ITT Inc. (ITT)

NYSEIndustrialsIndustrial - MachinerySnapshot 2026-10-23

$190.10+0.98%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge ITT Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.0%

+10% or more+5%0%−5%−10% or less

9.59 → 9.60 EPS · FY ending Dec 31, 2027 · 9 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 9 to 9; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q4
Revenue	—	1.42B
EPS	—	2.12
FY 2026 · Annual
Revenue	—	5.53B
EPS	$4.47–$4.67GAAP $8.12–$8.32non-GAAP	8.264
Free cash flow	$550M–$580M	—
Operating margin	19.7%–20.6%non-GAAP 12.4%–13.3%	—
FY 2027 · Annual
Revenue	—	6.03B
EPS	—	9.596

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Free cash flow at or above $555M in 2025	Free cash flow rose 26.6% to $555M in 2025.	Under Pressure	Free cash flow falls below $555M in 2025	Free cash flow: $162M FY2026-Q2; GAAP. Published target: >= $555M. Target period is not explicitly aligned with this observation. Source published Aug 6, 2026162,000,000 USD · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 4 quarters including 2026-Q2, 2026-Q1, and 2025-Q4. Net cash from operating activities increased 24% to $191M in 2026-Q2 from $153.7M in 2025-Q2; free cash flow increased 18% to $162M. Full year 2026 free cash flow guidance raised to $550M-$580M. The trajectory shows improvement in cash generation, supporting capital allocation priorities. Delivery assessment Oct 24, 2026
Successful integration of SPX FLOW acquisition	ITT integrates SPX FLOW well, adding $1.3B revenue and 17 points growth.	Intact	Integration progress falls below 80% or synergy targets missed	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 quarters including 2026-Q2, 2026-Q1, and the acquisition announcement in early 2026. SPX FLOW contributed over $1.3 billion revenue in 2025 and added $437 million revenue in 2026-Q2 as part of Flow Technologies. Integration is progressing ahead of plan and the acquisition is accelerating portfolio transformation. The trajectory is delivering with strong commercial and operational performance. Delivery assessment Oct 24, 2026
Operating margin near 12.4% to 13.3% in FY26	A primary condition in ITT Inc.'s published investment case. The stated target is >= 12.4%.	Broken	Operating margin falls below 12.4% in FY26	Operating margin: 12.24% FY2026-Q2; GAAP. Published target: >= 12.4%. Target period is not explicitly aligned with this observation. Source published Aug 6, 202612.239495 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: company_financial_results. Reference: b13203e1-e414-4d01-9679-db6749bae0b8. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in at least 4 quarters including 2026-Q2, 2026-Q1, and 2025-Q4. Adjusted operating margin improved from 19.7% in 2026-Q1 to 20.0% in 2026-Q2 and full year guidance raised to 20.0%-20.9%. Prior quarters showed steady margin expansion. The trajectory is delivering with margin expansion driven by volume, pricing, productivity, and acquisition synergies. Delivery assessment Oct 24, 2026
Revenue at or above $5.385B in FY26	A primary condition in ITT Inc.'s published investment case. The stated target is >= $5.385B.	Intact	Revenue falls below $5.385B in FY26	Revenue: $1.473B FY2026-Q2; GAAP. Published target: >= $5.385B. Target period is not explicitly aligned with this observation. Source published Aug 6, 20261,473,100,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: company_financial_results. Reference: b13203e1-e414-4d01-9679-db6749bae0b8. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 4 quarters including 2026-Q2, 2026-Q1, and 2025-Q4. Revenue increased 51.5% from $972.4M in 2025-Q2 to $1.47B in 2026-Q2, driven by SPX FLOW and organic growth. Full year 2026 organic growth guidance raised to 5%-8%. The trajectory is delivering with strong top-line growth from acquisitions and legacy businesses. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$9.60

