ITT Inc. income statement
In fiscal 2025, ITT Inc. reported revenue of $3.94bn, up 8.5% on the year before, operating income of $685m (a 17.4% margin) and net income of $488m, or $6.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,770 | 1,891 | 2,086 | 2,228 | 2,497 | 2,655 | 2,486 | 2,405 | 2,585 | 2,745 | 2,846 | 2,478 | 2,765 | 2,988 | 3,283 | 3,631 | 3,939 | 4,738 |
| Cost of revenue | 1,207 | 1,287 | 1,441 | 1,548 | 1,697 | 1,788 | 1,677 | 1,645 | 1,765 | 1,858 | 1,936 | 1,696 | 1,866 | 2,065 | 2,173 | 2,381 | 2,546 | 3,070 |
| Gross profit | 563 | 604 | 645 | 680 | 800 | 866 | 809 | 761 | 820 | 887 | 910 | 782 | 900 | 922 | 1,110 | 1,249 | 1,392 | 1,668 |
| Research and development | 53 | 59 | 64 | 63 | 67 | 77 | 79 | 81 | 94 | 98 | 98 | 85 | 95 | 97 | 103 | 116 | 111 | 124 |
| Selling, general and administrative | 1,555 | 1,584 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling and marketing | — | — | 164 | 180 | 216 | 219 | 183 | 170 | 170 | 168 | 166 | 147 | 151 | 157 | 174 | 206 | 229 | 280 |
| General and administrative | — | — | 166 | 235 | 300 | 300 | 258 | 261 | 258 | 254 | 241 | 201 | 231 | 217 | 294 | 297 | 368 | 495 |
| Operating income | −121 | −181 | −245 | 152 | 184 | 266 | 380 | 277 | 319 | 397 | 411 | 227 | 504 | 468 | 531 | 678 | 685 | 680 |
| Interest expense | 98 | 97 | 76 | 0 | 6 | 4 | — | — | — | — | — | — | — | 11 | 19 | 37 | 48 | 101 |
| Net interest income | — | — | — | — | — | — | — | — | — | −1 | 4 | 1 | 1 | −6 | −10 | — | — | — |
| Income before tax | −208 | −273 | −316 | 149 | 181 | 262 | 382 | 258 | 309 | 391 | 414 | 85 | 509 | 462 | 522 | 650 | 652 | 607 |
| Income tax | −97 | −142 | 261 | 40 | −310 | 71 | 70 | 76 | 195 | 58 | 90 | 15 | 190 | 91 | 105 | 126 | 160 | 180 |
| Net income | 629 | 804 | −130 | 125 | 489 | 185 | 352 | 186 | 114 | 334 | 325 | 73 | 316 | 367 | 412 | 520 | 488 | 422 |
| Diluted EPS | $3.50 | $8.75 | −$1.40 | $1.33 | $5.29 | $1.99 | $3.88 | $2.07 | $1.28 | $3.76 | $3.67 | $0.83 | $3.66 | $4.38 | $4.98 | $6.32 | $6.11 | $5.02 |
| Diluted shares (average) | 91m | 92m | 93m | 94m | 92m | 93m | 91m | 90m | 89m | 89m | 89m | 87m | 87m | 84m | 83m | 82m | 80m | 84m |
| EBITDA | −56 | −116 | −174 | 223 | 271 | 355 | 470 | 379 | 425 | 507 | 525 | 339 | 617 | 575 | 640 | 815 | 828 | 824 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 885 | 929 | 913 | 972 | 999 | 1,054 | 1,212 | 1,473 |
| Cost of revenue | 571 | 613 | 590 | 622 | 644 | 680 | 783 | 963 |
| Gross profit | 315 | 316 | 323 | 351 | 355 | 374 | 429 | 510 |
| Research and development | 29 | 28 | 25 | 27 | 28 | 27 | 33 | 36 |
| Selling and marketing | 51 | 55 | 48 | 51 | 58 | 61 | 74 | 88 |
| General and administrative | 75 | 74 | 85 | 86 | 90 | 108 | 154 | 144 |
| Operating income | 209 | 160 | 151 | 175 | 180 | 179 | 141 | 180 |
| Interest expense | 10 | 12 | 9 | 13 | 12 | 15 | 25 | 50 |
| Income before tax | 200 | 150 | 144 | 164 | 173 | 171 | 129 | 135 |
| Income tax | 38 | 22 | 35 | 43 | 44 | 38 | 49 | 49 |
| Net income | 162 | 127 | 108 | 121 | 127 | 132 | 78 | 85 |
| Diluted EPS | $1.97 | $1.55 | $1.33 | $1.52 | $1.62 | $1.65 | $0.89 | $0.95 |
| EBITDA | 230 | 197 | 188 | 198 | 203 | 214 | 195 | 211 |
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