ILLINOIS TOOL WORKS INC

ITW · Large cap · 0 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$16.0B	$15.9B	$16.1B	$15.9B	$14.5B
Cost of revenue	$9.0B	$8.9B	$9.3B	$9.4B	$8.5B
Research and development	$302.0M	$292.0M	$284.0M	$269.0M	$239.0M
Operating income	$4.2B	$4.3B	$4.0B	$3.8B	$3.5B
Interest expense	$292.0M	$283.0M	$266.0M	$203.0M	$202.0M
Pretax income	—	—	$3.8B	$3.8B	$3.3B
Income tax expense	$900.0M	$934.0M	$866.0M	$808.0M	$632.0M
Net income	$3.1B	$3.5B	$3.0B	$3.0B	$2.7B
Balance Sheet
Cash and equivalents	$851.0M	$948.0M	$1.1B	$708.0M	$1.5B
Current assets	$6.2B	$5.9B	$6.2B	$6.3B	$6.4B
Total assets	$16.1B	$15.1B	$15.5B	$15.4B	$16.1B
Current liabilities	$5.1B	$4.3B	$4.7B	$4.5B	$3.5B
Total debt	$9.0B	$7.9B	$8.2B	$7.8B	$7.7B
Stockholders' equity	$3.2B	$3.3B	$3.0B	$3.1B	$3.6B
Cash Flow Statement
Cash from operations	$3.1B	$3.3B	$3.5B	$2.3B	$2.6B
Depreciation and amortization	$317.0M	$301.0M	$282.0M	$276.0M	$277.0M
Stock-based compensation	$69.0M	$61.0M	$69.0M	$63.0M	$53.0M
Capital expenditure	$419.0M	$437.0M	$455.0M	$412.0M	$296.0M
Free cash flow	$2.7B	$2.8B	$3.1B	$1.9B	$2.3B
Dividends paid	$1.8B	$1.7B	$1.6B	$1.5B	$1.5B
Share repurchases	$1.5B	$1.5B	$1.5B	$1.8B	$1.0B

Shares outstanding 287.7M · Free float 99.7%

Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.