Income Statement

Revenue

+1%

+28%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	67	68	65	68	68	69	71	71	69	69	71	78	74	83	85	94	93	83	84	85	91	97	103	102	115	126	139	154	148	156	163	165	178	177	175	175	175	177	182	191	197	202	205	213	223	232	240	239	243	248	256	250	240	231	222	226	230	233	232	237	243	250	257	260	262	261	260	257	254	245	233	221	209	205	205	206	207	208	205	202	198	193	196	203	215	237	252	266	277	283	285	283	280	279	285	292
Revenue	9 202 N/A	9 219 +0%	9 319 +1%	9 468 +2%	9 577 +1%	9 706 +1%	9 837 +1%	10 036 +2%	10 432 +4%	10 871 +4%	11 306 +4%	11 583 +2%	12 073 +4%	12 357 +2%	12 590 +2%	12 540 0%	13 036 +4%	13 329 +2%	13 481 +1%	12 784 -5%	14 219 +11%	14 141 -1%	14 533 +3%	16 110 +11%	15 280 -5%	16 335 +7%	17 055 +4%	17 100 +0%	16 121 -6%	14 958 -7%	14 074 -6%	13 573 -4%	14 364 +6%	14 899 +4%	15 259 +2%	15 416 +1%	16 055 +4%	16 742 +4%	17 382 +4%	14 515 -16%	14 485 0%	13 087 -10%	12 239 -6%	14 791 +21%	13 853 -6%	14 230 +3%	14 065 -1%	14 135 +0%	14 284 +1%	14 410 +1%	14 534 +1%	14 484 0%	14 257 -2%	13 972 -2%	13 634 -2%	13 405 -2%	13 337 -1%	13 334 0%	13 475 +1%	13 599 +1%	13 796 +1%	13 964 +1%	14 084 +1%	14 314 +2%	14 587 +2%	14 819 +2%	14 817 0%	14 768 0%	14 576 -1%	14 354 -2%	14 220 -1%	14 109 -1%	13 785 -2%	12 740 -8%	12 568 -1%	12 574 +0%	12 890 +3%	14 002 +9%	14 251 +2%	14 455 +1%	14 850 +3%	15 185 +2%	15 640 +3%	15 932 +2%	16 012 +1%	16 075 +0%	16 095 +0%	16 107 +0%	16 061 0%	16 014 0%	15 949 0%	15 898 0%	15 764 -1%	15 790 +0%	15 883 +1%	16 044 +1%
Gross Profit
Cost of Revenue	(6 129)	(6 110)	(6 143)	(6 214)	(6 252)	(6 336)	(6 408)	(6 528)	(6 764)	(7 035)	(7 335)	(7 576)	(7 860)	(8 084)	(8 227)	(8 159)	(8 451)	(8 590)	(8 665)	(8 182)	(9 180)	(9 099)	(9 336)	(10 431)	(9 812)	(10 543)	(11 090)	(11 187)	(10 647)	(9 954)	(9 333)	(8 953)	(9 320)	(9 586)	(9 819)	(9 997)	(10 431)	(10 913)	(11 326)	(9 089)	(9 025)	(7 934)	(7 262)	(9 134)	(8 449)	(8 699)	(8 558)	(8 554)	(8 634)	(8 698)	(8 732)	(8 673)	(8 485)	(8 290)	(8 061)	(7 888)	(7 814)	(7 757)	(7 831)	(7 908)	(8 004)	(8 124)	(8 189)	(8 306)	(8 484)	(8 628)	(8 632)	(8 604)	(8 482)	(8 350)	(8 261)	(8 187)	(7 999)	(7 494)	(7 397)	(7 375)	(7 543)	(8 112)	(8 298)	(8 489)	(8 807)	(9 036)	(9 311)	(9 429)	(9 413)	(9 365)	(9 313)	(9 316)	(9 120)	(9 038)	(8 949)	(8 858)	(8 874)	(8 883)	(8 906)	(8 969)
