Latest Ratios: P/E Ratio 52.6x · EV/EBITDA 17.4x · ROE 5.7%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $29.8B | $31.8B | $36.8B | $31.6B | $21.4B | $26.1B | $17.4B | $7.7B | $4.3B | $6.2B | — |
| Enterprise Value | $33.4B | $35.4B | $40.3B | $32.8B | $22.6B | $27.4B | $19.6B | $8.8B | $5.7B | $7.9B | — |
| P/E Ratio → | 52.57 | 54.63 | 43.91 | 40.71 | 35.30 | 46.17 | — | 48.26 | 15.85 | 339.30 | — |
| P/S Ratio | 3.90 | 4.15 | 5.09 | 4.60 | 3.62 | 5.06 | 4.39 | 3.80 | 1.59 | 2.63 | — |
| P/B Ratio | 3.01 | 3.13 | 3.60 | 3.21 | 2.32 | 2.87 | 1.90 | 4.10 | 2.55 | 4.23 | — |
| P/FCF | 24.45 | 26.04 | 29.52 | 24.87 | 27.99 | 47.26 | 20.15 | 25.53 | 10.90 | 43.45 | — |
| P/OCF | 22.00 | 23.43 | 26.37 | 22.97 | 24.91 | 42.34 | 19.08 | 22.32 | 9.62 | 31.14 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.62 | 5.57 | 4.77 | 3.82 | 5.32 | 4.94 | 4.35 | 2.13 | 3.32 | — |
| EV / EBITDA | 17.38 | 18.38 | 22.60 | 20.21 | 18.09 | 27.76 | 41.59 | 25.79 | 9.19 | 27.89 | — |
| EV / EBIT | 23.57 | 33.30 | 29.92 | 27.62 | 26.75 | 45.66 | 298.87 | 44.24 | 12.75 | 281.79 | — |
| EV / FCF | — | 28.99 | 32.28 | 25.79 | 29.53 | 49.74 | 22.68 | 29.28 | 14.60 | 54.91 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.5% | 38.5% | 43.8% | 41.9% | 39.3% | 38.6% | 35.4% | 38.6% | 37.6% | 37.8% | 37.0% |
| Operating Margin | 18.5% | 18.5% | 18.0% | 16.9% | 13.8% | 11.0% | 1.5% | 9.6% | 16.5% | 4.6% | 5.3% |
| Net Profit Margin | 7.6% | 7.6% | 11.6% | 11.3% | 10.2% | 10.9% | -0.8% | 7.9% | 10.0% | 0.8% | -1.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 8.3% | 8.2% | 6.6% | 6.2% | -0.6% | 9.0% | 17.1% | 2.1% | -10.8% |
| ROA | 3.2% | 3.2% | 5.0% | 5.1% | 4.0% | 3.6% | -0.3% | 3.5% | 5.9% | 0.4% | -0.8% |
| ROIC | 7.8% | 7.8% | 7.9% | 8.1% | 5.9% | 3.9% | 0.6% | 4.8% | 10.6% | 2.8% | 2.7% |
| ROCE | 8.7% | 8.7% | 8.7% | 8.7% | 6.1% | 4.0% | 0.6% | 4.9% | 11.1% | 2.8% | 2.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.48 | 0.48 | 0.49 | 0.28 | 0.30 | 0.38 | 0.43 | 0.87 | 1.00 | 1.38 | 10.22 |
| Debt / EBITDA | 2.52 | 2.52 | 2.79 | 1.70 | 2.23 | 3.52 | 8.36 | 4.78 | 2.68 | 7.21 | 10.06 |
| Net Debt / Equity | — | 0.35 | 0.34 | 0.12 | 0.13 | 0.15 | 0.24 | 0.60 | 0.87 | 1.12 | 9.28 |
| Net Debt / EBITDA | 1.87 | 1.87 | 1.93 | 0.72 | 0.94 | 1.38 | 4.65 | 3.30 | 2.33 | 5.82 | 9.13 |
| Debt / FCF | — | 2.95 | 2.76 | 0.92 | 1.54 | 2.48 | 2.54 | 3.74 | 3.70 | 11.46 | 27.65 |
| Interest Coverage | 4.18 | 4.18 | 6.31 | 7.58 | 8.19 | 6.85 | 0.59 | 2.25 | 4.51 | 0.20 | 0.63 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.06 | 2.06 | 2.29 | 2.22 | 2.37 | 2.80 | 2.58 | 2.69 | 2.23 | 2.61 | 2.39 |
| Quick Ratio | 1.49 | 1.49 | 1.71 | 1.67 | 1.76 | 2.22 | 2.10 | 1.81 | 1.35 | 1.72 | 1.50 |
| Cash Ratio | 0.60 | 0.60 | 0.85 | 0.87 | 0.96 | 1.44 | 1.17 | 0.88 | 0.37 | 0.70 | 0.51 |
| Asset Turnover | — | 0.42 | 0.40 | 0.44 | 0.40 | 0.34 | 0.25 | 0.44 | 0.60 | 0.51 | 0.45 |
| Inventory Turnover | 4.01 | 4.01 | 3.85 | 3.99 | 3.50 | 3.70 | 3.58 | 2.47 | 3.20 | 2.99 | 2.75 |
| Days Sales Outstanding | — | 72.42 | 67.37 | 65.51 | 69.22 | 67.20 | 79.17 | 83.06 | 71.30 | 82.41 | 83.11 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.0% | — | — | — | — | — |
| Payout Ratio | 5.5% | 5.5% | 3.9% | 4.2% | 5.4% | 1.5% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.9% | 1.8% | 2.3% | 2.5% | 2.8% | 2.2% | — | 2.1% | 6.3% | 0.3% | — |
| FCF Yield | 4.1% | 3.8% | 3.4% | 4.0% | 3.6% | 2.1% | 5.0% | 3.9% | 9.2% | 2.3% | — |
| Buyback Yield | 3.4% | 3.2% | 0.7% | 0.8% | 1.2% | 2.8% | 0.0% | 0.2% | 1.0% | 0.1% | — |
| Total Shareholder Yield | 3.5% | 3.3% | 0.8% | 0.9% | 1.4% | 2.9% | 0.0% | 0.2% | 1.0% | 0.1% | — |
| Shares Outstanding | — | $401M | $407M | $409M | $410M | $421M | $383M | $209M | $209M | $184M | $190M |
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying IR stock.
