ADI Global Distribution (ADIG)


Market Price (11/12/2026): $9.78 | Market Cap: $742.5 MilSector: Information Technology | Industry: Electronic Equipment & Instruments

ADI Global Distribution (ADIG)


Market Price (11/12/2026): $9.78
Market Cap: $742.5 Mil
Sector: Information Technology
Industry: Electronic Equipment & Instruments

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, and Cybersecurity. Themes include IoT for Buildings, Building Management Systems, Show more.

Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -83%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74%

Key risks
ADIG key risks include [1] a high level of post-spin-off debt and negative cash flow, Show more.

0 Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, and Cybersecurity. Themes include IoT for Buildings, Building Management Systems, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -83%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74%
3 Key risks
ADIG key risks include [1] a high level of post-spin-off debt and negative cash flow, Show more.

ADIG in ETFs

Weight = ADIG's share of each fund

VTI0.00%
ITOT0.00%
IWM0.04%
IJR0.07%
VB0.02%
IJT0.09%
SLYG0.09%
IWN0.07%
+13 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Prices as of 11/11/2026

Nov 9: up 5.7% in one day (S&P 500 up 2.4%)
The market drove the stock's rise, as stocks staged a broad-based relief rally and the Dow jumped 1,100 points, with the S&P 500 also rising. Headlines indicated falling oil prices and a working US diesel deal.

Up 28.6% since its Oct 19 low (S&P 500 down 0.9%)
The stock gained during a period without company news, as the S&P 500 declined. Largest increases happened October 27 and November 2 without company news, and November 9 was broadly market-driven.

Show more
Prices as of 11/11/2026

Nov 9: up 5.7% in one day (S&P 500 up 2.4%)
The market drove the stock's rise, as stocks staged a broad-based relief rally and the Dow jumped 1,100 points, with the S&P 500 also rising. Headlines indicated falling oil prices and a working US diesel deal.

Up 28.6% since its Oct 19 low (S&P 500 down 0.9%)
The stock gained during a period without company news, as the S&P 500 declined. Largest increases happened October 27 and November 2 without company news, and November 9 was broadly market-driven.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

7/31/2026 to 11/11/2026
ReturnCorrelation
ADIG  
Market (SPY)1.7%17.9%
Sector (XLK)-0.6%10.1%

Fundamental Drivers

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Market Drivers

4/30/2026 to 11/11/2026
ReturnCorrelation
ADIG  
Market (SPY)6.0%17.9%
Sector (XLK)9.4%10.1%

Fundamental Drivers

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Market Drivers

10/31/2025 to 11/11/2026
ReturnCorrelation
ADIG  
Market (SPY)12.3%17.9%
Sector (XLK)16.4%10.1%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/11/2026
ReturnCorrelation
ADIG  
Market (SPY)87.9%17.9%
Sector (XLK)116.4%10.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ADIG Return------11%-11%
Peers Return10%-33%-8%-6%-1%-14%-45%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
ADIG Win Rate-----25% 
Peers Win Rate57%38%57%50%50%42% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
ADIG Max Drawdown------ 
Peers Max Drawdown-34%-47%-46%-36%-37%-48% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MVIS, MIND, KEYS, ROP, TDY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/11/2026 (YTD)

How Low Can It Go

ADIG has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.0%-7.8%
  % Gain to Breakeven20.4%8.5%
  Time to Breakeven92 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.0%-9.5%
  % Gain to Breakeven11.2%10.5%
  Time to Breakeven15 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days

Compare to MVIS, MIND, KEYS, ROP, TDY

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

ADIG has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days
2008-2009 Global Financial Crisis
  % Loss-51.5%-53.4%
  % Gain to Breakeven106.2%114.4%
  Time to Breakeven797 days1085 days

Compare to MVIS, MIND, KEYS, ROP, TDY

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ADI Global Distribution (ADIG)

AI Analysis | Feedback

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AI Analysis | Feedback

  • Security Solutions: Distribution of a wide range of security products, including video surveillance, access control, intrusion detection, and fire systems.
  • Audio Visual (AV) Equipment: Distribution of professional audio, video, and control solutions for commercial and residential applications.
  • Networking & Communications: Distribution of networking hardware, communication systems, and infrastructure products like cables and connectors.
  • Smart Home & Automation: Distribution of devices and systems for home and building automation, energy management, and control.
  • Tools & Hardware: Distribution of essential tools, equipment, and accessories required for the installation and maintenance of low-voltage systems.

