Ingersoll Rand Inc.IR
Ingersoll Rand Inc. Segments Disclosure
Segment Reporting
A description of the Company’s two reportable segments, including the specific products manufactured and sold follows below. When determining the reportable segments, we aggregate operating segments based on their similar economic and operating characteristics.
In the Industrial Technologies and Services segment, the Company designs, manufactures, markets and services a broad range of compression and vacuum equipment as well as fluid transfer equipment and loading systems. The Company’s compression and vacuum products are used worldwide in industrial manufacturing, transportation, chemical processing, food and beverage production, clean energy, environmental and other applications. In addition to equipment sales, the Company offers a broad portfolio of service options tailored to customer needs and complete range of aftermarket parts, air treatment equipment, controls and other accessories. The Company’s engineered loading systems and fluid transfer equipment ensure the safe handling and transfer of crude oil, liquefied natural gas, compressed natural gas, chemicals, and bulk materials.
In the Precision and Science Technologies segment, the Company designs, manufactures and markets a broad range of specialized positive displacement pumps, fluid management equipment, single-use powder handling systems, and contract design and production services for silicone, thermoplastic, and specialty components and assemblies for medical devices. These products are used in medical, laboratory, industrial manufacturing, water and wastewater, chemical processing, clean energy, food and beverage, agriculture and other markets. The Company’s products are used for a diverse set of applications including precision dosing, liquid and solid transfer, dispensing, gas compression, gas sampling, pressure management, flow control, and powder handling, amongst other applications. The Company sells primarily through a broad global network of specialized and national distributors and original equipment manufacturers who integrate the Company’s products into their devices and systems.
Ingersoll Rand’s Chief Operating Decision Maker (“CODM”) is our Chief Executive Officer. The CODM evaluates the performance of the Company’s segments based on Segment Adjusted EBITDA. The CODM closely monitors the Segment Adjusted EBITDA of each segment to evaluate past performance and actions required to improve profitability. Inter-segment sales and transfers are not significant. Certain administrative expenses related to the Company’s corporate offices and shared service centers in the United States and Europe, which includes transaction processing, accounting and other business support functions, are allocated to the segments and are included in Segment selling and administrative expenses. Certain other administrative expenses, including senior management compensation, treasury, internal audit, tax compliance, certain information technology, and other corporate functions, are not allocated to the segments to determine Segment Adjusted EBITDA.
The following table provides summarized information about the Company’s operations by reportable segment and reconciles Segment Adjusted EBITDA to Income Before Income Taxes for the years ended December 31, 2025, 2024 and 2023.
| Industrial Technologies and Services | Precision and Science Technologies | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||
| 2025 | 2024 | 2023 | 2025 | 2024 | 2023 | 2025 | 2024 | 2023 | |||||||||||||||||||||||||||||||||||||||||||||
| Revenue | $ | 6,056.4 | $ | 5,818.1 | $ | 5,632.8 | 1,594.5 | 1,416.9 | 1,243.3 | $ | 7,650.9 | $ | 7,235.0 | $ | 6,876.1 | ||||||||||||||||||||||||||||||||||||||
Segment cost of sales(1) | 3,346.8 | 3,193.3 | 3,225.0 | 825.6 | 736.2 | 648.8 | 4,172.4 | 3,929.5 | 3,873.8 | ||||||||||||||||||||||||||||||||||||||||||||
Segment selling and administrative expenses(2) | 963.5 | 868.5 | 818.5 | 291.2 | 264.6 | 222.5 | 1,254.7 | 1,133.1 | 1,041.0 | ||||||||||||||||||||||||||||||||||||||||||||
Other segment items(3) | (1.8) | 1.5 | 2.0 | (0.3) | (2.7) | (0.8) | (2.1) | (1.2) | 1.2 | ||||||||||||||||||||||||||||||||||||||||||||
| Segment Adjusted EBITDA | $ | 1,747.9 | $ | 1,754.8 | $ | 1,587.3 | 478.0 | 418.8 | 372.8 | 2,225.9 | 2,173.6 | 1,960.1 | |||||||||||||||||||||||||||||||||||||||||
(1)Segment cost of sales excludes adjustments to LIFO inventories, depreciation and amortization expense, restructuring and related business transformation costs, acquisition and other transaction related expenses and non-cash charges.
(2)Segment selling and administrative expenses excludes depreciation and amortization expense, restructuring and related business transformation costs, acquisition and other transaction related expenses and non-cash charges.
