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Net Income for Illinois Tool Works (ITW)

Latest filings through · Reported

Metric

TTM

$3.13B

YoY change

-12.1%

5Y CAGR

+7.8%

Peak year (2024)

$3.49B

Net Income history chart for Illinois Tool Works (ITW) from 1985 to 2025

Latest: $3.07B

Net Income growth chart for Illinois Tool Works (ITW) from 1985 to 2025

Latest: -12.1%

Net Income history table for Illinois Tool Works (ITW) from 1985 to 2025

  • 2025$3.07B-12.1%
  • 2024$3.49B+18.0%
  • 2023$2.96B-2.5%
  • 2022$3.03B+12.6%
  • 2021$2.69B+27.7%
  • 2020$2.11B-16.3%
  • 2019$2.52B-1.6%
  • 2018$2.56B+51.9%
  • 2017$1.69B-17.1%
  • 2016$2.04B+7.2%
  • 2015$1.90B-35.5%
  • 2014$2.95B+75.5%
  • 2013$1.68B-41.5%
  • 2012$2.87B+38.6%
  • 2011$2.07B+35.6%
  • 2010$1.53B+61.3%
  • 2009$947.01M-37.7%
  • 2008$1.52B-18.8%
  • 2007$1.87B+8.9%
  • 2006$1.72B+14.9%
  • 2005$1.49B+11.7%
  • 2004$1.34B+30.8%
  • 2003$1.02B+43.7%
  • 2002$712.59M-11.6%
  • 2001$805.66M-15.9%
  • 2000$957.98M+13.9%
  • 1999$841.10M+25.0%
  • 1998$672.80M+14.6%
  • 1997$587.00M+20.7%
  • 1996$486.30M+25.5%
  • 1995$387.60M+39.5%
  • 1994$277.80M+34.5%
  • 1993$206.60M+7.5%
  • 1992$192.10M+6.4%
  • 1991$180.60M-1.0%
  • 1990$182.40M+11.4%
  • 1989$163.80M+17.0%
  • 1988$140.00M+31.8%
  • 1987$106.20M+33.4%
  • 1986$79.60M+152.7%
  • 1985$31.50M—

Net Income values are taken from Illinois Tool Works's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Net Income at Illinois Tool Works (ITW)

According to Illinois Tool Works's latest reported financial statements, the company's current net income (TTM) is $3.13B. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

Illinois Tool Works (ITW) most recent annual net income stands at $3.07B (2025) – declined 12.1% year-over-year.

Illinois Tool Works net income compound annual growth for the 2020–2025 (5 years) window is +7.8%, with mixed annual results across the window.

Illinois Tool Works net income declined from $3.49B in 2024 to $3.07B in 2025, a 12.1% drawdown.

The highest annual net income of $3.49B was reported in 2024. The lowest in the available history was $31.50M in 1985.

Illinois Tool Works Net Income by Year

Illinois Tool Works Net Income 2025: $3.07B

In 2025, Illinois Tool Works reported net income of $3.07B, declined 12.1% below 2024.

Illinois Tool Works Net Income 2024: $3.49B

Illinois Tool Works net income in 2024 was $3.49B, grew 18.0% from 2023. This figure represents the highest annual value in the available history.

Illinois Tool Works Net Income 2023: $2.96B

2023's net income for Illinois Tool Works came in at $2.96B, edged down 2.5% below 2022.

Illinois Tool Works Net Income 2022: $3.03B

Illinois Tool Works posted net income of $3.03B in 2022, grew 12.6% from 2021.

Illinois Tool Works Net Income 2021: $2.69B

Illinois Tool Works net income in 2021 was $2.69B.

See more financial history for Illinois Tool Works (ITW).

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