Ingersoll Rand Inc. stock research
FY2026 Q1
Ingersoll Rand (IR) Gross Margin — Quarter Ended Mar 31, 2026
Revenue and gross profit decreased from the preceding quarter, while cost of revenue also declined. Gross margin improved slightly compared to the prior quarter but weakened relative to the same quarter last year.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and gross profit decreased from the preceding quarter, while cost of revenue also declined. Gross margin improved slightly compared to the prior quarter but weakened relative to the same quarter last year.
- The gross margin rate was higher than the prior quarter, with cost of revenue declining at a faster pace than revenue.
- Compared to the prior quarter, revenue and gross profit were lower, but gross margin was higher. Compared to the same quarter a year ago, revenue and gross profit were higher, but gross margin was lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.9%
Gross profit
$792.4M
Revenue
$1.8B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.3 pts
Year-over-year change
-1.7 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 |
|---|---|---|---|---|
| Jun 30, 2025 | $1.9B | $824.9M | $1.1B | 43.7% |
| Sep 30, 2025 | $2.0B | $855.2M | $1.1B | 43.7% |
| Dec 31, 2025 | $2.1B | $890.7M | $1.2B | 42.6% |
| Mar 31, 2026 | $1.8B | $792.4M | $1.1B | 42.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.3 pts
Year-over-year change
Mar 31, 2025
-1.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin rate was higher than the prior quarter, with cost of revenue declining at a faster pace than revenue.
Compared to the prior quarter, revenue and gross profit were lower, but gross margin was higher. Compared to the same quarter a year ago, revenue and gross profit were higher, but gross margin was lower.
Monitor whether the gross margin rate continues to improve relative to the prior quarter or reverts toward the year-ago level.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Ingersoll Rand Inc. (IR) | 42.9% |