ITT Inc. (ITT) Income Statement
ITT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsITT revenue and net income
Where ITT's revenue goes
2025Each bar shows an amount and its share of revenue. ITT kept 12.4% of revenue as net income.
ITT profit margins
ITT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.5% | +9.6% | +9.7% | +4.7% |
| Gross profit | +11.6% | +14.7% | +12.2% | +5.6% |
| Operating income | +1.3% | +13.5% | +24.8% | +6.1% |
| Net income | −5.8% | +10.0% | +46.4% | +3.3% |
| EPS (diluted) | +14.5% | +15.6% | +16.0% | +10.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ITT quarterly EPS vs estimates
ITT beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $2.07).
ITT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.94B | $3.63B | $3.28B | $2.99B | $2.77B | $2.48B | $2.85B | $2.75B | $2.59B | $2.41B |
| Cost of revenue | $2.55B | $2.38B | $2.18B | $2.07B | $1.87B | $1.70B | $1.94B | $1.86B | $1.77B | $1.65B |
| Gross profit | $1.39B | $1.25B | $1.11B | $922.3M | $899.5M | $782.2M | $910.1M | $887.2M | $817.2M | $758.2M |
| Research & development | $110.8M | $116.3M | $102.6M | $96.5M | $94.9M | $84.9M | $97.9M | $98.4M | $93.7M | $80.8M |
| Sales, general & admin | $597.1M | $296.6M | $468.5M | $217.2M | $230.9M | $345.2M | $407.2M | $253.9M | $258.4M | $260.5M |
| Total operating expenses | $707.9M | $571.3M | $579.1M | $454.3M | $395.2M | $555.7M | $498.7M | $489.9M | $500.6M | $484.3M |
| Operating income | $684.5M | $676.0M | $528.2M | $468.0M | $504.3M | $226.5M | $411.4M | $397.3M | $319.3M | $276.6M |
| Interest income | $37.4M | $6.6M | $8.8M | $6.4M | $1.1M | $700,000 | $4.1M | $400,000 | $300,000 | $800,000 |
| Interest expense | $48.1M | $36.6M | $19.2M | $10.9M | $1.1M | $109.1M | $3.0M | $500,000 | $9.9M | $18.2M |
| Income before taxes | $651.5M | $647.6M | $519.5M | $461.8M | $509.1M | $85.2M | $414.4M | $391.0M | $309.4M | $258.4M |
| Income taxes | $160.1M | $125.8M | $104.8M | $91.1M | $189.6M | $15.3M | $89.9M | $57.7M | $194.6M | $76.0M |
| Net income | $488.0M | $518.3M | $410.5M | $367.0M | $316.3M | $72.5M | $325.1M | $333.7M | $113.5M | $186.1M |
| EBITDA | $842.8M | $821.5M | $647.9M | $580.1M | $521.6M | $433.5M | $470.5M | $500.9M | $424.6M | $377.7M |
| EPS (diluted) | $6.72 | $5.87 | $5.21 | $4.35 | $4.05 | $3.20 | $3.80 | $3.23 | $2.59 | $2.32 |
| Gross margin | 35.4% | 34.4% | 33.7% | 30.9% | 32.5% | 31.6% | 32.0% | 32.3% | 31.6% | 31.5% |
| Operating margin | 17.4% | 18.6% | 16.1% | 15.7% | 18.2% | 9.1% | 14.5% | 14.5% | 12.4% | 11.5% |
| Net margin | 12.4% | 14.3% | 12.5% | 12.3% | 11.4% | 2.9% | 11.4% | 12.2% | 4.4% | 7.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.21B | $1.05B | $999.1M | $972.4M | $913.0M | $929.0M | $885.2M | $905.9M | $910.6M | $829.1M | $822.1M |
| Cost of revenue | $963.0M | $809.8M | $679.9M | $643.9M | $625.6M | $596.7M | $612.6M | $571.2M | $589.8M | $609.8M | $543.1M | $542.7M |
| Gross profit | $510.1M | $402.1M | $374.1M | $355.2M | $346.8M | $316.3M | $316.4M | $314.0M | $316.1M | $300.8M | $286.0M | $279.4M |
| Research & development | $35.8M | $33.1M | $26.8M | $28.1M | $29.0M | $26.9M | $28.0M | $28.6M | $29.7M | $30.0M | $25.5M | $25.0M |
