ITT Inc

ITT Inc. makes highly engineered components and customized technology for the transportation, industrial and energy markets. In the year ended December 31, 2025, revenue reached $3.94 billion, up 8.5%. Excluding acquisitions, divestitures and currency swings, so-called organic growth was 4.8%. Operating margin, or profit from operations as a share of sales, was 17.4%.

The company reports three segments. Industrial Process, 38% of revenue, sells pumps and other flow equipment plus aftermarket parts and service; pump projects drove most of its 2025 growth. Motion Technologies, 36.3%, sells friction parts that automakers install in new vehicles, plus products for rail. Connect & Control Technologies, 25.8%, makes connectors and components for aerospace, defense and other markets, including electric vehicle charging. By end market, auto and rail brought in 35.9% of revenue, chemical and industrial pumps 24.3%, aerospace and defense 18.3% and energy 15.1%. North America supplied 42.3% of sales, Europe 29.1% and Asia 18.6%.

ITT is shifting its mix toward pumps and aerospace and defense connectors, and away from automotive. On December 4, 2025, it agreed to acquire SPX FLOW, which makes pumps, valves, mixers and other flow equipment and provides aftermarket services, for about $4.8 billion in cash and stock. Revenue for the quarter ended July 4, 2026 was $1.47 billion, up 51.5% from a year earlier.

• In Q2 FY2026 (ended Jul 4, 2026), revenue was $1.47B, up 51.5% from a year earlier, and net income was $84.9M (-29.8%).
• For fiscal 2025, revenue was $3.94B (+8.5% year over year; +9.7% a year from FY2020 to FY2025) with a 12.4% net margin.

• Over FY2021–FY2025: $1.04B in buybacks and $475.2M in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +15.7% a year over 5 years (FY2020–FY2025).
• Dividends took 22.7% of earnings and 20.3% of free cash flow in the latest fiscal year.
• Shares outstanding changed +4.4% from Nov 2, 2021 to Aug 4, 2026.

Rank among 1514 US companies

Market value at each year end

ITT’s market value went from $3.40B at the end of 2016 to $17.52B on Oct 28, 2026, about 5.2 times as much; since the end of 2025 it is up 29%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 1 open-market purchases ($1.0M) and 13 sales ($13.8M).

Large shareholders (13G filings)

ETFs with the most weight in ITT

1. The SPX FLOW deal could disappoint. ITT agreed to pay about $4.8 billion for SPX FLOW. Combining the businesses may prove harder than planned, the expected benefits may fall short, and SPX FLOW may carry liabilities ITT has not uncovered.
2. Higher debt from financing the acquisition. Financing the deal increases ITT's debt, which can raise interest costs and reduce flexibility. As of July 4, 2026, total debt was $2.87 billion against $591 million of cash and investments.
3. Heavy reliance on one large customer. ITT says a significant portion of its revenue comes from a single customer. Losing that customer, doing less business with it, or a drop in that customer's market share could hurt financial results.
4. Exposure to government and defense spending. ITT sells to the U.S. government, and aerospace and defense made up 18.3% of 2025 revenue. Cuts in government spending, or changes in contracting rules, could hurt sales.
5. Cyclical demand, especially from automakers. Sales depend on customers' capital spending, maintenance budgets and production, which rise and fall with the economy. Auto and rail made up 35.9% of 2025 revenue, leaving ITT exposed to swings in vehicle production.
6. Tariffs, trade rules and input costs. Most of ITT's 2025 revenue came from outside North America, which supplied 42.3%. Tariffs and trade-rule changes can raise costs and disrupt supply, and ITT cannot always pass higher material prices on to customers.

• Aug 6, 2026 Quarterly results released
• Jun 29, 2026 Executive or board change
• May 26, 2026 Shareholder vote results
• May 7, 2026 Executive or board change
• May 6, 2026 Quarterly results released
• Mar 2, 2026 Major agreement signed; Acquisition or sale of assets completed; Quarterly results released; Investor presentation or announcement
• Feb 18, 2026 Major agreement signed; New debt or financial obligation
• Feb 5, 2026 Quarterly results released
• Dec 10, 2025 Major agreement signed; Investor presentation or announcement
• Dec 8, 2025 Other company announcement

ITT pays a small but growing dividend. Dividends per share rose each year between fiscal 2016 and 2025, at least nine straight annual increases, climbing from $0.68 in 2020 to $1.40 in 2025. In 2025, dividends used 22.7% of earnings and 20.3% of free cash flow (cash left after running the business and investing in equipment). The yield was 0.77% as of October 28, 2026, so the dividend alone would cover little retirement spending. ITT spent $1.04 billion repurchasing its own shares from 2021 through 2025, yet the share count was 4.4% higher in August 2026 than in November 2021.

Downturns have hit the stock hard. It dropped 52.3% in the 2008 financial crisis and took almost 113 months to recover. It lost 46.4% in the 2020 COVID crash but recovered in under eight months, and fell 37.8% in the 2022 bear market, recovering in about 14 months. Single stocks carry more risk than diversified funds.