Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc (now known as Trane Technologies) and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets. Based in Davidson, North Carolina, Ingersoll Rand operates in two segments: Industrial Technologies and Services and Precision and Science Technologies.
Ingersoll Rand is headquartered in Davidson, NC. The company has a rich heritage dating back to 1871, establishing itself as a pioneer in industrial technology and flow creation solutions. Through strategic acquisitions and organic growth, Ingersoll Rand has evolved into a comprehensive solutions provider serving diverse end markets across the globe.
As of May 2025, Ingersoll Rand has a market cap of $34.09 Billion USD. This makes Ingersoll Rand the world's 617th most valuable company according to our data. The company demonstrates strong financial performance with impressive revenue growth and profitability metrics.
Key Financial Highlights:
- The trailing twelve-month revenue for Ingersoll Rand is $7.28 Billion.
- Ingersoll Rand's EPS for 12 months was $2.04.
- For the full year 2024, Ingersoll Rand reported revenues of $7,235 million, a 5% increase from 2023. Net income reached $839 million ($2.06 per share), while adjusted net income rose to $1,349 million ($3.29 per share), up 11%.
- Adjusted EBITDA grew 13% to $2,018 million with a margin of 27.9%.
- The company generated $1,397 million in operating cash flow and $1,248 million in free cash flow.
Delivered Record First Quarter Orders, Revenue, and Free Cash Flow. First Quarter 2025 Highlights (All comparisons against the first quarter of 2024 unless otherwise noted.) Strong performance driven by its competitive differentiator - Ingersoll Rand Execution Excellence (IRX): Reported orders of $1,882 million, up 10%. Reported revenues of $1,717 million, up 3%. Reported net income attributable to Ingersoll Rand Inc. of $187 million, or earnings of $0.46 per share. Adjusted net income of $293 million.
The Industrial Technologies and Services (ITS) segment designs, manufactures, markets, and services a broad range of air and gas compression, vacuum and blower products, fluid transfer equipment, loading systems, power tools, and lifting equipment. The principal brands include Ingersoll Rand, Gardner Denver, CompAir, Nash, and Elmo Rietschle.
Industrial Technologies and Services Segment (IT&S): Broad range of compressor, vacuum, blower, and air treatment solutions as well as industrial technologies including power tools and lifting equipment. This segment represents the core of Ingersoll Rand's business, serving industrial customers across manufacturing, energy, and other heavy industries.
The Precision and Science Technologies (PST) segment designs, manufactures, and markets specialized positive displacement pumps, fluid management equipment, liquid and precision syringe pumps and compressors, and aftermarket parts. Principal brands include Milton Roy, Haskel, ARO, Thomas, Welch, Dosatron, YZ, SEEPEX, and others.
The Precision and Science Technologies (P&ST) segment, which provides precision handling technologies for liquids, gases, air, and powders in life sciences, industrial, aerospace, and defense applications, saw Q4 orders increase 29% to $378 million. Revenues were $388 million, up 24%.
Ingersoll Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, and fluid management. Ingersoll Rand's product portfolio is diverse and includes air compressors, power tools, material handling systems, and fluid management equipment. The company serves various industries such as manufacturing, energy, healthcare, and transportation.
The company's extensive product range enables it to serve customers across multiple sectors, from traditional manufacturing and energy industries to specialized applications in healthcare, aerospace, and defense. This diversification provides stability and growth opportunities across different market cycles.
Ingersoll Rand has maintained an active acquisition strategy to expand its capabilities and market reach. Ingersoll Rand's most recent deal was a Merger/Acquisition with Advanced Gas Technologies (Gas Utilities). The deal was made on April 15, 2025.
Recent acquisitions include:
- SSI Aeration, a leading global manufacturer in the design and manufacturing of wastewater treatment plant equipment.
- Excelsior Blower Systems, a key provider and packager of blower technology.
- Toshniwal Industries Pvt. Ltd., a leading manufacturer of vacuum pumps and vacuum systems.
Ingersoll Rand's record Adjusted EBITDA margin in 2024 was driven by several operational improvements under the IRX initiative. The company's focus on operational excellence through its Ingersoll Rand Execution Excellence (IRX) program has been a key driver of performance improvement and margin expansion.
Ingersoll Rand remains in a strong financial position with ample liquidity of $4.2 billion. The company maintains a disciplined approach to capital allocation, prioritizing strategic acquisitions while returning capital to shareholders through dividends and share repurchases.
The Board has authorized a $1 billion increase to the Company's share repurchase program. The Company remains confident in its long-term value creation and strong cash generation. Continue to focus on bolt-on acquisitions as well as targeting up to $750 million of share repurchases by the end of 2025.
Looking ahead, the company expects revenue growth of 3% to 5% in 2025 and adjusted EBITDA between $2,130 million and $2,190 million, representing 6% to 9% growth over 2024. The company's strategic positioning across diverse end markets, combined with its operational excellence initiatives and active acquisition strategy, positions it well for continued growth and value creation for shareholders.
