Illinois Tool Works Inc (ITW) Financial Statements
Industry: General Industrial Machinery & Equipment
In fiscal 2025, Illinois Tool Works reported revenue of $16.04B, up 0.9% from $15.90B the year before. Net income was $3.07B (a 19.1% net margin), or $10.49 per diluted share. Gross margin was 52.9% and operating margin was 26.3%. Operating activities generated $3.13B of cash, leaving $2.71B of free cash flow. At fiscal year end, Illinois Tool Works held $16.15B in total assets against $12.92B in total liabilities, including $851.0M of cash and equivalents.
Open the full interactive Illinois Tool Works financials → Quarterly statements, key ratios, valuation history and price charts.
Illinois Tool Works Key Stats
| Share Price | $266.32 |
|---|---|
| Market Cap | $76.43B |
| P/E Ratio | 25.4 |
| Revenue YoY Growth | +0.9% |
| 52-Week Range | $235.06 – $295.41 |
| Shares Outstanding | 286.4 million (basic, 2026 Q2) |
Illinois Tool Works Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.57B | $14.46B | $15.93B | $16.11B | $15.90B | $16.04B |
| Cost of Goods Sold | $7.38B | $8.49B | $9.43B | $9.32B | $8.86B | $8.97B |
| Gross Profit | $5.20B | $5.97B | $6.50B | $6.79B | $8.29B | $8.49B |
| Operating Income | $2.88B | $3.48B | $3.79B | $4.04B | $4.26B | $4.22B |
| Pre-Tax Income | $2.70B | $3.33B | $3.84B | $3.82B | $4.42B | $3.97B |
| Income Tax | $595.0M | $632.0M | $808.0M | $866.0M | $934.0M | $900.0M |
| Net Income | $2.11B | $2.69B | $3.03B | $2.96B | $3.49B | $3.07B |
| Diluted EPS | $6.63 | $8.51 | $9.77 | $9.74 | $11.71 | $10.49 |
Illinois Tool Works Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.06B | $4.09B | $4.02B | $4.30B |
| Net Income | $821.0M | $790.0M | $768.0M | $815.0M |
| Diluted EPS | $2.81 | $2.70 | $2.66 | $2.84 |
Illinois Tool Works Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.56B | $1.53B | $708.0M | $1.06B | $948.0M | $851.0M |
| Current Assets | $6.52B | $6.37B | $6.27B | $6.24B | $5.86B | $6.20B |
| Total Assets | $15.61B | $16.08B | $15.42B | $15.52B | $15.07B | $16.15B |
| Current Liabilities | $2.59B | $3.47B | $4.46B | $4.67B | $4.31B | $5.13B |
| Total Long-Term Debt | $8.12B | $7.48B | $6.71B | $7.70B | $7.08B | $7.68B |
| Total Liabilities | $12.43B | $12.45B | $12.33B | $12.51B | $11.75B | $12.92B |
| Shareholders' Equity | $3.18B | $3.63B | $3.09B | $3.01B | $3.32B | $3.23B |
Illinois Tool Works Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.81B | $2.56B | $2.35B | $3.54B | $3.28B | $3.13B |
| Cash From Investing | -$214.0M | -$984.0M | -$110.0M | -$403.0M | -$144.0M | -$521.0M |
| Cash From Financing | -$2.05B | -$2.56B | -$3.00B | -$2.78B | -$3.19B | -$2.74B |
| Free Cash Flow | $2.57B | $2.26B | $1.94B | $3.08B | $2.84B | $2.71B |
Figures from Illinois Tool Works' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Illinois Tool Works financials page for every line item.
Illinois Tool Works Company Profile
| Ticker | ITW |
|---|---|
| Exchange | NYSE |
| Industry | General Industrial Machinery & Equipment |
| Headquarters | Glenview, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000049826 |
Frequently Asked Questions
What was Illinois Tool Works' revenue in fiscal 2025?
Illinois Tool Works (ITW) reported revenue of $16.04B for fiscal 2025.
What is Illinois Tool Works' annual revenue history?
Illinois Tool Works' annual revenue by fiscal year: 2020: $12.57B; 2021: $14.46B; 2022: $15.93B; 2023: $16.11B; 2024: $15.90B; 2025: $16.04B.
What was Illinois Tool Works' net income in fiscal 2025?
Illinois Tool Works reported net income of $3.07B for fiscal 2025.
What was Illinois Tool Works' earnings per share (EPS) in fiscal 2025?
Illinois Tool Works' diluted EPS was $10.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Illinois Tool Works generate in fiscal 2025?
Illinois Tool Works generated $2.71B of free cash flow in fiscal 2025.
What was Illinois Tool Works' revenue last quarter?
In its most recent reported quarter (2026 Q2), Illinois Tool Works reported revenue of $4.30B.
How much debt does Illinois Tool Works have?
Illinois Tool Works reported $7.68B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Illinois Tool Works are outstanding?
Illinois Tool Works reported a weighted average of 286.4 million basic shares outstanding in 2026 Q2.
What is Illinois Tool Works' market cap?
Based on its latest closing price, Illinois Tool Works (ITW) has a market capitalization of about $76.43B.
When does Illinois Tool Works' fiscal year end?
Illinois Tool Works' fiscal year end, as registered with the SEC, is December 31.
Where is Illinois Tool Works headquartered?
Illinois Tool Works lists its business address in Glenview, Illinois in its SEC filings.