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Ingersoll Rand vs Illinois Tool Works: revenue, profit, margins and growth compared

Ingersoll Rand brought in $7.7B of revenue in fiscal 2025, Illinois Tool Works $16B in fiscal 2025. Revenue changed by +5.7% at Ingersoll Rand and +0.9% at Illinois Tool Works on the year before, so Ingersoll Rand grew faster. Ingersoll Rand kept 7.6% of its revenue as net profit, Illinois Tool Works 19.1%. Free cash flow was $1.2B at Ingersoll Rand and $2.7B at Illinois Tool Works.

Side by side, latest fiscal year

IRITW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.7B$16B
Revenue growth+5.7%+0.9%
Net income$581.4M$3.1B
Net margin7.6%19.1%
Free cash flow$1.2B$2.7B
Free cash flow margin15.9%16.9%
Earnings per share (diluted)$1.45$10.49
Cash$1.2B$851M
Debt$4.8B$7.7B
Price to earnings52.526.1
Market value$29.5B$78.1B
Dividend yieldn/a2.27%
Rank by revenue in sector#86 of 451 · Industrials#39 of 451 · Industrials

Over the years

Revenue
IR FY2018: $2.7BIR FY2019: $2BIR FY2020: $4BIR FY2021: $5.2BIR FY2022: $5.9BIR FY2023: $6.9BIR FY2024: $7.2BIR FY2025: $7.7BITW FY2018: $14.8BITW FY2019: $14.1BITW FY2020: $12.6BITW FY2021: $14.5BITW FY2022: $15.9BITW FY2023: $16.1BITW FY2024: $15.9BITW FY2025: $16BFY18FY19FY20FY21FY22FY23FY24FY25
IR $7.7BITW $16B
Net income
IR FY2018: $269.4MIR FY2019: $159.1MIR FY2020: -$33.3MIR FY2021: $562.5MIR FY2022: $604.7MIR FY2023: $778.7MIR FY2024: $838.6MIR FY2025: $581.4MITW FY2018: $2.6BITW FY2019: $2.5BITW FY2020: $2.1BITW FY2021: $2.7BITW FY2022: $3BITW FY2023: $3BITW FY2024: $3.5BITW FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
IR $581.4MITW $3.1B
Net margin
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%ITW FY2018: 17.4%ITW FY2019: 17.9%ITW FY2020: 16.8%ITW FY2021: 18.6%ITW FY2022: 19.0%ITW FY2023: 18.4%ITW FY2024: 21.9%ITW FY2025: 19.1%FY18FY19FY20FY21FY22FY23FY24FY25
IR 7.6%ITW 19.1%
Revenue growth
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%ITW FY2019: -4.5%ITW FY2020: -10.9%ITW FY2021: +15.0%ITW FY2022: +10.2%ITW FY2023: +1.1%ITW FY2024: -1.3%ITW FY2025: +0.9%FY19FY20FY21FY22FY23FY24FY25
IR +5.7%ITW +0.9%
Free cash flow
IR FY2018: $392.3MIR FY2019: $305.4MIR FY2020: $872.3MIR FY2021: $563.7MIR FY2022: $770.8MIR FY2023: $1.3BIR FY2024: $1.2BIR FY2025: $1.2BITW FY2018: $2.4BITW FY2019: $2.7BITW FY2020: $2.6BITW FY2021: $2.3BITW FY2022: $1.9BITW FY2023: $3.1BITW FY2024: $2.8BITW FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
IR $1.2BITW $2.7B

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

Questions about Ingersoll Rand and Illinois Tool Works

Which is bigger by revenue, Ingersoll Rand or Illinois Tool Works?

Illinois Tool Works is bigger by revenue: $16B in fiscal 2025, against $7.7B for Ingersoll Rand in fiscal 2025.

Which keeps more of its revenue as profit, Ingersoll Rand or Illinois Tool Works?

Ingersoll Rand had a net margin of 7.6% in fiscal 2025; Illinois Tool Works had 19.1% in fiscal 2025.

Which grew revenue faster, Ingersoll Rand or Illinois Tool Works?

In their latest fiscal years revenue changed by +5.7% at Ingersoll Rand and +0.9% at Illinois Tool Works.

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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