Last 48 quarters of trend data · Industrials · Industrial - Machinery
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Illinois Tool Works Inc.'s quarterly P/E stands at 24.5x, down 6.1% year-over-year.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.18 | 24.46 | 22.64 | 23.20 | 23.96 | 26.05 | 24.96 | 16.76 | 23.32 | 24.57 | 27.51 | 22.58 | 25.22 |
| — | -6.1% | -9.3% | +38.5% | +2.7% | +6.0% | -9.3% | -25.8% | -7.5% | -5.9% | +47.4% | +17.5% | +31.2% | |
| P/S Ratio | 4.74 | 4.68 | 4.37 | 4.68 | 4.47 | 4.76 | 4.77 | 4.91 | 4.39 | 5.07 | 4.95 | 4.33 | 4.67 |
| — | -1.5% | -8.5% | -4.5% | +1.7% | -6.1% | -3.7% | +13.4% | -6.0% | +9.3% | +15.9% | +24.1% | +32.0% | |
| P/B Ratio | 23.93 | 23.30 | 22.16 | 23.70 | 22.55 | 22.53 | 22.61 | 22.95 | 23.88 | 26.65 | 26.18 | 23.23 | 24.60 |
| — | +3.4% | -2.0% | +3.3% | -5.6% | -15.5% | -13.6% | -1.2% | -2.9% | +10.9% | +19.2% | +25.1% | +46.4% | |
| P/FCF | 28.12 | — | 20.83 | 21.04 | 40.32 | 36.81 | 18.83 | 24.85 | 30.97 | 40.74 | 21.72 | 20.38 | 26.99 |
| — | — | +10.6% | -15.4% | +30.2% | -9.6% | -13.3% | +21.9% | +14.8% | +34.5% | -16.1% | -10.8% | -20.1% | |
| EV / EBITDA | 18.28 | 20.13 | 16.79 | 17.34 | 17.26 | 19.22 | 18.12 | 18.43 | 16.99 | 17.95 | 19.82 | 16.47 | 18.78 |
| — | +4.7% | -7.3% | -5.9% | +1.6% | +7.1% | -8.6% | +12.0% | -9.6% | -6.0% | +14.6% | +13.8% | +21.7% | |
| EV / EBIT | 19.98 | 20.48 | 18.11 | 18.70 | 18.79 | 20.88 | 19.54 | 14.89 | 18.14 | 19.22 | 21.61 | 17.79 | 20.24 |
| — | -1.9% | -7.3% | +25.6% | +3.6% | +8.6% | -9.6% | -16.3% | -10.4% | -7.7% | +35.5% | +14.3% | +21.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Illinois Tool Works Inc.'s operating margin was 25.4% in Q1 2026, down 1.1 pp QoQ and up 0.6 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 26.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.1% | 43.8% | 44.2% | 44.5% | 44.0% | 43.2% | 42.9% | 43.1% | 43.2% | 45.4% | 41.3% | 41.8% | 41.7% |
| — | +1.5% | +3.1% | +3.2% | +1.8% | -4.9% | +3.8% | +3.1% | +3.5% | +10.7% | +0.7% | +4.3% | +5.6% | |
| Operating Margin | 26.3% | 25.4% | 26.5% | 27.4% | 26.4% | 24.8% | 26.2% | 26.5% | 26.2% | 28.4% | 24.8% | 26.5% | 24.8% |
| — | +2.5% | +1.1% | +3.3% | +0.7% | -12.7% | +5.7% | -0.1% | +5.6% | +17.3% | -0.1% | +8.3% | +7.4% | |
| Net Margin | 19.1% | 19.1% | 19.3% | 20.2% | 18.6% | 18.2% | 19.1% | 29.2% | 18.8% | 20.6% | 18.0% | 19.2% | 18.5% |
| — | +4.9% | +1.2% | -30.8% | -1.2% | -11.5% | +6.0% | +52.7% | +1.8% | +16.0% | -21.2% | +5.7% | +0.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 93.7% | 23.8% | 24.5% | 25.6% | 23.4% | 21.3% | 22.4% | 36.5% | 25.4% | 27.1% | 23.8% | 25.3% | 24.3% |
| — | +11.5% | +9.8% | -30.0% | -7.8% | -21.4% | -6.2% | +44.2% | +4.2% | +17.7% | -19.8% | +11.3% | +14.8% | |
| ROA | 19.6% | 4.7% | 4.9% | 5.1% | 4.8% | 4.6% | 4.9% | 7.4% | 4.9% | 5.3% | 4.6% | 5.0% | 4.8% |
| — | +3.4% | +0.8% | -30.9% | -1.4% | -12.8% | +4.7% | +48.6% | +1.8% | +15.3% | -21.6% | +5.7% | +3.4% | |
| ROIC | 29.0% | 6.7% | 7.2% | 7.4% | 7.3% | 6.8% | 7.3% | 7.4% | 7.5% | 8.2% | 7.3% | 7.8% | 7.3% |
| — | -1.3% | -1.0% | -0.0% | -3.4% | -17.1% | +0.2% | -5.8% | +3.2% | +15.7% | -0.8% | +6.4% | +6.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Illinois Tool Works Inc.'s Debt/EBITDA ratio is 8.8x, up from 7.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 25.6% YoY to 1.19x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.78 | 2.83 | 2.78 | 2.79 | 2.78 | 2.55 | 2.44 | 2.46 | 2.86 | 2.76 | 2.78 | 2.69 | 2.66 |
| — | +11.1% | +14.2% | +13.2% | -2.7% | -7.5% | -12.3% | -8.4% | +7.6% | +2.0% | +8.0% | +6.1% | +17.5% | |
| Debt / EBITDA | 1.95 | 8.81 | 7.57 | 7.38 | 7.66 | 7.90 | 7.13 | 7.22 | 7.35 | 6.80 | 7.70 | 6.91 | 7.41 |
| — | +11.6% | +6.2% | +2.2% | +4.2% | +16.1% | -7.4% | +4.5% | -0.8% | -13.1% | +5.1% | -1.7% | -0.2% | |
| Current Ratio | 1.21 | 1.19 | 1.21 | 1.53 | 1.59 | 1.60 | 1.36 | 1.36 | 1.30 | 1.32 | 1.33 | 1.58 | 1.59 |
| — | -25.6% | -11.0% | +12.3% | +21.7% | +21.4% | +1.9% | -13.7% | -17.8% | +10.0% | -5.1% | +11.9% | +6.8% | |
| Quick Ratio | 0.89 | 0.86 | 0.89 | 1.11 | 1.15 | 1.16 | 0.99 | 0.97 | 0.92 | 0.94 | 0.97 | 1.13 | 1.11 |
| — | -25.3% | -10.2% | +14.7% | +24.6% | +23.3% | +1.9% | -14.0% | -16.8% | +12.0% | +2.5% | +18.2% | +8.4% | |
| Interest Coverage | 14.58 | 13.97 | 14.65 | 14.99 | 14.49 | 14.16 | 15.46 | 20.74 | 14.40 | 16.10 | 14.24 | 16.12 | 14.93 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ITW stock.
Illinois Tool Works Inc.'s current P/E is 25.2x. The average P/E over the last 4 quarters is 23.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Illinois Tool Works Inc.'s current operating margin is 26.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Illinois Tool Works Inc.'s business trajectory between earnings reports.