ILLINOIS TOOL WORKS INC
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ITW Q2 2025 request
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| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue | 4,053 | 4,027 | +0.6% |
Show Business Segments breakouts |
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| Automotive OEM · Operating Segments | 845 | 815 | +3.7% |
| Construction Products · Operating Segments | 473 | 504 | -6.2% |
| Food Equipment · Operating Segments | 680 | 667 | +1.9% |
| Polymers & Fluids · Operating Segments | 438 | 454 | -3.5% |
| Polymers and Fluids [Member] · Operating Segments | 438 | 454 | -3.5% |
| Specialty Products · Operating Segments | 455 | 449 | +1.3% |
| Test & Measurement and Electronics · Operating Segments | 686 | 678 | +1.2% |
| Welding · Operating Segments | 479 | 466 | +2.8% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | 3 | 6 | -50.0% |
| Operating Segments | 4,056 | 4,033 | +0.6% |
| Cost of Revenue | 2,271 | 2,262 | +0.4% |
| Cost of Revenue | 1,914 | 1,919 | -0.3% |
Show Business Segments breakouts |
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| Automotive OEM · Operating Segments | 459 | 455 | +0.9% |
| Construction Products · Operating Segments | 210 | 236 | -11.0% |
| Food Equipment · Operating Segments | 313 | 309 | +1.3% |
| Polymers and Fluids [Member] · Operating Segments | 208 | 215 | -3.3% |
| Specialty Products · Operating Segments | 207 | 206 | +0.5% |
| Test & Measurement and Electronics · Operating Segments | 302 | 289 | +4.5% |
| Welding · Operating Segments | 215 | 209 | +2.9% |
| Operating Income | 1,068 | 1,054 | +1.3% |
Show Business Segments breakouts |
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| Automotive OEM · Operating Segments | 180 | 157 | +14.6% |
| Construction Products · Operating Segments | 145 | 148 | -2.0% |
| Food Equipment · Operating Segments | 189 | 180 | +5.0% |
| Polymers and Fluids [Member] · Operating Segments | 121 | 128 | -5.5% |
| Specialty Products · Operating Segments | 148 | 144 | +2.8% |
| Test & Measurement and Electronics · Operating Segments | 157 | 159 | -1.3% |
| Welding · Operating Segments | 159 | 153 | +3.9% |
Show Consolidation Items breakouts |
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| Operating Segments | 1,099 | 1,069 | +2.8% |
| Unallocated | -31 | -15 | -106.7% |
| Non-Operating Income (Expense) | 4 | 26 | -84.6% |
| Interest Expense | -74 | -75 | +1.3% |
| Income Tax Expense (Benefit) | 243 | 246 | -1.2% |
| Net Income | 755 | 759 | -0.5% |
Show Equity Components breakouts |
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| Retained Earnings | 755 | 759 | -0.5% |
| EPS (Basic) | 2.58 | 2.55 | +1.2% |
| EPS (Diluted) | 2.58 | 2.54 | +1.6% |
| Wtd Avg Shares (Basic) | 292.3 | 297.6 | -1.8% |
| Wtd Avg Shares (Diluted) | 292.9 | 298.5 | -1.9% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 788 | 862 | -8.6% |
| Receivables Net Current | 3,320 | 3,250 | +2.2% |
| Inventory | 1,710 | 1,819 | -6.0% |
| Prepaid Expenses & Other Current Assets | 416 | 325 | +28.0% |
| Total Current Assets | 6,234 | 6,256 | -0.4% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 2,177 | 2,011 | +8.3% |
| Goodwill | 5,038 | 4,910 | +2.6% |
| Deferred Tax Assets | 564 | 448 | +25.9% |
| Other Non-Current Assets | 1,477 | 1,311 | +12.7% |
| Total Assets | 16,048 | 15,577 | +3.0% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 558 | 641 | -12.9% |
| Current Liabilities | |||
| Debt Current | 1,242 | 2,044 | -39.2% |
| Accounts Payable | 613 | 576 | +6.4% |
| Accrued Liabilities | 1,544 | 1,615 | -4.4% |
| Dividends Payable Current | 437 | — | — |
| Accrued Income Taxes Current | 96 | 153 | -37.3% |
| Total Current Liabilities | 3,932 | 4,804 | -18.2% |
| Commercial Paper | 1.2 | 599 | -99.8% |
| Non-Current Liabilities | |||
| Long-Term Debt | 7,695 | 6,429 | +19.7% |
| Deferred Tax Liabilities | 144 | 381 | -62.2% |
| Other Non-Current Liabilities | 1,066 | 1,001 | +6.5% |
| Liabilities Noncurrent | 8,905 | 7,811 | +14.0% |
| Long-Term Debt (Q) | — | — | — |
Show Derivative Instruments Gain Loss By Hedging Relationship breakouts |
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| Net Investment Hedging · Senior Notes | 5 | — | — |
| Stockholders' Equity | |||
| Common Stock | 6 | 6 | 0.0% |
| Additional Paid In Capital Common Stock | 1,725 | 1,636 | +5.4% |
| Retained Earnings | 29,471 | 27,866 | +5.8% |
| Treasury Stock Common Value | -26,124 | -24,622 | -6.1% |
| Accumulated Other Comprehensive Income | -1,868 | -1,925 | +3.0% |
| Minority Interest | 1 | 1 | 0.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 3,211 | 2,962 | +8.4% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -1,868 | -1,925 | +3.0% |
| Additional Paid In Capital | 1,725 | 1,636 | +5.4% |
| Common Stock | 6 | 6 | 0.0% |
| Noncontrolling Interest | 1 | 1 | 0.0% |
| Retained Earnings | 29,471 | 27,866 | +5.8% |
| Treasury Stock Common | -26,124 | -24,622 | -6.1% |
| Total Liabilities & Equity | 16,048 | 15,577 | +3.0% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Stock-Based Compensation | 35 | 34 | +2.9% |
| Change in Inventory | -30 | -7 | -328.6% |
| Change in Prepaid & Other Assets | -63 | -42 | -50.0% |
| Net Cash from Operations | 1,142 | 1,276 | -10.5% |
| Investing Activities | |||
| Capital Expenditures | -197 | -211 | +6.6% |
| Other Investing Activities | -1 | -10 | +90.0% |
| Net Cash from Investing | -184 | -321 | +42.7% |
| Financing Activities | |||
| Share Repurchases | -750 | -750 | 0.0% |
| Net Cash from Financing | -1,151 | -1,125 | -2.3% |
| Supplemental | |||
| Income Taxes Paid | 662 | 637 | +3.9% |
| Interest Paid | 181 | 159 | +13.8% |
| Other Cash Flow | |||
| Net Change in Cash | -160 | -203 | +21.2% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.