Gross Profit	3 073 N/A	3 109 +1%	3 175 +2%	3 254 +2%	3 324 +2%	3 370 +1%	3 429 +2%	3 508 +2%	3 668 +5%	3 836 +5%	3 970 +4%	4 007 +1%	4 213 +5%	4 273 +1%	4 363 +2%	4 381 +0%	4 585 +5%	4 739 +3%	4 816 +2%	4 602 -4%	5 038 +9%	5 042 +0%	5 197 +3%	5 679 +9%	5 468 -4%	5 792 +6%	5 965 +3%	5 913 -1%	5 474 -7%	5 004 -9%	4 741 -5%	4 620 -3%	5 044 +9%	5 313 +5%	5 440 +2%	5 419 0%	5 624 +4%	5 829 +4%	6 056 +4%	5 426 -10%	5 460 +1%	5 152 -6%	4 977 -3%	5 657 +14%	5 404 -4%	5 531 +2%	5 507 0%	5 581 +1%	5 650 +1%	5 712 +1%	5 802 +2%	5 811 +0%	5 772 -1%	5 682 -2%	5 573 -2%	5 517 -1%	5 523 +0%	5 577 +1%	5 644 +1%	5 691 +1%	5 792 +2%	5 840 +1%	5 895 +1%	6 008 +2%	6 103 +2%	6 191 +1%	6 185 0%	6 164 0%	6 094 -1%	6 004 -1%	5 959 -1%	5 922 -1%	5 786 -2%	5 246 -9%	5 171 -1%	5 199 +1%	5 347 +3%	5 890 +10%	5 953 +1%	5 966 +0%	6 043 +1%	6 149 +2%	6 329 +3%	6 503 +3%	6 599 +1%	6 710 +2%	6 782 +1%	6 791 +0%	6 941 +2%	6 976 +1%	7 000 +0%	7 040 +1%	6 890 -2%	6 907 +0%	6 977 +1%	7 075 +1%
Operating Income
Operating Expenses	(1 753)	(1 740)	(1 734)	(1 740)	(1 808)	(1 829)	(1 857)	(1 870)	(1 908)	(1 968)	(2 017)	(2 062)	(2 145)	(2 207)	(2 244)	(2 251)	(2 362)	(2 417)	(2 456)	(2 376)	(2 622)	(2 676)	(2 785)	(3 050)	(2 967)	(3 147)	(3 298)	(3 410)	(3 410)	(3 362)	(3 275)	(3 131)	(3 223)	(3 201)	(3 188)	(3 164)	(3 237)	(3 357)	(3 489)	(3 065)	(3 086)	(2 899)	(2 771)	(3 180)	(3 043)	(3 134)	(3 095)	(3 065)	(3 045)	(2 981)	(2 969)	(2 920)	(2 860)	(2 803)	(2 697)	(2 648)	(2 631)	(2 623)	(2 643)	(2 635)	(2 641)	(2 624)	(2 607)	(2 618)	(2 522)	(2 630)	(2 615)	(2 580)	(2 574)	(2 545)	(2 521)	(2 520)	(2 462)	(2 344)	(2 348)	(2 317)	(2 321)	(2 420)	(2 427)	(2 489)	(2 576)	(2 649)	(2 691)	(2 713)	(2 732)	(2 759)	(2 744)	(2 751)	(2 746)	(2 737)	(2 779)	(2 776)	(2 802)	(2 805)	(2 815)	(2 859)
Selling, General & Administrative	(1 667)	(1 675)	(1 692)	(1 720)	(1 775)	(1 797)	(1 825)	(1 850)	(1 864)	(1 921)	(1 964)	(2 025)	(2 089)	(2 143)	(2 175)	(2 182)	(2 268)	(2 314)	(2 343)	(2 273)	(2 496)	(2 539)	(2 638)	(2 904)	(2 821)	(2 990)	(3 127)	(3 226)	(3 215)	(3 158)	(3 071)	(2 934)	(3 003)	(2 981)	(2 982)	(2 957)	(3 025)	(3 135)	(3 250)	(2 846)	(2 856)	(2 673)	(2 550)	(2 928)	(2 799)	(2 884)	(2 847)	(2 815)	(2 794)	(2 724)	(2 723)	(2 678)	(2 612)	(2 557)	(2 463)	(2 417)	(2 398)	(2 393)	(2 416)	(2 411)	(2 423)	(2 409)	(2 397)	(2 412)	(2 416)	(2 433)	(2 422)	(2 391)	(2 390)	(2 368)	(2 353)	(2 361)	(2 310)	(2 198)	(2 192)	(2 163)	(2 169)	(2 271)	(2 292)	(2 356)	(2 442)	(2 513)	(2 556)	(2 579)	(2 602)	(2 633)	(2 624)	(2 638)	(2 639)	(2 635)	(2 678)	(2 675)	(2 705)	(2 712)	(2 730)	(2 779)
