NYSE: IR
Ingersoll Rand
Industrials · General Industrial Machinery & Equipment
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$28.8B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | — |
| FY2017, ended Dec 31, 2017 | $6.66B |
| FY2018, ended Dec 31, 2018 | $4.07B |
| FY2019, ended Dec 31, 2019 | $7.53B |
| FY2020, ended Dec 31, 2020 | $19.1B |
| FY2021, ended Dec 31, 2021 | $25.2B |
| FY2022, ended Dec 31, 2022 | $21.2B |
| FY2023, ended Dec 31, 2023 | $31.2B |
| FY2024, ended Dec 31, 2024 | $36.5B |
| FY2025, ended Dec 31, 2025 | $31.0B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $28.8B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$8.05B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.94B |
| FY2017, ended Dec 31, 2017 | $2.38B |
| FY2018, ended Dec 31, 2018 | $2.69B |
| FY2019, ended Dec 31, 2019 | $2.02B |
| FY2020, ended Dec 31, 2020 | $3.97B |
| FY2021, ended Dec 31, 2021 | $5.15B |
| FY2022, ended Dec 31, 2022 | $5.92B |
| FY2023, ended Dec 31, 2023 | $6.88B |
| FY2024, ended Dec 31, 2024 | $7.24B |
| FY2025, ended Dec 31, 2025 | $7.65B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $8.05B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | −$36.6M | $91.2M |
| FY2017, ended Dec 31, 2017 | $18.4M | $144M |
| FY2018, ended Dec 31, 2018 | $269M | $392M |
| FY2019, ended Dec 31, 2019 | $159M | $305M |
| FY2020, ended Dec 31, 2020 | −$33.3M | $872M |
| FY2021, ended Dec 31, 2021 | $563M | $564M |
| FY2022, ended Dec 31, 2022 | $605M | $771M |
| FY2023, ended Dec 31, 2023 | $779M | $1.27B |
| FY2024, ended Dec 31, 2024 | $839M | $1.25B |
| FY2025, ended Dec 31, 2025 | $581M | $1.22B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.38B | $1.52B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$1.34B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $256M |
| FY2017, ended Dec 31, 2017 | $393M |
| FY2018, ended Dec 31, 2018 | $221M |
| FY2019, ended Dec 31, 2019 | $506M |
| FY2020, ended Dec 31, 2020 | $1.75B |
| FY2021, ended Dec 31, 2021 | $2.11B |
| FY2022, ended Dec 31, 2022 | $1.61B |
| FY2023, ended Dec 31, 2023 | $1.60B |
| FY2024, ended Dec 31, 2024 | $1.54B |
| FY2025, ended Dec 31, 2025 | $1.25B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.34B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$4.74B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.78B |
| FY2017, ended Dec 31, 2017 | $2.04B |
| FY2018, ended Dec 31, 2018 | $1.67B |
| FY2019, ended Dec 31, 2019 | $1.61B |
| FY2020, ended Dec 31, 2020 | $3.90B |
| FY2021, ended Dec 31, 2021 | $2.78B |
| FY2022, ended Dec 31, 2022 | $2.75B |
| FY2023, ended Dec 31, 2023 | $2.72B |
| FY2024, ended Dec 31, 2024 | $4.76B |
| FY2025, ended Dec 31, 2025 | $4.78B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $4.74B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 158% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.384M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 149M |
| FY2017, ended Dec 31, 2017 | 196M |
| FY2018, ended Dec 31, 2018 | 199M |
| FY2019, ended Dec 31, 2019 | 205M |
| FY2020, ended Dec 31, 2020 | 419M |
| FY2021, ended Dec 31, 2021 | 408M |
| FY2022, ended Dec 31, 2022 | 405M |
| FY2023, ended Dec 31, 2023 | 403M |
| FY2024, ended Dec 31, 2024 | 403M |
| FY2025, ended Dec 31, 2025 | 392M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 384M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $946M more bought back than issued
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| Period | Bought back | Paid to employees | Sold for cash | Used in acquisitions |
|---|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $14.1M | $0 | $3.30M | — |
| FY2017, ended Dec 31, 2017 | $3.60M | $175M | $894M | — |
| FY2018, ended Dec 31, 2018 | $40.7M | $2.80M | $0 | — |
| FY2019, ended Dec 31, 2019 | $18.6M | $18.7M | $0 | — |
| FY2020, ended Dec 31, 2020 | $2.10M | $47.5M | — | $7.01B |
| FY2021, ended Dec 31, 2021 | $737M | $87.2M | — | — |
| FY2022, ended Dec 31, 2022 | $261M | $78.9M | — | — |
| FY2023, ended Dec 31, 2023 | $263M | $51.9M | — | — |
| FY2024, ended Dec 31, 2024 | $261M | $58.8M | — | — |
| FY2025, ended Dec 31, 2025 | $1.02B | $53.0M | — | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.00B | $57.0M | — | — |
Revenue (TTM)
$8.05B
+8.0% YoY
Net income (TTM)
$1.38B
+154% YoY
Cash
$1.34B
+14.1% YoY
Total debt
$4.74B
−1.1% YoY
Valuation
At current price- Market Cap
- $30.7B
- P/E
- 22.2×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.8×
- Price / Book
- 2.9×
- EV / EBITDA
- 14.3×
Growth
Trailing 12 months- Revenue (TTM)
- $8.05B
- Revenue Growth YoY
- 8.0%
- Revenue CAGR 3Y
- 8.9%
- Revenue CAGR 5Y
- 14.0%
- EPS Growth YoY
- 161%
- Net Income Growth YoY
- 154%
Profitability
Trailing 12 months- Gross Margin
- 43.1%
- Operating Margin
- 22.9%
- Net Margin
- 17.2%
- FCF Margin
- 18.8%
- Return on Equity
- 13.4%
Earnings
Trailing 12 months- Net Income
- $1.38B
- EPS (diluted)
- $3.53
- EBITDA
- $2.39B
- Operating Income
- $1.84B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $1.34B
- Total Debt
- $4.74B
- Net Debt
- $3.39B
- Total Assets
- $18.6B
- Total Liabilities
- $8.05B
- Shareholders' Equity
- $10.5B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.64B
- Capital Expenditure
- $125M
- Free Cash Flow
- $1.52B
Dividends and risk
Last 12 months- Dividend Yield
- 0.1%
- Dividend / Share
- $0.08
- Beta (5Y)
- 1.15
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 8.0% year over year, at $8.05B.
