NYSE : ITT
ITT Inc. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 202.56 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 18.11B
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Financial statements
ITT Inc. (ITT) reported revenue of 4.74B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.74B | 3.94B | 3.63B | 3.28B | 2.99B | 2.77B |
| Cost of Revenue | 3.08B | 2.55B | 2.38B | 2.18B | 2.07B | 1.87B |
| Gross Profit | 1.66B | 1.39B | 1.25B | 1.10B | 922.30M | 899.50M |
| Selling, General & Admin | 698.20M | 561.40M | 494.90M | 458.50M | 374.10M | 372.10M |
| Research & Development | 127.10M | 110.80M | 116.30M | 102.60M | 96.50M | 94.90M |
| Operating Expenses | 889.00M | 672.20M | 611.20M | 561.10M | 470.60M | 467.00M |
| Operating Income | 768.40M | 720.20M | 638.20M | 542.20M | 451.70M | 432.50M |
| Interest Expense | -100.70M | -48.10M | -36.60M | -19.20M | -10.90M | |
| Interest & Investment Income | 20.80M | 10.70M | 6.60M | 8.80M | 4.50M | 1.10M |
| Other Non Operating Income (Expenses) | 7.50M | 3.30M | 1.80M | 1.70M | 200.00K | 3.70M |
| EBT Excluding Unusual Items | 696.00M | 686.10M | 610.00M | 533.50M | 445.50M | 437.30M |
| Merger & Restructuring Charges | -87.20M | -34.60M | -8.10M | -9.90M | -9.60M | |
| Gain (Loss) on Sale of Assets | 47.80M | -8.10M | 16.30M | 7.00M | ||
| Legal Settlements | 74.40M | |||||
| Other Unusual Items | -1.80M | 6.30M | ||||
| Pretax Income | 607.00M | 651.50M | 649.70M | 521.80M | 461.80M | 509.10M |
| Income Tax Expense | 180.50M | 160.10M | 126.30M | 105.40M | 91.10M | 189.60M |
| Earnings From Continuing Operations | 426.50M | 491.40M | 523.40M | 416.40M | 370.70M | 319.50M |
| Earnings From Discontinued Operations | -100.00K | -100.00K | -100.00K | -900.00K | -1.30M | 1.50M |
| Net Income to Company | 426.40M | 491.30M | 523.30M | 415.50M | 369.40M | 321.00M |
| Minority Interest in Earnings | -4.90M | -3.30M | -3.40M | -3.30M | -2.40M | -4.70M |
| Net Income | 421.50M | 488.00M | 519.90M | 412.20M | 367.00M | 316.30M |
| Net Income to Common | 421.50M | 488.00M | 519.90M | 412.20M | 367.00M | 316.30M |
| Shares Outstanding (Basic) | 83.35M | 79.40M | 81.80M | 82.30M | 83.40M | 86.00M |
| Shares Outstanding (Diluted) | 83.90M | 79.90M | 82.30M | 82.70M | 83.70M | 86.50M |
| EPS (Basic) | 5.06 | 6.15 | 6.36 | 5.01 | 4.40 | 3.68 |
| EPS (Diluted) | 5.03 | 6.11 | 6.32 | 4.99 | 4.38 | 3.66 |
| Free Cash Flow | 508.80M | 547.00M | 438.20M | 430.10M | 173.90M | -96.00M |
| Free Cash Flow Per Share | 6.06 | 6.85 | 5.32 | 5.20 | 2.08 | -1.11 |
| Dividend Per Share | 1.47 | 1.40 | 1.28 | 1.16 | 1.06 | 0.88 |
