Ingersoll Rand Gross Margin 2015-2024 | IR
- Ingersoll Rand average gross margin for 2023 was 40.74%, a 5.6% increase from 2022.
- Ingersoll Rand average gross margin for 2022 was 38.58%, a 0.49% increase from 2021.
- Ingersoll Rand average gross margin for 2021 was 38.77%, a 10.49% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.