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

State Street Corporation is the larger business by last-quarter revenue ($3.7B vs $2.1B, roughly 1.8× Ingersoll Rand). State Street Corporation runs the higher net margin — 20.4% vs 12.7%, a 7.6% gap on every dollar of revenue. On growth, Ingersoll Rand posted the faster year-over-year revenue change (10.1% vs 7.5%). State Street Corporation produced more free cash flow last quarter ($9.8B vs $461.5M). Over the past eight quarters, Ingersoll Rand's revenue compounded faster (11.9% CAGR vs 8.1%).

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.

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792. As of the third quarter of 2025, State Street is one of the world's largest asset managers and custodians, with approximately US$5.4 trillion in assets under management and US$51.7 trillion under custody and administration.

IR vs STT — Head-to-Head

Bigger by revenue
STT
STT
1.8× larger
STT
$3.7B
$2.1B
IR
Growing faster (revenue YoY)
IR
IR
+2.7% gap
IR
10.1%
7.5%
STT
Higher net margin
STT
STT
7.6% more per $
STT
20.4%
12.7%
IR
More free cash flow
STT
STT
$9.3B more FCF
STT
$9.8B
$461.5M
IR
Faster 2-yr revenue CAGR
IR
IR
Annualised
IR
11.9%
8.1%
STT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IR
IR
STT
STT
Revenue
$2.1B
$3.7B
Net Profit
$266.1M
$747.0M
Gross Margin
42.6%
Operating Margin
18.7%
25.0%
Net Margin
12.7%
20.4%
Revenue YoY
10.1%
7.5%
Net Profit YoY
15.8%
-4.6%
EPS (diluted)
$0.67
$2.41

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
STT
STT
Q4 25
$2.1B
$3.7B
Q3 25
$2.0B
$3.5B
Q2 25
$1.9B
$3.4B
Q1 25
$1.7B
$3.3B
Q4 24
$1.9B
$3.4B
Q3 24
$1.9B
$3.3B
Q2 24
$1.8B
$3.2B
Q1 24
$1.7B
$3.1B
Net Profit
IR
IR
STT
STT
Q4 25
$266.1M
$747.0M
Q3 25
$244.1M
$861.0M
Q2 25
$-115.3M
$693.0M
Q1 25
$186.5M
$644.0M
Q4 24
$229.8M
$783.0M
Q3 24
$221.6M
$730.0M
Q2 24
$185.0M
$711.0M
Q1 24
$202.2M
$463.0M
Gross Margin
IR
IR
STT
STT
Q4 25
42.6%
Q3 25
43.7%
Q2 25
43.7%
Q1 25
44.6%
Q4 24
42.9%
Q3 24
43.8%
Q2 24
43.9%
Q1 24
44.7%
Operating Margin
IR
IR
STT
STT
Q4 25
18.7%
25.0%
Q3 25
19.2%
31.1%
Q2 25
4.0%
25.8%
Q1 25
17.6%
25.0%
Q4 24
20.0%
28.1%
Q3 24
19.1%
28.4%
Q2 24
15.1%
28.6%
Q1 24
17.6%
19.1%
Net Margin
IR
IR
STT
STT
Q4 25
12.7%
20.4%
Q3 25
12.5%
24.3%
Q2 25
-6.1%
20.1%
Q1 25
10.9%
19.6%
Q4 24
12.1%
22.9%
Q3 24
11.9%
22.4%
Q2 24
10.2%
22.3%
Q1 24
12.1%
14.8%
EPS (diluted)
IR
IR
STT
STT
Q4 25
$0.67
$2.41
Q3 25
$0.61
$2.78
Q2 25
$-0.29
$2.17
Q1 25
$0.46
$2.04
Q4 24
$0.57
$2.43
Q3 24
$0.54
$2.26
Q2 24
$0.45
$2.15
Q1 24
$0.50
$1.37

