IR · 10-K filed 17 Feb 2026 · year to 31 Dec 2025

Ingersoll Rand

21 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Life sciences and aerospace end markets

earns fromnamed as a risk

In addition, the consolidation or vertical integration of key customers may result in the loss of certain customer contracts or impact demand or competition for our products, especially in our life sciences and aerospace end markets.Risk factors (Item 1A)

Suppliers

Single-source castings and motors

depends onnamed as a risk

In addition, we use single sources of supply for certain iron castings, motors and other select engineered components that are critical in the manufacturing of our products.Risk factors (Item 1A)

Partners and platforms

Revolving Credit Facility

depends on · $2,600 millionnamed as a risk

If any participant or group of participants with a significant portion of the commitments in our Revolving Credit Facility fails to satisfy its or their respective obligations to extend credit under the facility and we are unable to find a replacement for such participant or participants on a timely basis (if at all), our liquidity may be adversely affected.Risk factors (Item 1A)

Also named by AAON, BRO, BX, CG, CRGY, FIVE, FIX, HEI and 22 more

Independent distributors

earns fromnamed as a risk

We sell a significant portion of our products through independent distributors and sales representatives.Risk factors (Item 1A)

Also named by FLO, GMED, GRC

Other companies

TMIC/Adicomp

$193.2 million

In July 2025, the Company completed the acquisition of Termomeccanica Industrial Compressors S.p.A. (“TMIC”) and its subsidiary Adicomp S.p.A. (“Adicomp”) (collectively “TMIC/Adicomp”) for cash consideration of $193.2 million.Business (Item 1)

SSI Aeration

$97.8 million

In February 2025, the Company completed the acquisition of SSI Aeration, Inc. (“SSI”) for cash consideration of $97.8 million.Business (Item 1)

Cooper Industries

Pursuant to tradename license agreements, Cooper Industries has exclusive rights to use the Gardner Denver tradename for certain power tools and their components, meaning that we are prevented from using this mark in connection with those products.Business (Item 1)

Competitors

Thermo Fisher Scientific

competes with

Our primary competitors include Dover, Graco, IDEX Corporation, KNF Neuberger, Netzsch, NOV, Sartorius, SPX Flow, Thermo Fisher Scientific, and Watson-Marlow, as well as other regional and local manufacturers.Business (Item 1)

Also named by CDNA, IQV, SOLV

IDEX Corporation

competes with

Our principal competitors in sales of compression, vacuum and blower products include Atlas Copco, Flowserve, IDEX Corporation, Kaeser Compressors, Kaishan Group Co., Ltd. and Elgi Equipments Limited.Business (Item 1)

Also named by DOV

Atlas Copco

competes with

Kaeser Compressors

competes with

Places

China

operates innamed as a risk

Non-U.S. operations and United States export sales could be adversely affected as a result of: political or economic instability in certain countries; differences in foreign laws, including increased difficulties in protecting intellectual property and uncertainty in enforcement of contract rights; credit risks; currency fluctuations, in particular, changes in currency exchange rates between the U.S. dollar, Euro, British Pound and the Chinese Renminbi; exchange controls; changes in and uncertainties with respect to tariffs and import/export trade restrictions, as well as other changes in political policy in the United States, China, the U.K. and certain European countries (including the impacts of the U.K.’s withdrawal from the European Union); royalty and tax increases; nationalization of private enterprises, especially in China where we have material operations, supply chain dependencies and hold material cash balances; civil unrest and protests, strikes, acts of terrorism, war or other armed conflict (including theRisk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Commodities and inputs

Aluminum

exposed to its pricenamed as a risk

Our most significant commodity exposures are to cast iron, aluminum and steel.Business (Item 1)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Steel

exposed to its pricenamed as a risk

Our most significant commodity exposures are to cast iron, aluminum and steel.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Copper

exposed to its pricenamed as a risk

We also purchase a large number of motors and, therefore, also have exposure to changes in the price of copper, which is a primary component of motors.Risk factors (Item 1A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Cast iron

exposed to its pricenamed as a risk

Our primary raw materials, directly and indirectly, are cast iron, aluminum and steel.Risk factors (Item 1A)

Also named by EMR, RBC, WTS

Laws and programs

OECD Pillar 2 global minimum tax

subject to · 15%named as a risk

We will continue to closely monitor developments in Pillar 2 tax legislation, as the final rules could materially affect our effective tax rate and cash tax obligations.Risk factors (Item 1A)

Also named by AJG, C, GTLB, GTX, NOW, PPG, WELL, ZBH

One Big Beautiful Bill Act (OBBBA)

subject tonamed as a risk

The impact of the OBBBA is currently reflected on our consolidated financial statements as of December 31, 2025 and we are continuing to assess the impact for future years.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

EU Corporate Sustainability Reporting Directive

subject tonamed as a risk

We may incur increased costs and may be exposed to new risks responding to these higher expectations and requirements, including the European Union’s Corporate Sustainability Reporting Directive.Risk factors (Item 1A)

Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more

Superfund (CERCLA)

subject tonamed as a risk

We have been identified as a potentially responsible party with respect to several sites designated for cleanup under the “Superfund” or similar state laws.Business (Item 1)

Also named by ABBV, ABT, AMD, CRS, ED, FLS, KVUE, MO and 4 more

U.S. Section 232 steel and aluminum tariffs

subject tonamed as a risk

The current U.S. presidential administration has implemented tariffs on imports from various countries, including tariffs on steel and aluminum products under Section 232 of the Trade Expansion Act of 1962, which also apply to certain derivative steel products used in our operations.Risk factors (Item 1A)

Also named by ESAB, FLS, LRCX, RS, SON, VMI, WES