| Gross Margin | 34.98% | 35.35% | 34.41% | 33.61% | 30.87% | 32.53% |
| Operating Margin | 16.22% | 18.29% | 17.58% | 16.52% | 15.12% | 15.64% |
| Profit Margin | 8.90% | 12.39% | 14.32% | 12.56% | 12.28% | 11.44% |
| Free Cash Flow Margin | 10.74% | 13.89% | 12.07% | 13.10% | 5.82% | -3.47% |
| EBITDA | 988.50M | 863.40M | 775.50M | 651.40M | 559.10M | 545.60M |
| EBITDA Margin | 20.86% | 21.92% | 21.36% | 19.84% | 18.71% | 19.73% |
| D&A For EBITDA | 220.10M | 143.20M | 137.30M | 109.20M | 107.40M | 113.10M |
| EBIT | 768.40M | 720.20M | 638.20M | 542.20M | 451.70M | 432.50M |
| EBIT Margin | 16.22% | 18.29% | 17.58% | 16.52% | 15.12% | 15.64% |
| Effective Tax Rate | 29.74% | 24.57% | 19.44% | 20.20% | 19.73% | 37.24% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 590.80M | 1.74B | 439.30M | 489.20M | 561.20M | 647.50M |
| Cash & Short-Term Investments | 590.80M | 1.74B | 439.30M | 489.20M | 561.20M | 647.50M |
| Accounts Receivable | 1.11B | 770.10M | 692.30M | 652.90M | 628.60M | 539.00M |
| Other Receivables | 37.30M | 29.10M | 30.50M | 22.60M | 18.30M | 17.50M |
| Receivables | 1.16B | 807.00M | 737.40M | 701.00M | 655.10M | 575.70M |
| Inventory | 932.30M | 671.90M | 612.30M | 575.40M | 533.90M | 430.90M |
| Other Current Assets | 168.70M | 132.50M | 96.80M | 92.10M | 86.60M | 68.00M |
| Total Current Assets | 2.85B | 3.35B | 1.89B | 1.86B | 1.84B | 1.72B |
| Property, Plant & Equipment | 898.80M | 707.40M | 669.40M | 648.40M | 600.60M | 587.10M |
| Long-Term Investments | 44.00M | 41.00M | 48.50M | 46.60M | 42.90M | 14.50M |
| Goodwill | 3.87B | 1.51B | 1.43B | 1.02B | 964.80M | 924.30M |
| Other Intangible Assets | 3.09B | 437.20M | 459.60M | 124.50M | 125.20M | 102.40M |
| Long-Term Deferred Tax Assets | 88.50M | 82.40M | 74.00M | 76.00M | 54.70M | 63.40M |
| Other Long-Term Assets | 196.70M | 176.90M | 163.90M | 163.10M | 155.30M | 151.60M |
| Total Assets | 11.04B | 6.31B | 4.73B | 3.93B | 3.78B | 3.57B |
| Accounts Payable | 630.30M | 465.00M | 458.40M | 437.00M | 401.10M | 373.40M |
| Accrued Expenses | 231.70M | 192.70M | 163.20M | 171.30M | 176.90M | 205.80M |
| Short-Term Debt | 760.70M | 258.50M | 425.00M | 185.40M | 448.80M | 195.40M |
| Current Portion of Long-Term Debt | 97.70M | 2.80M | 2.60M | 2.30M | 2.20M | 2.20M |
| Current Portion of Leases | 34.30M | 24.40M | 22.60M | 19.50M | 19.00M | 20.10M |
| Current Income Taxes Payable | 58.30M | 46.40M | 38.50M | 30.70M | 27.10M | 33.60M |
| Current Unearned Revenue | 322.70M | 220.80M | 153.50M | 133.60M | 92.20M | 69.10M |
| Other Current Liabilities | 118.60M | 87.70M | 69.40M | 58.00M | 18.20M | 28.70M |
