CompanyScope

Illinois Tool Works Inc. income statement & cash flow

Ticker ITW · SEC CIK 49826 · Latest fiscal year ended Dec 31, 2025

In the fiscal year ended Dec 31, 2025, Illinois Tool Works Inc. reported net income of $3.07B on revenue of $16.04B. Operating cash flow was $3.13B and capital expenditures were $419.00M, leaving $2.71B of free cash flow (operating cash flow minus capital expenditures).

$0$1B$2B$3B$4BDec 2016: $2.04BDec 2017: $1.69BDec 2018: $2.56BDec 2019: $2.52BDec 2020: $2.11BDec 2021: $2.69BDec 2022: $3.03BDec 2023: $2.96BDec 2024: $3.49BDec 2025: $3.07BDec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Illinois Tool Works Inc. net income by fiscal year, USD. Hover a bar for the exact figure.

Income statement and cash flow summary

Fiscal year endedDec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue (USD)$13.60B$14.31B$14.77B$14.11B$12.57B$14.46B$15.93B$16.11B$15.90B$16.04B
Operating income (USD)$3.06B$3.48B$3.58B$3.40B$2.88B$3.48B$3.79B$4.04B$4.26B$4.22B
Net income (USD)$2.04B$1.69B$2.56B$2.52B$2.11B$2.69B$3.03B$2.96B$3.49B$3.07B
Diluted EPS (USD per share)$5.70$4.86$7.60$7.74$6.63$8.51$9.77$9.74$11.71$10.49
Operating cash flow (USD)$2.30B$2.40B$2.81B$3.00B$2.81B$2.56B$2.35B$3.54B$3.28B$3.13B
Capital expenditures (USD)$273.00M$297.00M$364.00M$326.00M$236.00M$296.00M$412.00M$455.00M$437.00M$419.00M
Reported in10-K 201910-K 202010-K 202110-K 202210-K 202310-K 202410-K 202510-K 202610-K 202610-K 2026

Columns are fiscal years, labeled by the month the year ended; scroll sideways on small screens. — means the company did not report the figure under the XBRL concepts we track.

Margins

Each figure divided by revenue for the same fiscal year.

Fiscal year endedGross marginOperating marginNet margin
Dec 2025—26.3%19.1%
Dec 2024—26.8%21.9%
Dec 2023—25.1%18.4%
Dec 2022—23.8%19.0%
Dec 2021—24.1%18.6%
$0$1B$2B$3B$4BDec 2016: $2.30BDec 2017: $2.40BDec 2018: $2.81BDec 2019: $3.00BDec 2020: $2.81BDec 2021: $2.56BDec 2022: $2.35BDec 2023: $3.54BDec 2024: $3.28BDec 2025: $3.13BDec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Illinois Tool Works Inc. operating cash flow by fiscal year, USD. Hover a bar for the exact figure.

Source: SEC EDGAR XBRL company facts for CIK 49826 (raw data). Most recent filing in this dataset: 10-Q filed Oct 28, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.