olivLaw · US equity research
Ingersoll Rand Inc. IR
General Industrial Machinery & Equipment · SIC 3560 · Vertical: General Industrial Machinery & Equipment (SIC 3560)
Ingersoll Rand Inc. is a global provider of flow creation and industrial and life science solutions, with operations across six continents. In 2025 it had over 21,000 employees and over 60 key manufacturing facilities. For the second quarter of 2026 it reported revenues of 2049 million USD, up 9%, and its 2026 revenue growth guidance is 4.5% to 6.5%.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Ingersoll Rand Inc. (IR) stock was 84.18 USD (−0.45% on the day), with market capitalisation 32.3 bn USD, P/E 23.7 on diluted EPS of 3.55 USD over the last 12 months, dividend yield 0.10%, beta 1.23, 52-week range 68.54–98.76 USD. Latest reported quarter (Q3 2026): revenue of 2.1 bn USD (+5.6% YoY), net income of 669.9 m USD (+174.4% YoY), diluted EPS 1.73 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 68.3
- strong (55–70)
- Bollinger (20, 2)
- 72.54 – 84.30
- in the upper half of the band · %B 0.99 · band width 15.0%
- SMA 50 / 200
- 76.53 / 81.09
- mixed trend
- MACD (12, 26, 9)
- 1.44 / 0.57
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +7.2% | −1.1% | +8.3 pp | — |
| 3 months | −6.5% | −0.5% | −6.0 pp | — |
| 6 months | +7.0% | +4.4% | +2.6 pp | — |
| Year to date | +6.3% | +12.3% | −6.1 pp | — |
| 1 year | +9.0% | +13.5% | −4.6 pp | +19.3% |
| 3 years | +28.8% | +76.4% | −47.6 pp | +69.8% |
| 5 years | +47.0% | +63.7% | −16.6 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.9 bn | 1.7 bn | 1.9 bn | 2.0 bn | 2.1 bn | 1.8 bn | 2.0 bn | 2.1 bn |
| Cost of revenue | 1.1 bn | 951.3 m | 1.1 bn | 1.1 bn | 1.2 bn | 1.1 bn | 1.2 bn | 1.1 bn |
| Gross profit | 815.4 m | 765.5 m | 824.9 m | 855.2 m | 890.7 m | 792.4 m | 862.6 m | 924.3 m |
| SG&A | 331.7 m | 350.0 m | 371.2 m | 361.0 m | 357.1 m | 370.7 m | 400.8 m | 389.7 m |
| Operating income | 378.8 m | 302.5 m | 76.4 m | 375.5 m | 390.2 m | 289.7 m | 380.3 m | 782.5 m |
| Depreciation & amortisation | 123.6 m | 120.0 m | 120.5 m | 124.5 m | 140.8 m | 136.9 m | 132.8 m | 137.7 m |
| Interest expense | 61.8 m | 61.2 m | 62.7 m | 65.1 m | 64.9 m | 63.8 m | 63.3 m | 62.7 m |
| Pre-tax income | 325.1 m | 253.1 m | 28.1 m | 319.4 m | 334.7 m | 229.9 m | 327.1 m | 725.2 m |
| Income tax | 88.2 m | 58.5 m | 21.0 m | 73.6 m | 66.3 m | 36.1 m | 69.1 m | 53.6 m |
| Net income | 229.8 m | 186.5 m | -115.3 m | 244.1 m | 266.1 m | 192.1 m | 256.8 m | 669.9 m |
| Diluted EPS | 0.57 ≈ | 0.46 | -0.29 | 0.61 | 0.67 ≈ | 0.49 | 0.66 | 1.73 |
| Operating cash flow | 526.2 m | 256.4 m | 245.7 m ≈ | 354.6 m ≈ | 499.0 m | 199.7 m | 295.9 m ≈ | 647.8 m ≈ |
| Capex | 35.3 m | 33.7 m | 35.3 m | 29.1 m | 37.5 m | 36.3 m | 27.0 m ≈ | 24.5 m ≈ |
| Dividends paid | 8.1 m | 8.1 m | 8.0 m ≈ | 7.9 m ≈ | 7.8 m | 7.8 m | 7.9 m ≈ | 7.6 m ≈ |
| Share repurchases | 62.5 m | 10.0 m | 500.7 m ≈ | 193.1 m ≈ | 314.2 m | 89.5 m | 249.3 m ≈ | 350.3 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 16 percentile of its own 31-quarter history (min 15.8, median 39.7, max 227.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.7 bn | 2.0 bn | 4.0 bn | 5.2 bn | 5.9 bn | 6.9 bn | 7.2 bn | 7.7 bn |
| Revenue YoY | +13.2% | −25.0% | +96.9% | +29.7% | +14.8% | +16.2% | +5.2% | +5.7% |