AI Analysis | Feedback

ADI Global Distribution (ADIG) primarily operates as a wholesale distributor, selling a wide range of security, AV, and low-voltage products to other businesses (B2B).

Due to its business model of serving a highly fragmented market of independent contractors, installers, and dealers, ADI Global Distribution does not have a small number of major customers that are publicly traded companies. Instead, its customer base consists of tens of thousands of small to medium-sized businesses.

The primary categories of customers it serves include:

  • Security System Installers and Integrators: Businesses specializing in the installation, maintenance, and monitoring of burglar alarms, video surveillance, access control, and fire detection systems for residential, commercial, and industrial clients.
  • Audio-Visual (AV) Contractors: Companies focused on designing, installing, and servicing audio, video, and automation systems for various environments, including homes, corporate offices, educational institutions, and hospitality venues.
  • Low-Voltage Contractors: Firms that handle general low-voltage wiring and installation projects, such as structured cabling, networking infrastructure, smart home technology, and building automation systems.

AI Analysis | Feedback

Major suppliers of ADI Global Distribution include:

  • Resideo Technologies (REZI)
  • Honeywell (HON)
  • Johnson Controls (JCI)
  • Axis Communications
  • Hikvision
  • Dahua Technology

AI Analysis | Feedback

Rob Aarnes, President, Chief Executive Officer

Rob Aarnes is the President and Chief Executive Officer of ADI. He has served as President of ADI since 2017, having previously led ADI's North American business. He has a strong background in retail, distribution, and manufacturing. Prior to ADI, Mr. Aarnes held various senior leadership roles within private equity, specialty retail, and big box consumer electronics companies. He also previously served as President & Chief Executive Officer of GUNNAR Optiks. Mr. Aarnes is a member of Resideo's executive leadership team and has been a Section 16 Officer since 2018. He serves on the Board of Directors of MSC Industrial Supply Co.

Michael Carlet, Chief Financial Officer

Michael Carlet is the Chief Financial Officer of ADI, where he leads the company's global finance organization. He brings experience as a CFO from Snap One and Resideo, which is relevant to managing a distribution-plus-exclusive-brand model and a spin balance sheet.

Allie Copeland, SVP, Chief Operating Officer

Allie Copeland is the Senior Vice President and Chief Operating Officer at ADI. She has been with ADI since 2016 and has previously served as Chief Commercial Officer, Chief Transformation Officer, and Vice President of Global Operations.

Marco Cardazzi, SVP, Chief Merchandising Officer

Marco Cardazzi is the Senior Vice President and Chief Merchandising Officer at ADI. He has been with ADI since 2011, and his previous roles include Chief Marketing Officer, Vice President of Global Marketing, and various leadership positions across merchandising, marketing, category management, and products.

Leigh Ann Angelini, VP, Chief People Leader

Leigh Ann Angelini is the Vice President and Chief People Leader for ADI, responsible for the company's global people strategy.

AI Analysis | Feedback

Here are the key risks to ADI Global Distribution (ADIG):

  1. High Leverage and Financial Risk: Following its spin-off from Resideo Technologies in August 2026, ADI Global Distribution is anticipated to carry approximately $1 billion in new indebtedness, along with a $500 million revolving credit facility. This significant level of debt introduces substantial risks related to debt servicing, financial flexibility, and its ability to fund future operations and investments. In 2025, the company also experienced largely negative cash flow.
  2. Supply Chain Dependence and Concentration: As a wholesale distributor, ADI Global Distribution is highly dependent on its supplier relationships. While it works with over 1,000 suppliers, a considerable portion of its revenue is concentrated among a small number of these vendors. The 10 largest suppliers account for approximately 50% of revenues, with the single largest supplier contributing more than 10% of total revenues, posing a risk of vendor concentration.
  3. Intense Competition: ADI operates in the distribution of security, pro-AV, and low-voltage products, a market characterized by intense competition. This competitive landscape could impact the company's pricing power, market share, and profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable market for ADI Global Distribution's main products and services is approximately $65 billion in North America. These products primarily include professionally installed low-voltage systems such as security, fire/life safety, and audio-visual solutions, serving both commercial and residential markets. Of this total addressable market, an estimated $35 billion is currently serviceable.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for ADI Global Distribution (symbol: ADIG) over the next 2-3 years:

