of Long-Term Debt | 4.00M | 7.00M | 2.00M | |
| Current Portion of Leases | 38.00M | 37.00M | 33.00M | |
| Current Unearned Revenue | 29.00M | 28.00M | 25.00M | |
| Other Current Liabilities | 68.00M | 241.00M | ||
| Total Current Liabilities | 902.00M | 997.00M | 1.09B | |
| Long-Term Debt | 1.01B | 1.19B | 475.00M | |
| Long-Term Leases | 198.00M | 209.00M | 140.00M | |
| Long-Term Unearned Revenue | 11.00M | 11.00M | 12.00M | |
| Long-Term Deferred Tax Liabilities | 60.00M | 60.00M | 64.00M | |
| Other Long-Term Liabilities | 5.00M | 6.00M | 222.00M | |
| Total Liabilities | 2.18B | 2.47B | 2.01B | |
| Common Stock | 2.50B | 1.73B | 2.16B | |
| Comprehensive Income & Other | -50.00M | -42.00M | -70.00M | |
| Shareholders' Equity | 2.46B | 1.68B | 2.09B | |
| Total Liabilities & Equity | 4.64B | 4.15B | 4.09B | |
| Total Debt | 1.25B | 1.44B | 650.00M | |
| Net Cash (Debt) | -1.12B | -1.31B | -513.00M | |
| Working Capital | 1.62B | 976.00M | 672.00M | |
| Tangible Book Value | 686.00M | -126.00M | 223.00M | |
| Buildings | 121.00M | 116.00M | ||
| Machinery | 58.00M | 51.00M | ||
| Construction In Progress | 28.00M | 12.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 42.00M | -261.00M | -18.00M | 62.00M |
| Depreciation & Amortization | 157.00M | 152.00M | 97.00M | 41.00M |
| Asset Writedown & Restructuring Costs | 11.00M | 9.00M | 22.00M | 13.00M |
| Stock-Based Compensation | 25.00M | 25.00M | 23.00M | 15.00M |
| Other Operating Activities | 3.00M | -10.00M | 4.00M | |
| Change in Accounts Receivable | -39.00M | -38.00M | -32.00M | 11.00M |
| Change in Inventory | -149.00M | -119.00M | -120.00M | -47.00M |
| Change in Accounts Payable | -10.00M | 44.00M | 117.00M | 38.00M |
| Change in Other Net Operating Assets | -670.00M | -334.00M | 6.00M | -34.00M |
| Operating Cash Flow | -630.00M | -522.00M | 85.00M | 103.00M |
| Capital Expenditures | -59.00M | -54.00M | -25.00M | -27.00M |
| Other Investing Activities | 1.00M | -14.00M | -93.00M | 12.00M |
| Investing Cash Flow | -58.00M | -68.00M | -118.00M | -15.00M |
| Short-Term Debt Issued | 8.00M | 44.00M | ||
| Total Debt Issued | 420.00M | 8.00M | 44.00M | |
| Short-Term Debt Repaid | -52.00M | |||
| Total Debt Repaid | -65.00M | -52.00M | ||
| Net Debt Issued (Repaid) | 355.00M | 8.00M | -52.00M | 44.00M |
| Other Financing Activities | 743.00M | 562.00M | 109.00M | -86.00M |
| Financing Cash Flow | 1.10B | 570.00M | 57.00M | -42.00M |
| Foreign Exchange Rate Adjustments | -3.00M | 7.00M | -6.00M | 4.00M |
| Net Cash Flow | 407.00M | -13.00M | 18.00M | 50.00M |
| Free Cash Flow | -689.00M | -576.00M | 60.00M | 76.00M |
| Free Cash Flow Margin | -14.12% | -12.04% | 1.43% | 2.13% |
| Levered Free Cash Flow | -120.38M | |||
| Unlevered Free Cash Flow | -89.12M | |||
| Cash Income Tax Paid | 9.00M | 11.00M | 13.00M | 11.00M |
| Change in Working Capital | -868.00M | -447.00M | -29.00M | -32.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Debt / Equity Ratio | 0.51 | 0.85 | 0.31 | |
| Debt / EBITDA Ratio | 3.74 | 4.89 | 2.49 | |
| Debt / FCF Ratio | 10.83 | |||
| Net Debt / Equity Ratio | 0.46 | 0.78 | 0.25 | |
| Net Debt / EBITDA Ratio | 4.36 | 4.47 | 1.97 | |
| Net Debt / FCF Ratio | -1.62 | -2.28 | 8.55 | |
| Asset Turnover | 1.16 | |||
| Inventory Turnover | 3.84 | |||
| Quick Ratio | 0.98 | 0.79 | 0.68 | |
| Current Ratio | 2.80 | 1.98 | 1.61 | |
| Return on Equity (ROE) | -13.84% | |||
| Return on Assets (ROA) | 2.71% | |||
| Return on Invested Capital (ROIC) | 3.96% | 6.39% | -18.78% | |
| Return on Capital Employed (ROCE) | 3.70% | 5.70% | 6.30% |