What is Ingersoll Rand's work in process?

Ingersoll Rand (IR) reported work in process of $161.8M in Q1 2026.

How has Ingersoll Rand's work in process changed year-over-year?

Ingersoll Rand's work in process increased by 47.4% year-over-year, from $109.8M to $161.8M.

What is the long-term trend for Ingersoll Rand's work in process?

Over 5 years (2020 to 2025), Ingersoll Rand's work in process has grown at a 15.7% compound annual growth rate (CAGR), from $62.2M to $128.7M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Ingersoll Rand IR Work in process

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Other financials

Income statement

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Revenue$1.8B+7.6%

Gross profit$792.4M+3.5%

Operating income$289.7M-4.2%

Net income$192.1M+3.0%

EPS (diluted)$0.49+6.5%

Balance sheet

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Cash & equivalents$1.3B-21.0%

Total debt$4.8B+0.2%

Total equity$10.2B-3.0%

Total assets$18.2B-0.9%

Cash flow

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Operating cash flow$199.7M-22.1%

CapEx$36.3M+7.7%

Free cash flow$163.4M-26.6%

Valuation

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Market cap$32.09B-10.2%

Enterprise value$35.65B-9.1%

P/E54.7×-13.7×

P/S4.1×-0.7×

Profitability

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Gross margin43.2%-0.6pp

Operating margin14.5%-3.4pp

Net margin7.5%-3.8pp

FCF margin14.9%-3.9pp

Returns & leverage

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Return on equity5.7%-2.4pp

Debt / equity0.5×0.0×

Current ratio2.2×-0.2×

Where this comes from

Reported directly by Ingersoll Rand in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Ingersoll Rand’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ingersoll Rand's work in process?: Ingersoll Rand (IR) reported work in process of $161.8M in Q1 2026.
How has Ingersoll Rand's work in process changed year-over-year?: Ingersoll Rand's work in process increased by 47.4% year-over-year, from $109.8M to $161.8M.
What is the long-term trend for Ingersoll Rand's work in process?: Over 5 years (2020 to 2025), Ingersoll Rand's work in process has grown at a 15.7% compound annual growth rate (CAGR), from $62.2M to $128.7M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.