Illinois Tool Works Inc. (ITW)

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227.95

-2.89 (-1.25%)

At close: Apr 21, 2025, 3:59 PM

230.69

1.20%

Pre-market: Apr 22, 2025, 05:23 AM EDT

Illinois Tool Works Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 30, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	3.93B	3.97B	4.03B	3.97B	3.98B	4.03B	4.07B	4.02B	3.97B	4.01B	4.01B	3.94B	3.68B	3.56B	3.68B	3.54B	3.48B	3.31B	2.56B	3.23B	3.47B	3.48B	3.61B	3.55B	3.58B	3.61B	3.83B	3.74B	3.63B	3.62B	3.6B	3.47B	3.4B	3.5B	3.43B	3.27B
Cost of Revenue	2.22B	2.23B	2.29B	2.15B	2.31B	2.32B	2.34B	2.34B	2.31B	2.37B	2.39B	2.36B	2.19B	2.1B	2.16B	2.04B	2B	1.91B	1.59B	1.87B	2.02B	2.01B	2.1B	2.06B	2.1B	2.1B	2.23B	2.18B	2.12B	2.09B	2.09B	2B	2.01B	2.03B	1.97B	1.9B
Gross Profit	1.71B	1.74B	1.74B	1.83B	1.67B	1.71B	1.73B	1.68B	1.66B	1.64B	1.62B	1.58B	1.49B	1.46B	1.51B	1.5B	1.48B	1.4B	970M	1.36B	1.45B	1.47B	1.51B	1.49B	1.48B	1.52B	1.6B	1.56B	1.5B	1.52B	1.51B	1.47B	1.39B	1.47B	1.46B	1.38B
Operating Income	1.03B	1.05B	1.05B	1.13B	988M	1.07B	1.01B	972M	986M	983M	926M	895M	834M	845M	893M	905M	883M	789M	449M	761M	824M	868M	871M	839M	860M	889M	932M	903M	850M	961M	874M	809M	742M	808M	792M	722M
Interest Income	44M	n/a	n/a	n/a	51M	67M	69M	60M	34M	52M	n/a	n/a	12M	n/a	n/a	n/a	17M	n/a	n/a	n/a	29M	n/a	n/a	n/a	35M	n/a	n/a	n/a	45M	n/a	n/a	n/a	38M	n/a	n/a	n/a
Pretax Income	983M	1.36B	1B	1.07B	927M	1.01B	961M	922M	1.12B	957M	903M	861M	792M	806M	863M	865M	824M	739M	406M	735M	831M	842M	825M	790M	816M	835M	894M	849M	796M	906M	819M	749M	726M	763M	751M	668M
Net Income	750M	1.16B	759M	819M	717M	772M	754M	714M	907M	727M	738M	662M	609M	639M	775M	671M	642M	582M	319M	566M	641M	660M	623M	597M	607M	638M	666M	652M	-76M	640M	587M	536M	507M	535M	525M	468M
Selling & General & Admin	655M	658M	686M	676M	658M	615M	690M	675M	644M	624M	659M	652M	621M	581M	588M	566M	557M	560M	486M	560M	586M	566M	598M	611M	578M	581M	620M	612M	605M	589M	586M	605M	597M	604M	617M	597M
Research & Development	n/a	n/a	686M	676M	284M	615M	690M	675M	1.92B	581M	659M	652M	2.36B	581M	588M	566M	2.16B	560M	486M	560M	2.36B	566M	598M	611M	2.39B	581M	620M	612M	2.4B	589M	586M	605M	2.42B	604M	617M	597M
Other Expenses	25M	n/a	26M	-25M	-6M	10M	20M	-644M	-1.89B	-548M	-625M	35M	7M	10M	22M	12M	-7M	2M	8M	25M	58M	26M	9M	14M	19M	10M	26M	12M	12M	10M	10M	4M	47M	13M	17M	4M
