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Illinois Tool Works Inc.(ITW)Earnings, Financials & Key Ratios
ITW•NYSE
$260.52
$75.08B mkt cap·24.8× P/E·Price updated May 6, 2026
AboutIllinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.Show more
- Revenue$16.04B+0.9%
- EBITDA$4.61B-1.2%
- Net Income$3.07B-12.1%
- EPS (Diluted)10.49-10.4%
- Gross Margin44.1%+1.0%
- EBITDA Margin28.72%-2.1%
- Operating Margin26.28%-2.0%
- Net Margin19.11%-12.9%
- ROE93.72%-15.0%
- ROIC29.02%-5.8%
- Debt/Equity2.78+14.2%
- Interest Coverage14.58-12.3%
ITW Key Insights
Illinois Tool Works Inc. (ITW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 100.3%
- ✓FCF machine: 16.9% free cash flow margin
- ✓12 consecutive years of dividend growth
- ✓Healthy dividend yield of 2.3%
- ✓Healthy 5Y average net margin of 19.4%
✗Weaknesses
- ✗High debt to equity ratio of 2.8x
- ✗Expensive at 23.6x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ITW Price & Volume
Illinois Tool Works Inc. (ITW) stock price & volume — 10-year historical chart
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ITW Growth Metrics
Illinois Tool Works Inc. (ITW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.81%
5 Years4.99%
3 Years0.23%
TTM2.9%
Profit CAGR
10 Years4.91%
5 Years7.77%
3 Years0.35%
TTM-6.98%
EPS CAGR
10 Years7.42%
5 Years9.61%
3 Years2.4%
TTM-5.28%
Return on Capital
10 Years30.39%
5 Years34.91%
3 Years38.42%
Last Year38.71%
ITW Recent Earnings
Illinois Tool Works Inc. (ITW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 30, 2026EPS
$2.66
Est $2.57
+3.5%
Revenue
$4.0B
Est $4.0B
+0.2%
Q1 2026
Feb 3, 2026EPS
$2.72
Est $2.69
+1.1%
Revenue
$4.1B
Est $4.1B
+0.7%
Q4 2025
Oct 24, 2025EPS
$2.81
Est $2.75
+2.2%
Revenue
$4.1B
Est $4.1B
-0.5%
Q3 2025
Jul 30, 2025EPS
$2.58
Est $2.56
+0.8%
Revenue
$4.1B
Est $4.0B
+0.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $2.66vs $2.57+3.5% | $4.0Bvs $4.0B+0.2% |
| Q1 2026 | Feb 3, 2026 | $2.72vs $2.69+1.1% | $4.1Bvs $4.1B+0.7% |
| Q4 2025 | Oct 24, 2025 | $2.81vs $2.75+2.2% | $4.1Bvs $4.1B-0.5% |
| Q3 2025 | Jul 30, 2025 | $2.58vs $2.56+0.8% | $4.1Bvs $4.0B+0.7% |
Based on last 12 quarters of dataView full earnings history →
ITW Peer Comparison
Illinois Tool Works Inc. (ITW) competitors in Food processing and commercial equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 EMR | 83.18B | 147.92 | 36.61 | 3% | 13.35% | 12.1% | 0.68 | |
 ETN | 163.49B | 421.39 | 40.29 | 10.33% | 13.99% | 20.76% | 0.57 | |
 HON | 137.39B | 216.82 | 29.46 | 7.85% | 11.16% | 23.05% | 2.24 | |
