Illinois Historical Income Statement

ITW Stock

USD 248.28 0.12 0.05%

Historical analysis of Illinois Tool income statement accounts such as Total Revenue of 10.8 B or Gross Profit of 4.1 B can show how well Illinois Tool Works performed in making a profits. Evaluating Illinois Tool income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Illinois Tool's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Illinois Tool Works latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Illinois Tool Works is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

About Illinois Income Statement Analysis

Illinois Tool Works Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Illinois Tool shareholders. The income statement also shows Illinois investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Illinois Tool Income Statement Chart

Illinois Tool Works Income Statement is one of the three primary financial statements used for reporting Illinois's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Illinois Tool Works revenue and expense. Illinois Tool Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Illinois Tool's Interest Expense is fairly stable compared to the past year. Operating Income is likely to climb to about 4.2 B in 2024, whereas Total Revenue is likely to drop slightly above 10.8 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts Illinois Tool Works generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Illinois Tool Works minus its cost of goods sold. It is profit before Illinois Tool operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Illinois Tool Works. It is also known as Illinois Tool overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Illinois Tool Works operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Illinois Tool Works is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Illinois Tool's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Illinois Tool Works current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Gross Profit	6.0B	6.5B	6.8B	4.1B
Total Revenue	14.5B	15.9B	16.1B	10.8B

