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Side-by-side financial comparison of Ingersoll Rand (IR) and Kellanova (K). Click either name above to swap in a different company.

Kellanova is the larger business by last-quarter revenue ($3.3B vs $2.1B, roughly 1.6× Ingersoll Rand). Ingersoll Rand runs the higher net margin — 12.7% vs 9.5%, a 3.2% gap on every dollar of revenue. On growth, Ingersoll Rand posted the faster year-over-year revenue change (10.1% vs 0.8%). Ingersoll Rand produced more free cash flow last quarter ($461.5M vs $359.0M). Over the past eight quarters, Ingersoll Rand's revenue compounded faster (11.9% CAGR vs -9.0%).

Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.

Kellanova, formerly known as the Kellogg Company, is an American multinational food manufacturing company owned by Mars Inc. headquartered in Chicago, Illinois. The renaming took effect on October 2, 2023, and the company's North American cereal operations were spun off to form the WK Kellogg Co at the same time.

IR vs K — Head-to-Head

Bigger by revenue
K
K
1.6× larger
K
$3.3B
$2.1B
IR
Growing faster (revenue YoY)
IR
IR
+9.3% gap
IR
10.1%
0.8%
K
Higher net margin
IR
IR
3.2% more per $
IR
12.7%
9.5%
K
More free cash flow
IR
IR
$102.5M more FCF
IR
$461.5M
$359.0M
K
Faster 2-yr revenue CAGR
IR
IR
Annualised
IR
11.9%
-9.0%
K

