Illinois Tool Works Inc. (ITW)
NYSE: ITW · Real-Time Price · USD
276.05
-6.92 (-2.45%)
Jul 17, 2026, 4:00 PM EDT - Market closed
Illinois Tool Works Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
| 4,016 | 4,093 | 4,059 | 4,053 | 3,839 | 3,932 | 3,966 | 4,027 | 3,973 | 3,983 | 4,031 | 4,074 | 4,019 | 3,971 | 4,011 | 4,011 | 3,939 | 3,679 | 3,556 | 3,676 | |
Revenue Growth (YoY) | 4.61% | 4.09% | 2.34% | 0.65% | -3.37% | -1.28% | -1.61% | -1.15% | -1.15% | 0.30% | 0.50% | 1.57% | 2.03% | 7.94% | 12.80% | 9.11% | 11.15% | 5.87% | 7.53% | 43.37% |
Cost of Revenue | 2,256 | 2,284 | 2,253 | 2,271 | 2,161 | 2,221 | 2,230 | 2,262 | 2,145 | 2,312 | 2,319 | 2,344 | 2,341 | 2,309 | 2,371 | 2,392 | 2,357 | 2,191 | 2,096 | 2,163 |
Gross Profit | 1,760 | 1,809 | 1,806 | 1,782 | 1,678 | 1,711 | 1,736 | 1,765 | 1,828 | 1,671 | 1,712 | 1,730 | 1,678 | 1,662 | 1,640 | 1,619 | 1,582 | 1,488 | 1,460 | 1,513 |
Selling, General & Admin | 722 | 704 | 676 | 693 | 706 | 655 | 658 | 686 | 676 | 658 | 615 | 690 | 675 | 644 | 624 | 659 | 652 | 621 | 581 | 588 |
Depreciation & Amortization Expenses | 18 | 20 | 18 | 21 | 21 | 25 | 26 | 25 | 25 | 25 | 27 | 30 | 31 | 32 | 33 | 34 | 35 | 33 | 34 | 32 |
Total Operating Expenses | 740 | 724 | 694 | 714 | 727 | 680 | 684 | 711 | 701 | 683 | 642 | 720 | 706 | 676 | 657 | 693 | 687 | 654 | 615 | 620 |
Operating Income | 1,020 | 1,085 | 1,112 | 1,068 | 951 | 1,031 | 1,052 | 1,054 | 1,127 | 988 | 1,070 | 1,010 | 972 | 986 | 983 | 926 | 895 | 834 | 845 | 893 |
Interest Expense | -73 | -75 | -75 | -74 | -68 | -68 | -69 | -75 | -71 | -70 | -67 | -69 | -60 | -56 | -52 | -47 | -48 | -49 | -49 | -52 |
Other Non-Operating Income (Expense) | 20 | 14 | 12 | 4 | 12 | 20 | 379 | 26 | 16 | 9 | 10 | 20 | 10 | 191 | 26 | 24 | 14 | 7 | 10 | 22 |
Total Non-Operating Income (Expense) | -53 | -61 | -63 | -70 | -56 | -48 | 310 | -49 | -55 | -61 | -57 | -49 | -50 | 135 | -26 | -23 | -34 | -42 | -39 | -30 |
Pretax Income | 967 | 1,024 | 1,049 | 998 | 895 | 983 | 1,362 | 1,005 | 1,072 | 927 | 1,013 | 961 | 922 | 1,121 | 957 | 903 | 861 | 792 | 806 | 863 |
Provision for Income Taxes | 199 | 234 | 228 | 243 | 195 | 233 | 202 | 246 | 253 | 210 | 241 | 207 | 208 | 214 | 230 | 165 | 199 | 183 | 167 | 88 |
Net Income | 768 | 790 | 821 | 755 | 700 | 750 | 1,160 | 759 | 819 | 717 | 772 | 754 | 714 | 907 | 727 | 738 | 662 | 609 | 639 | 775 |
Net Income to Common | 768 | 790 | 821 | 755 | 700 | 750 | 1,160 | 759 | 819 | 717 | 772 | 754 | 714 | 907 | 727 | 738 | 662 | 609 | 639 | 775 |
Net Income Growth | 9.71% | 5.33% | -29.22% | -0.53% | -14.53% | 4.60% | 50.26% | 0.66% | 14.71% | -20.95% | 6.19% | 2.17% | 7.85% | 48.93% | 13.77% | -4.77% | -1.34% | -5.14% | 9.79% | 142.95% |
Shares Outstanding (Basic) | 288 | 290 | 291 | 292 | 294 | 295 | 296 | 298 | 299 | 300 | 302 | 303 | 305 | 307 | 309 | 311 | 313 | 314 | 315 | 316 |
Shares Outstanding (Diluted) | 289 | 290 | 292 | 293 | 295 | 296 | 297 | 299 | 300 | 301 | 303 | 304 | 306 | 308 | 310 | 312 | 314 | 315 | 316 | 317 |
Shares Change (YoY) | -1.83% | -1.89% | -1.79% | -1.88% | -1.83% | -1.76% | -1.98% | -1.87% | -1.99% | -2.21% | -2.16% | -2.34% | -2.42% | -2.25% | -1.96% | -1.70% | -1.32% | -0.97% | -0.63% | -0.16% |
