ITT Historical Income Statement

ITT Stock

USD 158.38 2.92 1.88%

Historical analysis of ITT income statement accounts such as Total Revenue of 4.7 B or Gross Profit of 1.2 B can show how well ITT Inc performed in making a profits. Evaluating ITT income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ITT's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining ITT Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ITT Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About ITT Income Statement Analysis

ITT Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ITT shareholders. The income statement also shows ITT investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

ITT Income Statement Chart

At this time, ITT's Selling And Marketing Expenses is comparatively stable compared to the past year. Interest Income is likely to gain to about 7.7 M in 2024, whereas EBIT is likely to drop slightly above 467.6 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Cost Of Revenue Interest Income

Total Revenue

Total revenue comprises all receipts ITT Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ITT Inc minus its cost of goods sold. It is profit before ITT operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ITT Inc. It is also known as ITT overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on ITT Inc income statement and represents the costs associated with goods and services ITT provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from ITT's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ITT Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Gross Profit	899.5M	922.3M	1.1B	1.2B
Total Revenue	2.8B	3.0B	3.3B	4.7B

Gross Profit Total Revenue

ITT income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Total Operating Expenses	Research Development	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Selling And Marketing Expenses	Minority Interest	Tax Provision	Interest Income	Extraordinary Items	Net Interest Income
Depreciation And Amortization		-0.14	1.0	0.82	0.99	0.89	0.91	0.95	1.0	0.81	-0.19	0.81	0.56	0.61	0.71	0.99	-0.16	0.47	0.48	0.95	-0.15	0.16	-0.07	0.0	0.13	0.04
Interest Expense	-0.14		-0.16	-0.28	-0.14	-0.38	-0.3	-0.26	-0.15	-0.51	-0.75	-0.47	0.02	0.13	0.27	-0.16	0.49	-0.6	0.28	-0.11	-0.19	0.22	-0.46	-0.16	0.14	0.09
Total Revenue	1.0	-0.16		0.81	1.0	0.88	0.9	0.94	1.0	0.79	-0.17	0.81	0.55	0.63	0.73	0.99	-0.13	0.45	0.46	0.97	-0.12	0.19	-0.09	0.0	0.17	0.04
Gross Profit	0.82	-0.28	0.81		0.8	0.88	0.89	0.88	0.79	0.84	-0.04	0.83	0.43	0.53	0.59	0.87	-0.35	0.64	0.34	0.65	-0.13	-0.27	0.1	0.46	0.02	-0.45
Other Operating Expenses	0.99	-0.14	1.0	0.8		0.86	0.88	0.93	1.0	0.77	-0.18	0.8	0.55	0.65	0.74	0.99	-0.11	0.42	0.47	0.97	-0.11	0.21	-0.11	-0.01	0.18	0.05
Operating Income	0.89	-0.38	0.88	0.88	0.86		0.99	0.98	0.87	0.98	-0.06	0.91	0.45	0.28	0.38	0.89	-0.5	0.76	0.36	0.77	-0.18	-0.14	0.09	0.14	0.02	-0.11
Ebit	0.91	-0.3	0.9	0.89	0.88	0.99		0.99	0.89	0.96	-0.17	0.9	0.44	0.31	0.43	0.91	-0.5	0.73	0.38	0.79	-0.18	-0.1	0.04	0.15	0.02	-0.12