Depreciation & Amortization	(86)	(65)	(43)	(20)	(24)	(24)	(24)	(20)	(44)	(47)	(53)	(37)	(56)	(63)	(68)	(69)	(94)	(103)	(113)	(103)	(127)	(136)	(147)	(146)	(149)	(157)	(172)	(184)	(195)	(205)	(204)	(197)	(204)	(204)	(206)	(207)	(211)	(221)	(238)	(219)	(232)	(228)	(222)	(252)	(244)	(246)	(248)	(250)	(251)	(250)	(246)	(242)	(239)	(237)	(234)	(231)	(231)	(228)	(227)	(224)	(218)	(215)	(210)	(206)	(201)	(197)	(193)	(189)	(184)	(177)	(168)	(159)	(152)	(146)	(156)	(154)	(152)	(149)	(135)	(133)	(134)	(136)	(135)	(134)	(130)	(126)	(120)	(113)	(107)	(102)	(101)	(101)	(97)	(93)	(85)	(80)
Other Operating Expenses	0	0	0	0	(8)	(8)	(8)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2	0	0	0	0	0	0	0	(16)	(16)	0	0	0	0	0	0	0	2	0	0	0	(4)	0	0	0	(7)	0	0	(9)	(9)	0	0	0	0	0	0	0	0	0	0	95	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1 320 N/A	1 369 +4%	1 441 +5%	1 514 +5%	1 517 +0%	1 542 +2%	1 572 +2%	1 637 +4%	1 760 +8%	1 868 +6%	1 953 +5%	1 945 0%	2 068 +6%	2 066 0%	2 119 +3%	2 130 +1%	2 222 +4%	2 322 +4%	2 360 +2%	2 226 -6%	2 416 +9%	2 366 -2%	2 413 +2%	2 630 +9%	2 500 -5%	2 646 +6%	2 667 +1%	2 503 -6%	2 064 -18%	1 642 -20%	1 466 -11%	1 489 +2%	1 820 +22%	2 112 +16%	2 252 +7%	2 255 +0%	2 387 +6%	2 472 +4%	2 567 +4%	2 361 -8%	2 375 +1%	2 253 -5%	2 206 -2%	2 477 +12%	2 361 -5%	2 397 +2%	2 412 +1%	2 516 +4%	2 605 +4%	2 731 +5%	2 833 +4%	2 891 +2%	2 912 +1%	2 879 -1%	2 876 0%	2 869 0%	2 892 +1%	2 954 +2%	3 001 +2%	3 056 +2%	3 151 +3%	3 216 +2%	3 288 +2%	3 390 +3%	3 581 +6%	3 561 -1%	3 570 +0%	3 584 +0%	3 520 -2%	3 459 -2%	3 438 -1%	3 402 -1%	3 324 -2%	2 902 -13%	2 823 -3%	2 882 +2%	3 026 +5%	3 470 +15%	3 526 +2%	3 477 -1%	3 467 0%	3 500 +1%	3 638 +4%	3 790 +4%	3 867 +2%	3 951 +2%	4 038 +2%	4 040 +0%	4 195 +4%	4 239 +1%	4 221 0%	4 264 +1%	4 088 -4%	4 102 +0%	4 162 +1%	4 216 +1%
Pre-Tax Income
Interest Income Expense	(67)	(68)	(65)	(60)	(68)	(69)	(71)	(50)	(69)	(69)	(71)	81	(53)	(54)	0	56	22	50	(43)	14	(101)	(134)	(103)	(48)	(115)	(126)	(139)	(109)	(153)	(180)	(176)	(164)	(186)	(166)	(175)	(147)	(154)	(156)	(161)	(139)	(200)	(205)	(208)	(204)	(233)	(242)	(250)	(196)	(248)	(253)	(261)	(178)	(232)	(223)	(214)	(169)	(230)	(233)	(232)	(142)	(243)	(250)	(257)	(224)	(262)	(261)	(260)	(214)	(254)	(245)	(233)	(187)	(209)	(205)	(205)	(186)	(207)	(208)	(205)	(170)	(198)	(193)	(196)	(179)	(215)	(237)	(252)	(252)	(277)	(283)	(285)	(232)	(280)	(279)	(285)	(287)
Non-Reccuring Items	0	0	0	(8)	0	0	0	(4)	0	0	0	(22)	0	0	0	(15)	0	0	0	(18)	(2)	0	0	(2)	(1)	(1)	(1)	(2)	(90)	(90)	(102)	(106)	0	0	(5)	(9)	0	0	0	2	0	0	0	(4)	(4)	0	(4)	23	(7)	0	(8)	(9)	0	0	(8)	14	0	0	0	(12)	0	15	95	96	0	80	0	(2)	0	0	0	44	0	0	0	0	0	0	0	0	0	0	0	191	0	0	0	1	0	0	0	363	0	0	0	0
