Illinois Tool Works Inc. logo ITW - Illinois Tool Works Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 13
SELL 9
STRONG
SELL
0
| PRICE TARGET: $275.75 DETAILS
HIGH: $301.00
LOW: $254.00
MEDIAN: $276.50
CONSENSUS: $275.75
UPSIDE: 0.62%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 16,044 15,898 16,107 15,932 14,455 12,574 14,109 14,768 14,314 13,599 13,405 14,484 14,135 17,924 17,786.6 15,870.4 13,877.1 15,869.4 16,170.6 14,055.0 12,921.8 11,731.4 10,035.6 9,467.7 9,292.8 9,983.6 9,333.2 5,647.9 5,220.4 4,996.7 4,152.2 3,461.3 3,159.2 2,811.6 2,639.7 2,544.2 2,172.7 1,929.8 1,698.4 961.1
Cost of Revenue 8,969 8,959 9,429 9,563 8,622 7,529 8,346 8,793 8,515 8,120 8,119 8,915 8,804 11,743 11,773.2 10,204.1 9,348.1 10,456.5 10,614.1 9,184.1 8,433.0 7,628.7 6,527.7 6,213.8 6,191.3 6,193.3 5,773.4 3,466.2 3,237.6 3,142.5 2,597.2 2,187.3 1,990.6 1,737.1 1,648.5 1,587.1 1,367 1,212.9 1,061.8 586.1
Gross Profit 7,075 6,939 6,678 6,369 5,833 5,045 5,763 5,975 5,799 5,479 5,286 5,569 5,331 6,181 6,013.4 5,211.6 4,529.0 5,412.9 5,556.5 4,871.0 4,488.8 4,102.8 3,507.9 3,253.9 3,101.5 3,790.3 3,559.8 2,181.7 1,982.8 1,854.2 1,555 1,274 1,168.6 1,074.5 991.2 957.1 805.7 716.9 636.6 375
Operating Expenses
R&D Expenses 0 292 284 269 239 214 221 233 225 223 218 227 240 266 243.0 213.3 198.5 210.7 203.5 144.9 127.9 123.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 2,779 2,383 2,354 2,310 2,117 1,949 2,140 2,158 2,175 2,192 2,199 2,451 2,575 3,066 3,039.4 2,743.2 2,838.9 2,862.4 2,727.1 2,287.3 2,087.0 1,901.0 1,850.2 1,720.2 1,690.8 1,813.5 1,730 890.6 870.3 875.4 776.6 650.1 658.4 586.8 552.9 510.3 417.9 369.1 339.1 223.8
Other Expenses 80 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24.3 27.9 104.6 413.4 343.3 211.8 185.4 178.2 151.9 132.1 131.7 125.3 115.4 102.1 84.7 75.1 57.8 37.2
Operating Expenses 2,859 2,675 2,638 2,579 2,356 2,163 2,361 2,391 2,400 2,415 2,417 2,678 2,815 3,332 3,282.4 2,956.6 3,037.4 3,073.1 2,930.6 2,432.2 2,214.9 2,024.4 1,874.5 1,748.2 1,795.4 2,226.8 2,073.3 1,102.4 1,055.7 1,053.6 928.5 782.2 790.1 712.1 668.3 612.4 502.6 444.2 396.9 261
Operating Income
Operating Income 4,216 4,264 4,040 3,790 3,477 2,882 3,402 3,584 3,494 3,064 2,867 2,888 2,514 2,847 2,731.0 2,356.7 1,386.0 2,338.2 2,623.8 2,420.9 2,259.2 2,056.6 1,633.5 1,505.8 1,306.1 1,563.4 1,486.5 1,079.3 927.1 800.6 626.5 491.8 378.5 362.4 322.9 344.7 303.1 272.7 239.7 114