| Sales, general & admin | $231.4M | $154.1M | $168.6M | $147.3M | $142.7M | $138.5M | $128.0M | $74.8M | $127.2M | $121.6M | $141.8M | $111.3M |
| Total operating expenses | $329.8M | $184.3M | $195.4M | $175.4M | $171.7M | $165.4M | $156.5M | $106.1M | $157.1M | $151.6M | $167.2M | $136.3M |
| Operating income | $180.3M | $217.8M | $178.7M | $179.8M | $175.1M | $150.9M | $159.9M | $207.9M | $159.0M | $149.2M | $118.8M | $143.1M |
| Interest income | $3.8M | $10.4M | $9.4M | $1.5M | $2.4M | $1.7M | $1.6M | $1.6M | $1.6M | $3.3M | — | $2.3M |
| Interest expense | $49.7M | $24.7M | $14.5M | $11.7M | $12.6M | $9.3M | $11.5M | $10.0M | $7.4M | $7.7M | $3.0M | $4.2M |
| Income before taxes | $135.2M | $128.8M | $170.5M | $172.5M | $164.2M | $144.3M | $149.7M | $199.7M | $153.4M | $144.8M | $117.5M | $141.7M |
| Income taxes | $48.7M | $49.3M | $38.1M | $44.3M | $42.5M | $35.2M | $22.2M | $37.8M | $33.0M | $32.8M | $24.2M | $29.9M |
| Net income | $84.9M | $78.0M | $131.7M | $126.9M | $121.0M | $108.4M | $127.0M | $161.1M | $119.2M | $111.0M | $91.5M | $110.8M |
| EBITDA | $280.3M | $207.7M | $220.3M | $219.4M | $212.3M | $190.8M | $197.8M | $244.4M | $193.2M | $186.1M | $146.9M | $174.9M |
| EPS (diluted) | $2.08 | $1.98 | $1.85 | $1.78 | $1.64 | $1.45 | $1.50 | $1.46 | $1.49 | $1.42 | $1.34 | $1.37 |
| Gross margin | 34.6% | 33.2% | 35.5% | 35.6% | 35.7% | 34.6% | 34.1% | 35.5% | 34.9% | 33.0% | 34.5% | 34.0% |
| Operating margin | 12.2% | 18.0% | 17.0% | 18.0% | 18.0% | 16.5% | 17.2% | 23.5% | 17.6% | 16.4% | 14.3% | 17.4% |
| Net margin | 5.8% | 6.4% | 12.5% | 12.7% | 12.4% | 11.9% | 13.7% | 18.2% | 13.2% | 12.2% | 11.0% | 13.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ITT's financial statements (latest annual report filed February 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ITT financial results
In fiscal year 2025 (ended December 31, 2025), ITT reported revenue of $3.9 billion, up 8.5% from the year before. It had net income of $488.0 million (down 5.8%), a net profit margin of 12.4%. Diluted earnings per share came to $6.72. Over five years revenue grew at an average rate of 9.7% a year.
See the ITT stock overview for the latest quote and news, or the ITT chart for price history and technical indicators.
ITT income statement FAQ
What is ITT's annual revenue?
ITT reported total revenue of $3.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.5% from $3.6 billion the previous year.
Is ITT profitable?
Yes. ITT reported net income of $488.0 million in fiscal 2025, a net profit margin of 12.4%; its operating margin was 17.4%.
What is ITT's gross margin?
ITT's gross margin was 35.4% in fiscal 2025: for every $100 of revenue, ITT kept $35 after the direct cost of its products and services.
How much does ITT spend on research and development?
ITT spent $110.8 million on research and development in fiscal 2025, 2.8% of revenue.
How fast is ITT growing?
Revenue grew 9.7% a year on average over the last five fiscal years, from $2.5 billion to $3.9 billion.
What are ITT's earnings per share?
ITT earned $6.72 per diluted share in fiscal 2025, compared with $5.87 a year earlier.
When will ITT report its next earnings?
ITT is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does ITT's fiscal year end?
ITT's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 9, 2026.