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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,910 | $5,152 | $5,916 | $6,876 | $7,235 |
| Gross Profit | $1,613 | $1,989 | $2,326 | $2,882 | $3,170 |
| Operating Income | $86 | $566 | $817 | $1,164 | $1,300 |
| Net Income | -$33 | $563 | $605 | $779 | $839 |
Over the five-year period, Ingersoll Rand Inc. has demonstrated a notable recovery and subsequent growth across its key financial metrics. In 2020, the company experienced revenue of $4,910.2 million alongside a modest gross profit of $1,613.4 million and an operating income of only $85.7 million, with a net loss of $33.3 million. This challenging performance appears to have been an outlier, as 2021 marked a significant turnaround with revenue increasing to $5,152.4 million, gross profit jumping to $1,988.5 million, and operating income surging to $565.7 million, turning net income positive at $562.5 million. Such an over 20% swing in operating income and the reversal from loss to profit suggest that operational adjustments or favorable market conditions likely played a key role. In the subsequent years, the trend continued steadily upward. Revenues reached $5,916.3 million in 2022, $6,876.1 million in 2023, and $7,235 million in 2024, while gross profit almost doubled from 2020 levels, peaking at $3,170 million in 2024. Operating income showed robust growth, climbing from $565.7 million in 2021 to $1,300.1 million in 2024, and net income consistently increased to $838.6 million by 2024. These improvements indicate enhanced operational efficiency and perhaps a favorable macroeconomic recovery in the industrial manufacturing sector, where Ingersoll Rand operates. Overall, the company’s financial health appears solid, with sustainable growth in profitability and revenues underscoring a resilient business model in a competitive industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.