Income Statement - ILLINOIS TOOL WORKS INC (ITW)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 16,044.00 | 15,898.00 | 16,107.00 | 15,932.00 | 14,455.00 | 12,574.00 | 14,109.00 | 14,768.00 | 14,314.00 | 13,599.00 | 13,405.00 | 14,484.00 | 14,135.00 | 17,924.00 | 17,786.58 | 15,870.38 | 13,877.07 | 15,869.35 | 16,170.61 | 14,055.05 |
| Cost of revenue | 8,969.00 | 8,959.00 | 9,316.00 | 9,429.00 | 8,489.00 | 7,375.00 | 8,346.00 | 8,793.00 | 8,515.00 | 8,120.00 | 8,119.00 | 8,915.00 | 8,804.00 | 11,743.00 | 11,773.22 | 10,204.10 | 9,348.08 | 10,456.47 | 10,614.07 | 9,184.09 |
| Gross profit | 7,075.00 | 6,939.00 | 6,791.00 | 6,503.00 | 5,966.00 | 5,199.00 | 5,763.00 | 5,975.00 | 5,799.00 | 5,479.00 | 5,286.00 | 5,569.00 | 5,331.00 | 6,181.00 | 6,013.36 | 5,211.60 | 4,528.99 | 5,412.89 | 5,556.54 | 4,870.96 |
| Total operating expenses | 2,859.00 | 2,675.00 | 2,638.00 | 2,713.00 | 2,489.00 | 2,317.00 | 2,361.00 | 2,391.00 | 2,400.00 | 2,415.00 | 2,417.00 | 2,678.00 | 2,815.00 | 3,332.00 | 3,282.35 | 2,956.57 | 3,037.44 | 3,073.08 | 2,930.63 | 2,432.25 |
| Operating income | 4,216.00 | 4,264.00 | 4,040.00 | 3,790.00 | 3,477.00 | 2,882.00 | 3,402.00 | 3,584.00 | 3,494.00 | 3,064.00 | 2,867.00 | 2,888.00 | 2,514.00 | 2,847.00 | 2,731.01 | 2,356.68 | 1,385.98 | 2,338.24 | 2,623.76 | 2,420.94 |
| Non-operating income (net) | -250.00 | 158.00 | -217.00 | 52.00 | -151.00 | -178.00 | -114.00 | -190.00 | -224.00 | -156.00 | -148.00 | -189.00 | -167.00 | 756.00 | -138.29 | -144.69 | -172.19 | -146.87 | -42.78 | 24.31 |
| Income before tax | 3,966.00 | 4,422.00 | 3,823.00 | 3,842.00 | 3,326.00 | 2,704.00 | 3,288.00 | 3,394.00 | 3,270.00 | 2,908.00 | 2,719.00 | 2,699.00 | 2,347.00 | 3,603.00 | 2,592.71 | 2,211.99 | 1,213.79 | 2,191.37 | 2,580.98 | 2,445.25 |
| Income tax expense | 900.00 | 934.00 | 866.00 | 808.00 | 632.00 | 595.00 | 767.00 | 831.00 | 1,583.00 | 873.00 | 820.00 | 809.00 | 717.00 | 1,108.00 | 575.70 | 684.80 | 244.30 | 608.10 | 754.90 | 727.50 |
| Net income | 3,066.00 | 3,488.00 | 2,957.00 | 3,034.00 | 2,694.00 | 2,109.00 | 2,521.00 | 2,563.00 | 1,687.00 | 2,035.00 | 1,899.00 | 2,946.00 | 1,679.00 | 2,870.00 | 2,071.38 | 1,527.19 | 947.01 | 1,519.00 | 1,869.86 | 1,717.75 |
Show Quarterly Income Statement