Gross Profit Total Revenue

Illinois Tool income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Selling And Marketing Expenses	Discontinued Operations	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.64	0.73	0.73	0.69	0.74	0.74	0.7	0.71	0.64	0.72	0.06	0.78	0.42	0.69	0.34	0.74	0.37	0.77	0.42	-0.21	-0.39	-0.02	-0.14	-0.27	-0.32
Interest Expense	0.64		0.74	0.79	0.69	0.88	0.9	0.76	0.69	0.7	0.7	-0.03	0.75	0.67	0.7	0.51	0.95	0.62	0.52	0.14	-0.36	-0.24	0.17	-0.43	-0.44	-0.05
Total Revenue	0.73	0.74		0.98	0.99	0.7	0.71	0.87	0.99	0.96	0.88	0.31	0.73	0.64	0.94	0.56	0.83	0.24	0.64	0.38	-0.14	-0.08	0.08	-0.04	0.01	-0.09
Gross Profit	0.73	0.79	0.98		0.93	0.77	0.78	0.95	0.94	0.9	0.94	0.19	0.74	0.69	0.86	0.49	0.85	0.39	0.69	0.27	-0.28	-0.15	0.12	-0.12	-0.02	-0.13
Other Operating Expenses	0.69	0.69	0.99	0.93		0.63	0.64	0.78	1.0	0.99	0.81	0.39	0.69	0.6	0.98	0.61	0.79	0.13	0.56	0.43	-0.01	0.01	0.06	0.02	0.05	-0.04
Operating Income	0.74	0.88	0.7	0.77	0.63		1.0	0.82	0.65	0.56	0.78	-0.17	0.86	0.55	0.59	0.21	0.92	0.75	0.79	0.16	-0.62	-0.56	0.06	-0.41	-0.53	-0.42
Ebit	0.74	0.9	0.71	0.78	0.64	1.0		0.83	0.65	0.58	0.79	-0.16	0.87	0.55	0.6	0.22	0.92	0.75	0.79	0.17	-0.61	-0.55	0.04	-0.41	-0.52	-0.41
Ebitda	0.7	0.76	0.87	0.95	0.78	0.82	0.83		0.79	0.72	0.97	0.02	0.73	0.68	0.66	0.28	0.8	0.59	0.76	0.14	-0.51	-0.31	0.14	-0.21	-0.08	-0.27
Cost Of Revenue	0.71	0.69	0.99	0.94	1.0	0.65	0.65	0.79		0.97	0.82	0.37	0.71	0.59	0.97	0.59	0.79	0.14	0.59	0.43	-0.04	-0.03	0.06	0.01	0.03	-0.07
Total Operating Expenses	0.64	0.7	0.96	0.9	0.99	0.56	0.58	0.72	0.97		0.74	0.43	0.63	0.6	0.98	0.67	0.78	0.07	0.44	0.41	0.08	0.11	0.07	0.04	0.11	0.05
Income Before Tax	0.72	0.7	0.88	0.94	0.81	0.78	0.79	0.97	0.82	0.74		0.2	0.75	0.71	0.7	0.3	0.76	0.52	0.8	0.35	-0.46	-0.3	0.14	-0.17	-0.07	-0.26
Total Other Income Expense Net	0.06	-0.03	0.31	0.19	0.39	-0.17	-0.16	0.02	0.37	0.43	0.2		0.04	0.41	0.42	0.45	-0.04	-0.38	-0.06	0.8	0.45	0.53	0.21	0.18	0.33	0.3
Net Income	0.78	0.75	0.73	0.74	0.69	0.86	0.87	0.73	0.71	0.63	0.75	0.04		0.37	0.67	0.22	0.83	0.61	0.85	0.42	-0.36	-0.48	-0.24	-0.14	-0.35	-0.45
Income Tax Expense	0.42	0.67	0.64	0.69	0.6	0.55	0.55	0.68	0.59	0.6	0.71	0.41	0.37		0.55	0.5	0.57	0.38	0.26	0.31	-0.26	0.08	0.72	-0.36	-0.11	0.14
Selling General Administrative	0.69	0.7	0.94	0.86	0.98	0.59	0.6	0.66	0.97	0.98	0.7	0.42	0.67	0.55		0.68	0.79	0.05	0.48	0.48	0.11	0.06	0.03	0.02	0.01	0.01
Research Development	0.34	0.51	0.56	0.49	0.61	0.21	0.22	0.28	0.59	0.67	0.3	0.45	0.22	0.5	0.68		0.42	-0.16	0.01	0.31	0.37	0.58	0.32	-0.39	0.01	0.62
Selling And Marketing Expenses	0.74	0.95	0.83	0.85	0.79	0.92	0.92	0.8	0.79	0.78	0.76	-0.04	0.83	0.57	0.79	0.42		0.57	0.65	0.21	-0.36	-0.36	-0.01	-0.26	-0.36	-0.2
Discontinued Operations	0.37	0.62	0.24	0.39	0.13	0.75	0.75	0.59	0.14	0.07	0.52	-0.38	0.61	0.38	0.05	-0.16	0.57		0.57	-0.11	-0.72	-0.6	0.03	-0.42	-0.46	-0.36
Net Income From Continuing Ops	0.77	0.52	0.64	0.69	0.56	0.79	0.79	0.76	0.59	0.44	0.8	-0.06	0.85	0.26	0.48	0.01	0.65	0.57		0.37	-0.56	-0.64	-0.27	-0.17	-0.34	-0.57
Non Operating Income Net Other	0.42	0.14	0.38	0.27	0.43	0.16	0.17	0.14	0.43	0.41	0.35	0.8	0.42	0.31	0.48	0.31	0.21	-0.11	0.37		0.19	0.03	-0.07	0.08	-0.03	-0.03
Non Recurring	-0.21	-0.36	-0.14	-0.28	-0.01	-0.62	-0.61	-0.51	-0.04	0.08	-0.46	0.45	-0.36	-0.26	0.11	0.37	-0.36	-0.72	-0.56	0.19		0.64	-0.08	0.49	0.42	0.46
Minority Interest	-0.39	-0.24	-0.08	-0.15	0.01	-0.56	-0.55	-0.31	-0.03	0.11	-0.3	0.53	-0.48	0.08	0.06	0.58	-0.36	-0.6	-0.64	0.03	0.64		0.31	-0.06	0.55	0.75
Tax Provision	-0.02	0.17	0.08	0.12	0.06	0.06	0.04	0.14	0.06	0.07	0.14	0.21	-0.24	0.72	0.03	0.32	-0.01	0.03	-0.27	-0.07	-0.08	0.31		-0.4	-0.11	0.31
Interest Income	-0.14	-0.43	-0.04	-0.12	0.02	-0.41	-0.41	-0.21	0.01	0.04	-0.17	0.18	-0.14	-0.36	0.02	-0.39	-0.26	-0.42	-0.17	0.08	0.49	-0.06	-0.4		0.5	-0.27
Net Interest Income	-0.27	-0.44	0.01	-0.02	0.05	-0.53	-0.52	-0.08	0.03	0.11	-0.07	0.33	-0.35	-0.11	0.01	0.01	-0.36	-0.46	-0.34	-0.03	0.42	0.55	-0.11	0.5		0.19
Reconciled Depreciation	-0.32	-0.05	-0.09	-0.13	-0.04	-0.42	-0.41	-0.27	-0.07	0.05	-0.26	0.3	-0.45	0.14	0.01	0.62	-0.2	-0.36	-0.57	-0.03	0.46	0.75	0.31	-0.27	0.19

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Illinois Tool Account Relationship Matchups

