Filing Flows › Illinois Tool Works (ITW) › Q3 2026
Illinois Tool Works (ITW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Illinois Tool Works (ITW) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), +4% from a year earlier and -2% from the quarter before. Operating margin was 27.8%, net earnings $855M (20.2% of revenue).
Illinois Tool Works, Q3 2026: revenue $4.2B (+4% year over year), operating margin 27.8%, net earnings $855M, operating cash flow $953M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | -2% | +4% |
| Operating profit | $1.2B | +3% | +6% |
| Net earnings | $855M | +5% | +4% |
| Operating cash flow | $953M | +32% | -7% |
| Free cash flow | $851M | — | -6% |
What changed
Revenue was $4.2B in Q3 2026, up 4% year over year and down 2% from the previous quarter.
Operating profit was $1.2B, a 27.8% margin (up 0.4 points year over year). Of the extra revenue versus Q3 2025, 37% reached operating profit, above the 27% margin then. Total costs grew 4% against revenue growth of 4%. Net earnings were $0.85B, up 4% year over year. The effective tax rate was 24.4%.
Operating cash flow was $1.0B (down 7% year over year), 111% of net earnings. Non-cash charges added back $0.08B of depreciation and $0.02B of share-based compensation. After additions to plant and equipment ($0.10B), free cash flow as the company reports it was $0.85B.
Questions
What was Illinois Tool Works' revenue in the third quarter 2026?
Illinois Tool Works (ITW) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), +4% from a year earlier and -2% from the quarter before.
Was Illinois Tool Works profitable in the third quarter 2026?
Operating profit was $1.2B (27.8% of revenue) and net earnings $855M.