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ITT Income Statement

Revenue, expenses, and profitability over time

ITT generated $4.2B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $457.6M with a 10.8% net margin. Gross margin stands at 35.51% and operating margin at 15.92%. Diluted EPS is $5.68, which declined 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.2BGross Profit (TTM)$1.5BOperating Income (TTM)$674.8MNet Income (TTM)$457.6MEps Diluted (TTM)$5.68
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$17.4B
P/E Ratio38.10
ROE12.17%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$6.1M$7.9M$9.3M$10.2M$8.8M$9M
Amortization of Finite-Lived Intangible Assets—$14M———$26.7M
Share-Based Compensation Expense$6.1M$7.9M$9.3M$10.2M$8.8M$9M
Amortization expense—$14M———$26.7M
Depreciation and amortization$36.6M$14M$35.5M$35.2M$35.3M$26.7M
General and administrative$74M$85.1M$85.7M$89.8M$107.6M$154.1M
Stock-based compensation expense$6.1M$7.9M$9.3M$10.2M$8.8M$9M
Research and development$28M$25.3M$29M$28.1M$26.8M$33.1M
Selling and marketing$54.5M$47.9M$57M$57.5M$61M$73.7M
Share-Based Compensation$6.1M$7.9M$9.3M$10.2M$8.8M$9M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Income Taxes$21.8M$17.6M$51.6M$46.7M$35.7M$30.8M
Income Taxes Paid, Net$21.8M$17.6M$51.6M$46.7M$35.7M$30.8M
Income tax expense$22.2M$35.2M$42.5M$44.3M$38.1M$49.3M
Income Taxes Paid, Net$21.8M$17.6M$51.6M$46.7M$35.7M$30.8M
Income and Other Taxes$21.8M$17.6M$51.6M$46.7M$35.7M$30.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Interest$12.1M$9.1M$11.8M$10.5M$10.3M$30.3M
Other Charges—$1M-$700K$2.9M$1.2M$1.9M
Interest expense$11.5M$9.3M$12.6M$11.7M$14.5M$24.7M
Interest income$1.7M$2.7M$2.7M$2.7M$2.7M—
Change in Accounts Payable$13.2M$16.5M-$25.8M-$10M$0$54.9M
Change in Receivables—$43.2M$8.4M$16.4M—$82.5M
Other income (expense), net$5.6M$1M-$700K$2.9M$1.2M$1.9M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends$26M$28.7M$27.5M$27.3M$27.5M$35M
Common Stock Dividends$26M$28.7M$27.5M$27.3M$27.5M$35M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.56$1.33$1.53$1.63$1.66$0.89
Diluted earnings per share$1.55$1.33$1.52$1.62$1.65$0.89
Weighted-average shares, basic81.8M81.3M79M78M79.4M87.2M
Weighted-average shares, diluted82.3M81.7M79.4M78.4M79.9M87.8M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$316.4M$323.2M$346.8M$355.2M$374.1M$428.8M
Operating income$159.9M$150.9M$175.1M$179.8M$178.7M$141.2M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$149.7M$144.3M$164.2M$172.5M$170.5M$128.8M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income Taxes Paid, Net$21.8M$17.6M$51.6M$46.7M$35.7M$30.8M
Interest Paid, Net$12.1M$9.1M$11.8M$10.5M$10.3M$30.3M
Amortization of capitalized software and acquired intangible assets—$14M———$26.7M
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent$126.9M$108.4M$121M$127M$131.7M$78M
Income Taxes Paid, Net$21.8M$17.6M$51.6M$46.7M$35.7M$30.8M
Accounts payable$13.2M$16.5M-$25.8M-$10M$0$54.9M
Accrued liabilities—-$31.7M$23.3M$27.3M$37.2M-$47.5M
Increase (Decrease) in Inventories-$4.7M$5.6M$6.3M$2.1M$10.6M$48.1M
Increase Decreasein Accruedand Deferred Income Taxes—$11.8M-$16.4M-$4.8M—$12.2M
Interest income—$1.7M$2.4M$1.5M—$10.4M
Interest Paid, Excluding Capitalized Interest, Operating Activity$12.1M$9.1M$11.8M$10.5M$10.3M$30.3M
Net Cash Provided By Used In Operating Activities Continuing Operations$223.2M$113.4M$153.7M$173.9M$227.8M$39.9M
Other income, net (Note 6)—$1M-$700K$2.9M$1.2M$1.9M
Payment for (Proceeds from) Other Investing Activity$0$2M$1.6M-$4.9M-$700K$600K
Payments for Repurchase of Common Stock$500K$100M$400.8M$100K$20.1M$100M
Payments of Ordinary Dividends, Common Stock$26M$28.7M$27.5M$27.3M$27.5M$35M
Payments to Acquire Businesses, Net of Cash Acquired—$1.9M——$6.6M$3.5B
Payments to Acquire Productive Assets$36.4M$36.8M$16.4M$27.7M$40.4M$26.1M
Debt issued (Note 13)$1.5M$0$748.8M$200K$0$2.9B
Financing — other$0-$700K$0-$5.7M-$7.8M-$2.1M
Net change in commercial paper$64.8M$291.8M-$317.6M-$29.3M-$157.2M$217.7M
Repayments of Long-Term Debt$236.1M$229.3M$131.2M$45.1M$56.4M$546.1M
Stock-based compensation$6.1M$7.9M$9.3M$10.2M$8.8M$9M
Cash Dividends, Common Stock$26M$28.7M$27.5M$27.3M$27.5M$35M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$612.6M$589.8M$625.6M$643.9M$679.9M$783.1M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$929M$913M$972.4M$999.1M$1.1B$1.2B