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ITT ITT Connect & Control Technologies — Intangible amortization

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Other financials

Income statement

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Revenue$1.2B+32.7%
Gross profit$428.8M+32.7%
Operating income$141.2M-6.4%
Net income$78.0M-28.0%
EPS (diluted)$0.89-33.1%

Balance sheet

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Cash & equivalents$600.8M+36.6%
Total debt$3.5B+321%
Total equity$4.7B+70.5%
Total assets$11.1B+130%

Cash flow

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Operating cash flow$39.9M-64.8%
CapEx$26.1M-29.1%
Free cash flow$13.8M-82.0%

Valuation

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Market cap$17.51B+36.9%
Enterprise value$20.41B+51.4%
P/E38.3×+13.6×
P/S4.1×+0.7×

Profitability

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Gross margin35.5%+0.5pp
Operating margin15.9%-2.8pp
Net margin10.8%-3.4pp
FCF margin11.4%-1.9pp

Returns & leverage

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Return on equity12.2%-7.1pp
Debt / equity0.7×+0.4×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by ITT in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfIntangibleAssets.

The official record: ITT’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ITT's connect & control technologies — intangible amortization?
ITT (ITT) reported connect & control technologies — intangible amortization of $3.4M in Q1 2026.
What does connect & control technologies — intangible amortization mean?
Represents the systematic allocation of the cost of intangible assets, such as patents or acquired customer relationships, over their useful lives within the segment. This is a non-cash expense that reflects the consumption of the economic value of acquired intellectual property.