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ITT (ITT) FY2025 results: revenue $3.9 billion, up 8.5% on the year

ITT Inc. (ITT) reported revenue of $3.9 billion for fiscal 2025, the year ended 31 December 2025, up 8.5% on the year before. Net income was $488 million, down 6.1%, and diluted earnings per share $6.11. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2026.

Revenue
$3.9 billion
+8.5% on the year
FY2018FY2025
Operating margin
17.4%
18.7% a year earlier
FY2018FY2025
Net income
$488 million
-6.1% on the year
FY2018FY2025
Diluted EPS
$6.11
-3.3% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

  • Total consideration of $4.775 billion: Total consideration was $4.775 billion, funded through cash and equity, under a definitive agreement announced in December 2025.
  • SPX FLOW 2025 revenue and orders: SPX FLOW reported 2025 revenue above $1.3 billion and organic orders growth of 14%, which the release describes as in line with ITT expectations.
  • Portfolio tilted to higher growth: Management said ITT's portfolio is more resilient and increasingly weighted toward higher-growth, higher-margin businesses.
  • Combined flow technologies platform: Management said combining SPX FLOW with the Industrial Process business creates a global flow technologies platform for sustained, long-term profitable growth.
  • Q4 2025 revenue up 13.5%: Q4 2025 revenue was $1,054.0 million, up 13.5% reported and 8.6% organic, according to the February 5, 2026 release.
Read the Q4 FY2025 earnings call summary

From this 10-K

ITT makes engineered components and customized technology for the transportation, industrial and energy markets: brake pads and shock absorbers, industrial pumps and valves, and connectors and flow control parts. It sold across approximately 125 countries in 2025 and reports three segments, Motion Technologies, Industrial Process, and Connect & Control Technologies. Its corporate headquarters are in Stamford, Connecticut.

ITT Inc., the 10-K for 2025

ITT makes engineered components and customized technology for the transportation, industrial and energy markets: brake pads and shock absorbers, industrial pumps and valves, and connectors and flow control parts. It sold across approximately 125 countries in 2025 and reports three segments, Motion Technologies, Industrial Process, and Connect & Control Technologies. Its corporate headquarters are in Stamford, Connecticut.

Motion Technologies

ITT Friction Technologies makes brake pads fitted as original equipment on passenger cars, including hybrids and electric vehicles, and light commercial vehicles, sold to carmakers or to Tier-1 brake manufacturers, as well as aftermarket brake pads for dealer service networks and independent repair shops. KONI makes shock absorbers, dampers and buffers for trains, performance shock absorbers for car and racing enthusiasts, and shock absorbers for buses, trucks, trailers and defense vehicles. Axtone makes impact energy absorption and push-pull components for rail cars, metros and trams. The segment has production facilities in Europe, China and North America. Aumovio SE, created when Continental AG spun off its automotive group in September 2025, is now ITT's largest customer. In July 2024 ITT sold its Wolverine Advanced Materials business.

Industrial Process

This segment makes centrifugal and twin-screw industrial pumps, valves and remote monitoring systems, and sells replacement parts and services for them. Its customers range from multinational companies and engineering, procurement and construction firms to regional distributors, in markets including energy, chemicals, pharmaceuticals, marine, mining, pulp and paper, food and beverage, and power generation. Its brands include Goulds Pumps, Bornemann, Rheinhütte Pumpen, Engineered Valves and Habonim. In January 2024 it bought Svanehøj Group, which supplies pumps for cryogenic uses in shipping and technology for safer storage of liquified natural gas. It has manufacturing operations in the United States, South Korea, Saudi Arabia, Mexico, Germany, Denmark and Singapore.

Connect & Control Technologies

This segment makes connectors, cable assemblies and control products for aerospace and defense, industrial, transportation, medical and energy uses. Its connector brands include Cannon, VEAM, Micro-Mode and BIW Connector Systems, and in September 2024 it bought kSARIA, which makes cable assemblies for avionics, sensors and communications. Its control products include actuators, valves and switches for aircraft, elastomeric bearings for rotorcraft, and shock absorbers and actuators for factory automation, under brands such as Aerospace Controls and Enidine. It has facilities in the United States, Mexico, Germany, Italy, China and Japan.

Pending deal

In December 2025 it agreed to buy SPX FLOW, a maker of pumps, valves, mixers and other flow and process equipment, for cash and 3,839,824 shares of its common stock, subject to closing conditions including regulatory approvals.

People

It had approximately 11,600 employees in 38 countries in 2025.

From ITT's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 9 February 2026: read the full 10-K.

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ millionFY2025FY2024FY2023On the yearLast 8 years
Revenue3,9383,6313,283+8.5%
Cost of revenue2,5462,3832,176+6.8%
Gross profit1,3921,2471,110+11.6%
Gross margin35.4%34.4%33.8%
Research and development111116103-4.7%
Operating income684678530+0.9%
Operating margin17.4%18.7%16.2%
Interest expense48.136.619.2+31.4%
Pre-tax income652650522+0.3%
Income tax160126105+26.8%
Effective tax rate24.6%19.4%20.2%
Net income488520412-6.1%
Net margin12.4%14.3%12.6%
Diluted EPS$6.11$6.32$4.98-3.3%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2025FY2024FY2023On the yearLast 8 years
Operating cash flow668562538+18.9%
Capital expenditure121124108-2.1%
Free cash flow547438430+24.8%
Free cash flow margin13.9%12.1%13.1%
Cash from investing-120-818-181
Cash from financing729235-432+210.3%
Depreciation and amortisation143137109+4.3%
Share-based compensation36.225.920.2+39.8%
Buybacks52110460.0+398.6%
Dividends paid11110595.8+6.0%
Dividend per share$1.40$1.28$1.16+10.0%
Diluted shares, weighted80m82m83m-2.9%
Shares outstanding at period endn/a82m82m

Balance sheet

$ millionFY2025FY2024FY2023On the yearLast 8 years
Shareholders' equity4,0842,7792,528+47.0%
Non-controlling interest6.97.010.9-1.4%
Debt783660193+18.6%
Operating lease liabilities60.073.772.3-18.6%
Other liabilities1,3761,2121,128+13.6%
Total liabilities and equity6,3104,7313,933+33.4%
Fixed assets627577561+8.6%
Goodwill1,5111,4301,016+5.7%
Intangible assets433454117-4.7%
Investments0.00.00.0
Cash and equivalents1,743439489+296.7%
Receivables756703675+7.6%
Inventory672612575+9.7%
Other assets569515499+10.4%
Total assets6,3104,7313,933+33.4%

10-K for the year ended 31 December 2025, filed 9 February 2026: the filing.