Illinois Tool Works Inc. (ITW)

ITW Income Statement

Revenue, expenses, and profitability analysis

ITW Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	7.157B	1.760B	1.809B	1.806B	1.782B	1.657B	1.686B	1.710B	1.740B
Revenue	16.221B	4.016B	4.093B	4.059B	4.053B	3.839B	3.932B	3.966B	4.027B
Cost of Goods Sold	9.064B	2.256B	2.284B	2.253B	2.271B	2.182B	2.246B	2.256B	2.287B
Gross Profit Margin	43.8%	43.8%	44.2%	44.5%	44.0%	43.2%	42.9%	43.1%	43.2%
Total Operating Expenses	2.872B	740.000M	724.000M	694.000M	714.000M	706.000M	655.000M	658.000M	686.000M
Research & Development	1.369B	0.00	0.00	676.000M	693.000M	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.795B	722.000M	704.000M	676.000M	693.000M	706.000M	655.000M	658.000M	686.000M
Operating Income (EBIT)	4.285B	1.020B	1.085B	1.112B	1.068B	951.000M	1.031B	1.052B	1.054B
Operating Margin	25.4%	25.4%	26.5%	27.4%	26.4%	24.8%	26.2%	26.5%	26.2%
Income Before Tax (EBT)	4.038B	967.000M	1.024B	1.049B	998.000M	895.000M	983.000M	1.362B	1.005B
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	297.000M	73.000M	75.000M	75.000M	74.000M	68.000M	68.000M	69.000M	75.000M
Other Income/Expense	-247.000M	-53.000M	-61.000M	-63.000M	-70.000M	-56.000M	-48.000M	310.000M	-49.000M
Net Income	3.134B	768.000M	790.000M	821.000M	755.000M	700.000M	750.000M	1.160B	759.000M
Income Tax Expense	904.000M	199.000M	234.000M	228.000M	243.000M	195.000M	233.000M	202.000M	246.000M
Net Profit Margin	19.1%	19.1%	19.3%	20.2%	18.6%	18.2%	19.1%	29.2%	18.8%
EBITDA	4.632B	1.038B	1.199B	1.224B	1.171B	1.058B	1.153B	1.535B	1.179B
EBITDA Margin	25.8%	25.8%	29.3%	30.2%	28.9%	27.6%	29.3%	38.7%	29.3%
Depreciation & Amortization	317.000M	18.000M	100.000M	100.000M	99.000M	95.000M	102.000M	104.000M	99.000M
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	288.300M	288.300M	290.441M	290.800M	292.300M	293.600M	294.700M	296.100M	297.600M
Diluted Shares Outstanding	289.100M	289.100M	290.200M	291.700M	292.900M	294.500M	295.800M	297.000M	298.500M

ITW Annual Income Statement (USD)

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
Gross Profit	7.075B	6.939B	6.678B	6.369B	5.833B	5.045B	5.763B	5.975B
Revenue	16.044B	15.898B	16.107B	15.932B	14.455B	12.574B	14.109B	14.768B
Cost of Goods Sold	8.969B	8.959B	9.429B	9.563B	8.622B	7.529B	8.346B	8.793B
Gross Profit Margin	44.1%	43.6%	41.5%	40.0%	40.4%	40.1%	40.8%	40.5%
Total Operating Expenses	2.859B	2.675B	2.638B	2.579B	2.356B	2.163B	2.361B	2.391B
Research & Development	0.00	292.000M	284.000M	269.000M	239.000M	214.000M	221.000M	233.000M
Selling, General & Administrative	2.779B	2.383B	2.354B	2.310B	2.117B	1.949B	2.140B	2.158B
Operating Income (EBIT)	4.216B	4.264B	4.040B	3.790B	3.477B	2.882B	3.402B	3.584B
Operating Margin	26.3%	26.8%	25.1%	23.8%	24.1%	22.9%	24.1%	24.3%
Income Before Tax (EBT)	3.966B	4.422B	3.823B	3.842B	3.326B	2.704B	3.288B	3.394B
Interest Income	—	44.000M	53.000M	31.000M	41.000M	25.000M	44.000M	44.000M
Interest Expense	292.000M	283.000M	266.000M	203.000M	202.000M	206.000M	221.000M	257.000M
Other Income/Expense	-250.000M	158.000M	-217.000M	52.000M	-151.000M	-178.000M	-114.000M	-190.000M
Net Income	3.066B	3.488B	2.957B	3.034B	2.694B	2.109B	2.521B	2.563B
Income Tax Expense	900.000M	934.000M	866.000M	808.000M	632.000M	595.000M	767.000M	831.000M
Net Profit Margin	19.1%	21.9%	18.4%	19.0%	18.6%	16.8%	17.9%	17.4%
EBITDA	4.650B	5.107B	4.484B	4.455B	3.938B	3.337B	3.935B	4.112B
EBITDA Margin	29.0%	32.1%	27.8%	28.0%	27.2%	26.5%	27.9%	27.8%
Depreciation & Amortization	392.000M	402.000M	395.000M	410.000M	410.000M	427.000M	426.000M	461.000M
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	292.278M	296.800M	302.600M	309.600M	315.100M	316.900M	323.900M	335.000M
Diluted Shares Outstanding	292.300M	297.800M	303.600M	310.700M	316.400M	318.300M	325.600M	337.100M

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

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

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

44,000 employees

www.itw.com

Industrials / Industrial - Machinery

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

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