Gain/Loss on Disposition of Assets	0	0	0	(11)	0	0	0	(2)	0	0	0	(5)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	933	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Other Income	(7)	(3)	(7)	(1)	(3)	(3)	8	(6)	18	19	21	0	8	11	4	(15)	6	(2)	73	(9)	106	122	71	5	22	30	24	(40)	26	0	(15)	(5)	10	12	13	(10)	(9)	4	28	(1)	57	63	39	4	995	983	992	4	44	41	51	(5)	71	85	88	5	61	57	47	6	81	76	74	8	51	65	64	26	69	52	68	29	118	117	93	8	15	29	37	19	53	55	71	40	251	247	231	34	55	61	430	27	437	415	48	37
Pre-Tax Income	1 245 N/A	1 297 +4%	1 369 +6%	1 434 +5%	1 446 +1%	1 470 +2%	1 510 +3%	1 576 +4%	1 709 +8%	1 818 +6%	1 903 +5%	1 999 +5%	2 023 +1%	2 023 +0%	2 123 +5%	2 156 +2%	2 250 +4%	2 370 +5%	2 390 +1%	2 214 -7%	2 419 +9%	2 355 -3%	2 382 +1%	2 584 +9%	2 406 -7%	2 548 +6%	2 551 +0%	2 352 -8%	1 847 -21%	1 373 -26%	1 173 -15%	1 214 +4%	1 644 +35%	1 958 +19%	2 086 +7%	2 089 +0%	2 225 +7%	2 321 +4%	2 434 +5%	2 223 -9%	2 231 +0%	2 112 -5%	2 038 -4%	3 206 +57%	3 119 -3%	3 138 +1%	3 150 +0%	2 347 -25%	2 394 +2%	2 519 +5%	2 615 +4%	2 699 +3%	2 751 +2%	2 741 0%	2 742 +0%	2 719 -1%	2 723 +0%	2 778 +2%	2 816 +1%	2 908 +3%	2 989 +3%	3 057 +2%	3 200 +5%	3 270 +2%	3 370 +3%	3 445 +2%	3 374 -2%	3 394 +1%	3 335 -2%	3 266 -2%	3 273 +0%	3 288 +0%	3 233 -2%	2 814 -13%	2 711 -4%	2 704 0%	2 834 +5%	3 291 +16%	3 358 +2%	3 326 -1%	3 322 0%	3 362 +1%	3 513 +4%	3 842 +9%	3 903 +2%	3 961 +1%	4 017 +1%	3 823 -5%	3 973 +4%	4 017 +1%	4 366 +9%	4 422 +1%	4 245 -4%	4 238 0%	3 925 -7%	3 966 +1%
Net Income
Tax Provision	(431)	(452)	(477)	(502)	(509)	(515)	(528)	(536)	(578)	(611)	(635)	(660)	(661)	(648)	(670)	(676)	(701)	(729)	(726)	(647)	(720)	(702)	(696)	(756)	(683)	(717)	(719)	(660)	(559)	(435)	(397)	(245)	(345)	(438)	(466)	(637)	(488)	(500)	(527)	(448)	(615)	(577)	(547)	(973)	(949)	(955)	(1 006)	(717)	(737)	(784)	(779)	(809)	(831)	(835)	(832)	(820)	(814)	(824)	(838)	(873)	(886)	(892)	(930)	(925)	(909)	(905)	(836)	(831)	(827)	(801)	(786)	(767)	(743)	(628)	(603)	(595)	(620)	(621)	(631)	(632)	(637)	(714)	(777)	(808)	(817)	(859)	(870)	(866)	(911)	(950)	(911)	(934)	(876)	(873)	(899)	(900)
Income from Continuing Operations	815	845	892	932	937	956	981	1 040	1 131	1 207	1 267	1 340	1 362	1 375	1 454	1 480	1 549	1 641	1 664	1 567	1 699	1 653	1 685	1 828	1 722	1 832	1 832	1 691	1 288	938	776	969	1 299	1 520	1 620	1 452	1 737	1 821	1 908	1 775	1 616	1 535	1 490	2 233	2 170	2 183	2 144	1 630	1 657	1 735	1 836	1 890	1 920	1 906	1 910	1 899	1 909	1 954	1 978	2 035	2 103	2 165	2 270	2 345	2 461	2 540	2 538	2 563	2 508	2 465	2 487	2 521	2 490	2 186	2 108	2 109	2 214	2 670	2 727	2 694	2 685	2 648	2 736	3 034	3 086	3 102	3 147	2 957	3 062	3 067	3 455	3 488	3 369	3 365	3 026	3 066