 ROK | 51.65B | 459.35 | 59.89 | 0.97% | 12.36% | 29.58% | 0.98 | |
 PH | 113.93B | 902.66 | 33.28 | -0.4% | 16.58% | 24.26% | 0.70 | |
 DOV | 30.62B | 227.18 | 28.68 | 4.48% | 13.3% | 14.69% | 0.51 | |
 AME | 55.29B | 241.38 | 37.72 | 6.63% | 20.11% | 14.39% | 0.21 | |
 SWK | 12.6B | 81.03 | 30.58 | -1.53% | 2.44% | 4.12% | 0.65 |
Compare ITW vs Peers
Illinois Tool Works Inc. (ITW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ITW Income Statement
Illinois Tool Works Inc. (ITW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 14.31B | 14.77B | 14.11B | 12.57B | 14.46B | 15.93B | 16.11B | 15.9B | 16.04B | 16.22B |
| Revenue Growth % | 5.26% | 3.17% | -4.46% | -10.88% | 14.96% | 10.22% | 1.1% | -1.3% | 0.92% | 2.9% |
| Cost of Goods Sold | 8.52B | 8.79B | 8.35B | 7.53B | 8.62B | 9.56B | 9.43B | 8.96B | 8.97B | 9.06B |
| COGS % of Revenue | 59.49% | 59.54% | 59.15% | 59.88% | 59.65% | 60.02% | 58.54% | 56.35% | 55.9% | - |
| Gross Profit | 5.8B▲ 0% | 5.97B▲ 3.0% | 5.76B▼ 3.5% | 5.04B▼ 12.5% | 5.83B▲ 15.6% | 6.37B▲ 9.2% | 6.68B▲ 4.9% | 6.94B▲ 3.9% | 7.08B▲ 2.0% | 7.16B▲ 0% |
| Gross Margin % | 40.51% | 40.46% | 40.85% | 40.12% | 40.35% | 39.98% | 41.46% | 43.65% | 44.1% | 44.12% |
| Gross Profit Growth % | 5.84% | 3.03% | -3.55% | -12.46% | 15.62% | 9.19% | 4.85% | 3.91% | 1.96% | - |
| Operating Expenses | 2.4B | 2.39B | 2.36B | 2.16B | 2.36B | 2.58B | 2.64B | 2.67B | 2.86B | 2.87B |
| OpEx % of Revenue | 16.77% | 16.19% | 16.73% | 17.2% | 16.3% | 16.19% | 16.38% | 16.83% | 17.82% | - |
| Selling, General & Admin | 2.17B | 2.16B | 2.14B | 1.95B | 2.12B | 2.31B | 2.35B | 2.38B | 2.78B | 2.79B |
| SG&A % of Revenue | 15.19% | 14.61% | 15.17% | 15.5% | 14.65% | 14.5% | 14.61% | 14.99% | 17.32% | - |
| Research & Development | 225M | 233M | 221M | 214M | 239M | 269M | 284M | 292M | 0 | 1.37B |
| R&D % of Revenue | 1.57% | 1.58% | 1.57% | 1.7% | 1.65% | 1.69% | 1.76% | 1.84% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80M | 0 |
| Operating Income | 3.49B▲ 0% | 3.58B▲ 2.6% | 3.4B▼ 5.1% | 2.88B▼ 15.3% | 3.48B▲ 20.6% | 3.79B▲ 9.0% | 4.04B▲ 6.6% | 4.26B▲ 5.5% | 4.22B▼ 1.1% | 4.29B▲ 0% |
| Operating Margin % | 24.41% | 24.27% | 24.11% | 22.92% | 24.05% | 23.79% | 25.08% | 26.82% | 26.28% | 26.42% |
| Operating Income Growth % | 14.03% | 2.58% | -5.08% | -15.29% | 20.65% | 9% | 6.6% | 5.54% | -1.13% | - |
| EBITDA | 3.96B | 4.04B | 3.83B | 3.31B | 3.89B | 4.2B | 4.43B | 4.67B | 4.61B | 4.6B |
| EBITDA Margin % | 27.64% | 27.39% | 27.13% | 26.32% | 26.89% | 26.36% | 27.53% | 29.35% | 28.72% | 28.37% |