| Total Current Liabilities | 2.25B | 1.30B | 1.33B | 1.04B | 1.19B | 928.30M |
| Long-Term Debt | 2.87B | 521.50M | 232.60M | 5.70M | 7.70M | 9.90M |
| Long-Term Leases | 72.20M | 60.00M | 73.70M | 72.30M | 58.90M | 64.00M |
| Pension & Post-Retirement Benefits | 149.70M | 120.00M | 119.00M | 138.70M | 137.20M | 199.90M |
| Long-Term Deferred Tax Liabilities | 728.80M | 82.50M | 64.80M | 25.00M | 31.10M | 29.00M |
| Other Long-Term Liabilities | 151.90M | 136.80M | 122.20M | 114.00M | 102.50M | 103.60M |
| Total Liabilities | 6.23B | 2.22B | 1.95B | 1.39B | 1.52B | 1.33B |
| Common Stock | 89.40M | 85.90M | 81.50M | 82.10M | 82.70M | 85.50M |
| Additional Paid-In Capital | 1.99B | 1.31B | ||||
| Retained Earnings | 3.08B | 2.99B | 3.12B | 2.78B | 2.51B | 2.46B |
| Comprehensive Income & Other | -356.40M | -302.50M | -418.30M | -331.90M | -344.30M | -321.30M |
| Total Common Equity | 4.80B | 4.08B | 2.78B | 2.53B | 2.25B | 2.23B |
| Minority Interest | 9.10M | 6.90M | 7.00M | 10.90M | 9.30M | 4.90M |
| Shareholders' Equity | 4.81B | 4.09B | 2.79B | 2.54B | 2.26B | 2.23B |
| Total Liabilities & Equity | 11.04B | 6.31B | 4.73B | 3.93B | 3.78B | 3.57B |
| Total Debt | 3.83B | 867.20M | 756.50M | 285.20M | 536.60M | 291.60M |
| Net Cash (Debt) | -3.24B | 875.70M | -317.20M | 204.00M | 24.60M | 355.90M |
| Net Cash Per Share | -38.66 | 10.96 | -3.85 | 2.47 | 0.29 | 4.11 |
| Filing Date Shares Outstanding | 89.40M | 86.00M | 81.40M | 82.10M | 82.70M | 85.30M |
| Total Common Shares Outstanding | 89.40M | 85.90M | 81.50M | 82.10M | 82.70M | 85.50M |
| Working Capital | 593.10M | 2.06B | 552.60M | 819.90M | 651.30M | 793.80M |
| Book Value Per Share | 53.70 | 47.55 | 34.10 | 30.79 | 27.18 | 26.03 |
| Tangible Book Value | -2.16B | 2.14B | 889.10M | 1.39B | 1.16B | 1.20B |
| Tangible Book Value Per Share | -24.17 | 24.87 | 10.91 | 16.90 | 14.00 | 14.02 |
| Land | 47.10M | 26.70M | 25.10M | 29.50M | 29.30M | 32.50M |
| Buildings | 388.40M | 343.80M | 293.40M | 298.40M | 277.60M | 265.50M |
| Machinery | 1.66B | 1.52B | 1.34B | 1.40B | 1.29B | 1.28B |
| Construction In Progress | 84.30M | 80.10M | 103.00M | 78.10M | 86.90M | 62.80M |
| Order Backlog | 1.88B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 421.50M | 488.00M | 519.90M | 412.20M | 367.00M | 316.30M |
| Depreciation & Amortization | 220.10M | 143.20M | 137.30M | 109.20M | 107.40M | 113.10M |
| Loss (Gain) From Sale of Assets | -47.80M | 8.10M | -16.30M | -7.00M | ||
| Stock-Based Compensation | 39.10M | 36.20M | 25.90M | 20.20M | 18.10M | 16.50M |
| Other Operating Activities | 48.30M | 38.80M | 10.40M | 2.20M | 33.50M | -329.90M |
