greeksoup/ stocks
Stocks / United States / ITW · General Industrial Machinery & Equipment · NYSE

Illinois Tool Works Inc. (ITW)

Compare with another name

Illinois Tool Works Inc. (ITW) reported revenue of $4.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 6.1% on the same quarter a year earlier. Net income was $815 million, up 7.9% on the year, and diluted earnings per share $2.84. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$4.3 billionup 6.1%
Net income$815 millionup 7.9%
Diluted EPS$2.84
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE110.3%
ROCE34.7%
Operating margin26.5%
Net margin19.4%
FCF margin17.7%
Interest cover14.45
Debt to equity3.35
Cash conversion1.04
Share count, 1 year-2.3%
Sales CAGR, 3 years0.2%
Profit CAGR, 3 years0.4%
EPS, TTM$11.03

At the close of 21 September 2026

Price$267.52
Market cap$76.2 billion
Stock P/E24.25
Price to book26.32
EV / EBITDAn/a
Dividend yield2.3%
Market cap / sales4.63
52-week high$299.60
52-week low$241.07
Price, 1 year2.2%
Price CAGR, 3 years4.6%
Price CAGR, 5 years4.4%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the total debt Illinois Tool Works Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ITW

Filings19 in twelve months: 8 current reports (8-K), about 4 results of operations; 1 other events; 1 officer or director change; 1 shareholder vote; 1 material agreement
Planned insider sales6 Form 144 notices in twelve months, $65.7 million; latest 19 August 2026
Options tapeput/call 0.18 by open interest on 23 September 2026; the straddle prices a 4.1% move to 16 October 2026
Holders10 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading14 sales and 2 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest8.8 million shares short, 9.46 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue4,0313,9833,9734,0273,9663,9323,8394,0534,0594,0934,0164,301
Cost of revenue2,3192,3121,9171,9191,8841,8841,8211,9141,8981,9231,8872,033
Gross profit1,7121,6712,0562,1082,0822,0482,0182,1392,1612,1702,1292,268
Gross margin42%42%52%52%52%52%53%53%53%53%53%53%
Operating income1,0709881,1271,0541,0521,0319511,0681,1121,0851,0201,147
Operating margin27%25%28%26%27%26%25%26%27%27%25%27%
Interest expense67.070.071.075.069.068.068.074.075.075.073.079.0
Net income7727178197591,160750700755821790768815
Net margin19%18%21%19%29%19%18%19%20%19%19%19%
Diluted EPS$2.55$2.38$2.73$2.54$3.91$2.53$2.38$2.58$2.81$2.72$2.66$2.84
Operating cash flow9821,0395896878911,1145925501,021963623723
Capital expenditure12613195.011610811896.010111710595.092.0
Free cash flow856908494571783996496449904858528631
Buybacks375375375375375375375375375375375750
Dividends paid396421419418415443441439438467465463
Shares outstanding301m299m298m297m295m294m293m292m290m289m288m285m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue14,48413,40513,59914,31414,76814,10912,57414,45515,93216,10715,89816,04416,469
Cost of revenue8,6737,8887,8968,3098,6048,1877,3758,4898,1367,9447,6047,5567,741
Gross profit5,8115,5175,7036,0056,1645,9225,1995,9667,7968,1638,2948,4888,728
Gross margin40.1%41.2%41.9%42.0%41.7%42.0%41.3%41.3%48.9%50.7%52.2%52.9%53.0%
Research and development227218223225233221214239269284292302n/a
Operating income2,8882,8673,0563,4853,5843,4022,8823,4773,7904,0404,2644,2164,364
Operating margin19.9%21.4%22.5%24.3%24.3%24.1%22.9%24.1%23.8%25.1%26.8%26.3%26.5%
Interest expense250226237260257221206202203266283292302
Pre-tax income2,6992,7192,9083,2703,3943,2882,7043,3263,8423,823n/an/an/a
Income tax8098208731,583831767595632808866934900926
Effective tax rate30.0%30.2%30.0%48.4%24.5%23.3%22.0%19.0%21.0%22.7%n/an/an/a
Net income2,9461,8992,0351,6872,5632,5212,1092,6943,0342,9573,4883,0663,194
Net margin20.3%14.2%15.0%11.8%17.4%17.9%16.8%18.6%19.0%18.4%21.9%19.1%19.4%
Diluted EPS$7.28$5.13$5.70$4.86$7.60$7.74$6.63$8.51$9.77$9.74$11.71$10.49$11.03
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,6162,2992,3022,4022,8112,9952,8072,5572,3483,5393,2813,1263,330
Capital expenditure361284273297364326236296412455437419409
Free cash flow1,2552,0152,0292,1052,4472,6692,5712,2611,9363,0842,8442,7072,921
Free cash flow margin8.7%15.0%14.9%14.7%16.6%18.9%20.4%15.6%12.2%19.1%17.9%16.9%17.7%
Depreciation and amortisation504475n/an/an/an/an/an/an/an/an/an/an/a
Share-based compensation39.041.039.036.040.041.042.053.063.069.061.069.074.0
Buybacks4,3462,0022,0001,0002,0001,5007061,0001,7501,5001,5001,5001,875
Dividends paid7117428219411,1241,3211,3791,4631,5421,6151,6951,7851,833
Dividend per share$1.81$2.07$2.40$2.86$3.56$4.14$4.42$4.72$5.06$5.42$5.80$6.22n/a
Diluted shares, weighted405m370m357m347m337m326m318m316m311m304m298m292m287m
Shares outstanding at period end383m364m347m342m328m320m317m313m305m299m294m289m285m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets17,46515,72915,20116,78014,87015,06815,61216,07715,42215,51815,06716,14816,494
Cash and equivalents3,9903,0902,4723,0941,5041,9812,5641,5277081,065948851839
Receivables2,2932,2032,3572,6282,6222,4612,5062,8403,1713,1232,9913,2273,564
Inventory1,1801,0861,0761,2201,3181,1641,1891,6942,0541,7071,6051,6591,756
Goodwill4,6674,4394,5584,7524,6334,4924,6904,9654,8644,9094,8395,0985,074
Total debt, as filedn/an/an/an/an/a7,7588,1227,6877,7638,1647,8638,9699,694
Long-term debt5,9446,8977,8277,4797,3797,7588,1227,4776,7087,7007,0857,6826,549
Long-term debt including finance leasesn/a6,8967,1777,4786,0297,7547,772n/an/an/an/an/an/a
Operating lease liabilitiesn/an/an/an/an/a128133133131148158180n/a
Shareholders' equity6,8245,2284,2594,5893,2583,0303,1823,6263,0893,0133,3173,2262,895
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.8%5.0%0.2%4.3%
Profit growth, compounded4.9%7.8%0.4%-5.1%
Return on equity, average78.4%94.2%99.4%95.0%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: General Industrial Machinery & Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Illinois Tool Works Inc. ITW$76.2 billion24.25110.3%26.5%4.3%3.352.3%
Ingersoll Rand Inc. IR$28.1 billion29.769.4%18.1%7.8%0.40n/a
Zebra Technologies Corp. ZBRA$16.6 billion32.0715.7%14.7%12.7%0.81n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202524 October 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install