Ebitda	0.95	-0.26	0.94	0.88	0.93	0.98	0.99		0.93	0.94	-0.18	0.89	0.48	0.4	0.51	0.95	-0.42	0.68	0.41	0.85	-0.18	-0.04	0.01	0.11	0.05	-0.08
Cost Of Revenue	1.0	-0.15	1.0	0.79	1.0	0.87	0.89	0.93		0.78	-0.18	0.8	0.55	0.63	0.73	0.99	-0.12	0.44	0.46	0.97	-0.12	0.21	-0.1	-0.02	0.17	0.06
Income Before Tax	0.81	-0.51	0.79	0.84	0.77	0.98	0.96	0.94	0.78		0.07	0.91	0.39	0.16	0.23	0.81	-0.59	0.83	0.27	0.68	-0.16	-0.22	0.18	0.17	-0.03	-0.13
Total Other Income Expense Net	-0.19	-0.75	-0.17	-0.04	-0.18	-0.06	-0.17	-0.18	-0.18	0.07		0.07	0.01	0.0	-0.28	-0.16	0.06	0.11	-0.35	-0.17	0.13	-0.19	0.41	0.09	-0.05	-0.06
Net Income	0.81	-0.47	0.81	0.83	0.8	0.91	0.9	0.89	0.8	0.91	0.07		0.15	0.29	0.37	0.81	-0.48	0.85	0.29	0.75	0.06	-0.06	-0.01	0.2	0.2	-0.13
Income Tax Expense	0.56	0.02	0.55	0.43	0.55	0.45	0.44	0.48	0.55	0.39	0.01	0.15		0.53	0.43	0.57	0.29	-0.18	0.16	0.47	-0.59	-0.14	0.29	-0.01	-0.19	-0.02
Selling General Administrative	0.61	0.13	0.63	0.53	0.65	0.28	0.31	0.4	0.63	0.16	0.0	0.29	0.53		0.93	0.65	0.53	-0.19	0.23	0.62	-0.06	0.2	-0.1	0.18	0.22	-0.15
Total Operating Expenses	0.71	0.27	0.73	0.59	0.74	0.38	0.43	0.51	0.73	0.23	-0.28	0.37	0.43	0.93		0.73	0.37	-0.08	0.46	0.72	0.0	0.34	-0.29	0.13	0.26	-0.12
Research Development	0.99	-0.16	0.99	0.87	0.99	0.89	0.91	0.95	0.99	0.81	-0.16	0.81	0.57	0.65	0.73		-0.16	0.47	0.46	0.93	-0.17	0.1	-0.05	0.07	0.11	-0.05
Discontinued Operations	-0.16	0.49	-0.13	-0.35	-0.11	-0.5	-0.5	-0.42	-0.12	-0.59	0.06	-0.48	0.29	0.53	0.37	-0.16		-0.84	-0.08	-0.02	-0.12	0.27	-0.14	-0.1	0.21	0.15
Net Income From Continuing Ops	0.47	-0.6	0.45	0.64	0.42	0.76	0.73	0.68	0.44	0.83	0.11	0.85	-0.18	-0.19	-0.08	0.47	-0.84		0.14	0.35	0.15	-0.26	0.09	0.25	0.03	-0.21
Non Recurring	0.48	0.28	0.46	0.34	0.47	0.36	0.38	0.41	0.46	0.27	-0.35	0.29	0.16	0.23	0.46	0.46	-0.08	0.14		0.47	-0.06	0.38	-0.34	-0.13	0.17	0.21
Non Operating Income Net Other	0.95	-0.11	0.97	0.65	0.97	0.77	0.79	0.85	0.97	0.68	-0.17	0.75	0.47	0.62	0.72	0.93	-0.02	0.35	0.47		-0.01	0.37	-0.15	-0.18	0.24	0.23
Selling And Marketing Expenses	-0.15	-0.19	-0.12	-0.13	-0.11	-0.18	-0.18	-0.18	-0.12	-0.16	0.13	0.06	-0.59	-0.06	0.0	-0.17	-0.12	0.15	-0.06	-0.01		0.39	-0.18	-0.11	0.28	0.17
Minority Interest	0.16	0.22	0.19	-0.27	0.21	-0.14	-0.1	-0.04	0.21	-0.22	-0.19	-0.06	-0.14	0.2	0.34	0.1	0.27	-0.26	0.38	0.37	0.39		-0.63	-0.54	0.36	0.65
Tax Provision	-0.07	-0.46	-0.09	0.1	-0.11	0.09	0.04	0.01	-0.1	0.18	0.41	-0.01	0.29	-0.1	-0.29	-0.05	-0.14	0.09	-0.34	-0.15	-0.18	-0.63		0.08	-0.72	-0.18
Interest Income	0.0	-0.16	0.0	0.46	-0.01	0.14	0.15	0.11	-0.02	0.17	0.09	0.2	-0.01	0.18	0.13	0.07	-0.1	0.25	-0.13	-0.18	-0.11	-0.54	0.08		0.0	-0.86
Extraordinary Items	0.13	0.14	0.17	0.02	0.18	0.02	0.02	0.05	0.17	-0.03	-0.05	0.2	-0.19	0.22	0.26	0.11	0.21	0.03	0.17	0.24	0.28	0.36	-0.72	0.0		0.18
Net Interest Income	0.04	0.09	0.04	-0.45	0.05	-0.11	-0.12	-0.08	0.06	-0.13	-0.06	-0.13	-0.02	-0.15	-0.12	-0.05	0.15	-0.21	0.21	0.23	0.17	0.65	-0.18	-0.86	0.18

