ITT INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.94B | $3.63B | $3.28B | $2.99B | $2.77B | $2.48B | $2.85B | $2.75B |
| Cost of Revenue | $2.55B | $2.38B | $2.17B | $2.07B | $1.87B | $1.70B | $1.94B | $1.86B |
| Gross Profit | $1.39B | $1.25B | $1.11B | $922.3M | $899.5M | $782.2M | $910.1M | $887.2M |
| Gross Margin | 35.4% | 34.4% | 33.8% | 30.9% | 32.5% | 31.6% | 32.0% | 32.3% |
| Operating Expenses | ||||||||
| Research & Development | $110.8M | $116.3M | $102.6M | $96.5M | $94.9M | $84.9M | $97.9M | $98.4M |
| SG&A Expense | $368.4M | $297.1M | $294.4M | $217.2M | $230.9M | $200.7M | $241.3M | $253.9M |
| Operating Income | $684.5M | $678.1M | $530.5M | $468.0M | $504.3M | $226.5M | $411.4M | $397.3M |
| Operating Margin | 17.4% | 18.7% | 16.2% | 15.7% | 18.2% | 9.1% | 14.5% | 14.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $651.5M | $649.7M | $521.8M | $461.8M | $509.1M | $85.2M | $414.4M | $391.0M |
| Income Tax Expense | $160.1M | $126.3M | $105.4M | $91.1M | $189.6M | $15.3M | $89.9M | $57.7M |
| Net Income | $488.0M | $519.9M | $412.2M | $367.0M | $316.3M | $72.5M | $325.1M | $333.7M |
| Net Margin | 12.4% | 14.3% | 12.6% | 12.3% | 11.4% | 2.9% | 11.4% | 12.2% |
| EPS (Basic) | $6.15 | $6.36 | $5.01 | $4.40 | $3.68 | $0.84 | $3.71 | $3.81 |
| EPS (Diluted) | $6.11 | $6.32 | $4.98 | $4.38 | $3.66 | $0.83 | $3.67 | $3.76 |
| Shares Outstanding (Basic) | 79.4M | 81.8M | 82.3M | 83.4M | 86.0M | 86.7M | 87.7M | 87.7M |
| Shares Outstanding (Diluted) | 79.9M | 82.3M | 82.7M | 83.7M | 86.5M | 87.3M | 88.6M | 88.7M |
| Dividends Per Share | $1.40 | $1.28 | $1.16 | $1.06 | $0.88 | $0.68 | $0.59 | $0.54 |