Illinois Tool Works Inc. (ITW) 10-Year Financial Performance & Capital Metrics

ITW • • Industrial / General

IndustrialsIndustrial MachinerySpecialized Industrial ComponentsFiltration & Sealing Systems

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 $15.9B -1.3%
EBITDA $4.67B +5.2%
Net Income $3.49B +18.0%
EPS (Diluted) 11.71 +20.2%
Gross Margin 43.65% +5.3%
EBITDA Margin 29.35% +6.6%
Operating Margin 26.82% +6.9%
Net Margin 21.94% +19.5%
ROE 110.21% +13.7%
ROIC 30.8% +4.9%
Debt/Equity 2.44 -12.3%
Interest Coverage 15.07 -0.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 99.2%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 17.9% free cash flow margin
✓11 consecutive years of dividend growth
✓Healthy dividend yield of 2.2%
✓Healthy 5Y average net margin of 19.0%

✗Weaknesses

✗High debt to equity ratio of 2.4x
✗Expensive at 23.5x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.94%

5Y2.42%

3Y3.22%

TTM-0.41%

Profit (Net Income) CAGR

10Y1.7%

5Y6.71%

3Y8.99%

TTM-12.42%

EPS CAGR

10Y4.87%

5Y8.63%

3Y11.23%

TTM-10.81%

ROCE

10Y Avg28.6%

5Y Avg31.61%

3Y Avg36.23%

Latest39.48%

Peer Comparison

Filtration & Sealing Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NPOEnPro Industries, Inc.	5.09B	241.74	70.07	-1%	7.81%	5.68%	2.55%	0.49
CSWCSW Industrials, Inc.	5.49B	328.94	39.25	10.78%	14.88%	12.5%	2.77%	0.06
DCIDonaldson Company, Inc.	11.62B	100.73	33.03	2.92%	10.25%	25.18%	2.93%	0.50
GTESGates Industrial Corporation plc	5.95B	23.05	31.15	-4.54%	6.93%	6.37%	4.98%	0.74
ITTITT Inc.	15.75B	183.08	29.06	10.59%	12.67%	18.09%	2.78%	0.27
ITWIllinois Tool Works Inc.	75.97B	261.89	22.36	-1.3%	19.05%	94.27%	3.74%	2.44
ENOVEnovis Corporation	1.39B	24.26	-1.62	23.46%	-61.22%	-67.56%		0.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	13.4B	13.6B	14.31B	14.77B	14.11B	12.57B	14.46B	15.93B	16.11B	15.9B
Revenue Growth %	-0.07%	0.01%	0.05%	0.03%	-0.04%	-0.11%	0.15%	0.1%	0.01%	-0.01%
Cost of Goods Sold+	8.12B	8.12B	8.52B	8.79B	8.35B	7.53B	8.62B	9.56B	9.43B	8.96B
COGS % of Revenue	0.61%	0.6%	0.59%	0.6%	0.59%	0.6%	0.6%	0.6%	0.59%	0.56%
Gross Profit+	5.29B	5.48B	5.8B	5.97B	5.76B	5.04B	5.83B	6.37B	6.68B	6.94B
Gross Margin %	0.39%	0.4%	0.41%	0.4%	0.41%	0.4%	0.4%	0.4%	0.41%	0.44%
Gross Profit Growth %	-0.05%	0.04%	0.06%	0.03%	-0.04%	-0.12%	0.16%	0.09%	0.05%	0.04%
Operating Expenses+	2.42B	2.42B	2.4B	2.39B	2.36B	2.16B	2.36B	2.58B	2.64B	2.67B
