Illinois Tool Works (ITW) Financials: History & Chart

Illinois Tool Works Inc. (ITW)ITWIllinois Tool Works Inc.

About Illinois Tool Works Inc.

Illinois Tool Works Inc. is a global enterprise specializing in the production and distribution of a wide array of industrial goods and specialized equipment. The company operates through seven distinct divisions: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM division supplies plastic and metal components, various fastening solutions, and integrated assemblies for automobiles, light-duty trucks, and other industrial applications. Its Food Equipment segment delivers commercial kitchen appliances for washing, refrigeration, cooking, and food processing, alongside comprehensive kitchen exhaust, ventilation, and pollution control systems, and offers related maintenance and repair services. The Test & Measurement and Electronics unit manufactures and sells machinery, expendable supplies, and accompanying software designed for assessing materials and structural integrity, in addition to equipment and consumables critical for the creation of electronic subassemblies and microelectronic components. The Welding division focuses on arc welding apparatus, coupled with metal arc welding consumables and associated accessories. The Polymers & Fluids segment produces adhesives, sealing compounds, lubrication and cutting fluids, and various fluids and polymers intended for automotive aftermarket upkeep and cosmetic purposes. The Construction Products segment provides purpose-engineered fastening systems and comprehensive solutions for new housing, renovation projects, and commercial building industries. Lastly, the Specialty Products segment delivers machinery and supplies for beverage packaging, equipment and expendables for product identification and marking, and specialized components and fasteners for appliances. ITW's broad clientele encompasses sectors such as automotive original equipment manufacturers (OEMs) and their suppliers, the commercial food service industry, construction companies, general industrial enterprises, and the automotive aftermarket. The corporation distributes its offerings directly to industrial manufacturers and via an extensive network of independent distributors. Established in 1912, Illinois Tool Works Inc. is headquartered in Glenview, Illinois.

Glenview, IL

43,000 employees

www.itw.com

Industrials / Industrial - Machinery

Sector: Industrials
Industry: Industrial - Machinery
CEO: Christopher A. O'Herlihy

