ITT Inc (ITT) financial statements: income statement, balance sheet and cash flow
ITT Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ITT Inc reported revenue of $3.9B (+8.5% year on year) and net income of $491.3M (-5.8% year on year).
Income statement
ITT Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$3.9B
$3.6B
$3.3B
$3.0B
Costs of revenue
$2.5B
$2.4B
$2.2B
$2.1B
Gross profit
$1.4B
$1.2B
$1.1B
$922.3M
General and administrative expenses
$368.4M
$296.6M
$302.6M
$211.6M
Sales and marketing expenses
$228.7M
$205.7M
$174.0M
$156.9M
Research and development expenses
$110.8M
$116.3M
$102.6M
$96.5M
(Gain) loss on sale of businesses
$0
$47.8M
—
—
Operating income
$684.5M
$676.0M
$528.2M
$468.0M
Interest expense
$48.1M
$36.6M
—
—
Interest income
$10.7M
$6.6M
—
—
Other non-operating income, net
($4.4M)
($1.6M)
($1.7M)
($1.3M)
Income from continuing operations before income tax
$651.5M
$647.6M
$519.5M
$461.8M
Income tax expense
$160.1M
$125.8M
$104.8M
$91.1M
Income from continuing operations
$491.4M
$521.8M
$414.7M
$370.7M
Loss from discontinued operations, net of tax benefit of $0.0, $0.0, and $0.3, respectively
($100.0K)
($100.0K)
($900.0K)
($1.3M)
Net income
$491.3M
$521.7M
$413.8M
$369.4M
Less: Income attributable to noncontrolling interests
$3.3M
$3.4M
$3.3M
$2.4M
Income from continuing operations, net of tax
$488.1M
$518.4M
$411.4M
$368.3M
Loss from discontinued operations, net of tax
($100.0K)
($100.0K)
—
—
Net income attributable to ITT Inc.
$488.0M
$518.3M
$410.5M
$367.0M
Continuing operations
$6.15
$6.34
$5
$4.42
Net income
$6.15
$6.34
$4.99
$4.40
Continuing operations
$6.11
$6.3
$4.97
$4.4
Discontinued operations
$0
$0
($0.01)
($0.02)
Net income
$6.11
$6.30
$4.96
$4.38
Weighted average common shares – basic
79.4M
81.8M
82.3M
83.4M
Weighted average common shares – diluted
79.9M
82.3M
82.7M
83.7M
ITT Inc income statement, quarters
Line item
Jul 4, 2026 · Q3
Apr 4, 2026 · Q2
Sep 27, 2025 · Q3
Jun 28, 2025 · Q2
Revenue
$1.5B
$1.2B
$999.1M
$972.4M
Cost of revenue
$963.0M
$783.1M
$643.9M
$625.6M
Gross profit
$510.1M
$428.8M
$355.2M
$346.8M
General and administrative expenses
$143.9M
$154.1M
$89.8M
$85.7M
Sales and marketing expenses
$87.5M
$73.7M
$57.5M
$57.0M
Research and development expenses
$35.8M
$33.1M
$28.1M
$29.0M
Intangible amortization
$62.6M
$26.7M
—
—
Operating income
$180.3M
$141.2M
$179.8M
$175.1M
Interest expense
$49.7M
$24.7M
$11.7M
$12.6M
Interest income
($3.8M)
($10.4M)
($1.5M)
($2.4M)
Other non-operating (income) expense, net
($800.0K)
($1.9M)
($2.9M)
$700.0K
Income before income tax expense
$135.2M
$128.8M
$172.5M
$164.2M
Income tax expense
$48.7M
$49.3M
$44.3M
$42.5M
Net income
$86.5M
$79.5M
$128.1M
$121.7M
Less: Income attributable to noncontrolling interests
$1.6M
$1.5M
$1.2M
$700.0K
Net income attributable to ITT Inc.
