ITW

Illinois Tool Works
D

ITW

Arincen70/100B

If you had invested in Illinois Tool Works ago, it would be worth $2,932 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

70/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Illinois Tool Works key facts

Style
Dividend stock · 6.6/10Growth 3.5 · Value 4.7 · Dividend 6.6
Day range
287.05 – 290.36
52-week range
238.82 – 303.16
Market capitalization
82.02B USD
P/E
25.70
PEG ratio
4.30
EPS
11.23
Div Yield
2.38%
EPS growth forecast (FY2026)
+9.4%
Volume
3,166
Beta
0.94
ESG score
63.6/100Environment 61 · Social 65 · Governance 65
Sector
Industrials
Industry
Industrial - Machinery
CEO
Christopher A. O'Herlihy
Employees
43K
Website
itw.com
IPO date
13 Mar 1973

Illinois Tool Works earnings

Next earnings · Q4 FY2026
EPS estimate
2.98 USD
Revenue estimate
4.29B USD
Last quarter · Q3 FY2026
EPS3.04Beat +2.4%Revenue4.24BMissed -0.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20273.20——+5.10%4.39B——+3.60%
Q2 FY20273.09——+8.93%4.46B——+3.73%
Q1 FY20272.75——+3.52%4.19B——+4.44%
Q4 FY20262.98——+9.56%4.29B——+4.72%
Q3 FY20262.973.04+2.36%+8.19%4.26B4.24B-0.55%+4.36%
Q2 FY20262.792.84+1.79%+10.08%4.19B4.30B+2.67%+6.12%
Q1 FY20262.572.66+3.50%+11.76%4.01B4.02B+0.15%+4.61%
Q4 FY20252.692.72+1.12%+7.09%4.06B4.09B+0.70%+4.09%
Q3 FY20252.752.81+2.18%-28.13%4.08B4.06B-0.48%+2.34%
Q2 FY20252.562.58+0.78%+1.57%4.02B4.05B+0.71%+0.65%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Illinois Tool Works analyst forecast

12-month price target
284.60 USD
-1.39%

Analysts' 1-year price targets range from 270.00 to 297.00, with an average of 284.60.

Past year
1-year forecast
Strong sellStrong buy
Hold
9 ratings
Buy
0
Hold
5
Sell
4

12-month price target

Highest target297.00
Average target284.60
Lowest target270.00
Current price288.60

Illinois Tool Works valuation

Price to earnings ratio (TTM)
25.70
Forward P/E (FY2026)
25.14
Price to sales (TTM)
4.93
Price to book
26.11
EV / EBITDA (TTM)
18.82

Capital structure

Market capitalization
82.02B USD
+
Total debt
9.37B USD
−
Cash and short-term investments
809.00M USD
=
Enterprise value
90.58B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)22.05————
FY2027 (est.)23.4722.05———
FY2026 (est.)25.1423.47———
Now (TTM)25.7023.684.9326.1118.82
FY202523.4121.454.4922.3217.21
FY202421.5824.254.7322.6916.13
FY202326.8122.774.9226.3219.31
FY202222.4822.564.2822.0916.94
FY202128.8726.455.3821.4521.36

Illinois Tool Works against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Emerson Electric, Honeywell International, Cummins, Parker-Hannifin, PACCAR, and Carrier Global, the US Industrial - Machinery companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median25.7
    18.628.9
  • Gross marginHighest in 5 years44.1%
    40.0%44.1%
    Against its peers: 2 of 7Peers' median 31.4%
  • Operating marginAbove its median26.3%
    23.8%26.8%
    Against its peers: 1 of 7Peers' median 14.7%
  • Net marginAbove its median19.1%
    18.4%21.9%
    Against its peers: 1 of 7Peers' median 10.5%
  • Return on equityBelow its median95.1%
    74.3%105.2%
    Against its peers: 1 of 7Peers' median 18.0%
  • Free cash flow marginAt its median16.9%
    12.2%19.1%
    Against its peers: 3 of 7Peers' median 12.6%
  • Revenue growthBelow its median0.9%
    -1.3%15.0%
    Against its peers: 4 of 7Peers' median 2.0%
  • EPS growthLowest in 5 years-10.4%
    -10.4%28.4%
    Against its peers: 3 of 7Peers' median -21.6%
  • Debt to EBITDAAbove its median1.93×
    1.58×2.00×
    Against its peers: 3 of 7Peers' median 2.94×
  • Current ratioLowest in 5 years1.21
    1.211.84
    Against its peers: 5 of 7Peers' median 1.29

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Illinois Tool Works growth and profitability