| Net income | 269.4 m | 159.1 m | -33.3 m | 562.5 m | 604.7 m | 778.7 m | 838.6 m | 581.4 m |
| Net income YoY | +1,364.1% | −40.9% | −120.9% | unavailable | +7.5% | +28.8% | +7.7% | −30.7% |
| Diluted EPS | 1.29 | 0.76 | -0.09 | 1.34 | 1.47 | 1.90 | 2.06 | 1.45 |
| Diluted EPS YoY | +1,190.0% | −41.1% | −111.8% | unavailable | +9.7% | +29.3% | +8.4% | −29.6% |
| net % | 10.0% | 7.9% | -0.8% | 10.9% | 10.2% | 11.3% | 11.6% | 7.6% |
| Free cash flow | 392.3 m | 305.4 m | 872.3 m | unavailable | unavailable | 1.3 bn | 1.2 bn | 1.2 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.2 bn USD
- Financial debt
- 1.4 m USD
- Net debt
- -1.2 bn USD
- Equity
- 10.2 bn USD
- Total assets
- 18.3 bn USD
- Debt / equity
- 0.00x
- Current ratio
- 2.06x
- ROE
- 5.7%
- ROA
- 3.2%
- FCF margin
- 15.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.0 bn | 5.2 bn | 5.9 bn | 6.9 bn | 7.2 bn | 7.7 bn | SEC (XBRL)· 17 Feb 2026verified |
| Cost of revenue | 2.6 bn | 3.2 bn | 3.6 bn | 4.0 bn | 4.1 bn | 4.3 bn | SEC (XBRL)· 17 Feb 2026verified |
| Gross profit | 1.4 bn | 2.0 bn | 2.3 bn | 2.9 bn | 3.2 bn | 3.3 bn | SEC (XBRL)· 17 Feb 2026verified |
| Research & development | 58.0 m | 74.0 m | 91.3 m | 108.2 m | 116.6 m | 114.3 m | SEC (XBRL)· 17 Feb 2026verified |
| SG&A | 789.3 m | 1.0 bn | 1.1 bn | 1.3 bn | 1.3 bn | 1.4 bn | SEC (XBRL)· 17 Feb 2026verified |
| Operating income | 59.6 m | 565.7 m | 817.3 m | 1.2 bn | 1.3 bn | 1.1 bn | SEC (XBRL)· 17 Feb 2026verified |
| Depreciation & amortisation | 412.5 m | 422.1 m | 432.8 m | 459.1 m | 482.0 m | 505.8 m | SEC (XBRL)· 17 Feb 2026verified |
| EBITDA | 472.1 m ≈ | 987.8 m ≈ | 1.3 bn ≈ | 1.6 bn ≈ | 1.8 bn ≈ | 1.7 bn ≈ | SEC (XBRL)· 17 Feb 2026derived |
| Interest expense | 111.1 m | 87.7 m | 103.2 m | 156.7 m | 213.2 m | 253.9 m | SEC (XBRL)· 17 Feb 2026verified |
| Pre-tax income | -45.4 m | 513.0 m | 742.2 m | 1.0 bn | 1.1 bn | 935.3 m | SEC (XBRL)· 17 Feb 2026verified |
| Income tax | 11.4 m | -21.8 m | 149.6 m | 240.0 m | 262.5 m | 219.4 m | SEC (XBRL)· 17 Feb 2026verified |
| Net income | -33.3 m | 562.5 m | 604.7 m | 778.7 m | 838.6 m | 581.4 m | SEC (XBRL)· 17 Feb 2026verified |
| Diluted EPS | -0.09 | 1.34 | 1.47 | 1.90 | 2.06 | 1.45 | SEC (XBRL)· 17 Feb 2026verified |
| Weighted average diluted shares | 382.8 m | 421.2 m | 410.2 m | 409.0 m | 407.2 m | 401.0 m | SEC (XBRL)· 17 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.8 bn | 2.1 bn | 1.6 bn | 1.6 bn | 1.5 bn | 1.2 bn | SEC (XBRL)· 17 Feb 2026verified |
| Receivables | 861.8 m | 948.6 m | 1.1 bn | 1.2 bn | 1.3 bn | 1.5 bn | SEC (XBRL)· 17 Feb 2026verified |
| Inventories | 716.7 m | 854.2 m | 1.0 bn | 1.0 bn | 1.1 bn | 1.2 bn | SEC (XBRL)· 17 Feb 2026verified |
| Current assets | 3.9 bn | 4.1 bn | 4.0 bn | 4.1 bn | 4.2 bn | 4.2 bn | SEC (XBRL)· 17 Feb 2026verified |
| Property, plant & equipment, net | 609.0 m | 648.6 m | 624.4 m | 711.4 m | 842.1 m | 930.3 m | SEC (XBRL)· 17 Feb 2026verified |
| Goodwill | 5.6 bn | 6.0 bn | 6.1 bn | 6.6 bn | 8.1 bn | 8.5 bn | SEC (XBRL)· 17 Feb 2026verified |
| Intangibles (excl. goodwill) | 3.8 bn | 3.9 bn | 3.6 bn | 3.6 bn | 4.4 bn | 4.2 bn | SEC (XBRL)· 17 Feb 2026verified |
| Total assets | 16.1 bn | 15.2 bn | 14.8 bn | 15.6 bn | 18.0 bn | 18.3 bn | SEC (XBRL)· 17 Feb 2026verified |
| Accounts payable | 536.4 m | 670.5 m | 778.7 m | 801.2 m | 843.6 m | 996.1 m | SEC (XBRL)· 17 Feb 2026verified |
