ITW
Illinois Tool Works Inc
NYSE: ITW · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$265.67
-1.04% today
Updated 2026-04-29
Market cap
$77.61B
P/E ratio
25.65
P/S ratio
4.84x
EPS (TTM)
$10.50
Dividend yield
2.28%
52W range
$223 – $301
Volume
1.3M
Illinois Tool Works Inc (ITW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.06B | $16.17B | $15.87B | $13.88B | $15.87B | $17.79B | $17.92B | $14.13B | $14.48B | $13.40B | $13.60B | $14.31B | $14.77B | $14.11B | $12.57B | $14.46B | $15.93B | $16.11B | $15.90B | $16.04B |
| Revenue growth (YoY) | — | +15.1% | -1.9% | -12.6% | +14.4% | +12.1% | +0.8% | -21.1% | +2.5% | -7.4% | +1.4% | +5.3% | +3.2% | -4.5% | -10.9% | +15.0% | +10.2% | +1.1% | -1.3% | +0.9% |
| Cost of revenue | $9.18B | $10.61B | $10.46B | $9.35B | $10.20B | $11.77B | $11.74B | $8.80B | $8.91B | $8.12B | $8.12B | $8.52B | $8.79B | $8.35B | $7.38B | $8.49B | $9.43B | $9.32B | $8.96B | $8.97B |
| Gross profit | $4.87B | $5.56B | $5.41B | $4.53B | $5.21B | $6.01B | $6.18B | $5.33B | $5.57B | $5.29B | $5.48B | $5.80B | $5.97B | $5.76B | $5.20B | $5.97B | $6.50B | $6.79B | $6.94B | $7.08B |
| Gross margin | 34.7% | 34.4% | 34.1% | 32.6% | 32.8% | 33.8% | 34.5% | 37.7% | 38.4% | 39.4% | 40.3% | 40.5% | 40.5% | 40.8% | 41.3% | 41.3% | 40.8% | 42.2% | 43.6% | 44.1% |
| R&D | $144.91M | $203.49M | $210.72M | $198.54M | $213.34M | $242.98M | $266.00M | $240.00M | $227.00M | $218.00M | $223.00M | $225.00M | $233.00M | $221.00M | $214.00M | $239.00M | $269.00M | $2.64B | $292.00M | — |
| SG&A | $2.43B | $2.93B | $2.77B | $3.04B | $3.06B | $3.28B | $3.33B | $2.81B | $2.68B | $2.42B | $2.42B | $2.40B | $2.39B | $2.36B | $2.16B | $2.36B | $2.58B | $2.62B | $2.67B | $2.78B |
| Operating income | $2.42B | $2.62B | $2.34B | $1.39B | $2.36B | $2.73B | $2.85B | $2.51B | $2.89B | $2.87B | $3.06B | $3.49B | $3.58B | $3.40B | $2.88B | $3.48B | $3.79B | $4.04B | $4.26B | $4.22B |
| Operating margin | 17.2% | 16.2% | 14.7% | 10.0% | 14.8% | 15.4% | 15.9% | 17.8% | 19.9% | 21.4% | 22.5% | 24.4% | 24.3% | 24.1% | 22.9% | 24.1% | 23.8% | 25.1% | 26.8% | 26.3% |
| EBITDA | $2.96B | $3.20B | $2.88B | $1.95B | $2.80B | $3.37B | $4.43B | $3.11B | $3.45B | $3.42B | $3.62B | $3.99B | $4.11B | $3.94B | $3.06B | $3.66B | $4.18B | $4.04B | $5.11B | $4.65B |
| EBITDA margin | 21.0% | 19.8% | 18.1% | 14.0% | 17.6% | 19.0% | 24.7% | 22.0% | 23.8% | 25.5% | 26.6% | 27.9% | 27.8% | 27.9% | 24.4% | 25.3% | 26.2% | 25.1% | 32.1% | 29.0% |
| EBIT | $2.53B | $2.68B | $2.34B | $1.38B | $2.26B | $2.78B | $3.82B | $2.59B | $2.95B | $2.94B | $3.15B | $3.53B | $3.65B | $3.51B | $2.88B | $3.48B | $3.79B | $4.04B | $4.71B | $4.26B |
| Interest expense | $0.00 | $0.00 | $154.46M | $164.84M | $175.46M | $192.13M | $214.00M | $239.00M | $250.00M | $226.00M | $237.00M | $260.00M | $257.00M | $221.00M | $206.00M | $202.00M | $203.00M | $266.00M | $283.00M | $292.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.72B | $1.87B | $1.52B | $947.01M | $1.53B | $2.07B | $2.87B | $1.68B | $2.95B | $1.90B | $2.04B | $1.69B | $2.56B | $2.52B | $2.11B | $2.69B | $3.03B | $2.96B | $3.49B | $3.07B |
| Net income growth (YoY) | — | +8.9% | -18.8% | -37.7% | +61.3% | +35.6% | +38.6% | -41.5% | +75.5% | -35.5% | +7.2% | -17.1% | +51.9% | -1.6% | -16.3% | +27.7% | +12.6% | -2.5% | +18.0% | -12.1% |
| Profit margin | 12.2% | 11.6% | 9.6% | 6.8% | 9.6% | 11.6% | 16.0% | 11.9% | 20.3% | 14.2% | 15.0% | 11.8% | 17.4% | 17.9% | 16.8% | 18.6% | 19.0% | 18.4% | 21.9% | 19.1% |