View full financials

Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	16.22B	4.02B	4.09B	4.06B	4.05B	3.84B	3.93B	3.97B	4.03B
Cost of Goods Sold	9.06B	2.26B	2.28B	2.25B	2.27B	2.18B	2.25B	2.26B	2.29B
Gross Profit	7.16B	1.76B	1.81B	1.81B	1.78B	1.66B	1.69B	1.71B	1.74B
Gross Profit Margin	44.1%	43.8%	44.2%	44.5%	44.0%	43.2%	42.9%	43.1%	43.2%
Total Operating Expenses	2.87B	740.00M	724.00M	694.00M	714.00M	706.00M	655.00M	658.00M	686.00M
Research & Development	1.37B	N/A	N/A	676.00M	693.00M	N/A	N/A	N/A	N/A
Selling, General & Administrative	2.79B	722.00M	704.00M	676.00M	693.00M	706.00M	655.00M	658.00M	686.00M
Operating Income (EBIT)	4.29B	1.02B	1.08B	1.11B	1.07B	951.00M	1.03B	1.05B	1.05B
Operating Margin	26.4%	25.4%	26.5%	27.4%	26.4%	24.8%	26.2%	26.5%	26.2%
Income Before Tax (EBT)	4.04B	967.00M	1.02B	1.05B	998.00M	895.00M	983.00M	1.36B	1.00B
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	297.00M	73.00M	75.00M	75.00M	74.00M	68.00M	68.00M	69.00M	75.00M
Other Income/Expense	-247.00M	-53.00M	-61.00M	-63.00M	-70.00M	-56.00M	-48.00M	310.00M	-49.00M
Net Income	3.13B	768.00M	790.00M	821.00M	755.00M	700.00M	750.00M	1.16B	759.00M
Income Tax Expense	904.00M	199.00M	234.00M	228.00M	243.00M	195.00M	233.00M	202.00M	246.00M
Net Profit Margin	19.3%	19.1%	19.3%	20.2%	18.6%	18.2%	19.1%	29.2%	18.8%
EBITDA	4.60B	1.04B	1.19B	1.21B	1.17B	1.05B	1.13B	1.16B	1.15B
EBITDA Margin	28.4%	25.8%	29.0%	29.9%	28.8%	27.2%	28.8%	29.1%	28.6%
Depreciation & Amortization	317.00M	18.00M	100.00M	100.00M	99.00M	95.00M	102.00M	104.00M	99.00M
EPS Basic	10.79	2.66	2.73	2.82	2.58	2.38	2.55	3.92	2.55
EPS Diluted	10.77	2.66	2.72	2.81	2.58	2.38	2.54	3.91	2.54
Shares Outstanding	288.30M	288.30M	290.44M	290.80M	292.30M	293.60M	294.70M	296.10M	297.60M
Diluted Shares Outstanding	289.10M	289.10M	290.20M	291.70M	292.90M	294.50M	295.80M	297.00M	298.50M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	16.04B	15.90B	16.11B	15.93B	14.46B	12.57B	14.11B	14.77B
Cost of Goods Sold	8.97B	8.96B	9.43B	9.56B	8.62B	7.53B	8.35B	8.79B
Gross Profit	7.08B	6.94B	6.68B	6.37B	5.83B	5.04B	5.76B	5.97B
Gross Profit Margin	44.1%	43.6%	41.5%	40.0%	40.4%	40.1%	40.8%	40.5%
Total Operating Expenses	2.86B	2.67B	2.64B	2.58B	2.36B	2.16B	2.36B	2.39B
Research & Development	N/A	292.00M	284.00M	269.00M	239.00M	214.00M	221.00M	233.00M
Selling, General & Administrative	2.78B	2.38B	2.35B	2.31B	2.12B	1.95B	2.14B	2.16B
Operating Income (EBIT)	4.22B	4.26B	4.04B	3.79B	3.48B	2.88B	3.40B	3.58B
Operating Margin	26.3%	26.8%	25.1%	23.8%	24.1%	22.9%	24.1%	24.3%
Income Before Tax (EBT)	3.97B	4.42B	3.82B	3.84B	3.33B	2.70B	3.29B	3.39B
Interest Income	N/A	44.00M	53.00M	31.00M	41.00M	25.00M	44.00M	44.00M
Interest Expense	292.00M	283.00M	266.00M	203.00M	202.00M	206.00M	221.00M	257.00M
Other Income/Expense	-250.00M	158.00M	-217.00M	52.00M	-151.00M	-178.00M	-114.00M	-190.00M
Net Income	3.07B	3.49B	2.96B	3.03B	2.69B	2.11B	2.52B	2.56B
Income Tax Expense	900.00M	934.00M	866.00M	808.00M	632.00M	595.00M	767.00M	831.00M
Net Profit Margin	19.1%	21.9%	18.4%	19.0%	18.6%	16.8%	17.9%	17.4%
EBITDA	4.61B	4.67B	4.43B	4.20B	3.89B	3.31B	3.83B	4.04B
EBITDA Margin	28.7%	29.3%	27.5%	26.4%	26.9%	26.3%	27.1%	27.4%
Depreciation & Amortization	392.00M	402.00M	395.00M	410.00M	410.00M	427.00M	426.00M	461.00M
EPS Basic	10.52	11.75	9.77	9.80	8.55	6.66	7.78	7.65
EPS Diluted	10.49	11.71	9.74	9.77	8.51	6.63	7.74	7.60
Shares Outstanding	292.28M	296.80M	302.60M	309.60M	315.10M	316.90M	323.90M	335.00M
Diluted Shares Outstanding	292.30M	297.80M	303.60M	310.70M	316.40M	318.30M	325.60M	337.10M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.