Ingersoll Rand Inc. stock research
FY2025 Q3
Ingersoll Rand (IR) Gross Margin — Quarter Ended Sep 30, 2025
Revenue increased compared to both the prior quarter and the year-ago quarter. Gross profit rose accordingly, while cost of revenue remained unchanged from the prior quarter and increased from the year-ago quarter, leading to a gross margin that was stable versus the prior quarter and slightly lower than the year-ago quarter.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue increased compared to both the prior quarter and the year-ago quarter. Gross profit rose accordingly, while cost of revenue remained unchanged from the prior quarter and increased from the year-ago quarter, leading to a gross margin that was stable versus the prior quarter and slightly lower than the year-ago quarter.
- The most notable margin driver was the stability of cost of revenue from the prior quarter, which allowed the increase in revenue to flow through to gross profit while keeping gross margin unchanged.
- Gross margin was unchanged from the prior quarter and slightly lower than the same quarter one year earlier. Revenue and gross profit were higher than both comparison periods.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.7%
Gross profit
$855.2M
Revenue
$2.0B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.1 pts
Year-over-year change
-0.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $1.9B | $815.4M | $1.1B | 42.9% |
| Mar 31, 2025 | $1.7B | $765.5M | $951.3M | 44.6% |
| Jun 30, 2025 | $1.9B | $824.9M | $1.1B | 43.7% |
| Sep 30, 2025 | $2.0B | $855.2M | $1.1B | 43.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.1 pts
Year-over-year change
Sep 30, 2024
-0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable margin driver was the stability of cost of revenue from the prior quarter, which allowed the increase in revenue to flow through to gross profit while keeping gross margin unchanged.
Gross margin was unchanged from the prior quarter and slightly lower than the same quarter one year earlier. Revenue and gross profit were higher than both comparison periods.
Monitor whether cost of revenue continues to remain stable as revenue changes.