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Ingersoll Rand vs Zebra Technologies: revenue, profit, margins and growth compared

Ingersoll Rand brought in $7.7B of revenue in fiscal 2025, Zebra Technologies $5.4B in fiscal 2025. Revenue changed by +5.7% at Ingersoll Rand and +8.3% at Zebra Technologies on the year before, so Zebra Technologies grew faster. Ingersoll Rand kept 7.6% of its revenue as net profit, Zebra Technologies 7.8%. Free cash flow was $1.2B at Ingersoll Rand and $831M at Zebra Technologies.

Side by side, latest fiscal year

IRZBRA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.7B$5.4B
Revenue growth+5.7%+8.3%
Net income$581.4M$419M
Net margin7.6%7.8%
Free cash flow$1.2B$831M
Free cash flow margin15.9%15.4%
Earnings per share (diluted)$1.45$8.18
Cash$1.2B$125M
Debt$4.8B$2.5B
Price to earnings52.545.2
Market value$29.5B$17.5B
Dividend yieldn/an/a
Rank by revenue in sector#86 of 451 · Industrials#116 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: $7.7BZBRA FY2018: $4.2BZBRA FY2019: $4.5BZBRA FY2020: $4.4BZBRA FY2021: $5.6BZBRA FY2022: $5.8BZBRA FY2023: $4.6BZBRA FY2024: $5BZBRA FY2025: $5.4BFY18FY19FY20FY21FY22FY23FY24FY25
IR $7.7BZBRA $5.4B
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: $581.4MZBRA FY2018: $421MZBRA FY2019: $544MZBRA FY2020: $504MZBRA FY2021: $837MZBRA FY2022: $463MZBRA FY2023: $296MZBRA FY2024: $528MZBRA FY2025: $419MFY18FY19FY20FY21FY22FY23FY24FY25
IR $581.4MZBRA $419M
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%ZBRA FY2018: 10.0%ZBRA FY2019: 12.1%ZBRA FY2020: 11.3%ZBRA FY2021: 14.9%ZBRA FY2022: 8.0%ZBRA FY2023: 6.5%ZBRA FY2024: 10.6%ZBRA FY2025: 7.8%FY18FY19FY20FY21FY22FY23FY24FY25
IR 7.6%ZBRA 7.8%
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%ZBRA FY2019: +6.3%ZBRA FY2020: -0.8%ZBRA FY2021: +26.5%ZBRA FY2022: +2.7%ZBRA FY2023: -20.7%ZBRA FY2024: +8.7%ZBRA FY2025: +8.3%FY19FY20FY21FY22FY23FY24FY25
IR +5.7%ZBRA +8.3%
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: $1.2BZBRA FY2018: $721MZBRA FY2019: $624MZBRA FY2020: $895MZBRA FY2021: $1BZBRA FY2022: $413MZBRA FY2023: -$91MZBRA FY2024: $954MZBRA FY2025: $831MFY18FY19FY20FY21FY22FY23FY24FY25
IR $1.2BZBRA $831M

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

Questions about Ingersoll Rand and Zebra Technologies

Which is bigger by revenue, Ingersoll Rand or Zebra Technologies?

Ingersoll Rand is bigger by revenue: $7.7B in fiscal 2025, against $5.4B for Zebra Technologies in fiscal 2025.

Which keeps more of its revenue as profit, Ingersoll Rand or Zebra Technologies?

Ingersoll Rand had a net margin of 7.6% in fiscal 2025; Zebra Technologies had 7.8% in fiscal 2025.

Which grew revenue faster, Ingersoll Rand or Zebra Technologies?

In their latest fiscal years revenue changed by +5.7% at Ingersoll Rand and +8.3% at Zebra Technologies.

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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