| Short-term debt | 0 | 38.8 m | 36.5 m | 30.6 m | 3.1 m | 1.4 m | SEC (XBRL)· 17 Feb 2026verified |
| Long-term debt | — | 2.8 bn | — | — | — | — | SEC (XBRL)· 25 Feb 2022verified |
| Current liabilities | 1.5 bn | 1.5 bn | 1.7 bn | 1.8 bn | 1.8 bn | 2.1 bn | SEC (XBRL)· 17 Feb 2026verified |
| Total liabilities | 6.9 bn | 6.1 bn | 5.5 bn | 5.7 bn | 7.8 bn | 8.1 bn | SEC (XBRL)· 17 Feb 2026verified |
| Equity | 9.2 bn | 9.1 bn | 9.3 bn | 9.8 bn | 10.2 bn | 10.2 bn | SEC (XBRL)· 17 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 914.3 m | — | — | 1.4 bn | 1.4 bn | 1.4 bn | SEC (XBRL)· 17 Feb 2026verified |
| Capex | 42.0 m | 64.1 m | 94.6 m | 105.4 m | 149.1 m | 135.6 m | SEC (XBRL)· 17 Feb 2026verified |
| Free cash flow | 872.3 m ≈ | — | — | 1.3 bn ≈ | 1.2 bn ≈ | 1.2 bn ≈ | SEC (XBRL)· 17 Feb 2026derived |
| Investing cash flow | -37.9 m | — | — | -1.1 bn | -3.1 bn | -660.6 m | SEC (XBRL)· 17 Feb 2026verified |
| Financing cash flow | 328.7 m | -1.2 bn | -954.0 m | -337.5 m | 1.7 bn | -1.1 bn | SEC (XBRL)· 17 Feb 2026verified |
| Dividends paid | 0 | 8.2 m | 32.4 m | 32.4 m | 32.3 m | 31.8 m | SEC (XBRL)· 17 Feb 2026verified |
| Share repurchases | 2.1 m | 736.8 m | 261.1 m | 263.0 m | 260.7 m | 1.0 bn | SEC (XBRL)· 17 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 66 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 32.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation45
- Balance sheet91
- Quality89
- Growth37
- Returns67
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 51.29 – 156.56 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)67.85 – 102.86 (Mid 81.47)WACC 9.2% · starting FCFF 1.7 bn USD · terminal value share of EV 73%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 10.5%
- Peers: EV/EBITDA84.16 – 156.56 (Mid 100.13)3 companies used · median multiple 15.8x · quartiles 13.2x – 24.9xGHM, GTES, ZBRA
- Peers: P/E51.29 – 94.44 (Mid 92.91)7 companies used · median multiple 26.1x · quartiles 14.4x – 26.6xEFXT, GTEC, GTES, ITW, TWIN, ZBRA, ZWS
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 66/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 16.7% | 83 (vs peers) | 10% |
| Net margin · Quality | 17.2% | 88 (vs peers) | 6% |
| FCF conversion · Quality | 109.5% | 100 (on a fixed band) | 6% |
| Revenue CAGR 3Y · Growth | 8.9% | 75 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | -0.5% | 0 (on a fixed band) | 8% |
| Net debt / EBITDA · Balance sheet | -0.3x | 100 (on a fixed band) | 10% |
| Interest coverage · Balance sheet | 7.2x | 88 (on a fixed band) | 6% |
| Current ratio · Balance sheet | 1.7x | 74 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 23.7x | 63 (vs peers) | 10% |
| EV/EBITDA · Valuation | 13.3x | 16 (on a fixed band) | 10% |
| FCF yield · Valuation | 4.7% | 59 (on a fixed band) | 8% |
| Shareholder yield (distributions) · Returns | 3.2% | 46 (on a fixed band) | 6% |
| Payout ratio (FCF) · Returns | 2.0% | 100 (on a fixed band) | 4% |
Score groups
- Balance sheet91/100 · 3/3 factors with a value
- Growth37/100 · 2/2 factors with a value
- Quality89/100 · 3/3 factors with a value
- Returns67/100 · 2/2 factors with a value
- Valuation45/100 · 3/3 factors with a value
Memo
Ingersoll Rand Inc. (IR). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 7.7 bn USD in 2025; YoY growth 5.7%; net margin 17.2%; ROE 13.4%; net debt/EBITDA -0.3x.