EPS (Basic) | 2.66 | 2.73 | 2.82 | 2.58 | 2.39 | 2.55 | 3.92 | 2.55 | 2.74 | 2.39 | 2.55 | 2.49 | 2.34 | 2.96 | 2.36 | 2.37 | 2.12 | 1.94 | 2.03 | 2.46 |
EPS (Diluted) | 2.66 | 2.72 | 2.81 | 2.58 | 2.38 | 2.54 | 3.91 | 2.54 | 2.73 | 2.38 | 2.55 | 2.48 | 2.33 | 2.95 | 2.35 | 2.37 | 2.11 | 1.93 | 2.02 | 2.45 |
EPS Growth | 11.77% | 7.09% | -28.13% | 1.57% | -12.82% | 6.72% | 53.33% | 2.42% | 17.17% | -19.32% | 8.51% | 4.64% | 10.43% | 52.85% | 16.34% | -3.26% | - | -4.46% | 10.38% | 142.57% |
Free Cash Flow | 528 | 858 | 904 | 449 | 496 | 996 | 783 | 571 | 494 | 908 | 856 | 705 | 615 | 655 | 612 | 420 | 249 | 695 | 548 | 477 |
Free Cash Flow Growth | 6.45% | -13.86% | 15.45% | -21.37% | 0.40% | 9.69% | -8.53% | -19.01% | -19.68% | 38.63% | 39.87% | 67.86% | 146.99% | -5.75% | 11.68% | -11.95% | -53.97% | -1.42% | -13.15% | -29.96% |
Free Cash Flow Per Share | 1.83 | 2.96 | 3.10 | 1.53 | 1.68 | 3.37 | 2.64 | 1.91 | 1.65 | 3.02 | 2.83 | 2.32 | 2.01 | 2.13 | 1.98 | 1.35 | 0.79 | 2.21 | 1.73 | 1.51 |
Dividends Per Share | 1.610 | 1.610 | 1.610 | 1.500 | 1.500 | 1.500 | 1.500 | 1.400 | 1.400 | 1.400 | 1.400 | 1.310 | 1.310 | 1.310 | 1.310 | 1.220 | 1.220 | 1.220 | 1.220 | 1.140 |
Dividend Growth | 7.33% | 7.33% | 7.33% | 7.14% | 7.14% | 7.14% | 7.14% | 6.87% | 6.87% | 6.87% | 6.87% | 7.38% | 7.38% | 7.38% | 7.38% | 7.02% | 7.02% | 7.02% | 7.02% | 6.54% |
Gross Margin | 43.82% | 44.20% | 44.49% | 43.97% | 43.71% | 43.51% | 43.77% | 43.83% | 46.01% | 41.95% | 42.47% | 42.46% | 41.75% | 41.85% | 40.89% | 40.36% | 40.16% | 40.45% | 41.06% | 41.16% |
Operating Margin | 25.40% | 26.51% | 27.40% | 26.35% | 24.77% | 26.22% | 26.53% | 26.17% | 28.37% | 24.81% | 26.54% | 24.79% | 24.19% | 24.83% | 24.51% | 23.09% | 22.72% | 22.67% | 23.76% | 24.29% |
Profit Margin | 19.12% | 19.30% | 20.23% | 18.63% | 18.23% | 19.07% | 29.25% | 18.85% | 20.61% | 18.00% | 19.15% | 18.51% | 17.77% | 22.84% | 18.13% | 18.40% | 16.81% | 16.55% | 17.97% | 21.08% |
FCF Margin | 13.15% | 20.96% | 22.27% | 11.08% | 12.92% | 25.33% | 19.74% | 14.18% | 12.43% | 22.80% | 21.24% | 17.30% | 15.30% | 16.49% | 15.26% | 10.47% | 6.32% | 18.89% | 15.41% | 12.98% |
EBITDA | 1,119 | 1,188 | 1,212 | 1,167 | 1,046 | 1,133 | 1,156 | 1,153 | 1,224 | 1,087 | 1,167 | 1,110 | 1,071 | 1,085 | 1,085 | 1,029 | 1,001 | 938 | 949 | 995 |
EBITDA Margin | 27.86% | 29.03% | 29.86% | 28.79% | 27.25% | 28.81% | 29.15% | 28.63% | 30.81% | 27.29% | 28.95% | 27.25% | 26.65% | 27.32% | 27.05% | 25.65% | 25.41% | 25.50% | 26.69% | 27.07% |
EBIT | 1,020 | 1,085 | 1,112 | 1,068 | 951 | 1,031 | 1,052 | 1,054 | 1,127 | 988 | 1,070 | 1,010 | 972 | 986 | 983 | 926 | 895 | 834 | 845 | 893 |
EBIT Margin | 25.40% | 26.51% | 27.40% | 26.35% | 24.77% | 26.22% | 26.53% | 26.17% | 28.37% | 24.81% | 26.54% | 24.79% | 24.19% | 24.83% | 24.51% | 23.09% | 22.72% | 22.67% | 23.76% | 24.29% |
Effective Tax Rate | 20.58% | 22.85% | 21.73% | 24.35% | 21.79% | 23.70% | 14.83% | 24.48% | 23.60% | 22.65% | 23.79% | 21.54% | 22.56% | 19.09% | 24.03% | 18.27% | 23.11% | 23.11% | 20.72% | 10.20% |