NEW YORK STOCK EXCHANGE, INC. · Electrical Equipment · CIK 0002105139
$16.48
-0.42% · delayed ~15 min
Last price from Oct 22, 2026
$1.25B market value
From ADI GLOBAL DISTRIBUTION INC.'s FY2025 annual-report
ADI GLOBAL DISTRIBUTION distributes goods wholesale to other businesses. It took in $4.78B last year, which makes it a mid-sized company. It spends more than it earns — losing about 5 cents on every dollar of sales.
The financial picture is led by accounting, with growth worth watching, while profitability and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From ADI GLOBAL DISTRIBUTION INC.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
-$18.0M → -$261.0M
Free cash flow
$60.0M → -$576.0M
Long-term debt
$475.0M → $1.19B
Capital spending
$25.0M → $54.0M
Measured against FY2024, from the annual-report
Deteriorated: $243.0M wider
-$18.0M to -$261.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
ADIG fell 0.42% on the latest quote. The S&P 500 moved −1.04%. That is 0.6 points above the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 11 analysts covering this company, as of . Their views, not this site's.
Of 11 analysts publishing on this company, 3 say strong buy, 4 say buy and 4 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $261.0M last year, losing about 5 cents on every dollar of sales.
Slowly. Sales grew 14.0% last year.
Yes — it carries debt while operations are consuming cash rather than generating it. For every $1 it owes, it owns $1.68 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it lost $261.0M and generated -$522.0M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY2025annual-report | FY2024annual-report | FY2023annual-report | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|
| RevenueWhat is this? | $4.78B | $4.20B | $3.57B | +14.0% |
| Cost of revenue | $3.72B | $3.35B | $2.90B | +11.1% |
| Gross profit | $1.06B | $851.0M | $668.0M | +25.1% |
| Gross marginGross profit ÷ revenueWhat is this? | 22.3% | 20.3% | 18.7% | +2.0 pts |
| Selling, general and administrative | $752.0M | $598.0M | $454.0M | +25.8% |
| Operating income | $179.0M | $181.0M | $201.0M | −1.1% |
| Operating marginOperating income ÷ revenueWhat is this? | 3.7% | 4.3% | 5.6% | −0.6 pts |
| Interest expense | $51.0M | $40.0M | $35.0M | +27.5% |
| Income before tax | -$250.0M | $7.0M | $112.0M | n/m |
| Net income | -$261.0M | -$18.0M | $62.0M | −1350.0% |
| Net marginNet income ÷ revenueWhat is this? | -5.5% | -0.4% | 1.7% | −5.0 pts |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 3,299 shares
Holds 40,009 shares after this filing.
Exercised stock options — 3,170 shares
Holds 43,179 shares after this filing.
4 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report on Form 10-Q
Read the filingPublished results
Read the filingWrite down why you are following ADI GLOBAL DISTRIBUTION INC., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
ADI Global Distribution to Report Third Quarter 2026 Financial Results on November 12, 2026
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ADI Global Distribution (ADIG) Stock Dropped, So What Is Driving Attention Now?
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ADI Global Distribution (ADIG) Stock Could Still Be Cheap After 20% Fall
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ADI Global Distribution to Participate in the Jefferies 2026 Industrials Conference
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from ADIG's annual-report for fiscal year 2025 (period ending 2025-12-31), reported under the US GAAP taxonomy.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Every check behind the three models, and what each one tests
3 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.36
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Deteriorated: turned negative
$60.0M to -$576.0MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: +149.5%
$475.0M to $1.19BCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Changed: +116.0%
$25.0M to $54.0MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +25.1%
$851.0M to $1.06BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −5.0 pts
-0.4% to -5.5%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +14.0%
$4.20B to $4.78BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +2.0 pts
20.3% to 22.3%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: -9.5%
$137.0M to $124.0MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
2 other measures barely moved. Figures compare the two most recent annual filings. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.8% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Had shares withheld to cover taxes — 2,844 shares at $23.36 ($66.5K)
Holds 40,335 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 40,000 shares ($684.6K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 25,000 shares ($428.9K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 25,000 shares ($520.6K) on or after .
Shares originally obtained via Performance Shares.
Filed notice to sell 29,432 shares ($647.8K) on or after .
Shares originally obtained via Performance Shares.
Filed notice to sell 30,000 shares ($674.2K) on or after .
Shares originally obtained via Performance Shares.
Filed notice to sell 35,000 shares ($786.0K) on or after .
Shares originally obtained via Restricted Stock.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Signed a material agreement · Took on a direct financial obligation · Sold shares outside a public offering · Changed the rights attached to its shares · Changed control of the company · Had a director or senior officer leave or join · Amended or waived part of its code of ethics · Amended its charter or changed its financial year · Made a Regulation FD disclosure · Reported another event
Made a Regulation FD disclosure
Read the filingADI Global Distribution Inc. Common Stock Q2 Earnings Call Highlights
Yahoo Finance ·
Primary sources and further research