Edwyn
Over the past five years, Ingersoll Rand Inc. has experienced a strong recovery and steady growth across its key income statement metrics. In 2020, the company reported revenue of about 4.91 billion USD, with a gross profit of 1.61 billion USD and an operating income of only 85.7 million USD, culminating in a net loss of 33.3 million USD. This marked a challenging start, perhaps influenced by market disruptions or transitional operational issues. However, the subsequent recovery was pronounced. In 2021, revenue grew to 5.15 billion USD while gross profit increased to 1.99 billion USD, and operating income surged nearly 6.6 times to 565.7 million USD, turning the bottom line positive at 562.5 million USD. This dramatic turnaround—with significant year-over-year swings exceeding 20 percent—suggests the company effectively managed to reverse earlier setbacks. Continuing this upward trajectory, 2022 saw revenues reach 5.92 billion USD and gross profit 2.33 billion USD, with operating and net income maintaining healthy momentum at 817.3 million USD and 604.7 million USD, respectively. The growth continued in 2023 and 2024, with revenues climbing to 6.88 billion USD and 7.24 billion USD, operating income reaching 1.16 billion USD and 1.30 billion USD, and net income improving to 778.7 million USD and 838.6 million USD, respectively. This consistent, data-driven improvement indicates robust underlying operations and enhanced profitability, positioning Ingersoll Rand as a financially healthy and sustainable company within its industrial sector.
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.