# Illinois Tool Works Inc: financial statements, quarterly

ITW · NYSE · CIK 49826 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/itw.md) · [Financials](/companies/itw/financials.md) · [Filings](/companies/itw/filings.md) · [Insiders](/companies/itw/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/itw/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,031](/filings/0000049826-24-000048.md) | [3,983 d](/filings/0000049826-26-000008.md) | [3,973](/filings/0000049826-25-000014.md) | [4,027](/filings/0000049826-25-000037.md) | [3,966](/filings/0000049826-25-000057.md) | [3,932 d](/filings/0000049826-26-000008.md) | [3,839](/filings/0000049826-26-000028.md) | [4,053](/filings/0000049826-26-000049.md) | [4,059](/filings/0000049826-25-000057.md) | [4,093 d](/filings/0000049826-26-000008.md) | [4,016](/filings/0000049826-26-000028.md) | [4,301](/filings/0000049826-26-000049.md) |
| Cost of revenue | $m | [2,319](/filings/0000049826-24-000048.md) | [940 d](/filings/0000049826-26-000008.md) | [1,917](/filings/0000049826-25-000014.md) | [1,919](/filings/0000049826-25-000037.md) | [1,884](/filings/0000049826-25-000057.md) | [1,884 d](/filings/0000049826-26-000008.md) | [1,821](/filings/0000049826-26-000028.md) | [1,914](/filings/0000049826-26-000049.md) | [1,898](/filings/0000049826-25-000057.md) | [1,923 d](/filings/0000049826-26-000008.md) | [1,887](/filings/0000049826-26-000028.md) | [2,033](/filings/0000049826-26-000049.md) |
| Operating income | $m | [1,070](/filings/0000049826-24-000048.md) | [988 d](/filings/0000049826-26-000008.md) | [1,127](/filings/0000049826-25-000014.md) | [1,054](/filings/0000049826-25-000037.md) | [1,052](/filings/0000049826-25-000057.md) | [1,031 d](/filings/0000049826-26-000008.md) | [951](/filings/0000049826-26-000028.md) | [1,068](/filings/0000049826-26-000049.md) | [1,112](/filings/0000049826-25-000057.md) | [1,085 d](/filings/0000049826-26-000008.md) | [1,020](/filings/0000049826-26-000028.md) | [1,147](/filings/0000049826-26-000049.md) |
| Interest expense | $m | [67.0](/filings/0000049826-23-000052.md) | [70.0 d](/filings/0000049826-24-000008.md) | [71.0](/filings/0000049826-24-000020.md) | [75.0](/filings/0000049826-25-000037.md) | [69.0](/filings/0000049826-25-000057.md) | [68.0 d](/filings/0000049826-26-000008.md) | [68.0](/filings/0000049826-26-000028.md) | [74.0](/filings/0000049826-26-000049.md) | [75.0](/filings/0000049826-25-000057.md) | [75.0 d](/filings/0000049826-26-000008.md) | [73.0](/filings/0000049826-26-000028.md) | [79.0](/filings/0000049826-26-000049.md) |
| Income tax | $m | [241](/filings/0000049826-24-000048.md) | [210 d](/filings/0000049826-26-000008.md) | [253](/filings/0000049826-25-000014.md) | [246](/filings/0000049826-25-000037.md) | [202](/filings/0000049826-25-000057.md) | [233 d](/filings/0000049826-26-000008.md) | [195](/filings/0000049826-26-000028.md) | [243](/filings/0000049826-26-000049.md) | [228](/filings/0000049826-25-000057.md) | [234 d](/filings/0000049826-26-000008.md) | [199](/filings/0000049826-26-000028.md) | [265](/filings/0000049826-26-000049.md) |
| Net income | $m | [772](/filings/0000049826-24-000048.md) | [717 d](/filings/0000049826-26-000008.md) | [819](/filings/0000049826-25-000014.md) | [759](/filings/0000049826-25-000037.md) | [1,160](/filings/0000049826-25-000057.md) | [750 d](/filings/0000049826-26-000008.md) | [700](/filings/0000049826-26-000028.md) | [755](/filings/0000049826-26-000049.md) | [821](/filings/0000049826-25-000057.md) | [790 d](/filings/0000049826-26-000008.md) | [768](/filings/0000049826-26-000028.md) | [815](/filings/0000049826-26-000049.md) |
| Diluted EPS | $ per share | [2.55](/filings/0000049826-24-000048.md) | not reported | [2.73](/filings/0000049826-25-000014.md) | [2.54](/filings/0000049826-25-000037.md) | [3.91](/filings/0000049826-25-000057.md) | not reported | [2.38](/filings/0000049826-26-000028.md) | [2.58](/filings/0000049826-26-000049.md) | [2.81](/filings/0000049826-25-000057.md) | not reported | [2.66](/filings/0000049826-26-000028.md) | [2.84](/filings/0000049826-26-000049.md) |
