Integer Operating Income vs Net Income Analysis

ITGR Stock

USD 138.11 2.23 1.64%

Integer Holdings financial indicator trend analysis is infinitely more than just investigating Integer Holdings Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Integer Holdings Corp is a good investment. Please check the relationship between Integer Holdings Operating Income and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integer Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Integer Holdings Corp Operating Income account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Integer Holdings' Operating Income and Net Income is 0.84. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Integer Holdings Corp, assuming nothing else is changed. The correlation between historical values of Integer Holdings' Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Integer Holdings Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Integer Holdings' Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Integer Holdings Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Integer Holdings Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Integer Holdings Corp financial statement analysis. It represents the amount of money remaining after all of Integer Holdings Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Integer Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Integer Holdings Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integer Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Integer Holdings' Tax Provision is relatively stable compared to the past year. As of 11/25/2024, Enterprise Value Over EBITDA is likely to grow to 15.47, while Discontinued Operations is likely to drop slightly above 1.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	337.0M	359.0M	418.3M	226.6M
Total Revenue	1.2B	1.4B	1.6B	1.7B

Gross Profit Total Revenue

Integer Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.9	0.26	0.96	0.69	0.78	0.41	0.91	0.46	0.68	0.21	0.92	0.57	0.2	0.76	0.9	0.83	0.92	0.92	0.71	0.95	0.93	0.42	0.94	0.66	0.9
Short Long Term Debt Total	0.9		-0.08	0.84	0.4	0.67	0.68	1.0	0.13	0.56	0.35	0.84	0.37	0.34	0.59	0.67	0.58	1.0	0.88	0.5	0.74	1.0	0.29	0.82	0.53	0.67
Other Current Liab	0.26	-0.08		0.33	0.55	0.28	-0.62	-0.05	0.6	0.35	-0.54	0.24	0.23	-0.54	0.4	0.51	0.51	-0.04	0.21	0.38	0.44	-0.01	0.36	0.27	0.19	0.51
Total Current Liabilities	0.96	0.84	0.33		0.68	0.77	0.44	0.84	0.48	0.74	0.27	0.87	0.48	0.26	0.78	0.91	0.84	0.86	0.96	0.76	0.93	0.88	0.43	0.98	0.56	0.92
Total Stockholder Equity	0.69	0.4	0.55	0.68		0.86	-0.14	0.41	0.95	0.84	-0.07	0.82	0.65	-0.05	0.93	0.85	0.82	0.43	0.56	0.65	0.79	0.45	0.77	0.68	0.43	0.83
Property Plant And Equipment Net	0.78	0.67	0.28	0.77	0.86		0.24	0.68	0.76	0.96	0.12	0.92	0.58	0.15	0.97	0.8	0.7	0.68	0.73	0.66	0.73	0.7	0.86	0.79	0.27	0.78