  1. Growth of Digital Platform: ADI Global Distribution aims to expand its industry-leading omnichannel platform, with its digital capabilities expected to be a primary contributor to revenue growth. The company is targeting a high-single-digit to low-double-digit digital revenue compound annual growth rate (CAGR) in the near term.
  2. Expansion into High-Growth Verticals: The company plans to drive revenue growth through strategic expansion into high-growth verticals, specifically ProAV (Professional Audio-Visual) and DataComm (Data Communications). This builds on previous strong demand seen in commercial product categories including professional audio/video and networking.
  3. Growth of Exclusive Brands: ADI Global Distribution intends to leverage its portfolio of exclusive brands, which have been noted for their increasing profitability. This strategy is expected to enhance customer value and contribute to overall revenue growth.
  4. Development of Value-Added Services: The company is focused on growing its offerings of value-added services. These services are anticipated to be a key component in driving future revenue expansion.
  5. Strategic Tuck-in Mergers and Acquisitions (M&A): ADI Global Distribution identifies strategic tuck-in mergers and acquisitions as a lever to achieve above-market growth. These targeted acquisitions are expected to complement existing operations and contribute to revenue expansion.

AI Analysis | Feedback

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ADIGMVISMINDKEYSROPTDYMedian
NameADI Glob.Microvis.MIND Tec.Keysight.Roper Te.Teledyne. 
Mkt Price9.811.103.12304.31477.98647.66157.06
Mkt Cap0.70.0-52.047.330.030.0
Rev LTM-5-6,5828,4356,5206,551
Op Inc LTM--97-1,3332,3661,3041,319
FCF LTM--67-1,4692,5141,1481,308
FCF 3Y Avg--65-1,2672,3661,0381,152
CFO LTM--65-1,6042,6201,2811,442
CFO 3Y Avg--64-1,4062,4791,1501,278

Growth & Margins

ADIGMVISMINDKEYSROPTDYMedian
NameADI Glob.Microvis.MIND Tec.Keysight.Roper Te.Teledyne. 
Rev Chg LTM-90.9%-25.5%9.2%8.6%17.4%
Rev Chg 3Y Avg-100.3%-6.6%12.1%5.1%9.3%
Rev Chg Q-895.9%-36.5%7.6%9.4%23.0%
QoQ Delta Rev Chg LTM-75.2%-8.1%1.9%2.3%5.2%
Op Inc Chg LTM--65.9%-49.9%8.9%17.5%13.2%
Op Inc Chg 3Y Avg--12.3%-3.8%11.8%8.2%6.0%
Op Mgn LTM--1,931.5%-20.3%28.0%20.0%20.1%
Op Mgn 3Y Avg--1,728.2%-18.5%28.2%18.9%18.7%
QoQ Delta Op Mgn LTM-1,151.9%-2.1%0.1%0.6%1.3%
CFO/Rev LTM--1,284.6%-24.4%31.1%19.6%22.0%
CFO/Rev 3Y Avg--1,453.3%-25.1%32.5%19.0%22.0%
FCF/Rev LTM--1,325.5%-22.3%29.8%17.6%20.0%
FCF/Rev 3Y Avg--1,474.9%-22.5%31.0%17.2%19.9%

Valuation

ADIGMVISMINDKEYSROPTDYMedian
NameADI Glob.Microvis.MIND Tec.Keysight.Roper Te.Teledyne. 
Mkt Cap0.70.0-52.047.330.030.0
P/S-6.0-7.95.64.65.8
P/Op Inc--0.3-39.020.023.021.5
P/EBIT--0.3-34.213.722.918.3
P/E--0.3-41.318.229.223.7
P/CFO--0.5-32.418.023.420.7
Total Yield--359.4%-2.4%6.3%3.4%2.9%
Dividend Yield0.0%0.0%-0.0%0.8%0.0%0.0%
FCF Yield 3Y Avg--69.1%-3.8%5.1%4.1%4.0%
D/E1.61.4-0.10.20.10.2
Net D/E1.50.5-0.00.20.00.2

Returns

ADIGMVISMINDKEYSROPTDYMedian
NameADI Glob.Microvis.MIND Tec.Keysight.Roper Te.Teledyne. 
1M Rtn-42.1%-8.3%-28.8%-19.4%30.1%5.5%-13.9%
3M Rtn-61.1%-76.3%-33.2%-14.2%21.2%-5.7%-23.7%
6M Rtn-55.4%-90.4%-54.2%-15.7%51.9%1.8%-35.0%
12M Rtn-55.4%-93.1%-78.2%66.8%8.9%25.8%-23.3%
3Y Rtn-55.4%-96.3%-32.9%144.9%-5.6%69.2%-19.2%
1M Excs Rtn-38.8%-3.3%-26.4%-14.2%33.4%9.6%-8.7%
3M Excs Rtn-60.2%-67.4%-29.9%-10.5%24.1%-0.3%-20.2%
6M Excs Rtn-55.9%-91.3%-55.2%-16.8%50.9%0.8%-36.0%
12M Excs Rtn-60.5%-102.9%-87.3%55.8%-2.8%14.5%-31.6%
3Y Excs Rtn-91.6%-166.1%-104.9%73.4%-75.3%-0.2%-83.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
ADI Global Distribution4,7844,1973,570
Total4,7844,1973,570