Interest Expense 292 283 266 203 202 206 221 257 260 237 226 250 239 214 192.1 175.5 164.8 154.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 44 53 31 41 25 44 44 61 38 56 73 62 51 57.8 44.9 22.5 46.1 42.8 109.5 27.9 25.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 4,650.0 5,107 4,484 4,455 3,938 3,337 3,935 4,112 3,992 3,615 3,420 3,453 3,106 4,428 3,374.5 2,798.9 1,947.2 2,879.0 3,202.4 2,957.0 2,636.9 2,400.2 1,940.0 1,811.5 1,692.4 1,976.8 1,829.8 1,605.4 1,363.4 978.8 797.9 623.9 510.2 487.7 438.3 446.8 387.8 347.8 297.5 151.2
EBIT 4,258 4,705 4,089 4,045 3,528 2,910 3,509 3,651 3,530 3,145 2,945 2,949 2,586 3,817 2,784.8 2,264.0 1,378.6 2,343.8 2,683.1 2,530.9 2,268.6 2,068.6 1,633.5 1,505.8 1,306.1 1,563.4 1,486.5 1,308.8 1,105.3 800.6 646 491.8 378.5 362.4 322.9 344.7 303.1 272.7 239.7 114
Income Before Tax 3,966 4,422 3,823 3,842 3,326 2,704 3,288 3,394 3,270 2,908 2,719 2,699 2,347 3,603 2,592.7 2,212.0 1,213.8 2,191.4 2,581.0 2,445.2 2,181.6 1,999.4 1,576.1 1,433.6 1,230.8 1,478.2 1,352.7 1,059.6 924.4 770.3 623.7 450.3 335.9 309.8 287.8 299.9 269 232.8 200.1 148.1
Income Tax Expense 900 934 866 808 632 595 767 831 1,583 873 820 809 717 1,108 575.7 684.8 244.3 608.1 754.9 727.5 686.7 659.8 535.9 501.8 428.4 520.2 511.6 386.8 337.4 284 236.1 172.5 129.3 117.7 107.2 117.5 105.2 92.8 93.9 68.5
Net Income 3,066 3,488 2,957 3,034 2,694 2,109 2,521 2,563 1,687 2,035 1,899 2,946 1,679 2,870 2,071.4 1,527.2 947.0 1,519.0 1,869.9 1,717.7 1,494.9 1,338.7 1,023.7 712.6 805.7 958.0 841.1 672.8 587 486.3 387.6 277.8 206.6 192.1 180.6 182.4 163.8 140 106.2 79.6
Per Share Data
EPS (Basic) 10.52 11.75 9.77 9.80 8.55 6.66 7.78 7.65 4.90 5.73 5.16 7.33 3.76 6.11 4.21 3.00 1.89 2.93 3.39 3.04 1.31 1.11 1.67 1.17 1.33 1.59 1.40 1.62 0.58 0.25 0.21 0.61 0.11 0.05 0.05 0.05 0.05 0.04 0.03 0.01
EPS (Diluted) 10.49 11.71 9.74 9.77 8.51 6.63 7.74 7.60 4.86 5.70 5.13 7.28 3.74 6.06 4.19 2.99 1.89 2.91 3.36 3.01 1.30 1.10 1.66 1.16 1.32 1.58 1.38 1.33 0.57 0.24 0.20 0.61 0.11 0.05 0.05 0.05 0.05 0.04 0.03 0.01
Shares Outstanding 292.3 296.8 302.6 309.6 315.1 316.9 323.9 335 344.1 355 367.9 401.7 446.2 469.8 491.4 500.8 500.2 518.6 551.5 565.0 574.7 610.4 614.8 611.7 608.0 602.5 600.8 500.3 499.2 496.1 473.5 453.6 453.2 448.6 445.7 438.4 429.3 422.8 414.6 410.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 851 948 1,065 708 1,527 2,564 1,981 1,504 3,094 2,472 3,090 3,990 3,618 2,779 1,178 1,190.0 1,318.8 743.0 827.5 590.2 370.4 667.4 1,684.5 1,057.7 282.2 151.3 233 93.5 185.9 137.7 116.6 76.9 35.4 31.2 93.1 46.8 30.9 26.7 32.1 27.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 3,404 3,096 3,251 3,273 2,942 2,621 2,611 2,622 2,628 2,357 2,203 2,472 2,365 3,044 2,996 2,678.1 2,491.5 2,612.5 3,205.1 2,773.2 2,098.3 2,054.6 1,721.2 1,500.0 1,450.0 1,654.6 1,630.9 989.1 902 840.1 741.3 612.6 544.2 492.2 483 474.1 380.2 316.5 578.7 239.6
Inventory 1,659 1,605 1,707 2,054 1,694 1,189 1,164 1,318 1,220 1,076 1,086 1,180 1,247 1,585 1,716 1,547.4 1,356.2 1,673.2 1,625.8 1,482.5 1,203.1 1,281.2 992.0 962.7 994.2 1,181.4 1,084.2 581.8 523 526 519 439.5 403.9 400.6 427.2 468 365.2 315.6 20.1 278.9
Other Current Assets 226 147 157 183 140 119 472 334 336 218 341 2,906 2,586 500 919 301.6 231.9 866.1 477.0 316.2 168.7 147.4 217.6 221.8 297.6 341.7 324.8 170.1 247.7 197.3 155.6 133.9 110.1 80.8 84.7 154.6 47.9 54.8 43.3 52.2
Total Current Assets 6,200 5,856 6,235 6,270 6,374 6,523 6,253 5,778 7,278 6,123 6,720 8,076 9,816 7,960 6,849 5,968.4 5,674.6 5,923.7 6,165.7 5,206.4 4,111.6 4,322.2 4,783.2 3,878.8 3,163.2 3,329.1 3,272.9 1,834.5 1,858.6 1,701.1 1,532.5 1,262.9 1,093.6 1,004.8 1,088 1,143.5 824.2 713.6 674.2 597.8
Non-Current Assets
Property, Plant & Equipment 2,524 2,302 2,224 1,848 1,809 1,777 1,729 1,791 1,778 1,652 1,577 1,686 1,709 1,994 2,025.4 2,023.0 2,136.5 1,968.6 2,194.0 2,053.5 1,807.1 1,876.9 1,728.6 1,631.2 1,633.7 1,722.5 1,633.9 987.5 884.1 808.3 694.9 641.2 583.8 524.1 525.7 483.5 413.6 342.8 318.7 317.8
Goodwill 5,098 4,839 4,909 4,864 4,965 4,690 4,492 4,633 4,752 4,558 4,439 4,667 4,886 5,530 5,197.6 4,879.3 4,860.7 4,504.3 4,387.2 4,025.1 3,009.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 591 592 657 768 972 781 851 1,084 1,272 1,463 1,560 1,799 1,999 2,258 2,233.4 1,694.6 1,723.4 1,774.0 1,296.2 1,113.6 669.9 3,193.1 2,798.9 2,624.8 2,738.7 2,483.9 2,030 1,189.3 774.3 711.2 518.7 394.2 363.8 356.6 350.4 294.9 289 183.8 189.2 198.4
Long-Term Investments 0 0 0 0 0 0 51 51 53 73 212 251 294 146 408.9 441.6 451.3 466 508 595 896 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,216 1,109 1,014 1,178 1,405 1,308 1,176 979 1,142 883 875 898 903 1,030 635.1 619.9 562.4 500.2 913.4 770.6 906.7 1,726.6 1,511.9 1,946.6 1,847.4 2,068.0 2,123.5 2,106.9 1,877.8 1,585.6 867 282.2 295.7 318.7 293 228.4 161.2 140 102.8 162.2
Total Non-Current Assets 9,948 9,211 9,283 9,152 9,703 9,089 8,815 9,092 9,502 9,078 9,009 9,602 10,150 11,349 11,134.2 10,281.9 10,407.4 9,289.4 9,360.2 8,674.0 7,334.0 7,029.7 6,410.1 6,744.3 6,659.1 6,274.4 5,787.4 4,283.7 3,536.2 3,105.1 2,080.6 1,317.6 1,243.3 1,199.4 1,169.1 1,006.8 863.8 666.6 610.7 678.4
Total Assets 16,148 15,067 15,518 15,422 16,077 15,612 15,068 14,870 16,780 15,201 15,729 17,678 19,966 19,309 17,983.5 16,250.3 16,082.0 15,213.1 15,525.9 13,880.4 11,445.6 11,351.9 11,193.3 10,623.1 9,822.3 9,603.5 9,060.3 6,118.2 5,394.8 4,806.2 3,613.1 2,580.5 2,336.9 2,204.2 2,257.1 2,150.3 1,688 1,380.2 1,284.9 1,276.2
Current Liabilities
Account Payables 522 519 581 594 585 534 472 524 590 511 449 512 634 676 696.8 754.1 689.6 684.0 854.1 707.7 560.1 603.8 481.4 417.0 367.2 455.4 470.2 421 269.1 248.1 221.5 174.7 149.2 138.2 155 157.5 122.8 0 0 0
Short-Term Debt 2,286 1,555 1,825 1,590 778 350 4 1,351 850 652 526 1,476 3,551 459 502 317.8 213.7 0 410.5 462.7 252.9 203.5 56.1 121.6 313.4 425.8 553.7 406.7 298.3 390.4 176.2 67 107.1 83.3 182.1 65.3 36.1 31.7 47.7 35.7
Deferred Revenue 0 360 395 427 394 222 188 215 205 180 169 194 207 243 245 0 0 215.2 220.4 173.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 465 421 455 467 474 349 420 407 427 395 378 455 810 556 691 0 0 (194.7) 353.8 105.6 173.8 84.3 80.5 194.9 100.0 936.4 1,021.5 1,003.4 590.5 580.8 453.2 386.7 289.8 291.2 308.9 305.6 224.9 289.7 294.1 268.5
Total Current Liabilities 5,126 4,308 4,675 4,460 3,470 2,589 2,154 3,542 3,053 2,760 2,368 3,533 6,034 2,651 2,976.7 3,093.6 2,835.6 4,875.6 2,960.3 2,636.6 2,000.7 1,851.0 1,488.9 1,567.2 1,518.2 1,817.6 2,045.4 1,222 1,157.9 1,219.3 850.9 628.4 546.1 512.7 646 528.4 383.8 321.4 341.8 304.2
Non-Current Liabilities
Long-Term Debt 6,683 6,308 6,339 6,173 6,909 7,772 7,754 6,029 7,478 7,177 6,896 5,981 2,793 4,589 3,488 2,512.0 2,914.9 1,243.7 1,888.8 955.6 958.3 921.1 920.4 1,460.4 1,267.1 1,549.0 1,360.7 947 854.3 818.9 615.6 273 375.6 252 307.1 430.6 334.4 225.9 309.5 468.3
Deferred Tax Liabilities 154 119 326 484 654 588 668 707 164 134 256 338 507 244 117 186.9 207.7 114.6 260.7 259.2 0 0 0 0 0 0 0 0 0 0 0 69.5 92.5 54.1 58.8 62.8 72.7 66.9 6.9 13.7
Other Non-Current Liabilities 959 857 1,017 1,085 1,285 1,348 1,334 1,334 1,496 871 981 1,002 923 1,255 1,368 1,076.5 1,305.9 1,330.4 1,064.8 1,011.6 939.7 952.3 909.8 946.5 996.3 835.8 838.8 908.7 576.1 372 222.4 68.1 64 45.7 33.1 36.7 26 21.3 18.2 13.4
Total Non-Current Liabilities 7,796 7,442 7,830 7,873 8,981 9,841 9,884 8,070 9,138 8,182 8,133 7,321 4,223 6,088 4,972.7 3,775.4 4,428.5 2,674.0 3,214.3 2,226.3 1,898.0 1,873.4 1,830.1 2,406.9 2,263.5 2,384.9 2,199.5 1,558.2 1,430.4 1,190.9 838 410.6 532.1 351.8 399 530.1 433.1 314.1 334.6 495.4
Total Liabilities 12,922 11,750 12,505 12,333 12,451 12,430 12,038 11,612 12,191 10,942 10,501 10,854 10,257 8,739 7,949.4 6,869.0 7,264.1 7,549.6 6,174.5 4,862.9 3,898.7 3,724.3 3,319.0 3,974.0 3,781.6 4,202.5 4,244.9 2,780.2 2,588.3 2,410.2 1,688.9 1,039 1,078.2 864.5 1,045 1,058.5 816.9 635.5 676.4 799.6
Stockholders' Equity
Common Stock 6 6 6 6 6 6 6 6 6 6 6 6 6 5 5.4 5.4 5.3 5.3 5.6 6.3 3.1 3.1 3.1 3.1 3.1 3.0 3 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 30,150 28,893 27,122 25,799 24,325 23,114 22,403 21,217 20,210 19,505 18,316 17,173 14,943 13,973 11,794.2 10,399.2 9,521.7 9,196.5 9,879.1 10,406.5 9,112.3 7,963.5 6,937.1 6,202.3 5,765.4 5,214.1 4,485.5 3,130.2 2,592.4 2,105.1 1,673.3 1,344.2 1,129.4 1,201.5 1,060.9 918.6 771.8 634.9 512.4 427
Accumulated Other Comprehensive Income (1,827) (1,877) (1,834) (1,841) (1,502) (1,642) (1,705) (1,677) (1,287) (1,807) (1,504) (658) 384 293 224.2 245.5 400.7 (253.2) 1,050.8 446.6 122.0 413.4 109.8 (302.4) (401.9) (398.7) (188.5) (1,429.9) (1,233.3) (1,132.8) (925.6) (759.6) 0 0 0 0 0 0 0 0
Total Stockholders' Equity 3,225 3,316 3,012 3,088 3,625 3,181 3,026 3,254 4,585 4,254 5,224 6,819 9,703 10,561 10,017.8 9,370.3 8,808.2 7,663.5 9,351.3 9,017.5 7,546.9 7,627.6 7,874.3 6,649.1 6,040.7 5,401.0 4,815.4 3,338 2,806.5 2,396 1,924.2 1,541.5 1,258.7 1,339.7 1,212.1 1,091.8 871.1 744.7 608.5 476.6
Total Liabilities & Equity 16,148 15,067 15,518 15,422 16,077 15,612 15,068 14,870 16,780 15,201 15,729 17,678 19,966 19,309 17,983.5 16,250.3 16,082.0 15,213.1 15,525.9 13,880.4 11,445.6 11,351.9 11,193.3 10,623.1 9,822.3 9,603.5 9,060.3 6,118.2 5,394.8 4,806.2 3,613.1 2,580.5 2,336.9 2,204.2 2,257.1 2,150.3 1,688 1,380.2 1,284.9 1,276.2
Debt Metrics
Total Debt 8,969 8,078 8,370 7,949 7,881 8,310 7,937 7,380 8,328 7,829 7,422 7,457 6,344 5,048 3,990.3 2,829.7 3,128.6 3,677.2 2,299.4 1,418.3 1,211.2 1,124.6 976.5 1,582.0 1,580.6 1,974.8 1,914.4 1,353.7 1,152.6 1,209.3 791.8 340 482.7 335.3 489.2 495.9 370.5 257.6 357.2 504
Net Debt 8,118 7,130 7,305 7,241 6,354 5,746 5,956 5,876 5,234 5,357 4,332 3,467 2,726 2,269 2,812.4 1,639.7 1,809.8 2,934.2 1,471.8 828.1 840.8 457.2 (708.0) 524.3 1,298.4 1,823.5 1,681.4 1,260.2 966.7 1,071.6 675.2 263.1 447.3 304.1 396.1 449.1 339.6 230.9 325.1 476.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Operating Activities
Net Income 3,066 3,488 2,957 3,034 2,694 2,109 2,521 2,563 1,687 2,035 1,899 1,228 1,770 2,395 (13.0) 1,527.2 947.0 1,519.0 1,869.9 1,717.7 1,494.9 1,338.7 1,023.7 712.6 805.7 958.0 841.1 672.8 587 486.3 387.6 277.8 206.6 192.1 180.6 182.4 163.8
Depreciation & Amortization 397 402 395 410 410 427 426 461 462 470 477 507 613 613 594.0 548.3 674.9 691.9 524.7 443.9 383.1 385.8 306.6 305.8 386.3 413.4 343.3 211.8 185.4 178.2 151.9 132.1 131.7 125.3 115.4 102.1 84.7
Stock-Based Compensation 69 61 69 63 53 42 41 40 36 39 41 39 37 54 56.4 56.4 51.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (406) (18) 210 (816) (438) 249 31 (288) 158 38 (106) (159) 163 (287) (571.0) (389.8) 904.5 17.9 143.8 (212.4) (57.1) (209.0) (101.6) 184.5 190.7 (140.8) (151.7) (152.6) (51.7) 25.9 (92) (7.6) (26.9) (8.6) (9.7) (37.7) (39.6)
Other Non-Cash Items 17 (476) (4) (193) (14) 10 (56) 1 (5) (17) (1) (54) (61) (946) 2,052.6 (31.0) 45.9 90.0 (48.6) (50.2) (44.0) (126.7) (63.9) 146.3 (70.3) (87.1) (101.4) (70.4) (52.6) (48.4) 13.9 16.9 16 6.6 (4.1) 5.2 8.3
Operating Cash Flow 3,126 3,281 3,539 2,348 2,557 2,807 2,995 2,811 2,402 2,302 2,299 1,616 2,528 2,072 1,956.0 1,560.8 2,146.6 2,222.9 2,484.3 2,066.0 1,846.5 1,532.0 1,368.7 1,288.8 1,351.0 1,122.4 1,036.6 721.5 660.3 629.4 437.5 387.5 314.1 311.3 278.1 247.5 223.5
Investing Activities
Capital Expenditure (419) (437) (455) (412) (296) (236) (326) (364) (297) (273) (284) (361) (368) (382) (353.4) (286.2) (247.1) (355.5) (353.4) (301.0) (293.1) (282.6) (258.3) (271.4) (256.6) (313.9) (1,141.5) (959.9) (178.7) (168.7) (150.2) (131.1) (119.9) (62.5) (106) (101.2) (84.3)
Acquisitions (107) 280 27 276 (731) 1 116 1 (1) (450) 23 (27) (367) 397 (1,286.2) (370.4) (264.4) (1,440.9) (652.3) (1,338.4) (626.9) (587.8) (203.7) (188.2) (556.2) (798.8) 0 22.1 17.1 20.8 13.5 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 8 10 25 0 14 183 30 3,219 244 (1) (5.6) (16.0) (17.6) (19.6) (28.7) (25.3) (120.2) (64.4) (133.2) (194.7) (101.3) (22.1) 0 (13.2) (89.7) (104.2) (126.3) 0 0 0 0 0 0
Sales/Maturities of Investments 7 11 27 12 38 14 20 16 43 21 22 28 40 281 36.5 25.3 20.2 26.9 91.2 367.4 220.1 85.4 59.5 77.8 214.5 84.1 133 45.5 43.8 50 34 0 0 0 0 0 0
Other Investing Activities (2) 2 (2) 14 (3) (3) (18) 22 4 170 29 3,202 239 752 29.6 40.5 4.8 33.0 19.2 23.0 35.8 38.0 51.9 243.4 37.6 39.3 80.1 37.2 (30) (298.5) (182.3) (11.1) (273.7) (98.8) 7.3 (194.7) (203.2)
Investing Cash Flow (521) (144) (403) (110) (984) (214) (183) (325) (251) (532) (210) 2,842 (456) 1,047 (1,579.1) (606.8) (504.1) (1,756.1) (924.0) (1,274.4) (784.4) (811.3) (483.9) (333.3) (662.0) (1,011.4) (928.4) (890.4) (254.6) (521.4) (424.8) (142.2) (393.6) (161.3) (98.7) (295.9) (287.5)
Financing Activities
Net Debt Issuance 508 (8) 294 276 (141) (4) 422 (851) 197 465 151 1,339 1,264 1,015 1,148 (190.1) (736.5) 1,467.2 777.4 178.4 93.1 127.5 (95.8) (3.5) (309.0) 38.3 245.8 343.8 (249.8) (14.8) 136.1 (152.1) 133.1 (151.8) (46.6) 85.3 90.8
Stock Repurchased (1,500) (1,500) (1,500) (1,750) (1,000) (706) (1,500) (2,000) (1,000) (2,000) (2,002) (4,346) (2,106) (2,020) (950) (350) 0 (1,390.6) (1,757.8) (446.9) (1,041.8) (1,729.8) 0 0 0 0 (45) (45.3) (53.4) 0 (40) 0 0 0 0 0 0
