Revenue Growth Across the Business
ITW grew total revenue by 4.6% YoY to $4.02B in Q1 FY2026, compared to $3.84B in Q1 FY2025, reflecting broad-based demand improvement across its diversified industrial segments.
来源: 10-Q Income Statement, Q1 FY2026
该报告暂无中文版，以下为英文版分析。
AI核心结论
ITW delivered solid Q1 FY2026 results with revenue up 4.6% YoY to $4.02B and operating margin expanding to 25.4%, while EPS grew 11.3% to $2.66 driven by operational efficiency and share repurchases.
营收
40.16亿美元
同比 +4.61%
每股收益（稀释）
2.66美元
同比 +11.76%
营业利润
10.2亿美元
同比 +7.26%
SEC XBRL 原值
Illinois Tool Works (ITW) Q1 FY2026 营收 40.16亿美元，同比增长 4.6%。 营业利润率 25.4%，较去年同期的 24.8% 扩大 0.6 个百分点。 经营活动现金流 6.23亿美元，同比增长 5.2%。 ITW 的财年 Q1 FY2026 对应日历 Q1 2026。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 2.84 | 2.82 | 超预期 +0.6% |
| 2026年3月本次财报 | 2.66 | 2.59 | 超预期 +2.7% |
| 2025年12月 | 2.72 | 2.71 | 超预期 +0.3% |
| 2025年9月 | 2.81 | 2.74 | 超预期 +2.5% |
2026年3月 实际 EPS 2.66美元，分析师一致预期 2.59美元，超预期 +2.7%。
由 AI 基于本次 SEC 报告整理
ITW grew total revenue by 4.6% YoY to $4.02B in Q1 FY2026, compared to $3.84B in Q1 FY2025, reflecting broad-based demand improvement across its diversified industrial segments.
来源: 10-Q Income Statement, Q1 FY2026
Operating income rose 7.3% YoY to $1.02B, with operating margin improving approximately 63 basis points to 25.4% from 24.8%, demonstrating ITW's continued focus on its 80/20 simplification strategy and enterprise initiatives.
来源: 10-Q Income Statement & Key Ratios, Q1 FY2026
Diluted EPS grew 11.8% YoY to $2.66 from $2.38, outpacing revenue growth, partly supported by consistent share repurchases of $375M in both Q1 FY2026 and Q1 FY2025, reducing the share count over time.
来源: 10-Q Income Statement & Cash Flow Statement, Q1 FY2026
Operating cash flow increased 5.2% YoY to $623M from $592M, reflecting healthy earnings conversion and working capital management, supporting continued capital returns to shareholders.
来源: 10-Q Cash Flow Statement, Q1 FY2026
Long-term debt declined 9.3% YoY to $6.60B from $7.28B, signaling disciplined balance sheet management, though current liabilities surged 41.0% YoY to $5.33B, likely reflecting reclassification of near-term debt maturities.
来源: 10-Q Balance Sheet, Q1 FY2026
由 AI 基于本次 SEC 报告整理 · 高 1 中 3 低 1
Current liabilities jumped 41.0% YoY to $5.33B versus current assets of $6.34B, resulting in a current ratio of only 1.19. This sharp increase likely reflects debt reclassified as current due to upcoming maturities, which could pressure liquidity if refinancing conditions deteriorate.
来源: 10-Q Balance Sheet, Q1 FY2026
Cash and equivalents fell 5.3% YoY to $827M, while the company continues to deploy capital through $375M in share buybacks and ongoing capital expenditures. A tightening cash buffer relative to elevated current liabilities reduces financial flexibility.
来源: 10-Q Balance Sheet & Cash Flow Statement, Q1 FY2026
Cost of revenue grew 3.6% YoY to $1.89B, though slightly below the 4.6% revenue growth rate, suggesting modest gross margin improvement. However, sustained input cost inflation or supply chain disruptions could compress margins if pricing power weakens.
来源: 10-Q Income Statement, Q1 FY2026
With long-term debt of $6.60B against operating cash flow of $623M for the quarter, ITW carries a meaningful debt load. While debt is declining, rising interest rates or a revenue slowdown could increase the burden of debt service obligations.
来源: 10-Q Balance Sheet & Cash Flow Statement, Q1 FY2026
Investing cash flow was -$99M in Q1 FY2026, slightly worse than -$92M in Q1 FY2025, indicating limited capital deployment toward acquisitions or capacity expansion. This may constrain ITW's ability to accelerate organic or inorganic growth.
来源: 10-Q Cash Flow Statement, Q1 FY2026
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 40.16 亿美元 | 38.39 亿美元 | +4.61% |
营业成本 亿美元 | 18.87 亿美元 | 18.21 亿美元 | +3.62% |
营业利润 亿美元 | 10.20 亿美元 | 9.51 亿美元 | +7.26% |
每股收益（基本） 美元 | 2.66 美元 | 2.39 美元 | +11.30% |
每股收益（稀释） 美元 | 2.66 美元 | 2.38 美元 | +11.76% |
答案基于本次 SEC 报告与本页数据