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Other financials

Income statement

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Revenue$4.0B+4.6%
Gross profit$1.8B+4.9%
Operating income$1.0B+7.3%
EPS (diluted)$2.66+11.8%

Balance sheet

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Cash & equivalents$827.0M-5.3%
Total debt$6.6B-9.3%
Total assets$16.3B+5.1%

Cash flow

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Operating cash flow$623.0M+5.2%
CapEx$95.0M-1.0%
Free cash flow$528.0M+6.5%

Valuation

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Market cap$77.85B+10.3%
Enterprise value$83.63B+8.6%
P/E24.8×+3.9×
P/S4.8×+0.3×

Profitability

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Gross margin44.1%+0.4pp
Operating margin26.4%+0.5pp
Net margin19.3%-2.1pp
FCF margin16.9%-1.2pp

Returns & leverage

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Current ratio1.2×-0.4×

Where this comes from

Reported directly by Illinois Tool Works in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The official record: Illinois Tool Works’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illinois Tool Works's net income?
Illinois Tool Works (ITW) reported net income of $768M in Q1 2026.
How has Illinois Tool Works's net income changed year-over-year?
Illinois Tool Works's net income increased by 9.7% year-over-year, from $700M to $768M.
What is the long-term trend for Illinois Tool Works's net income?
Over 4 years (2021 to 2025), Illinois Tool Works's net income has grown at a 3.3% compound annual growth rate (CAGR), from $2.69B to $3.07B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.