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Ingersoll Rand vs Gates Industrial: IR and GTES compared
Ingersoll Rand is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $904M for Gates Industrial (Q3 2026). Ingersoll Rand is growing faster (+6% against +6% a year earlier). Ingersoll Rand is more profitable, with an operating margin of 37.9% against 14.5%.
Where the money goes: IR and GTES
Ingersoll Rand (IR) · Q3 2026
Ingersoll Rand, Q3 2026: revenue $2.1B (+6% year over year), operating margin 37.9%, net earnings $672M, operating cash flow $648M. The chart follows the revenue to costs, profit and cash.
Gates Industrial (GTES) · Q3 2026
Gates Industrial, Q3 2026: revenue $904M (+6% year over year), operating margin 14.5%, net earnings $86.5M, operating cash flow $61.2M. The chart follows the revenue to costs, profit and cash.
| Ingersoll Rand (IR) | Gates Industrial (GTES) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.1B | $904M |
| Revenue growth, Y/Y | +6% | +6% |
| Gross margin | 44.8% | 42.4% |
| Operating margin | 37.9% | 14.5% |
| Net earnings | $672M | $86.5M |
| Net margin | 32.5% | 9.6% |
| Operating cash flow | $648M | $61.2M |
| Free cash flow | $623M | $42.4M |
| Market value | $32.3B | $6.2B |
| P/E | 23.5× | 16.9× |
| Analysts’ mean target | $94.92 | $32.75 |
Where the revenue comes from
Ingersoll Rand
- Original equipment: $1.3B (64%)
- Aftermarket: $742M (36%)
Gates Industrial
- Power Transmission: $560M (62%)
- Fluid Power: $344M (38%)
Questions
Which is bigger, Ingersoll Rand or Gates Industrial?
Ingersoll Rand is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $904M for Gates Industrial (Q3 2026).
Is Ingersoll Rand or Gates Industrial growing faster?
Ingersoll Rand is growing faster (+6% against +6% a year earlier).
Which is more profitable, Ingersoll Rand or Gates Industrial?
Ingersoll Rand is more profitable, with an operating margin of 37.9% against 14.5%.
More: Ingersoll Rand earnings · how Ingersoll Rand makes money · Gates Industrial earnings · how Gates Industrial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.