| EBITDA Growth % | 11.94% | 2.25% | -5.36% | -13.56% | 17.47% | 8.05% | 5.6% | 5.21% | -1.24% | 2.54% |
| D&A (Non-Cash Add-back) | 462M | 461M | 426M | 427M | 410M | 410M | 395M | 402M | 392M | 317M |
| EBIT | 3.53B | 3.65B | 3.51B | 2.91B | 3.53B | 4.04B | 4.09B | 4.71B | 4.26B | 4.32B |
| Net Interest Income | -199M | -213M | -177M | -181M | -161M | -172M | -213M | -239M | -292M | -297M |
| Interest Income | 61M | 44M | 44M | 25M | 41M | 31M | 53M | 44M | 0 | 0 |
| Interest Expense | 260M | 257M | 221M | 206M | 202M | 203M | 266M | 283M | 292M | 297M |
| Other Income/Expense | -215M | -190M | -114M | -178M | -151M | 52M | -217M | 158M | -250M | -247M |
| Pretax Income | 3.27B▲ 0% | 3.39B▲ 3.8% | 3.29B▼ 3.1% | 2.7B▼ 17.8% | 3.33B▲ 23.0% | 3.84B▲ 15.5% | 3.82B▼ 0.5% | 4.42B▲ 15.7% | 3.97B▼ 10.3% | 4.04B▲ 0% |
| Pretax Margin % | 22.84% | 22.98% | 23.3% | 21.5% | 23.01% | 24.12% | 23.73% | 27.81% | 24.72% | 24.89% |
| Income Tax | 1.58B | 831M | 767M | 595M | 632M | 808M | 866M | 934M | 900M | 904M |
| Effective Tax Rate % | 48.41% | 24.48% | 23.33% | 22% | 19% | 21.03% | 22.65% | 21.12% | 22.69% | 22.39% |
| Net Income | 1.69B▲ 0% | 2.56B▲ 51.9% | 2.52B▼ 1.6% | 2.11B▼ 16.3% | 2.69B▲ 27.7% | 3.03B▲ 12.6% | 2.96B▼ 2.5% | 3.49B▲ 18.0% | 3.07B▼ 12.1% | 3.13B▲ 0% |
| Net Margin % | 11.79% | 17.36% | 17.87% | 16.77% | 18.64% | 19.04% | 18.36% | 21.94% | 19.11% | 19.32% |
| Net Income Growth % | -17.1% | 51.93% | -1.64% | -16.34% | 27.74% | 12.62% | -2.54% | 17.96% | -12.1% | -6.98% |
| Net Income (Continuing) | 1.69B | 2.56B | 2.52B | 2.11B | 2.69B | 3.03B | 2.96B | 3.49B | 3.07B | 3.13B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 4M | 4M | 4M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| EPS (Diluted) | 4.86▲ 0% | 7.60▲ 56.4% | 7.74▲ 1.8% | 6.63▼ 14.3% | 8.51▲ 28.4% | 9.77▲ 14.8% | 9.74▼ 0.3% | 11.71▲ 20.2% | 10.49▼ 10.4% | 10.84▲ 0% |
| EPS Growth % | -14.74% | 56.38% | 1.84% | -14.34% | 28.36% | 14.81% | -0.31% | 20.23% | -10.42% | -5.28% |
| EPS (Basic) | 4.90 | 7.65 | 7.78 | 6.66 | 8.55 | 9.80 | 9.77 | 11.75 | 10.52 | - |
| Diluted Shares Outstanding | 346.8M | 337.1M | 325.6M | 318.3M | 316.4M | 310.7M | 303.6M | 297.8M | 292.3M | 289.1M |
| Basic Shares Outstanding | 344.1M | 335M | 323.9M | 316.9M | 315.1M | 309.6M | 302.6M | 296.8M | 292.28M | 288.3M |
| Dividend Payout Ratio | 55.78% | 43.85% | 52.4% | 65.39% | 54.31% | 50.82% | 54.62% | 48.6% | 58.22% | - |
ITW Balance Sheet
Illinois Tool Works Inc. (ITW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 7.28B | 5.78B | 6.25B | 6.52B | 6.37B | 6.27B | 6.24B | 5.86B | 6.2B | 6.33B |
