Ingersoll Rand Inc.

General Industrial Machinery & Equipment

IRStrained8 of 11 basics passed

$78.75

+0.96%

Market cap $30.6B

$78.75

+0.96%

Market cap $30.6B

Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. The firm's portfolio consists of two business lines: industrial technologies and services, and precision and science technologies.

It is a $30.6B industrial company. Revenue grew 7.8% over the last year, it keeps 12¢ of every dollar of sales as profit, and its net debt equals ~2.9 years of free cash flow. It trades at 31.9× earnings — in the cheapest third of its own history.

Website: irco.com
Location: Davidson, NC
Employees: 21 000
Sector: Industrials

Share price · 3 years

$64.69 → $78.75+21.7%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $7.94B
Profit: keeps 12¢ of every $1 sold; $959M
Free cash flow: cash left after running the business; $1.22B
Net debt: debt minus cash on hand; $3.54B
P/E: years of profit in the price; 31.9
EPS: earnings per share, TTM; $2.29
Dividend: pays out 3% of profit · 3% of FCF; 0.10%
Shares: up 56% since 2018 — dilution; 419.3M
Volatility: beta vs the market — under 1 swings less; 1.18

Revenue, last 9 years

52-week range

Low $68.54$78.75High $98.76

Today's price is 34% of the way from the year's low to its high.

P/E vs its history5y

31.9×median 40.8×

Higher than 32% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

31.9×

67%

P/S

3.8×

66%

EV/EBITDA

24.0×

91%

P/B

3.0×

50%

FCF yield

4.0%

86%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Standing in Industrials

Size$30.6Btop 36%
Revenue growth+9%top 27%
Net margin12%top 35%
Return on equity9%top 85%
P/E31.9×top 63%
Dividend yield0.10%top 96%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong growth and quality; Health and Moat lag behind.

Valuation64

P/E vs own history32th pct · 20/25
FCF yield4.0% · 12/25
P/S3.8x · 20/25
EV/EBITDA18.5x · 12/25

Growth76

Revenue CAGR10.4% · 20/25
Net income CAGR0.8% · 6/25
EPS CAGR ~5Y26.0% · 25/25
Fwd implied growth63.5% · 25/25

Profitability57

ROIC4.3% · 5/25
ROE9.5% · 12/25
Net margin12.1% · 20/25
Operating margin18.1% · 20/25

Health40

Altman Zn/a · 0/25
Current ratio1.62 · 18/25
Interest coverage4.9x · 10/25
Net cash / debtD/A 19% · 12/25

Quality85

Piotroski F6/9 · 15/25
Beneish M-2.67 · 25/25
FCF conversion127% · 25/25
Margin stabilityσ 7.0% · 20/25

Moat43

ROIC >12% years0/9 yrs · 0/25
Median gross margin38.6% · 13/25
FCF-positive years9/9 yrs · 25/25
Worst-year net marginworst -0.7% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2024Financial
Best year on record
$839M net income
2024Acquisition
Ingersoll Rand acquired Friulair, a company out of Friuli, Italy which specializes in chillers and…
2020Acquisition
The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc (now…
FY2017Financial
First recorded profitable year
$18.4M net income
FY2017Financial
Revenue already above $1B
$2.38B in first reported year
FY2017Financial
Positive free cash flow every year since
9-year streak
2013Acquisition
Gardner Denver Inc traded on the New York Stock Exchange until it was acquired by private equity firm Kohlberg…
1994Milestone
Cooper spun off the Gardner Denver Industrial Machinery Division as an independent company
1979Acquisition
Gardner Denver was acquired by C-B's successor, Cooper Industries Inc
1943IPO
Gardner Denver was listed on the New York Stock Exchange for the first time
1927Acquisition
The Gardner Governor Company merged with the Denver Rock Drill Company in 1927 to form Gardner-Denver
1905Acquisition
Ingersoll-Sergeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand
1871Acquisition
Simon Ingersoll founded Ingersoll Rock Drill Company in 1871 in New York
1859Product
Robert Gardner founded the Gardner Governor Company in 1859 in Quincy, Illinois and introduced an early effective…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$14 706 today — price return only

$7.7B revenue in FY2025

Revenue up 7.8% year over year

Profitable 5 years in a row

Positive free cash flow 9 years in a row

21 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (42.8%)
Strong cash conversion — FCF is 15.4% of revenue

Watch-outs

Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed

Revenue growing — the company sells more than a year ago+7.8% YoY
Profitable — makes more than it spends$959M TTM
Profit growing — earnings are higher than last year-0.6% YoY
Generates cash — cash left after running and investing$1.22B TTM
Debt under control — could handle its obligations~2.9y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$30.6B market cap
Not printing shares — share count not ballooning — you keep your slice+55.6% shares over ~5y
Proven track record — years of profitability behind it8/9 profitable years
Financially stable — balance sheet not near distresshealth score 28/100
Pays a dividend — returns cash to shareholdersyield 0.10%
Valuation not extreme — price not wildly above earningsP/E 31.9

Peer comparisonIngersoll Rand Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
IR this company	$30.6B	31.9	+7.8%	12.1%	Strained
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: IR vs LRCX · IR vs CAT · IR vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 7Buy 7Hold 9

Appendix · Financial records

The full statements behind this CV, FY2017–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $7.94B · net income $959M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$7.94B

YoY 7.8%

Net income (TTM)

$959M

Margin 12.1%

Gross margin

42.8%

Operating margin

18.1%

P/E ratio

31.9

Dividend yield

0.10%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	4.9	5.2	5.9	6.9	7.2	7.7
Gross profit	1.6	2.0	2.3	2.9	3.2	3.3
Operating income (EBIT)	0.1	0.6	0.8	1.2	1.3	1.1
Net income	-0.0	0.6	0.6	0.8	0.8	0.6
EPS (diluted)	-0.09	1.34	—	—	2.00	—

Cash flowFree cash flow $1.22B · operating cash flow $1.35B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.22B

Margin 15.4%

Operating cash flow (TTM)

$1.35B

FCF margin

15.4%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.9	0.6	0.9	1.4	1.4	1.4
Capital expenditure	-0.0	-0.1	-0.1	-0.1	-0.1	-0.1
Free cash flow	0.9	0.6	0.8	1.3	1.2	1.2
FCF margin	17.6%	10.9%	13.0%	18.5%	17.2%	15.9%

Balance sheetAssets $18.3B · net debt $3.54B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $18.3B of assets is financed

45%

55%

Liabilities $8.14B — borrowed moneyEquity $10.1B — owners' stake

Cash vs debt

Total debt $4.78B − cash $1.25B = net debt $3.54B

Cash on hand covers 26% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

4.9x

EBIT ÷ interest expense

ROE

9.5%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	1.8	2.1	1.6	1.6	1.5	1.2
Total assets	16.1	15.2	14.8	15.6	18.0	18.3
Total liabilities	6.9	6.1	5.5	5.7	7.8	8.1
Total debt	3.9	3.4	2.8	2.7	4.8	4.8
Equity	9.1	9.0	9.2	9.8	10.2	10.1
Net debt	2.1	1.3	1.1	1.1	3.2	3.5

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Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $78.75 · market cap $30.6B.