ILLINOIS TOOL WORKS INC (ITW) Income statement
Top 20 of 26 line items reported by ITW · 250+ in the full API →
ILLINOIS TOOL WORKS INC (ITW) · Income Statement
Consolidated Statements of Operations
Annual · In millions USD, except per-share data · Latest filed Feb 13, 2026 · FY ends Dec 31
| Fiscal Years Ended | |||||
|---|---|---|---|---|---|
FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | Trend | |
| Total Revenue | $16,044 | $15,898 | $16,107 | $15,932 | |
| Cost of Revenue | 8,969 | 8,858 | 9,316 | 9,429 | |
| Gross Profit | $7,075 | $7,040 | $6,791 | $6,503 | |
| Other Operating Expenses | 2,859 | 2,776 | 2,751 | 2,713 | |
| Total Operating Expenses | 9,271 | 9,150 | 9,600 | 9,698 | |
| Operating Income | $4,216 | $4,264 | $4,040 | $3,790 | |
| EBIT (Earnings Before Interest & Tax) | 4,216 | 4,264 | 4,040 | 3,790 | |
| Add: Depreciation & Amortization | 317 | 301 | 282 | 276 | |
| EBITDA (Non-GAAP) | $4,533 | $4,565 | $4,322 | $4,066 | |
| Interest Income | 40 | 44 | 51 | 22 | |
| Interest Expense | -292 | -283 | -266 | -203 | |
| Foreign Exchange Gain (Loss) | (35) | 7 | (39) | (7) | |
| Non-Operating Income (Expense) | $42 | $441 | $49 | $255 | |
| Income Before Taxes (EBT) | $3,966 | $4,422 | $3,823 | $3,842 | |
| Provision for Income Taxes | 900 | 934 | 866 | 808 | |
| Effective Tax Rate | 22.7% | 21.1% | 22.7% | 21% | |
| Net Income | $3,066 | $3,488 | $2,957 | $3,034 | |
| Shares Outstanding | 292 | 297 | 303 | 310 | |
| Diluted Earnings Per Share | $10.49 | $11.71 | $9.74 | $9.77 | |
| Gross Margin | 44.1% | 44.3% | 42.2% | 40.8% | |
6 more line items available via the API
Research & DevelopmentDiluted Shares OutstandingBasic Earnings Per ShareOperating MarginOther OpEx MarginNet Margin
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