Illinois Tool Works Inc. ITW SPX

Industrials · Specialty Industrial Machinery · United States

https://www.itw.com

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.

Market & Price

Market Cap

$71.14B

Current Price

$247.28

High / Low (52W)

$297.72 / $234.68

Beta

1.05

Valuation

Stock P/E

22.94

Industry PE

28.38

Forward P/E

20.32

PEG Ratio

2.45

Book Value

$11.22

Price to Book

22.03

P/S

4.39

EV/EBITDA

16.81

Dividend Yield

2.60%

Profitability & Returns

ROCE

38.63%

ROE

96.85%

ROA

17.04%

Profit Margin

19.32%

Op Margin

25.67%

EPS (Latest Qtr)

$2.66

EPS (TTM)

$10.78

Balance Sheet & Liquidity

Debt/Equity

2.83

Quick Ratio

0.79

Current Ratio

1.19

Debt

$9.15B

Total Assets

$16.15B

Current Assets

$6.20B

Working Capital

$1.07B

Ownership

Promoter Holding

0.38%

Chg in Prom Hold

FII / Inst Holding

86.48%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$79.46B

Total Revenue (TTM)

$16.22B

EBITDA

$4.73B

Free Cash Flow

$2.22B

Operating Cash Flow

$3.16B

Shares Outstanding

287.70M

Gross Margin

44.12%

Payout Ratio

58.77%

Growth (CAGR)

Revenue 5Y

0.23%

Profit 5Y

0.35%

Revenue (YoY)

4.60%

Earnings (YoY)

11.80%

PROS

Strong return on equity of 96.8%.
Healthy ROCE of 38.6%.
Attractive dividend yield of 2.60%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	ITW Illinois Tool Works Inc. SPX	247.28	22.94	$71.14B	2.60%	38.63%	96.85%	0.23%	0.35%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	3.74B	3.83B	3.61B	3.58B	3.55B	3.61B	3.48B	3.47B	3.23B	2.56B	3.31B	3.48B	-	-	-	-	-	-	4.02B	4.07B	4.03B	3.97B	4.03B	3.97B	3.84B	4.05B	4.06B	4.09B	4.02B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.16B	2.27B	2.25B	2.28B	2.26B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.68B	1.78B	1.81B	1.81B	1.76B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	727.00M	714.00M	694.00M	724.00M	740.00M
Operating Income	730.00M	761.00M	679.00M	722.00M	792.00M	808.00M	742.00M	807.00M	872.00M	960.00M	846.00M	903.00M	932.00M	889.00M	860.00M	839.00M	871.00M	868.00M	824.00M	761.00M	449.00M	789.00M	883.00M	905.00M	893.00M	845.00M	895.00M	926.00M	983.00M	972.00M	1.01B	1.07B	1.13B	1.05B	1.05B	951.00M	1.07B	1.11B	1.08B	1.02B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.06B	1.17B	1.22B	1.20B	1.14B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68.00M	74.00M	75.00M	75.00M	73.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	895.00M	998.00M	1.05B	1.02B	967.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195.00M	243.00M	228.00M	234.00M	199.00M
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700.00M	755.00M	821.00M	790.00M	768.00M
Diluted EPS	1.30	1.39	1.23	1.29	1.46	1.50	1.45	1.54	1.69	1.85	-0.22	1.90	1.97	1.90	1.83	1.81	1.91	2.04	1.99	1.77	1.01	1.83	2.02	2.11	2.45	2.02	2.11	2.37	2.35	2.33	2.48	2.55	2.73	2.54	3.91	2.38	2.58	2.81	2.72	2.66

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	13.60B	14.31B	14.77B	14.11B	12.57B	14.46B	15.93B	16.11B	15.90B	16.04B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.43B	9.32B	8.86B	8.97B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.50B	6.79B	7.04B	7.08B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.71B	2.75B	2.78B	2.86B
Operating Income	2.63B	2.50B	1.38B	2.25B	2.36B	2.48B	2.51B	2.89B	2.87B	3.06B	3.48B	3.58B	3.40B	2.88B	3.48B	3.79B	4.04B	4.26B	4.22B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.46B	4.48B	5.11B	4.66B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	203.00M	266.00M	283.00M	292.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.84B	3.82B	4.42B	3.97B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	808.00M	866.00M	934.00M	900.00M
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.03B	2.96B	3.49B	3.07B
Diluted EPS	3.36	2.91	1.94	2.99	4.19	6.06	3.74	7.28	5.13	5.70	4.86	7.60	7.74	6.63	8.51	9.77	9.74	11.71	10.49
R&D Expense	-	212.66M	191.86M	213.00M	221.00M	240.00M	240.00M	227.00M	218.00M	223.00M	225.00M	233.00M	221.00M	214.00M	239.00M	269.00M	284.00M	292.00M	302.00M

