Ingersoll Rand (IR)
Makes compressors, pumps, and precision fluid-handling systems for industrial and life-science processes.
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Ingersoll Rand makes the machines that move air, gas and liquid around a factory — compressors, vacuum pumps, blowers, pneumatic tools and dosing pumps. Selling one is only the start: for a compressor, the parts and servicing it needs over its life typically add up to more than the machine cost. It keeps buying small companies and folding them in, and its largest recent purchase built it a business making equipment for manufacturing medicines.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
8 in detail · 16 more below
Compressor and air treatment systems
The biggest thing the company sells — screw, piston, centrifugal and oil-free air and gas compressors, plus the dryers and filters that clean the air. Roughly half of revenue. Orders grew only low single digits globally in the June quarter.
Competes with GA VSD oil-injected screw compressors (Atlas Copco) · SIGMA rotary screw compressors (Kaeser) · EG-series screw compressors (ELGi)
In plain English
Compressed air is a factory's fourth utility, alongside power, water and gas. Squeeze air down, pipe it around a plant, and it drives tools, runs machinery and keeps production lines moving. Ingersoll Rand builds the squeezing machines, from small piston units to large oil-free ones for plants where the air must stay free of oil.
Buyers are industrial plants making food and drink, electronics, general goods and power, and semiconductor plants that separate gases out of air. They order through independent distributors and the company's own sales reps, and demand is spread across many plants rather than a few big accounts.
Aftermarket parts, consumables and service
Filters, lubricants, replacement parts and repair visits sold against machines already installed — 36.5% of 2025 revenue, and it does not wait for anyone to buy new equipment. Watch whether the company keeps winning that work rather than independent repair shops.
Competes with Genuine parts and service network (Atlas Copco) · Service network on its own installed base (Kaeser) · Rebuilt parts and third-party repair (Independent workshops)
In plain English
Razors and blades, except the razor is a compressor that runs for years. The machine wears: filters clog, oil breaks down, seals fail, and sooner or later a technician has to come out. The company states that over a compressor's working life, all of that typically adds up to more than the machine originally cost.
This is the steady half. It earns from machines running rather than from anyone deciding to spend on new ones, which is the cushion when factory investment goes quiet. The catch: independent workshops can fit their own parts, so the service work has to be won at the moment the machine is sold.
Recurring-revenue contracts program
Multi-year service, monitoring and consumables agreements sold against installed machines. Past $450M in 2025, with roughly $1.1B of already-signed future revenue behind it; management targets $1B a year by end-2027 and says the climb will not be smooth.
Competes with Service and monitoring contracts (Atlas Copco) · Service agreements (Kaeser)
In plain English
A maintenance plan for industrial machines. Rather than phoning someone when the compressor stops, the plant signs up for several years of scheduled visits, remote monitoring and the consumable parts, and pays on a regular schedule.
Why the company wants this: money it can count on before the year even starts, from equipment it has already sold. Growth hangs on signing the plant up at the moment it buys the machine, on renewals when the term runs out, and on selling the same thing outside the United States, where the program is younger.
Vacuum and blower systems
Machines that push big volumes of air or pull it out — blowers and industrial vacuum pumps, about a fifth of revenue. Orders are lumpy: large European and Middle East projects slipped out of the first half, which management called delayed rather than cancelled.
Competes with ZB VSD+ turbo blowers (Atlas Copco) · Permanent-magnet turbo blowers (Aerzen) · Vacuum pumps and systems (Busch Vacuum Solutions)
In plain English
Two opposite jobs, one trade. Blowers shove large volumes of low-pressure air somewhere; vacuum pumps pull air out of a sealed space. The largest use is sewage treatment — town water plants bubble air through tanks to clean the waste, and that takes a blower running around the clock. The vacuum side serves food, packaging and process plants, and moves powders for drug makers.
The buyers are often municipal utilities and the contractors who build plants for them, so orders are big and slow-moving. The company keeps buying into the line: Lone Star Blower arrived in August with a service arm and a rental fleet.
