Illinois Tool Works Inc (ITW)

Illinois Tool Works Inc. provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America. 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, cooking, refrigeration, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produce and sells test and measurement; and electronic manufacturing and maintenance, repair, and operations solutions. 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 provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company serves automotive OEM and aftermarket, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, and other markets, as well as MRO markets. It 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.

Symbol
ITW
Exchange
NYSE
Sector
Industrials
Industry
Specialty Industrial Machinery
Market cap
$74.88B
52 week range
238.82 - 303.16

Valuation

Share price
$262.92 (close of 2026-10-02)
P/E (TTM)
23.77x
Price to book
25.87x
Price to free cash flow
25.63x
Enterprise value
$83.73B
Book value per share
$10.17

Price performance

PeriodChange
1 day+0.80%
5 days-4.16%
1 month-2.29%
3 months-3.61%
6 months+1.82%
Year to date+6.75%
1 year+0.84%
3 years+14.27%
5 years+27.09%
10 years+119.39%
All time+23586.49%

Members of Congress who disclosed ITW trades

Kevin Hern · Lisa McClain · Richard McCormick · Bruce Westerman · Shelley Moore Capito · Carol Miller · Jared Moskowitz · Scott Franklin · Tommy Tuberville

Super investors holding ITW

Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Mairs & Power (Mairs & Power Inc)

Profitability and growth

Return on equity
95.04%
Return on invested capital
28.62%
Return on assets
18.99%
Return on capital employed
38.25%
Gross margin
52.90%
Net margin
19.11%
EBITDA margin
28.25%
Revenue growth
0.92%
Net income growth
-12.10%
Free cash flow growth
-4.82%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.90%
Current ratio
1.11x
Net debt to EBITDA
1.84x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$16.04B
Cost of revenue
$7.56B
Gross profit
$8.49B
EBITDA
$4.53B
Net income
$3.07B
Earnings per share
$10.52
Research and development
$302.00M
Shares outstanding
291.50M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$16.04B$8.49B$3.07B$10.52
2024-12-31$15.90B$8.29B$3.49B$11.75
2023-12-31$16.11B$8.16B$2.96B$9.77
2022-12-31$15.93B$7.80B$3.03B$9.80
2021-12-31$14.46B$5.97B$2.69B$8.55
2020-12-31$12.57B$5.20B$2.11B$6.66
2019-12-31$14.11B$5.92B$2.52B$7.78
2018-12-31$14.77B$6.16B$2.56B$7.65
2017-12-31$14.31B$6.01B$1.69B$4.90
2016-12-31$13.60B$5.69B$2.04B$5.73

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3152.90%19.11%95.04%28.62%
2024-12-3152.17%21.94%105.16%31.88%
2023-12-3150.68%18.36%98.14%30.76%
2022-12-3148.93%19.04%98.22%28.87%
2021-12-3141.27%18.64%74.30%28.51%
2020-12-3141.35%16.77%66.28%25.62%
2019-12-3141.97%17.87%83.20%29.32%
2018-12-3141.74%17.36%78.67%30.14%
2017-12-3141.97%11.79%36.76%19.36%
2016-12-3141.85%14.96%47.78%22.70%

Cash and debt by year

Period endCashDebt
2025-12-31$851.00M$6.68B
2024-12-31$948.00M$6.31B
2023-12-31$1.06B$6.34B
2022-12-31$708.00M$6.17B
2021-12-31$1.53B$6.91B
2020-12-31$2.56B$7.77B
2019-12-31$1.98B$7.75B
2018-12-31$1.50B$6.03B
2017-12-31$3.09B$7.48B
2016-12-31$2.47B$7.18B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.71B$69.00M
2024-12-31$2.84B$61.00M
2023-12-31$3.08B$69.00M
2022-12-31$1.94B$63.00M
2021-12-31$2.26B$53.00M
2020-12-31$2.57B$42.00M
2019-12-31$2.67B$41.00M
2018-12-31$2.45B$40.00M
2017-12-31$2.10B$36.00M
2016-12-31$2.03B$39.00M

Dividend history

Most recent payment
2026-09-30
Paid in the last twelve months
$6.55
Payment dateDividend per share
2026-09-30$1.72
2026-06-30$1.61
2026-03-31$1.61
2025-12-31$1.61
2025-09-30$1.61
2025-06-30$1.50
2025-03-31$1.50
2024-12-31$1.50

Investor relations

Next earnings report

Next confirmed report
2026-10-23
Consensus EPS estimate
$2.99

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-28Jun/2026$2.80
2026-04-30Mar/2026$2.55
2026-02-03Dec/2025$2.68
2025-10-24Sep/2025$2.69
2025-07-30Jun/2025$2.56
2025-04-30Mar/2025$2.34
2025-02-05Dec/2024$2.49
2024-10-30Sep/2024$2.53

Filings and sources

Company website
itw.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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