Q4 25 EPS
$2.72
BEAT +1.12%
Est. $2.69
Q4 25 Revenue
$4.09B
BEAT +0.60%
Est. $4.07B
vs S&P Since Q4 25
-12.1%
TRAILING MARKET
ITW -7.1% vs S&P +5.0%
Full Year 2025 Results
FY 25 EPS
$10.49
BEAT +0.31%
Est. $10.46
FY 25 Revenue
$16.04B
BEAT +0.15%
Est. $16.02B
Market Reaction
Did ITW Beat Earnings? Q4 2025 Results
Illinois Tool Works closed out 2025 on a solid note, posting Q4 earnings per share of $2.72 against a consensus estimate of $2.69, a beat of 1.12%, while revenue of $4.09 billion edged past the $4.07 billion forecast by 0.60% and grew 4.1% year over … Read more Illinois Tool Works closed out 2025 on a solid note, posting Q4 earnings per share of $2.72 against a consensus estimate of $2.69, a beat of 1.12%, while revenue of $4.09 billion edged past the $4.07 billion forecast by 0.60% and grew 4.1% year over year. The quarter's most telling detail was operating margin expansion of 30 basis points to 26.5%, with enterprise initiatives alone contributing 140 basis points of improvement, underscoring the disciplined cost management that has made ITW a recurring topic among industrial investors eyeing new all-time highs in the sector. For the full year, GAAP EPS of $10.49 cleared the company's own guidance midpoint, and free cash flow reached $2.71 billion at an 88% conversion rate, funding $3.30 billion in shareholder returns. Looking ahead, ITW guided 2026 GAAP EPS to $11.00 to $11.40, implying roughly 7% growth at the midpoint, with revenue growth of 2% to 4% and free cash flow conversion projected to exceed 100% of net income.
Key Takeaways
- • Enterprise initiatives contributed 140 bps to Q4 operating margin
- • Customer-Back Innovation drove 2.4% of full-year revenue growth
- • Pricing and supply chain actions successfully offset tariff impacts for the year
- • Organic revenue growth of 1.3% in Q4
- • Foreign currency translation added 2.5% to Q4 revenue
- • Six of seven segments expanded operating margins in 2025
- • Three segments achieved operating margins above 30%
ITW YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ITW Revenue by Segment
With YoY comparisons, source: SEC Filings
“ITW delivered a solid finish to the year, marked by more than four percent revenue growth and a seven percent increase in GAAP earnings per share. As a result of our disciplined execution across all seven segments, we expanded both operating margin and income to record levels in the quarter.”
— Christopher O'Herlihy, Q4 2025 Earnings Press Release
ITW Earnings Trends
ITW vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ITW EPS Trend
Earnings per share: estimate vs actual
ITW Revenue Trend
Quarterly revenue: estimate vs actual
ITW Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.66 | — | $4.02B | +0.15% |
| Q4 25 BEAT FY | $2.69 | $2.72 | +1.12% | $4.09B | +0.60% |
| FY Full Year | $10.46 | $10.49 | +0.31% | $16.04B | +0.15% |
| Q3 25 BEAT | $2.70 | $2.81 | +3.91% | $4.06B | -0.70% |
| Q2 25 BEAT | $2.56 | $2.58 | +0.89% | $4.05B | +0.71% |
| Q1 25 BEAT | $2.35 | $2.38 | +1.14% | $3.84B | -0.10% |