| Change in Accounts Receivable | -91.10M | -26.00M | -51.10M | -39.50M | -98.10M | -64.70M |
| Change in Inventory | -13.80M | -24.60M | -36.70M | -99.50M | -82.70M | |
| Change in Accounts Payable | 33.10M | -18.80M | 1.80M | 26.30M | 39.40M | 77.60M |
| Change in Unearned Revenue | -1.70M | 41.90M | -900.00K | 23.10M | 23.30M | -3.60M |
| Change in Income Taxes | -21.10M | -15.90M | -1.60M | 6.00M | -13.50M | 8.20M |
| Change in Other Net Operating Assets | -1.60M | 6.00M | -31.30M | 6.90M | -83.60M | -52.20M |
| Operating Cash Flow | 632.10M | 668.30M | 562.10M | 537.70M | 277.80M | -7.60M |
| Capital Expenditures | -123.30M | -121.30M | -123.90M | -107.60M | -103.90M | -88.40M |
| Sale of Property, Plant & Equipment | 20.90M | 8.00M | ||||
| Cash Acquisitions | -3.55B | -6.80M | -864.80M | -79.30M | -146.90M | |
| Divestitures | 177.90M | 11.50M | ||||
| Investment in Securities | -1.60M | -1.60M | -2.60M | -2.50M | -25.60M | -1.90M |
| Other Investing Activities | 13.40M | 9.90M | -4.50M | -3.10M | 400.00K | |
| Investing Cash Flow | -3.66B | -119.80M | -817.90M | -181.00M | -255.10M | -82.30M |
| Short-Term Debt Issued | 239.50M | 259.70M | 95.40M | |||
| Long-Term Debt Issued | 749.00M | 763.90M | ||||
| Total Debt Issued | 3.37B | 749.00M | 1.00B | 259.70M | 95.40M | |
| Short-Term Debt Repaid | -212.30M | -266.00M | ||||
| Long-Term Debt Repaid | -462.00M | -537.40M | -2.20M | -2.10M | -2.40M | |
| Total Debt Repaid | -1.25B | -674.30M | -537.40M | -268.20M | -2.10M | -2.40M |
| Net Debt Issued (Repaid) | 2.13B | 74.70M | 466.00M | -268.20M | 257.60M | 93.00M |
| Issuance of Common Stock | 1.31B | 1.31B | ||||
| Repurchase of Common Stock | -145.60M | -534.70M | -118.70M | -67.20M | -254.10M | -116.50M |
| Common Dividends Paid | -124.30M | -111.00M | -104.70M | -95.80M | -87.90M | -75.80M |
| Other Financing Activities | -15.60M | -14.20M | -7.70M | -1.10M | 1.10M | -500.00K |
| Financing Cash Flow | 3.16B | 728.90M | 234.90M | -432.30M | -83.30M | -99.80M |
| Foreign Exchange Rate Adjustments | -5.90M | 26.30M | -29.00M | 3.60M | -25.80M | -22.60M |
| Net Cash Flow | 123.30M | 1.30B | -49.90M | -72.00M | -86.40M | -212.30M |
| Free Cash Flow | 508.80M | 547.00M | 438.20M | 430.10M | 173.90M | -96.00M |
| Free Cash Flow Margin | 10.74% | 13.89% | 12.07% | 13.10% | 5.82% | -3.47% |
| Free Cash Flow Per Share | 6.06 | 6.85 | 5.32 | 5.20 | 2.08 | -1.11 |
| Levered Free Cash Flow | 307.21M | 446.36M | 392.30M | 372.57M | 102.00M | 261.91M |
| Unlevered Free Cash Flow | 370.15M | 476.43M | 415.18M | 384.57M | 108.81M | 261.91M |
