ITW · Illinois Tool Works Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.02B | - | $4.06B | $4.05B | $3.84B | - | $3.97B | $4.03B | $3.97B | - |
| Cost of Revenue | $1.89B | - | $1.90B | $1.91B | $1.92B | - | $2.23B | $2.26B | $2.15B | - |
| Gross Profit | $2.13B | - | $2.16B | $2.14B | $1.92B | - | $1.74B | $1.76B | $1.83B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $81.00M | - | - | - | $74.00M | - | - | - | $72.00M | - |
| Operating Income | $1.02B | - | $1.11B | $1.07B | $951.00M | - | $1.05B | $1.05B | $1.13B | - |
| Interest Expense | $73.00M | - | $75.00M | $74.00M | $71.00M | - | $69.00M | $69.00M | $71.00M | - |
| Income Tax | $199.00M | - | $228.00M | $243.00M | $195.00M | - | $202.00M | $246.00M | $253.00M | - |
| Net Income | $768.00M | - | $821.00M | $755.00M | $700.00M | - | $1.16B | $759.00M | $819.00M | - |
| EPS - Basic | $2.66 | - | $2.82 | $2.58 | $2.39 | - | $3.92 | $2.55 | $2.74 | - |
| EPS - Diluted | $2.66 | - | $2.81 | $2.58 | $2.38 | - | $3.91 | $2.54 | $2.73 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $827.00M | $851.00M | $924.00M | $788.00M | $873.00M | $948.00M | $947.00M | $862.00M | $959.00M | $1.06B |
| Accounts Receivable | $3.38B | $3.23B | $3.25B | $3.32B | $3.15B | $2.99B | $3.23B | $3.25B | $3.24B | $3.12B |
| Inventory | $1.73B | $1.66B | $1.73B | $1.71B | $1.66B | $1.60B | $1.82B | $1.82B | $1.82B | $1.71B |
| Accounts Payable | $609.00M | $522.00M | $608.00M | $613.00M | $594.00M | $519.00M | $556.00M | $576.00M | $597.00M | $581.00M |
| Current Assets | $6.33B | $6.20B | $6.32B | $6.23B | $6.04B | $5.86B | $6.30B | $6.26B | $6.37B | $6.24B |
| Total Assets | $16.26B | $16.15B | $16.14B | $16.05B | $15.47B | $15.07B | $15.82B | $15.58B | $15.65B | $15.52B |
| Current Liabilities | $5.33B | $5.13B | $4.13B | $3.93B | $3.78B | $4.31B | $4.63B | $4.80B | $4.84B | $4.67B |
| Long-term Debt | $6.60B | $6.68B | $7.67B | $7.70B | $7.28B | $6.31B | $6.58B | $6.43B | $6.26B | $6.34B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $3.23B | $3.23B | $3.21B | $3.21B | $3.24B | $3.32B | $3.39B | $2.96B | $3.02B | $3.01B |
| Retained Earnings | $30.45B | $30.15B | $29.82B | $29.47B | $29.15B | $28.89B | $28.58B | $27.87B | $27.52B | $27.12B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $623.00M | - | - | - | $592.00M | - | - | - | $589.00M | - |
| Investing Cash Flow | ($99.00M) | - | - | - | ($92.00M) | - | - | - | ($152.00M) | - |
| Financing Cash Flow | ($547.00M) | - | - | - | ($588.00M) | - | - | - | ($524.00M) | - |
| CapEx | $95.00M | - | - | - | $96.00M | - | - | - | $95.00M | - |
| Free Cash Flow | $528.00M | - | - | - | $496.00M | - | - | - | $494.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 53.0% | - | 53.2% | 52.8% | 50.1% | - | 43.8% | 43.8% | 46.0% | - |
| Operating margin | 25.4% | - | 27.4% | 26.4% | 24.8% | - | 26.5% | 26.2% | 28.4% | - |
| EBITDA margin | 27.4% | - | - | - | 26.7% | - | - | - | 30.2% | - |
| Net margin | 19.1% | - | 20.2% | 18.6% | 18.2% | - | 29.2% | 18.8% | 20.6% | - |
| Free cash flow margin | 13.1% | - | - | - | 12.9% | - | - | - | 12.4% | - |
| FCF / Net income | 0.69 | - | - | - | 0.71 | - | - | - | 0.60 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 20.6% | - | 21.7% | 24.3% | 21.8% | - | 14.8% | 24.5% | 23.6% | - |
| Return on assets | 4.7% | - | 5.1% | 4.7% | 4.5% | - | 7.3% | 4.9% | 5.2% | - |
| Return on equity | 23.8% | - | 25.6% | 23.5% | 21.6% | - | 34.2% | 25.6% | 27.1% | - |
| Return on invested capital | 8.2% | - | 8.0% | 7.4% | 7.1% | - | 9.0% | 8.5% | 9.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.19 | 1.21 | 1.53 | 1.59 | 1.60 | 1.36 | 1.36 | 1.30 | 1.32 | 1.33 |
| Quick ratio | 0.86 | 0.89 | 1.11 | 1.15 | 1.16 | 0.99 | 0.97 | 0.92 | 0.94 | 0.97 |