Life Science Technologies
Disposable bags, mixers and sealed containment for drug manufacturing, built around the ILC Dover purchase. Roughly a ninth of revenue, with low-double-digit order growth in the June quarter — though the company wrote down part of what it paid.
Competes with Single-use bags, mixers and assemblies (Sartorius) · Single-use bioprocessing portfolio (Thermo Fisher Scientific) · Single-use systems (Cytiva)
In plain English
Making a modern medicine means mixing and moving liquids and powders that must never touch anything unclean. Instead of steel tanks that have to be scrubbed out between batches, a sterile plastic bag or liner is used once and thrown away. Ingersoll Rand sells those bags, the mixers that stir them and the sealed enclosures that keep dust in.
Every batch a drugmaker runs eats more of them, so the money arrives again and again rather than once. The company bought its way in with ILC Dover in 2024, its largest purchase, then cut the value it carries on the books in 2025 — a reflection of interest rates and what comparable companies fetch, not of falling demand.
Precision Technologies
Small pumps that move exact amounts of liquid — treatment chemicals into water, additives into farm lines, ingredients into a process. About a tenth of revenue, quick to ship, with mid-single-digit order growth in the June quarter.
Competes with Fluid-handling pump portfolio (IDEX Corporation) · Peristaltic and metering pumps (Watson-Marlow) · NEMO progressive-cavity pumps (Netzsch)
In plain English
Not the pumps that move a lot — the pumps that move a little, exactly. A water plant needs a precise dose of treatment chemical in every tank; a farm needs a precise dose in its irrigation line. These machines meter it out, drop by measured drop, under names like Milton Roy, ARO, Dosatron and Seepex, alongside high-pressure gas equipment.
Orders arrive and ship within weeks instead of waiting on a construction schedule, so the cash comes back quickly. Its markets — water treatment, chemical processing, agriculture — are growing at a mid-single-digit pace, slower than the medicine-making business it sits beside.
Power tools and lifting equipment
Air-powered and cordless industrial tools plus air hoists and winches, sold to assembly plants and maintenance crews. About 6% of revenue, and the weakest line in the March quarter: lifting orders fell while tools themselves grew mid-single digits.
Competes with Industrial power tools and assembly systems (Atlas Copco) · Hoists and rigging (Columbus McKinnon) · Air hoists (J.D. Neuhaus)
In plain English
The air wrench you see in a tyre shop, scaled up for factories. Plug it into the compressed-air line the plant already has and it spins bolts harder and faster than a person can, all shift long; battery versions do the same job away from the air line. Beside them sit air hoists and winches — chain lifts that pick up heavy parts off the same air supply.
The buyers are vehicle and battery-pack assembly lines and heavy maintenance crews, so sales follow how much gets built. It is the smallest of the full lines and the one that has been struggling, with lifting orders falling earlier this year.
Fluid transfer and loading systems
The hardware that gets bulk liquids into and out of tankers at fuel and chemical terminals. About 4% of revenue — the smallest of the named lines, and one management rarely brings up.
Competes with Loading arms (Dover) · Fluid-transfer equipment (NOV) · Flow control equipment (Flowserve)
In plain English
Getting liquid out of a tank and into a truck sounds trivial until the liquid is fuel or a chemical. This line makes the hardware for that moment: the swinging metal arms at a terminal, the pumps and hoses, and the gear bolted onto the tanker itself.
Ingersoll Rand markets it under an umbrella it calls IRTS, which bundles vehicle-mounted equipment, fuel systems, loading solutions, compressors, blowers and vacuum technology for the same customers — bulk haulers and fuel and chemical terminals. The 2024 purchase of Fruitland Manufacturing widened the range.
Compressor and air treatment systemsThe biggest thing the company sells — screw, piston, centrifugal and oil-free air and gas compressors, plus the dryers and filters that clean the air. Roughly half of revenue. Orders grew only low single digits globally in the June quarter.The biggest thing the company sells — screw, piston, centrifugal and oil-free air and gas compressors, plus the dryers and filters that clean the air. Roughly half of revenue. Orders grew only low single digits globally in the June quarter.
