Ingersoll Rand Inc (IR)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 778,700 | 766,300 | 703,100 | 662,100 | 604,700 | 680,300 | 661,200 | 756,600 | 562,500 | 421,100 | 324,600 | -86,900 | -33,300 | -159,200 | -147,400 | 75,100 | 159,000 | 227,800 | 258,700 | 274,100 |
| Revenue (ttm) | US$ in thousands | 6,876,100 | 6,678,400 | 6,455,200 | 6,208,600 | 5,916,300 | 5,711,400 | 5,520,700 | 5,359,900 | 5,152,400 | 4,952,100 | 4,739,600 | 4,485,900 | 4,059,900 | 3,012,800 | 2,497,000 | 2,100,700 | 2,017,500 | 2,558,800 | 2,651,400 | 2,690,500 |
| Net profit margin | 11.32% | 11.47% | 10.89% | 10.66% | 10.22% | 11.91% | 11.98% | 14.12% | 10.92% | 8.50% | 6.85% | -1.94% | -0.82% | -5.28% | -5.90% | 3.57% | 7.88% | 8.90% | 9.76% | 10.19% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $778,700K ÷ $6,876,100K
= 11.32%
To analyze Ingersoll-Rand Inc's net profit margin, we observe fluctuations in the metric across the given quarters. The net profit margin expresses the company's profitability as a percentage of its total revenue.
In Q4 2023, the net profit margin stood at 11.32%, showing a slight decrease from the preceding quarter. This downward trend continued from Q3 2023, where the margin was at 11.47%. In comparison to the previous year, Q4 2022's margin was marginally lower at 10.22%.
Looking at Q2 and Q1 2023, the net profit margins were 10.89% and 10.66%, respectively. These figures exhibit a relatively steady performance, with only a minor decline between the two periods.
In contrast, the company's net profit margin was notably higher in Q2 2022 and Q1 2022, reaching 12.52% and 14.78%, respectively. These percentages indicate a significant increase in profitability compared to the more recent quarters.
Overall, Ingersoll-Rand Inc's net profit margin has demonstrated both fluctuations and relative consistency over the provided periods. The variations suggest changes in the company's ability to translate revenue into profit, influenced by factors such as cost management, pricing strategies, and operational efficiency.
Peer comparison
Dec 31, 2023