Ingersoll Rand (IR) FY2024 results: revenue $7.2 billion, up 5.2% on the year
Ingersoll Rand Inc. (IR) reported revenue of $7.2 billion for fiscal 2024, the year ended 31 December 2024, up 5.2% on the year before. Net income was $839 million, up 7.7%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$7.2 billion
+5.2% on the year
FY2017FY2024
Operating margin
18.0%
16.9% a year earlier
FY2017FY2024
Net income
$839 million
+7.7% on the year
FY2017FY2024
Diluted EPS
$2.06
+8.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,397
1,377
860
+1.4%
Capital expenditure
149
105
94.6
+41.5%
Free cash flow
1,248
1,272
766
-1.9%
Free cash flow margin
17.2%
18.5%
12.9%
Cash from investing
-3,108
-1,060
n/a
Cash from financing
1,708
-338
-954
Depreciation and amortisation
482
459
433
+5.0%
Share-based compensation
58.8
51.9
78.9
+13.3%
Buybacks
261
263
261
-0.9%
Dividends paid
32.3
32.4
32.4
-0.3%
Diluted shares, weighted
407m
409m
410m
-0.4%
Shares outstanding at period end
403m
403m
405m
-0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,179
9,784
9,196
+4.0%
Non-controlling interest
66.3
62.9
61.4
+5.4%
Short-term borrowings
1.7
n/a
n/a
Debt
4,754
2,724
2,753
+74.6%
Operating lease liabilities
166
117
80.4
+41.6%
Finance lease liabilities
12.6
13.6
14.9
-7.4%
Other liabilities
2,830
2,863
2,661
-1.1%
Total liabilities and equity
18,010
15,564
14,766
+15.7%
Fixed assets
842
711
624
+18.4%
Goodwill
8,148
6,610
6,064
+23.3%
Intangible assets
4,373
3,611
3,579
+21.1%
Cash and equivalents
1,541
1,596
1,613
-3.4%
Receivables
1,335
1,234
1,122
+8.2%
Inventory
1,055
1,001
1,025
+5.4%
Other assets
715
800
738
-10.7%
Total assets
18,010
15,564
14,766
+15.7%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.