Illinois Tool income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	266M	182M	184M	389M	395M	281.8M
Interest Expense	221M	206M	202M	203M	266M	279.3M
Total Revenue	14.1B	12.6B	14.5B	15.9B	16.1B	10.8B
Gross Profit	5.9B	5.2B	6.0B	6.5B	6.8B	4.1B
Other Operating Expenses	10.7B	9.7B	11.0B	12.1B	12.0B	8.8B
Operating Income	3.4B	2.9B	3.5B	3.8B	4.0B	4.2B
Ebit	3.4B	2.9B	3.5B	3.8B	4.0B	4.2B
Ebitda	3.7B	3.1B	3.7B	4.2B	4.0B	2.3B
Cost Of Revenue	8.2B	7.4B	8.5B	9.4B	9.3B	6.7B
Total Operating Expenses	2.5B	2.3B	2.5B	2.7B	2.6B	2.1B
Income Before Tax	3.3B	2.7B	3.3B	3.8B	3.8B	1.9B
Total Other Income Expense Net	(114M)	(178M)	(151M)	52M	(217M)	(206.2M)
Net Income	2.5B	2.1B	2.7B	3.0B	3.0B	3.1B
Income Tax Expense	767M	595M	632M	808M	866M	567.9M
Selling General Administrative	2.4B	2.2B	2.4B	2.6B	2.6B	2.4B
Research Development	2.4B	214M	239M	269M	2.6B	1.6B
Net Income Applicable To Common Shares	2.5B	2.1B	2.7B	3.0B	3.5B	2.0B
Net Income From Continuing Ops	2.5B	2.1B	2.7B	3.0B	3.1B	2.4B
Non Operating Income Net Other	107M	28M	51M	255M	229.5M	241.0M
Tax Provision	767M	595M	632M	808M	870M	691.5M
Interest Income	29M	206M	202M	203M	51M	48.5M
Net Interest Income	(192M)	(206M)	(202M)	(203M)	(230M)	(241.5M)
Reconciled Depreciation	426M	427M	133M	134M	395M	278.6M

Illinois Tool Investors Sentiment

The influence of Illinois Tool's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Illinois. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Illinois Tool's public news can be used to forecast risks associated with an investment in Illinois. The trend in average sentiment can be used to explain how an investor holding Illinois can time the market purely based on public headlines and social activities around Illinois Tool Works. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Illinois Tool's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Illinois Tool's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Illinois Tool's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Illinois Tool.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Illinois Tool in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Illinois Tool's short interest history, or implied volatility extrapolated from Illinois Tool options trading.

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When determining whether Illinois Tool Works is a strong investment it is important to analyze Illinois Tool's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Illinois Tool's future performance. For an informed investment choice regarding Illinois Stock, refer to the following important reports:

How To Invest In Illinois

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Is Illinois Stock a good investment?

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What is Illinois Tool's Net Worth?

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Largest Specialty Industrial Machinery Companies

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Largest Industrials Companies

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You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Illinois Tool's price analysis, check to measure Illinois Tool's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Illinois Tool is operating at the current time. Most of Illinois Tool's value examination focuses on studying past and present price action to predict the probability of Illinois Tool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illinois Tool's price. Additionally, you may evaluate how the addition of Illinois Tool to your portfolios can decrease your overall portfolio volatility.

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Is Illinois Tool's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Illinois Tool. If investors know Illinois will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Illinois Tool listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.19)

Dividend Share

5.42

Earnings Share

9.73

Revenue Per Share

53.229

Quarterly Revenue Growth

0.003

The market value of Illinois Tool Works is measured differently than its book value, which is the value of Illinois that is recorded on the company's balance sheet. Investors also form their own opinion of Illinois Tool's value that differs from its market value or its book value, called intrinsic value, which is Illinois Tool's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Illinois Tool's market value can be influenced by many factors that don't directly affect Illinois Tool's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Illinois Tool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illinois Tool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illinois Tool's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Illinois Historical Income Statement

About Illinois Income Statement Analysis

Illinois Tool Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Illinois Tool income statement Correlations

Illinois Tool Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Illinois Tool income statement Accounts

Illinois Tool Investors Sentiment

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Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Other Operating Expenses
Gross Profit	+ 0.98	Total Revenue

Non Recurring	- 0.72	Discontinued Operations
Minority Interest	- 0.64	Net Income From Continuing Ops
Non Recurring	- 0.62	Operating Income
Non Recurring	- 0.61	Ebit
Minority Interest	- 0.6	Discontinued Operations
Reconciled Depreciation	- 0.57	Net Income From Continuing Ops