Operating Expenses	680M	684M	686M	701M	683M	642M	720M	706M	676M	657M	693M	687M	654M	615M	620M	600M	592M	608M	521M	596M	623M	604M	639M	654M	624M	628M	668M	660M	655M	640M	638M	658M	651M	660M	672M	656M
Interest Expense	68M	69M	75M	71M	70M	67M	69M	60M	56M	52M	47M	48M	49M	49M	52M	52M	52M	52M	51M	51M	51M	52M	55M	63M	63M	64M	64M	66M	66M	65M	65M	64M	63M	58M	58M	58M
Selling & Marketing Expenses	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-3M	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cost & Expenses	2.9B	2.91B	2.97B	2.85B	3B	2.96B	3.06B	3.05B	2.98B	3.03B	3.08B	3.04B	2.85B	2.71B	2.78B	2.64B	2.59B	2.52B	2.12B	2.47B	2.65B	2.61B	2.74B	2.71B	2.72B	2.72B	2.9B	2.84B	2.78B	2.73B	2.73B	2.66B	2.66B	2.69B	2.64B	2.55B
Income Tax Expense	233M	202M	246M	253M	210M	241M	207M	208M	214M	230M	165M	199M	183M	167M	88M	194M	182M	157M	87M	169M	190M	182M	202M	193M	209M	197M	228M	197M	872M	266M	232M	213M	219M	228M	226M	200M
Shares Outstanding (Basic)	294.7M	296.1M	297.6M	298.9M	300.1M	301.9M	303.3M	305M	306.8M	308.8M	310.6M	312.5M	313.6M	314.6M	315.6M	316.6M	316.7M	316.5M	316.1M	318.3M	321.2M	322.3M	324.8M	327.3M	329.8M	333.3M	336.7M	340.2M	340.41M	343.4M	344.7M	346.2M	348.3M	353.5M	356.6M	362M
Shares Outstanding (Diluted)	295.8M	297M	298.5M	300M	301.1M	303M	304.2M	306.1M	307.9M	309.7M	311.5M	313.7M	315M	315.9M	316.9M	317.9M	318.1M	317.9M	317.4M	319.7M	322.9M	324M	326.6M	329.6M	331.6M	335.3M	338.9M	342.8M	342.1M	346M	347.5M	349M	350.4M	355.5M	358.5M	363.9M
EPS (Basic)	2.55	3.92	2.55	2.74	2.39	2.56	2.49	2.34	2.96	2.35	2.38	2.12	1.94	2.03	2.46	2.12	2.03	1.84	1.01	1.78	2.00	2.05	1.92	1.82	1.84	1.91	1.98	1.92	-0.22	1.86	1.70	1.55	1.46	1.51	1.47	1.29
EPS (Diluted)	2.54	3.91	2.54	2.73	2.38	2.55	2.48	2.33	2.95	2.35	2.37	2.11	1.93	2.02	2.45	2.11	2.02	1.83	1.01	1.77	1.99	2.04	1.91	1.81	1.83	1.90	1.97	1.90	-0.22	1.85	1.69	1.54	1.45	1.50	1.46	1.29
EBITDA	1.15B	1.53B	1.16B	1.24B	1.1B	1.18B	1.12B	1.08B	1.09B	1.09B	1.04B	1.01B	943M	955M	1B	1.01B	992M	910M	552M	868M	936M	977M	984M	955M	980M	1.01B	1.05B	1.02B	968M	997M	971M	923M	860M	928M	907M	839M
EBIT	1.05B	1.43B	1.06B	1.14B	997M	1.08B	1.02B	980M	996M	992M	937M	906M	839M	851M	899M	911M	887M	792M	452M	764M	831M	873M	877M	845M	865M	894M	937M	908M	850M	881M	857M	809M	742M	808M	809M	726M
Depreciation & Amortization	102M	104M	99M	97M	99M	97M	100M	99M	99M	102M	103M	106M	104M	104M	102M	100M	105M	118M	100M	104M	105M	104M	107M	110M	46M	47M	48M	48M	50M	51M	52M	53M	54M	56M	55M	59M