Compounded Sales Growth

5 Years:	0.23%
1 Year:	4.60%

Compounded Profit Growth

5 Years:	0.35%
1 Year:	11.80%

Stock Price Performance

1 Year:	+3.45%
6 Months:	+0.85%
3 Months:	-14.38%
1 Month:	-6.92%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	15.20B	16.08B	16.41B	17.98B	19.31B	19.60B	17.46B	15.73B	15.20B	16.78B	14.87B	15.07B	15.61B	-	15.42B	15.52B	15.07B	16.15B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.27B	6.24B	5.86B	6.20B
Cash & Equivalents	590.21M	827.52M	860.99M	1.35B	1.19B	1.18B	2.78B	3.62B	3.99B	3.09B	2.47B	3.09B	1.50B	1.98B	2.56B	-	708.00M	1.06B	948.00M	851.00M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.05B	1.71B	1.60B	1.66B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.17B	3.12B	2.99B	3.23B
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.33B	12.51B	11.75B	12.92B
Current Liabilities	-	-	4.83B	2.84B	3.02B	2.98B	2.65B	6.03B	3.52B	2.37B	2.76B	3.05B	3.54B	2.15B	2.59B	-	4.46B	4.67B	4.31B	5.13B
Long Term Debt	-	-	1.25B	2.91B	2.54B	3.49B	4.59B	2.79B	5.94B	6.90B	7.18B	7.48B	6.03B	7.75B	7.77B	-	6.17B	6.34B	6.31B	6.68B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.95B	8.37B	8.08B	9.21B
Total Equity	-	-	7.68B	8.82B	9.57B	10.03B	10.57B	9.71B	6.82B	5.23B	4.26B	4.59B	3.26B	3.03B	3.18B	-	3.09B	3.01B	3.32B	3.23B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	550.00M	550.00M	550.00M	550.00M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	2.48B	2.22B	2.17B	1.49B	1.96B	2.07B	2.53B	1.62B	2.30B	2.30B	2.40B	2.81B	3.00B	2.81B	-	2.35B	3.54B	3.28B	3.13B
Investing Cash Flow	-924.05M	-1.76B	-514.00M	-672.00M	-1.58B	1.05B	-456.00M	2.84B	-210.00M	-532.00M	-251.00M	-325.00M	-183.00M	-214.00M	-	-110.00M	-403.00M	-144.00M	-521.00M
Financing Cash Flow	-1.39B	-461.48M	-1.26B	-1.05B	-321.00M	-1.57B	-1.14B	-3.55B	-2.53B	-2.25B	-1.67B	-3.96B	-2.33B	-2.05B	-	-3.00B	-2.78B	-3.19B	-2.74B
Capital Expenditure	-353.36M	-362.31M	-255.74M	-288.00M	-353.00M	-382.00M	-368.00M	-361.00M	-284.00M	-273.00M	-297.00M	-364.00M	-326.00M	-236.00M	-	-412.00M	-455.00M	-437.00M	-419.00M
Free Cash Flow	2.13B	1.86B	1.91B	1.20B	1.60B	1.69B	2.16B	1.25B	2.02B	2.03B	2.10B	2.45B	2.67B	2.57B	-	1.94B	3.08B	2.84B	2.71B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-762.00M	354.00M	-52.00M	-139.00M
Share Buybacks	1.76B	1.39B	0	350.00M	950.00M	2.02B	2.11B	4.35B	2.00B	2.00B	1.00B	2.00B	1.50B	706.00M	1.00B	1.75B	1.50B	1.50B	1.50B

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40.8%	42.2%	44.3%	44.1%
Operating Margin %	-	-	-	-	-	-	-	-	-	22.5%	24.3%	24.3%	24.1%	22.9%	24.1%	23.8%	25.1%	26.8%	26.3%
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19.0%	18.4%	21.9%	19.1%
ROE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98.3%	98.2%	105.2%	95.1%
ROCE %	-	24.1%	10.4%	16.8%	15.7%	14.9%	18.5%	20.7%	21.5%	24.6%	25.4%	31.6%	26.3%	22.1%	-	34.6%	37.3%	39.6%	38.3%

Shareholding Pattern

Insiders

0.38%

Institutions

86.48%

Public Float

86.80%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Briar Hall Management LLC	8.98%	25.84M	$6.39B
2	Blackrock Inc.	8.12%	23.37M	$5.78B
3	State Farm Mutual Automobile Insurance Co	7.31%	21.03M	$5.20B
4	Vanguard Capital Management LLC	6.06%	17.43M	$4.31B
5	State Street Corporation	4.40%	12.66M	$3.13B
6	Northern Trust Corporation	3.89%	11.20M	$2.77B
7	Geode Capital Management, LLC	2.45%	7.06M	$1.75B
8	Vanguard Portfolio Management LLC	2.36%	6.80M	$1.68B
9	Morgan Stanley	1.88%	5.40M	$1.34B
10	Capital Research Global Investors	1.65%	4.76M	$1.18B

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