| Cash ratio | 0.16 | 0.17 | 0.22 | 0.20 | 0.23 | 0.22 | 0.20 | 0.18 | 0.20 | 0.23 |
| Leverage | ||||||||||
| Debt / Equity | 2.04 | 2.07 | 2.39 | 2.40 | 2.25 | 1.90 | 1.94 | 2.17 | 2.07 | 2.10 |
| Debt / Assets | 0.41 | 0.41 | 0.48 | 0.48 | 0.47 | 0.42 | 0.42 | 0.41 | 0.40 | 0.41 |
| Debt / EBITDA | 6.00 | - | - | - | 7.10 | - | - | - | 5.22 | - |
| Interest coverage | 14.0x | - | 14.8x | 14.4x | 13.4x | - | 15.2x | 15.3x | 15.9x | - |
| Equity multiplier | 5.04 | 5.01 | 5.03 | 5.00 | 4.77 | 4.54 | 4.67 | 5.26 | 5.18 | 5.15 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.25 | - | 0.25 | 0.25 | 0.25 | - | 0.25 | 0.26 | 0.25 | - |
| Inventory turnover | 1.09 | - | 1.10 | 1.12 | 1.15 | - | 1.23 | 1.24 | 1.18 | - |
| Days sales outstanding | 307d | - | 293d | 299d | 300d | - | 297d | 295d | 297d | - |
| Days inventory outstanding | 334d | - | 332d | 326d | 317d | - | 297d | 294d | 311d | - |
| Days payable outstanding | 118d | - | 117d | 117d | 113d | - | 91d | 93d | 102d | - |
| Cash conversion cycle | 523d | - | 508d | 508d | 503d | - | 503d | 495d | 506d | - |
| Valuation | ||||||||||
| P / E | 97.9x | - | 92.8x | 95.8x | 104.2x | - | 67.0x | 93.3x | 98.3x | - |
| P / B | 23.3x | - | 23.7x | 22.6x | 22.5x | - | 22.9x | 23.9x | 26.6x | - |
| P / S | 18.7x | - | 18.7x | 17.9x | 19.0x | - | 19.6x | 17.6x | 20.3x | - |
| EV / EBITDA | 73.6x | - | - | - | 77.5x | - | - | - | 71.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.6% | - | 2.3% | 0.6% | -3.4% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 10.8% | - | 24.5% | 21.2% | 5.1% | - | - | - | - | - |
| Operating income growth (YoY) | 7.3% | - | 5.7% | 1.3% | -15.6% | - | -1.7% | 4.4% | 15.9% | - |
| Net income growth (YoY) | 9.7% | - | -29.2% | -0.5% | -14.5% | - | 50.3% | 0.7% | 14.7% | - |
| EPS growth (YoY) | 11.8% | - | -28.1% | 1.6% | -12.8% | - | 53.3% | 2.4% | 17.2% | - |
| EPS CAGR (3y) | 4.5% | - | 6.1% | 2.9% | 4.1% | - | 24.6% | 1.2% | 9.0% | - |
| EPS CAGR (5y) | 4.7% | - | 9.0% | 20.6% | - | - | 13.9% | 5.9% | 8.6% | - |
| FCF growth (YoY) | 6.5% | - | - | - | 0.4% | - | - | - | -19.7% | - |
| FCF CAGR (5y) | -0.5% | - | - | - | - | - | - | - | -1.7% | - |
| Book value growth (YoY) | -0.4% | -2.7% | -5.4% | 8.4% | 7.3% | 10.1% | 12.9% | -4.3% | -2.6% | -2.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$17.83B totalAutomotive OEMSegment$3.29B · 18.4%
Testand Measurementand Electronics Segment$2.83B · 15.8%
Food Equipment Segment$2.70B · 15.1%
Welding Segment$1.89B · 10.6%
Construction Products Segment$1.82B · 10.2%
Specialty Products Segment$1.77B · 10.0%
Polymers And Fluids$1.76B · 9.9%
Polymers And Fluids Segment$1.76B · 9.9%
Geographic
$24.52B totalNorth America$8.48B · 34.6%
US$7.39B · 30.2%
EMEA$4.16B · 17.0%
Asia Pacific$3.08B · 12.6%
Canada And Mexico$1.08B · 4.4%
South America$323.00M · 1.3%
Peer comparison
Same SIC group: General Industrial Machinery & Equipment
Comparing ILLINOIS TOOL WORKS INC against the 5 most active filers in the same SIC group.
Dividends
$6.33/share trailing 12 months · +7.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $1.6100 |
| Dec 31, 2025 | $1.6100 |
| Sep 30, 2025 | $1.6100 |
| Jun 30, 2025 | $1.5000 |
| Mar 31, 2025 | $1.5000 |
| Dec 31, 2024 | $1.5000 |
| Sep 30, 2024 | $1.5000 |
| Jun 28, 2024 | $1.4000 |
| Mar 27, 2024 | $1.4000 |
| Dec 28, 2023 | $1.4000 |
| Sep 28, 2023 | $1.4000 |
| Jun 29, 2023 | $1.3100 |
| Mar 30, 2023 | $1.3100 |
| Dec 29, 2022 | $1.3100 |
| Sep 29, 2022 | $1.3100 |
| Jun 29, 2022 | $1.2200 |
| Mar 30, 2022 | $1.2200 |
| Dec 30, 2021 | $1.2200 |
| Sep 29, 2021 | $1.2200 |
| Jun 29, 2021 | $1.1400 |
| Mar 30, 2021 | $1.1400 |
| Dec 30, 2020 | $1.1400 |
| Sep 29, 2020 | $1.1400 |
| Jun 29, 2020 | $1.0700 |