$9.23 → $9.60 · observed estimates

FY2027 revenue$6.03B

$5.88B → $6.03B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$9.23	$5,882,865,900	13 / 14
2026-07-25	$9.06	$5,894,086,359	9 / 10
2026-07-26	$9.23	$5,882,865,900	13 / 14
2026-07-27	$9.06	$5,894,086,359	9 / 10
2026-07-28	$9.23	$5,882,865,900	13 / 14
2026-07-29	$9.23	$5,882,865,900	13 / 14
2026-07-30	$9.23	$5,882,865,900	13 / 14
2026-07-31	$9.23	$5,882,865,900	13 / 14
2026-08-01	$9.06	$5,894,086,359	9 / 10
2026-08-02	$9.23	$5,882,865,900	13 / 14
2026-08-03	$9.23	$5,882,865,900	13 / 14
2026-08-04	$9.23	$5,882,865,900	13 / 14
2026-08-05	$9.23	$5,882,865,900	13 / 14
2026-08-06	$9.23	$5,882,865,900	13 / 14
2026-08-07	$9.06	$5,894,086,359	9 / 10
2026-08-08	$9.06	$5,894,086,359	9 / 10
2026-08-09	$9.20	$5,956,877,710	12 / 13
2026-08-10	$9.20	$5,956,877,710	12 / 13
2026-08-12	$9.06	$5,894,086,359	9 / 10
2026-08-13	$9.06	$5,894,086,359	9 / 10
2026-08-14	$9.06	$5,894,086,359	9 / 10
2026-08-15	$9.06	$5,894,086,359	9 / 10
2026-08-16	$9.06	$5,894,086,359	10 / 10
2026-08-17	$9.06	$5,894,086,359	10 / 10
2026-08-18	$9.06	$5,894,086,359	10 / 10
2026-08-19	$9.06	$5,894,086,359	10 / 10
2026-08-20	$9.59	$6,032,834,088	8 / 10
2026-08-21	$9.59	$6,032,834,088	8 / 10
2026-08-22	$9.59	$6,032,834,088	8 / 10
2026-08-23	$9.59	$6,032,834,088	8 / 10
2026-08-24	$9.59	$6,032,834,088	8 / 10
2026-08-25	$9.59	$6,032,834,088	8 / 10
2026-08-26	$9.59	$6,032,834,088	8 / 10
2026-08-27	$9.59	$6,032,834,088	8 / 10
2026-08-28	$9.59	$6,032,834,088	8 / 10
2026-08-29	$9.59	$6,032,834,088	8 / 10
2026-08-30	$9.59	$6,032,834,088	8 / 10
2026-08-31	$9.59	$6,032,834,088	8 / 10
2026-09-01	$9.59	$6,032,834,088	8 / 10
2026-09-02	$9.59	$6,032,834,088	8 / 10
2026-09-03	$9.59	$6,032,834,088	8 / 10
2026-09-04	$9.59	$6,032,834,088	8 / 10
2026-09-05	$9.59	$6,032,834,088	8 / 10
2026-09-06	$9.59	$6,032,834,088	8 / 10
2026-09-07	$9.59	$6,032,834,088	8 / 10
2026-09-08	$9.59	$6,032,834,088	8 / 10
2026-09-09	$9.59	$6,032,834,088	8 / 10
2026-09-10	$9.59	$6,032,834,088	8 / 10
2026-09-11	$9.59	$6,032,834,088	8 / 10
2026-09-12	$9.59	$6,032,834,088	8 / 10
2026-09-13	$9.59	$6,032,834,088	8 / 10
2026-09-14	$9.59	$6,032,834,088	8 / 10
2026-09-15	$9.59	$6,032,834,088	8 / 10
2026-09-16	$9.59	$6,032,834,088	8 / 10
2026-09-17	$9.59	$6,032,834,088	9 / 10
2026-09-18	$9.59	$6,032,834,088	9 / 10
2026-09-19	$9.59	$6,035,765,500	9 / 10
2026-09-20	$9.59	$6,035,765,500	9 / 10
2026-09-21	$9.59	$6,035,765,500	9 / 10
2026-09-22	$9.59	$6,035,765,500	9 / 10
2026-09-23	$9.59	$6,035,765,500	9 / 10
2026-09-24	$9.59	$6,035,765,500	9 / 10
2026-09-25	$9.59	$6,035,765,500	9 / 10
2026-09-26	$9.59	$6,035,765,500	9 / 10
2026-09-27	$9.59	$6,035,765,500	9 / 10
2026-09-28	$9.59	$6,035,765,500	9 / 10
2026-09-29	$9.59	$6,035,765,500	9 / 10
2026-09-30	$9.59	$6,035,765,500	9 / 10
2026-10-01	$9.60	$6,035,986,577	9 / 10
2026-10-02	$9.60	$6,035,986,577	9 / 10
2026-10-03	$9.60	$6,035,986,577	9 / 10
2026-10-04	$9.60	$6,035,986,577	9 / 10
2026-10-05	$9.60	$6,035,986,577	9 / 10
2026-10-06	$9.60	$6,035,986,577	9 / 10
2026-10-07	$9.60	$6,035,986,577	9 / 10
2026-10-08	$9.60	$6,035,986,577	9 / 10
2026-10-09	$9.60	$6,035,986,577	9 / 10
2026-10-10	$9.60	$6,035,986,577	9 / 10
2026-10-11	$9.60	$6,035,986,577	9 / 10
2026-10-12	$9.60	$6,035,986,577	9 / 10
2026-10-13	$9.60	$6,035,986,577	9 / 10
2026-10-14	$9.60	$6,035,986,577	9 / 10
2026-10-15	$9.60	$6,035,986,577	9 / 10
2026-10-16	$9.60	$6,035,986,577	9 / 10
2026-10-17	$9.60	$6,035,986,577	9 / 10
2026-10-18	$9.60	$6,035,986,577	9 / 10
2026-10-19	$9.60	$6,035,986,577	9 / 10
2026-10-20	$9.59	$6,033,694,269	9 / 10
2026-10-21	$9.59	$6,033,694,269	9 / 10
2026-10-22	$9.60	$6,033,078,884	9 / 10
2026-10-23	$9.60	$6,033,078,884	9 / 10
2026-10-24	$9.60	$6,033,078,884	9 / 10