Ingersoll Rand Inc.'s current P/E ratio is 52.6x. The historical average is 40.7x. This places it at the 86th percentile of its historical range.
Ingersoll Rand Inc.'s current EV/EBITDA is 17.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.5x.
Ingersoll Rand Inc.'s return on equity (ROE) is 5.7%. The historical average is 2.7%.
Based on historical data, Ingersoll Rand Inc. is trading at a P/E of 52.6x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ingersoll Rand Inc.'s current dividend yield is 0.10% with a payout ratio of 5.5%.
Ingersoll Rand Inc. has 38.5% gross margin and 18.5% operating margin. Operating margin between 10-20% is typical for established companies.
Ingersoll Rand Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Elevated leverage from acquisitions
Metrics are mathematically derived from official filings.
Margin Resilience Masked by One-Offs
Gross margin averaged 43% over the last year, but 2025Q4's 24.1% anomaly and 2025Q2's operating loss distort the trend, per reported financials.
Excluding the 2025Q4 gross margin dip and 2025Q2 operating loss, operating margin has held near 18-20%, indicating stable core profitability. The 2026Q2 net margin of 12.5% is above the 10-quarter average, suggesting recent cost discipline. However, the volatility in quarterly margins warrants scrutiny of non-recurring items, as the 2025Q2 net loss of -6.1% was an outlier.
ROIC Compresses on Acquisition-Driven Asset Growth
ROIC has averaged 2.0% over the last four quarters, down from 2.1% in 2024Q1, per reported figures, as acquisition-related intangibles expand the capital base.
The modest ROIC, despite strong operating margins, reflects a goodwill-heavy balance sheet (goodwill at 47% of assets) and a low asset turnover of 0.11. This suggests that returns are being diluted by M&A, and the company is not yet compounding capital efficiently. Investors should monitor whether the IRX integration program can lift ROIC toward the 10%+ levels seen at peers like IDEX.
Working Capital Drag Persists
Cash conversion cycle averaged 95 days over the last four quarters, per reported data, with DSO at 66 days and DIO at 95 days, indicating slow inventory turnover.
The CCC has remained elevated, with DIO consistently above 90 days, suggesting inventory management inefficiencies or a build-up of finished goods. DPO has improved to 67 days in 2026Q2 from 74 days in 2024Q1, but the net effect is still a cash drag. This is a key area for operational improvement, as peers like IDEX run a shorter cycle.
Leverage Creep from Acquisition Spree
Debt-to-equity rose from 0.28 in 2024Q1 to 0.47 by 2026Q2, per balance sheet data, while interest coverage fell to 6.17x, indicating reduced financial flexibility.
The D/E increase reflects debt-funded acquisitions, and D/EBITDA spiked to 9.42x in 2026Q2 from 6.73x in 2024Q1, though this is partly due to EBITDA volatility. Interest coverage remains adequate but has declined from 8.33x to 6.17x, suggesting that rising debt service costs are consuming a larger share of operating income. The company's active M&A strategy may further strain leverage if not offset by cash generation.
Liquidity Buffer Thins as Current Ratio Dips
Current ratio fell from 2.32 in 2024Q1 to 1.62 in 2026Q2, per reported figures, while quick ratio dropped to 1.15, indicating a reduced cushion.
The decline in liquidity ratios suggests that working capital is being tied up in inventory and receivables, and the company is relying more on short-term obligations. The quick ratio of 1.15 is still above 1.0, but the trend is concerning if the company faces a demand shock. The stable cash position of $1.2B provides some buffer, but the thinning current ratio warrants monitoring.
Misapplied P/E Obscures Cash Generation
The trailing P/E of 55.5 overstates valuation due to non-cash amortization from the 2020 merger, per reported financials, while forward P/E of 22.5 is more indicative.
The market often uses P/E for industrial companies, but for IR, the heavy intangible amortization from acquisitions depresses net income, making the P/E misleadingly high. A better metric is EV/EBITDA (18.25x) or P/FCF (25.82x), which better reflect the cash-generative aftermarket model. Investors should focus on cash-based multiples to avoid overpaying for accounting distortions.