| Cash & Short-Term Investments | 3.09B | 1.5B | 1.98B | 2.56B | 1.53B | 708M | 1.06B | 948M | 851M | 827M |
| Cash Only | 3.09B | 1.5B | 1.98B | 2.56B | 1.53B | 708M | 1.06B | 948M | 851M | 827M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.63B | 2.62B | 2.61B | 2.62B | 2.94B | 3.27B | 3.25B | 3.1B | 3.23B | 3.38B |
| Days Sales Outstanding | 67.01 | 64.8 | 67.55 | 76.08 | 74.29 | 74.98 | 73.67 | 71.08 | 73.41 | 74.15 |
| Inventory | 1.22B | 1.32B | 1.16B | 1.19B | 1.69B | 2.05B | 1.71B | 1.6B | 1.66B | 1.73B |
| Days Inventory Outstanding | 52.3 | 54.71 | 50.91 | 57.64 | 71.71 | 78.4 | 66.08 | 65.39 | 67.51 | 68.66 |
| Other Current Assets | 336M | 334M | 472M | 119M | 140M | 183M | 157M | 147M | 0 | 0 |
| Total Non-Current Assets | 9.5B | 9.09B | 8.81B | 9.09B | 9.7B | 9.15B | 9.28B | 9.21B | 9.95B | 9.93B |
| Property, Plant & Equipment | 1.78B | 1.79B | 1.73B | 1.78B | 1.81B | 1.85B | 2.22B | 2.3B | 2.23B | 2.23B |
| Fixed Asset Turnover | 8.05x | 8.25x | 8.16x | 7.08x | 7.99x | 8.62x | 7.24x | 6.91x | 7.19x | 7.34x |
| Goodwill | 4.75B | 4.63B | 4.49B | 4.69B | 4.96B | 4.86B | 4.91B | 4.84B | 5.1B | 5.08B |
| Intangible Assets | 1.27B | 1.08B | 851M | 781M | 972M | 768M | 657M | 592M | 591M | 574M |
| Long-Term Investments | 53M | 51M | 51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.14B | 979M | 1.18B | 1.31B | 1.41B | 1.18B | 1.01B | 1.11B | 2.03B | 6.51B |
| Total Assets | 16.78B▲ 0% | 14.87B▼ 11.4% | 15.07B▲ 1.3% | 15.61B▲ 3.6% | 16.08B▲ 3.0% | 15.42B▼ 4.1% | 15.52B▲ 0.6% | 15.07B▼ 2.9% | 16.15B▲ 7.2% | 16.26B▲ 0% |
| Asset Turnover | 0.85x | 0.99x | 0.94x | 0.81x | 0.90x | 1.03x | 1.04x | 1.06x | 0.99x | 1.00x |
| Asset Growth % | 10.39% | -11.38% | 1.33% | 3.61% | 2.98% | -4.07% | 0.62% | -2.91% | 7.17% | 17.31% |
| Total Current Liabilities | 3.05B | 3.54B | 2.15B | 2.59B | 3.47B | 4.46B | 4.67B | 4.31B | 5.13B | 5.33B |
| Accounts Payable | 590M | 524M | 472M | 534M | 585M | 594M | 581M | 519M | 522M | 609M |
| Days Payables Outstanding | 25.29 | 21.75 | 20.64 | 25.89 | 24.77 | 22.67 | 22.49 | 21.14 | 21.24 | 23.68 |
| Short-Term Debt | 850M | 1.35B | 4M | 350M | 778M | 1.59B | 1.82B | 1.55B | 2.29B | 2.54B |
| Deferred Revenue (Current) | 205M | 215M | 188M | 222M | 394M | 427M | 395M | 360M | 0 | 0 |
| Other Current Liabilities | 427M | 407M | 420M | 349M | 474M | 467M | 455M | 421M | 465M | 643M |
| Current Ratio | 2.38x | 1.63x | 2.90x | 2.52x | 1.84x | 1.41x | 1.33x | 1.36x | 1.21x | 1.21x |
