ITW
Illinois Tool Works Inc.
NYSE · Industrials · Industrial - Machinery · US
$270.12
−0.56%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 16.5B | 16.0B | 15.9B | 16.1B | 15.9B |
| Cost of Revenue | 9.2B | 9.0B | 9.0B | 9.4B | 9.6B |
| Gross Profit | 7.3B | 7.1B | 6.9B | 6.7B | 6.4B |
| Operating Expenses | |||||
| R&D Expense | 676.0M | — | 292.0M | 284.0M | 269.0M |
| SG&A Expense | 2.8B | 2.8B | 2.4B | 2.4B | 2.3B |
| General & Admin Expense | 722.0M | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | (604.0M) | 80.0M | — | — | — |
| Total Operating Expenses | 2.9B | 2.9B | 2.7B | 2.6B | 2.6B |
| Cost and Expenses | 12.1B | 11.8B | 11.6B | 12.1B | 12.1B |
| Operating Income (EBIT) | 4.4B | 4.2B | 4.3B | 4.0B | 3.8B |
| Non-Operating | |||||
| Interest Income | 158.0M | — | 44.0M | 53.0M | 31.0M |
| Interest Expense | 302.0M | 292.0M | 283.0M | 266.0M | 203.0M |
| Net Interest Income | (144.0M) | (292.0M) | (239.0M) | (213.0M) | (172.0M) |
| Other Non-Op Income/Expense | (244.0M) | (250.0M) | 158.0M | (217.0M) | 52.0M |
| Non-Operating Income (excl Interest) | (58.0M) | (42.0M) | (441.0M) | (49.0M) | (255.0M) |
| EBT (Pre-Tax Income) | 4.1B | 4.0B | 4.4B | 3.8B | 3.8B |
| Income Tax Expense | 926.0M | 900.0M | 934.0M | 866.0M | 808.0M |
| Bottom Line | |||||
| Net Income | 3.2B | 3.1B | 3.5B | 3.0B | 3.0B |
| Earnings from Cont. Ops | 3.2B | 3.1B | 3.5B | 3.0B | 3.0B |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 3.2B | 3.1B | 3.5B | 3.0B | 3.0B |
| Per Share | |||||
| Basic EPS | $11.05 | $10.52 | $11.75 | $9.77 | $9.80 |
| Diluted EPS | $11.03 | $10.49 | $11.71 | $9.74 | $9.77 |
| Revenue Per Share | $57.50 | $54.89 | $53.56 | $53.23 | $51.46 |
| Shares | |||||
| Basic Shares Outstanding | 286.4M | 292.3M | 296.8M | 302.6M | 309.6M |
| Diluted Shares Outstanding | 287.0M | 292.3M | 297.8M | 303.6M | 310.7M |
| Profitability Metrics | |||||
| EBITDA | 4.6B | 4.6B | 5.1B | 4.5B | 4.5B |
| D&A | 218.0M | 392.0M | 402.0M | 395.0M | 410.0M |
| EBIT | 4.4B | 4.3B | 4.7B | 4.1B | 4.0B |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026