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Ingersoll Rand Inc. provides various mission-critical air, fluid, clean energy, and medical technologies services and solutions worldwide. It operates in two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services a range of air and gas compression and treatment equipment, vacuum, and blower products, fluid transfer equipment, loading systems, and power tools and lifting equipment; and other specialized equipment, including associated aftermarket parts, consumables and services, air treatment equipment, controls, other accessories, and services under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle, and other brands. The Precision and Science Technologies segment designs, manufactures, and markets diaphragm, piston, water-powered, peristaltic, gear, vane, progressive cavity, and syringe pumps; and gas boosters, hydrogen compression systems, automated liquid handling systems, odorant injection systems, controls, software, and other related components and accessories for precision dosing, liquid and solid transfer, dispensing, gas compression and sampling, pressure management, flow control, powder handling, and other applications under the Air Dimensions, Albin, ARO, Dosatron, Haskel, Ingersoll Rand, LMI, Maximus, Milton Roy, MP, Oberdorfer, Seepex, Thomas, Welch, Williams, YZ, and Zinnser Analytic brands. This segment's products are used in medical, laboratory, industrial manufacturing, water and wastewater, chemical processing, clean energy, food and beverage, agriculture and other markets. It sells its products through an integrated network of direct sales representatives and independent distributors. The company was formerly known as Gardner Denver Holdings, Inc. and changed its name to Ingersoll Rand Inc. in March 2020. Ingersoll Rand Inc. was founded in 1859 and is headquartered in Davidson, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.7B | $1.7B | $581M | $1.2B | 5.8% | 5.7% | -30.7% |
| 2024 | $7.2B | $1.8B | $839M | $1.2B | 8.2% | 5.2% | 7.7% |
| 2023 | $6.9B | $1.6B | $779M | $1.3B | 8.0% | 16.2% | 28.8% |
| 2022 | $5.9B | $1.3B | $605M | $766M | 6.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,916.30 | 6,876.10 | 7,235 | 7,650.90 |
| Operating Revenue | - | 5,916.30 | 6,876.10 | 7,235 | 7,650.90 |
| Cost Of Revenue | - | 3,590.70 | 3,993.90 | 4,065 | 4,314.60 |
| Gross Profit | - | 2,325.60 | 2,882.20 | 3,170 | 3,336.30 |
| Operating Expense | - | 1,446.20 | 1,640.70 | 1,715.70 | 1,826.30 |
| Selling General And Administration | - | 1,095.80 | 1,272.70 | 1,344.40 | 1,439.30 |
| Total Expenses | - | 5,036.90 | 5,634.60 | 5,780.70 | 6,140.90 |
| Operating Income | - | 879.40 | 1,241.50 | 1,454.30 | 1,510 |
| Total Operating Income As Reported | - | 817.30 | 1,164.30 | 1,300.10 | 1,144.60 |
| EBITDA | - | 1,278.20 | 1,646.90 | 1,828 | 1,695 |
| Normalized EBITDA | - | 1,341.40 | 1,737.60 | 1,985.20 | 2,060.40 |
| EBIT | - | 845.40 | 1,187.80 | 1,346 | 1,189.20 |
| Interest Expense | - | 103.20 | 156.70 | 213.20 | 253.90 |
| Net Interest Income | - | -103.20 | -156.70 | -213.20 | -253.90 |
| Other Non Operating Income Expenses | - | 29.20 | 37 | 48.90 | 44.60 |
| Other Income Expense | - | -34 | -53.70 | -108.30 | -320.80 |