| Basic EPS | $ per share | [2.55](/filings/0000049826-24-000048.md) | not reported | [2.74](/filings/0000049826-25-000014.md) | [2.55](/filings/0000049826-25-000037.md) | [3.92](/filings/0000049826-25-000057.md) | not reported | [2.39](/filings/0000049826-26-000028.md) | [2.58](/filings/0000049826-26-000049.md) | [2.82](/filings/0000049826-25-000057.md) | not reported | [2.66](/filings/0000049826-26-000028.md) | [2.85](/filings/0000049826-26-000049.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfGoodsAndServicesSold, us-gaap:CostOfRevenue
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:ProfitLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $bn | [1.0](/filings/0000049826-23-000052.md) | [1.1](/filings/0000049826-25-000007.md) | [1.0](/filings/0000049826-24-000020.md) | [0.9](/filings/0000049826-24-000038.md) | [0.9](/filings/0000049826-24-000048.md) | [0.9](/filings/0000049826-26-000008.md) | [0.9](/filings/0000049826-25-000014.md) | [0.8](/filings/0000049826-25-000037.md) | [0.9](/filings/0000049826-25-000057.md) | [0.9](/filings/0000049826-26-000049.md) | [0.8](/filings/0000049826-26-000028.md) | [0.8](/filings/0000049826-26-000049.md) |
| Current assets | $bn | [6.3](/filings/0000049826-23-000052.md) | [6.2](/filings/0000049826-25-000007.md) | [6.4](/filings/0000049826-24-000020.md) | [6.3](/filings/0000049826-24-000038.md) | [6.3](/filings/0000049826-24-000048.md) | [5.9](/filings/0000049826-26-000008.md) | [6.0](/filings/0000049826-25-000014.md) | [6.2](/filings/0000049826-25-000037.md) | [6.3](/filings/0000049826-25-000057.md) | [6.2](/filings/0000049826-26-000049.md) | [6.3](/filings/0000049826-26-000028.md) | [6.6](/filings/0000049826-26-000049.md) |
| Total assets | $bn | [15.4](/filings/0000049826-23-000052.md) | [15.5](/filings/0000049826-25-000007.md) | [15.1](/filings/0000049826-25-000014.md) | [15.6](/filings/0000049826-24-000038.md) | [15.8](/filings/0000049826-24-000048.md) | [15.1](/filings/0000049826-26-000008.md) | [15.5](/filings/0000049826-25-000014.md) | [16.0](/filings/0000049826-25-000037.md) | [16.1](/filings/0000049826-25-000057.md) | [16.1](/filings/0000049826-26-000049.md) | [16.3](/filings/0000049826-26-000028.md) | [16.5](/filings/0000049826-26-000049.md) |
| Current liabilities | $bn | [4.0](/filings/0000049826-23-000052.md) | [4.7](/filings/0000049826-25-000007.md) | [4.8](/filings/0000049826-24-000020.md) | [4.8](/filings/0000049826-24-000038.md) | [4.6](/filings/0000049826-24-000048.md) | [4.3](/filings/0000049826-26-000008.md) | [3.8](/filings/0000049826-25-000014.md) | [3.9](/filings/0000049826-25-000037.md) | [4.1](/filings/0000049826-25-000057.md) | [5.1](/filings/0000049826-26-000049.md) | [5.3](/filings/0000049826-26-000028.md) | [6.0](/filings/0000049826-26-000049.md) |
| Long-term debt | $bn | [6.8](/filings/0000049826-23-000052.md) | [6.3](/filings/0000049826-25-000007.md) | [6.3](/filings/0000049826-24-000020.md) | [6.4](/filings/0000049826-24-000038.md) | [6.6](/filings/0000049826-24-000048.md) | [6.3](/filings/0000049826-26-000008.md) | [7.3](/filings/0000049826-25-000014.md) | [7.7](/filings/0000049826-25-000037.md) | [7.7](/filings/0000049826-25-000057.md) | [6.7](/filings/0000049826-26-000049.md) | [6.6](/filings/0000049826-26-000028.md) | [6.5](/filings/0000049826-26-000049.md) |
| Current portion of debt | $bn | [1.2](/filings/0000049826-23-000052.md) | [1.4](/filings/0000049826-25-000007.md) | [2.1](/filings/0000049826-24-000020.md) | [2.0](/filings/0000049826-24-000038.md) | [1.8](/filings/0000049826-24-000048.md) | [0.8](/filings/0000049826-26-000008.md) | [1.0](/filings/0000049826-25-000014.md) | [1.2](/filings/0000049826-25-000037.md) | [1.3](/filings/0000049826-25-000057.md) | [1.0](/filings/0000049826-26-000008.md) | [2.5](/filings/0000049826-26-000028.md) | [3.1](/filings/0000049826-26-000049.md) |
| Short-term borrowings | $bn | [0.5](/filings/0000049826-23-000052.md) | [1.8](/filings/0000049826-24-000008.md) | [1.4](/filings/0000049826-24-000020.md) | [0.6](/filings/0000049826-24-000038.md) | [0.3](/filings/0000049826-24-000048.md) | [0.8](/filings/0000049826-26-000008.md) | [1.0](/filings/0000049826-25-000014.md) | [1.2](/filings/0000049826-25-000037.md) | [1.3](/filings/0000049826-25-000057.md) | [1.3](/filings/0000049826-26-000049.md) | [1.5](/filings/0000049826-26-000028.md) | [2.1](/filings/0000049826-26-000049.md) |