In plain English
Compressed air is a factory's fourth utility, alongside power, water and gas. Squeeze air down, pipe it around a plant, and it drives tools, runs machinery and keeps production lines moving. Ingersoll Rand builds the squeezing machines, from small piston units to large oil-free ones for plants where the air must stay free of oil.
Buyers are industrial plants making food and drink, electronics, general goods and power, and semiconductor plants that separate gases out of air. They order through independent distributors and the company's own sales reps, and demand is spread across many plants rather than a few big accounts.
Competes with GA VSD oil-injected screw compressors (Atlas Copco) · SIGMA rotary screw compressors (Kaeser) · EG-series screw compressors (ELGi)
Aftermarket parts, consumables and serviceFilters, lubricants, replacement parts and repair visits sold against machines already installed — 36.5% of 2025 revenue, and it does not wait for anyone to buy new equipment. Watch whether the company keeps winning that work rather than independent repair shops.Filters, lubricants, replacement parts and repair visits sold against machines already installed — 36.5% of 2025 revenue, and it does not wait for anyone to buy new equipment. Watch whether the company keeps winning that work rather than independent repair shops.
In plain English
Razors and blades, except the razor is a compressor that runs for years. The machine wears: filters clog, oil breaks down, seals fail, and sooner or later a technician has to come out. The company states that over a compressor's working life, all of that typically adds up to more than the machine originally cost.
This is the steady half. It earns from machines running rather than from anyone deciding to spend on new ones, which is the cushion when factory investment goes quiet. The catch: independent workshops can fit their own parts, so the service work has to be won at the moment the machine is sold.
Competes with Genuine parts and service network (Atlas Copco) · Service network on its own installed base (Kaeser) · Rebuilt parts and third-party repair (Independent workshops)
Recurring-revenue contracts programMulti-year service, monitoring and consumables agreements sold against installed machines. Past $450M in 2025, with roughly $1.1B of already-signed future revenue behind it; management targets $1B a year by end-2027 and says the climb will not be smooth.Multi-year service, monitoring and consumables agreements sold against installed machines. Past $450M in 2025, with roughly $1.1B of already-signed future revenue behind it; management targets $1B a year by end-2027 and says the climb will not be smooth.
In plain English
A maintenance plan for industrial machines. Rather than phoning someone when the compressor stops, the plant signs up for several years of scheduled visits, remote monitoring and the consumable parts, and pays on a regular schedule.
Why the company wants this: money it can count on before the year even starts, from equipment it has already sold. Growth hangs on signing the plant up at the moment it buys the machine, on renewals when the term runs out, and on selling the same thing outside the United States, where the program is younger.
Competes with Service and monitoring contracts (Atlas Copco) · Service agreements (Kaeser)
Vacuum and blower systemsMachines that push big volumes of air or pull it out — blowers and industrial vacuum pumps, about a fifth of revenue. Orders are lumpy: large European and Middle East projects slipped out of the first half, which management called delayed rather than cancelled.Machines that push big volumes of air or pull it out — blowers and industrial vacuum pumps, about a fifth of revenue. Orders are lumpy: large European and Middle East projects slipped out of the first half, which management called delayed rather than cancelled.
In plain English
Two opposite jobs, one trade. Blowers shove large volumes of low-pressure air somewhere; vacuum pumps pull air out of a sealed space. The largest use is sewage treatment — town water plants bubble air through tanks to clean the waste, and that takes a blower running around the clock. The vacuum side serves food, packaging and process plants, and moves powders for drug makers.
The buyers are often municipal utilities and the contractors who build plants for them, so orders are big and slow-moving. The company keeps buying into the line: Lone Star Blower arrived in August with a service arm and a rental fleet.
Competes with ZB VSD+ turbo blowers (Atlas Copco) · Permanent-magnet turbo blowers (Aerzen) · Vacuum pumps and systems (Busch Vacuum Solutions)
Life Science TechnologiesDisposable bags, mixers and sealed containment for drug manufacturing, built around the ILC Dover purchase. Roughly a ninth of revenue, with low-double-digit order growth in the June quarter — though the company wrote down part of what it paid.Disposable bags, mixers and sealed containment for drug manufacturing, built around the ILC Dover purchase. Roughly a ninth of revenue, with low-double-digit order growth in the June quarter — though the company wrote down part of what it paid.