(3)Other miscellaneous segment expenses.
| 2025 | 2024 | 2023 | |||||||||||||||
| Total Segment Adjusted EBITDA | $ | 2,225.9 | $ | 2,173.6 | $ | 1,960.1 | |||||||||||
| Less items to reconcile Segment Adjusted EBITDA to Income Before Income Taxes: | |||||||||||||||||
Corporate expenses not allocated to segments | 132.1 | 155.5 | 173.3 | ||||||||||||||
| Interest expense | 253.9 | 213.2 | 156.7 | ||||||||||||||
Depreciation and amortization expense(1) | 501.3 | 478.0 | 455.4 | ||||||||||||||
| Impairment of goodwill and other intangible assets | 273.4 | 13.9 | — | ||||||||||||||
Restructuring and related business transformation costs(2) | 51.7 | 32.3 | 22.9 | ||||||||||||||
Acquisition and other transaction related expenses and non-cash charges(3) | 26.0 | 59.8 | 63.9 | ||||||||||||||
Stock-based compensation | 53.0 | 58.8 | 51.9 | ||||||||||||||
| Foreign currency transaction losses, net | 18.6 | 3.2 | 5.1 | ||||||||||||||
Loss on extinguishment of debt | — | 3.0 | 13.5 | ||||||||||||||
| Adjustments to LIFO inventories | 17.8 | 6.7 | 12.0 | ||||||||||||||
Cybersecurity incident costs(4) | (1.3) | 0.5 | 2.3 | ||||||||||||||
| Loss on asbestos sale | — | 58.8 | — | ||||||||||||||
| Interest income on cash and cash equivalents | (30.0) | (43.3) | (28.8) | ||||||||||||||
Other adjustments(5) | (5.9) | 0.4 | 0.8 | ||||||||||||||
| Income Before Income Taxes | $ | 935.3 | $ | 1,132.8 | $ | 1,031.1 | |||||||||||
(1)Depreciation and amortization expense excludes $4.5 million, $4.0 million and $3.7 million of depreciation of rental equipment for the years ended December 31, 2025, 2024 and 2023, respectively.
(2)Restructuring and related business transformation costs consist of the following.
| 2025 | 2024 | 2023 | |||||||||||||||
| Restructuring charges | $ | 51.4 | $ | 31.2 | $ | 19.9 | |||||||||||
| Facility reorganization, relocation and other costs | 0.3 | 1.1 | 3.0 | ||||||||||||||
| Total restructuring and related business transformation costs | $ | 51.7 | $ | 32.3 | $ | 22.9 | |||||||||||
(3)Represents costs associated with successful and abandoned acquisitions, including third-party expenses, post-closure integration costs and non-cash charges and credits arising from fair value purchase accounting adjustments.
(4)Represents expected non-recoverable costs associated with a cybersecurity event, net of insurance recoveries.
(5)Includes (i) pension and other postretirement benefits (“OPEB”) plan costs other than service cost and (ii) other miscellaneous adjustments.
The following tables provide summarized information about the Company’s reportable segments.
Depreciation and Amortization Expense
| 2025 | 2024 | 2023 | |||||||||||||||
| Industrial Technologies and Services | $ | 282.1 | $ | 296.0 | $ | 313.8 | |||||||||||
| Precision and Science Technologies | 219.1 | 177.1 | 135.4 | ||||||||||||||
| Corporate and other | 4.6 | 8.9 | 9.9 | ||||||||||||||
| Total depreciation and amortization expense | $ | 505.8 | $ | 482.0 | $ | 459.1 | |||||||||||
Capital Expenditures
| 2025 | 2024 | 2023 | |||||||||||||||
| Industrial Technologies and Services | $ | 92.5 | $ | 83.0 | $ | 83.9 | |||||||||||
| Precision and Science Technologies | 36.9 | 21.3 | 18.5 | ||||||||||||||
| Corporate and other | 6.2 | 44.8 | 3.0 | ||||||||||||||
| Total capital expenditures | $ | 135.6 | $ | 149.1 | $ | 105.4 | |||||||||||
Identifiable Assets
| 2025 | 2024 | ||||||||||
| Industrial Technologies and Services | $ | 11,266.4 | $ | 10,369.6 | |||||||
| Precision and Science Technologies | 5,656.4 | 5,884.1 | |||||||||
| Corporate and other | 1,374.4 | 1,756.1 | |||||||||
| Total identifiable assets | $ | 18,297.2 | $ | 18,009.8 | |||||||
The following table presents property, plant and equipment, net by geographic region for the years ended December 31, 2025, and 2024.
| 2025 | 2024 | ||||||||||
| United States | $ | 383.8 | $ | 381.8 | |||||||
| Other Americas | 50.1 | 38.1 | |||||||||
| Total Americas | 433.9 | 419.9 | |||||||||
EMEIA(1) | 328.3 | 256.5 | |||||||||
| China | 149.9 | 152.3 | |||||||||
| Other Asia Pacific | 18.2 | 13.4 | |||||||||
| Total Asia Pacific | 168.1 | 165.7 | |||||||||
| Total | $ | 930.3 | $ | 842.1 | |||||||
(1)Europe, Middle East, India and Africa (“EMEIA”)
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 16, 2018 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.