The estimated value range is 67.85–102.86 USD per share (median of 3 methods, agreement: high); assumptions are illustrative. Against the central value of 92.91 USD, the price of 84.18 USD leaves a potential of 10.4% (value / price − 1) and a margin of safety of 9.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 66/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 16.7%
- Net margin: 17.2%
- FCF conversion: 109.5%
- Revenue CAGR 3Y: 8.9%
- Net debt / EBITDA: -0.3x
- Interest coverage: 7.2x
- Current ratio: 1.7x
- Payout ratio (FCF): 2.0%
What contradicts it
- EPS CAGR 3Y: -0.5%
- EV/EBITDA: 13.3x
Versus the vertical median
General Industrial Machinery & Equipment (SIC 3560) · same industry (4-digit SIC) · compared with 8 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ITWIllinois Tool Works Inc | 83.4 bn | 26.1 | 101.7% | 19.4% | +0.9% | +18% / +21% |
| IRIngersoll Rand Inc. | 32.3 bn | 23.7 | 13.4% | 17.2% | +5.7% | +9% / +29% |
| ZBRAZebra Technologies Corporation | 15.7 bn | 26.8 | 16.5% | 9.8% | +8.3% | +32% / +40% |
| ZWSZurn Elkay Water Solutions Corporation | 7.5 bn | 26.3 | 17.7% | 15.9% | +8.3% | −5% / +53% |
| GTESGates Industrial Corporation Ltd. | 6.1 bn | 17.0 | 10.6% | 10.4% | +1.0% | +7% / +100% |
| EFXTEnerflex Ltd | 2.5 bn | 39.3 | 6.0% | 2.5% | +6.5% | +46% / +377% |
| GHMGraham Corporation | 816.0 m | 67.1 | 7.5% | 4.5% | +16.9% | +21% / +275% |
| TWINTwin Disc, Incorporated | 370.7 m | 11.9 | 16.3% | 8.0% | +11.9% | +64% / +86% |
| GTECGreenland Technologies Holding Corporation | 10.7 m | 0.9 | 16.0% | 12.3% | +8.0% | −51% / −79% |
1- and 3-year price returns: for IR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 52.76 Total return -37% · Per year -37% | 93.09 Total return 11% · Per year 11% | 139.95 Total return 66% · Per year 66% |
| 3 years | 55.89 Total return -34% · Per year -13% | 110.49 Total return 31% · Per year 9% | 181.72 Total return 116% · Per year 29% |
| 5 years | 59.20 Total return -30% · Per year -7% | 131.15 Total return 56% · Per year 9% | 235.95 Total return 180% · Per year 23% |
- Exit P/E± 27.62
- Net margin± 19.34
- Annual revenue growth± 15.22
- Annual dilution± 1.62
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Jul 2026; since then the company filed 10-Q (30 Oct 2026), 8-K (29 Oct 2026 · results).
In brief
Ingersoll Rand Inc. is a global provider of flow creation and industrial and life science solutions, with operations across six continents 1. In 2025 it had over 21,000 employees and over 60 key manufacturing facilities 1. For the second quarter of 2026 it reported revenues of 2049 million USD, up 9%, and its 2026 revenue growth guidance is 4.5% to 6.5% 3.
SWOT
Strengths
Weaknesses
- A large share of revenue and costs is in foreign currencies, which makes results sensitive to exchange rates 1.
- Adjusted EBITDA margin in the industrial segment declined in the second quarter of 2026 due to inflationary pressures 3.
- Some critical components come from single sources, which raises exposure to disruption 1.
Opportunities
Risks
- Exposure to the global economyhigh
Demand depends on industrial investment, and an economic slowdown could weigh on revenue and profitability 1.