In plain English
Making a modern medicine means mixing and moving liquids and powders that must never touch anything unclean. Instead of steel tanks that have to be scrubbed out between batches, a sterile plastic bag or liner is used once and thrown away. Ingersoll Rand sells those bags, the mixers that stir them and the sealed enclosures that keep dust in.
Every batch a drugmaker runs eats more of them, so the money arrives again and again rather than once. The company bought its way in with ILC Dover in 2024, its largest purchase, then cut the value it carries on the books in 2025 — a reflection of interest rates and what comparable companies fetch, not of falling demand.
Competes with Single-use bags, mixers and assemblies (Sartorius) · Single-use bioprocessing portfolio (Thermo Fisher Scientific) · Single-use systems (Cytiva)
Precision TechnologiesSmall pumps that move exact amounts of liquid — treatment chemicals into water, additives into farm lines, ingredients into a process. About a tenth of revenue, quick to ship, with mid-single-digit order growth in the June quarter.Small pumps that move exact amounts of liquid — treatment chemicals into water, additives into farm lines, ingredients into a process. About a tenth of revenue, quick to ship, with mid-single-digit order growth in the June quarter.
In plain English
Not the pumps that move a lot — the pumps that move a little, exactly. A water plant needs a precise dose of treatment chemical in every tank; a farm needs a precise dose in its irrigation line. These machines meter it out, drop by measured drop, under names like Milton Roy, ARO, Dosatron and Seepex, alongside high-pressure gas equipment.
Orders arrive and ship within weeks instead of waiting on a construction schedule, so the cash comes back quickly. Its markets — water treatment, chemical processing, agriculture — are growing at a mid-single-digit pace, slower than the medicine-making business it sits beside.
Competes with Fluid-handling pump portfolio (IDEX Corporation) · Peristaltic and metering pumps (Watson-Marlow) · NEMO progressive-cavity pumps (Netzsch)
Power tools and lifting equipmentAir-powered and cordless industrial tools plus air hoists and winches, sold to assembly plants and maintenance crews. About 6% of revenue, and the weakest line in the March quarter: lifting orders fell while tools themselves grew mid-single digits.Air-powered and cordless industrial tools plus air hoists and winches, sold to assembly plants and maintenance crews. About 6% of revenue, and the weakest line in the March quarter: lifting orders fell while tools themselves grew mid-single digits.
In plain English
The air wrench you see in a tyre shop, scaled up for factories. Plug it into the compressed-air line the plant already has and it spins bolts harder and faster than a person can, all shift long; battery versions do the same job away from the air line. Beside them sit air hoists and winches — chain lifts that pick up heavy parts off the same air supply.
The buyers are vehicle and battery-pack assembly lines and heavy maintenance crews, so sales follow how much gets built. It is the smallest of the full lines and the one that has been struggling, with lifting orders falling earlier this year.
Competes with Industrial power tools and assembly systems (Atlas Copco) · Hoists and rigging (Columbus McKinnon) · Air hoists (J.D. Neuhaus)
Fluid transfer and loading systemsThe hardware that gets bulk liquids into and out of tankers at fuel and chemical terminals. About 4% of revenue — the smallest of the named lines, and one management rarely brings up.The hardware that gets bulk liquids into and out of tankers at fuel and chemical terminals. About 4% of revenue — the smallest of the named lines, and one management rarely brings up.
In plain English
Getting liquid out of a tank and into a truck sounds trivial until the liquid is fuel or a chemical. This line makes the hardware for that moment: the swinging metal arms at a terminal, the pumps and hoses, and the gear bolted onto the tanker itself.
Ingersoll Rand markets it under an umbrella it calls IRTS, which bundles vehicle-mounted equipment, fuel systems, loading solutions, compressors, blowers and vacuum technology for the same customers — bulk haulers and fuel and chemical terminals. The 2024 purchase of Fruitland Manufacturing widened the range.
