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Ingersoll Rand

IR on NYSE. Ingersoll Rand sells compressors, pumps, and blowers to industrial and life science customers. Market value $30.5bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Industrials stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
4.0%fair

For every $100 of what the whole company costs, it produced $3.97 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
23.9×full

You pay 23.9 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
6.6%five-year median

Each dollar kept in the business earns 7 cents a year. Above 10 is good.

Quality score: 88 of 100. Price score: 50 of 100. Our list needs 70 on quality and 60 on price.

$79.21 a share, 16% above its 1-year low

Over the past year the price has ranged from $68.07 to $100.96.

Dividend: 0.1% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.6
0.8
1.3
1.2
1.2
1.2
2021202220232024202512 monthsto Jun '26
Revenue
$5.2bn$5.9bn$6.9bn$7.2bn$7.7bn
Operating margin
11.0%13.8%16.9%18.0%15.0%
Debt to equity
0.380.300.280.470.47
Shares outstanding
0.40bn0.40bn0.40bn0.40bn0.39bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)6 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.47× equity
  • Revenue growth, five yearsStrong, 14.0% a year
  • Buying back its own sharesYes, 4% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $2 billion last quarter, up 9% on a year ago.
  • Profit: $257 million, after a loss of $115 million a year ago.
  • It keeps 18 cents of each $1 of sales as operating profit, up from 15 cents a year earlier.
  • Spare cash over the past 12 months: $1.2 billion, down from $1.3 billion.
  • 2% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $3.6 billion more than cash, up from $3.5 billion a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$1.9bn
December 2024$1.9bn
March 2025$1.7bn
June 2025$1.9bn
September 2025$2.0bn
December 2025$2.1bn
March 2026$1.8bn
June 2026$2.0bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$222m
December 2024$230m
March 2025$187m
June 2025-$115m
September 2025$244m
December 2025$266m
March 2026$192m
June 2026$257m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
29 October 2026
Last annual report (10-K)
17 February 2026
Next quarterly (estimated, 10-Q)
30 October 2026

Who owns it

6 long-term investors we follow own it, unchanged from 6 last quarter. 892 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $1m of shares on the open market. 7 sold $60m, $50m of it under preset trading plans.

  • Satpathy Aurobind
    Director
    Bought
    Date
    3 August 2026
    Shares
    11,538
    Price
    $86.68
    Value
    $1m
  • Reynal Vicente
    See Remarks, Director
    Sold
    under a preset trading plan
    Date
    13 April 2026
    Shares
    30,492
    Price
    $88.00
    Value
    $3m
  • Reynal Vicente
    See Remarks, Director
    Sold
    under a preset trading plan
    Date
    2 March 2026
    Shares
    118,044
    Price
    $94.11
    Value
    $11m
  • Kini Vikram
    Senior Vice President and CFO
    Sold
    Date
    20 February 2026
    Shares
    28,367
    Price
    $96.50
    Value
    $3m
  • Humphrey John
    Director
    Sold
    Date
    19 February 2026
    Shares
    4,300
    Price
    $95.90
    Value
    $412,370
  • Reynal Vicente
    See Remarks, Director
    Sold
    under a preset trading plan
    Date
    18 February 2026
    Shares
    900
    Price
    $100.00
    Value
    $90,000
  • Scheske Michael J
    VP, Chief Accounting Officer
    Sold
    Date
    17 February 2026
    Shares
    19,122
    Price
    $97.67
    Value
    $2m
  • Hepding Elizabeth Meloy
    See Remarks
    Sold
    Date
    17 February 2026
    Shares
    18,246
    Price
    $97.11
    Value
    $2m
  • Keene Kathleen M.
    See Remarks
    Sold
    Date
    17 February 2026
    Shares
    12,000
    Price
    $99.46
    Value
    $1m
  • Schiesl Andrew R
    See Remarks
    Sold
    Date
    17 February 2026
    Shares
    18,000
    Price
    $98.00
    Value
    $2m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 17 Feb 2026, plus the 10-Q filed 31 Jul 2026 and 3 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.