Filing Flows › Ingersoll Rand (IR) › Q1 2025
Ingersoll Rand (IR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Ingersoll Rand (IR) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -10% from the quarter before. Operating margin was 17.6%, net earnings $186M (10.9% of revenue).
Ingersoll Rand, Q1 2025: revenue $1.7B (+3% year over year), operating margin 17.6%, net earnings $186M, operating cash flow $256M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -10% | +3% |
| Gross profit | $766M | -6% | +3% |
| Operating profit | $302M | -20% | +3% |
| Net earnings | $186M | -19% | -8% |
| Operating cash flow | $256M | -51% | +59% |
| Free cash flow | $223M | — | +124% |
What changed
Revenue was $1.7B in Q1 2025, up 3% year over year and down 10% from the previous quarter. Original equipment was the largest line at 62% of revenue. Aftermarket added $0.04B year over year (up 6%), 76% of the total change.
Gross margin was 44.6%, down 0.1 points from a year earlier. Operating profit was $0.30B, a 17.6% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 18% margin then. Operating expenses grew 2% against revenue growth of 3%. Net earnings were $0.19B, down 8% year over year. The effective tax rate was 23.7%.
Operating cash flow was $0.26B (up 59% year over year), 136% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. After capital expenditures ($0.03B), free cash flow as the company reports it was $0.22B.
Questions
What was Ingersoll Rand's revenue in the first quarter 2025?
Ingersoll Rand (IR) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -10% from the quarter before.
Was Ingersoll Rand profitable in the first quarter 2025?
Operating profit was $302M (17.6% of revenue) and net earnings $186M.
Source: Ingersoll Rand 10-Q on SEC EDGAR.