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Illinois Tool Works $ITW

Industrials · Industrial Machinery & Supplies & Components · NYSE/NASDAQ

S&P 500 Russell 1000 Illinois

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$271.19

+1.72 (+0.64%)

As of Oct 15, 2026, 10:52 PM EDT

Price history

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Illinois Tool Works (ITW) is trading up at $271.19 (+0.64%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.

Illinois Tool Works revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Illinois Tool Works annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$13.6B	$14.3B	$14.8B	$14.1B	$12.6B	$14.5B	$15.9B	$16.1B	$15.9B	$16.0B
Growth (year over year)	+1.4%	+5.3%	+3.2%	−4.5%	−10.9%	+15.0%	+10.2%	+1.1%	−1.3%	+0.9%
Gross profit	$5.69B	$6.01B	$6.16B	$5.92B	$5.20B	$5.97B	$7.80B	$8.16B	$8.29B	$8.49B
Gross margin	41.8%	42.0%	41.7%	42.0%	41.3%	41.3%	48.9%	50.7%	52.2%	52.9%
Operating income	$3.06B	$3.48B	$3.58B	$3.40B	$2.88B	$3.48B	$3.79B	$4.04B	$4.26B	$4.22B
Operating margin	22.5%	24.3%	24.3%	24.1%	22.9%	24.1%	23.8%	25.1%	26.8%	26.3%
Net income	$2.04B	$1.69B	$2.56B	$2.52B	$2.11B	$2.69B	$3.03B	$2.96B	$3.49B	$3.07B
Net margin	15.0%	11.8%	17.4%	17.9%	16.8%	18.6%	19.0%	18.4%	21.9%	19.1%
EPS (diluted)	$5.70	$4.86	$7.60	$7.74	$6.63	$8.51	$9.77	$9.74	$11.71	$10.49
Balance sheet
Cash and equivalents	$2.47B	$3.09B	$1.50B	$1.98B	$2.56B	$1.53B	$708.0M	$1.06B	$948.0M	$851.0M
Total assets	$15.2B	$16.8B	$14.9B	$15.1B	$15.6B	$16.1B	$15.4B	$15.5B	$15.1B	$16.1B
Total liabilities	$10.9B	$12.2B	$11.6B	$12.0B	$12.4B	$12.5B	$12.3B	$12.5B	$11.8B	$12.9B
Long-term debt	$7.18B	$7.48B	$6.03B	$7.75B	$7.77B	$6.91B	$6.17B	$6.34B	$6.31B	$6.68B
Shareholders' equity	$4.26B	$4.59B	$3.26B	$3.03B	$3.18B	$3.63B	$3.09B	$3.01B	$3.32B	$3.23B
Cash flow
Operating cash flow	$2.30B	$2.40B	$2.81B	$3.00B	$2.81B	$2.56B	$2.35B	$3.54B	$3.28B	$3.13B
Capital expenditure	$273.0M	$297.0M	$364.0M	$326.0M	$236.0M	$296.0M	$412.0M	$455.0M	$437.0M	$419.0M
Free cash flow	$2.03B	$2.10B	$2.45B	$2.67B	$2.57B	$2.26B	$1.94B	$3.08B	$2.84B	$2.71B
Dividends paid	$821.0M	$941.0M	$1.12B	$1.32B	$1.38B	$1.46B	$1.54B	$1.61B	$1.70B	$1.78B
Share buybacks	$2.00B	$1.00B	$2.00B	$1.50B	$706.0M	$1.00B	$1.75B	$1.50B	$1.50B	$1.50B

RevenueNet incomeNet margin (right axis, %)

Illinois Tool Works quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$3.97B	$3.93B	$3.84B	$4.05B	$4.06B	$4.09B	$4.02B	$4.30B
Growth (year over year)	−1.6%	−1.3%	−3.4%	+0.6%	+2.3%	+4.1%	+4.6%	+6.1%
Gross profit	$2.08B	$2.05B	$2.02B	$2.14B	$2.16B	$2.17B	$2.13B	$2.27B
Gross margin	52.5%	52.1%	52.6%	52.8%	53.2%	53.0%	53.0%	52.7%
Operating income	$1.05B	$1.03B	$951.0M	$1.07B	$1.11B	$1.08B	$1.02B	$1.15B
Operating margin	26.5%	26.2%	24.8%	26.4%	27.4%	26.5%	25.4%	26.7%
Net income	$1.16B	$750.0M	$700.0M	$755.0M	$821.0M	$790.0M	$768.0M	$815.0M
Net margin	29.2%	19.1%	18.2%	18.6%	20.2%	19.3%	19.1%	18.9%
EPS (diluted)	$3.91	$2.53	$2.38	$2.58	$2.81	$2.72	$2.66	$2.84
Balance sheet
Cash and equivalents	$947.0M	$948.0M	$873.0M	$788.0M	$924.0M	$851.0M	$827.0M	$839.0M
Total assets	$15.8B	$15.1B	$15.5B	$16.0B	$16.1B	$16.1B	$16.3B	$16.5B
Total liabilities	$12.4B	$11.8B	$12.2B	$12.8B	$12.9B	$12.9B	$13.0B	$13.6B
Long-term debt	$6.58B	$6.31B	$7.28B	$7.70B	$7.67B	$6.68B	$6.60B	$6.55B
Shareholders' equity	$3.39B	$3.32B	$3.24B	$3.21B	$3.21B	$3.23B	$3.23B	$2.90B
Cash flow
Operating cash flow	$891.0M	$1.11B	$592.0M	$550.0M	$1.02B	$963.0M	$623.0M	$723.0M
Capital expenditure	$108.0M	$118.0M	$96.0M	$101.0M	$117.0M	$105.0M	$95.0M	$92.0M
Free cash flow	$783.0M	$996.0M	$496.0M	$449.0M	$904.0M	$858.0M	$528.0M	$631.0M
Dividends paid	$415.0M	$443.0M	$441.0M	$439.0M	$438.0M	$467.0M	$465.0M	$463.0M
Share buybacks	$375.0M	$375.0M	$375.0M	$375.0M	$375.0M	$375.0M	$375.0M	$750.0M

From Illinois Tool Works's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Illinois Tool Works

Illinois Tool Works Inc. (ITW) is an American Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith and has built its growth on a "small-wins strategy" based on decentralization, simplicity, customer-focused innovation, and acquisitions.

Source: Wikipedia — Illinois Tool Works