| Quick Ratio | 1.98x | 1.26x | 2.36x | 2.06x | 1.35x | 0.95x | 0.97x | 0.99x | 0.89x | 0.89x |
| Cash Conversion Cycle | 94.02 | 97.76 | 97.81 | 107.84 | 121.24 | 130.71 | 117.26 | 115.33 | 119.69 | 119.14 |
| Total Non-Current Liabilities | 9.14B | 8.07B | 9.88B | 9.84B | 8.98B | 7.87B | 7.83B | 7.44B | 7.8B | 7.7B |
| Long-Term Debt | 7.48B | 6.03B | 7.75B | 7.77B | 6.91B | 6.17B | 6.34B | 6.31B | 6.68B | 6.6B |
| Capital Lease Obligations | 0 | 0 | 128M | 133M | 133M | 131M | 148M | 158M | 0 | 0 |
| Deferred Tax Liabilities | 164M | 707M | 668M | 588M | 654M | 484M | 326M | 119M | 154M | 605M |
| Other Non-Current Liabilities | 1.5B | 1.33B | 1.33B | 1.35B | 1.28B | 1.08B | 1.02B | 857M | 959M | 3.94B |
| Total Liabilities | 12.19B | 11.61B | 12.04B | 12.43B | 12.45B | 12.33B | 12.51B | 11.75B | 12.92B | 13.03B |
| Total Debt | 8.33B | 7.38B | 7.94B | 8.31B | 7.88B | 7.95B | 8.37B | 8.08B | 8.97B | 9.15B |
| Net Debt | 5.23B | 5.88B | 5.96B | 5.75B | 6.35B | 7.24B | 7.3B | 7.13B | 8.12B | 8.32B |
| Debt / Equity | 1.81x | 2.27x | 2.62x | 2.61x | 2.17x | 2.57x | 2.78x | 2.44x | 2.78x | 2.78x |
| Debt / EBITDA | 2.11x | 1.82x | 2.07x | 2.51x | 2.03x | 1.89x | 1.89x | 1.73x | 1.95x | 1.99x |
| Net Debt / EBITDA | 1.32x | 1.45x | 1.56x | 1.74x | 1.63x | 1.72x | 1.65x | 1.53x | 1.76x | 1.76x |
| Interest Coverage | 13.58x | 14.21x | 15.88x | 14.13x | 17.47x | 19.93x | 15.37x | 16.63x | 14.58x | 14.53x |
| Total Equity | 4.59B▲ 0% | 3.26B▼ 29.0% | 3.03B▼ 7.0% | 3.18B▲ 5.0% | 3.63B▲ 14.0% | 3.09B▼ 14.8% | 3.01B▼ 2.5% | 3.32B▲ 10.1% | 3.23B▼ 2.7% | 3.23B▲ 0% |
| Equity Growth % | 7.75% | -29% | -7% | 5.02% | 13.95% | -14.81% | -2.46% | 10.09% | -2.74% | -0.07% |
| Book Value per Share | 13.23 | 9.66 | 9.31 | 10.00 | 11.46 | 9.94 | 9.92 | 11.14 | 11.04 | 11.17 |
| Total Shareholders' Equity | 4.58B | 3.25B | 3.03B | 3.18B | 3.63B | 3.09B | 3.01B | 3.32B | 3.23B | 3.23B |
| Common Stock | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| Retained Earnings | 20.21B | 21.22B | 22.4B | 23.11B | 24.32B | 25.8B | 27.12B | 28.89B | 30.15B | 30.45B |
| Treasury Stock | -15.56B | -17.55B | -18.98B | -19.66B | -20.64B | -22.38B | -23.87B | -25.38B | -26.88B | -27.25B |
| Accumulated OCI | -1.29B | -1.68B | -1.71B | -1.64B | -1.5B | -1.84B | -1.83B | -1.88B | -1.83B | -1.8B |
| Minority Interest | 4M | 4M | 4M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
ITW Cash Flow Statement
Illinois Tool Works Inc. (ITW) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.4B | 2.81B | 3B | 2.81B | 2.56B | 2.35B | 3.54B | 3.28B | 3.13B | 3.13B |
