Illinois Tool Works revenue and financials
$261.15Change from previous close: −2.24%Absolute change: −$5.99
In the fiscal year ended December 2025, Illinois Tool Works reported revenue of $16.04B (+0.92% year over year). Net income was $3.07B, a net margin of 19.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +0.92%
- 2025 vs 2024
- Net income growth
- −12.10%
- 2025 vs 2024
- Net margin
- 19.1%
- 2024: 21.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 16,044 | 15,898 | 16,107 | 15,932 | 14,455 | 12,574 | 14,109 | 14,768 | 14,314 | 13,599 |
| Cost of revenue | 7,556 | 7,604 | 7,944 | 8,136 | 8,489 | 7,375 | 8,187 | 8,604 | 8,306 | 7,908 |
| Gross profit | 7,075 | 7,040 | 6,791 | 6,503 | 5,966 | — | — | — | — | — |
| Selling, general and administrative | 2,737 | 2,647 | 2,605 | 2,538 | 2,333 | — | — | — | — | — |
| Research and development | 302 | 292 | 284 | 269 | 239 | 214 | 221 | 233 | 225 | 223 |
| Operating income | 4,216 | 4,264 | 4,040 | 3,790 | 3,477 | 2,882 | 3,402 | 3,584 | 3,485 | 3,056 |
| EBIT | 4,258 | 4,292 | 4,073 | 3,831 | 3,500 | — | — | — | — | — |
| EBITDA | 4,655 | 4,694 | 4,468 | 4,241 | 3,910 | — | — | — | — | — |
| Interest expense | 292 | 283 | 266 | 203 | 202 | 206 | 221 | 257 | 260 | 237 |
| Pre-tax income | 3,966 | 4,422 | 3,823 | 3,842 | 3,326 | — | — | — | — | — |
| Income tax | 900 | 934 | 866 | 808 | 632 | 595 | 767 | 831 | 1,583 | 873 |
| Net income | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 | 2,109 | 2,521 | 2,563 | 1,687 | 2,035 |
| Net income to common shareholders | 3,066 | 3,488 | 2,957 | 3,034 | 2,694 | — | — | — | — | — |
| Basic EPS | 10.52 | 11.75 | 9.77 | 9.80 | 8.55 | 6.66 | 7.78 | 7.65 | 4.90 | 5.73 |
| Diluted EPS | 10.49 | 11.71 | 9.74 | 9.77 | 8.51 | 6.63 | 7.74 | 7.60 | 4.86 | 5.70 |
| Average shares (basic) | 292 | 297 | 303 | 310 | 315 | — | — | — | — | — |
| Average shares (diluted) | 292 | 298 | 304 | 311 | 316 | 318 | 326 | 337 | 347 | 357 |
| Dividend per share | 6.22 | 5.80 | 5.42 | 5.06 | 4.72 | — | — | — | — | — |