Illinois Tool Works Inc. (ITW) Financial Statements
Illinois Tool Works financial statements at a glance
Illinois Tool Works reported revenue of $16.04 billion for fiscal year 2025 (ended December 31, 2025), up 0.9% from fiscal year 2024. Net income was $3.07 billion, a net margin of 19.1%.
At the end of fiscal year 2025 it had total assets of $16.15 billion, total liabilities of $12.92 billion and shareholders' equity of $3.23 billion, with total debt of $8.97 billion.
Its operations brought in $3.13 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Illinois Tool Works Inc.
Income Statement
Annual • USD
Illinois Tool Works key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $16.0B | $15.9B | $16.1B | $15.9B | $14.5B |
| Gross profit | $7.1B | $7.0B | $6.8B | $6.5B | $6.0B |
| Operating income | $4.2B | $4.6B | $4.0B | $4.0B | $3.5B |
| Net income | $3.1B | $3.5B | $3.0B | $3.0B | $2.7B |
| Diluted EPS | – | – | – | – | $8.51 |
| Total assets | $16.1B | $15.1B | $15.5B | $15.4B | $16.1B |
| Total liabilities | $12.9B | $11.8B | $12.5B | $12.3B | $12.5B |
| Shareholders' equity | $3.2B | $3.3B | $3.0B | $3.1B | $3.6B |
| Cash | – | – | – | – | $1.5B |
| Total debt | $9.0B | $7.9B | $8.2B | $7.8B | $7.9B |
| Operating cash flow | $3.1B | $3.3B | $3.5B | $2.3B | $2.6B |
| Capital spending | – | – | – | – | $296.0M |
| Free cash flow | – | – | – | – | $2.3B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Illinois Tool Works's revenue in fiscal year 2025?
$16.04 billion, up 0.9% from $15.90 billion in fiscal year 2024.
How much profit does Illinois Tool Works make?
Illinois Tool Works reported net income of $3.07 billion for fiscal year 2025 (19.1% of revenue); operating income was $4.22 billion.
How much cash and debt does Illinois Tool Works have?
At the end of fiscal year 2025: total debt of $8.97 billion.
