ITW · XBRL financial data

Illinois Tool Works financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ITW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	12,574	14,455	15,932	16,107	15,898	16,044
Cost of revenue	—	—	8,136	7,944	7,604	7,556
Cost of goods and services sold	7,375	8,489	9,429	9,316	8,858	8,969
Research and development	214	239	269	284	292	302
Operating income (loss)	2,882	3,477	3,790	4,040	4,264	4,216
Interest income	17	12	22	51	44	40
Interest expense	206	202	203	266	283	292
Other income (expense)	(5)	(4)	(1)	1	(1)	(5)
Income tax expense (benefit)	595	632	808	866	934	900
Earnings per share, basic USD per share	6.66	8.55	9.80	9.77	11.75	10.52
Earnings per share, diluted USD per share	6.63	8.51	9.77	9.74	11.71	10.49
Weighted average shares, basic millions of shares	317	315	310	303	297	292
Weighted average shares, diluted millions of shares	318	316	311	304	298	292

Fiscal years (ITW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	2,564	1,527	708	1,065	948	851
Inventory	1,189	1,694	2,054	1,707	1,605	1,659
Prepaid and other current assets	264	313	329	340	312	463
Total current assets	6,523	6,374	6,270	6,235	5,856	6,200
Property and equipment, net	1,777	1,809	1,848	1,976	2,036	2,230
Right-of-use asset	216	222	212	248	266	294
Goodwill	4,690	4,965	4,864	4,909	4,839	5,098
Total assets	15,612	16,077	15,422	15,518	15,067	16,148
Accounts payable	534	585	594	581	519	522
Accrued liabilities	1,284	1,648	1,728	1,663	1,576	1,636
Commercial paper	0	210	1,053	464	778	1,287
Current portion of long-term debt	350	568	535	1,361	777	999
Total current liabilities	2,589	3,470	4,460	4,675	4,308	5,126
Long-term debt	7,772	6,909	6,173	6,339	6,308	6,683
Lease liability, non-current	133	133	131	148	158	180
Retained earnings	23,114	24,325	25,799	27,122	28,893	30,150
Total liabilities and equity	15,612	16,077	15,422	15,518	15,067	16,148
Common shares outstanding (cover page) millions of shares	317	313	305	299	294	288

Fiscal years (ITW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Stock-based compensation	42	53	63	69	61	69
Net cash from operating activities	2,807	2,557	2,348	3,539	3,281	3,126
Purchases of property and equipment	236	296	412	455	437	419
Net cash from investing activities	(214)	(984)	(110)	(403)	(144)	(521)
Proceeds from issuing common stock	66	50	29	53	52	65
Share repurchases	706	1,000	1,750	1,500	1,500	1,500
Dividends paid	1,379	1,463	1,542	1,615	1,695	1,785
Net cash from financing activities	(2,049)	(2,564)	(3,000)	(2,782)	(3,189)	(2,744)
Net change in cash	583	(1,037)	(819)	357	(117)	(97)

SIC 3560 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3560 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Illinois Tool Works	809	4,236	953*	284.2M	Q3 FY26 10-QSep 30, 2026
Ingersoll Rand	1,343	2,065	648*	384.0M	Q3 FY26 10-QSep 30, 2026
Xylem	708	2,201	331*	229.3M	Q3 FY26 10-QSep 30, 2026
Madison Air Solutions	262	991	not reported	not reported	Q2 FY26 10-QJun 30, 2026
Zebra Technologies	182	1,614	324*	47.1M	Q3 FY26 10-QOct 3, 2026

Not investment advice. Not affiliated with the U.S. SEC.