ILLINOIS TOOL WORKS INC

Listed Company

ITWCIK 0000049826NYSELarge AcceleratedGeneral Industrial Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$16.04B

Net Income

$3.07B

Total Assets

$16.15B

Equity

$3.23B

Shares Out

287.70M

Op. Cash Flow

$3.13B

ITW$275.93+7.02% · past yearDBEQ Basic

Daily closing prices

Business

Illinois Tool Works Inc. (ITW) is a global manufacturer of diversified industrial products and equipment operating 88 divisions across 49 countries. The company produces components, fasteners, food service equipment, welding equipment, test & measurement solutions, adhesives, construction fastening systems, and specialty products for automotive, food service, electronics, industrial, and construction end markets. ITW operates through seven reportable segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products, distributing primarily through direct sales to manufacturers and independent distributors.

Summary from 10-K filed 2026-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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
Operating Revenue	16,044	15,898	16,107	15,932	14,455
Cost of revenue	8,969	8,858	9,316	9,429	8,489
Selling, administrative, and research and development expenses	2,779	2,675	2,638	2,579	2,356
Amortization and impairment of intangible assets	80	101	113	134	133
Operating Income	4,216	4,264	4,040	3,790	3,477
Interest expense	−292	−283	−266	−203	—
Other income (expense)	42	441	49	255	—
Income Before Taxes	3,966	4,422	3,823	3,842	3,326
Income taxes	900	934	866	808	632
Net Income	3,066	3,488	2,957	3,034	2,694
Basic (in dollars per share)	10.52	11.75	9.77	9.8	8.55
Diluted (in dollars per share)	10.49	11.71	9.74	9.77	8.51

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	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 equivalents	851	948	1,065	708	1,527
Trade receivables	3,227	2,991	3,123	3,171	2,840
Inventories	1,659	1,605	1,707	2,054	1,694
Prepaid expenses and other current assets	463	312	340	329	313
Total current assets	6,200	5,856	6,235	6,270	6,374
Net plant and equipment	2,230	2,036	1,976	1,848	1,809
Goodwill	5,098	4,839	4,909	4,864	4,965
Intangible assets	591	592	657	768	972
Deferred income taxes	519	369	479	494	552
Other assets	1,510	1,375	1,262	1,178	1,405
Total assets	16,148	15,067	15,518	15,422	16,077
Short-term debt	2,286	1,555	1,825	1,590	778
Accounts payable	522	519	581	594	585
Accrued expenses	1,636	1,576	1,663	1,728	1,648
Cash dividends payable	465	441	419	—	—
Income taxes payable	217	217	187	147	77
Total current liabilities	5,126	4,308	4,675	4,460	3,470
Long-term debt	6,683	6,308	6,339	6,173	6,909
Deferred income taxes	154	119	326	484	654
Other liabilities	959	1,015	1,014	943	1,053
Total noncurrent liabilities	7,796	7,442	7,830	7,873	8,981
Common stock (Authorized- 700.0 shares; par value of $0.01 per share): Issued- 550.0 shares in 2025 and 2024 Outstanding- 288.6 shares in 2025 and 294.0 shares in 2024	6	6	6	6	6
Additional paid-in-capital	1,771	1,669	1,588	1,501	1,432
Retained earnings	30,150	28,893	27,122	25,799	24,325
Common stock held in treasury	−26,875	−25,375	−23,870	−22,377	−20,636
Accumulated other comprehensive income (loss)	−1,827	−1,877	−1,834	−1,841	−1,502
Noncontrolling interest	1	1	1	1	1
Total stockholders' equity	3,226	3,317	3,013	3,089	3,626
Total liabilities and stockholders' equity	16,148	15,067	15,518	15,422	16,077

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	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	317	301	282	276	277
Change in deferred income taxes	−17	−176	−88	−150	−148
Provision for uncollectible accounts	5	−1	6	5	3
(Income) loss from investments	0	0	−2	−9	—
(Gain) loss on sale of plant and equipment	3	0	−1	−1	0
(Gain) loss on sale of operations and affiliates	0	0	−1	−191	0
Gain on sale of noncontrolling interest in Wilsonart International Holdings LLC	0	−363	0	0	—
Stock-based compensation expense	69	61	69	63	53
Cumulative effect of change in inventory accounting method	0	−117	0	0	—
Other non-cash items, net	9	6	−4	5	13
Trade receivables	−92	34	64	−461	−240
Inventories	34	176	360	−455	−450
Prepaid expenses and other assets	−136	−41	−26	−19	−36
Accounts payable	−29	−43	−14	35	37
Accrued expenses and other liabilities	−48	−74	−102	119	202
Income taxes	−135	−70	−72	−35	49
Other, net	0	−1	−2	−2	−1
Net cash provided by operating activities	3,126	3,281	3,539	2,348	2,557
Acquisition of businesses (excluding cash and equivalents)	−119	−115	0	−2	−731
Additions to plant and equipment	−419	−437	−455	−412	−296
Proceeds from investments	7	11	27	12	38
Proceeds from sale of plant and equipment	11	12	20	15	8
Proceeds from sale of operations and affiliates	1	0	7	—	—
Proceeds from sale of noncontrolling interest in Wilsonart International Holdings LLC	0	395	0	0	—
Other, net	−2	−10	−2	−1	−3
Net cash provided by (used for) investing activities	−521	−144	−403	−110	−984
Cash dividends paid	−1,785	−1,695	−1,615	−1,542	−1,463
Issuance of common stock	65	52	53	29	50
Repurchases of common stock	−1,500	−1,500	−1,500	−1,750	−1,000
Net proceeds from (repayments of) debt with original maturities of three months or less	508	312	−452	796	120
Proceeds from debt with original maturities of more than three months	0	1,606	1,425	593	90
Repayments of debt with original maturities of more than three months	0	−1,926	−679	−1,113	−351
Other, net	−32	−38	−14	−13	−10
Net cash provided by (used for) financing activities	−2,744	−3,189	−2,782	−3,000	−2,564
Effect of Exchange Rate Changes on Cash and Equivalents	42	−65	3	−57	−46
Increase (decrease) during the year	−97	−117	357	−819	−1,037
Cash Paid During the Year for Interest	279	248	260	199	197
Cash Paid During the Year for Income Taxes, Net of Refunds	1,052	1,180	1,026	993	731

Filings

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Frequently asked questions

What is ILLINOIS TOOL WORKS INC's CIK number?

ILLINOIS TOOL WORKS INC's SEC CIK number is 0000049826 (49826). 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 ILLINOIS TOOL WORKS INC's SEC filings?

All of ILLINOIS TOOL WORKS 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 ILLINOIS TOOL WORKS INC last report earnings?

ILLINOIS TOOL WORKS INC (ITW) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000049826-26-000025). This is ILLINOIS TOOL WORKS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is ILLINOIS TOOL WORKS INC's most recent earnings 8-K?

ILLINOIS TOOL WORKS INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000049826-26-000025. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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