Competes with Loading arms (Dover) · Fluid-transfer equipment (NOV) · Flow control equipment (Flowserve)
Named in filings, launches and programs
- Gardner DenverBrandCompressor name carried in from the 2020 merger that created today's company; still sold beside the Ingersoll Rand badge.
- CompAirBrandOne of the compressor names inside the air line, among the 35-plus brands the company lists.
- NashBrandLiquid-ring vacuum pumps, one of the long-standing names sitting on the industrial side of the company.
- Robuschi and Elmo RietschleBrandThe blower and vacuum-pump names behind that line; Elmo Rietschle pumps were paired with powder handling for a drug maker.
- ILC DoverBrandThe 2024 purchase that became the medicine-making platform, joined with three smaller pump and liquid-handling names.
- EZ JetFlo / EZ BioPacProductSingle-use mixer and powder bags for drug manufacturing — the consumables that get thrown away after each batch.
- Milton RoyBrandThe anchor metering-pump name inside the dosing line, selling into water treatment and chemical plants.
- DosatronBrandDosing systems named as the product highlight of the June quarter; Planet Water Foundation is a named customer.
- HaskelBrandHigh-pressure gas systems sitting alongside the metering and diaphragm pumps.
- Lone Star BlowerBrandUS blower maker of roughly $50M revenue, closed August 2026, bringing service work and a rental fleet with it.
- Fai FiltriBrand · AnnouncedItalian industrial filter maker of roughly $30M revenue, signed July 2026 to close late in the year; adds consumables.
- CAPSBrandChannel deal done in 2024 — buying the route to customers itself, so margin a middleman used to take stays in-house.
- Fruitland ManufacturingBrand2024 purchase that extended the tanker-loading and fluid-transfer range.
- ScinomixBrandLab-automation purchase counted in this year's guidance as carryover from last year's deals.
- OxyWiseBrandNitrogen and oxygen generation, combined with Gardner Denver and York equipment in an on-site nitrogen system this year.
- IRXEcosystemThe in-house playbook for pricing, demand generation, productivity and folding acquisitions in; cited on every earnings call on file.
Gardner DenverBrand
Compressor name carried in from the 2020 merger that created today's company; still sold beside the Ingersoll Rand badge.
CompAirBrand
One of the compressor names inside the air line, among the 35-plus brands the company lists.
NashBrand
Liquid-ring vacuum pumps, one of the long-standing names sitting on the industrial side of the company.
Robuschi and Elmo RietschleBrand
The blower and vacuum-pump names behind that line; Elmo Rietschle pumps were paired with powder handling for a drug maker.
ILC DoverBrand
The 2024 purchase that became the medicine-making platform, joined with three smaller pump and liquid-handling names.
EZ JetFlo / EZ BioPacProduct
Single-use mixer and powder bags for drug manufacturing — the consumables that get thrown away after each batch.
Milton RoyBrand
The anchor metering-pump name inside the dosing line, selling into water treatment and chemical plants.
DosatronBrand
Dosing systems named as the product highlight of the June quarter; Planet Water Foundation is a named customer.
HaskelBrand
High-pressure gas systems sitting alongside the metering and diaphragm pumps.
Lone Star BlowerBrand
US blower maker of roughly $50M revenue, closed August 2026, bringing service work and a rental fleet with it.
Fai FiltriBrand · Announced
Italian industrial filter maker of roughly $30M revenue, signed July 2026 to close late in the year; adds consumables.
CAPSBrand
Channel deal done in 2024 — buying the route to customers itself, so margin a middleman used to take stays in-house.
Fruitland ManufacturingBrand
2024 purchase that extended the tanker-loading and fluid-transfer range.
ScinomixBrand
Lab-automation purchase counted in this year's guidance as carryover from last year's deals.
OxyWiseBrand
Nitrogen and oxygen generation, combined with Gardner Denver and York equipment in an on-site nitrogen system this year.
IRXEcosystem
The in-house playbook for pricing, demand generation, productivity and folding acquisitions in; cited on every earnings call on file.