Illinois Tool Works Inc. (ITW) Quarterly Income Statement

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Illinois Tool Works Inc. (ITW) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

ITW Income Statement

Illinois Tool Works Inc. (ITW) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	4.3B	4.02B	4.09B	4.06B	4.05B	3.84B	3.93B	3.97B	4.03B	3.97B	3.98B	4.03B	4.07B	4.02B	3.97B	4.01B	4.01B	3.94B	3.68B	3.56B
Revenue Growth %	6.12%	4.61%	4.09%	2.34%	0.65%	-3.37%	-1.28%	-1.61%	-1.15%	-1.14%	0.3%	0.5%	1.57%	2.03%	7.94%	12.8%	9.11%	11.15%	5.87%	7.53%
Cost of Goods Sold	2.4B	2.26B	2.28B	2.25B	2.27B	2.18B	2.25B	2.26B	2.29B	2.17B	2.34B	2.35B	2.37B	2.37B	2.34B	2.4B	2.43B	2.39B	2.22B	2.13B
COGS % of Revenue	55.87%	56.18%	55.8%	55.51%	56.03%	56.84%	57.12%	56.88%	56.79%	54.62%	58.67%	58.2%	58.27%	59.02%	58.95%	59.94%	60.48%	60.73%	60.45%	59.9%
Gross Profit	1.9B	1.76B	1.81B	1.81B	1.78B	1.66B	1.69B	1.71B	1.74B	1.8B	1.65B	1.69B	1.7B	1.65B	1.63B	1.61B	1.58B	1.55B	1.46B	1.43B
Gross Margin %	44.13%	43.82%	44.2%	44.49%	43.97%	43.16%	42.88%	43.12%	43.21%	45.38%	41.33%	41.8%	41.73%	40.98%	41.05%	40.06%	39.52%	39.27%	39.55%	40.1%
Gross Profit Growth %	6.51%	6.22%	7.3%	5.61%	2.41%	-8.1%	2.43%	1.48%	2.35%	9.47%	0.98%	4.85%	7.26%	6.46%	12.03%	12.69%	7.02%	5.17%	1.04%	5.71%
Operating Expenses	751M	740M	724M	694M	714M	706M	655M	658M	686M	676M	658M	615M	690M	675M	644M	624M	659M	652M	621M	581M
OpEx % of Revenue	17.46%	18.43%	17.69%	17.1%	17.62%	18.39%	16.66%	16.59%	17.04%	17.01%	16.52%	15.26%	16.94%	16.8%	16.22%	15.56%	16.43%	16.55%	16.88%	16.34%
Selling, General & Admin	735M	722M	704M	676M	693M	706M	655M	658M	686M	676M	658M	615M	690M	675M	644M	624M	659M	652M	621M	581M
SG&A % of Revenue	17.09%	17.98%	17.2%	16.65%	17.1%	18.39%	16.66%	16.59%	17.04%	17.01%	16.52%	15.26%	16.94%	16.8%	16.22%	15.56%	16.43%	16.55%	16.88%	16.34%
Research & Development	0	0	0	676M	693M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	16.65%	17.1%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	1000K	-1000K	-1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1.15B	1.02B	1.08B	1.11B	1.07B	951M	1.03B	1.05B	1.05B	1.13B	988M	1.07B	1.01B	972M	986M	983M	926M	895M	834M	845M
Operating Margin %	26.67%	25.4%	26.51%	27.4%	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%
Operating Income Growth %	7.4%	7.26%	5.24%	5.7%	1.33%	-15.62%	4.35%	-1.68%	4.36%	15.95%	0.2%	8.85%	9.07%	8.6%	18.23%	16.33%	3.7%	-1.1%	-5.55%	7.1%
EBITDA	1.16B	1.04B	1.19B	1.21B	1.17B	1.05B	1.13B	1.16B	1.15B	1.22B	1.09B	1.17B	1.11B	1.07B	1.08B	1.08B	1.03B	1B	938M	949M
EBITDA Margin %	26.95%	25.85%	28.95%	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%	25.5%	26.69%
