Loading…
Makes industrial pumps, compressors and blowers used in manufacturing, energy and infrastructure applications.
Makes industrial pumps, compressors and blowers used in manufacturing, energy and infrastructure applications.
Sells the machines but earns a steady stream from replacement parts, consumables and service for equipment it has already installed, which tends to run for years. Acquisition is a deliberate growth route, often of smaller specialist pump and flow businesses. It took its current form in 2020, when Gardner Denver combined with the industrial arm of Ingersoll Rand.
Moat: narrow (scale, installed base, distribution). Large installed base and aftermarket parts/service network across a broad compressor/pump product line.
Headquarters: Davidson, North Carolina, US · Founded: 1905 · Employees: 21,000
Size Ingersoll Rand (IR) is a United States Industrials company (Industrial Machinery) with a market value of $31.9B, the 344th largest of 3,117 United States companies the cockpit tracks. Shares closed at $82.99 on 6 Nov 2026.
Performance Over six months the shares gained 9.6%, against -11.2% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +9.6%); the operating margin is 18.7% (peer median 16.9%).
Valuation It trades at 21.8× forward earnings against a peer median of 24.5× (7th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.5 points below its cost of capital (9.9% WACC).
Credit Ingersoll Rand has 7 bonds outstanding ($4.80B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 76 bp.
Short interest Short interest is 3.9% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $8.05B | $7.65B | $7.24B | $6.88B | $5.92B |
| Revenue growth | — | +6% | +5% | +16% | — |
| Gross profit | $3.04B | $2.95B | $2.80B | $2.51B | $1.98B |
| EBITDA | $2.05B | $1.99B | $1.92B | $1.71B | $1.31B |
| Net income | $1.38B | $581M | $839M | $779M | $608M |
| Free cash flow | $1.52B | $1.22B | $1.25B | $1.27B | $766M |
| Capital expenditure | $125M | $136M | $149M | $105M | $94.6M |
| Total debt | $4.80B | $5.02B | $4.98B | $2.88B | $2.87B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ingersoll Rand IR | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% |
| Atlas Copco ATCO-A.ST | $87.5B | +4% | +3% | 20% | 29.7× | 17.7% |
| Dover DOV | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.4% | -5.1% | 5th highest of 21 |
| 6-month return | +9.6% | -11.2% | 4th highest of 20 |
| Distance from 52-week high | -17.8% | -33.5% | 8th highest of 21 |
| Revenue growth (TTM) | +8.0% | +9.6% | 10th lowest of 21 |
| Operating margin | 18.7% | 16.9% | 9th highest of 21 |
| Forward P/E | 21.8× | 24.5× | 7th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 17.3% | 16.6% | 9th most demanding of 19 |
| Growth delivered (Del g) | +14.0% | +9.2% | 7th highest of 19 |
| Hurdle (Req g minus delivered) | +3.3 pp | +5.4 pp | 9th least demanding of 19 |
| ROIC minus cost of capital | -1.5 pp | +4.3 pp | 4th lowest of 20 |
| EV / EBITDA | 17.2× | 15.9× | 7th most expensive of 14 |
| Net debt / EBITDA | 1.7× | 0.8× | 3rd most indebted of 16 |
| Bond spread | 76 bp | 79 bp | 4th tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ingersoll Rand IR | United States | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% | +14.0% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | China | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% | 0.0% |
| Fanuc 6954.T | Japan | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% | +9.2% |
| ASM International ASM.AS | Netherlands | $35.5B | -28% | +13% | 31% | 27.0× | 30.0% | +19.0% |
| Veralto VLTO | United States | $28.5B | +35% | +6% | 22% | 24.6× | 8.3% | +4.8% |
| Eoptolink Technology 300502.SZ | China | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% | +65.5% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | China | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% | +40.3% |
| Dover DOV | United States | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% | +3.9% |
| Schindler SCHN.SW | Switzerland | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% | +0.6% |
| Yushu Technology 688836.SS | China | $39.8B | n/a | +333% | 19% | n/a | n/a | n/a |
| Daikin Industries 6367.T | Japan | $40.4B | -1% | +11% | 8% | 21.8× | 7.4% | +15.0% |
| Carrier Global CARR | United States | $42.9B | -22% | +3% | 9% | 17.2× | 19.0% | +4.5% |
| Alfa Laval ALFA.ST | Sweden | $22.5B | 0% | +4% | 18% | 24.2× | 7.9% | +10.9% |
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Smc 6273.T | Japan | $21.9B | -27% | +16% | 24% | 15.9× | 16.2% | +8.8% |
| Zhejiang Sanhua Intelligent Controls 002050.SZ | China | $21.5B | -28% | +3% | 15% | 33.3× | 23.8% | +20.8% |
| VAT VACN.SW | Switzerland | $19.0B | -11% | -2% | 25% | 48.2× | 25.8% | +9.2% |
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| Nordson NDSN | United States | $17.3B | +10% | +7% | 27% | 24.5× | 15.4% | +5.6% |
| NAURA Technology 002371.SZ | China | $60.6B | +4% | +18% | 11% | 56.5× | 33.4% | +45.5% |
Ingersoll Rand has 7 bonds outstanding with $4.80B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.47%, a spread of 76 bp over government bonds.