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Illinois Tool Works ITW Total Cost of Revenue

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Segments

By segment

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Automotive OEM$442M+1.6%
Test & Measurement and Electronics$309M+9.6%
Food Equipment$298M+4.9%
Welding$227M+6.1%
Construction Products$206M+3.0%
Polymers and Fluids$205M

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%
Net income$768.0M+9.7%
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:CostOfGoodsAndServicesSold.

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 total cost of revenue?
Illinois Tool Works (ITW) reported total cost of revenue of $2.26B in Q1 2026.
How has Illinois Tool Works's total cost of revenue changed year-over-year?
Illinois Tool Works's total cost of revenue increased by 4.4% year-over-year, from $2.16B to $2.26B.
What is the long-term trend for Illinois Tool Works's total cost of revenue?
Over 4 years (2021 to 2025), Illinois Tool Works's total cost of revenue has grown at a 1.4% compound annual growth rate (CAGR), from $8.49B to $8.97B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.