Net Income (Common)	600 N/A	634 +6%	681 +7%	713 +5%	931 +31%	940 +1%	963 +2%	1 024 +6%	1 119 +9%	1 203 +8%	1 264 +5%	1 339 +6%	1 361 +2%	1 374 +1%	1 452 +6%	1 495 +3%	1 549 +4%	1 641 +6%	1 679 +2%	1 718 +2%	1 754 +2%	1 793 +2%	1 838 +3%	1 870 +2%	1 771 -5%	1 794 +1%	1 756 -2%	1 519 -13%	1 176 -23%	825 -30%	673 -18%	973 +44%	1 320 +36%	1 555 +18%	1 675 +8%	1 503 -10%	1 792 +19%	1 879 +5%	1 965 +5%	2 071 +5%	1 934 -7%	2 316 +20%	2 333 +1%	2 870 +23%	2 738 -5%	2 322 -15%	2 250 -3%	1 679 -25%	1 798 +7%	2 825 +57%	2 904 +3%	2 946 +1%	2 931 -1%	1 919 -35%	1 899 -1%	1 899 N/A	1 909 +1%	1 954 +2%	1 978 +1%	2 035 +3%	2 103 +3%	2 165 +3%	2 270 +5%	1 687 -26%	1 803 +7%	1 882 +4%	1 880 0%	2 563 +36%	2 508 -2%	2 465 -2%	2 487 +1%	2 521 +1%	2 490 -1%	2 186 -12%	2 108 -4%	2 109 +0%	2 214 +5%	2 670 +21%	2 727 +2%	2 694 -1%	2 685 0%	2 648 -1%	2 736 +3%	3 034 +11%	3 086 +2%	3 102 +1%	3 147 +1%	2 957 -6%	3 062 +4%	3 067 +0%	3 455 +13%	3 488 +1%	3 369 -3%	3 365 0%	3 026 -10%	3 066 +1%
EPS (Diluted)	0.97 N/A	1.02 +5%	1.1 +8%	1.15 +5%	1.52 +32%	1.52 N/A	1.55 +2%	1.65 +6%	1.8 +9%	1.95 +8%	2.07 +6%	2.2 +6%	2.31 +5%	2.36 +2%	2.54 +8%	2.61 +3%	2.72 +4%	2.86 +5%	2.93 +2%	3.01 +3%	3.11 +3%	1.05 -66%	3.31 +215%	3.36 +2%	3.34 -1%	3.42 +2%	3.36 -2%	2.91 -13%	2.35 -19%	1.64 -30%	1.34 -18%	1.93 +44%	2.61 +35%	3.07 +18%	3.32 +8%	2.98 -10%	3.56 +19%	3.74 +5%	4.01 +7%	4.18 +4%	3.98 -5%	4.98 +25%	4.98 N/A	6.06 +22%	6.02 -1%	5.13 -15%	5.01 -2%	3.73 -26%	4.23 +13%	6.93 +64%	7.31 +5%	7.27 -1%	7.72 +6%	5.2 -33%	5.17 -1%	5.13 -1%	5.24 +2%	5.45 +4%	5.56 +2%	5.7 +3%	6.02 +6%	6.22 +3%	6.56 +5%	4.86 -26%	5.25 +8%	5.55 +6%	5.6 +1%	7.6 +36%	7.6 N/A	7.54 -1%	7.67 +2%	7.74 +1%	7.78 +1%	6.88 -12%	6.63 -4%	6.63 N/A	6.97 +5%	8.41 +21%	8.63 +3%	8.51 -1%	8.55 +0%	8.5 -1%	8.83 +4%	9.77 +11%	10.08 +3%	10.19 +1%	10.38 +2%	9.74 -6%	10.2 +5%	10.27 +1%	11.63 +13%	11.71 +1%	11.43 -2%	11.48 +0%	10.37 -10%	10.49 +1%

Income Statement Balance Sheet Cash Flow Statement

Illinois Tool Works Inc
NYSE:ITW

Income Statement

Earnings Waterfall
Illinois Tool Works Inc

Income Statement
Illinois Tool Works Inc

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Illinois Tool Works Inc NYSE:ITW

Income Statement

Earnings Waterfall Illinois Tool Works Inc

Income Statement Illinois Tool Works Inc

See Also

Company

Help

Tools

Stocks

Illinois Tool Works Inc
NYSE:ITW

Earnings Waterfall
Illinois Tool Works Inc

Income Statement
Illinois Tool Works Inc