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Saturday 17 October 2026 Export ITW’s income statement to Excel — free account

Illinois Tool Works Inc.

ITW Industrials Specialty Industrial Machinery

Illinois Tool Works Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.0 billion, up 0.92% from fiscal 2024. In the quarter to June 2026, revenue grew 6.12%, EPS grew 10.5%, free cash flow grew 39.7% and total debt rose 8.47%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

272.38 1.19 +0.44%
Market cap
$77.2B
P/E
24.6×
Fwd P/E
22.3×
Dividend yield
2.40%
F-score
4/9
Altman Z
7.88
Beneish M
−2.43
Dividend safety
76/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Illinois Tool Works Inc. (ITW) Net margin

Alert me on Net margin

Illinois Tool Works Inc.'s net margin over the twelve months to 30 June 2026 was 19.4%, up 0.3 percentage points from fiscal 2025 (19.1%). Over the past ten years it has ranged from 11.8% (fiscal 2017) to 21.9% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Specialty Industrial Machinery industry median of 7.80% and above the Industrials sector median of 2.22%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 19.1% (2.83)
FY2024 21.9% 3.58
FY2023 18.4% (0.68)
FY2022 19.0% 0.40
FY2021 18.6% 1.87
FY2020 16.8% (1.10)
FY2019 17.9% 0.51
FY2018 17.4% 5.57
FY2017 11.8% (3.17)
FY2016 15.0% 0.79

Quarterly newest first

Period Net margin Change (points)
Jun 2026 19.0% (0.17)
Mar 2026 19.1% (0.18)
Dec 2025 19.3% (0.93)
Sep 2025 20.2% 1.60
42 more quarters

Against its own ten years

Low 11.8% High 21.9%
Ten-year median 17.9%
Current reading's percentile 88

Net margin against peers

Company Net margin
AME AMETEK, Inc. compare 20.0%
ITW Illinois Tool Works Inc. 19.4%
PH Parker-Hannifin Corporation compare 17.0%
EMR Emerson Electric Co. compare 13.8%
ROK Rockwell Automation, Inc. compare 13.4%
ETN Eaton Corporation, PLC compare 12.8%
IR Ingersoll Rand Inc. compare 12.1%
OTIS Otis Worldwide Corporation compare 10.2%
CMI Cummins Inc. compare 7.82%
Specialty Industrial Machinery industry median 7.80%
Industrials sector median 2.22%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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