Last 47 quarters of trend data · Industrials · Industrial - Machinery
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 26.62 | 23.81 | 24.46 | 22.64 | 23.20 | 23.96 | 26.05 | 24.96 | 16.76 | 23.32 | 24.57 | 27.51 | 22.58 | 25.22 | 26.12 | 18.67 | 19.22 | 19.22 | 24.81 | 31.97 | 25.57 |
| — | -0.6% | -6.1% | -9.3% | +38.5% | +2.7% | +6.0% | -9.3% | -25.8% | -7.5% | -5.9% | +47.4% | +17.5% | +31.2% | +5.3% | -41.6% | -24.9% | -15.7% | -5.5% | +26.7% | -3.1% | |
| P/S Ratio | 5.01 | 4.51 | 4.68 | 4.37 | 4.68 | 4.47 | 4.76 | 4.77 | 4.91 | 4.39 | 5.07 | 4.95 | 4.33 | 4.67 | 4.64 | 4.27 | 3.49 | 3.54 | 4.17 | 5.28 | 4.59 |
| — | +1.0% | -1.5% | -8.5% | -4.5% | +1.7% | -6.1% | -3.7% | +13.4% | -6.0% | +9.3% | +15.9% | +24.1% | +32.0% | +11.2% | -19.2% | -24.0% | -26.6% | -16.1% | +13.2% | -1.2% | |
| P/B Ratio | 25.30 | 26.81 | 23.30 | 22.16 | 23.70 | 22.55 | 22.53 | 22.61 | 22.95 | 23.88 | 26.65 | 26.18 | 23.23 | 24.60 | 24.03 | 21.96 | 18.56 | 16.80 | 18.34 | 21.44 | 18.69 |
| — | +18.9% | +3.4% | -2.0% | +3.3% | -5.6% | -15.5% | -13.6% | -1.2% | -2.9% | +10.9% | +19.2% | +25.1% | +46.4% | +31.0% | +2.4% | -0.7% | -16.5% | -14.7% | +5.2% | -17.9% | |
| P/FCF | 29.68 | 30.75 | 35.63 | 20.83 | 21.04 | 40.32 | 36.81 | 18.83 | 24.85 | 30.97 | 40.74 | 21.72 | 20.38 | 26.99 | 30.29 | 25.89 | 22.85 | 33.79 | 65.95 | 27.96 | 29.78 |
| — | -23.7% | -3.2% | +10.6% | -15.4% | +30.2% | -9.6% | -13.3% | +21.9% | +14.8% | +34.5% | -16.1% | -10.8% | -20.1% | -54.1% | -7.4% | -23.3% | -9.0% | +102.7% | +21.6% | +22.4% | |
| EV / EBITDA | 19.20 | 18.65 | 20.13 | 16.79 | 17.34 | 17.26 | 19.22 | 18.12 | 18.43 | 16.99 | 17.95 | 19.82 | 16.47 | 18.78 | 19.08 | 17.30 | 14.47 | 15.44 | 18.04 | 22.41 | 18.66 |
| — | +8.1% | +4.7% | -7.3% | -5.9% | +1.6% | +7.1% | -8.6% | +12.0% | -9.6% | -6.0% | +14.6% | +13.8% | +21.7% | +5.8% | -22.8% | -22.5% | -19.6% | -4.4% | +25.5% | +0.8% | |
| EV / EBIT | 20.98 | 18.65 | 20.09 | 18.11 | 18.70 | 18.79 | 20.88 | 19.54 | 14.89 | 18.14 | 19.22 | 21.61 | 17.79 | 20.24 | 20.81 | 15.95 | 15.56 | 16.72 | 19.87 | 25.00 | 20.71 |
| — | -0.7% | -3.8% | -7.3% | +25.6% | +3.6% | +8.6% | -9.6% | -16.3% | -10.4% | -7.7% | +35.5% | +14.3% | +21.1% | +4.7% | -36.2% | -24.9% | -19.9% | -4.0% | +24.1% | -2.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.1% | 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% | 41.0% | 41.0% | 40.1% | 39.5% | 39.3% | 39.5% | 40.1% |
| — | +0.4% | +1.5% | +3.1% | +3.2% | +1.8% | -4.9% | +3.8% | +3.1% | +3.5% | +10.7% | +0.7% | +4.3% | +5.6% | +4.3% | +3.8% | -0.1% | -1.9% | -5.4% | -4.6% | -1.7% | |
| Operating Margin | 26.3% | 26.7% | 25.4% | 26.5% | 27.4% | 26.4% | 24.8% | 26.2% | 26.5% | 26.2% | 28.4% | 24.8% | 26.5% | 24.8% | 24.2% | 24.8% | 24.5% | 23.1% | 22.7% | 22.7% | 23.8% |
| — | +1.2% | +2.5% | +1.1% | +3.3% | +0.7% | -12.7% | +5.7% | -0.1% | +5.6% | +17.3% | -0.1% | +8.3% | +7.4% | +6.4% | +9.5% | +3.1% | -5.0% | -11.0% | -10.8% | -0.4% | |
| Net Margin | 19.1% | 18.9% | 19.1% | 19.3% | 20.2% | 18.6% | 18.2% | 19.1% | 29.2% | 18.8% | 20.6% | 18.0% | 19.2% | 18.5% | 17.8% | 22.8% | 18.1% | 18.4% | 16.8% | 16.6% | 18.0% |
