Illinois Tool Works financials
$273.83−0.18%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.30B | $4.02B | $4.09B | $4.06B | $4.05B | $3.84B | $3.93B | $3.97B | $4.03B | $3.97B | $3.98B | $4.03B |
| Gross profit | $1.90B | $1.76B | $1.81B | $1.81B | $1.78B | $1.68B | $1.71B | $1.74B | $1.76B | $1.83B | $1.67B | $1.71B |
| Gross margin | 44.1% | 43.8% | 44.2% | 44.5% | 44.0% | 43.7% | 43.5% | 43.8% | 43.8% | 46.0% | 42.0% | 42.5% |
| Operating income | $1.15B | $1.02B | $1.08B | $1.11B | $1.07B | $951.0M | $1.03B | $1.05B | $1.05B | $1.13B | $988.0M | $1.07B |
| Net income | $815.0M | $768.0M | $790.0M | $821.0M | $755.0M | $700.0M | $750.0M | $1.16B | $759.0M | $819.0M | $717.0M | $772.0M |
| Net margin | 18.9% | 19.1% | 19.3% | 20.2% | 18.6% | 18.2% | 19.1% | 29.2% | 18.8% | 20.6% | 18.0% | 19.2% |
| Diluted EPS | $2.84 | $2.66 | $2.72 | $2.81 | $2.58 | $2.38 | $2.54 | $3.91 | $2.54 | $2.73 | $2.38 | $2.55 |
| EBITDA | $1.25B | $1.12B | $1.19B | $1.21B | $1.17B | $1.05B | $1.13B | $1.16B | $1.15B | $1.22B | $900.0M | $1.11B |
| Operating cash flow | $723.0M | $623.0M | $963.0M | $1.02B | $550.0M | $592.0M | $1.11B | $891.0M | $687.0M | $589.0M | $1.04B | $982.0M |
| Free cash flow | $631.0M | $528.0M | $858.0M | $904.0M | $449.0M | $496.0M | $996.0M | $783.0M | $571.0M | $494.0M | $908.0M | $856.0M |
| Diluted shares | 287.0M | 289.1M | 290.1M | 291.7M | 292.9M | 294.5M | 295.7M | 297.0M | 298.5M | 300.0M | 301.1M | 303.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $839.0M | $827.0M | $851.0M | $924.0M | $788.0M | $873.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $9.69B | $9.15B | $8.97B | $8.94B | $8.94B | $8.26B |
| Total assets | $16.49B | $16.26B | $16.15B | $16.14B | $16.05B | $15.47B |
| Total liabilities | $13.60B | $13.03B | $12.92B | $12.93B | $12.84B | $12.23B |
| Shareholders' equity | $2.90B | $3.23B | $3.23B | $3.21B | $3.21B | $3.24B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology