ITT INC. ITT
(Amounts reported in this Annual Report on Form 10-K, except per share amounts, are stated in millions unless otherwise specified. References herein to "ITT," the "Company," and such words as "we," "us," and "our" include ITT Inc. and its subsidiaries on a consolidated basis, unless the context otherwise indicates.)
ITT is a diversified manufacturer of highly engineered critical components and customized technology solutions primarily for the transportation, industrial and energy markets. We manufacture components that are integral to the operation of equipment, systems and manufacturing processes in these key markets. Our products enable functionality for applications where reliability and performance are critically important to our customers and the users of their products. We operate through three primary segments: Motion Technologies (MT), Industrial Process (IP), and Connect & Control Technologies (CCT).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $2.17B | $2.07B | $1.87B | $1.70B | $1.94B | $1.86B | $1.77B | $1.64B |
| Gross profit | $1.39B | $1.25B | $1.11B | $922.3M | $899.5M | $782.2M | $910.1M | $887.2M | $819.9M | $760.9M |
| R&D | $110.8M | $116.3M | $102.6M | $96.5M | $94.9M | $84.9M | $97.9M | $98.4M | $93.5M | $80.5M |
| SG&A | $368.4M | $297.1M | $294.4M | $217.2M | $230.9M | $200.7M | $241.3M | $253.9M | $258.4M | $260.5M |
| Operating income | $684.5M | $678.1M | $530.5M | $468.0M | $504.3M | $226.5M | $411.4M | $397.3M | $319.3M | $276.6M |
| Interest expense | $48.1M | $36.6M | $19.2M | $10.9M | $1.1M | $700.0K | $4.1M | $500.0K | — | — |
| Pre-tax income | $651.5M | $649.7M | $521.8M | $461.8M | $509.1M | $85.2M | $414.4M | $391.0M | $309.4M | $258.4M |
| Income tax | $160.1M | $126.3M | $105.4M | $91.1M | $189.6M | $15.3M | $89.9M | $57.7M | $194.6M | $76.0M |
| Net income | $488.0M | $519.9M | $412.2M | $367.0M | $316.3M | $72.5M | $325.1M | $333.7M | $113.5M | $186.1M |
| EPS, basic | 6.15 | 6.36 | 5.01 | 4.40 | 3.68 | 0.84 | 3.71 | 3.81 | 1.29 | 2.09 |
| EPS, diluted | 6.11 | 6.32 | 4.98 | 4.38 | 3.66 | 0.83 | 3.67 | 3.76 | 1.28 | 2.07 |
| Shares, diluted (wtd. avg.) | $79.9M | $82.3M | $82.7M | $83.7M | $86.5M | $87.3M | $88.6M | $88.7M | $89.0M | $89.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.74B | $439.3M | $489.9M | $561.9M | $648.3M | $860.6M | $612.9M | $562.2M | $391.0M | $461.9M |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Receivables | $756.1M | $703.0M | $675.2M | $628.8M | $555.1M | $507.5M | $578.4M | $540.0M | $629.6M | $523.9M |
| Inventory | $671.9M | $612.3M | $575.4M | $533.9M | $430.9M | $360.5M | $392.9M | $380.5M | $311.9M | $295.2M |
| Total current assets | $3.35B | $1.89B | $1.86B | $1.84B | $1.72B | $1.92B | $1.74B | $1.65B | $1.48B | $1.40B |
| Property, plant and equipment | $627.0M | $577.2M | $561.0M | $526.8M | $509.1M | $525.1M | $531.5M | $518.8M | $521.7M | $464.5M |
| Goodwill | $1.51B | $1.43B | $1.02B | $964.8M | $924.3M | $944.8M | $927.2M | $875.9M | $886.8M | $774.7M |
| Other intangibles | $432.6M | $454.1M | $116.6M | $112.8M | $85.7M | $106.4M | $138.0M | $136.1M | $156.2M | $160.3M |
| Total assets | $6.31B | $4.73B | $3.93B | $3.78B | $3.57B | $4.28B | $4.11B | $3.85B | $3.70B | $3.60B |
| Accounts payable | $465.0M | $458.4M | $437.0M | $401.1M | $373.4M | $306.8M | $332.4M | $339.2M | $351.4M | $301.7M |
| Short-term debt | $2.8M | $2.6M | $2.3M | $2.2M | $2.2M | $2.5M | $2.3M | $1.8M | $900.0K | $600.0K |
| Total current liabilities | $1.30B | $1.33B | $1.04B | $1.19B | $928.3M | $871.0M | $849.7M | $872.1M | $899.4M | $866.2M |
| Long-term debt | $521.5M | $232.6M | $5.7M | $7.7M | $9.9M | $13.0M | $12.9M | $8.8M | $8.2M | $1.8M |
| Total liabilities | $2.22B | $1.95B | $1.39B | $1.52B | $1.33B | $2.15B | $2.03B | $2.02B | $2.10B | $2.17B |
| Retained earnings | $2.99B | $3.12B | $2.78B | $2.51B | $2.46B | $2.32B | $2.37B | $2.11B | $1.86B | $1.79B |
| Total equity | $4.08B | $2.78B | $2.55B | $2.27B | $2.23B | $2.13B | $2.08B | $1.82B | $1.60B | $1.43B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $668.8M | $562.6M | $538.0M | $277.7M | -$8.4M | $435.9M | $357.7M | $371.8M | $247.2M | $240.7M |
| Depreciation and amortisation | $143.2M | $137.3M | $109.2M | $107.4M | $113.1M | $112.2M | $113.4M | $109.4M | $105.3M | $102.0M |
| Stock-based compensation | $36.2M | $25.9M | $20.2M | $18.1M | $16.5M | $13.4M | $15.7M | $21.6M | $18.1M | $12.6M |
| Capital expenditure | $121.3M | $123.9M | $107.6M | $103.9M | $88.4M | $63.7M | $91.4M | $95.5M | $113.3M | $111.4M |
| Investing cash flow | -$119.8M | -$817.9M | -$181.0M | -$255.1M | -$82.3M | -$65.8M | -$203.4M | -$52.3M | -$223.2M | -$54.4M |
| Financing cash flow | $728.9M | $234.9M | -$432.3M | -$83.3M | -$99.8M | -$158.6M | -$101.5M | -$128.8M | -$112.5M | -$141.9M |
| Dividends paid | $111.0M | $104.7M | $95.8M | $87.9M | $75.8M | $59.0M | $52.1M | $47.3M | $45.4M | $44.6M |
| Buybacks | $521.0M | $104.5M | $60.0M | $245.3M | $104.8M | $73.2M | $41.4M | $56.1M | $32.9M | $77.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000216228-26-000012.
Others in SIC 3561
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| XYL | Xylem Inc. | $24.68B | 27.0x | 5.5% |
| IEX | IDEX CORP /DE/ | $16.49B | 34.9x | 5.8% |
| GGG | GRACO INC | $12.61B | 25.3x | 5.8% |
| FLS | FLOWSERVE CORP | $9.74B | 29.0x | 3.8% |
| GRC | GORMAN RUPP CO | $1.99B | 37.3x | 3.4% |
| AP | AMPCO PITTSBURGH CORP | $179.3M | — | 3.3% |