OpEx % of Revenue	0.18%	0.18%	0.17%	0.16%	0.17%	0.17%	0.16%	0.16%	0.16%	0.17%
Selling, General & Admin	2.2B	2.19B	2.17B	2.16B	2.14B	1.95B	2.12B	2.31B	2.35B	2.38B
SG&A % of Revenue	0.16%	0.16%	0.15%	0.15%	0.15%	0.16%	0.15%	0.14%	0.15%	0.15%
Research & Development	218M	223M	225M	233M	221M	214M	239M	269M	284M	292M
R&D % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	2.87B	3.06B	3.49B	3.58B	3.4B	2.88B	3.48B	3.79B	4.04B	4.26B
Operating Margin %	0.21%	0.23%	0.24%	0.24%	0.24%	0.23%	0.24%	0.24%	0.25%	0.27%
Operating Income Growth %	-0.01%	0.07%	0.14%	0.03%	-0.05%	-0.15%	0.21%	0.09%	0.07%	0.06%
EBITDA+	3.34B	3.53B	3.96B	4.04B	3.83B	3.31B	3.89B	4.2B	4.43B	4.67B
EBITDA Margin %	0.25%	0.26%	0.28%	0.27%	0.27%	0.26%	0.27%	0.26%	0.28%	0.29%
EBITDA Growth %	-0.01%	0.06%	0.12%	0.02%	-0.05%	-0.14%	0.17%	0.08%	0.06%	0.05%
D&A (Non-Cash Add-back)	475M	470M	462M	461M	426M	427M	410M	410M	395M	402M
EBIT	2.94B	3.15B	3.53B	3.65B	3.51B	2.91B	3.53B	4.04B	4.09B	4.71B
Net Interest Income+	-170M	-199M	-199M	-213M	-177M	-181M	-161M	-172M	-213M	-239M
Interest Income	56M	38M	61M	44M	44M	25M	41M	31M	53M	44M
Interest Expense	226M	237M	260M	257M	221M	206M	202M	203M	266M	283M
Other Income/Expense	-148M	-156M	-215M	-190M	-114M	-178M	-151M	52M	-217M	158M
Pretax Income+	2.72B	2.91B	3.27B	3.39B	3.29B	2.7B	3.33B	3.84B	3.82B	4.42B
Pretax Margin %	0.2%	0.21%	0.23%	0.23%	0.23%	0.22%	0.23%	0.24%	0.24%	0.28%
Income Tax+	820M	873M	1.58B	831M	767M	595M	632M	808M	866M	934M
Effective Tax Rate %	0.7%	0.7%	0.52%	0.76%	0.77%	0.78%	0.81%	0.79%	0.77%	0.79%
Net Income+	1.9B	2.04B	1.69B	2.56B	2.52B	2.11B	2.69B	3.03B	2.96B	3.49B
Net Margin %	0.14%	0.15%	0.12%	0.17%	0.18%	0.17%	0.19%	0.19%	0.18%	0.22%
Net Income Growth %	-0.36%	0.07%	-0.17%	0.52%	-0.02%	-0.16%	0.28%	0.13%	-0.03%	0.18%
Net Income (Continuing)	1.9B	2.04B	1.69B	2.56B	2.52B	2.11B	2.69B	3.03B	2.96B	3.49B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4M	5M	4M	4M	4M	1M	1M	1M	1M	1M
EPS (Diluted)+	5.13	5.70	4.86	7.60	7.74	6.63	8.51	9.77	9.74	11.71
EPS Growth %	-0.3%	0.11%	-0.15%	0.56%	0.02%	-0.14%	0.28%	0.15%	-0%	0.2%
EPS (Basic)	5.16	5.73	4.90	7.65	7.78	6.66	8.55	9.80	9.77	11.75
Diluted Shares Outstanding	370.1M	357.1M	346.8M	337.1M	325.6M	318.3M	316.4M	310.7M	303.6M	297.8M
Basic Shares Outstanding	367.9M	355M	344.1M	335M	323.9M	316.9M	315.1M	309.6M	302.6M	296.8M
Dividend Payout Ratio	0.39%	0.4%	0.56%	0.44%	0.52%	0.65%	0.54%	0.51%	0.55%	0.49%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.72B	6.12B	7.28B	5.78B	6.25B	6.52B	6.37B	6.27B	6.24B	5.86B
Cash & Short-Term Investments	3.09B	2.47B	3.09B	1.5B	1.98B	2.56B	1.53B	708M	1.06B	948M
Cash Only	3.09B	2.47B	3.09B	1.5B	1.98B	2.56B	1.53B	708M	1.06B	948M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.2B	2.36B	2.63B	2.62B	2.61B	2.62B	2.94B	3.27B	3.25B	3.1B
Days Sales Outstanding	59.98	63.26	67.01	64.8	67.55	76.08	74.29	74.98	73.67	71.08
Inventory	1.09B	1.08B	1.22B	1.32B	1.16B	1.19B	1.69B	2.05B	1.71B	1.6B
Days Inventory Outstanding	48.82	48.37	52.3	54.71	50.91	57.64	71.71	78.4	66.08	65.39
Other Current Assets	341M	218M	336M	334M	472M	119M	140M	183M	157M	147M
Total Non-Current Assets+	9.01B	9.08B	9.5B	9.09B	8.81B	9.09B	9.7B	9.15B	9.28B	9.21B
Property, Plant & Equipment	1.58B	1.65B	1.78B	1.79B	1.73B	1.78B	1.81B	1.85B	2.22B	2.3B
Fixed Asset Turnover	8.50x	8.23x	8.05x	8.25x	8.16x	7.08x	7.99x	8.62x	7.24x	6.91x
Goodwill	4.44B	4.56B	4.75B	4.63B	4.49B	4.69B	4.96B	4.86B	4.91B	4.84B
Intangible Assets	1.56B	1.46B	1.27B	1.08B	851M	781M	972M	768M	657M	592M
Long-Term Investments	212M	73M	53M	51M	51M	0	0	0	0	0
Other Non-Current Assets	875M	883M	1.14B	979M	1.18B	1.31B	1.41B	1.18B	1.01B	1.11B
Total Assets+	15.73B	15.2B	16.78B	14.87B	15.07B	15.61B	16.08B	15.42B	15.52B	15.07B
Asset Turnover	0.85x	0.89x	0.85x	0.99x	0.94x	0.81x	0.90x	1.03x	1.04x	1.06x
Asset Growth %	-0.11%	-0.03%	0.1%	-0.11%	0.01%	0.04%	0.03%	-0.04%	0.01%	-0.03%
Total Current Liabilities+	2.37B	2.76B	3.05B	3.54B	2.15B	2.59B	3.47B	4.46B	4.67B	4.31B
Accounts Payable	449M	511M	590M	524M	472M	534M	585M	594M	581M	519M
Days Payables Outstanding	20.19	22.97	25.29	21.75	20.64	25.89	24.77	22.67	22.49	21.14
Short-Term Debt	526M	652M	850M	1.35B	4M	350M	778M	1.59B	1.82B	1.55B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	378M	395M	427M	407M	420M	349M	474M	467M	455M	421M
Current Ratio	2.84x	2.22x	2.38x	1.63x	2.90x	2.52x	1.84x	1.41x	1.33x	1.36x
Quick Ratio	2.38x	1.83x	1.98x	1.26x	2.36x	2.06x	1.35x	0.95x	0.97x	0.99x
Cash Conversion Cycle	88.62	88.66	94.02	97.76	97.81	107.84	121.24	130.71	117.26	115.33
Total Non-Current Liabilities+	8.13B	8.18B	9.14B	8.07B	9.88B	9.84B	8.98B	7.87B	7.83B	7.44B
Long-Term Debt	6.9B	7.18B	7.48B	6.03B	7.75B	7.77B	6.91B	6.17B	6.34B	6.31B
Capital Lease Obligations	0	0	0	0	128M	133M	133M	131M	148M	158M
Deferred Tax Liabilities	256M	134M	164M	707M	668M	588M	654M	484M	326M	119M
Other Non-Current Liabilities	981M	871M	1.5B	1.33B	1.33B	1.35B	1.28B	1.08B	1.02B	857M
