Illinois Tool Works (ITW) 10-K Summary — Year Ended Dec 31, 2025
Illinois Tool Works Inc. reported relatively stable annual revenue with a slight increase in the most recent period. The company maintained strong operating cash flow and continues to focus on organic growth, dividends, and selective acquisitions.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Illinois Tool Works Inc. reported relatively stable annual revenue with a slight increase in the most recent period. The company maintained strong operating cash flow and continues to focus on organic growth, dividends, and selective acquisitions.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$16B
Revenue reported for the fiscal year.
Operating income
$4.2B
Income from operations reported for the year.
Net income
$3.1B
Net income reported for the year.
Operating cash flow
$3.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $15.9B | +10.2% |
| Dec 31, 2023 | $16.1B | +1.1% |
| Dec 31, 2024 | $15.9B | -1.3% |
| Dec 31, 2025 | $16B | +0.9% |
Business overview
The company operates a diversified industrial business, as described in the Business Overview section. Management discussion focuses on organic growth and sustaining core operations. The filing does not provide granular segment details beyond this general description.
Financial performance
Reported revenue remained essentially flat over the trailing periods, with a minor increase in the most recent year. Operating income and net income were both substantial, and operating cash flow was robust. The trend data indicate a steady revenue trajectory with no significant growth or decline.
Material risks
The filing references a dedicated Risk Factors section but does not include its content in the supplied data. No specific material risks beyond the generic reference to risk factors can be identified from the supplied text. Readers should refer to the original filing for details.
Liquidity and capital
Primary liquidity sources include free cash flow and a revolving credit facility with no outstanding borrowings. Capital allocation priorities are internal investments, dividends, selective acquisitions, and share repurchases.
What to watch
Monitor whether the company's revenue trend continues to show stability or shifts toward growth or contraction in the next filing.