Illinois Tool Works revenue and financials
$267.14Change from previous close: +1.12%Absolute change: +$2.95
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 723 | 623 | 963 | 1,021 | 550 | 592 | 1,114 | 891 | 687 | 589 | 1,039 | 982 |
| Depreciation and amortization | 98.0 | 99.0 | 103 | 100 | 99.0 | 95.0 | 102 | 104 | 99.0 | 97.0 | 99.0 | 97.0 |
| Capital expenditure | -92.0 | -95.0 | -105 | -117 | -101 | -96.0 | -118 | -108 | -116 | -95.0 | -131 | -126 |
| Investing cash flow | -85.0 | -99.0 | -221 | -116 | -92.0 | -92.0 | -117 | 294 | -169 | -152 | -120 | -103 |
| Financing cash flow | -632 | -547 | -818 | -775 | -563 | -588 | -943 | -1,121 | -601 | -524 | -877 | -788 |
| Dividends paid | -463 | -465 | -467 | -438 | -439 | -441 | -443 | -415 | -418 | -419 | -421 | -396 |
| Share repurchases | -750 | -375 | -375 | -375 | -375 | -375 | -375 | -375 | -375 | -375 | -375 | -375 |
| Debt issued | 596 | 259 | 19.0 | 25.0 | 262 | 202 | 312 | -134 | 788 | 952 | — | — |
| Debt repaid | — | — | 0.0 | 0.0 | 0.0 | 0.0 | -432 | -199 | -595 | -700 | -86.0 | -25.0 |
| Effect of exchange rates | 6.0 | -1.0 | 3.0 | 6.0 | 20.0 | 13.0 | -53.0 | 21.0 | -14.0 | -19.0 | 33.0 | -23.0 |
| Net change in cash | 12.0 | -24.0 | -73.0 | 136 | -85.0 | -75.0 | 1.0 | 85.0 | -97.0 | -106 | 75.0 | 68.0 |
| Free cash flow | 631 | 528 | 858 | 904 | 449 | 496 | 996 | 783 | 571 | 494 | 908 | 856 |
| Levered free cash flow | 449 | 470 | 613 | 863 | 235 | 421 | 887 | 752 | 600 | 426 | 749 | 757 |