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Ingersoll Rand cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$623M in Q3 2026 · $1.5B over twelve months

Operating cash flow$648M
Capital spending−$24.5M
Free cash flow+$623M
Cash / net income1.0×
Cash conversion cycle95 days

Analysis

In Q3 2026, Ingersoll Rand generated $648M of operating cash flow and spent $24.5M on capital projects, leaving free cash flow of $623M. That is $298M more than in Q3 2025 ($326M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.6B; the largest uses were buybacks ($1.0B), acquisitions ($317M), capital spending ($125M); besides operations, cash came from shares issued ($21.7M), asset & business sales ($5.0M); the cash balance rose by $166M.

Operating cash flow was $648M against net income of $672M — 1.0× profit, roughly in line with earnings. The largest differences: other operating capital −$265M, depreciation & amortization +$138M, accrued liabilities +$137M.

Its cash conversion cycle was 95 days (receivables 68 + inventory 100 − payables 73).

Free cash flow

Ingersoll Rand: free cash flow by quarterIngersoll Rand: free cash flow by quarter$491MQ4 2024$223MQ1 2025$210MQ2 2025$326MQ3 2025$462MQ4 2025$163MQ1 2026$269MQ2 2026$623MQ3 2026
Operating cash flow less capital spending.
Ingersoll Rand: operating cash flow against capital spendingIngersoll Rand: operating cash flow against capital spendingOperating cash flowCapital spending$526M$35.3MQ4 2024$256M$33.7MQ1 2025$246M$35.3MQ2 2025$355M$29.1MQ3 2025$499M$37.5MQ4 2025$200M$36.3MQ1 2026$296M$27.0MQ2 2026$648M$24.5MQ3 2026
Latest (Q3 2026): Operating cash flow $648M, Capital spending $24.5M.

Capital allocation, year by year

Ingersoll Rand: where the cash came from (up) and went (down), by fiscal yearIngersoll Rand: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $628MFY2021: Net borrowing −$437MFY2021: Shares issued $23.7MFY2021: Asset sales $9.5MFY2021: Capital spending −$64.1MFY2021: Acquisitions −$975MFY2021: Buybacks −$737MFY2021: Dividends −$8.2M$661MFY2021FY2022: Operating cash flow $865MFY2022: Net borrowing −$657MFY2022: Shares issued $19.3MFY2022: Capital spending −$94.6MFY2022: Acquisitions −$247MFY2022: Buybacks −$261MFY2022: Dividends −$32.4M$885MFY2022FY2023: Operating cash flow $1.4BFY2023: Net borrowing −$28.8MFY2023: Shares issued $30.3MFY2023: Asset sales $7.6MFY2023: Capital spending −$105MFY2023: Acquisitions −$963MFY2023: Buybacks −$263MFY2023: Dividends −$32.4M$1.4BFY2023FY2024: Operating cash flow $1.4BFY2024: Net borrowing $2.1BFY2024: Shares issued $32.2MFY2024: Asset sales $6.1MFY2024: Capital spending −$149MFY2024: Acquisitions −$3.0BFY2024: Buybacks −$261MFY2024: Dividends −$32.3M$3.5BFY2024FY2025: Operating cash flow $1.4BFY2025: Net borrowing −$1.3MFY2025: Shares issued $15.3MFY2025: Capital spending −$136MFY2025: Acquisitions −$525MFY2025: Buybacks −$1.0BFY2025: Dividends −$31.8M$1.4BFY2025
Over these 5 years operating cash flow totalled $5.6B; the largest uses were acquisitions ($5.7B) and buybacks ($2.5B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.3B
Debt$4.7B
Net debt$3.4B
Due within a year$1.4M

Ingersoll Rand funds itself: free cash flow was $1.5B over the last twelve months, and $1.3B of cash and investments stands against $4.7B of debt ($1.4M due within a year, 959.1× covered by cash).

Ingersoll Rand: debt maturities by year (FY2025)Ingersoll Rand: debt maturities by year (FY2025)$1.4MYear 1$702MYear 2$502MYear 3$752MYear 4$1.6MYear 5$2.9BAfter year 5
Principal due in each year as disclosed in the annual report, against $1.3B of cash and investments now.

Where the cash came from and went

Ingersoll Rand: sources (+) and uses (−) of cash, Q3 2026Ingersoll Rand: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$648MBuybacks−$350MCash drawn (+) / kept (−)−$169MAcquisitions−$90.0MCapital spending−$24.5MDividends−$7.6MOther financing−$6.3MShares issued$1.5MExchange rates−$1.4M
Ingersoll Rand: sources (+) and uses (−) of cash, TTM to Q3 2026Ingersoll Rand: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.6BBuybacks−$1.0BAcquisitions−$317MCash drawn (+) / kept (−)−$166MCapital spending−$125MDividends−$31.1MShares issued$21.7MOther financing−$21.3MAsset & business sales$5.0MExchange rates−$4.8M

From profit to cash

Ingersoll Rand: net income to operating cash flow, Q3 2026Ingersoll Rand: net income to operating cash flow, Q3 2026Net income$672MDepreciation & amortization$138MStock-based pay$16.1MOther non-cash$2.4MReceivables−$13.0MInventory−$27.7MPayables−$21.5MAccrued liabilities$137MOther operating capital−$265MOperating cash flow$648M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026681007395
Q2 202666956793
Q1 2026721037997
Q4 202565937088
Q3 20256610370100
Q2 2025661006997
Q1 2025701047797
Q4 202465946792

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$648M−$24.5M−$90.0M−$350M−$7.6M—$1.5M−$169M$623M
Q2 2026$296M−$27.0M−$110M−$249M−$7.9M—$1.8M$101M$269M
Q1 2026$200M−$36.3M−$52.0M−$89.5M−$7.8M—$15.9M−$25.6M$163M
Q4 2025$499M−$37.5M−$65.2M−$314M−$7.8M—$2.5M−$72.2M$462M
Q3 2025$355M−$29.1M−$249M−$193M−$7.9M—$3.7M$134M$326M
Q2 2025$246M−$35.3M−$47.0M−$501M−$8.0M—$3.9M$302M$210M
Q1 2025$256M−$33.7M−$163M−$10.0M−$8.1M—$5.2M−$71.6M$223M
Q4 2024$526M−$35.3M−$200M−$62.5M−$8.1M−$900K$3.9M−$164M$491M

Ingersoll Rand: income statement and cash flow

Ingersoll Rand, Q3 2026: revenue $2.1B (+6% year over year), operating margin 37.9%. The chart follows the revenue to costs, profit and cash.

Ingersoll Rand: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.