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Gates Industrial vs Ingersoll Rand: revenue, profit, margins and growth compared

Gates Industrial brought in $3.4B of revenue in fiscal 2025, Ingersoll Rand $7.7B in fiscal 2025. Revenue changed by +1.0% at Gates Industrial and +5.7% at Ingersoll Rand on the year before, so Ingersoll Rand grew faster. Gates Industrial kept 7.3% of its revenue as net profit, Ingersoll Rand 7.6%. Free cash flow was $404.9M at Gates Industrial and $1.2B at Ingersoll Rand.

Side by side, latest fiscal year

GTESIR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.4B$7.7B
Revenue growth+1.0%+5.7%
Net income$251.4M$581.4M
Net margin7.3%7.6%
Free cash flow$404.9M$1.2B
Free cash flow margin11.8%15.9%
Earnings per share (diluted)$0.96$1.45
Cash$812.1M$1.2B
Debt$2.2B$4.8B
Price to earnings28.052.5
Market value$6.8B$29.5B
Dividend yieldn/an/a
Rank by revenue in sector#162 of 451 · Industrials#86 of 451 · Industrials

Over the years

Revenue
GTES FY2018: $3.3BGTES FY2019: $3.1BGTES FY2020: $2.8BGTES FY2021: $3.5BGTES FY2022: $3.6BGTES FY2023: $3.6BGTES FY2024: $3.4BGTES FY2025: $3.4BIR FY2018: $2.7BIR FY2019: $2BIR FY2020: $4BIR FY2021: $5.2BIR FY2022: $5.9BIR FY2023: $6.9BIR FY2024: $7.2BIR FY2025: $7.7BFY18FY19FY20FY21FY22FY23FY24FY25
GTES $3.4BIR $7.7B
Net income
GTES FY2018: $245.3MGTES FY2019: $690.1MGTES FY2020: $79.4MGTES FY2021: $297.1MGTES FY2022: $220.8MGTES FY2023: $232.9MGTES FY2024: $194.9MGTES FY2025: $251.4MIR FY2018: $269.4MIR FY2019: $159.1MIR FY2020: -$33.3MIR FY2021: $562.5MIR FY2022: $604.7MIR FY2023: $778.7MIR FY2024: $838.6MIR FY2025: $581.4MFY18FY19FY20FY21FY22FY23FY24FY25
GTES $251.4MIR $581.4M
Net margin
GTES FY2018: 7.3%GTES FY2019: 22.4%GTES FY2020: 2.8%GTES FY2021: 8.6%GTES FY2022: 6.2%GTES FY2023: 6.5%GTES FY2024: 5.7%GTES FY2025: 7.3%IR FY2018: 10.0%IR FY2019: 7.9%IR FY2020: -0.8%IR FY2021: 10.9%IR FY2022: 10.2%IR FY2023: 11.3%IR FY2024: 11.6%IR FY2025: 7.6%FY18FY19FY20FY21FY22FY23FY24FY25
GTES 7.3%IR 7.6%
Revenue growth
GTES FY2019: -7.8%GTES FY2020: -9.5%GTES FY2021: +24.4%GTES FY2022: +2.3%GTES FY2023: +0.5%GTES FY2024: -4.5%GTES FY2025: +1.0%IR FY2019: -25.0%IR FY2020: +96.9%IR FY2021: +29.7%IR FY2022: +14.8%IR FY2023: +16.2%IR FY2024: +5.2%IR FY2025: +5.7%FY19FY20FY21FY22FY23FY24FY25
GTES +1.0%IR +5.7%
Free cash flow
GTES FY2018: $147.4MGTES FY2019: $276.8MGTES FY2020: $250.8MGTES FY2021: $304.7MGTES FY2022: $188.2MGTES FY2023: $419.8MGTES FY2024: $296.5MGTES FY2025: $404.9MIR FY2018: $392.3MIR FY2019: $305.4MIR FY2020: $872.3MIR FY2021: $563.7MIR FY2022: $770.8MIR FY2023: $1.3BIR FY2024: $1.2BIR FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
GTES $404.9MIR $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Gates Industrial and Ingersoll Rand

Which is bigger by revenue, Gates Industrial or Ingersoll Rand?

Ingersoll Rand is bigger by revenue: $7.7B in fiscal 2025, against $3.4B for Gates Industrial in fiscal 2025.

Which keeps more of its revenue as profit, Gates Industrial or Ingersoll Rand?

Gates Industrial had a net margin of 7.3% in fiscal 2025; Ingersoll Rand had 7.6% in fiscal 2025.

Which grew revenue faster, Gates Industrial or Ingersoll Rand?

In their latest fiscal years revenue changed by +1.0% at Gates Industrial and +5.7% at Ingersoll Rand.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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