What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Ingersoll Rand (IR) spend its free cash flow?

For TTM through Q1 2026, Ingersoll Rand generated $1.3B of operating cash flow and $1.16B of free cash flow — a free cash flow margin of 89.4% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Ingersoll Rand (IR) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Ingersoll Rand's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Ingersoll Rand (IR) Cash Flow Waterfall

Operating CF

$1.3B

Capex

-$138M

Free Cash Flow

$1.16B

FCF Margin

+89.4%

Cash flow waterfall for Ingersoll Rand (IR) — TTM through Q1 2026

Free cash flow: $1.16B

Cash flow breakdown for Ingersoll Rand (IR) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.3B	$1.3B
Capital Expenditure	-$138M	$1.16B
Free Cash Flow	$1.16B	$1.16B
Acquisitions	-$414M	$747M
Other Investing	$3.9M	$751M
Share Buybacks	-$1.1B	-$346M
Dividends Paid	-$31.5M	-$378M
Other Financing	$1.4M	-$377M
Forex Effect	$38.1M	-$338M
Net Cash Decrease	-$338M	-$338M

Operating Cash Flow$1.3B
Capital Expenditure-$138M
Free Cash Flow$1.16B
Acquisitions-$414M
Other Investing$3.9M
Share Buybacks-$1.1B
Dividends Paid-$31.5M
Other Financing$1.4M
Forex Effect$38.1M
Net Cash Decrease-$338M

Want to see what drove the FCF change?Free Cash Flow Bridge

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