EBITDA Growth %	-0.69%	-0.76%	4.59%	4.84%	1.21%	-14.54%	4.23%	-0.94%	3.87%	14.29%	0.18%	7.56%	7.87%	6.99%	15.67%	14.33%	3.42%	-0.4%	-5.06%	4.63%
D&A (Non-Cash Add-back)	0	18M	100M	100M	99M	95M	102M	104M	99M	97M	99M	97M	100M	99M	99M	102M	103M	106M	104M	104M
EBIT	1.16B	1.04B	1.1B	1.12B	1.07B	963M	1.05B	1.43B	1.08B	1.14B	997M	1.08B	1.03B	982M	1.18B	1.01B	950M	909M	841M	855M
Net Interest Income	79M	-73M	-75M	-75M	-74M	-68M	-68M	-69M	-75M	-71M	-70M	-67M	-69M	-60M	-56M	-52M	-47M	-48M	-49M	-49M
Interest Income	158M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	79M	73M	75M	75M	74M	68M	68M	69M	75M	71M	70M	67M	69M	60M	56M	52M	47M	48M	49M	49M
Other Income/Expense	-67M	-53M	-61M	-63M	-70M	-56M	-48M	310M	-49M	-55M	-61M	-57M	-49M	-50M	135M	-26M	-23M	-34M	-42M	-39M
Pretax Income	1.08B	967M	1.02B	1.05B	998M	895M	983M	1.36B	1B	1.07B	927M	1.01B	961M	922M	1.12B	957M	903M	861M	792M	806M
Pretax Margin %	25.11%	24.08%	25.02%	25.84%	24.62%	23.31%	25%	34.34%	24.96%	26.98%	23.27%	25.13%	23.59%	22.94%	28.23%	23.86%	22.51%	21.86%	21.53%	22.67%
Income Tax	265M	199M	234M	228M	243M	195M	233M	202M	246M	253M	210M	241M	207M	208M	214M	230M	165M	199M	183M	167M
Effective Tax Rate %	24.54%	20.58%	22.85%	21.73%	24.35%	21.79%	23.7%	14.83%	24.48%	23.6%	22.65%	23.79%	21.54%	22.56%	19.09%	24.03%	18.27%	23.11%	23.11%	20.72%
Net Income	815M	768M	790M	821M	755M	700M	750M	1.16B	759M	819M	717M	772M	754M	714M	907M	727M	738M	662M	609M	639M
Net Margin %	18.95%	19.12%	19.3%	20.23%	18.63%	18.23%	19.07%	29.25%	18.85%	20.61%	18%	19.15%	18.51%	17.77%	22.84%	18.13%	18.4%	16.81%	16.55%	17.97%
Net Income Growth %	7.95%	9.71%	5.33%	-29.22%	-0.53%	-14.53%	4.6%	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%
Net Income (Continuing)	815M	768M	790M	821M	755M	700M	750M	1.16B	759M	819M	717M	772M	754M	714M	907M	727M	738M	662M	609M	639M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
EPS (Diluted)	2.84	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
EPS Growth %	10.08%	11.76%	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%	-3.27%	0%	-4.46%	10.38%
EPS (Basic)	2.85	2.66	2.73	2.82	2.58	2.38	2.55	3.92	2.55	2.74	2.39	2.56	2.49	2.34	2.96	2.35	2.38	2.12	1.94	2.03
Diluted Shares Outstanding	287M	289.1M	290.2M	291.7M	292.9M	294.5M	295.8M	297M	298.5M	300M	301.1M	303M	304.2M	306.1M	307.9M	309.7M	311.5M	313.7M	315M	315.9M
Basic Shares Outstanding	286.4M	288.3M	290.44M	290.8M	292.3M	293.6M	294.7M	296.1M	297.6M	298.9M	300.1M	301.9M	303.3M	305M	306.8M	308.8M	310.6M	312.5M	313.6M	314.6M
Dividend Payout Ratio	56.81%	60.55%	59.11%	53.35%	58.15%	63%	59.07%	35.78%	55.07%	51.16%	58.72%	51.3%	52.79%	56.02%	44.43%	51.86%	51.49%	57.7%	62.89%	56.18%