- International operationshigh
Most revenue comes from outside the United States, so political, currency and regulatory risks could affect results 1.
- Tariffs and trade policymedium
Uncertainty over tariffs could raise material costs and affect demand in some markets 12.
- Raw material costsmedium
Sharp increases in the cost of cast iron, aluminum, steel and copper could reduce margins if they cannot be passed on to customers 1.
- Acquisition integration and cyber securitylow
Integrating acquisitions and any failure of information systems could disrupt operations 1.
Investment thesis
What would need to be true (bull case)
- A large installed base and recurring parts and services revenue could provide stability even in a weak economic cycle 1.
- Orders rose in the second quarter of 2026, and the precision and science segment showed strong organic growth 3.
- If the recent acquisitions are integrated successfully, the company could expand its portfolio in filtration and blowers 3.
What would break the thesis
- The industrial segment's margin declined, and cost pressures could persist if prices cannot be adjusted enough 3.
- High exposure to markets outside the United States and to foreign currencies could amplify losses in periods of instability 1.
- Tariffs and retaliatory trade measures could persist, which might reduce demand and raise costs in several markets 2.
What to watch
- Delivery of 2026 revenue and Adjusted EBITDA guidanceQ4 2026
- Closing of the Fai Filtri acquisitionQ4 2026
- Effect of tariffs and IEEPA refunds on costs2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Jul 2026; since then the company filed 10-Q (30 Oct 2026), 8-K (29 Oct 2026 · results).
The business
The company designs, manufactures and sells compressors, pumps, vacuum and blower products, together with associated parts and services, under more than 90 brands including Ingersoll Rand and Gardner Denver 1. Aftermarket parts, consumables and services represented 36.5% of total revenue in 2025, providing a recurring revenue stream from its installed base 1. Acquisitions are part of the growth strategy, including SSI Aeration for 97.8 million USD and TMIC/Adicomp for 193.2 million USD in 2025 1.
In the second quarter of 2026, revenues were 2049 million USD and Adjusted EBITDA was 520 million USD, with a margin of 25.4% 3. Liquidity stood at 3.8 billion USD at June 30, 2026 3. Net debt to Adjusted EBITDA leverage was 1.7x 3.
Market context
The company's markets are tied to customers' capital spending and industrial capacity utilization, and demand for compressors and related products tends to follow these indicators 1. Life sciences benefits from trends such as higher healthcare spending and an aging population 1. The flow products market is fragmented, so price, quality and local presence matter 1.
Management describes the 2026 macroeconomic environment as uncertain, due to inflation, elevated interest rates, shifts in U.S. trade policy and conflicts in Ukraine and the Middle East 2. Tariffs were ruled unauthorized in part by a court, and the company is still monitoring cost and supply chain effects 2.
Trends
- Industrial investment cyclemixed
Demand for industrial equipment depends on customer investment and capacity use, so a recovery in investment could support sales of compressors and vacuum products 1. A slowdown would have the opposite effect 1.
- Acquisitions and integrationmixed
The company keeps using acquisitions for growth, and in 2026 it announced deals such as Fai Filtri and a U.S. blower manufacturer 3. These can add growth, but integration and valuation risks could reduce the expected benefits 1.
- Trade policy and tariffsheadwind
Tariffs on steel, aluminum and imports have raised material costs, and their legal status remains uncertain 1. If tariffs stay high, costs and demand in some markets could be affected 2.
- Life sciences demandtailwind
Trends such as health investment and safety infrastructure in emerging economies can support demand for the precision and science segment 1. Order growth in this segment in the second quarter of 2026 partly reflects this direction 3.
Competitive position
In compressors, vacuum and blowers, principal competitors include Atlas Copco, Flowserve, IDEX Corporation, Kaeser Compressors, Kaishan Group and Elgi Equipments, in a fragmented market 1. In precision and science, competitors include Dover, Graco, IDEX, KNF Neuberger, Netzsch, NOV, Sartorius, SPX Flow, Thermo Fisher Scientific and Watson-Marlow 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Is Ingersoll Rand Stock Underperforming the S&P 500?Yahoo Finance — News · 12 Sept 2026 · EN
The latest news item in our archive is from 12 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report30 Oct 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report30 Oct 2026
- Current report29 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report31 Jul 2026
- Current report30 Jul 2026Results of operations · Financial statements and exhibits
- Current report16 Jun 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Quarterly report29 Apr 2026
- Current report28 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement24 Apr 2026
- Annual report17 Feb 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Ingersoll Rand Inc. · 17 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Ingersoll Rand Inc. · 31 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Ingersoll Rand Inc. · 30 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.