Illinois Tool Works

ITW · Industrials · Market cap $81.8B

Q1 FY26 Jan 1 – Mar 31, 2026 reported May 7, 2026

Revenue$4.02B +5% year over year

Gross profit$2.13B

Operating profit$1.02B

Net profit$0.77B 19% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	4.02	100%	+5%
Automotive OEM Segment	0.82	20%	+4%
Test and Measurement and…	0.72	18%	+10%
Food Equipment Segment	0.64	16%	+2%
Welding Segment	0.51	13%	+7%
Polymers and Fluids… Segment	0.45	11%	+5%
Polymers and… Fluids	0.45	11%	+5%
Specialty Products Segment	0.43	11%
Cost of revenue	−1.89	47%
Gross profit	2.13	53% margin	+0pp
Operating expenses	−1.11	28%	+0pp
Operating profit	1.02	25% margin	+1pp
Tax	−0.20
Interest & other costs	−0.05
Net profit	0.77	19%	+1pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.09	100%	+4%
Automotive OEM Segment	0.83	20%	+5%
Test and Measurement and…	0.79	19%	+6%
Food Equipment Segment	0.70	17%	+4%
Polymers and Fluids… Segment	0.46	11%	+6%
Polymers and… Fluids	0.46	11%
Specialty Products Segment	0.43	11%	+4%
Construction Products	0.43	11%	−2%
Cost of revenue	−1.92	47%
Gross profit	2.17	53% margin	+1pp
Operating expenses	−1.09	27%	+0pp
Operating profit	1.09	27% margin	+0pp
Tax	−0.23
Interest & other costs	−0.06
Net profit	0.79	19%	+0pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.06	100%	+2%
Automotive OEM Segment	0.83	20%	+8%
Test and Measurement and…	0.70	17%	+0%
Food Equipment Segment	0.69	17%	+3%
Welding Segment	0.48	12%	+3%
Construction Products	0.47	12%	−1%
Polymers and Fluids… Segment	0.44	11%	−2%
Polymers and… Fluids	0.44	11%
Cost of revenue	−1.90	47%
Gross profit	2.16	53% margin	+1pp
Operating expenses	−1.05	26%	+0pp
Operating profit	1.11	27% margin	+1pp
Tax	−0.23
Interest & other costs	−0.06
Net profit	0.82	20%	−9pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.05	100%	+1%
Automotive OEM	0.85	21%	+4%
Test & Measurement and Electronics	0.69	17%	+1%
Food Equipment	0.68	17%	+2%
Welding	0.48	12%	+3%
Construction Products	0.47	12%	−6%
Specialty Products	0.46	11%	+1%
Polymers & Fluids	0.44	11%	−4%
Cost of revenue	−1.91	47%
Gross profit	2.14	53% margin	+0pp
Operating expenses	−1.07	26%	+0pp
Operating profit	1.07	26% margin	+0pp
Tax	−0.24
Interest & other costs	−0.07
Net profit	0.76	19%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Mar 31, 2026	May 7, 2026	$4.0B	+5%	25%	$0.8B	19%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 13, 2026	$4.1B	+4%	27%	$0.8B	19%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 24, 2025	$4.1B	+2%	27%	$0.8B	20%
Q2 FY25	Apr 1 – Jun 30, 2025	Aug 1, 2025	$4.1B	+1%	26%	$0.8B	19%