Filing Flows › Comparisons › ITW vs IR
Illinois Tool Works vs Ingersoll Rand: ITW and IR compared
Illinois Tool Works is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $2.1B for Ingersoll Rand (Q3 2026). Ingersoll Rand is growing faster (+6% against +4% a year earlier). Ingersoll Rand is more profitable, with an operating margin of 37.9% against 27.8%.
Where the money goes: ITW and IR
Illinois Tool Works (ITW) · Q3 2026
Illinois Tool Works, Q3 2026: revenue $4.2B (+4% year over year), operating margin 27.8%, net earnings $855M, operating cash flow $953M. The chart follows the revenue to costs, profit and cash.
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.
| Illinois Tool Works (ITW) | Ingersoll Rand (IR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.2B | $2.1B |
| Revenue growth, Y/Y | +4% | +6% |
| Gross margin | — | 44.8% |
| Operating margin | 27.8% | 37.9% |
| Net earnings | $855M | $672M |
| Net margin | 20.2% | 32.5% |
| Operating cash flow | $953M | $648M |
| Free cash flow | $851M | $623M |
| Market value | $81.4B | $32.3B |
| P/E | 25.4× | 23.5× |
| Analysts’ mean target | $294.14 | $94.92 |
Where the revenue comes from
Ingersoll Rand
- Original equipment: $1.3B (64%)
- Aftermarket: $742M (36%)
Questions
Which is bigger, Illinois Tool Works or Ingersoll Rand?
Illinois Tool Works is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $2.1B for Ingersoll Rand (Q3 2026).
Is Illinois Tool Works or Ingersoll Rand growing faster?
Ingersoll Rand is growing faster (+6% against +4% a year earlier).
Which is more profitable, Illinois Tool Works or Ingersoll Rand?
Ingersoll Rand is more profitable, with an operating margin of 37.9% against 27.8%.
More: Illinois Tool Works earnings · how Illinois Tool Works makes money · Ingersoll Rand earnings · how Ingersoll Rand makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.