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Illinois Tool Works Inc.

ITW NYSE Categories PDF
Industrials · Industrial - Machinery
Glenview, IL 60025-4075, United States IPO 1973 itw.com Updated Jun 27, 2:49am
Price
$267.71
Market Cap
$77.0B
Employees
44,000
Beta
1.03
Avg Volume
1,369,912
CEO
Christopher A. O'Herlihy
Business Description

Illinois Tool Works Inc. is a global enterprise specializing in the production and distribution of a wide array of industrial goods and specialized equipment. The company operates through seven distinct divisions: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM division supplies plastic and metal components, various fastening solutions, and integrated assemblies for automobiles, light-duty trucks, and other industrial applications. Its Food Equipment segment delivers commercial kitchen appliances for washing, refrigeration, cooking, and food processing, alongside comprehensive kitchen exhaust, ventilation, and pollution control systems, and offers related maintenance and repair services. The Test & Measurement and Electronics unit manufactures and sells machinery, expendable supplies, and accompanying software designed for assessing materials and structural integrity, in addition to equipment and consumables critical for the creation of electronic subassemblies and microelectronic components. The Welding division focuses on arc welding apparatus, coupled with metal arc welding consumables and associated accessories. The Polymers & Fluids segment produces adhesives, sealing compounds, lubrication and cutting fluids, and various fluids and polymers intended for automotive aftermarket upkeep and cosmetic purposes. The Construction Products segment provides purpose-engineered fastening systems and comprehensive solutions for new housing, renovation projects, and commercial building industries. Lastly, the Specialty Products segment delivers machinery and supplies for beverage packaging, equipment and expendables for product identification and marking, and specialized components and fasteners for appliances. ITW's broad clientele encompasses sectors such as automotive original equipment manufacturers (OEMs) and their suppliers, the commercial food service industry, construction companies, general industrial enterprises, and the automotive aftermarket. The corporation distributes its offerings directly to industrial manufacturers and via an extensive network of independent distributors. Established in 1912, Illinois Tool Works Inc. is headquartered in Glenview, Illinois.