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IR
IR
K
K
Revenue
$2.1B
$3.3B
Net Profit
$266.1M
$309.0M
Gross Margin
42.6%
33.3%
Operating Margin
18.7%
13.9%
Net Margin
12.7%
9.5%
Revenue YoY
10.1%
0.8%
Net Profit YoY
15.8%
-15.8%
EPS (diluted)
$0.67
$0.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IR
IR
K
K
Q4 25
$2.1B
Q3 25
$2.0B
$3.3B
Q2 25
$1.9B
$3.2B
Q1 25
$1.7B
$3.1B
Q4 24
$1.9B
$3.1B
Q3 24
$1.9B
$3.2B
Q2 24
$1.8B
$3.2B
Q1 24
$1.7B
$3.2B
Net Profit
IR
IR
K
K
Q4 25
$266.1M
Q3 25
$244.1M
$309.0M
Q2 25
$-115.3M
$299.0M
Q1 25
$186.5M
$304.0M
Q4 24
$229.8M
$365.0M
Q3 24
$221.6M
$367.0M
Q2 24
$185.0M
$344.0M
Q1 24
$202.2M
$267.0M
Gross Margin
IR
IR
K
K
Q4 25
42.6%
Q3 25
43.7%
33.3%
Q2 25
43.7%
34.0%
Q1 25
44.6%
34.3%
Q4 24
42.9%
37.7%
Q3 24
43.8%
36.4%
Q2 24
43.9%
36.4%
Q1 24
44.7%
32.2%
Operating Margin
IR
IR
K
K
Q4 25
18.7%
Q3 25
19.2%
13.9%
Q2 25
4.0%
13.7%
Q1 25
17.6%
13.9%
Q4 24
20.0%
17.0%
Q3 24
19.1%
14.1%
Q2 24
15.1%
15.4%
Q1 24
17.6%
12.3%
Net Margin
IR
IR
K
K
Q4 25
12.7%
Q3 25
12.5%
9.5%
Q2 25
-6.1%
9.3%
Q1 25
10.9%
9.9%
Q4 24
12.1%
11.7%
Q3 24
11.9%
11.4%
Q2 24
10.2%
10.8%
Q1 24
12.1%
8.3%
EPS (diluted)
IR
IR
K
K
Q4 25
$0.67
Q3 25
$0.61
$0.88
Q2 25
$-0.29
$0.85
Q1 25
$0.46
$0.87
Q4 24
$0.57
$1.05
Q3 24
$0.54
$1.05
Q2 24
$0.45
$1.00
Q1 24
$0.50
$0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IR
IR
K
K
Cash + ST InvestmentsLiquidity on hand
$1.2B
$240.0M
Total DebtLower is stronger
$4.8B
$4.3B
Stockholders' EquityBook value
$10.1B
$4.2B
Total Assets
$18.3B
$15.6B
Debt / EquityLower = less leverage
0.47×
1.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IR
IR
K
K
Q4 25
$1.2B
Q3 25
$1.2B
$240.0M
Q2 25
$1.3B
$354.0M
Q1 25
$1.6B
$330.0M
Q4 24
$1.5B
$694.0M
Q3 24
$1.4B
$569.0M
Q2 24
$1.1B
$272.0M
Q1 24
$1.5B
$242.0M
Total Debt
IR
IR
K
K
Q4 25
$4.8B
Q3 25
$4.8B
$4.3B
Q2 25
$4.8B
$4.3B
Q1 25
$4.8B
$5.0B
Q4 24
$4.8B
$5.0B
Q3 24
$4.8B
$5.1B
Q2 24
$4.8B
$5.0B
Q1 24
$2.7B
$4.4B
Stockholders' Equity
IR
IR
K
K
Q4 25
$10.1B
Q3 25
$10.1B
$4.2B
Q2 25
$10.1B
$4.1B
Q1 25
$10.5B
$3.9B
Q4 24
$10.2B
$3.8B
Q3 24
$10.3B
$3.6B
Q2 24
$10.0B
$3.3B
Q1 24
$9.9B
$3.2B
Total Assets
IR
IR
K
K
Q4 25
$18.3B
Q3 25
$18.2B
$15.6B
Q2 25
$18.1B
$15.9B
Q1 25
$18.4B
$15.5B
Q4 24
$18.0B
$15.6B
Q3 24
$18.2B
$15.8B
Q2 24
$17.8B
$15.3B
Q1 24
$15.5B
$15.3B
Debt / Equity
IR
IR
K
K
Q4 25
0.47×
Q3 25
0.47×
1.02×
Q2 25
0.47×
1.05×
Q1 25
0.45×
1.28×
Q4 24
0.47×
1.32×
Q3 24
0.47×
1.40×
Q2 24
0.48×
1.51×
Q1 24
0.27×
1.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IR
IR
K
K
Operating Cash FlowLast quarter
$499.0M
$503.0M
Free Cash FlowOCF − Capex
$461.5M
$359.0M
FCF MarginFCF / Revenue
22.1%
11.0%
Capex IntensityCapex / Revenue
1.8%
4.4%
Cash ConversionOCF / Net Profit
1.88×
1.63×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$599.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IR
IR
K
K
Q4 25
$499.0M
Q3 25
$354.6M
$503.0M
Q2 25
$245.7M
$169.0M
Q1 25
$256.4M
$116.0M
Q4 24
$526.2M
$467.0M
Q3 24
$404.0M
$553.0M
Q2 24
$304.9M
$376.0M
Q1 24
$161.6M
$364.0M
Free Cash Flow
IR
IR
K
K
Q4 25
$461.5M
Q3 25
$325.5M
$359.0M
Q2 25
$210.4M
$21.0M
Q1 25
$222.7M
$-60.0M
Q4 24
$490.9M
$279.0M
Q3 24
$374.3M
$410.0M
Q2 24
$283.1M
$234.0M
Q1 24
$99.3M
$209.0M
FCF Margin
IR
IR
K
K
Q4 25
22.1%
Q3 25
16.6%
11.0%
Q2 25
11.1%
0.7%
Q1 25
13.0%
-1.9%
Q4 24
25.9%
8.9%
Q3 24
20.1%
12.7%
Q2 24
15.7%
7.3%
Q1 24
5.9%
6.5%
Capex Intensity
IR
IR
K
K
Q4 25
1.8%
Q3 25
1.5%
4.4%
Q2 25
1.9%
4.6%
Q1 25
2.0%
5.7%
Q4 24
1.9%
6.0%
Q3 24
1.6%
4.4%
Q2 24
1.2%
4.4%
Q1 24
3.7%
4.8%
Cash Conversion
IR
IR
K
K
Q4 25
1.88×
Q3 25
1.45×
1.63×
Q2 25
0.57×
Q1 25
1.37×
0.38×
Q4 24
2.29×
1.28×
Q3 24
1.82×
1.51×
Q2 24
1.65×
1.09×
Q1 24
0.80×
1.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IR
IR

Transferred At Point In Time$1.5B71%
Transferred Over Time$193.0M9%
Precision And Science Technologies Segment$183.1M9%
Acquisitions In2024$175.6M8%
Acquisitions In2025$70.8M3%

K
K

Retail Channel Snacks$2.0B62%
Retail Channel Cereal$678.0M21%
Noodlesand Other$280.0M9%
Frozen And Specialty Channels$275.0M8%

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