Financials in USD. Standardized financial statements.
A compact view of how Illinois Tool Works Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $16.04B | $15.90B | $16.11B | $15.93B | $14.46B | $12.57B | $14.11B | $14.77B | $14.31B | $13.60B |
| Revenue Growth? | +0.9% | -1.3% | +1.1% | +10.2% | +15.0% | -10.9% | -4.5% | +3.2% | +5.3% | 0.0% |
| Cost of Revenue? | $8.97B | $8.96B | $9.43B | $9.56B | $8.62B | $7.53B | $8.35B | $8.79B | $8.52B | $8.12B |
| Gross Profit? | $7.08B | $6.94B | $6.68B | $6.37B | $5.83B | $5.04B | $5.76B | $5.97B | $5.80B | $5.48B |
| Gross Margin? | +44.1% | +43.6% | +41.5% | +40.0% | +40.4% | +40.1% | +40.8% | +40.5% | +40.5% | +40.3% |
| Operating Expenses? | $2.86B | $2.67B | $2.64B | $2.58B | $2.36B | $2.16B | $2.36B | $2.39B | $2.40B | $2.42B |
| Operating Income? | $4.22B | $4.26B | $4.04B | $3.79B | $3.48B | $2.88B | $3.40B | $3.58B | $3.49B | $3.06B |
| EBITDA? | $4.65B | $5.11B | $4.48B | $4.46B | $3.94B | $3.34B | $3.94B | $4.11B | $3.99B | $3.62B |
| Income Before Tax | $3.97B | $4.42B | $3.82B | $3.84B | $3.33B | $2.70B | $3.29B | $3.39B | $3.27B | $2.91B |
| Income Tax Expense | $900.00M | $934.00M | $866.00M | $808.00M | $632.00M | $595.00M | $767.00M | $831.00M | $1.58B | $873.00M |
| Net Income? | $3.07B | $3.49B | $2.96B | $3.03B | $2.69B | $2.11B | $2.52B | $2.56B | $1.69B | $2.04B |
| 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 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality