Ingersoll Rand Inc. (IR) intrinsic value & 10-year financials

Ingersoll Rand Inc. (IR) has a Graham intrinsic value of $48.16 per share. At $77.78 on Oct 17, 2026, the stock trades 62% above that value. Over the last 10 fiscal years revenue grew 16.5% a year to $7.7B, with an average return on invested capital of 5.8%.

Graham intrinsic value
$48.16
Share price (Oct 17, 2026)
$77.78
Price vs Graham value
62% above
Market cap
$31.2B
Revenue (FY2025)
$7.7B
Revenue growth (10-yr CAGR)
16.5%
ROIC (10-yr avg)
5.8%
Free cash flow (FY2025)
$1.2B

IR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $7.7B $581.4M $1.45 $1.2B 15.0% 6.2%
FY2024 $7.2B $838.6M $2.06 $1.2B 18.0% 8.1%
FY2023 $6.9B $778.7M $1.90 $1.3B 16.9% 8.4%
FY2022 $5.9B $604.7M $1.47 $770.8M 13.8% 6.3%
FY2021 $5.2B $562.5M $1.34 $563.7M 11.0% 5.2%
FY2020 $4.9B -$33.3M -$0.09 $865.6M 1.7% 1.2%
FY2019 $2.5B $159.1M $0.76 $300.1M 11.2% 7.5%
FY2018 $2.7B $269.4M $1.29 $392.3M 16.5% 10.9%
FY2017 $2.4B $18.4M $0.10 $143.7M 4.6% 1.8%
FY2016 $1.9B -$36.6M -$0.25 $91.2M 5.4% 2.0%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Ingersoll Rand is a consistent compounder, expanding top-line revenue at 16.5% annually over the past decade.

Ingersoll Rand has historically struggled to out-earn its cost of capital, averaging just 5.8% ROIC.

Ingersoll Rand has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ingersoll Rand is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $48.16 per share.

IR stock: frequently asked questions

What is the intrinsic value of Ingersoll Rand Inc. (IR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, IR's intrinsic value is about $48.16 per share.

Is IR stock undervalued?

At $77.78 (close on Oct 17, 2026), IR trades 62% above its Graham value of $48.16. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Ingersoll Rand Inc. grown?

Revenue went from $1.9B in fiscal 2016 to $7.7B in fiscal 2025, a compound annual growth rate of 16.5%. Net income was $581.4M in fiscal 2025.

Does Ingersoll Rand Inc. generate free cash flow?

Ingersoll Rand Inc. generated $1.2B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is IR's return on invested capital?

Average ROIC over the last 10 fiscal years was 5.8%, and average return on equity was 4.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IR data come from?

From Ingersoll Rand Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 31, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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