ITT INC.
Business
ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for transportation, industrial, and energy markets. The company operates three segments: Motion Technologies (brake pads, shock absorbers, damping systems for automotive and rail); Industrial Process (industrial pumps, valves, monitoring systems, and aftermarket services); and Connect & Control Technologies (connectors, cable assemblies, and control components for aerospace, defense, and industrial applications). ITT serves global customers across approximately 125 countries with a balanced portfolio generating recurring revenue through OEM platforms and aftermarket services.
Summary from 10-K filed 2026-02-09
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 3,939 | 3,631 | 3,283 | 2,988 | 2,765 | |
| Costs of revenue | 2,546 | 2,381 | 2,173 | 2,065 | 1,866 | |
| Gross profit | 1,392 | 1,249 | 1,110 | 922 | 900 | |
| General and administrative expenses | 368 | 297 | 294 | 217 | 231 | |
| Sales and marketing expenses | 229 | 206 | 174 | 157 | 151 | |
| Research and development expenses | 111 | 116 | 103 | 97 | 95 | |
| (Gain) loss on sale of businesses | 0 | 48 | −8 | 0 | — | |
| Operating income | 685 | 678 | 531 | 468 | 504 | |
| Interest expense | 48 | 37 | 19 | 11 | — | |
| Interest income | 11 | 7 | 9 | 5 | — | |
| Other non-operating income, net | −4 | −2 | −2 | −200,000 | −4 | |
| Income from continuing operations before income tax | 652 | 650 | 522 | 462 | 509 | |
| Income tax expense | 160 | 126 | 105 | 91 | 190 | |
| Income from continuing operations | 491 | 523 | 416 | 371 | 320 | |
| Loss from discontinued operations, net of tax benefit of $0.0, $0.0, and $0.3, respectively | −100,000 | −100,000 | −900,000 | −1 | 2 | |
| Net income | 491 | 523 | 416 | 369 | 321 | |
| Less: Income attributable to noncontrolling interests | 3 | 3 | 3 | 2 | 5 | |
| Net income attributable to ITT Inc. | 488 | 520 | 412 | 367 | 316 | |
| Income from continuing operations, net of tax | 488 | 520 | 413 | 368 | 315 | |
| Continuing operations | 6.15 | 6.36 | 5.02 | 4.42 | 3.66 | |
| Discontinued operations | 0 | 0 | −0.01 | −0.02 | 0.02 | |
| Net income (per share) | 6.15 | 6.36 | 5.01 | 4.4 | 3.68 | |
| Continuing operations | 6.11 | 6.32 | 5 | 4.4 | 3.64 | |
| Discontinued operations | 0 | 0 | −0.02 | −0.02 | 0.02 | |
| Net income (per share) | 6.11 | 6.32 | 4.98 | 4.38 | 3.66 | |
| Weighted average common shares basic | 79 | 82 | 82 | 83 | 86 | |
| Weighted average common shares diluted | 80 | 82 | 83 | 84 | 87 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,743 | 439 | 489 | 561 | 648 | |
| Receivables, net | 756 | 703 | 675 | 629 | 555 | |
| Inventories | 672 | 612 | 575 | 534 | 431 | |
| Other current assets | 183 | 131 | 118 | 113 | 89 | |
| Total current assets | 3,354 | 1,886 | 1,858 | 1,837 | 1,722 | |
| Plant, property and equipment, net | 627 | 577 | 561 | 527 | 509 | |
| Goodwill(a) | 1,511 | 1,430 | 1,016 | 965 | 924 | |
| Other intangible assets, net | 433 | 454 | 117 | 113 | 86 | |
| Other non-current assets | 385 | 384 | 381 | 339 | 324 | |
| Total non-current assets | 2,956 | 2,846 | 2,075 | 1,944 | 1,843 | |
| Total assets | 6,310 | 4,731 | 3,933 | 3,780 | 3,565 | |
| Short-term borrowings | 261 | 428 | 188 | 451 | 198 | |
| Accounts payable | 465 | 458 | 437 | 401 | 373 | |
| Accrued and other current liabilities | 572 | 447 | 413 | 333 | 357 | |
| Total current liabilities | 1,298 | 1,333 | 1,038 | 1,186 | 928 | |
| Non-current maturities of long-term debt | 522 | 233 | 6 | — | — | |
| Postretirement benefits | 120 | 119 | 139 | 137 | 200 | |
| Other non-current liabilities | 279 | 261 | 211 | 200 | 207 | |
| Total non-current liabilities | 921 | 612 | 356 | 337 | 406 | |
| Total liabilities | 2,219 | 1,946 | 1,394 | 1,523 | 1,335 | |
