Illinois Tool Works Q3 FY26: where the revenue came from and where it went
The whole income statement of Illinois Tool Works for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2026
- Reported
- Oct 28, 2026
Revenue$4.24B
+4% year over year
Gross profit$2.27B
54% margin
Operating profit$1.18B
28% margin
Net profit$0.86B
20% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.24 | 100% | +4% |
| Test & measurement | 0.82 | 19% | +17% |
| Automotive OEM | 0.81 | 19% | −2% |
| Food equipment | 0.70 | 17% | +1% |
| Welding | 0.51 | 12% | +8% |
| Polymers & fluids | 0.48 | 11% | +8% |
| Construction products | 0.47 | 11% | +0% |
| Specialty products | 0.45 | 11% | |
| Cost of revenue | −1.96 | 46% | |
| Gross profit | 2.27 | 54% margin | |
| Operating expenses | −1.10 | 26% | +0pp |
| Operating profit | 1.18 | 28% margin | |
| Interest & other costs | −0.05 | ||
| Tax | −0.28 | ||
| Net profit | 0.86 | 20% margin | +0pp |
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