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	11	4	1
2026-06-01	11	4	1
2026-07-01	12	3	1
2026-08-01	12	1	1
2026-09-01	12	1	1
2026-10-01	12	1	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 12 Buy / Strong Buy · 1 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Stifel NicolausOct 19 · prior Jul 20

$250.00 → $256.00+2.4%

$0$140.80$281.60

1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Free cash flow at or above $555M in 2025Published status: Under Pressure
Successful integration of SPX FLOW acquisitionDirect metric needs a verified mapping
Operating margin near 12.4% to 13.3% in FY26Published status: Broken
Revenue at or above $5.385B in FY26Revenue: $1.473B

Next proof point

Nov 4, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.2%Typical daily move · historical

Downside history

-16.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

ITT Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

ITT is an industrial growth and portfolio-transformation story, with recent growth coming from both SPX FLOW and existing businesses. The long-term thesis is intact and its signal has turned mildly favorable, though the evidence on earnings quality and management is neutral.

What's priced into ITT Inc.

The valuation is expensive versus peers, while the available evidence describes expectations as broadly aligned with the business outlook. The model confidence is low, and the priced-in fragility rating is low, so the evidence does not show a sharply stretched expectations gap.

What the fundamentals likely do

Near term, integration progress and margin expansion are supporting results: adjusted operating margin rose from 19.7% in the first quarter of 2026 to 20.0% in the second, and full-year guidance was raised. Revenue growth is strong but mixed in quality because acquisitions contribute alongside organic growth; sector conditions are a headwind, and peers have recently missed, despite a low stated miss risk for ITT.

What ITT Inc. hinges on

Over the next one to three years, the thesis depends on completing the SPX FLOW integration and sustaining margin gains from volume, pricing, productivity, and synergies. A guidance reversal after the recent increase could weaken confidence in execution, while continued strength or deterioration among industrial bellwethers could shape the sector backdrop.