Total Liabilities	10.5B	10.94B	12.19B	11.61B	12.04B	12.43B	12.45B	12.33B	12.51B	11.75B
Total Debt+	7.42B	7.83B	8.33B	7.38B	7.94B	8.31B	7.88B	7.95B	8.37B	8.08B
Net Debt	4.33B	5.36B	5.23B	5.88B	5.96B	5.75B	6.35B	7.24B	7.3B	7.13B
Debt / Equity	1.42x	1.84x	1.81x	2.27x	2.62x	2.61x	2.17x	2.57x	2.78x	2.44x
Debt / EBITDA	2.22x	2.22x	2.11x	1.82x	2.07x	2.51x	2.03x	1.89x	1.89x	1.73x
Net Debt / EBITDA	1.30x	1.52x	1.32x	1.45x	1.56x	1.74x	1.63x	1.72x	1.65x	1.53x
Interest Coverage	12.69x	12.93x	13.44x	13.95x	15.39x	13.99x	17.21x	18.67x	15.19x	15.07x
Total Equity+	5.23B	4.26B	4.59B	3.26B	3.03B	3.18B	3.63B	3.09B	3.01B	3.32B
Equity Growth %	-0.23%	-0.19%	0.08%	-0.29%	-0.07%	0.05%	0.14%	-0.15%	-0.02%	0.1%
Book Value per Share	14.13	11.93	13.23	9.66	9.31	10.00	11.46	9.94	9.92	11.14
Total Shareholders' Equity	5.22B	4.25B	4.58B	3.25B	3.03B	3.18B	3.63B	3.09B	3.01B	3.32B
Common Stock	6M	6M	6M	6M	6M	6M	6M	6M	6M	6M
Retained Earnings	18.32B	19.5B	20.21B	21.22B	22.4B	23.11B	24.32B	25.8B	27.12B	28.89B
Treasury Stock	-12.73B	-14.64B	-15.56B	-17.55B	-18.98B	-19.66B	-20.64B	-22.38B	-23.87B	-25.38B
Accumulated OCI	-1.5B	-1.81B	-1.29B	-1.68B	-1.71B	-1.64B	-1.5B	-1.84B	-1.83B	-1.88B
Minority Interest	4M	5M	4M	4M	4M	1M	1M	1M	1M	1M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.3B	2.3B	2.4B	2.81B	3B	2.81B	2.56B	2.35B	3.54B	3.28B
Operating CF Margin %	0.17%	0.17%	0.17%	0.19%	0.21%	0.22%	0.18%	0.15%	0.22%	0.21%
Operating CF Growth %	0.42%	0%	0.04%	0.17%	0.07%	-0.06%	-0.09%	-0.08%	0.51%	-0.07%
Net Income	1.9B	2.04B	1.69B	2.56B	2.52B	2.11B	2.69B	3.03B	2.96B	3.49B
Depreciation & Amortization	477M	470M	462M	461M	426M	427M	410M	410M	395M	402M
Stock-Based Compensation	41M	39M	36M	40M	41M	42M	53M	63M	69M	61M
Deferred Taxes	-11M	-263M	64M	34M	32M	-30M	-148M	-150M	-88M	-176M
Other Non-Cash Items	-1M	-17M	-5M	1M	-56M	10M	-14M	-193M	-4M	-476M
Working Capital Changes	-106M	38M	158M	-288M	31M	249M	-438M	-816M	210M	-18M
Change in Receivables	-42M	-132M	-138M	-60M	40M	95M	-240M	-461M	64M	34M
Change in Inventory	25M	9M	-81M	-108M	98M	43M	-450M	-455M	360M	176M
Change in Payables	-30M	-3M	39M	-46M	-16M	19M	37M	35M	-14M	-43M
Cash from Investing+	-210M	-532M	-251M	-325M	-183M	-214M	-984M	-110M	-403M	-144M
Capital Expenditures	-284M	-273M	-297M	-364M	-326M	-236M	-296M	-412M	-455M	-437M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	29M	170M	4M	22M	-18M	-3M	-3M	14M	-2M	2M