$84.9M
$78.0M
$126.9M
$121.0M
Basic
$0.95
$0.89
$1.63
$1.53
Diluted
$0.95
$0.89
$1.62
$1.52
Weighted average common shares – basic
89.4M
87.2M
78.0M
79.0M
Weighted average common shares – diluted
89.8M
87.8M
78.4M
79.4M
Balance sheet
ITT Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$1.7B
$439.3M
$489.2M
$561.2M
Receivables, net
$756.1M
$703.0M
$675.2M
$628.8M
Inventories
$671.9M
$591.2M
$575.4M
$533.9M
Other current assets
$183.4M
$131.2M
$117.9M
$112.9M
Total current assets
$3.4B
$1.9B
$1.9B
$1.8B
Plant, property and equipment, net
$627.0M
$577.2M
$561.0M
$526.8M
Goodwill(a)
$1.5B
$1.4B
$1.0B
$964.8M
Other intangible assets, net
$432.6M
$454.1M
$116.6M
$112.8M
Other non-current assets
$385.3M
$384.6M
$381.0M
$339.1M
Total non-current assets
$3.0B
$2.8B
$2.1B
$1.9B
Total assets
$6.3B
$4.7B
$3.9B
$3.8B
Short-term borrowings
$261.3M
$427.6M
$187.7M
$451.0M
Accounts payable
$465.0M
$458.4M
$437.0M
$401.1M
Accrued and other current liabilities
$572.0M
$447.2M
$413.1M
$333.4M
Total current liabilities
$1.3B
$1.3B
$1.0B
$1.2B
Non-current maturities of long-term debt
$521.5M
$232.6M
—
—
Postretirement benefits
$120.0M
$119.0M
$138.7M
$137.2M
Other non-current liabilities
$279.3M
$256.3M
$217.0M
$200.2M
Total non-current liabilities
$920.8M
$607.9M
$355.7M
$337.4M
Total liabilities
$2.2B
$1.9B
$1.4B
$1.5B
Common Stock: Authorized 250.0 shares, $1 par value per share, Issued and Outstanding 85.9 and 81.5, respectively
$85900000.00
$81500000.00
$82100000.00
$82700000.00
Capital in excess of par value
$1.3B
—
—
—
Retained earnings
$3.0B
$3.1B
$2.8B
$2.5B
Postretirement benefits
$0
$3.2M
($1.6M)
$3.6M
Cumulative translation adjustments
($302.5M)
($421.5M)
($330.3M)
($347.9M)
Total accumulated other comprehensive loss
($302.5M)
($418.3M)
($331.9M)
—
Total ITT Inc. shareholders' equity
$4.1B
$2.8B
$2.5B
$2.2B
Noncontrolling interests
$6.9M
$7.0M
$10.9M
$9.3M
Total shareholders’ equity
$4.1B
$2.8B
$2.5B
$2.3B
Total liabilities and shareholders’ equity
$6.3B
$4.7B
$3.9B
$3.8B
ITT Inc balance sheet, quarters
Line item
Jul 4, 2026
Apr 4, 2026
Sep 27, 2025
Jun 28, 2025
Cash and cash equivalents
$590.8M
$600.8M
$516.4M
$467.9M
Receivables, net
$1.1B
$1.0B
$808.5M
$796.8M
Inventories
$932.3M
$976.4M
$658.2M
$658.7M
Other current assets
$254.1M
$255.7M
$154.6M
$137.1M
Total current assets
$2.8B
$2.9B
$2.1B
$2.1B
Plant, property and equipment, net
$796.1M
$801.1M
$603.1M
$611.8M
Goodwill
$3.9B
$3.8B
$1.5B
$1.5B
Other intangible assets, net
$3.1B
$3.2B
$440.7M
$452.8M
Other non-current assets
$442.8M
$432.9M
$379.7M
$386.1M
Total non-current assets
$8.2B
$8.3B
$2.9B
$3.0B
Total assets
$11.0B
$11.1B
$5.1B
$5.0B
Short-term borrowings
$858.4M
$477.3M
$418.0M
$448.9M
Accounts payable
$630.3M
$642.2M
$458.1M
$471.5M
Accrued and other current liabilities
$765.6M
$760.4M
$529.2M
$501.4M
Total current liabilities
$2.3B
$1.9B
$1.4B
$1.4B
Non-current portion of long-term debt
$2.9B
$3.4B
$577.7M
$622.5M
Postretirement benefits
$149.7M
$151.1M
$123.5M
$125.1M
Other non-current liabilities
$952.9M
$979.9M
$281.5M
$282.2M
Total non-current liabilities
$4.0B
$4.5B
$982.7M
$1.0B
Total liabilities
$6.2B
$6.4B
$2.4B
$2.5B
Issued and outstanding – 89.4 shares and 85.9 shares, respectively
89.4M
89.4M
78.0M
78.0M
Capital in excess of par value
$2.0B
$2.0B
—
—
Retained earnings
$3.1B
$3.0B
$2.9B
$2.8B
