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Illinois Tool Works ITW Welding — Overhead expenses

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$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
Automotive OEM$211$206$416$406
Food Equipment182178364355
Test & Measurement and Electronics241227483458
Welding117105234210
Polymers & Fluids113109229219
Construction Products122118239231
Specialty Products103100204199
Total segments$1,089$1,043$2,169$2,078

ITEM 1. Financial Statements

FAQ

What is Illinois Tool Works's welding — overhead expenses?
Illinois Tool Works (ITW) reported welding — overhead expenses of $117M in Q2 2026.
How has Illinois Tool Works's welding — overhead expenses changed year-over-year?
Illinois Tool Works's welding — overhead expenses increased by 11.4% year-over-year, from $105M to $117M.
What is the long-term trend for Illinois Tool Works's welding — overhead expenses?
Over 3 years (2022 to 2025), Illinois Tool Works's welding — overhead expenses has grown at a 4.7% compound annual growth rate (CAGR), from $375M to $430M.
What does welding — overhead expenses mean?
This includes the fixed and semi-fixed costs required to support the welding segment's operations, such as administrative salaries, facility costs, and general management expenses. It reflects the structural cost base required to maintain the segment's business activities.

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