Ingersoll Rand Inc.
Ingersoll Rand Inc. makes mission-critical flow creation equipment and related industrial and life science solutions, with a portfolio centered on compressors, pumps, vacuum systems, blowers, and aftermarket services. The company sells into end markets where uptime, efficiency, and application-specific performance matter, including life sciences, food and beverage, clean energy, water and wastewater, and industrial manufacturing.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCompressors, pumps, vacuum systems, blowers, and related equipment used to move air, gas, powder, and liquids.
Replacement parts, wear items, and consumables sold to support the installed base and recurring maintenance needs.
Field service, repair, technical support, and installation-related services for critical applications.
Specialized, application-specific offerings such as wastewater aeration and renewable natural gas compressor systems.
Products
Reported · share of revenue- Original Equipment63.5 %
- Aftermarket36.5 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Customers are industrial and life science operators that need reliable equipment and fast service to avoid downtime. The company sells directly to end users and OEMs, and also through specialty/national distributors and EPC firms, with no single customer representing more than 10% of 2025 revenue. End markets include life sciences, food and beverage, chemical processing, energy, infrastructure, and water and wastewater treatment.
Factories and process operators buy compressors, pumps, blowers, and service to keep production lines running and reduce downtime.
Buy qualified, high-performance fluid handling and vacuum solutions for sensitive applications where reliability and compliance matter.
Purchase components and systems that are integrated into larger industrial equipment and require technical assistance.
Buy inventory and sell into local markets, expanding reach and supporting aftermarket parts and service.
Source engineered equipment for project delivery in infrastructure, energy, and process industries.
Strategy
The company is focused on acquiring complementary businesses that add technology, geography, or end-market exposure, while also strengthening core product categories. It is executing restructuring and business transformation programs to improve efficiency and support its two-segment operating model. Aftermarket growth, installed-base monetization, and application-critical solutions remain central to its competitive position.
Acquisitions can add technologies, geographies, and end-market access faster than organic growth alone.
Water and wastewater, renewable natural gas, and other sustainability-linked markets can support growth and diversification.
Parts, consumables, and services provide recurring revenue and leverage the installed base.
Facility reorganization and other initiatives are intended to improve productivity and margins.
Geography
Q1/2026Ingersoll Rand sells in all major geographic markets and operates with a broad global footprint. The company is subject to demand swings across industrial cycles and to foreign exchange, integration, and regulatory risks as it expands through acquisitions outside the United States. Its tax profile also reflects operations in 49 jurisdictions outside the U.S., underscoring the international nature of the business.
Share of the revenue the company reports by geography.
Risks
Demand is exposed to global industrial cycles, capital spending trends, and customer liquidity, so a slowdown can quickly affect equipment orders and aftermarket activity. The company also faces integration risk from acquisitions, cyber and systems disruption risk, and foreign exchange/regulatory complexity because it operates globally and relies on digital and ERP systems. Because many products are application-critical, quality, qualification, and service execution are essential; any failure can damage reputation and reduce repeat business.
- Global economic and end-market cyclicalityImpact: HighLikelihood: Medium
Demand depends on industrial production and capital spending, which can weaken in downturns.
Exposure - Acquisition integration riskImpact: HighLikelihood: Medium
The company is using acquisitions as a growth lever, but integration can disrupt operations and delay synergies.
Exposure - Cyber and information systems disruptionImpact: HighLikelihood: Medium
Operations depend on ERP and transaction systems; outages can cause business interruption and liability.
Exposure - Foreign exchange and international regulatory exposureImpact: MediumLikelihood: Medium
A large share of operations and tax jurisdictions are outside the U.S., increasing complexity and volatility.
Exposure: Non-U.S. operations and cross-border acquisitions
Accounting
Judgemental itemsShort-duration sales are recognized at shipment or delivery, while certain engineered contracts are recognized over time.
Impact: Quarterly revenue and margin timing can shift with project mix
Recent acquisitions add identifiable intangibles and future impairment risk.
Impact: Non-cash amortization and potential impairment charges affect earnings
Facility reorganization, relocation, and related costs are part of ongoing transformation.
Impact: Can create period-to-period volatility in operating income
Operations span 49 jurisdictions outside the U.S., making tax rates sensitive to geographic earnings mix.
Impact: Effective tax rate can vary with profit location and tax credits
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Last updated: 24/09/2026