ITW
Income statement / Annual
Last year (2023), Illinois Tool Works Inc.'s total revenue was $16.11 B,
an increase of 1.10% from the previous year.
In 2023, Illinois Tool Works Inc.'s net income was $2.96 B.
See Illinois Tool Works Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
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 |
12/31/2014 |
| Operating Revenue |
$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
|
$14.48 B
|
| Cost of Revenue |
$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 |
$8.67 B |
| Gross Profit |
$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 |
$5.81 B |
| Gross Profit Ratio |
0.42 |
0.41 |
0.41 |
0.41 |
0.42 |
0.42 |
0.42 |
0.42 |
0.41 |
0.4 |
| Research and Development
Expenses |
$2.64 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
|
$2.68 B
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$2.40 B
|
$2.42 B
|
$2.42 B
|
$2.68 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 |
$2.64 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
|
$2.68 B
|
| Other Expenses |
$34.00 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 |
$61.00 M |
| Operating Expenses |
$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 |
$2.92 B |
| Cost And Expenses |
$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 |
$11.59 B |
| Interest Income |
$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 |
$65.00 M |
| Interest Expense |
$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 |
$250.00 M |
| Depreciation &
Amortization |
$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
|
$242.00 M
|
| EBITDA |
$4.52 B
|
$4.18 B
|
$3.66 B
|
$3.06 B
|
$3.67 B
|
$3.84 B
|
$3.64 B
|
$3.37 B
|
$3.18 B
|
$3.19 B
|
| EBITDA Ratio |
0.28 |
0.26 |
0.25 |
0.24 |
0.26 |
0.26 |
0.25 |
0.25 |
0.24 |
0.22 |
| Operating Income Ratio
|
0.25
|
0.24
|
0.24
|
0.23
|
0.24
|
0.24
|
0.24
|
0.23
|
0.21
|
0.2
|
| Total Other
Income/Expenses Net |
-$2.00 M
|
$52.00 M
|
-$151.00 M
|
-$178.00 M
|
-$114.00 M
|
$67.00 M
|
$131.00 M
|
$81.00 M
|
$76.00 M
|
$58.00 M
|
| Income Before Tax |
$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 |
$2.70 B |
| Income Before Tax Ratio
|
0.24
|
0.24
|
0.23
|
0.22
|
0.23
|
0.23
|
0.23
|
0.21
|
0.2
|
0.19
|
| Income Tax Expense |
$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 |
$809.00 M |
| Net Income |
$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 |
$2.95 B |
| Net Income Ratio |
0.18 |
0.19 |
0.19 |
0.17 |
0.18 |
0.17 |
0.12 |
0.15 |
0.14 |
0.2 |
| EPS |
9.77 |
9.8 |
8.55 |
6.66 |
7.78 |
7.65 |
4.9 |
5.73 |
5.16 |
7.33 |
| EPS Diluted |
9.74 |
9.77 |
8.51 |
6.63 |
7.74 |
7.6 |
4.86 |
5.7 |
5.13 |
7.28 |
| Weighted Average Shares
Out |
$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
|
$401.70 M
|
| Weighted Average Shares
Out Diluted |
$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
|
$404.60 M
|
| Link |
|
|
|
|
|
|
|
|
|
|