Current Deferred Revenue	0.41	0.68	-0.62	0.44	-0.14	0.24		0.66	-0.35	0.19	0.78	0.33	-0.05	0.77	0.13	0.18	0.1	0.66	0.58	0.19	0.2	0.65	-0.06	0.48	0.09	0.18
Net Debt	0.91	1.0	-0.05	0.84	0.41	0.68	0.66		0.14	0.56	0.31	0.84	0.38	0.31	0.59	0.67	0.58	1.0	0.87	0.5	0.75	1.0	0.29	0.82	0.54	0.68
Retained Earnings	0.46	0.13	0.6	0.48	0.95	0.76	-0.35	0.14		0.78	-0.2	0.63	0.6	-0.17	0.84	0.68	0.64	0.16	0.34	0.57	0.59	0.19	0.8	0.48	0.21	0.65
Accounts Payable	0.68	0.56	0.35	0.74	0.84	0.96	0.19	0.56	0.78		0.1	0.83	0.51	0.13	0.97	0.76	0.67	0.56	0.71	0.71	0.66	0.59	0.86	0.77	0.1	0.74
Cash	0.21	0.35	-0.54	0.27	-0.07	0.12	0.78	0.31	-0.2	0.1		0.16	-0.12	1.0	0.05	0.15	0.09	0.34	0.41	0.13	0.12	0.34	-0.04	0.37	0.08	0.15
Non Current Assets Total	0.92	0.84	0.24	0.87	0.82	0.92	0.33	0.84	0.63	0.83	0.16		0.58	0.17	0.9	0.87	0.79	0.85	0.82	0.62	0.88	0.86	0.65	0.84	0.57	0.85
Non Currrent Assets Other	0.57	0.37	0.23	0.48	0.65	0.58	-0.05	0.38	0.6	0.51	-0.12	0.58		-0.12	0.61	0.56	0.6	0.39	0.35	0.63	0.61	0.4	0.35	0.5	0.42	0.56
Cash And Short Term Investments	0.2	0.34	-0.54	0.26	-0.05	0.15	0.77	0.31	-0.17	0.13	1.0	0.17	-0.12		0.07	0.15	0.09	0.34	0.41	0.13	0.11	0.33	0.0	0.36	0.07	0.15
Net Receivables	0.76	0.59	0.4	0.78	0.93	0.97	0.13	0.59	0.84	0.97	0.05	0.9	0.61	0.07		0.85	0.79	0.6	0.71	0.72	0.78	0.63	0.83	0.79	0.3	0.83
Common Stock Total Equity	0.9	0.67	0.51	0.91	0.85	0.8	0.18	0.67	0.68	0.76	0.15	0.87	0.56	0.15	0.85		0.96	0.7	0.86	0.78	0.96	0.72	0.56	0.91	0.6	1.0
Common Stock Shares Outstanding	0.83	0.58	0.51	0.84	0.82	0.7	0.1	0.58	0.64	0.67	0.09	0.79	0.6	0.09	0.79	0.96		0.61	0.77	0.73	0.95	0.64	0.43	0.83	0.67	0.96
Non Current Liabilities Total	0.92	1.0	-0.04	0.86	0.43	0.68	0.66	1.0	0.16	0.56	0.34	0.85	0.39	0.34	0.6	0.7	0.61		0.89	0.52	0.77	1.0	0.3	0.83	0.56	0.7
Inventory	0.92	0.88	0.21	0.96	0.56	0.73	0.58	0.87	0.34	0.71	0.41	0.82	0.35	0.41	0.71	0.86	0.77	0.89		0.72	0.85	0.91	0.41	0.97	0.45	0.86
Other Current Assets	0.71	0.5	0.38	0.76	0.65	0.66	0.19	0.5	0.57	0.71	0.13	0.62	0.63	0.13	0.72	0.78	0.73	0.52	0.72		0.73	0.55	0.46	0.82	0.25	0.78
Other Stockholder Equity	0.95	0.74	0.44	0.93	0.79	0.73	0.2	0.75	0.59	0.66	0.12	0.88	0.61	0.11	0.78	0.96	0.95	0.77	0.85	0.73		0.79	0.4	0.9	0.75	0.97
Total Liab	0.93	1.0	-0.01	0.88	0.45	0.7	0.65	1.0	0.19	0.59	0.34	0.86	0.4	0.33	0.63	0.72	0.64	1.0	0.91	0.55	0.79		0.31	0.86	0.57	0.73
Property Plant And Equipment Gross	0.42	0.29	0.36	0.43	0.77	0.86	-0.06	0.29	0.8	0.86	-0.04	0.65	0.35	0.0	0.83	0.56	0.43	0.3	0.41	0.46	0.4	0.31		0.47	-0.11	0.52
Total Current Assets	0.94	0.82	0.27	0.98	0.68	0.79	0.48	0.82	0.48	0.77	0.37	0.84	0.5	0.36	0.79	0.91	0.83	0.83	0.97	0.82	0.9	0.86	0.47		0.47	0.92
Short Term Debt	0.66	0.53	0.19	0.56	0.43	0.27	0.09	0.54	0.21	0.1	0.08	0.57	0.42	0.07	0.3	0.6	0.67	0.56	0.45	0.25	0.75	0.57	-0.11	0.47		0.61
Common Stock	0.9	0.67	0.51	0.92	0.83	0.78	0.18	0.68	0.65	0.74	0.15	0.85	0.56	0.15	0.83	1.0	0.96	0.7	0.86	0.78	0.97	0.73	0.52	0.92	0.61

