IRIngersoll Rand Inc.
General Industrial Machinery & Equipment
- Revenue
- $7.7B
- 5.7% YoY
- Operating margin
- 15.0%
- 17% YoY
- EBITDA
- $1.7B
- 7.4% YoY
- Market cap
- $31.3B
- Employees
- 21,000
- $364K revenue each
- Net debt / EBITDA
- 1.6×
- $2.7B net debt
- AI in 10-K
- 2.9
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$16M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo233% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo77% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes46% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$364K · 37th pctBottom quartile of its SIC industry
- Quiet on AINo2.9 per 10K words · 69th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.6× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$31.3B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$59M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.2B | $5.9B | $6.9B | $7.2B | $7.7B | 5.7% |
| Operating income | $566M | $817M | $1.2B | $1.3B | $1.1B | 12% |
| Net income | $563M | $605M | $779M | $839M | $581M | 31% |
| Operating cash flow | $628M | $865M | $1.4B | $1.4B | $1.4B | 2.9% |
| Capex | $64M | $95M | $105M | $149M | $136M | 9.1% |
| Stock-based comp | $87M | $79M | $52M | $59M | $53M | 9.9% |
| Buybacks | $737M | $261M | $263M | $261M | $1.0B | 290% |
| Dividends | $8M | $32M | $32M | $32M | $32M | 1.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $1M · 1
- Open-market sells, 12 mo
- $60M · 21
- Net
- −$59M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $16M | −$30M | 175 | 190 |
| FY2024 | $17M | $42M | 199 | 159 |
| FY2023 | $16M | $67M | 170 | 135 |
| FY2022 | $55M | $51M | 115 | 114 |
| FY2021 | $11M | $27M | 136 | 121 |