Income Statement - ILLINOIS TOOL WORKS INC (ITW)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 4,016.00 | 4,093.00 | 4,059.00 | 4,053.00 | 3,839.00 | 3,932.00 | 3,966.00 | 4,027.00 | 3,973.00 | 3,983.00 | 4,031.00 | 4,074.00 | 4,019.00 | 3,971.00 | 4,011.00 | 4,011.00 | 3,939.00 | 3,679.00 | 3,556.00 | 3,676.00 | 3,544.00 | 3,475.00 | 3,307.00 | 2,564.00 | 3,228.00 | 3,469.00 | 3,479.00 | 3,609.00 | 3,552.00 | 3,580.00 | 3,613.00 | 3,831.00 | 3,744.00 | 3,629.00 | 3,615.00 | 3,599.00 | 3,471.00 | 3,399.00 | 3,495.00 | 3,431.00 | 3,274.00 | 3,275.00 | 3,354.00 | 3,434.00 | 3,342.00 | 3,504.00 | 3,692.00 | 3,719.00 | 3,569.00 | 3,554.00 | 3,568.00 | 4,219.00 | 4,009.00 | 4,221.00 | 4,501.00 | 4,655.00 | 4,547.00 | 4,319.31 | 4,580.52 | 4,614.91 | 4,387.58 | 4,169.27 | 4,018.47 | 4,076.25 | 3,606.39 | 3,757.43 | 3,580.35 | 3,392.91 | 2,914.27 | 3,678.39 | 4,147.76 | 4,570.47 | 4,139.41 | 4,158.08 | 4,093.80 | 4,159.69 | 3,759.04 | 3,640.53 | 3,538.01 | 3,579.47 | 3,297.04 |
| Cost of revenue | 2,256.00 | 2,284.00 | 2,253.00 | 2,271.00 | 2,182.00 | 2,246.00 | 2,256.00 | 2,287.00 | 2,170.00 | 2,337.00 | 2,346.00 | 2,374.00 | 2,372.00 | 2,341.00 | 2,404.00 | 2,426.00 | 2,392.00 | 2,224.00 | 2,130.00 | 2,195.00 | 2,073.00 | 2,035.00 | 1,958.00 | 1,629.00 | 1,907.00 | 2,059.00 | 2,045.00 | 2,140.00 | 2,102.00 | 2,142.00 | 2,143.00 | 2,279.00 | 2,229.00 | 2,174.00 | 2,145.00 | 2,139.00 | 2,057.00 | 2,060.00 | 2,083.00 | 1,967.00 | 1,896.00 | 1,941.00 | 1,953.00 | 2,024.00 | 1,970.00 | 2,114.00 | 2,182.00 | 2,219.00 | 2,158.00 | 2,173.00 | 2,148.00 | 2,619.00 | 2,502.00 | 2,725.00 | 2,855.00 | 2,964.00 | 2,911.00 | 2,798.37 | 2,961.50 | 2,996.01 | 2,826.69 | 2,738.84 | 2,584.90 | 2,595.95 | 2,320.75 | 2,428.60 | 2,315.18 | 2,248.25 | 1,983.40 | 2,412.45 | 2,699.27 | 2,946.73 | 2,697.97 | 2,687.90 | 2,642.74 | 2,675.52 | 2,449.03 | 2,372.63 | 2,292.19 | 2,292.82 | 2,119.67 |
| Gross profit | 1,760.00 | 1,809.00 | 1,806.00 | 1,782.00 | 1,657.00 | 1,686.00 | 1,710.00 | 1,740.00 | 1,803.00 | 1,646.00 | 1,685.00 | 1,700.00 | 1,647.00 | 1,630.00 | 1,607.00 | 1,585.00 | 1,547.00 | 1,455.00 | 1,426.00 | 1,481.00 | 1,471.00 | 1,440.00 | 1,349.00 | 935.00 | 1,321.00 | 1,410.00 | 1,434.00 | 1,469.00 | 1,450.00 | 1,438.00 | 1,470.00 | 1,552.00 | 1,515.00 | 1,455.00 | 1,470.00 | 1,460.00 | 1,414.00 | 1,339.00 | 1,412.00 | 1,464.00 | 1,378.00 | 1,334.00 | 1,401.00 | 1,410.00 | 1,372.00 | 1,390.00 | 1,510.00 | 1,500.00 | 1,411.00 | 1,381.00 | 1,420.00 | 1,600.00 | 1,507.00 | 1,496.00 | 1,646.00 | 1,691.00 | 1,636.00 | 1,520.94 | 1,619.02 | 1,618.90 | 1,560.89 | 1,430.43 | 1,433.57 | 1,480.30 | 1,285.64 | 1,328.83 | 1,265.18 | 1,144.65 | 930.87 | 1,265.94 | 1,448.49 | 1,623.75 | 1,441.45 | 1,470.18 | 1,451.06 | 1,484.17 | 1,310.01 | 1,267.90 | 1,245.82 | 1,286.65 | 1,177.36 |