Revenue (TTM)
16.65B USD
Net income (TTM)
3.23B USD
Gross margin
44.32%
Operating margin
26.61%
Net margin
19.39%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202516.04B+0.92%3.07B-12.10%44.10%26.28%19.11%4.66B-8.85%
FY202415.90B-1.30%3.49B+17.96%43.65%26.82%21.94%5.11B+13.89%
FY202316.11B+1.10%2.96B-2.54%41.46%25.08%18.36%4.48B+0.65%
FY202215.93B+10.22%3.03B+12.62%39.98%23.79%19.04%4.46B+13.13%
FY202114.46B+14.96%2.69B+27.74%40.35%24.05%18.64%3.94B+18.01%

Illinois Tool Works revenue breakdown

By product

FY2025
Automotive OEM: 20.5%Test and Measurement and Electronics: 17.6%Food Equipment: 16.8%Welding: 11.8%Construction Products: 11.3%Specialty Products: 11.1%Polymers and Fluids: 11.0%20.5%Automotive OEM17.6%Test and Measurement and Electronics16.8%Food Equipment11.8%Welding11.3%Construction Products11.1%Specialty Products11.0%Polymers and Fluids
SegmentRevenueShare of revenueChange on the year
Automotive OEM3.29B20.5%+3.1%
Test and Measurement and Electronics2.83B17.6%+0.2%
Food Equipment2.70B16.8%+2.0%
Welding1.89B11.8%+2.1%
Construction Products1.82B11.3%-4.7%
Specialty Products1.78B11.1%+1.8%
Polymers and Fluids1.77B11.0%+0.1%

By region

FY2025
North America: 34.6%United States: 30.2%Europe: 17.0%Asia Pacific: 12.6%Other North America: 4.4%South America: 1.3%34.6%North America30.2%United States17.0%Europe12.6%Asia Pacific4.4%Other North America1.3%South America
RegionRevenueShare of revenueChange on the year
North America8.48B34.6%-0.6%
United States7.40B30.2%—
Europe4.16B17.0%+1.5%
Asia Pacific3.08B12.6%+4.0%
Other North America1.09B4.4%—
South America323.00M1.3%+5.6%

How Illinois Tool Works makes its money

Automotive OEM3.29B 20.5%
Test and Measurement and Electronics2.83B 17.6%
Food Equipment2.70B 16.8%
Welding1.89B 11.8%
Construction Products1.82B 11.3%
Specialty Products1.78B 11.1%
Polymers and Fluids1.77B 11.0%
Revenue16.04B 100.0%
Cost of revenue8.97B 55.9%
Gross profit7.08B 44.1%
Selling and administration2.78B 17.3%
Other operating expenses80.00M 0.5%
Operating income4.22B 26.3%
Tax900.00M 5.6%
Other expense250.00M 1.6%
Net income3.07B 19.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Illinois Tool Works dividends

Annual dividend
6.88 USD
Dividend yield (indicated)
2.38%
Payout ratio
73.64%
Years of dividend growth
39
Frequency
Quarterly
Next payment
1.72 USD
Next ex-dividend date
31 Dec 2026
Next payment date
15 Jan 2027

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share6.115.705.334.974.644.354.073.342.732.30

Illinois Tool Works financial health

Cash and short-term investments
809.00M USD
Total debt
9.37B USD
Net cash
-8.56B USD
Free cash flow (TTM)
2.87B USD
Current ratio
1.29
Debt to equity
2.98
Piotroski score
8 / 9
Altman Z-score
8.33

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025851.00M8.97B2.71B
FY2024948.00M8.08B2.84B
FY20231.07B8.37B3.08B
FY2022708.00M7.95B1.94B
FY20211.53B7.88B2.26B

Illinois Tool Works ownership

Institutions
85.70%
Institutional holders
2,013 (+28)
Free float
90.48%

Who owns the shares

Institutions 85.7% Others 14.3%
As of 30 Jun 2026

Shares free to trade

Free float 257.14M shares ·90.5% Closely held 27.06M shares ·9.5%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260760.00K123.49K
Q3 20260541.85K83.14K
Q2 20261010.64K765.00
Q1 202608419.03K432.49K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025292.28M292.30M-1.85%
FY2024296.80M297.80M-1.91%
FY2023302.60M303.60M-2.29%
FY2022309.60M310.70M-1.80%
FY2021315.10M316.40M-0.60%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Illinois Tool Works

Sector: Industrials
Industry: Industrial - Machinery
Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one-fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test and measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers and fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.

Common questions about Illinois Tool Works stock