Cash from Financing+	-2.53B	-2.25B	-1.67B	-3.96B	-2.33B	-2.05B	-2.56B	-3B	-2.78B	-3.19B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-742M	-821M	-941M	-1.12B	-1.32B	-1.38B	-1.46B	-1.54B	-1.61B	-1.7B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	8M	17M	-14M	-11M	73M	-26M	40M	-13M	39M	-38M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.02B	2.03B	2.1B	2.45B	2.67B	2.57B	2.26B	1.94B	3.08B	2.84B
FCF Margin %	0.15%	0.15%	0.15%	0.17%	0.19%	0.2%	0.16%	0.12%	0.19%	0.18%
FCF Growth %	0.61%	0.01%	0.04%	0.16%	0.09%	-0.04%	-0.12%	-0.14%	0.59%	-0.08%
FCF per Share	5.44	5.68	6.07	7.26	8.20	8.08	7.15	6.23	10.16	9.55
FCF Conversion (FCF/Net Income)	1.21x	1.13x	1.42x	1.10x	1.19x	1.33x	0.95x	0.77x	1.20x	0.94x
Interest Paid	200M	212M	240M	247M	223M	194M	197M	199M	260M	248M
Taxes Paid	775M	920M	1.02B	838M	742M	591M	731M	993M	1.03B	1.18B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	31.51%	42.9%	38.13%	65.32%	80.18%	67.9%	79.14%	90.36%	96.92%	110.21%
Return on Invested Capital (ROIC)	21.66%	23.97%	26.96%	28.36%	28.16%	24.13%	27.58%	27.99%	29.35%	30.8%
Gross Margin	39.43%	40.29%	40.51%	40.46%	40.85%	40.12%	40.35%	39.98%	41.46%	43.65%
Net Margin	14.17%	14.96%	11.79%	17.36%	17.87%	16.77%	18.64%	19.04%	18.36%	21.94%
Debt / Equity	1.42x	1.84x	1.81x	2.27x	2.62x	2.61x	2.17x	2.57x	2.78x	2.44x
Interest Coverage	12.69x	12.93x	13.44x	13.95x	15.39x	13.99x	17.21x	18.67x	15.19x	15.07x
FCF Conversion	1.21x	1.13x	1.42x	1.10x	1.19x	1.33x	0.95x	0.77x	1.20x	0.94x
Revenue Growth	-7.45%	1.45%	5.26%	3.17%	-4.46%	-10.88%	14.96%	10.22%	1.1%	-1.3%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Automotive OEM	2.53B	2.86B	3.27B	3.34B	3.06B	2.57B	2.8B	2.97B	3.23B	3.19B
Automotive OEM Growth	-	13.25%	14.21%	2.05%	-8.24%	-16.06%	8.91%	6.04%	8.96%	-1.45%
Test and Measurement and Electronics	1.97B	1.97B	2.07B	2.17B	2.12B	1.96B	2.35B	2.83B	2.83B	2.82B
Test and Measurement and Electronics Growth	-	0.25%	4.81%	4.93%	-2.30%	-7.45%	19.51%	20.55%	0.14%	-0.49%
Food Equipment	-	-	-	2.21B	2.19B	1.74B	2.08B	2.44B	2.62B	2.65B
Food Equipment Growth	-	-	-	-	-1.17%	-20.52%	19.49%	17.61%	7.28%	0.95%
Construction Products	-	-	-	1.7B	1.63B	1.65B	1.95B	2.11B	2.03B	1.91B
Construction Products Growth	-	-	-	-	-4.41%	1.66%	17.74%	8.64%	-3.79%	-6.10%
Welding	1.65B	1.49B	1.54B	1.69B	1.64B	1.38B	1.65B	1.89B	1.9B	1.85B
Welding Growth	-	-9.94%	3.50%	9.95%	-3.13%	-15.51%	19.22%	14.79%	0.42%	-2.68%
Polymers and Fluids	-	-	-	1.72B	1.67B	1.62B	1.8B	1.91B	1.8B	1.76B
Polymers and Fluids Growth	-	-	-	-	-3.19%	-2.82%	11.22%	5.60%	-5.30%	-2.22%