| Shareholders' equity | $bn | [3.0](/filings/0000049826-24-000048.md) | [3.0](/filings/0000049826-26-000008.md) | [3.0](/filings/0000049826-25-000037.md) | [3.0](/filings/0000049826-25-000057.md) | [3.4](/filings/0000049826-25-000057.md) | [3.3](/filings/0000049826-26-000049.md) | [3.2](/filings/0000049826-26-000049.md) | [3.2](/filings/0000049826-26-000049.md) | [3.2](/filings/0000049826-25-000057.md) | [3.2](/filings/0000049826-26-000049.md) | [3.2](/filings/0000049826-26-000049.md) | [2.9](/filings/0000049826-26-000049.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:DebtCurrent, us-gaap:LongTermDebtCurrent
- Short-term borrowings: us-gaap:CommercialPaper, us-gaap:ShortTermBorrowings
- Shareholders' equity: us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [982 d](/filings/0000049826-24-000048.md) | [1,039 d](/filings/0000049826-26-000008.md) | [589](/filings/0000049826-25-000014.md) | [687 d](/filings/0000049826-25-000037.md) | [891 d](/filings/0000049826-25-000057.md) | [1,114 d](/filings/0000049826-26-000008.md) | [592](/filings/0000049826-26-000028.md) | [550 d](/filings/0000049826-26-000049.md) | [1,021 d](/filings/0000049826-25-000057.md) | [963 d](/filings/0000049826-26-000008.md) | [623](/filings/0000049826-26-000028.md) | [723 d](/filings/0000049826-26-000049.md) |
| Capital expenditure | $m | [126 d](/filings/0000049826-24-000048.md) | [131 d](/filings/0000049826-26-000008.md) | [95.0](/filings/0000049826-25-000014.md) | [116 d](/filings/0000049826-25-000037.md) | [108 d](/filings/0000049826-25-000057.md) | [118 d](/filings/0000049826-26-000008.md) | [96.0](/filings/0000049826-26-000028.md) | [101 d](/filings/0000049826-26-000049.md) | [117 d](/filings/0000049826-25-000057.md) | [105 d](/filings/0000049826-26-000008.md) | [95.0](/filings/0000049826-26-000028.md) | [92.0 d](/filings/0000049826-26-000049.md) |
| Dividends paid | $m | [396 d](/filings/0000049826-24-000048.md) | [421 d](/filings/0000049826-26-000008.md) | [419](/filings/0000049826-25-000014.md) | [418 d](/filings/0000049826-25-000037.md) | [415 d](/filings/0000049826-25-000057.md) | [443 d](/filings/0000049826-26-000008.md) | [441](/filings/0000049826-26-000028.md) | [439 d](/filings/0000049826-26-000049.md) | [438 d](/filings/0000049826-25-000057.md) | [467 d](/filings/0000049826-26-000008.md) | [465](/filings/0000049826-26-000028.md) | [463 d](/filings/0000049826-26-000049.md) |
| Share repurchases | $m | [375 d](/filings/0000049826-24-000048.md) | [375 d](/filings/0000049826-26-000008.md) | [375](/filings/0000049826-25-000014.md) | [375 d](/filings/0000049826-25-000037.md) | [375 d](/filings/0000049826-25-000057.md) | [375 d](/filings/0000049826-26-000008.md) | [375](/filings/0000049826-26-000028.md) | [375 d](/filings/0000049826-26-000049.md) | [375 d](/filings/0000049826-25-000057.md) | [375 d](/filings/0000049826-26-000008.md) | [375](/filings/0000049826-26-000028.md) | [750 d](/filings/0000049826-26-000049.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: us-gaap:PaymentsOfDividendsCommonStock
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [310](/filings/0000049826-23-000052.md) | [306](/filings/0000049826-24-000020.md) | [304](/filings/0000049826-24-000038.md) | [303](/filings/0000049826-24-000048.md) | [300](/filings/0000049826-25-000014.md) | [299](/filings/0000049826-25-000037.md) | [297](/filings/0000049826-25-000057.md) | [295](/filings/0000049826-26-000028.md) | [293](/filings/0000049826-26-000049.md) | [292](/filings/0000049826-25-000057.md) | [289](/filings/0000049826-26-000028.md) | [287](/filings/0000049826-26-000049.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 284,800,000 at 2026-06-30, from the cover of the [10-Q filed 2026-08-06](/filings/0000049826-26-000049.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:19 ET. No prices; not investment advice.