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Segments

By segment

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Automotive OEM$857M+1.4%
Test & Measurement and Electronics$769M+12.1%
Food Equipment$692M+1.8%
Welding$549M+14.6%
Construction Products$494M+4.4%
Polymers & Fluids$476M+8.7%

By geography

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North America$8.48B-0.6%
EMEA$4.16B+1.5%
Asia Pacific$3.08B+4.0%
Canada And Mexico$1.09B-6.1%
South America$323M+5.6%

Other financials

Income statement

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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$83.88B+12.0%
Enterprise value$92.73B+13.4%
P/E26.3×+4.0×
P/S5.1×+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 millions except per share amountsThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Operating Revenue$4,301$4,053$8,317$7,892
Cost of revenue2,4032,2714,6594,432
Selling, administrative, and research and development expenses7356931,4571,399
Amortization and impairment of intangible assets16213442
Operating Income1,1471,0682,1672,019
Interest expense(79)(74)(152)(142)
Other income (expense)1243216
Income Before Taxes1,0809982,0471,893

ITEM 1. Financial Statements

FAQ

What is Illinois Tool Works's total revenue?
Illinois Tool Works (ITW) reported total revenue of $4.3B in Q2 2026.
How has Illinois Tool Works's total revenue changed year-over-year?
Illinois Tool Works's total revenue increased by 6.1% year-over-year, from $4.05B to $4.3B.
What is the long-term trend for Illinois Tool Works's total revenue?
Over 4 years (2021 to 2025), Illinois Tool Works's total revenue has grown at a 2.6% compound annual growth rate (CAGR), from $14.46B to $16.04B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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