| Total operating expenses | 740.00 | 724.00 | 694.00 | 714.00 | 706.00 | 655.00 | 658.00 | 686.00 | 676.00 | 658.00 | 615.00 | 690.00 | 675.00 | 644.00 | 624.00 | 659.00 | 652.00 | 621.00 | 581.00 | 588.00 | 566.00 | 557.00 | 560.00 | 486.00 | 560.00 | 586.00 | 566.00 | 598.00 | 611.00 | 578.00 | 581.00 | 620.00 | 612.00 | 605.00 | 589.00 | 601.00 | 605.00 | 597.00 | 604.00 | 672.00 | 656.00 | 655.00 | 638.00 | 680.00 | 675.00 | 704.00 | 735.00 | 737.00 | 744.00 | 753.00 | 740.00 | 898.00 | 847.00 | 887.00 | 881.00 | 921.00 | 931.00 | 873.86 | 904.74 | 907.85 | 878.28 | 850.94 | 792.04 | 827.56 | 801.71 | 849.01 | 769.58 | 809.82 | 783.31 | 851.83 | 809.53 | 867.04 | 921.49 | 810.05 | 754.76 | 785.50 | 741.36 | 690.35 | 618.96 | 626.89 | 637.39 |
| Operating income | 1,020.00 | 1,085.00 | 1,112.00 | 1,068.00 | 951.00 | 1,031.00 | 1,052.00 | 1,054.00 | 1,127.00 | 988.00 | 1,070.00 | 1,010.00 | 972.00 | 986.00 | 983.00 | 926.00 | 895.00 | 834.00 | 845.00 | 893.00 | 905.00 | 883.00 | 789.00 | 449.00 | 761.00 | 824.00 | 868.00 | 871.00 | 839.00 | 860.00 | 889.00 | 932.00 | 903.00 | 850.00 | 961.00 | 874.00 | 809.00 | 742.00 | 808.00 | 792.00 | 722.00 | 679.00 | 761.00 | 730.00 | 697.00 | 686.00 | 772.00 | 763.00 | 667.00 | 628.00 | 678.00 | 702.00 | 660.00 | 609.00 | 763.00 | 770.00 | 705.00 | 647.08 | 714.28 | 711.05 | 682.61 | 579.49 | 640.52 | 652.74 | 483.93 | 476.26 | 483.60 | 334.84 | 57.56 | 414.11 | 638.96 | 756.71 | 519.96 | 660.14 | 696.30 | 698.68 | 568.65 | 594.34 | 626.87 | 659.76 | 539.97 |
| Non-operating income (net) | -53.00 | -61.00 | -63.00 | -70.00 | -56.00 | -48.00 | 310.00 | -49.00 | -55.00 | -61.00 | -57.00 | -49.00 | -50.00 | 135.00 | -26.00 | -23.00 | -34.00 | -42.00 | -39.00 | -30.00 | -40.00 | -59.00 | -50.00 | -43.00 | -26.00 | 7.00 | -26.00 | -46.00 | -49.00 | -44.00 | -54.00 | -38.00 | -54.00 | -54.00 | -55.00 | -55.00 | -60.00 | -16.00 | -45.00 | -41.00 | -54.00 | -45.00 | -36.00 | -34.00 | -33.00 | -29.00 | -48.00 | -57.00 | -55.00 | -55.00 | -50.00 | -48.00 | -14.00 | 849.00 | -24.00 | -27.00 | -42.00 | -46.27 | -23.90 | -30.04 | -38.47 | -40.89 | -27.25 | -37.95 | -38.60 | -38.16 | -34.53 | -63.73 | -34.99 | -54.80 | -22.27 | -12.34 | -58.89 | -56.69 | -6.81 | 18.53 | 2.19 | 11.33 | 15.03 | 6.69 | -8.74 |