| — | +1.7% | +4.9% | +1.2% | -30.8% | -1.2% | -11.5% | +6.0% | +52.7% | +1.8% | +16.0% | -21.2% | +5.7% | +0.6% | +5.7% | +38.0% | +0.9% | -12.7% | -11.2% | -10.4% | +2.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 93.7% | 26.6% | 23.8% | 24.5% | 25.6% | 23.4% | 21.3% | 22.4% | 36.5% | 25.4% | 27.1% | 23.8% | 25.3% | 24.3% | 23.1% | 29.7% | 22.7% | 21.2% | 18.4% | 17.1% | 18.2% |
| — | +13.7% | +11.5% | +9.8% | -30.0% | -7.8% | -21.4% | -6.2% | +44.2% | +4.2% | +17.7% | -19.8% | +11.3% | +14.8% | +25.6% | +73.7% | +24.8% | -7.0% | -11.6% | -21.7% | -20.9% | |
| ROA | 19.6% | 5.0% | 4.7% | 4.9% | 5.1% | 4.8% | 4.6% | 4.9% | 7.4% | 4.9% | 5.3% | 4.6% | 5.0% | 4.8% | 4.6% | 5.9% | 4.7% | 4.6% | 4.1% | 3.9% | 4.1% |
| — | +3.8% | +3.4% | +0.8% | -30.9% | -1.4% | -12.8% | +4.7% | +48.6% | +1.8% | +15.3% | -21.6% | +5.7% | +3.4% | +11.4% | +53.5% | +14.5% | -6.9% | -4.7% | -8.3% | +3.1% | |
| ROIC | 29.0% | 7.4% | 6.7% | 7.2% | 7.4% | 7.3% | 6.8% | 7.3% | 7.4% | 7.5% | 8.2% | 7.3% | 7.8% | 7.3% | 7.1% | 7.3% | 7.4% | 6.8% | 6.7% | 6.6% | 7.0% |
| — | +1.4% | -1.3% | -1.0% | -0.0% | -3.4% | -17.1% | +0.2% | -5.8% | +3.2% | +15.7% | -0.8% | +6.4% | +6.7% | +5.7% | +11.4% | +5.6% | -8.7% | -13.2% | -13.7% | -1.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.78 | 3.35 | 2.83 | 2.78 | 2.79 | 2.78 | 2.55 | 2.44 | 2.46 | 2.86 | 2.76 | 2.78 | 2.69 | 2.66 | 2.70 | 2.57 | 2.53 | 2.26 | 2.19 | 2.17 | 2.16 |
| — | +20.3% | +11.1% | +14.2% | +13.2% | -2.7% | -7.5% | -12.3% | -8.4% | +7.6% | +2.0% | +8.0% | +6.1% | +17.5% | +23.2% | +18.4% | +17.1% | +4.1% | -9.6% | -16.8% | -26.6% | |
| Debt / EBITDA | 1.95 | 8.36 | 8.81 | 7.57 | 7.38 | 7.66 | 7.90 | 7.13 | 7.22 | 7.35 | 6.80 | 7.70 | 6.91 | 7.41 | 7.82 | 7.33 | 7.03 | 7.42 | 7.85 | 8.40 | 7.96 |
| — | +9.2% | +11.6% | +6.2% | +2.2% | +4.2% | +16.1% | -7.4% | +4.5% | -0.8% | -13.1% | +5.1% | -1.7% | -0.2% | -0.3% | -12.8% | -11.6% | -3.4% | -0.7% | -0.1% | -9.2% | |
| Current Ratio | 1.21 | 1.11 | 1.19 | 1.21 | 1.53 | 1.59 | 1.60 | 1.36 | 1.36 | 1.30 | 1.32 | 1.33 | 1.58 | 1.59 | 1.20 | 1.41 | 1.41 | 1.48 | 1.73 | 1.84 | 2.20 |
| — | -30.1% | -25.6% | -11.0% | +12.3% | +21.7% | +21.4% | +1.9% | -13.7% | -17.8% | +10.0% | -5.1% | +11.9% | +6.8% | -31.0% | -23.5% | -35.7% | -32.5% | -30.8% | -27.1% | -7.5% | |
| Quick Ratio | 0.89 | 0.81 | 0.86 | 0.89 | 1.11 | 1.15 | 1.16 | 0.99 | 0.97 | 0.92 | 0.94 | 0.97 | 1.13 | 1.11 | 0.84 | 0.95 | 0.95 | 1.02 | 1.24 | 1.35 | 1.69 |
| — | -29.3% | -25.3% | -10.2% | +14.7% | +24.6% | +23.3% | +1.9% | -14.0% | -16.8% | +12.0% | +2.5% | +18.2% | +8.4% | -32.7% | -29.9% | -43.4% | -40.7% | -38.4% | -34.5% | -12.3% | |
| Interest Coverage | 14.58 | 14.67 | 14.25 | 14.65 | 14.99 | 14.49 | 14.16 | 15.46 | 20.74 | 14.40 | 16.10 | 14.24 | 16.12 | 14.93 | 16.37 | 21.02 | 19.40 | 20.21 | 18.94 | 17.16 | 17.45 |
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Includes 30+ ratios · 47 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 26.6x. The average P/E over the last 4 quarters is 23.5x. 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.