ITT (ITT) financial statements
ITT reported revenue of $3.9B in fiscal 2025, up 5.6% a year over 9 years.
Net income was $488M and the operating margin 17.4%, against 11.5% in 2016.
Free cash flow was $548M, and the company returned $111M in dividends and $521M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ITT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.6B | $2.7B | $2.8B | $2.5B | $2.8B | $3.0B | $3.3B | $3.6B | $3.9B |
| Cost of revenue | $1.6B | $1.8B | $1.9B | $1.9B | $1.7B | $1.9B | $2.1B | $2.2B | $2.4B | $2.5B |
| Gross profit | $761M | $820M | $887M | $910M | $782M | $900M | $922M | $1.1B | $1.2B | $1.4B |
| Research and development | $80M | $94M | $98M | $98M | $85M | $95M | $96M | $103M | $116M | $111M |
| Selling, general and admin | $430M | $428M | $422M | $407M | $347M | $372M | $374M | $468M | $503M | $597M |
| Operating income | $277M | $319M | $397M | $411M | $226M | $504M | $468M | $530M | $678M | $684M |
| Interest expense | — | — | — | — | — | — | $11M | $19M | $37M | $48M |
| Pre-tax income | $258M | $309M | $391M | $414M | $85M | $509M | $462M | $522M | $650M | $652M |
| Income tax | $76M | $195M | $58M | $90M | $15M | $190M | $91M | $105M | $126M | $160M |
| Net income | $186M | $114M | $334M | $325M | $72M | $316M | $367M | $412M | $520M | $488M |
| EPS (diluted) | $2.07 | $1.28 | $3.76 | $3.67 | $0.83 | $3.66 | $4.38 | $4.98 | $6.32 | $6.11 |
| Diluted shares | 90M | 89M | 89M | 89M | 87M | 86M | 84M | 83M | 82M | 80M |
| Gross margin | 31.6% | 31.7% | 32.3% | 32.0% | 31.6% | 32.5% | 30.9% | 33.8% | 34.4% | 35.4% |
| Operating margin | 11.5% | 12.4% | 14.5% | 14.5% | 9.1% | 18.2% | 15.7% | 16.2% | 18.7% | 17.4% |
| Net margin | 7.7% | 4.4% | 12.2% | 11.4% | 2.9% | 11.4% | 12.3% | 12.6% | 14.3% | 12.4% |
Balance sheet
Fiscal years, from ITT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $461M | $390M | $561M | $612M | $860M | $648M | $561M | $489M | $439M | $1.7B |
| Receivables | $524M | $630M | $540M | $578M | $508M | $555M | $629M | $675M | $703M | $756M |
| Inventory | $295M | $312M | $380M | $393M | $360M | $431M | $534M | $575M | $612M | $672M |
| Total current assets | $1.4B | $1.5B | $1.6B | $1.7B | $1.9B | $1.7B | $1.8B | $1.9B | $1.9B | $3.4B |
| Property, plant and equipment | $464M | $522M | $519M | $532M | $525M | $509M | $527M | $561M | $577M | $627M |
| Goodwill | $775M | $887M | $876M | $927M | $945M | $924M | $965M | $1.0B | $1.4B | $1.5B |
| Total assets | $3.6B | $3.7B | $3.8B | $4.1B | $4.3B | $3.6B | $3.8B | $3.9B | $4.7B | $6.3B |
| Total current liabilities | $866M | $899M | $872M | $850M | $871M | $928M | $1.2B | $1.0B | $1.3B | $1.3B |
| Long-term debt | $2M | $8M | $9M | $13M | $13M | $10M | $8M | $6M | $233M | $522M |
| Total liabilities | $2.2B | $2.1B | $2.0B | $2.0B | $2.1B | $1.3B | $1.5B | $1.4B | $1.9B | $2.2B |
| Shareholders' equity | $1.4B | $1.6B | $1.8B | $2.1B | $2.1B | $2.2B | $2.2B | $2.5B | $2.8B | $4.1B |
| Net debt | -$245M | -$218M | -$436M | -$513M | -$740M | -$440M | -$102M | -$296M | $221M | -$960M |
Cash flow
Fiscal years, from ITT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $241M | $247M | $372M | $358M | $436M | -$8M | $278M | $538M | $563M | $669M |
| Capital spending | $111M | $113M | $96M | $91M | $64M | $88M | $104M | $108M | $124M | $121M |
| Free cash flow | $129M | $134M | $276M | $266M | $372M | -$97M | $174M | $430M | $439M | $548M |
| Stock-based compensation | $13M | $18M | $22M | $16M | $13M | $16M | $18M | $20M | $26M | $36M |
| Dividends paid | $45M | $45M | $47M | $52M | $59M | $76M | $88M | $96M | $105M | $111M |
| Share buybacks (net) | -$78M | -$33M | -$56M | -$41M | -$73M | -$105M | -$245M | -$60M | -$104M | -$521M |
| Net borrowing | $18M | $55M | -$44M | -$22M | $12M | $93M | $258M | -$268M | $466M | $75M |
| Free cash flow margin | 5.4% | 5.2% | 10.1% | 9.4% | 15.0% | -3.5% | 5.8% | 13.1% | 12.1% | 13.9% |
| Dividends per share | $0.50 | $0.51 | $0.53 | $0.59 | $0.68 | $0.88 | $1.05 | $1.16 | $1.27 | $1.39 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ITT.
Open ITT in InvestinglyQuestions
What was ITT's revenue in 2025?
$3.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does ITT generate?
$548M in fiscal 2025 (operating cash flow minus capital spending).
From ITT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.