Filing Flows › Illinois Tool Works (ITW) › Q3 2025
Illinois Tool Works (ITW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
Illinois Tool Works (ITW) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +2% from a year earlier and +0.1% from the quarter before. Operating margin was 27.4%, net earnings $821M (20.2% of revenue).
Illinois Tool Works, Q3 2025: revenue $4.1B (+2% year over year), operating margin 27.4%, net earnings $821M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +0.1% | +2% |
| Operating profit | $1.1B | +4% | +6% |
| Net earnings | $821M | +9% | -29% |
| Operating cash flow | $1.0B | +86% | +15% |
| Free cash flow | $904M | — | +15% |
What changed
Revenue was $4.1B in Q3 2025, up 2% year over year and roughly flat from the previous quarter.
Operating profit was $1.1B, a 27.4% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 65% reached operating profit, above the 27% margin then. Total costs grew 1% against revenue growth of 2%. Net earnings were $0.82B, down 29% year over year. The effective tax rate was 21.7%.
Operating cash flow was $1.0B (up 15% year over year), 124% of net earnings. Non-cash charges added back $0.08B of depreciation and $0.02B of share-based compensation. Working capital and other items added $0.10B. After additions to plant and equipment ($0.12B), free cash flow as the company reports it was $0.90B.
Questions
What was Illinois Tool Works' revenue in the third quarter 2025?
Illinois Tool Works (ITW) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +2% from a year earlier and +0.1% from the quarter before.
Was Illinois Tool Works profitable in the third quarter 2025?
Operating profit was $1.1B (27.4% of revenue) and net earnings $821M.