Dividends Paid (1,785) (1,695) (1,615) (1,542) (1,463) (1,379) (1,321) (1,124) (941) (821) (742) (711) (528) (865) (680.3) (636.2) (619.7) (598.7) (502.4) (398.8) (335.1) (304.6) (285.4) (272.3) (249.1) (223.0) (183.6) (127.4) (107.1) (85.5) (71.8) (61.2) (55.2) (50.3) (44.1) (35.9) (28.7)
Other Financing Activities (32) (38) 39 (13) 40 (26) 73 (11) (14) 17 8 19 24 16 7.8 13.4 4.1 4.0 (23.8) 13.1 (7.1) 0 0.0 2.8 1.3 (0.5) (15.5) (86.3) 79.2 2.9 (7.9) 0 0 (19.4) (47.3) 1.1 1
Financing Cash Flow (2,744) (3,189) (2,782) (3,000) (2,564) (2,049) (2,326) (3,964) (1,674) (2,255) (2,526) (3,551) (1,140) (1,571) (321.4) (1,047.9) (1,250.4) (461.9) (1,389.9) (575.2) (1,266.3) (1,827.8) (340.8) (228.6) (556.8) (159.8) 23.6 80 (336.5) (91.9) 24 (210.1) 86.2 (210.5) (128.5) 58.3 71.4
Cash Position
Net Change in Cash (97) (117) 357 (819) (1,037) 583 477 (1,590) 622 (618) (900) 372 839 1,601 (8.5) (128.7) 575.8 (84.6) 237.3 219.8 (297.0) (1,017.1) 626.8 775.5 130.9 (81.7) 123.4 (92.3) 48.2 21 39.7 41.5 4.2 (61.9) 46.3 15.9 4.2
Cash at Beginning 948 1,065 708 1,527 2,564 1,981 1,504 3,094 2,472 3,090 3,990 3,618 2,779 1,178 1,186.4 1,318.8 743.0 827.5 590.2 370.4 667.4 1,684.5 1,057.7 282.2 151.3 233.0 109.5 185.9 137.7 116.6 76.9 35.4 31.2 93.1 46.8 30.9 26.7
Cash at End 851 948 1,065 708 1,527 2,564 1,981 1,504 3,094 2,472 3,090 3,990 3,618 2,779 1,177.9 1,190.0 1,318.8 743.0 827.5 590.2 370.4 667.4 1,684.5 1,057.7 282.2 151.3 232.9 93.6 185.9 137.6 116.6 76.9 35.4 31.2 93.1 46.8 30.9
Free Cash Flow 2,707 2,844 3,084 1,936 2,261 2,571 2,669 2,447 2,105 2,029 2,015 1,255 2,160 1,690 1,602.6 1,274.6 1,899.5 1,867.4 2,130.9 1,765.0 1,553.4 1,249.5 1,110.4 1,017.3 1,094.5 808.5 (104.9) (238.4) 481.6 460.7 287.3 256.4 194.2 248.8 172.1 146.3 139.2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 16,044 15,898 16,107 15,932 14,455 12,574 14,109 14,768 14,314 13,599 13,405 14,484 14,135 17,924 17,786.6 15,870.4 13,877.1 15,869.4 16,170.6 14,055.0 12,921.8 11,731.4 10,035.6 9,467.7 9,292.8 9,983.6 9,333.2 5,647.9 5,220.4 4,996.7 4,152.2 3,461.3 3,159.2 2,811.6 2,639.7 2,544.2 2,172.7 1,929.8 1,698.4 961.1
Gross Profit 7,075 6,939 6,678 6,369 5,833 5,045 5,763 5,975 5,799 5,479 5,286 5,569 5,331 6,181 6,013.4 5,211.6 4,529.0 5,412.9 5,556.5 4,871.0 4,488.8 4,102.8 3,507.9 3,253.9 3,101.5 3,790.3 3,559.8 2,181.7 1,982.8 1,854.2 1,555 1,274 1,168.6 1,074.5 991.2 957.1 805.7 716.9 636.6 375
Operating Income 4,216 4,264 4,040 3,790 3,477 2,882 3,402 3,584 3,494 3,064 2,867 2,888 2,514 2,847 2,731.0 2,356.7 1,386.0 2,338.2 2,623.8 2,420.9 2,259.2 2,056.6 1,633.5 1,505.8 1,306.1 1,563.4 1,486.5 1,079.3 927.1 800.6 626.5 491.8 378.5 362.4 322.9 344.7 303.1 272.7 239.7 114
