ITT reported $2.78B of remaining performance obligations at 3 Oct 2026, up 47% from a year earlier and up 4% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.08.
Net new backlog added in the latest quarter: $115M.
Over the last twelve months it turned about 233% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 9.0% of the backlog.
Twelve-month book-to-bill: 1.17, i.e. 1.17 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +12 points — orders are running ahead of revenue.
By backlog size it ranks 155th among US filers the cockpit tracks.
ITT backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
3 Oct 2026
$2.78B
$5.18B
0.5 yrs
$250M
4 Jul 2026
$2.67B
$4.74B
0.6 yrs
$258M
4 Apr 2026
$2.51B
$4.24B
0.6 yrs
$272M
31 Dec 2025
$1.88B
$3.94B
0.5 yrs
$176M
27 Sep 2025
$1.89B
$3.81B
0.5 yrs
$176M
28 Jun 2025
$1.90B
$3.70B
0.5 yrs
$168M
29 Mar 2025
$1.75B
$3.63B
0.5 yrs
$141M
31 Dec 2024
$1.59B
$3.63B
0.4 yrs
$119M
28 Sep 2024
$1.66B
$3.53B
0.5 yrs
$126M
29 Jun 2024
$1.42B
$3.47B
0.4 yrs
$137M
30 Mar 2024
$1.45B
$3.40B
0.4 yrs
$127M
31 Dec 2023
$1.25B
$3.28B
0.4 yrs
$95.9M
Questions
What is ITT's backlog?
ITT reported $2.78B of remaining performance obligations at 3 Oct 2026, up 47% from a year earlier and up 4% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.08.
How fast does ITT's backlog turn into revenue?
Over the last twelve months ITT recognised revenue equal to about 233% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.