| Operating CF Margin % | 16.78% | 19.03% | 21.23% | 22.32% | 17.69% | 14.74% | 21.97% | 20.64% | 19.48% | - |
| Operating CF Growth % | 4.34% | 17.03% | 6.55% | -6.28% | -8.91% | -8.17% | 50.72% | -7.29% | -4.72% | -118.91% |
| Net Income | 1.69B | 2.56B | 2.52B | 2.11B | 2.69B | 3.03B | 2.96B | 3.49B | 3.07B | 3.13B |
| Depreciation & Amortization | 462M | 461M | 426M | 427M | 410M | 410M | 395M | 402M | 397M | 302M |
| Stock-Based Compensation | 36M | 40M | 41M | 42M | 53M | 63M | 69M | 61M | 0 | 36M |
| Deferred Taxes | 64M | 34M | 32M | -30M | -148M | -150M | -88M | -176M | -17M | 0 |
| Other Non-Cash Items | -5M | 1M | -56M | 10M | -14M | -193M | -4M | -476M | 86M | -3.7B |
| Working Capital Changes | 158M | -288M | 31M | 249M | -438M | -816M | 210M | -18M | -406M | 2.77B |
| Change in Receivables | -138M | -60M | 40M | 95M | -240M | -461M | 64M | 34M | -92M | 3.41B |
| Change in Inventory | -81M | -108M | 98M | 43M | -450M | -455M | 360M | 176M | 34M | 1.8B |
| Change in Payables | 39M | -46M | -16M | 19M | 37M | 35M | -14M | -43M | -29M | -2.24B |
| Cash from Investing | -251M | -325M | -183M | -214M | -984M | -110M | -403M | -144M | -521M | -429M |
| Capital Expenditures | -297M | -364M | -326M | -236M | -296M | -412M | -455M | -437M | -419M | -323M |
| CapEx % of Revenue | 2.07% | 2.46% | 2.31% | 1.88% | 2.05% | 2.59% | 2.82% | 2.75% | 2.61% | - |
| Acquisitions | -1M | 1M | 116M | 1M | -731M | 276M | 27M | 280M | -107M | -112M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4M | 22M | -18M | -3M | -3M | 14M | -2M | 2M | -2M | -1M |
| Cash from Financing | -1.67B | -3.96B | -2.33B | -2.05B | -2.56B | -3B | -2.78B | -3.19B | -2.74B | -2.16B |
| Debt Issued (Net) | 197M | -851M | 422M | -4M | -141M | 276M | 294M | -8M | 508M | 306M |
| Equity Issued (Net) | -916M | -1.98B | -1.5B | -640M | -1B | -1.72B | -1.5B | -1.45B | -1.44B | -1.1B |
| Dividends Paid | -941M | -1.12B | -1.32B | -1.38B | -1.46B | -1.54B | -1.61B | -1.7B | -1.78B | -1.34B |
| Share Repurchases | -1B | -2B | -1.5B | -706M | -1B | -1.75B | -1.5B | -1.5B | -1.5B | -1.13B |
| Other Financing | -14M | -11M | 73M | -26M | 40M | -13M | 39M | -38M | -32M | -14M |
| Net Change in Cash | 622M▲ 0% | -1.59B▼ 355.6% | 477M▲ 130.0% | 583M▲ 22.2% | -1.04B▼ 277.9% | -819M▲ 21.0% | 357M▲ 143.6% | -117M▼ 132.8% | -97M▲ 17.1% | -22M▲ 0% |
| Free Cash Flow | 2.1B▲ 0% | 2.45B▲ 16.2% | 2.67B▲ 9.1% | 2.57B▼ 3.7% | 2.26B▼ 12.1% | 1.94B▼ 14.4% | 3.08B▲ 59.3% | 2.84B▼ 7.8% | 2.71B▼ 4.8% | 2.21B▲ 0% |