| Cash Interest Paid | 74.40M | 41.70M | 33.40M | 15.70M | 10.80M | 3.30M |
| Cash Income Tax Paid | 174.60M | 151.60M | 128.60M | 113.10M | 92.70M | 61.30M |
| Change in Working Capital | -96.20M | -37.40M | -83.10M | -13.90M | -232.00M | -117.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.75B | 14.93B | 11.65B | 9.80B | 6.71B | 8.75B |
| Enterprise Value | 20.99B | 15.50B | 12.12B | 9.72B | 6.82B | 8.46B |
| Last Close Price | 198.50 | 172.48 | 140.79 | 116.49 | 78.22 | 97.18 |
| PE Ratio | 39.50 | 30.59 | 22.40 | 23.77 | 18.27 | 27.66 |
| Forward PE | 22.44 | 23.71 | 22.60 | 20.76 | 16.79 | 22.90 |
| PS Ratio | 3.75 | 3.79 | 3.21 | 2.98 | 2.25 | 3.16 |
| PB Ratio | 3.70 | 3.65 | 4.18 | 3.86 | 2.97 | 3.92 |
| P/TBV Ratio | 6.99 | 13.10 | 7.06 | 5.79 | 7.29 | |
| P/FCF Ratio | 34.88 | 27.29 | 26.58 | 22.78 | 38.57 | |
| P/OCF Ratio | 28.08 | 22.34 | 20.72 | 18.22 | 24.14 | |
| PEG Ratio | 1.35 | 1.88 | 1.73 | 1.58 | 1.36 | 1.58 |
| EV/Sales Ratio | 4.43 | 3.94 | 3.34 | 2.96 | 2.28 | 3.06 |
| EV/EBITDA Ratio | 21.23 | 17.96 | 15.63 | 14.91 | 12.20 | 15.50 |
| EV/EBIT Ratio | 27.32 | 21.53 | 18.99 | 17.92 | 15.10 | 19.55 |
| EV/FCF Ratio | 41.25 | 28.34 | 27.66 | 22.59 | 39.23 | |
| Debt / Equity Ratio | 0.80 | 0.21 | 0.27 | 0.11 | 0.24 | 0.13 |
| Debt / EBITDA Ratio | 3.74 | 0.96 | 0.94 | 0.42 | 0.92 | 0.51 |
| Debt / FCF Ratio | 7.54 | 1.58 | 1.73 | 0.66 | 3.09 | |
| Net Debt / Equity Ratio | 0.67 | -0.21 | 0.11 | -0.08 | -0.01 | -0.16 |
| Net Debt / EBITDA Ratio | 3.28 | -1.01 | 0.41 | -0.31 | -0.04 | -0.65 |
| Net Debt / FCF Ratio | 6.38 | -1.60 | 0.72 | -0.47 | -0.14 | 3.71 |
| Asset Turnover | 0.59 | 0.71 | 0.84 | 0.85 | 0.81 | 0.70 |
| Inventory Turnover | 3.87 | 3.96 | 4.01 | 3.93 | 4.28 | 4.71 |
| Quick Ratio | 0.77 | 1.96 | 0.87 | 1.12 | 1.02 | 1.30 |
| Current Ratio | 1.26 | 2.58 | 1.41 | 1.79 | 1.55 | 1.85 |
| Return on Equity (ROE) | 11.57% | 14.29% | 19.66% | 17.36% | 16.52% | 14.66% |
| Return on Assets (ROA) | 5.98% | 8.15% | 9.21% | 8.79% | 7.69% | 6.89% |
| Return on Invested Capital (ROIC) | 6.68% | 17.19% | 18.91% | 18.94% | 17.66% | 16.18% |
| Return on Capital Employed (ROCE) | 8.70% | 14.40% | 18.80% | 18.70% | 17.40% | 16.40% |
| Earnings Yield | 2.53% | 3.27% | 4.46% | 4.21% | 5.47% | 3.62% |
| FCF Yield | 2.87% | 3.66% | 3.76% | 4.39% | 2.59% | -1.10% |
| Dividend Yield | 0.78% | 0.81% | 0.89% | 0.97% | 1.30% | 0.86% |
| Payout Ratio | 30.73% | 22.75% | 20.14% | 23.24% | 23.95% | 23.96% |
| Buyback Yield / Dilution | -3.26% | 2.92% | 0.48% | 1.20% | 3.24% | 0.92% |
| Total Shareholder Return | -2.48% | 3.72% | 1.38% | 2.17% | 4.54% | 1.78% |