| Income before tax | 967.00 | 1,024.00 | 1,049.00 | 998.00 | 895.00 | 983.00 | 1,362.00 | 1,005.00 | 1,072.00 | 927.00 | 1,013.00 | 961.00 | 922.00 | 1,121.00 | 957.00 | 903.00 | 861.00 | 792.00 | 806.00 | 863.00 | 865.00 | 824.00 | 739.00 | 406.00 | 735.00 | 831.00 | 842.00 | 825.00 | 790.00 | 816.00 | 835.00 | 894.00 | 849.00 | 796.00 | 906.00 | 819.00 | 749.00 | 726.00 | 763.00 | 751.00 | 668.00 | 634.00 | 725.00 | 696.00 | 664.00 | 657.00 | 724.00 | 706.00 | 612.00 | 573.00 | 628.00 | 654.00 | 646.00 | 1,458.00 | 739.00 | 743.00 | 663.00 | 600.82 | 690.38 | 681.01 | 644.14 | 538.59 | 613.28 | 614.79 | 445.33 | 438.10 | 449.06 | 271.11 | 22.57 | 359.31 | 616.69 | 744.37 | 461.08 | 603.45 | 689.49 | 717.21 | 570.84 | 605.67 | 641.89 | 666.45 | 531.23 |
| Income tax expense | 199.00 | 234.00 | 228.00 | 243.00 | 195.00 | 233.00 | 202.00 | 246.00 | 253.00 | 210.00 | 241.00 | 207.00 | 208.00 | 214.00 | 230.00 | 165.00 | 199.00 | 183.00 | 167.00 | 88.00 | 194.00 | 182.00 | 157.00 | 87.00 | 169.00 | 190.00 | 182.00 | 202.00 | 193.00 | 209.00 | 197.00 | 228.00 | 197.00 | 872.00 | 266.00 | 232.00 | 213.00 | 219.00 | 228.00 | 226.00 | 200.00 | 184.00 | 214.00 | 216.00 | 206.00 | 196.00 | 217.00 | 212.00 | 184.00 | 166.00 | 222.00 | 190.00 | 187.00 | 486.00 | 214.00 | 216.00 | 192.00 | 163.70 | 200.25 | 197.48 | 21.00 | 145.80 | 194.00 | 194.00 | 151.00 | -57.50 | 146.10 | 92.17 | 52.00 | 86.00 | 173.40 | 215.90 | 159.70 | 176.50 | 198.40 | 211.60 | 168.40 | 166.40 | 195.80 | 200.60 | 164.70 |
| Net income | 768.00 | 790.00 | 821.00 | 755.00 | 700.00 | 750.00 | 1,160.00 | 759.00 | 819.00 | 717.00 | 772.00 | 754.00 | 714.00 | 907.00 | 727.00 | 738.00 | 662.00 | 609.00 | 639.00 | 775.00 | 671.00 | 642.00 | 582.00 | 319.00 | 566.00 | 641.00 | 660.00 | 623.00 | 597.00 | 607.00 | 638.00 | 666.00 | 652.00 | -76.00 | 640.00 | 587.00 | 536.00 | 507.00 | 535.00 | 525.00 | 468.00 | 450.00 | 511.00 | 480.00 | 458.00 | 450.00 | 531.00 | 1,492.00 | 473.00 | 408.00 | 452.00 | 465.00 | 354.00 | 979.00 | 524.00 | 881.00 | 486.00 | 442.20 | 507.00 | 499.00 | 623.00 | 392.79 | 422.03 | 411.46 | 333.81 | 507.40 | 302.42 | 176.57 | -39.37 | 233.77 | 453.52 | 528.09 | 303.62 | 470.73 | 491.09 | 530.78 | 402.44 | 439.27 | 446.09 | 465.85 | 366.53 |