ITWNYSEGeneral Industrial Machinery & EquipmentFiscal year ends December 31
ILLINOIS TOOL WORKS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$270.17−2.11 (-0.77%)
Close on Oct 19, 2026
- Market cap
- $77.54B
- P/E (TTM)
- 25.8
- Dividend yield
- 2.26%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
52.9%+11.6 pts over 5 years
Operating margin
26.3%+3.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.9% | +0.2% | +5.0% | +1.8% | |
| Gross profit | +2.3% | +2.9% | +10.3% | +4.4% | |
| Operating income | -1.1% | +3.6% | +7.9% | +3.9% | |
| EPS, diluted | -10.4% | +2.4% | +9.6% | +7.4% | |
| Free cash flow | -4.8% | +11.8% | +1.0% | +3.0% | |
| Dividend per share | +7.2% | +7.1% | +7.0% | +11.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | 2.22 | 2.52 | 1.21 | |
| Interest coverage | 12.9× | 14.0× | 14.4× | |
| Inventory turnover | 7.3× | 6.3× | 4.6× | |
| Capex to revenue | 2.0% | 1.9% | 2.6% | |
| Diluted shares | 357M | 318M | 292M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Illinois Tool Works generated $14.85B from operations and spent $17.37B on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$14.85B
Used
$17.37B
Capital expenditure$2.02B12%Dividends$8.10B47%Share buybacks$7.25B42%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$3.13B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$3.13B vs –
- Less leverageLong-term debt to assets fell41.9% → 41.4%
- Better liquidityCurrent ratio rose1.36 → 1.21
- No dilutionShare count did not rise298M → 292M
- Gross margin improvedGross margin up on the prior year52.17% → 52.90%
- More efficientAsset turnover rose1.02 → 1.06