Price Behavior

Price Behavior
Market Price$19.58 
Market Cap ($ Bil)1.5 
First Trading Date07/30/2026 
Distance from 52W High-30.7% 
   50 Days200 Days
DMA Price$18.57 
DMA Trend  
Distance from DMA5.5% 
 3M1YR
Volatility62.4%69.0%
Downside Capture180.41 
Upside Capture47.56 
Correlation (S&P 500)20.1% 
ADIG Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.551.030.650.09-0.150.16
Up Beta-2.49-1.60-3.63-0.86-1.46-0.38
Down Beta0.881.091.59-1.07-0.45-0.45
Up Capture200%62%-7%-3%-1%-0%
Bmk +ve Days12182862130427
Stock +ve Days91931313131
Down Capture198%211%126%65%38%22%
Bmk -ve Days10253664121325
Stock -ve Days132431313131

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ADIG
ADIG-11.0%69.0%-0.33-
Sector ETF (XLK)18.5%28.6%0.5810.1%
Equity (SPY)12.5%13.7%0.6017.9%
Gold (GLD)-3.5%28.8%-0.1331.5%
Commodities (DBC)33.0%21.3%1.24-11.6%
Real Estate (VNQ)11.7%14.2%0.5314.0%
Bitcoin (BTCUSD)-30.9%43.5%-0.735.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ADIG
ADIG-2.3%69.0%-0.33-
Sector ETF (XLK)17.2%26.5%0.5810.1%
Equity (SPY)11.8%17.3%0.5117.9%
Gold (GLD)17.1%19.2%0.7231.5%
Commodities (DBC)7.9%19.6%0.29-11.6%
Real Estate (VNQ)1.3%18.9%-0.0414.0%
Bitcoin (BTCUSD)3.1%51.5%0.245.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ADIG
ADIG-1.2%69.0%-0.33-
Sector ETF (XLK)23.4%25.3%0.8410.1%
Equity (SPY)15.5%18.0%0.7317.9%
Gold (GLD)11.5%16.6%0.5731.5%
Commodities (DBC)7.4%18.2%0.33-11.6%
Real Estate (VNQ)6.1%20.7%0.2514.0%
Bitcoin (BTCUSD)58.6%66.3%0.995.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10302026
Short Interest: Shares Quantity3.7 Mil
Short Interest: % Change Since 101520260.8%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest8.7 days
Basic Shares Quantity75.8 Mil
Short % of Basic Shares4.9%

Earnings Returns History

Updated 11/12/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/20262.3%-15.4%-18.7%
SUMMARY STATS   
# Positive100
# Negative011
Median Positive2.3%  
Median Negative -15.4%-18.7%
Max Positive2.3%  
Max Negative -15.4%-18.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/13/20262.3%-15.4%-18.7%
SUMMARY STATS   
# Positive100
# Negative011
Median Positive2.3%  
Median Negative -15.4%-18.7%
Max Positive2.3%  
Max Negative -15.4%-18.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
12/31/202503/31/2026DRS/A
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
12/31/202503/31/2026DRS/A

Recent Forward Guidance

Updated 11/12/2026

Latest: Q3 2026 Earnings Reported 11/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Net revenueReported1.11 Bil1.12 Bil1.13 Bil   
Q4 2026 Non-GAAP Adjusted Standalone EBITDA (Estimate)Reported28.00 Mil33.00 Mil38.00 Mil   
2026 Annualized Gross Cost Savings Exit Run RateReported 60.00 Mil    
2026 Net revenueReported4.91 Bil4.92 Bil4.93 Bil-1.1% LoweredGuidance: 4.97 Bil for 2026
2026 Non-GAAP Adjusted Standalone EBITDA (Estimate)Reported230.00 Mil235.00 Mil24.00 Mil-17.5% LoweredGuidance: 285.00 Mil for 2026
2027 Gross Cost Savings Run Rate ObjectiveReported 80.00 Mil    

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Core Cache Last Updated: 11/11/2026