| Interest Expense Non Operating | - | 103.20 | 156.70 | 213.20 | 253.90 |
| Net Non Operating Interest Income Expense | - | -103.20 | -156.70 | -213.20 | -253.90 |
| Pretax Income | - | 742.20 | 1,031.10 | 1,132.80 | 935.30 |
| Tax Provision | - | 149.60 | 240 | 262.50 | 219.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -12.77 | -21.13 | -36.47 | -85.87 |
| Net Income Continuous Operations | - | 593.30 | 785.10 | 846.30 | 588.80 |
| Net Income From Continuing And Discontinued Operation | - | 604.70 | 778.70 | 838.60 | 581.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 589.50 | 778.70 | 838.60 | 581.40 |
| Net Income | - | 604.70 | 778.70 | 838.60 | 581.40 |
| Net Income Common Stockholders | - | 604.70 | 778.70 | 838.60 | 581.40 |
| Net Income Including Noncontrolling Interests | - | 608.50 | 785.10 | 846.30 | 588.80 |
| Normalized Income | - | 639.93 | 848.27 | 959.33 | 860.93 |
| Diluted NI Availto Com Stockholders | - | 604.70 | 778.70 | 838.60 | 581.40 |
| Basic Average Shares | - | 405.30 | 404.80 | 403.40 | 398.10 |
| Diluted Average Shares | - | 410.20 | 409 | 407.20 | 401 |
| Reconciled Depreciation | - | 432.80 | 459.10 | 482 | 505.80 |
| Reconciled Cost Of Revenue | - | 3,505.50 | 3,902.30 | 3,956 | 4,196.30 |
| Total Unusual Items | - | -63.20 | -90.70 | -157.20 | -365.40 |
| Total Unusual Items Excluding Goodwill | - | -63.20 | -90.70 | -157.20 | -365.40 |
| Minority Interests | - | -3.80 | -6.40 | -7.70 | -7.40 |
| Net Income Discontinuous Operations | 41.60 | 15.20 | 0 | 0 | - |
| Earnings From Equity Interest Net Of Tax | - | 0.70 | -6 | -24 | -127.10 |
| Special Income Charges | - | -69.10 | -85.60 | -154 | -346.80 |
| Gain On Sale Of Business | - | 0 | 0 | -58.80 | 0 |
| Other Special Charges | 9 | 1.10 | 13.50 | 3 | - |
| Impairment Of Capital Assets | - | 0 | 0 | 13.90 | 273.40 |
| Restructuring And Mergern Acquisition | - | 68 | 72.10 | 78.30 | 73.40 |
| Gain On Sale Of Security | - | 5.90 | -5.10 | -3.20 | -18.60 |
| Depreciation Amortization Depletion Income Statement | - | 347.60 | 367.50 | 373 | 387.50 |
| Depreciation And Amortization In Income Statement | - | 347.60 | 367.50 | 373 | 387.50 |
| Other Operating Expenses | - | 2.80 | 0.50 | -1.70 | -0.50 |
| Selling And Marketing Expense | 1,028 | 1,095.80 | - | - | - |
| Amortization | - | 347.60 | 367.50 | 373 | 387.50 |
| Amortization Of Intangibles Income Statement | - | 347.60 | 367.50 | 373 | 387.50 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ingersoll Rand Inc.this co. | IR | $28.2B | 48.47↑ premium | 2.79 | 5.8% | 18.75 |
| United Airlines Holdings, Inc. | UAL | $34.1B | 10.16 | 2.23 | 21.9% | 7.03 |
| Dover Corporation | DOV | $28.7B | 26.28 | 3.88 | 14.8% | 16.44 |
| Copart, Inc. | CPRT | $28.5B | 18.35 | 3.10 | 16.9% | 13.48 |
| Otis Worldwide Corporation | OTIS | $26.8B | 19.37 |
| - |
| - |
| - |
| - |
| - |
| -4.97 |
| -25.7% |
| 14.29 |
| J.B. Hunt Transport Services, Inc. | JBHT | $26.7B | 44.65 | 7.49 | 16.8% | 17.78 |
| Xylem Inc. | XYL | $26.2B | 27.37 | 2.28 | 8.3% | 15.00 |
| Hubbell Incorporated | HUBB | $25.6B | 28.91 | 6.66 | 23.1% | 19.90 |
| Verisk Analytics, Inc. | VRSK | $23.6B | 25.96 | 76.32 | 293.9% | 15.76 |
| Peer Median | - | 26.12 | 3.49 | 16.8% | 15.38 | |