Illinois Tool Works financials
$273.83−0.18%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.04B | $15.90B | $16.11B | $15.93B | $14.46B | $12.57B | $14.11B | $14.77B | $14.31B | $13.60B |
| Gross profit | $7.08B | $7.04B | $6.79B | $6.50B | $5.97B | $5.20B | $5.92B | $6.16B | $6.01B | $5.69B |
| Gross margin | 44.1% | 44.3% | 42.2% | 40.8% | 41.3% | 41.3% | 42.0% | 41.7% | 42.0% | 41.8% |
| Operating income | $4.22B | $4.26B | $4.04B | $3.79B | $3.48B | $2.88B | $3.40B | $3.58B | $3.48B | $3.06B |
| Net income | $3.07B | $3.49B | $2.96B | $3.03B | $2.69B | $2.11B | $2.52B | $2.56B | $1.69B | $2.04B |
| Net margin | 19.1% | 21.9% | 18.4% | 19.0% | 18.6% | 16.8% | 17.9% | 17.4% | 11.8% | 15.0% |
| Diluted EPS | $10.49 | $11.71 | $9.74 | $9.77 | $8.51 | $6.63 | $7.74 | $7.60 | $4.86 | $5.70 |
| EBITDA | $4.61B | $4.67B | $4.43B | $4.07B | $3.89B | $3.46B | $3.99B | $4.23B | $4.06B | $3.75B |
| Operating cash flow | $3.13B | $3.28B | $3.54B | $2.35B | $2.56B | $2.81B | $3.00B | $2.81B | $2.40B | $2.30B |
| Free cash flow | $2.71B | $2.84B | $3.08B | $1.94B | $2.26B | $2.57B | $2.67B | $2.45B | $2.10B | $2.03B |
| Diluted shares | 292.3M | 297.8M | 303.6M | 310.7M | 316.4M | 318.3M | 325.6M | 337.1M | 346.8M | 357.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $851.0M | $948.0M | $1.06B | $708.0M | $1.53B | $2.56B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $8.97B | $7.86B | $8.16B | $7.76B | $7.69B | $8.12B |
| Total assets | $16.15B | $15.07B | $15.52B | $15.42B | $16.08B | $15.61B |
| Total liabilities | $12.92B | $11.75B | $12.51B | $12.33B | $12.45B | $12.43B |
| Shareholders' equity | $3.23B | $3.32B | $3.01B | $3.09B | $3.63B | $3.18B |
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