ITW
Income statement / Annual
Last year (2024), Illinois Tool Works Inc.'s total revenue was $15.90 B,
a decrease of 1.30% from the previous year.
In 2024, Illinois Tool Works Inc.'s net income was $3.49 B.
See Illinois Tool Works Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$15.90 B |
$16.11 B |
$15.93 B |
$14.46 B |
$12.57 B |
$14.11 B |
$14.77 B |
$14.31 B |
$13.60 B |
$13.41 B |
| Cost of Revenue |
$8.86 B
|
$9.32 B
|
$9.43 B
|
$8.49 B
|
$7.38 B
|
$8.19 B
|
$8.60 B
|
$8.31 B
|
$7.90 B
|
$7.89 B
|
| Gross Profit |
$7.04 B
|
$6.79 B
|
$6.50 B
|
$5.97 B
|
$5.20 B
|
$5.92 B
|
$6.16 B
|
$6.01 B
|
$5.70 B
|
$5.52 B
|
| Gross Profit Ratio |
0.44
|
0.42
|
0.41
|
0.41
|
0.41
|
0.42
|
0.42
|
0.42
|
0.42
|
0.41
|
| Research and Development Expenses |
$2.68 B
|
$284.00 M
|
$2.58 B
|
$2.36 B
|
$2.16 B
|
$2.36 B
|
$2.39 B
|
$2.40 B
|
$2.42 B
|
$2.42 B
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$2.40 B
|
$2.42 B
|
$2.42 B
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$0.00
|
$2.35 B
|
$2.58 B
|
$2.36 B
|
$2.16 B
|
$2.36 B
|
$2.39 B
|
$2.40 B
|
$2.42 B
|
$2.42 B
|
| Other Expenses |
$101.00 M
|
$113.00 M
|
-$2.45 B
|
$133.00 M
|
$154.00 M
|
$159.00 M
|
$67.00 M
|
$36.00 M
|
$81.00 M
|
$78.00 M
|
| Operating Expenses |
$2.78 B
|
$2.75 B
|
$2.71 B
|
$2.49 B
|
$2.32 B
|
$2.52 B
|
$2.58 B
|
$2.61 B
|
$2.64 B
|
$2.65 B
|
| Cost And Expenses |
$11.63 B
|
$12.07 B
|
$12.14 B
|
$10.98 B
|
$9.69 B
|
$10.71 B
|
$11.18 B
|
$10.92 B
|
$10.54 B
|
$10.54 B
|
| Interest Income |
$44.00 M
|
$51.00 M
|
$22.00 M
|
$12.00 M
|
$17.00 M
|
$29.00 M
|
$35.00 M
|
$45.00 M
|
$38.00 M
|
$52.00 M
|
| Interest Expense |
$283.00 M
|
$266.00 M
|
$203.00 M
|
$202.00 M
|
$206.00 M
|
$221.00 M
|
$257.00 M
|
$260.00 M
|
$237.00 M
|
$226.00 M
|
| Depreciation & Amortization |
$402.00 M
|
$395.00 M
|
$410.00 M
|
$410.00 M
|
$427.00 M
|
$426.00 M
|
$461.00 M
|
$462.00 M
|
$470.00 M
|
$231.00 M
|
| EBITDA |
$5.11 B |
$4.48 B |
$4.24 B |
$3.91 B |
$3.32 B |
$3.85 B |
$4.07 B |
$3.86 B |
$3.53 B |
$3.42 B |
| EBITDA Ratio |
0.32
|
0.28
|
0.26
|
0.25
|
0.24
|
0.26
|
0.26
|
0.25
|
0.25
|
0.24
|
| Operating Income Ratio |
0.27
|
0.25
|
0.24
|
0.24
|
0.23
|
0.24
|
0.24
|
0.24
|
0.23
|
0.21
|
| Total Other Income/Expenses Net |
$158.00 M
|
-$217.00 M
|
$52.00 M
|
-$151.00 M
|
-$178.00 M
|
-$114.00 M
|
-$190.00 M
|
-$215.00 M
|
-$156.00 M
|
-$148.00 M
|
| Income Before Tax |
$4.42 B
|
$3.82 B
|
$3.84 B
|
$3.33 B
|
$2.70 B
|
$3.29 B
|
$3.39 B
|
$3.27 B
|
$2.91 B
|
$2.72 B
|
| Income Before Tax Ratio |
0.28
|
0.24
|
0.24
|
0.23
|
0.22
|
0.23
|
0.23
|
0.23
|
0.21
|
0.2
|
| Income Tax Expense |
$934.00 M
|
$866.00 M
|
$808.00 M
|
$632.00 M
|
$595.00 M
|
$767.00 M
|
$831.00 M
|
$1.58 B
|
$873.00 M
|
$820.00 M
|
| Net Income |
$3.49 B
|
$2.96 B
|
$3.03 B
|
$2.69 B
|
$2.11 B
|
$2.52 B
|
$2.56 B
|
$1.69 B
|
$2.04 B
|
$1.90 B
|
| Net Income Ratio |
0.22
|
0.18
|
0.19
|
0.19
|
0.17
|
0.18
|
0.17
|
0.12
|
0.15
|
0.14
|
| EPS |
11.78 |
9.77 |
9.8 |
8.55 |
6.66 |
7.78 |
7.65 |
4.9 |
5.73 |
5.16 |
| EPS Diluted |
11.74 |
9.74 |
9.77 |
8.51 |
6.63 |
7.74 |
7.6 |
4.86 |
5.7 |
5.13 |
| Weighted Average Shares Out |
$296.10 M
|
$302.60 M
|
$309.60 M
|
$315.10 M
|
$316.90 M
|
$323.90 M
|
$335.00 M
|
$344.10 M
|
$355.00 M
|
$367.90 M
|
| Weighted Average Shares Out Diluted |
$297.00 M
|
$303.60 M
|
$310.70 M
|
$316.40 M
|
$318.30 M
|
$325.60 M
|
$337.10 M
|
$346.80 M
|
$357.10 M
|
$370.10 M
|
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