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ITT Account Relationship Matchups

ITT income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	115.4M	112.2M	113.1M	107.4M	109.2M	159.1M
Interest Expense	3M	109.1M	1.1M	6.4M	10.4M	9.9M
Total Revenue	2.8B	2.5B	2.8B	3.0B	3.3B	4.7B
Gross Profit	910.1M	782.2M	899.5M	922.3M	1.1B	1.2B
Other Operating Expenses	2.4B	2.3B	2.3B	2.5B	2.8B	4.3B
Operating Income	411.4M	226.5M	504.3M	468M	528.2M	413.8M
Ebit	411.4M	342.8M	432.5M	447.1M	528.4M	467.6M
Ebitda	526.8M	455M	545.6M	554.5M	637.6M	626.7M
Cost Of Revenue	1.9B	1.7B	1.9B	2.1B	2.2B	3.5B
Income Before Tax	414.4M	85.2M	509.1M	461.8M	519.5M	343.8M
Total Other Income Expense Net	3M	(141.3M)	4.8M	(6.2M)	(8.7M)	(9.1M)
Net Income	325.1M	72.5M	316.3M	367M	410.5M	335.9M
Income Tax Expense	89.9M	15.3M	189.6M	91.1M	104.8M	98.0M
Selling General Administrative	254.1M	200.7M	214.3M	211.6M	302.6M	563.6M
Total Operating Expenses	497.7M	642.6M	385.6M	465M	579.2M	844.3M
Research Development	97.9M	84.9M	94.9M	96.5M	102.6M	176.1M
Net Income Applicable To Common Shares	325.1M	72.5M	316.3M	367M	330.3M	281.3M
Discontinued Operations	1.7M	4M	1.5M	(1.3M)	(1.2M)	(1.1M)
Net Income From Continuing Ops	324.5M	69.9M	319.5M	370.7M	437.5M	292.0M
Selling And Marketing Expenses	165.9M	146.5M	150.8M	156.9M	174M	176.5M
Minority Interest	1.1M	1.4M	(4.7M)	(2.4M)	(3.3M)	(3.1M)
Tax Provision	89.9M	15.3M	189.6M	91.1M	111.8M	109.5M
Interest Income	4.1M	700K	1.1M	6.4M	7.4M	7.7M
Extraordinary Items	1.7M	14.7M	1.5M	(1.3M)	(1.5M)	(1.6M)
Net Interest Income	3M	700K	1.1M	(6.4M)	(11.2M)	(10.6M)
Reconciled Depreciation	113.4M	112.2M	113.1M	107.4M	108.7M	120.9M

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ITT Historical Income Statement

About ITT Income Statement Analysis

ITT Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cost Of Revenue

Interest Income

ITT income statement Correlations

ITT Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ITT income statement Accounts

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COMMON DESTINATIONS

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Total Revenue	+ 1.0	Depreciation And Amortization
Cost Of Revenue	+ 1.0	Depreciation And Amortization
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Depreciation And Amortization

Net Interest Income	- 0.86	Interest Income
Net Income From Continuing Ops	- 0.84	Discontinued Operations
Total Other Income Expense Net	- 0.75	Interest Expense
Extraordinary Items	- 0.72	Tax Provision
Tax Provision	- 0.63	Minority Interest
Net Income From Continuing Ops	- 0.6	Interest Expense