Filing Flows › Illinois Tool Works (ITW) › Q1 2026
Illinois Tool Works (ITW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Illinois Tool Works (ITW) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +5% from a year earlier and -2% from the quarter before. Operating margin was 25.4%, net earnings $768M (19.1% of revenue).
Illinois Tool Works, Q1 2026: revenue $4.0B (+5% year over year), operating margin 25.4%, net earnings $768M, operating cash flow $623M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | -2% | +5% |
| Operating profit | $1.0B | -6% | +7% |
| Net earnings | $768M | -3% | +10% |
| Operating cash flow | $623M | -35% | +5% |
| Free cash flow | $528M | — | +6% |
What changed
Revenue was $4.0B in Q1 2026, up 5% year over year and down 2% from the previous quarter.
Operating profit was $1.0B, a 25.4% margin (up 0.6 points year over year). Of the extra revenue versus Q1 2025, 39% reached operating profit, above the 25% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $0.77B, up 10% year over year. The effective tax rate was 20.6%.
Operating cash flow was $0.62B (up 5% year over year), 81% of net earnings. Non-cash charges added back $0.08B of depreciation and $0.02B of share-based compensation. Working capital and other items used $0.24B. After additions to plant and equipment ($0.10B), free cash flow as the company reports it was $0.53B.
Questions
What was Illinois Tool Works' revenue in the first quarter 2026?
Illinois Tool Works (ITW) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +5% from a year earlier and -2% from the quarter before.
Was Illinois Tool Works profitable in the first quarter 2026?
Operating profit was $1.0B (25.4% of revenue) and net earnings $768M.