ILLINOIS TOOL WORKS INC
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ITW Q1 2026 request
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/api/financials?ticker=ITW&year=2026&quarter=1
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 4,016 | 3,839 | +4.6% |
Show Business Segments breakouts |
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| Automotive OEM · Operating Segments | 820 | 786 | +4.3% |
| Construction Products · Operating Segments | 458 | 443 | +3.4% |
| Food Equipment · Operating Segments | 637 | 627 | +1.6% |
| Polymers & Fluids · Operating Segments | 452 | 429 | +5.4% |
| Polymers and Fluids [Member] · Operating Segments | 452 | 429 | +5.4% |
| Specialty Products · Operating Segments | 431 | 435 | -0.9% |
| Test & Measurement and Electronics · Operating Segments | 715 | 652 | +9.7% |
| Welding · Operating Segments | 507 | 472 | +7.4% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | 4 | 5 | -20.0% |
| Operating Segments | 4,020 | 3,844 | +4.6% |
| Cost of Revenue | 2,256 | 2,161 | +4.4% |
| Cost of Revenue | 1,887 | 1,821 | +3.6% |
Show Business Segments breakouts |
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| Automotive OEM · Operating Segments | 442 | 435 | +1.6% |
| Construction Products · Operating Segments | 206 | 200 | +3.0% |
| Food Equipment · Operating Segments | 298 | 284 | +4.9% |
| Polymers and Fluids [Member] · Operating Segments | 210 | 205 | +2.4% |
| Specialty Products · Operating Segments | 195 | 201 | -3.0% |
| Test & Measurement and Electronics · Operating Segments | 309 | 282 | +9.6% |
| Welding · Operating Segments | 227 | 214 | +6.1% |
| Operating Income | 1,020 | 951 | +7.3% |
Show Business Segments breakouts |
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| Automotive OEM · Operating Segments | 173 | 151 | +14.6% |
| Construction Products · Operating Segments | 135 | 130 | +3.8% |
| Food Equipment · Operating Segments | 157 | 166 | -5.4% |
| Polymers and Fluids [Member] · Operating Segments | 126 | 114 | +10.5% |
| Specialty Products · Operating Segments | 135 | 135 | 0.0% |
| Test & Measurement and Electronics · Operating Segments | 164 | 139 | +18.0% |
| Welding · Operating Segments | 163 | 153 | +6.5% |
Show Consolidation Items breakouts |
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| Operating Segments | 1,053 | 988 | +6.6% |
| Unallocated | -33 | -37 | +10.8% |
| Non-Operating Income (Expense) | 20 | 12 | +66.7% |
| Interest Expense | -73 | -68 | -7.4% |
| Income Tax Expense (Benefit) | 199 | 195 | +2.1% |
| Net Income | 768 | 700 | +9.7% |
Show Equity Components breakouts |
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| Retained Earnings | 768 | 700 | +9.7% |
| EPS (Basic) | 2.66 | 2.39 | +11.3% |
| EPS (Diluted) | 2.66 | 2.38 | +11.8% |
| Wtd Avg Shares (Basic) | 288.3 | 293.6 | -1.8% |
| Wtd Avg Shares (Diluted) | 289.1 | 294.5 | -1.8% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 827 | 873 | -5.3% |
| Receivables Net Current | 3,380 | 3,153 | +7.2% |
| Inventory | 1,726 | 1,663 | +3.8% |
| Prepaid Expenses & Other Current Assets | 402 | 348 | +15.5% |
| Total Current Assets | 6,335 | 6,037 | +4.9% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 2,230 | 2,085 | +7.0% |
| Goodwill | 5,083 | 4,903 | +3.7% |
| Deferred Tax Assets | 505 | 440 | +14.8% |
| Other Non-Current Assets | 1,537 | 1,431 | +7.4% |
| Total Assets | 16,264 | — | — |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 574 | 572 | +0.3% |
| Current Liabilities | |||
| Debt Current | 2,545 | — | — |
Show Debt Instrument breakouts |
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| 2.65% Notes Due November 15, 2026 | 999 | — | — |
| Accounts Payable | 609 | 594 | +2.5% |
| Accrued Liabilities | 1,534 | 1,477 | +3.9% |
| Dividends Payable Current | 463 | 439 | +5.5% |
| Accrued Income Taxes Current | 180 | 289 | -37.7% |
| Total Current Liabilities | 5,331 | 3,780 | +41.0% |
| Commercial Paper | 1.5 | 981 | -99.8% |
| Non-Current Liabilities | |||
| Long-Term Debt | 6,603 | 7,282 | -9.3% |
| Deferred Tax Liabilities | 158 | 127 | +24.4% |
| Other Non-Current Liabilities | 942 | 1,037 | -9.2% |
| Liabilities Noncurrent | 7,703 | 8,446 | -8.8% |
| Long-Term Debt (Q) | — | — | — |
Show Derivative Instruments Gain Loss By Hedging Relationship breakouts |
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| Net Investment Hedging · Senior Notes | 4.9 | 4.6 | +6.5% |
| Stockholders' Equity | |||
| Common Stock | 6 | 6 | 0.0% |
| Additional Paid In Capital Common Stock | 1,817 | 1,705 | +6.6% |
| Retained Earnings | 30,454 | 29,154 | +4.5% |
| Treasury Stock Common Value | -27,246 | -25,746 | -5.8% |
| Accumulated Other Comprehensive Income | -1,802 | -1,878 | +4.0% |
| Minority Interest | 1 | 1 | 0.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 3,230 | 3,242 | -0.4% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -1,802 | -1,878 | +4.0% |
| Additional Paid In Capital | 1,817 | 1,705 | +6.6% |
| Common Stock | 6 | 6 | 0.0% |
| Noncontrolling Interest | 1 | 1 | 0.0% |
| Retained Earnings | 30,454 | 29,154 | +4.5% |
| Treasury Stock Common | -27,246 | -25,746 | -5.8% |
| Total Liabilities & Equity | 16,264 | 15,468 | +5.1% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Stock-Based Compensation | 18 | 16 | +12.5% |
| Change in Inventory | -75 | -37 | -102.7% |
| Change in Prepaid & Other Assets | -12 | -65 | +81.5% |
| Net Cash from Operations | 623 | 592 | +5.2% |
| Investing Activities | |||
| Capital Expenditures | -95 | -96 | +1.0% |
| Other Investing Activities | -6 | -1 | -500.0% |
| Net Cash from Investing | -99 | -92 | -7.6% |
| Financing Activities | |||
| Share Repurchases | -375 | -375 | 0.0% |
| Net Cash from Financing | -547 | -588 | +7.0% |
| Supplemental | |||
| Income Taxes Paid | 205 | 139 | +47.5% |
| Interest Paid | 59 | 53 | +11.3% |
| Other Cash Flow | |||
| Net Change in Cash | -24 | -75 | +68.0% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.