| FCF Margin % | 14.71% | 16.57% | 18.92% | 20.45% | 15.64% | 12.15% | 19.15% | 17.89% | 16.87% | 13.63% |
| FCF Growth % | 3.75% | 16.25% | 9.07% | -3.67% | -12.06% | -14.37% | 59.3% | -7.78% | -4.82% | -22.31% |
| FCF per Share | 6.07 | 7.26 | 8.20 | 8.08 | 7.15 | 6.23 | 10.16 | 9.55 | 9.26 | 9.26 |
| FCF Conversion (FCF/Net Income) | 1.42x | 1.10x | 1.19x | 1.33x | 0.95x | 0.77x | 1.20x | 0.94x | 1.02x | 0.71x |
| Interest Paid | 240M | 247M | 223M | 194M | 197M | 199M | 260M | 248M | 279M | 226M |
| Taxes Paid | 1.02B | 838M | 742M | 591M | 731M | 993M | 1.03B | 1.18B | 1.05B | 913M |
ITW Key Ratios
Illinois Tool Works Inc. (ITW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 38.13% | 65.32% | 80.18% | 67.9% | 79.14% | 90.36% | 96.92% | 110.21% | 93.72% | 97.35% |
| Return on Invested Capital (ROIC) | 26.96% | 28.36% | 28.16% | 24.13% | 27.58% | 27.99% | 29.35% | 30.8% | 29.02% | 29.02% |
| Gross Margin | 40.51% | 40.46% | 40.85% | 40.12% | 40.35% | 39.98% | 41.46% | 43.65% | 44.1% | 44.12% |
| Net Margin | 11.79% | 17.36% | 17.87% | 16.77% | 18.64% | 19.04% | 18.36% | 21.94% | 19.11% | 19.32% |
| Debt / Equity | 1.81x | 2.27x | 2.62x | 2.61x | 2.17x | 2.57x | 2.78x | 2.44x | 2.78x | 2.78x |
| Interest Coverage | 13.58x | 14.21x | 15.88x | 14.13x | 17.47x | 19.93x | 15.37x | 16.63x | 14.58x | 14.53x |
| FCF Conversion | 1.42x | 1.10x | 1.19x | 1.33x | 0.95x | 0.77x | 1.20x | 0.94x | 1.02x | 0.71x |
| Revenue Growth | 5.26% | 3.17% | -4.46% | -10.88% | 14.96% | 10.22% | 1.1% | -1.3% | 0.92% | 2.9% |
ITW SEC Filings & Documents
Illinois Tool Works Inc. (ITW) SEC filings — annual & quarterly reports (10-K, 10-Q)
ITW Frequently Asked Questions
Illinois Tool Works Inc. (ITW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Illinois Tool Works Inc. (ITW) reported $16.22B in revenue for fiscal year 2025. This represents a 225% increase from $5.00B in 1996.
Illinois Tool Works Inc. (ITW) grew revenue by 0.9% over the past year. Growth has been modest.
Yes, Illinois Tool Works Inc. (ITW) is profitable, generating $3.13B in net income for fiscal year 2025 (19.1% net margin).
Dividend & Returns
Yes, Illinois Tool Works Inc. (ITW) pays a dividend with a yield of 2.34%. This makes it attractive for income-focused investors.
Illinois Tool Works Inc. (ITW) has a return on equity (ROE) of 93.7%. This is excellent, indicating efficient use of shareholder capital.
Illinois Tool Works Inc. (ITW) generated $2.21B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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