| Common Stock: Authorized 250.0 shares, $1 par value per share, Issued and Outstanding 85.9 and 81.5, respectively | 86 | 82 | 82 | 83 | 86 | |
| Capital in excess of par value | 1,314 | 0 | — | — | — | |
| Retained earnings | 2,987 | 3,116 | 2,778 | 2,510 | 2,462 | |
| Postretirement benefits | 0 | 3 | −2 | 4 | −41 | |
| Cumulative translation adjustments | −303 | −422 | −330 | −348 | −281 | |
| Total accumulated other comprehensive loss | −303 | −418 | −332 | −344 | — | |
| Total ITT Inc. shareholders' equity | 4,084 | 2,779 | 2,528 | 2,248 | 2,226 | |
| Noncontrolling interests | 7 | 7 | 11 | 9 | 5 | |
| Total shareholders equity | 4,091 | 2,786 | 2,554 | 2,270 | 2,231 | |
| Total liabilities and shareholders equity | 6,310 | 4,731 | 3,933 | 3,780 | 3,565 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 143 | 137 | 109 | 107 | 113 | |
| Equity-based compensation | 36 | 26 | 20 | 18 | 17 | |
| Deferred income tax expense (benefit) | 5 | −21 | −28 | 3 | 116 | |
| Other non-cash charges, net | 34 | 31 | 29 | 29 | 28 | |
| Change in receivables | −10 | −43 | −39 | −91 | −62 | |
| Change in inventories | −25 | 0 | −37 | −100 | −83 | |
| Change in contract assets | −16 | −8 | −300,000 | −7 | −3 | |
| Change in contract liabilities | 42 | −900,000 | 23 | 23 | −4 | |
| Change in accounts payable | −19 | 2 | 26 | 39 | 78 | |
| Change in accrued expenses | 56 | −11 | 48 | −37 | 16 | |
| Change in income taxes | −16 | −2 | 6 | −14 | 8 | |
| Other, net | −50 | −21 | −41 | −47 | −68 | |
| Net Cash Operating activities | 669 | 563 | 538 | 278 | −8 | |
| Capital expenditures | −121 | −124 | −108 | −104 | −88 | |
| Proceeds from government incentives | 8 | 0 | 0 | — | — | |
| Proceeds from sale of business | 0 | 178 | 12 | 0 | 0 | |
| Acquisitions, net of cash acquired | −7 | −865 | −79 | −147 | 0 | |
| Payments to acquire interest in unconsolidated subsidiaries | −2 | −3 | −3 | −26 | −2 | |
| Other, net | 2 | −5 | −3 | 400,000 | 0 | |
| Net Cash Investing activities | −120 | −818 | −181 | −255 | −82 | |
| Commercial paper, net borrowings | −212 | 240 | −266 | 260 | 95 | |
| Long-term debt issued, net of debt issuance costs | 749 | 764 | 0 | 0 | 0 | |
| Long-term debt repayments | −462 | −537 | −2 | −2 | −2 | |
| Share repurchases under repurchase plan | −521 | −105 | −60 | −245 | −105 | |
| Payments for taxes related to net share settlement of stock incentive plans | −14 | −14 | −7 | −9 | −12 | |
| Dividends paid | −111 | −105 | −96 | −88 | −76 | |
| Proceeds from issuance of common stock | 1,314 | 0 | 0 | — | 1 | |
| Other, net | −14 | −8 | −1 | 1 | −500,000 | |
| Net Cash Financing activities | 729 | 235 | −432 | −83 | −100 | |
| Exchange rate effects on cash and cash equivalents | 26 | −29 | 4 | −26 | −23 | |
| Net cash from discontinued operations operating activities | −500,000 | −500,000 | −300,000 | 100,000 | 800,000 | |
| Net change in cash and cash equivalents | 1,304 | −50 | −72 | −86 | −212 | |
| Cash paid for Interest | 42 | 33 | 16 | 11 | 3 | |
| Cash paid for Income taxes, net of refunds received | 152 | 129 | 113 | 93 | 61 | |
| Capital expenditures included in accounts payable | 17 | 31 | 25 | 22 | 18 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ITT INC.'s CIK number?
ITT INC.'s SEC CIK number is 0000216228 (216228). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ITT INC.'s SEC filings?
All of ITT INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ITT INC. last report earnings?
ITT INC. (ITT) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000216228-26-000034). This is ITT INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ITT INC.'s most recent earnings 8-K?
ITT INC.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0000216228-26-000034. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ITT INC.'s latest earnings 8-K →
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