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ILLINOIS TOOL WORKS INC Net Income 2007-2026 | ITW

Annual FY2007–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$3.07B

−12.1%YoY vs FY2024Source: 10-KFY2025

From $1.87B in FY2007 to $3.07B in FY2025: 1.6× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$768M+9.7%Not reportedNot reportedNot reported
FY25$700M−14.5%$755M−0.5%$821M−29.2%$790M+5.3%
FY24$819M+14.7%$759M+0.7%$1.2B+50.3%$750M+4.6%
FY23$714M+7.9%$754M+2.2%$772M+6.2%$717M−20.9%
FY22$662M−1.3%$738M−4.8%$727M+13.8%$907M+48.9%
Share24%24%27%26%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionStable
CAGR

+7.8%

FY2020
$2.11B
FY2025
$3.07B

5 years selected · on the chart

01—History

Net Income History

Year-over-year comparison from 10-K annual reports

  19. $3.07B
YoY changeLargest recent move+51.9%in FY18Latest −12.1%

02—Ledger

Net Income, period by period

PeriodValueChangeSource
FY2025$3.07B−12.1%10-K
FY2024$3.49B+18.0%10-K
FY2023$2.96B−2.5%10-K
FY2022$3.03B+12.6%10-K
FY2021$2.69B+27.7%10-K
FY2020$2.11B−16.3%10-K
FY2019$2.52B−1.6%10-K
FY2018$2.56B+51.9%10-K
FY2017$1.69B−17.1%10-K
FY2016$2.04B+7.2%10-K
FY2015$1.90B−35.5%10-K
FY2014$2.95B+75.5%10-K
FY2013$1.68B−41.5%10-K
FY2012$2.87B+38.6%10-K
FY2011$2.07B+37.8%10-K
FY2010$1.50B+54.5%10-K
FY2009$972.7M−36.0%10-K
FY2008$1.52B−18.8%10-K
FY2007$1.87B—10-K

03—Questions

What is net income?

Net income can be defined as the company's total earnings or profit. It is calculated as revenues minus all expenses including cost of goods sold, operating expenses, interest, and taxes.

What is ILLINOIS TOOL WORKS INC's current net income?

ILLINOIS TOOL WORKS INC (ITW) annual net income for 2025 was $3.07B, a 12.10% decline from 2024. ILLINOIS TOOL WORKS INC net income for the quarter ending March 31, 2026 was $768.0M.

What was ILLINOIS TOOL WORKS INC's net income in 2024?

ILLINOIS TOOL WORKS INC annual net income for 2024 was $3.49B, a 17.96% increase from 2023.

What was ILLINOIS TOOL WORKS INC's net income in 2023?

ILLINOIS TOOL WORKS INC annual net income for 2023 was $2.96B, a 2.54% decline from 2022.

What is ILLINOIS TOOL WORKS INC's 5-year net income CAGR?

ILLINOIS TOOL WORKS INC net income grew at a compound annual growth rate (CAGR) of 7.77% from FY2020 to FY2025, going from $2.11B to $3.07B over 5 years.

Company
ILLINOIS TOOL WORKS INC
Ticker
ITW
Sector
Industrial
Industry
General Industrial Machinery & Equipment
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