Strength
Operating margin widened 7.7 pts in a year, to 22.9%.
Note
Net debt of $3.39B is 1.4× EBITDA, a manageable load.
Strength
Turns 18.8% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 30, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K51Some concerns
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 17, 2026 · Read the filing on EDGAR
- Revenue rose 5.7% to $7.65 billion, but acquisitions and currency drove the gain while organic revenue fell $96 million.
- Operating income fell about 12% to $1.14 billion and net income fell about 30% to $589 million, mainly because of impairment charges.
- Ingersoll Rand wrote down $229.7 million of goodwill from its ILC Dover acquisition, the write-down risk flagged last year, and also impaired an equity investment.
- Free cash flow stayed strong at $1.22 billion, helping fund $1.02 billion of share buybacks and $525 million of acquisitions, with debt roughly flat.
Business momentum
Mixed
“Revenues for 2025 were $7,650.9 million, an increase of $415.9 million, or 5.7%, compared to $7,235.0 million in 2024.”
Outlook
Neutral
“We expect capital expenditures will be approximately 2% of consolidated revenues in 2026.”
Financial stress
Low
“we believe our cash flow from operations, together with availability under the Revolving Credit Facility and Commercial Paper Program, will provide sufficient liquidity to fund our current obligations”
Tone against the previous report
More negative
Red flags
- Medium
Large write-down
“Net income was $588.8 million in 2025, a decrease of $257.5 million compared to $846.3 million in 2024, primarily due to impairments of goodwill and other intangible assets and the impairment of an equity method investment in the second quarter of 2025.”
Positives
Cash generation remained strong, with free cash flow above $1.2 billion
“Free cash flow decreased $27.5 million to $1,220.1 million in 2025 from $1,247.6 million in 2024”
Large share buybacks were funded without adding meaningful debt
“Cash used in financing activities of $1,053.8 million in 2025 is primarily due to purchases of treasury stock of $1,018.0 million”
The smaller Precision and Science segment grew its adjusted profit 14.1%, mostly through acquisitions
“Segment Adjusted EBITDA in 2025 was $478.0 million, an increase of $59.2 million, or 14.1%, from $418.8 million in 2024.”
Concerns
Sales from existing businesses declined, leaving growth dependent on acquisitions and currency
“The increase in revenues was primarily due to acquisitions of $419.9 million and the favorable impact of foreign currencies of $92.0 million, partially offset by lower organic revenues of $96.0 million.”
Margins in the largest segment fell, with its adjusted profit down slightly despite higher sales
“Segment Adjusted EBITDA Margin decreased 130 bps to 28.9% from 30.2% in 2024.”
Further write-downs remain possible, as goodwill and intangibles make up 70% of total assets
“As of December 31, 2025, the net carrying value of goodwill and other intangible assets, net represented $12.7 billion, or 70%, of our total assets.”
New risks since the previous report
Artificial intelligence adoption and regulation could raise costs or harm the business
“We have begun incorporating AI into our business activities and our product and service offerings.”
New global minimum tax rules could raise the tax rate and cash taxes
“We will continue to closely monitor developments in Pillar 2 tax legislation, as the final rules could materially affect our effective tax rate and cash tax obligations.”
Biggest risks named
- Global economic and industrial cycles
- Tariffs raising costs or reducing demand
- Goodwill and intangible asset write-downs from acquisitions
- International operations, currency swings and China exposure
- Significant debt load and interest costs
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −3 | |
| Outlook | 0 | |
| Tone against the previous report | −2 | |
| Financial stress | 0 | |
| Red flags | −3 | |
| New risks | −1 | |
| Score | 51 | |
Written by AI (Claude Opus 5.5) from the report’s text. 12 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 30, 2026 | Pro | |||
| 10-K | Feb 17, 2026 | 51 | Mixed | 1 medium | |
| 10-K | Feb 19, 2025 | 62 | Improving | 1 medium1 minor | |
| 10-K | Feb 23, 2024 | 71 | Strong improvement | None | |
| 10-K | Feb 21, 2023 | 71 | Strong improvement | None | |
| 10-K | Feb 25, 2022 | 76 | Strong improvement | None | |
| 10-K | Feb 26, 2021 | 40 | Sharp deterioration | 1 minor | |
| 10-K | Feb 26, 2020 | 37 | Sharp deterioration | 1 medium | |
| 10-K | Feb 27, 2019 | 66 | Strong improvement | None | |
| 10-K | Feb 16, 2018 | 75 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 30, 2026. View filings on SEC EDGAR