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Ingersoll Rand vs Zebra Technologies: IR and ZBRA compared
Ingersoll Rand is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $1.6B for Zebra Technologies (Q3 2026). Zebra Technologies is growing faster (+22% against +6% a year earlier). Ingersoll Rand is more profitable, with an operating margin of 37.9% against 14.7%.
Where the money goes: IR and ZBRA
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.
Zebra Technologies (ZBRA) · Q3 2026
Zebra Technologies, Q3 2026: revenue $1.6B (+22% year over year), operating margin 14.7%, net earnings $164M, operating cash flow $324M. The chart follows the revenue to costs, profit and cash.
| Ingersoll Rand (IR) | Zebra Technologies (ZBRA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.1B | $1.6B |
| Revenue growth, Y/Y | +6% | +22% |
| Gross margin | 44.8% | 45.7% |
| Operating margin | 37.9% | 14.7% |
| Net earnings | $672M | $164M |
| Net margin | 32.5% | 10.2% |
| Operating cash flow | $648M | $324M |
| Free cash flow | $623M | $300M |
| Market value | $32.3B | $15.5B |
| P/E | 23.5× | 26.1× |
| Analysts’ mean target | $94.92 | $415.25 |
Where the revenue comes from
Ingersoll Rand
- Original equipment: $1.3B (64%)
- Aftermarket: $742M (36%)
Zebra Technologies
- Tangible Products: $1.4B (85%)
- Services and Software: $244M (15%)
Questions
Which is bigger, Ingersoll Rand or Zebra Technologies?
Ingersoll Rand is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $1.6B for Zebra Technologies (Q3 2026).
Is Ingersoll Rand or Zebra Technologies growing faster?
Zebra Technologies is growing faster (+22% against +6% a year earlier).
Which is more profitable, Ingersoll Rand or Zebra Technologies?
Ingersoll Rand is more profitable, with an operating margin of 37.9% against 14.7%.
More: Ingersoll Rand earnings · how Ingersoll Rand makes money · Zebra Technologies earnings · how Zebra Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.