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Ingram Micro vs TD Synnex: revenue, profit, margins and growth compared

Ingram Micro brought in $52.6B of revenue in fiscal 2025, TD Synnex $62.5B in fiscal 2025. Revenue changed by +9.5% at Ingram Micro and +6.9% at TD Synnex on the year before, so Ingram Micro grew faster. Ingram Micro kept 0.6% of its revenue as net profit, TD Synnex 1.3%. Free cash flow was $785.4M at Ingram Micro and $1.4B at TD Synnex.

Side by side, latest fiscal year

INGMSNX
Fiscal year endedFY2025 (December 27, 2025)FY2025 (November 30, 2025)
Revenue$52.6B$62.5B
Revenue growth+9.5%+6.9%
Net income$327.9M$827.7M
Net margin0.6%1.3%
Free cash flow$785.4M$1.4B
Free cash flow margin1.5%2.2%
Earnings per share (diluted)$1.39$9.95
Cash$1.9B$2.4B
Debt$3.2B$3.6B
Price to earnings19.426.4
Market value$6.2B$21B
Dividend yield1.14%0.67%
Rank by revenue in sector#15 of 530 · Technology#12 of 530 · Technology

Over the years

Revenue
INGM FY2022: $50.8BINGM FY2024: $48BINGM FY2024: $48BINGM FY2025: $52.6BSNX FY2018: $20.1BSNX FY2019: $19.1BSNX FY2020: $20BSNX FY2021: $31.6BSNX FY2022: $62.3BSNX FY2023: $57.6BSNX FY2024: $58.5BSNX FY2025: $62.5BFY18FY19FY20FY21FY22FY23FY24FY25
INGM $52.6BSNX $62.5B
Net income
INGM FY2022: $2.4BINGM FY2024: $352.7MINGM FY2024: $264.2MINGM FY2025: $327.9MSNX FY2018: $300MSNX FY2019: $500.7MSNX FY2020: $529.2MSNX FY2021: $395.1MSNX FY2022: $651.3MSNX FY2023: $626.9MSNX FY2024: $689.1MSNX FY2025: $827.7MFY18FY19FY20FY21FY22FY23FY24FY25
INGM $327.9MSNX $827.7M
Net margin
INGM FY2022: 4.7%INGM FY2024: 0.7%INGM FY2024: 0.6%INGM FY2025: 0.6%SNX FY2018: 1.5%SNX FY2019: 2.6%SNX FY2020: 2.6%SNX FY2021: 1.2%SNX FY2022: 1.0%SNX FY2023: 1.1%SNX FY2024: 1.2%SNX FY2025: 1.3%FY18FY19FY20FY21FY22FY23FY24FY25
INGM 0.6%SNX 1.3%
Revenue growth
INGM FY2024: -5.5%INGM FY2024: -0.1%INGM FY2025: +9.5%SNX FY2019: -4.9%SNX FY2020: +4.8%SNX FY2021: +58.3%SNX FY2022: +97.2%SNX FY2023: -7.7%SNX FY2024: +1.6%SNX FY2025: +6.9%FY19FY20FY21FY22FY23FY24FY25
INGM +9.5%SNX +6.9%
Free cash flow
INGM FY2022: -$496.9MINGM FY2024: -$142.7MINGM FY2024: $191.1MINGM FY2025: $785.4MSNX FY2018: -$24.6MSNX FY2019: $412.5MSNX FY2020: $1.8BSNX FY2021: $770.1MSNX FY2022: -$114.9MSNX FY2023: $1.3BSNX FY2024: $1BSNX FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
INGM $785.4MSNX $1.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Ingram Micro and TD Synnex

Which is bigger by revenue, Ingram Micro or TD Synnex?

TD Synnex is bigger by revenue: $62.5B in fiscal 2025, against $52.6B for Ingram Micro in fiscal 2025.

Which keeps more of its revenue as profit, Ingram Micro or TD Synnex?

Ingram Micro had a net margin of 0.6% in fiscal 2025; TD Synnex had 1.3% in fiscal 2025.

Which grew revenue faster, Ingram Micro or TD Synnex?

In their latest fiscal years revenue changed by +9.5% at Ingram Micro and +6.9% at TD Synnex.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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