Filing Flows › Illinois Tool Works (ITW) › Q1 2025
Illinois Tool Works (ITW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Illinois Tool Works (ITW) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -2% from the quarter before. Operating margin was 24.8%, net earnings $700M (18.2% of revenue).
Illinois Tool Works, Q1 2025: revenue $3.8B (-3% year over year), operating margin 24.8%, net earnings $700M, operating cash flow $592M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -2% | -3% |
| Operating profit | $951M | -8% | -16% |
| Net earnings | $700M | -7% | -15% |
| Operating cash flow | $592M | -47% | +0.5% |
| Free cash flow | $496M | — | +0.4% |
What changed
Revenue was $3.8B in Q1 2025, down 3% year over year and down 2% from the previous quarter.
Operating profit was $1.0B, a 24.8% margin (down 3.6 points year over year). Total costs grew 1% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $0.70B, down 15% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.59B (up 1% year over year), 85% of net earnings. Non-cash charges added back $0.07B of depreciation and $0.02B of share-based compensation. Working capital and other items used $0.20B. After additions to plant and equipment ($0.10B), free cash flow as the company reports it was $0.50B.
Questions
What was Illinois Tool Works' revenue in the first quarter 2025?
Illinois Tool Works (ITW) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -2% from the quarter before.
Was Illinois Tool Works profitable in the first quarter 2025?
Operating profit was $951M (24.8% of revenue) and net earnings $700M.