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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,910 | $5,152 | $5,916 | $6,876 | $7,235 |
| Gross Profit | $1,613 | $1,989 | $2,326 | $2,882 | $3,170 |
| Operating Income | $86 | $566 | $817 | $1,164 | $1,300 |
| Net Income | -$33 | $563 | $605 | $779 | $839 |
Over the past five years, Ingersoll Rand Inc. has demonstrated a marked turnaround and steady growth across key income statement metrics. In 2020, the company posted revenue of $4.91 billion and a negative net income, signaling early challenges in profitability. However, the transition to 2021 was significant: revenue grew to $5.15 billion, and net income rebounded sharply to $562.5 million from a loss of $33.3 million—a swing well above 20%, indicating substantial operational improvements. This positive trajectory continued into 2022, with revenue reaching $5.92 billion and net income increasing modestly to $604.7 million, suggesting that the company had stabilized its recovery and was benefitting from effective cost management and improved market positioning. The upward trend persists in subsequent years, with revenue climbing to $6.88 billion in 2023 and $7.24 billion in 2024, while gross and operating incomes have shown consistent gains—from gross profit of $1.61 billion in 2020 to $3.17 billion in 2024, and operating income improving from $85.7 million to $1.3 billion over the same period. The acceleration in operating income, particularly from 2020 to 2021 and again from 2022 to 2023, points to enhanced operational efficiencies and possible scaling benefits as the company navigates its competitive industrial landscape. Overall, Ingersoll Rand’s financial performance reflects improved profitability, robust revenue growth, and operational resilience, suggesting a sound financial footing and sustainable performance prospects amid evolving market conditions in the industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.