← ILLINOIS TOOL WORKS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $13.6b |
$14.3b
+5.26%
|
$14.8b
+3.17%
|
$14.1b
-4.46%
|
$12.6b
-10.88%
|
$14.5b
+14.96%
|
$15.9b
+10.22%
|
$16.1b
+1.10%
|
$15.9b
-1.30%
|
$16.0b
+0.92%
|
$16.5b
+2.65%
|
|
| Cost of Revenue | $7.9b |
$8.3b
+5.23%
|
$8.6b
+3.55%
|
$8.2b
-4.85%
|
$7.4b
-9.92%
|
$8.5b
+15.11%
|
$9.4b
+11.07%
|
$9.3b
-1.20%
|
$8.9b
-4.92%
|
$9.0b
+1.25%
|
$9.2b
+2.53%
|
|
| Gross Profit (Calculated) | $5.7b |
$6.0b
+5.30%
|
$6.2b
+2.65%
|
$5.9b
-3.93%
|
$5.2b
-12.21%
|
$6.0b
+14.75%
|
$6.5b
+9.00%
|
$6.8b
+4.43%
|
$8.3b
+22.13%
|
$8.5b
+2.34%
|
— | |
| Research and Development Expense | $223.0m | $225.0m | $233.0m | $221.0m | $214.0m | $239.0m | $269.0m | $284.0m | $292.0m | $302.0m | — | |
| Operating Income (Loss) | $3.1b |
$3.5b
+14.03%
|
$3.6b
+2.58%
|
$3.4b
-5.08%
|
$2.9b
-15.29%
|
$3.5b
+20.65%
|
$3.8b
+9.00%
|
$4.0b
+6.60%
|
$4.3b
+5.54%
|
$4.2b
-1.13%
|
$4.4b
+3.51%
|
|
| Interest Expense | $237.0m | $260.0m | $257.0m | $221.0m | $206.0m | $202.0m | $203.0m | $266.0m | — | — | $302.0m | |
| Investment Income, Interest | $38.0m | $45.0m | $35.0m | $29.0m | $17.0m | $12.0m | $22.0m | $51.0m | $44.0m | $40.0m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $9.0m | ($25.0m) | ($1.0m) | ($10.0m) | ($5.0m) | ($9.0m) | ($7.0m) | ($39.0m) | $7.0m | ($35.0m) | — | |
| Gain (Loss) on Investments | ($13.0m) | $16.0m | $9.0m | $15.0m | $8.0m | $29.0m | $9.0m | $2.0m | $0 | $0 | — | |
| Gain (Loss) Related to Litigation Settlement | — | $95.0m | $0 | $0 | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | ($2.0m) | ($1.0m) | $6.0m | $5.0m | ($5.0m) | ($4.0m) | ($1.0m) | $1.0m | ($1.0m) | ($5.0m) | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $283.0m | $292.0m | $302.0m | |
| Income (Loss) from Equity Method Investments | $61.0m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Nonoperating Income (Expense) | $81.0m | $36.0m | $67.0m | $107.0m | $28.0m | $51.0m | $255.0m | $49.0m | $441.0m | $42.0m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $1.7b | $1.8b | $1.8b | $1.8b | $1.4b | $1.7b | $2.1b | $2.0b | $2.6b | $2.4b | $4.1b | |
| Income Tax Expense (Benefit) | $873.0m | $1.6b | $831.0m | $767.0m | $595.0m | $632.0m | $808.0m | $866.0m | $934.0m | $900.0m | $926.0m | |
| Earnings Per Share, Basic | $5.73 | $4.90 | $7.65 | $7.78 | $6.66 | $8.55 | $9.80 | $9.77 | $11.75 | $10.52 | $11.06 | |
| Earnings Per Share, Diluted | $5.70 | $4.86 | $7.60 | $7.74 | $6.63 | $8.51 | $9.77 | $9.74 | $11.71 | $10.49 | $11.04 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $6 | $5 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $6 | $5 | — | — | — | — | — | — | — | — | — | |
| Common Stock, Dividends, Per Share, Declared | $2.40 | $2.86 | $3.56 | $4.14 | $4.42 | $4.72 | $5.06 | $5.42 | $5.80 | $6.22 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 355.0m | 344.1m | 335.0m | 323.9m | 316.9m | 315.1m | 309.6m | 302.6m | 296.8m | 291.5m | 288.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 357.1m | 346.8m | 337.1m | 325.6m | 318.3m | 316.4m | 310.7m | 303.6m | 297.8m | 292.3m | 289.5m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2.0b | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.