The financials
Illinois Tool Works by the numbers
Illinois Tool Works (ITW) reported revenue of $4.30B in Q2 2026 (quarter ended June 30, 2026), up 6.1% from the same quarter a year earlier. That came with a gross margin of 44% and net income of $815M (19% of revenue). For the full year FY2025, revenue was $16.0B (+0.9% year on year) and net income $3.07B. Its largest segment in 2026-Q1 was Automotive OEM at $820M, 20% of the disclosed total, just ahead of Testand Measurementand Electronics at 18%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $4.30B | $4.05B | +6.1% |
| Gross profit | $1.90B | $1.78B | +6.5% |
| Operating income | $1.15B | $1.07B | +7.4% |
| Net income | $815M | $755M | +7.9% |
| Diluted EPS | $2.84 | $2.58 | +10% |
| Operating | Revenue | Share |
|---|---|---|
| Automotive OEM | $820M | 20% |
| Testand Measurementand Electronics | $715M | 18% |
| Food Equipment | $637M | 16% |
| Welding | $507M | 13% |
| Polymers And Fluids | $452M | 11% |
| Polymers And Fluids | $452M | 11% |
| Specialty Products | $431M | 11% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $4.01B (-0.47%)
Test and Measurement and Electronics grew +9.7% year on yearSpecialty Products -0.92% year on year
Segment Latestquarter on quarteryear on year
- Automotive OEM$820.0M$820.0MQoQ -1.2%year on year +4.3%-1.2%+4.3%
- Test and Measurement and Electronics$715.0M$715.0MQoQ +2.4%year on year +9.7%+2.4%+9.7%
- Food Equipment$637.0M$637.0MQoQ -8.2%year on year +1.6%-8.2%+1.6%
- Welding$507.0M$507.0MQoQ +6.3%year on year +7.4%+6.3%+7.4%
- Polymers And Fluids$452.0M$452.0MQoQ +2.5%year on year +5.4%+2.5%+5.4%
- Polymers And Fluids$452.0M$452.0MQoQ +2.5%year on year +5.4%+2.5%+5.4%
- Specialty Products$431.0M$431.0MQoQ -4.6%year on year -0.92%-4.6%-0.92%
Specialty Industrial Machinery
Ranks #6 of 44 by Smart Score