Net Income 3,066 3,488 2,957 3,034 2,694 2,109 2,521 2,563 1,687 2,035 1,899 2,946 1,679 2,870 2,071.4 1,527.2 947.0 1,519.0 1,869.9 1,717.7 1,494.9 1,338.7 1,023.7 712.6 805.7 958.0 841.1 672.8 587 486.3 387.6 277.8 206.6 192.1 180.6 182.4 163.8 140 106.2 79.6
EPS (Diluted) 10.49 11.71 9.74 9.77 8.51 6.63 7.74 7.60 4.86 5.70 5.13 7.28 3.74 6.06 4.19 2.99 1.89 2.91 3.36 3.01 1.30 1.10 1.66 1.16 1.32 1.58 1.38 1.33 0.57 0.24 0.20 0.61 0.11 0.05 0.05 0.05 0.05 0.04 0.03 0.01
Balance Sheet
Cash & Equivalents 851 948 1,065 708 1,527 2,564 1,981 1,504 3,094 2,472 3,090 3,990 3,618 2,779 1,178 1,190.0 1,318.8 743.0 827.5 590.2 370.4 667.4 1,684.5 1,057.7 282.2 151.3 233 93.5 185.9 137.7 116.6 76.9 35.4 31.2 93.1 46.8 30.9 26.7 32.1 27.1
Total Assets 16,148 15,067 15,518 15,422 16,077 15,612 15,068 14,870 16,780 15,201 15,729 17,678 19,966 19,309 17,983.5 16,250.3 16,082.0 15,213.1 15,525.9 13,880.4 11,445.6 11,351.9 11,193.3 10,623.1 9,822.3 9,603.5 9,060.3 6,118.2 5,394.8 4,806.2 3,613.1 2,580.5 2,336.9 2,204.2 2,257.1 2,150.3 1,688 1,380.2 1,284.9 1,276.2
Total Debt 8,969 8,078 8,370 7,949 7,881 8,310 7,937 7,380 8,328 7,829 7,422 7,457 6,344 5,048 3,990.3 2,829.7 3,128.6 3,677.2 2,299.4 1,418.3 1,211.2 1,124.6 976.5 1,582.0 1,580.6 1,974.8 1,914.4 1,353.7 1,152.6 1,209.3 791.8 340 482.7 335.3 489.2 495.9 370.5 257.6 357.2 504
Stockholders' Equity 3,225 3,316 3,012 3,088 3,625 3,181 3,026 3,254 4,585 4,254 5,224 6,819 9,703 10,561 10,017.8 9,370.3 8,808.2 7,663.5 9,351.3 9,017.5 7,546.9 7,627.6 7,874.3 6,649.1 6,040.7 5,401.0 4,815.4 3,338 2,806.5 2,396 1,924.2 1,541.5 1,258.7 1,339.7 1,212.1 1,091.8 871.1 744.7 608.5 476.6
Cash Flow
Operating Cash Flow 3,126 3,281 3,539 2,348 2,557 2,807 2,995 2,811 2,402 2,302 2,299 1,616 2,528 2,072 1,956.0 1,560.8 2,146.6 2,222.9 2,484.3 2,066.0 1,846.5 1,532.0 1,368.7 1,288.8 1,351.0 1,122.4 1,036.6 721.5 660.3 629.4 437.5 387.5 314.1 311.3 278.1 247.5 223.5
Capital Expenditure (419) (437) (455) (412) (296) (236) (326) (364) (297) (273) (284) (361) (368) (382) (353.4) (286.2) (247.1) (355.5) (353.4) (301.0) (293.1) (282.6) (258.3) (271.4) (256.6) (313.9) (1,141.5) (959.9) (178.7) (168.7) (150.2) (131.1) (119.9) (62.5) (106) (101.2) (84.3)
Free Cash Flow 2,707 2,844 3,084 1,936 2,261 2,571 2,669 2,447 2,105 2,029 2,015 1,255 2,160 1,690 1,602.6 1,274.6 1,899.5 1,867.4 2,130.9 1,765.0 1,553.4 1,249.5 1,110.4 1,017.3 1,094.5 808.5 (104.9) (238.4) 481.6 460.7 287.3 256.4 194.2 248.8 172.1 146.3 139.2