Filing Flows › Illinois Tool Works (ITW) › Q2 2025
Illinois Tool Works (ITW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Illinois Tool Works (ITW) reported revenue of $4.1B for the second quarter 2025 (Q2 2025), +0.6% from a year earlier and +6% from the quarter before. Operating margin was 26.4%, net earnings $755M (18.6% of revenue).
Illinois Tool Works, Q2 2025: revenue $4.1B (+0.6% year over year), operating margin 26.4%, net earnings $755M, operating cash flow $550M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +6% | +0.6% |
| Operating profit | $1.1B | +12% | +1% |
| Net earnings | $755M | +8% | -0.5% |
| Operating cash flow | $550M | -7% | -20% |
| Free cash flow | $449M | — | -21% |
What changed
Revenue was $4.1B in Q2 2025, up 1% year over year and up 6% from the previous quarter.
Operating profit was $1.1B, a 26.4% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 26% margin then. Total costs grew 0% against revenue growth of 1%. Net earnings were $0.76B, down 1% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.55B (down 20% year over year), 73% 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 $0.30B. After additions to plant and equipment ($0.10B), free cash flow as the company reports it was $0.45B.
Questions
What was Illinois Tool Works' revenue in the second quarter 2025?
Illinois Tool Works (ITW) reported revenue of $4.1B for the second quarter 2025 (Q2 2025), +0.6% from a year earlier and +6% from the quarter before.
Was Illinois Tool Works profitable in the second quarter 2025?
Operating profit was $1.1B (26.4% of revenue) and net earnings $755M.