Postretirement benefits
($1.6M)
($900.0K)
($500.0K)
($900.0K)
Cumulative translation adjustments
($354.8M)
($356.7M)
($316.5M)
($314.2M)
Total accumulated other comprehensive loss
($356.4M)
($357.6M)
($316.0M)
($313.3M)
Total ITT Inc. shareholders’ equity
$4.8B
$4.7B
$2.7B
$2.6B
Noncontrolling interests
$9.1M
$7.7M
$7.4M
$7.1M
Total shareholders’ equity
$4.8B
$4.7B
$2.7B
$2.6B
Total liabilities and shareholders’ equity
$11.0B
$11.1B
$5.1B
$5.0B
Cash flow statement
ITT Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Income from continuing operations, net of tax
$488.1M
$518.4M
$411.4M
$368.3M
Depreciation and amortization
$143.2M
$137.3M
$109.2M
$107.4M
Equity-based compensation
$36.2M
$25.9M
$20.2M
$18.1M
Deferred income tax expense (benefit)
$4.6M
($20.6M)
($27.6M)
$2.9M
(Gain) loss on sale of businesses
$0
($47.8M)
—
—
Other non-cash charges, net
$34.1M
$30.5M
$37.1M
$27.5M
Change in receivables
($10.3M)
($43.2M)
($39.2M)
($90.7M)
Change in inventories
($24.6M)
$2.0M
($34.4M)
($99.5M)
Change in contract assets
($15.7M)
($7.9M)
($300.0K)
($7.4M)
Change in contract liabilities
$41.9M
($900.0K)
$23.1M
$23.3M
Change in accounts payable
($18.8M)
$1.8M
$26.3M
$39.4M
Change in accrued expenses
$56.1M
($10.8M)
$47.6M
($36.9M)
Change in income taxes
($15.9M)
($2.1M)
$5.4M
($13.5M)
Other, net
($50.1M)
($20.5M)
($40.7M)
($35.7M)
Net Cash – Operating activities
$668.8M
$562.6M
$538.0M
$277.7M
Capital expenditures
($121.3M)
($123.9M)
($107.6M)
($103.9M)
Proceeds from government incentives
$7.9M
—
—
—
Proceeds from sale of business
$0
$177.9M
$11.5M
$20.9M
Acquisitions, net of cash acquired
($6.8M)
($864.8M)
($79.3M)
($146.9M)
Payments to acquire interest in unconsolidated subsidiaries
($1.6M)
($2.6M)
($2.5M)
($25.6M)
Other, net
$2.0M
($6.1M)
($4.0M)
$400.0K
Net Cash – Investing activities
($119.8M)
($817.9M)
($181.0M)
($255.1M)
Commercial paper, net borrowings
($212.3M)
$239.5M
($266.0M)
$259.7M
Long-term debt issued, net of debt issuance costs
$749.0M
$763.9M
—
$0
Long-term debt repayments
($462.0M)
($537.4M)
($2.2M)
($2.1M)
Share repurchases under repurchase plan
($521.0M)
($104.5M)
($60.0M)
($245.3M)
Payments for taxes related to net share settlement of stock incentive plans
($13.7M)
($14.2M)
($7.2M)
($8.8M)
Dividends paid
($111.0M)
($104.7M)
($95.8M)
($87.9M)
Proceeds from issuance of common stock
$1.3B
—
—
—
Other, net
($14.2M)
($7.7M)
($1.1M)
$1.1M
Net Cash – Financing activities
$728.9M
$234.9M
($432.3M)
($83.3M)
Exchange rate effects on cash and cash equivalents
$26.3M
($29.0M)
$3.6M
($25.8M)
Net cash from discontinued operations – operating activities
($500.0K)
($500.0K)
($300.0K)
$100.0K
Net change in cash and cash equivalents
$1.3B
($49.9M)
($72.0M)
($86.4M)
Cash and cash equivalents – beginning of year (includes restricted cash of $0.7, $0.7, and $0.7, respectively)
$440.0M
$489.9M
$561.9M
$648.3M
Cash and cash equivalents – end of year (includes restricted cash of $0.8, $0.7, and $0.7, respectively)
$1.7B
—
—
—
Cash paid for Interest
$41.7M
$33.4M
$15.7M
$10.8M
Cash paid for Income taxes, net of refunds received
$151.6M
$128.6M
$113.1M
$92.7M
Capital expenditures included in accounts payable
$17.1M
$31.2M
$25.3M
—
ITT Inc cash flow statement, quarters
Line item
Jul 4, 2026 · YTD
Apr 4, 2026 · Q2
Sep 27, 2025 · YTD
Jun 28, 2025 · YTD
Net income attributable to ITT Inc.
