Illinois Tool Works (ITW) income statement
NYSE · Industrials · Industrial - Machinery · 43,000 employees · CEO Christopher A. O'Herlihy
- Price
- $278.55 -1.01%
- Market cap
- $79.2B
- Enterprise value
- $87.7B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-02 EPS est. $2.97
Illinois Tool Works (ITW) reported revenue of $4.24B for Q3 '26 (+4.4% year on year), operating income of $1.18B (27.8% of revenue) and net income of $855M. Over the last four quarters revenue was $16.6B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.98B | $3.97B | $4.03B | $3.97B | $3.93B | $3.84B | $4.05B | $4.06B | $4.09B | $4.02B | $4.3B | $4.24B | |
| Cost of revenue | $2.34B | $2.17B | $2.29B | $2.26B | $2.25B | $2.18B | $2.27B | $2.25B | $2.28B | $2.26B | $2.4B | $2.33B | |
| Gross profit | $1.65B | $1.8B | $1.74B | $1.71B | $1.69B | $1.66B | $1.78B | $1.81B | $1.81B | $1.76B | $1.9B | $1.91B | |
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $693M | $676M | $0 | $0 | $0 | $0 | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $722M | $0 | $0 | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | -$672M | -$658M | $20M | $18M | $16M | $733M | |
| Operating expenses | $658M | $676M | $686M | $658M | $655M | $706M | $714M | $694M | $724M | $740M | $751M | $733M | |
| Operating income | $988M | $1.13B | $1.05B | $1.05B | $1.03B | $951M | $1.07B | $1.11B | $1.09B | $1.02B | $1.15B | $1.18B | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $158M | $0 | |
| Interest expense | $70M | $71M | $75M | $69M | $68M | $68M | $74M | $75M | $75M | $73M | $79M | $83M | |
| Other non-operating income (gains on investments, FX ...) | -$9M | -$16M | -$26M | -$379M | -$20M | -$12M | -$4M | -$12M | -$14M | -$20M | -$12M | -$37M | |
| Total non-operating income | -$61M | -$55M | -$49M | $310M | -$48M | -$56M | -$70M | -$63M | -$61M | -$53M | -$67M | -$46M | |
| Income before tax | $927M | $1.07B | $1.01B | $1.36B | $983M | $895M | $998M | $1.05B | $1.02B | $967M | $1.08B | $1.13B | |
| Income tax | $210M | $253M | $246M | $202M | $233M | $195M | $243M | $228M | $234M | $199M | $265M | $276M | |
| Net income | $717M | $819M | $759M | $1.16B | $750M | $700M | $755M | $821M | $790M | $768M | $815M | $855M | |
| EPS (basic) | $2.39 | $2.74 | $2.55 | $3.92 | $2.55 | $2.38 | $2.58 | $2.82 | $2.72 | $2.66 | $2.85 | $3.00 | |
| EPS (diluted) | $2.38 | $2.73 | $2.54 | $3.91 | $2.54 | $2.38 | $2.58 | $2.81 | $2.72 | $2.66 | $2.84 | $3.00 | |
| Shares (basic, weighted) | 300M | 299M | 298M | 296M | 295M | 294M | 292M | 291M | 290M | 288M | 286M | 285M | |
| Shares (diluted, weighted) | 301M | 300M | 299M | 297M | 296M | 295M | 293M | 292M | 290M | 289M | 287M | 285M | |
| Depreciation & amortization | $99M | $97M | $99M | $104M | $102M | $95M | $99M | $100M | $103M | $99M | $98M | $0 | |
| EBITDA | $1.1B | $1.24B | $1.18B | $1.54B | $1.15B | $1.06B | $1.17B | $1.22B | $1.2B | $1.14B | $1.26B | $1.21B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.6B | $14.3B | $14.8B | $14.1B | $12.6B | $14.5B | $15.9B | $16.1B | $15.9B | $16B | |
| Cost of revenue | $8.12B | $8.52B | $8.79B | $8.35B | $7.53B | $8.62B | $9.56B | $9.43B | $8.96B | $8.97B | |
| Gross profit | $5.48B | $5.8B | $5.98B | $5.76B | $5.05B | $5.83B | $6.37B | $6.68B | $6.94B | $7.08B | |
| Research & development | $223M | $225M | $233M | $221M | $214M | $239M | $269M | $284M | $292M | $0 | |
| General & administrative | $2.42B | $2.4B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $80M | |
| Operating expenses | $2.42B | $2.4B | $2.39B | $2.36B | $2.16B | $2.36B | $2.58B | $2.64B | $2.68B | $2.86B | |
| Operating income | $3.06B | $3.49B | $3.58B | $3.4B | $2.88B | $3.48B | $3.79B | $4.04B | $4.26B | $4.22B | |
| Interest income | $38M | $61M | $44M | $44M | $25M | $41M | $31M | $53M | $44M | $0 | |
| Interest expense | $237M | $260M | $257M | $221M | $206M | $202M | $203M | $266M | $283M | $292M | |
| Other non-operating income (gains on investments, FX ...) | -$81M | -$131M | -$67M | -$107M | -$28M | -$51M | -$255M | -$49M | -$441M | -$42M | |
| Total non-operating income | -$156M | -$215M | -$190M | -$114M | -$178M | -$151M | $52M | -$217M | $158M | -$250M | |
| Income before tax | $2.91B | $3.27B | $3.39B | $3.29B | $2.7B | $3.33B | $3.84B | $3.82B | $4.42B | $3.97B | |
| Income tax | $873M | $1.58B | $831M | $767M | $595M | $632M | $808M | $866M | $934M | $900M | |
| Net income | $2.04B | $1.69B | $2.56B | $2.52B | $2.11B | $2.69B | $3.03B | $2.96B | $3.49B | $3.07B | |
| EPS (basic) | $5.73 | $4.90 | $7.65 | $7.78 | $6.66 | $8.55 | $9.80 | $9.77 | $11.75 | $10.52 | |
| EPS (diluted) | $5.70 | $4.86 | $7.60 | $7.74 | $6.63 | $8.51 | $9.77 | $9.74 | $11.71 | $10.49 | |
| Shares (basic, weighted) | 355M | 344M | 335M | 324M | 317M | 315M | 310M | 303M | 297M | 292M | |
| Shares (diluted, weighted) | 357M | 347M | 337M | 326M | 318M | 316M | 311M | 304M | 298M | 292M | |
| Depreciation & amortization | $470M | $462M | $461M | $426M | $427M | $410M | $410M | $395M | $402M | $397M | |
| EBITDA | $3.62B | $3.99B | $4.11B | $3.94B | $3.34B | $3.94B | $4.46B | $4.48B | $5.11B | $4.66B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01