Balance Sheet & Financial Strength

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

Metric
IR
IR
STT
STT
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$4.8B
Stockholders' EquityBook value
$10.1B
$27.8B
Total Assets
$18.3B
$366.0B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IR
IR
STT
STT
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.1B
Q1 24
$1.5B
Total Debt
IR
IR
STT
STT
Q4 25
$4.8B
Q3 25
$4.8B
Q2 25
$4.8B
Q1 25
$4.8B
Q4 24
$4.8B
Q3 24
$4.8B
Q2 24
$4.8B
Q1 24
$2.7B
Stockholders' Equity
IR
IR
STT
STT
Q4 25
$10.1B
$27.8B
Q3 25
$10.1B
$27.6B
Q2 25
$10.1B
$27.3B
Q1 25
$10.5B
$26.7B
Q4 24
$10.2B
$25.3B
Q3 24
$10.3B
$25.8B
Q2 24
$10.0B
$24.8B
Q1 24
$9.9B
$24.4B
Total Assets
IR
IR
STT
STT
Q4 25
$18.3B
$366.0B
Q3 25
$18.2B
$371.1B
Q2 25
$18.1B
$376.7B
Q1 25
$18.4B
$372.7B
Q4 24
$18.0B
$353.2B
Q3 24
$18.2B
$338.5B
Q2 24
$17.8B
$325.6B
Q1 24
$15.5B
$338.0B
Debt / Equity
IR
IR
STT
STT
Q4 25
0.47×
Q3 25
0.47×
Q2 25
0.47×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.48×
Q1 24
0.27×

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
STT
STT
Operating Cash FlowLast quarter
$499.0M
$10.0B
Free Cash FlowOCF − Capex
$461.5M
$9.8B
FCF MarginFCF / Revenue
22.1%
266.6%
Capex IntensityCapex / Revenue
1.8%
7.3%
Cash ConversionOCF / Net Profit
1.88×
13.44×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$10.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IR
IR
STT
STT
Q4 25
$499.0M
$10.0B
Q3 25
$354.6M
$7.9B
Q2 25
$245.7M
$-8.4B
Q1 25
$256.4M
$2.4B
Q4 24
$526.2M
$-7.4B
Q3 24
$404.0M
$2.7B
Q2 24
$304.9M
$-7.6B
Q1 24
$161.6M
$-844.0M
Free Cash Flow
IR
IR
STT
STT
Q4 25
$461.5M
$9.8B
Q3 25
$325.5M
$7.7B
Q2 25
$210.4M
$-8.8B
Q1 25
$222.7M
$2.2B
Q4 24
$490.9M
$-7.7B
Q3 24
$374.3M
$2.5B
Q2 24
$283.1M
$-7.9B
Q1 24
$99.3M
$-1.1B
FCF Margin
IR
IR
STT
STT
Q4 25
22.1%
266.6%
Q3 25
16.6%
216.0%
Q2 25
11.1%
-254.1%
Q1 25
13.0%
66.1%
Q4 24
25.9%
-225.1%
Q3 24
20.1%
75.9%
Q2 24
15.7%
-246.2%
Q1 24
5.9%
-34.2%
Capex Intensity
IR
IR
STT
STT
Q4 25
1.8%
7.3%
Q3 25
1.5%
6.9%
Q2 25
1.9%
9.3%
Q1 25
2.0%
6.9%
Q4 24
1.9%
7.3%
Q3 24
1.6%
7.2%
Q2 24
1.2%
6.7%
Q1 24
3.7%
7.3%
Cash Conversion
IR
IR
STT
STT
Q4 25
1.88×
13.44×
Q3 25
1.45×
9.18×
Q2 25
-12.18×
Q1 25
1.37×
3.72×
Q4 24
2.29×
-9.49×
Q3 24
1.82×
3.71×
Q2 24
1.65×
-10.75×
Q1 24
0.80×
-1.82×

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%

STT
STT

Other$2.2B59%
Investment Management$729.0M20%
Management Services$662.0M18%
Other Fee Revenue$56.0M2%
Securities Financing Services$54.0M1%

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