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Illinois Tool Works ITW Construction Products — Overhead expenses

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Test & Measurement and Electronics
$241M+6.2%
Automotive OEM
$211M+2.4%
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$182M+2.2%
Welding
$117M+11.4%
Polymers & Fluids
$113M+3.7%
Specialty Products
$103M+3.0%

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Other financials

Income statement

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Revenue$4.3B+6.1%
Gross profit$1.9B+6.5%
Operating income$1.1B+7.4%
Net income$815.0M+7.9%
EPS (diluted)$2.84+10.1%

Balance sheet

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Cash & equivalents$839.0M+6.5%
Total debt$9.7B+26.0%
Total assets$16.5B+2.8%

Cash flow

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Operating cash flow$723.0M+31.5%
CapEx$92.0M-8.9%
Free cash flow$631.0M+40.5%

Valuation

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Market cap$85.54B+14.0%
Enterprise value$94.39B+15.2%
P/E26.8×+4.5×
P/S5.2×+0.4×

Profitability

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Gross margin44.2%+0.4pp
Operating margin26.5%+0.5pp
Net margin19.4%-1.9pp
FCF margin17.7%+0.5pp

Returns & leverage

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Current ratio1.1×-0.5×

Where this comes from

Reported directly by Illinois Tool Works in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldOverhead.

The source filing: Illinois Tool Works’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 3:34 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000049826-26-000049
In millionsThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Test & Measurement and Electronics241227483458
Welding117105234210
Polymers & Fluids113109229219
Construction Products122118239231
Specialty Products103100204199
Total segments$1,089$1,043$2,169$2,078
Operating income:
Automotive OEM$185$180$358$331

ITEM 1. Financial Statements

FAQ

What is Illinois Tool Works's construction products — overhead expenses?
Illinois Tool Works (ITW) reported construction products — overhead expenses of $122M in Q2 2026.
How has Illinois Tool Works's construction products — overhead expenses changed year-over-year?
Illinois Tool Works's construction products — overhead expenses increased by 3.4% year-over-year, from $118M to $122M.
What is the long-term trend for Illinois Tool Works's construction products — overhead expenses?
Over 3 years (2022 to 2025), Illinois Tool Works's construction products — overhead expenses has grown at a -0.3% compound annual growth rate (CAGR), from $460M to $456M.
What does construction products — overhead expenses mean?
This represents the fixed or semi-fixed operating costs required to support the construction products segment that are not directly tied to the production of individual units. This includes administrative salaries, facility costs, and general management expenses.

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