Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Illinois Tool Works Inc. Revenue & Financial Statements
Illinois Tool Works Inc. reported revenue of $16.0B for the fiscal year ended December 31, 2025, up 0.9% year over year, with net income of $3.1B and diluted EPS of $10.49.
- Company
- Illinois Tool Works Inc. ITW · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 14.5B | 15.9B | 16.1B | 15.9B | 16.0B |
| Cost of revenue | 8.5B | 9.4B | 9.3B | 8.9B | 9.0B |
| Gross profit | 6.0B | 6.5B | 6.8B | 7.0B | 7.1B |
| Operating income | 3.5B | 3.8B | 4.0B | 4.3B | 4.2B |
| Pretax income | 1.7B | 2.1B | 2.0B | 2.6B | 1.6B |
| Net income | 2.7B | 3.0B | 3.0B | 3.5B | 3.1B |
| Diluted EPS | 8.51 | 9.77 | 9.74 | 11.71 | 10.49 |
| EBITDA | 3.8B | 4.1B | 4.3B | 4.6B | 4.5B |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.0B | 4.0B | 4.0B | 3.9B | 3.8B | 4.1B | 4.1B | 4.1B |
| Cost of revenue | 2.1B | 2.3B | 2.2B | 2.2B | 2.2B | 2.3B | 2.3B | 2.3B |
| Gross profit | 1.8B | 1.8B | 1.7B | 1.7B | 1.7B | 1.8B | 1.8B | 1.8B |
| Operating income | 1.1B | 1.1B | 1.1B | 1.0B | 951.0M | 1.1B | 1.1B | 1.1B |
| Pretax income | — | — | — | — | — | — | — | — |
| Net income | 819.0M | 759.0M | 1.2B | 750.0M | 700.0M | 755.0M | 821.0M | 790.0M |
| Diluted EPS | 2.73 | 2.54 | 3.91 | 2.54 | 2.38 | 2.58 | 2.81 | 2.72 |
| EBITDA | 1.2B | — | 1.1B | 1.1B | 1.0B | — | 1.2B | 1.2B |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 16.1B | 15.4B | 15.5B | 15.1B | 16.1B |
| Current assets | 6.4B | 6.3B | 6.2B | 5.9B | 6.2B |
| Cash & equivalents | 1.5B | 708.0M | 1.1B | 948.0M | 851.0M |
| Total liabilities | — | — | — | — | — |
| Current liabilities | 3.5B | 4.5B | 4.7B | 4.3B | 5.1B |
| Long-term debt | 6.9B | 6.2B | 6.3B | 6.3B | 6.7B |
| Total debt | 7.7B | 7.8B | 8.2B | 6.3B | 6.7B |
| Stockholders’ equity | — | — | — | — | — |
| Net debt | 6.2B | 7.1B | 7.1B | 5.4B | 5.8B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 2.6B | 2.3B | 3.5B | 3.3B | 3.1B |
| Investing cash flow | (984.0M) | (110.0M) | (403.0M) | (144.0M) | (521.0M) |
| Financing cash flow | (2.6B) | (3.0B) | (2.8B) | (3.2B) | (2.7B) |
| Capital expenditure | 296.0M | 412.0M | 455.0M | 437.0M | 419.0M |
| Free cash flow | 2.3B | 1.9B | 3.1B | 2.8B | 2.7B |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 53.0M | 63.0M | 69.0M | 61.0M | 69.0M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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