Specialty Products	1.89B	1.89B	1.94B	1.95B	1.82B	1.66B	1.85B	1.8B	1.7B	1.74B
Specialty Products Growth	-	0.00%	2.81%	0.67%	-6.46%	-9.04%	11.69%	-2.97%	-5.67%	2.71%
Food Equipment	2.1B	2.11B	2.12B	-	-	-	-	-	-	-
Food Equipment Growth	-	0.67%	0.62%	-	-	-	-	-	-	-
Polymers and Fluids	1.71B	1.69B	1.72B	-	-	-	-	-	-	-
Polymers and Fluids Growth	-	-1.23%	1.95%	-	-	-	-	-	-	-
Construction Products	1.59B	1.61B	1.67B	-	-	-	-	-	-	-
Construction Products Growth	-	1.39%	3.92%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	-	7.1B	7.24B	7.61B	7.48B	6.61B	7.52B	8.7B	8.72B	8.53B
North America Growth	-	-	1.97%	5.15%	-1.75%	-11.59%	13.70%	15.78%	0.21%	-2.20%
Europe	928M	4.71B	5.1B	5.29B	3.92B	3.45B	3.87B	3.91B	4.15B	4.1B
Europe Growth	-	407.54%	8.24%	3.79%	-25.91%	-12.07%	12.27%	1.11%	5.98%	-1.11%
Asia Pacific	7.09B	2.36B	2.58B	2.57B	2.4B	2.29B	2.8B	2.99B	2.94B	2.96B
Asia Pacific Growth	-	-66.72%	9.15%	-0.16%	-6.72%	-4.54%	22.30%	6.75%	-1.87%	0.89%
South America	-	352M	396M	342M	310M	224M	265M	324M	303M	306M
South America Growth	-	-	12.50%	-13.64%	-9.36%	-27.74%	18.30%	22.26%	-6.48%	0.99%
UNITED STATES	6.17B	-	-	-	-	-	-	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
Other North America	3.73B	-	-	-	-	-	-	-	-	-
Other North America Growth	-	-	-	-	-	-	-	-	-	-
Australia and New Zealand	2.2B	-	-	-	-	-	-	-	-	-
Australia and New Zealand Growth	-	-	-	-	-	-	-	-	-	-
Other Geographic Region	388M	-	-	-	-	-	-	-	-	-
Other Geographic Region Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Illinois Tool Works Inc. (ITW) has a price-to-earnings (P/E) ratio of 22.4x. This is roughly in line with market averages.

Growth & Financials

Illinois Tool Works Inc. (ITW) reported $15.88B in revenue for fiscal year 2024. This represents a 11% decrease from $17.79B in 2011.

Illinois Tool Works Inc. (ITW) saw revenue decline by 1.3% over the past year.

Yes, Illinois Tool Works Inc. (ITW) is profitable, generating $3.03B in net income for fiscal year 2024 (21.9% net margin).

Dividend & Returns

Yes, Illinois Tool Works Inc. (ITW) pays a dividend with a yield of 2.17%. This makes it attractive for income-focused investors.

Illinois Tool Works Inc. (ITW) has a return on equity (ROE) of 110.2%. This is excellent, indicating efficient use of shareholder capital.

Illinois Tool Works Inc. (ITW) generated $2.85B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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