Illinois Tool Works Inc. (ITW) Earnings History
Annual and quarterly earnings data from 1989 to 2025
Loading earnings history...
ITW EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ITW Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 44.1% | 26.3% | 19.1% |
| 2024 | 43.6% | 26.8% | 21.9% |
| 2023 | 41.5% | 25.1% | 18.4% |
| 2022 | 40.0% | 23.8% | 19.0% |
| 2021 | 40.4% | 24.1% | 18.6% |
Download Data
Export ITW earnings history in CSV or JSON format
Free sign-in required to download data
Illinois Tool Works Inc. (ITW) Earnings Overview
As of May 8, 2026, Illinois Tool Works Inc. (ITW) reported trailing twelve-month net income of $3.13B, reflecting -10.4% year-over-year growth. The company earned $10.84 per diluted share over the past four quarters, with a net profit margin of 19.1%.
Looking at the long-term picture, ITW's 5-year EPS compound annual growth rate (CAGR) stands at +9.6%, showing solid earnings momentum. The company achieved its highest annual net income of $3.49B in fiscal 2024.
Illinois Tool Works Inc. maintains industry-leading profitability with a gross margin of 44.1%, operating margin of 26.3%, and net margin of 19.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EMR ($2.44B net income, 12.7% margin), ETN ($3.99B net income, 14.9% margin), HON ($4.10B net income, 12.6% margin), ITW has outperformed on profitability metrics. Compare ITW vs EMR →
ITW Earnings vs Peers
Earnings metrics vs comparable public companies
ITW Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.07B | -12.1% | $4.22B | $10.49 | 19.1% | 26.3% |
| 2024 | $3.49B | +18.0% | $4.26B | $11.71 | 21.9% | 26.8% |
| 2023 | $2.96B | -2.5% | $4.04B | $9.74 | 18.4% | 25.1% |
| 2022 | $3.03B | +12.6% | $3.79B | $9.77 | 19.0% | 23.8% |
| 2021 | $2.69B | +27.7% | $3.48B | $8.51 | 18.6% | 24.1% |
| 2020 | $2.11B | -16.3% | $2.88B | $6.63 | 16.8% | 22.9% |
| 2019 | $2.52B | -1.6% | $3.40B | $7.74 | 17.9% | 24.1% |
| 2018 | $2.56B | +51.9% | $3.58B | $7.60 | 17.4% | 24.3% |
| 2017 | $1.69B | -17.1% | $3.49B | $4.86 | 11.8% | 24.4% |
| 2016 | $2.04B | +7.2% | $3.06B | $5.70 | 15.0% | 22.5% |
Full ITW Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See ITW's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ITW Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare ITW vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonITW — Frequently Asked Questions
Quick answers to the most common questions about buying ITW stock.
Is ITW growing earnings?
ITW EPS fell to $10.84, with earnings declining -10.4%. This contrasts with the 5-year CAGR of +9.6%. TTM net income dropped to $3.1B.
What are ITW's profit margins?
Illinois Tool Works Inc. net margin is +19.1%, with operating margin at +26.3%. Above-average margins indicate pricing power.
How consistent are ITW's earnings?
ITW earnings data spans 1989-2025. The declining earnings trend is -10.4% YoY. Historical data enables comparison across business cycles.