Ingersoll Rand Inc. (IR)
Ingersoll Rand makes air compressors, pumps, and flow-control equipment for industrial uses.
IR vs NDSN: how the two businesses compare
- Bigger business: IR, with $7.7B of yearly revenue, about 2.7× NDSN's $2.8B.
- More profitable: NDSN keeps 17 cents of each sales dollar as profit, against 8 cents at IR.
- More cash from each sale: NDSN turns 26 cents of each sales dollar into operating cash flow, against 18 cents at IR.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Ingersoll Rand (IR) is the larger business by reported revenue: $7.7B in its fiscal year ended Dec 2025, about 2.7× NDSN's $2.8B (fiscal year ended Oct 2025). IR's net margin was 7.6% and NDSN's 17.4%. The SEC places them in related industries (General Industrial Machinery & Equipment; General Industrial Machinery & Equipment, NEC), and both map to the Economic trends research theme.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Industrials
- Different
- Separate classifications
- Different
- IR December 31 · NDSN October 31
- Feb 17, 2026
IR vs NDSN: quick comparison
| Company fact | IR | NDSN |
|---|---|---|
| Company | Ingersoll Rand Inc. | Nordson Corporation |
| Exchange | NYSE | NASDAQ |
| SEC industry | General Industrial Machinery & Equipment | General Industrial Machinery & Equipment, NEC |
| Fiscal year-end | December 31 | October 31 |
| Latest annual filing | 10-K · 2026-02-17 | 10-K · 2025-12-17 |
IR vs NDSN: audited financials
- Scale: IR's $7.7B of revenue is about 2.7× NDSN's $2.8B.
- Net margin: NDSN kept 17.4% of revenue as net income versus 7.6% at IR.
- Cash conversion: operating cash flow equalled IR 17.7% of revenue, or 2.33× net income; NDSN 25.8% of revenue, or 1.48× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 2 months apart (2025-12-31 for IR, 2025-10-31 for NDSN), so each figure reflects somewhat different demand and cost conditions.
| Metric | IR | NDSN |
|---|---|---|
| Revenue | $7.7B2025-01-01 to 2025-12-31 · SEC filing | $2.8B2024-11-01 to 2025-10-31 · SEC filing |
| Net income | $581M2025-01-01 to 2025-12-31 · SEC filing | $484M2024-11-01 to 2025-10-31 · SEC filing |
| Operating cash flow | $1.4B2025-01-01 to 2025-12-31 · SEC filing | $719M2024-11-01 to 2025-10-31 · SEC filing |
| Diluted EPS | $1.452025-01-01 to 2025-12-31 · SEC filing | $8.512024-11-01 to 2025-10-31 · SEC filing |
| Net margin | 7.6%2025-01-01 to 2025-12-31 · SEC filing | 17.4%2024-11-01 to 2025-10-31 · SEC filing |
IR: FY ending 2025-12-31 · NDSN: FY ending 2025-10-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where IR and NDSN overlap, and where they don't
Overlap
- Related SEC industries: both sit in SIC major group 35.
- Shared research theme: Economic trends.
Differences
- Different four-digit SIC codes: IR is 3560 (General Industrial Machinery & Equipment); NDSN is 3569 (General Industrial Machinery & Equipment, NEC).
- Offset fiscal calendars: IR's year ends December 31 and NDSN's October 31, about 2 months apart.
- Scale: IR reported about 2.7× the annual revenue of NDSN.
- Profitability: net margin of 7.6% for IR versus 17.4% for NDSN.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Nordson Corporation (NDSN)
Nordson makes precision dispensing and fluid-management equipment for manufacturing and electronics.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves IR
We have not yet published a company-specific driver list for IR. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-17.
What moves NDSN
We have not yet published a company-specific driver list for NDSN. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2025-12-17.
The investment question
You now know IR reports about 2.7× NDSN's revenue, and NDSN keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to economic trends, and which evidence in the next filings would prove that assumption wrong.
Members-only research
What members are reading this month
- Issue 07: The Vote That Knocked Almost a Quarter off Data Center Stocks
Texas has frozen new data center approvals since the summer. The vote extends that freeze, but it cannot unplug campuses that already have power. We map who is exposed, test whether the sell-off overshot and say where the real risk sits.
- Citadel bought the AI fire sale. The seller had run out of time.
Up 439% in the first half, down about 67% in July: how an AI hedge fund ended up selling a roughly $16 billion stock book to Citadel at a discount.
The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. IR's fiscal year ends December 31, while NDSN's ends October 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 9 matched transaction rows for IR and 3 matched transaction rows for NDSN. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
IR primary filings
NDSN primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving IR or NDSN
IR vs NDSN FAQs
Are IR and NDSN direct competitors?
Not necessarily. Ingersoll Rand files as General Industrial Machinery & Equipment and Nordson as General Industrial Machinery & Equipment, NEC. The pair is compared because both map to the Economic trends research theme, not because the filings show head-to-head competition.
Is IR or NDSN the bigger company by revenue?
Ingersoll Rand (IR) is the larger business by reported revenue: $7.7B in its fiscal year ended Dec 2025, about 2.7× NDSN's $2.8B (fiscal year ended Oct 2025). IR's net margin was 7.6% and NDSN's 17.4%. The SEC places them in related industries (General Industrial Machinery & Equipment; General Industrial Machinery & Equipment, NEC), and both map to the Economic trends research theme. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, IR or NDSN?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this IR vs NDSN comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Ingersoll Rand Inc. and Nordson Corporation tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
IR vs NDSN compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
Members-only research
$39/mo or $249/yr · cancel future renewals anytime · sources included