IR Ingersoll Rand (IR) Q4 FY25 earnings call
Ingersoll Rand concluded FY25 with solid Q4 results, driven by low single-digit organic order growth and significant momentum in recurring revenue, which now boasts a substantial backlog. The company's strategic M&A engine remains robust, with 16 acquisitions completed in 2025 and a strong pipeline for 2026. While facing some margin pressure from tariffs and growth investments, the company anticipates a stable market trajectory for FY26, with earnings growth expected to be relatively even across the year.
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IR operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Book-to-bill ratio | 0.95 ratioBook-to-bill for the quarter was 0.95, finishing in line with our previous guidance of above 1x in the first half and below 1x in the second half.Source: earnings call transcript | 1.03 ratioOrders continued their strong start, up 8% year-over-year with a book-to-bill of 1.03x.Source: earnings call transcript | 0.99 ratioOrders showed continued strength in the third quarter, up 8% year-over-year or up 2% organically with a book-to-bill of 0.99x.Source: earnings call transcript | 0.93 ratioConsistent with normal seasonality, fourth quarter book-to-bill finished at 0.93x.Source: earnings call transcript | 1.07 ratioOrders finished up 5% year-over-year, resulting in a book-to-bill of 1.07x, which is consistent with normal seasonality.Source: earnings call transcript | 1 ratioBook-to-bill finished at 1.0 turns slightly lower than we typically see in the second quarter, primarily reflecting the delayed timing of several large project orders.Source: earnings call transcript | -6.5% |
| Book-to-bill ratio IT&S | — | 1.05 ratioBook-to-bill was 1.05x.Source: earnings call transcript | — | — | 1.08 ratioBook-to-bill for the quarter was 1.08x.Source: earnings call transcript | — | — |
| Book-to-bill ratio P&ST | — | 0.96 ratioQ2 orders in PST (sic) [ P&ST ] were up 13% year-over-year with a book-to-bill of 0.96x.Source: earnings call transcript | 1.01 ratioQ3 orders in PST were up 11% year-over-year with a book-to-bill of 1.01x.Source: earnings call transcript | 0.96 ratioQ4 orders in PST were up 6% year-over-year with a book-to-bill of 0.96x.Source: earnings call transcript | 1.04 ratioQ1 orders in PST were up 6% year-over-year with a book-to-bill of 1.04x.Source: earnings call transcript | — | +8.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.