Ingersoll Rand

Ingersoll Rand Inc. makes mission-critical flow creation and life science and industrial equipment, from its base in Davidson, North Carolina. It has two segments. Industrial Technologies and Services (IT&S) sells compressors, vacuum products, blowers, air treatment, power tools and lifting equipment, and made $1,620 million of Q3 2026 revenue. Precision and Science Technologies (P&ST) sells liquid, gas, air and powder handling equipment for life sciences, industrial, aerospace and defense uses, and made $445 million.

Q3 2026 orders were $2,345 million, up 21%, revenue was $2,065 million, up 6%, and adjusted EBITDA was $584 million, which is 28.3% of revenue. Vicente Reynal is Chairman and Chief Executive Officer. Ingersoll Rand grows by buying companies: it bought Lone Star Blower for $88.9 million on August 3, 2026. The pick is the common stock on the NYSE (IR), in US dollars.

The market prices Ingersoll Rand as a cyclical industrial company whose margins are under pressure from inflation and tariffs. The IT&S adjusted EBITDA margin without tariff refunds fell 1.2 percentage points from a year earlier to 27.8% in Q3 2026. Reported Q3 profit also included a $380.1 million gain from the ILC Dover insurance settlements and a tariff refund, so adjusted results without the refunds are the cleaner measure. For the price to rise, the orders that grew 18% organically in Q3 must turn into revenue above the 2% to 3.5% organic growth that the company guides for 2026, margins must recover from inflation, and buybacks and acquisitions must keep adding to earnings per share.

The board added $2 billion to the buyback program. The Q4 report in February 2027 and its 2027 plan are the next test. If orders convert and margins recover, the gap can close within about two years. If costs keep rising faster than prices, or if industrial demand weakens, the gap could last longer.

1. Feb 11, 2027 · est.Pending

   Q4 2026 results and 2027 guidanceFull-year adjusted EBITDA of $2,130 million or more without tariff refunds, with growth guided for 2027, passes; lower EBITDA or flat guidance fails.
2. Apr 29, 2027 · est.Pending

   Q1 2027 results: IT&S marginAn IT&S adjusted EBITDA margin above the Q3 2026 level of 27.8% without refunds passes; a lower margin fails.

Every passed and failed checkpoint across all picks

• October 30, 2026Ingersoll Rand said that Michael Weatherred, Senior Vice President of the Precision and Science Technologies segment, retired on October 27, 2026 and will advise the company through May 2028. The board also approved a new performance-based equity award for Vicente Reynal, the Chief Executive Officer.
• October 29, 2026Ingersoll Rand reported Q3 2026 results. Orders were $2,345 million, up 21%, revenue was $2,065 million, up 6%, and adjusted net income was $415 million ($1.07 per share). Without IEEPA tariff refunds, adjusted EBITDA was $552 million and adjusted earnings per share were $1.01. It updated its 2026 guidance and added $2 billion to its share repurchase program.
• October 29, 2026Ingersoll Rand said that it reached settlements with insurance carriers and other parties for the ILC Dover transaction, with gross recoveries of about $425.1 million. It collected $25.0 million in Q2 and $162.5 million in Q3 2026 and expects the rest in Q4 2026. It also expected to close the purchase of a US pump manufacturer on October 30, 2026.

Last earnings

October 29, 2026 (8-K on sec.gov)

Next earnings

Expected about February 11, 2027. The company has not confirmed the date.

• 8-KChange of directors or officers and Investor disclosureFiled October 30, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 30, 2026 · iri-20260930
• 8-KEarnings releaseFiled October 29, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 31, 2026 · iri-20260630
• 8-KEarnings releaseFiled July 30, 2026 · Press release and exhibits
• 8-KChange of directors or officers and Shareholder vote resultsFiled June 16, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Mar 31, 2026Filed April 29, 2026 · iri-20260331
• 8-KEarnings releaseFiled April 28, 2026 · Press release and exhibits
• 10-KAnnual report for the period ended Dec 31, 2025Filed February 17, 2026 · iri-20251231
• 8-KEarnings releaseFiled February 12, 2026 · Press release and exhibits

Every filing on SEC EDGAR (CIK 1699150)

• Industrial cycle. Orders for compressors, pumps and other equipment follow industrial spending. A fall in demand would cut revenue, and fixed costs would cut profit faster.
• Margin pressure. The IT&S adjusted EBITDA margin without tariff refunds was down 1.2 percentage points from a year earlier in Q3 2026, mainly because of inflation. Tariffs add costs, and refunds of IEEPA tariffs may not repeat.
• Acquisitions. Ingersoll Rand grows through many purchases. A purchase can fail to deliver its profit. In 2025 it booked impairments of $229.7 million on businesses from the ILC Dover transaction.
• Debt. Debt was $4,736.5 million at September 30, 2026, of which $700.2 million, the 5.197% notes due June 2027, is current. Net debt to adjusted EBITDA was 1.6 times.
• Leadership changes. The segment head of Precision and Science Technologies retired in October 2026, and the board gave the Chief Executive Officer a new equity award tied to performance.

At September 30, 2026, Ingersoll Rand had cash of $1,342.7 million and debt of $4,736.5 million ($700.2 million due within a year and $4,036.3 million long-term), so net debt was $3,393.8 million. Net debt to adjusted EBITDA was 1.6 times. Read more

Yield at the current rate

0.1% (current annual rate, at today’s price)

Dividend yield

0.1% (last 12 months, at today’s price of $85.08)

Paid per share

$0.08 in the last 12 months (4 payments)

Current annual rate

$0.08 ($0.02 × 4 a year)

Payout ratio

6% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

November 12, 2026, $0.02 per share

Dividends per share by year

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.