Business History
Price History (1 Year)
Last updated: Jun 27, 2026 2:49am (6h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 24, 2026 11:27am (2d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
25.45
Stock Price: $267.71
EPS (Diluted): 10.52
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
22.32
Stock Price: $267.71
Total Equity: $3.23B
Shares: 292,300,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
17.23
Market Cap: $77.02B
Total Debt: $8.97B
Cash: $851.00M
EBITDA: $4.65B
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$80.1B
Market Cap: $77.02B
Total Debt: $8.97B
Cash: $851.00M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
44.1%
Gross Profit: $7.08B
Revenue: $16.04B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
26.3%
Operating Income: $4.22B
Revenue: $16.04B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
19.1%
Net Income: $3.07B
Revenue: $16.04B
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
95.1%
Net Income: $3.07B
Total Equity: $3.23B
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
28.7%
Operating Income: $4.22B
Tax Rate: 22.7%
Equity: $3.23B
Total Debt: $8.97B
Cash: $851.00M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.21
Current Assets: $6.20B
Current Liabilities: $5.13B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
2.78
Short-Term Debt: $2.29B
Long-Term Debt: $6.68B
Total Debt: $8.97B
Total Equity: $3.23B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$54.89
Revenue: $16.04B
Shares: 292,300,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$11.03
Total Equity: $3.23B
Shares: 292,300,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$9.26
Operating CF: $3.13B
CapEx: -$419.00M
Shares: 292,300,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
2.5%
Last Dividend: N/A
Stock Price: $267.71
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $3.07B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ITW against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 11:27am (2d ago)
Metric 2021 2022 2023 2024 2025
Revenue $14.5B $15.9B $16.1B $15.9B $16.0B
Cost of Revenue $8.6B $9.6B $9.4B $9.0B $9.0B
Gross Profit $5.8B $6.4B $6.7B $6.9B $7.1B
Operating Expenses $2.4B $2.6B $2.6B $2.7B $2.9B
Operating Income $3.5B $3.8B $4.0B $4.3B $4.2B
Net Income $2.7B $3.0B $3.0B $3.5B $3.1B
EBITDA $3.9B $4.5B $4.5B $5.1B $4.6B
EPS $8.55 $9.80 $9.77 $11.75 $10.52
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Last updated: Jun 24, 2026 11:27am (2d ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $1.5B $708.0M $1.1B $948.0M $851.0M
Total Current Assets $6.4B $6.3B $6.2B $5.9B $6.2B
Total Assets $16.1B $15.4B $15.5B $15.1B $16.1B
Current Liabilities $3.5B $4.5B $4.7B $4.3B $5.1B
Long-Term Debt $6.9B $6.2B $6.3B $6.3B $6.7B
Total Liabilities $12.5B $12.3B $12.5B $11.8B $12.9B
Total Equity $3.6B $3.1B $3.0B $3.3B $3.2B
Retained Earnings $24.3B $25.8B $27.1B $28.9B $30.2B
Cash Flow (Annual)
Last updated: Jun 24, 2026 11:27am (2d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $2.6B $2.3B $3.5B $3.3B $3.1B
Capital Expenditure -$296.0M -$412.0M -$455.0M -$437.0M -$419.0M
Free Cash Flow $2.3B $1.9B $3.1B $2.8B $2.7B
Acquisitions (net) -$731.0M $276.0M $27.0M $280.0M -$107.0M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$1.0B -$1.8B -$1.5B -$1.5B -$1.5B
Net Change in Cash -$1.0B -$819.0M $357.0M -$117.0M -$97.0M
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:49am (6h ago)
Metric 2026 2027 2028 2029
Revenue $16.6B
$16.5B – $16.7B
 $17.2B
$17.0B – $17.4B
 $17.7B
$17.7B – $17.8B
 $18.5B
$18.3B – $18.7B
EBITDA $5.4B
$5.4B – $5.5B
 $5.6B
$5.6B – $5.7B
 $5.8B
$5.8B – $5.8B
 $6.1B
$6.0B – $6.1B
Net Income $3.3B
$3.3B – $3.4B
 $3.6B
$3.5B – $3.7B
 $3.8B
$3.6B – $4.0B
 $3.9B
$3.9B – $4.0B
EPS — — — —
Growth Trends (YoY %)
Last updated: Jun 24, 2026 11:27am (2d ago)
Metric 2022 2023 2024 2025
Revenue Growth +10.2% +1.1% -1.3% +0.9%
Gross Profit Growth +9.2% +4.9% +3.9% +2.0%
Operating Income Growth +9.0% +6.6% +5.5% -1.1%
Net Income Growth +12.6% -2.5% +18.0% -12.1%
EBITDA Growth +13.1% +0.7% +13.9% -8.9%
Dividend History (Last 20)
Last updated: Jun 24, 2026 11:27am (2d ago)
Date Dividend Declaration Record Payment
2026-06-30 $1.61 2026-05-08 2026-06-30 2026-07-10
2026-03-31 $1.61 2026-02-13 2026-03-31 2026-04-09
2025-12-31 $1.61 2025-10-29 2025-12-31 2026-01-09
2025-09-30 $1.61 2025-08-01 2025-09-30 2025-10-10
2025-06-30 $1.50 2025-05-02 2025-06-30 2025-07-11
2025-03-31 $1.50 2025-02-14 2025-03-31 2025-04-10
2024-12-31 $1.50 2024-10-24 2024-12-31 2025-01-10
2024-09-30 $1.50 2024-08-02 2024-09-30 2024-10-11
2024-06-28 $1.40 2024-05-03 2024-06-28 2024-07-11
2024-03-27 $1.40 2024-02-09 2024-03-29 2024-04-11
2023-12-28 $1.40 2023-10-26 2023-12-29 2024-01-11
2023-09-28 $1.40 2023-08-04 2023-09-29 2023-10-12
2023-06-29 $1.31 2023-05-05 2023-06-30 2023-07-13
2023-03-30 $1.31 2023-02-10 2023-03-31 2023-04-13
2022-12-29 $1.31 2022-10-28 2022-12-30 2023-01-12
2022-09-29 $1.31 2022-08-05 2022-09-30 2022-10-14
2022-06-29 $1.22 2022-05-06 2022-06-30 2022-07-14
2022-03-30 $1.22 2022-02-11 2022-03-31 2022-04-14
2021-12-30 $1.22 2021-10-29 2021-12-31 2022-01-14
2021-09-29 $1.22 2021-08-06 2021-09-30 2021-10-14
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ITW — it's generated by the pipeline (market-narrative step).
Community AI Feedback
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30