Click cells to compare fundamentals

Integer Holdings Account Relationship Matchups

Integer Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4B	2.4B	2.6B	2.8B	2.9B	1.5B
Short Long Term Debt Total	859.4M	777.6M	897.8M	1.0B	1.1B	595.6M
Other Current Liab	67.1M	45.9M	42.7M	66.8M	80.1M	40.3M
Total Current Liabilities	179.1M	156.2M	159.6M	223.8M	221.0M	117.9M
Total Stockholder Equity	1.2B	1.3B	1.4B	1.4B	1.5B	1.6B
Property Plant And Equipment Net	288.6M	299.1M	347.2M	400.9M	501.4M	526.5M
Current Deferred Revenue	2.0M	2.5M	3.8M	5.6M	6.1M	5.8M
Net Debt	845.9M	728.3M	879.9M	983.4M	1.0B	551.7M
Retained Earnings	440.3M	517.5M	614.3M	680.7M	771.4M	809.9M
Accounts Payable	65.0M	51.6M	76.9M	110.8M	120.3M	126.3M
Cash	13.5M	49.2M	17.9M	24.3M	23.7M	31.9M
Non Current Assets Total	1.9B	2.0B	2.1B	2.2B	2.3B	2.4B
Non Currrent Assets Other	7.0M	11.5M	22.0M	13.0M	10.6M	9.3M
Cash And Short Term Investments	13.5M	49.2M	17.9M	24.3M	23.7M	37.0M
Net Receivables	216.8M	198.5M	251.8M	298.3M	326.1M	342.5M
Common Stock Shares Outstanding	33.0M	33.1M	33.3M	33.4M	33.8M	28.2M
Liabilities And Stockholders Equity	2.4B	2.4B	2.6B	2.8B	2.9B	1.5B
Non Current Liabilities Total	1.0B	944.6M	1.1B	1.2B	1.2B	685.2M
Inventory	167.3M	149.3M	155.7M	208.8M	239.7M	128.9M
Other Current Assets	17.9M	15.9M	27.6M	27.0M	28.1M	15.8M
Other Stockholder Equity	692.2M	700.8M	713.2M	731.4M	727.4M	447.3M
Total Liab	1.2B	1.1B	1.2B	1.4B	1.4B	803.1M
Property Plant And Equipment Gross	288.6M	299.1M	347.2M	400.9M	980.1M	1.0B
Total Current Assets	415.4M	412.9M	453.0M	558.3M	617.7M	332.9M
Short Term Debt	45.0M	54.4M	35.6M	29.6M	10.6M	10.1M
Other Assets	11.5M	88.3M	49.6M	17.4M	1.0	0.95
Long Term Debt	777.3M	693.8M	812.9M	907.1M	959.9M	584.9M
Good Will	839.6M	859.4M	924.7M	982.2M	1.0B	541.2M
Accumulated Other Comprehensive Income	20.0M	52.7M	27.2M	5.3M	20.2M	21.2M
Intangible Assets	775.8M	757.2M	807.8M	819.9M	783.1M	436.3M
Property Plant Equipment	246.2M	254.0M	347.2M	317.2M	364.8M	199.8M
Other Liab	204.3M	213.0M	195.2M	172.8M	198.7M	102.1M
Net Tangible Assets	(462.9M)	(345.6M)	(377.8M)	1.4B	1.6B	1.7B
Retained Earnings Total Equity	440.3M	517.5M	614.3M	680.7M	782.8M	821.9M
Long Term Debt Total	888.0M	777.3M	693.8M	812.9M	934.8M	897.0M
Capital Surpluse	701.0M	700.8M	713.2M	731.4M	841.1M	623.7M
Deferred Long Term Liab	203.9M	188.0M	182.3M	171.5M	197.2M	158.4M

Pair Trading with Integer Holdings

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Integer Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Integer Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Integer Stock

0.78

DOCS

Doximity

Pair Corr

Moving against Integer Stock

0.73	EVH	Evolent Health	Pair Corr
0.66	AMN	AMN Healthcare Services	Pair Corr
0.61	AGL	agilon health	Pair Corr
0.55	PHG	Koninklijke Philips	Pair Corr
0.43	FIGS	Figs Inc	Pair Corr

The ability to find closely correlated positions to Integer Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Integer Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Integer Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Integer Holdings Corp to buy it.

The correlation of Integer Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Integer Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Integer Holdings Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Integer Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Integer Stock Analysis

When running Integer Holdings' price analysis, check to measure Integer Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Integer Holdings is operating at the current time. Most of Integer Holdings' value examination focuses on studying past and present price action to predict the probability of Integer Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Integer Holdings' price. Additionally, you may evaluate how the addition of Integer Holdings to your portfolios can decrease your overall portfolio volatility.

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