Filing Flows › Ingersoll Rand (IR) › Q2 2026 › vs Q2 2025
Ingersoll Rand (IR) Q2 2026 vs Q2 2025 (year over year)
Ingersoll Rand's revenue rose $161M (+9%) from $1.9B in Q2 2025 to $2.0B in Q2 2026. The biggest changes: Original equipment +$117M (+10%); Aftermarket +$44.0M (+6%). Gross margin 42.1% against 43.7% (-1.6 pts).
Ingersoll Rand, Q2 2026: revenue $2.0B (+8% year over year), operating margin 18.6%, net earnings $258M, operating cash flow $296M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.1% | 43.7% | -1.6 pts |
| Operating margin | 18.6% | 4.0% | +14.5 pts |
| Net margin | 12.6% | -6.0% | +18.6 pts |
| Free cash flow margin | 13.1% | 11.1% | +2.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Original equipment | $1.3B | $1.2B | $117M | +10% |
| Aftermarket | $735M | $691M | $44.0M | +6% |
| Revenue | $2.0B | $1.9B | $161M | +9% |
| Gross profit | $863M | $825M | $37.7M | +5% |
| Cost of revenue | $1.2B | $1.1B | $123M | +12% |
| Operating profit | $380M | $76.4M | $304M | +398% |
| Operating expenses | $482M | $748M | −$266M | -36% |
| Pre-tax earnings | $327M | −$92.8M | $420M | — |
| Other expense, net | $53.2M | $169M | −$116M | -69% |
| SG&A | $401M | $371M | $29.6M | +8% |
| Other operating costs | $81.5M | $377M | −$296M | -78% |
| Net earnings | $258M | −$114M | $372M | — |
| Income tax | $69.1M | $21.0M | $48.1M | +229% |
| Depreciation & amortization | $133M | $120M | $12.3M | +10% |
| Share-based compensation | $17.8M | $16.7M | $1.1M | +7% |
| Working capital & other | $113M | −$222M | $335M | — |
| Operating cash flow | $296M | $246M | $50.2M | +20% |
| Free Cash Flow (company-reported) | $269M | $210M | $58.5M | +28% |
| Capital expenditures | $27.0M | $35.3M | −$8.3M | -24% |
Questions
How much did Ingersoll Rand's revenue grow year over year in Q2 2026?
Ingersoll Rand's revenue rose $161M (+9%) from $1.9B in Q2 2025 to $2.0B in Q2 2026.
What drove Ingersoll Rand's revenue change in Q2 2026?
Original equipment +$117M (+10%); Aftermarket +$44.0M (+6%).