$162.9M
$78.0M
$356.4M
$229.4M
Depreciation and amortization
$149.6M
$54.2M
$107.9M
$72.7M
Equity-based compensation
$20.1M
$9.0M
$27.4M
$17.2M
Other non-cash charges, net
$23.7M
$11.9M
$27.6M
$14.2M
Change in receivables
($114.0M)
($82.5M)
($68.0M)
($51.6M)
Change in inventories
($1.1M)
($48.1M)
($14.0M)
($11.9M)
Change in contract assets
($8.7M)
$1.1M
($14.7M)
($6.0M)
Change in contract liabilities
($8.8M)
$3.4M
$43.7M
$34.8M
Change in accounts payable
$42.6M
$54.9M
($19.3M)
($9.3M)
Change in accrued expenses
($8.4M)
($47.5M)
$18.9M
($8.4M)
Change in income taxes
($9.8M)
$12.2M
($9.4M)
($4.6M)
Other, net
($17.0M)
($6.7M)
($15.5M)
($9.4M)
Net Cash – Operating Activities
$231.1M
$39.9M
$441.0M
$267.1M
Acquisitions, net of cash acquired
($3.5B)
($3.5B)
($200.0K)
($200.0K)
Capital expenditures
($55.2M)
($26.1M)
($80.9M)
($53.2M)
Other, net
($100.0K)
($600.0K)
$1.3M
($3.6M)
Net Cash – Investing Activities
($3.6B)
($3.6B)
($71.9M)
($57.0M)
Commercial paper, net borrowings
$506.1M
$217.7M
($55.1M)
($25.8M)
Long-term debt issued, net of debt issuance costs
$2.9B
$2.9B
$749.0M
$748.8M
Long-term debt repayments
($957.3M)
($546.1M)
($405.6M)
($360.5M)
Share repurchases under repurchase plan
($104.9M)
($100.0M)
($500.9M)
($500.8M)
Payments for taxes related to net share settlement of stock incentive plans
($20.2M)
($19.7M)
($13.7M)
($13.4M)
Dividends paid
($69.5M)
($35.0M)
($83.5M)
($56.2M)
Other, net
($2.1M)
($2.1M)
($6.4M)
($700.0K)
Net Cash – Financing Activities
$2.2B
$2.4B
($316.2M)
($208.6M)
Exchange rate effects on cash and cash equivalents
($4.7M)
($4.3M)
$24.9M
$27.5M
Net cash – operating activities of discontinued operations
($300.0K)
($200.0K)
($300.0K)
($100.0K)
Net change in cash and cash equivalents
($1.2B)
($1.1B)
$77.5M
$28.9M
Cash and cash equivalents – beginning of year (includes restricted cash of $0.8 and $0.7, respectively)
$1.7B
$1.7B
$440.0M
$440.0M
Cash and Cash Equivalents – End of Period (includes restricted cash of $1.4 and $1.0, respectively)
$592.2M
—
—
—
Cash paid for interest
$53.6M
$30.3M
$31.4M
$20.9M
Cash paid for income taxes, net of refunds received
$92.2M
$30.8M
$115.9M
$69.2M
Capital expenditures included in current liabilities
$14.8M
$14.7M
$13.8M
$16.4M
Equity value of common stock issued to acquire SPX FLOW