ILLINOIS TOOL WORKS INC ITW

Industrials SIC 3560 - General Industrial Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Other General Purpose Machinery Manufacturing derived NYSE

Last close 275.75 2026-10-23
Market cap $78.53B 2026-06-30 share count
52-week range 238.82 - 303.15

Valuation FY2025 figures against the last close

P/S4.9x
P/E26.3x
P/FCF29.0x
EV/EBITDA18.8x
Dividend yield2.3%
Diluted EPS10.49

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Europe, Middle East and Africa
  • Asia Pacific
  • Canada/Mexico
  • South America
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 7.4B (46.1%) 46% United States Europe, Middle East and Africa, FY2025: 4.2B (25.9%) 26% Europe, Middle East and Africa Asia Pacific, FY2025: 3.1B (19.2%) 19% Asia Pacific Canada/Mexico, FY2025: 1.1B (6.8%) 7% South America, FY2025: 323M (2.0%) FY2024 United States, FY2024: 7.4B (46.4%) 46% Europe, Middle East and Africa, FY2024: 4.1B (25.8%) 26% Asia Pacific, FY2024: 3B (18.6%) 19% Canada/Mexico, FY2024: 1.2B (7.3%) 7% South America, FY2024: 306M (1.9%) FY2023 United States, FY2023: 7.6B (47.0%) 47% Europe, Middle East and Africa, FY2023: 4.1B (25.7%) 26% Asia Pacific, FY2023: 2.9B (18.2%) 18% Canada/Mexico, FY2023: 1.1B (7.1%) 7% South America, FY2023: 303M (1.9%)
Region FY2025FY2024FY2023
United States $7.39B $7.37B $7.58B
Europe, Middle East and Africa $4.16B $4.10B $4.15B
Asia Pacific $3.08B $2.96B $2.94B
Canada/Mexico $1.08B $1.16B $1.15B
South America $323.0M $306.0M $303.0M

As the company reported it, from the “Segment Information - Summary of Enterprise-wide Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $16.04B$15.90B$16.11B$15.93B$14.46B$12.57B$14.11B$14.77B$14.31B$13.60B
Cost of revenue $7.56B$7.60B$7.94B$8.14B$8.49B$7.38B$8.19B$8.60B$8.31B$7.91B
Gross profit $8.49B$8.29B$8.16B$7.80B$5.97B$5.20B$5.92B$6.16B$6.01B$5.69B
R&D $302.0M$292.0M$284.0M$269.0M$239.0M$214.0M$221.0M$233.0M$225.0M$223.0M
Operating income $4.22B$4.26B$4.04B$3.79B$3.48B$2.88B$3.40B$3.58B$3.48B$3.06B
Interest expense $292.0M$283.0M$266.0M$203.0M$202.0M$206.0M$221.0M$257.0M$260.0M$237.0M
Pre-tax income $3.97B$4.42B$3.82B$3.84B$3.33B$2.70B$3.29B$3.39B$3.27B$2.91B
Income tax $900.0M$934.0M$866.0M$808.0M$632.0M$595.0M$767.0M$831.0M$1.58B$873.0M
Net income $3.07B$3.49B$2.96B$3.03B$2.69B$2.11B$2.52B$2.56B$1.69B$2.04B
EPS, basic 10.5211.759.779.808.556.667.787.654.905.73
EPS, diluted 10.4911.719.749.778.516.637.747.604.865.70
Shares, diluted (wtd. avg.) 292.3M297.8M303.6M310.7M316.4M318.3M325.6M337.1M346.8M357.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $851.0M$948.0M$1.06B$708.0M$1.53B$2.56B$1.98B$1.50B$3.09B$2.47B
Receivables $3.23B$2.99B$3.12B$3.17B$2.84B$2.51B$2.46B$2.62B$2.63B$2.36B
Inventory $1.66B$1.60B$1.71B$2.05B$1.69B$1.19B$1.16B$1.32B$1.22B$1.08B
Total current assets $6.20B$5.86B$6.24B$6.27B$6.37B$6.52B$6.25B$5.78B$7.28B$6.12B
Property, plant and equipment $2.23B$2.04B$1.98B$1.85B$1.81B$1.78B$1.73B$1.79B$1.78B$1.65B
Goodwill $5.10B$4.84B$4.91B$4.86B$4.96B$4.69B$4.49B$4.63B$4.75B$4.56B
Other intangibles $591.0M$592.0M$657.0M$768.0M$972.0M$781.0M$851.0M$1.08B$1.27B$1.46B
Total assets $16.15B$15.07B$15.52B$15.42B$16.08B$15.61B$15.07B$14.87B$16.78B$15.20B
Accounts payable $522.0M$519.0M$581.0M$594.0M$585.0M$534.0M$472.0M$524.0M$590.0M$511.0M
Short-term debt $999.0M$777.0M$1.36B$535.0M$568.0M$350.0M$4.0M$1.35B$1.0M$650.0M
Total current liabilities $5.13B$4.31B$4.67B$4.46B$3.47B$2.59B$2.15B$3.54B$3.05B$2.76B
Long-term debt $6.68B$6.31B$6.34B$6.17B$6.91B$7.77B$7.75B$6.03B$7.48B$7.18B
Retained earnings $30.15B$28.89B$27.12B$25.80B$24.32B$23.11B$22.40B$21.22B$20.21B$19.50B
Total equity $3.23B$3.32B$3.01B$3.09B$3.63B$3.18B$3.03B$3.26B$4.59B$4.26B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.13B$3.28B$3.54B$2.35B$2.56B$2.81B$3.00B$2.81B$2.40B$2.30B
Depreciation and amortisation $317.0M$301.0M$282.0M$276.0M$277.0M$273.0M$267.0M$272.0M$256.0M$246.0M
Stock-based compensation $69.0M$61.0M$69.0M$63.0M$53.0M$42.0M$41.0M$40.0M$36.0M$39.0M
Capital expenditure $419.0M$437.0M$455.0M$412.0M$296.0M$236.0M$326.0M$364.0M$297.0M$273.0M
Investing cash flow -$521.0M-$144.0M-$403.0M-$110.0M-$984.0M-$214.0M-$183.0M-$325.0M-$251.0M-$532.0M
Financing cash flow -$2.74B-$3.19B-$2.78B-$3.00B-$2.56B-$2.05B-$2.33B-$3.96B-$1.67B-$2.25B
Dividends paid $1.78B$1.70B$1.61B$1.54B$1.46B$1.38B$1.32B$1.12B$941.0M$821.0M
Buybacks $1.50B$1.50B$1.50B$1.75B$1.00B$706.0M$1.50B$2.00B$1.00B$2.00B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000049826-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 13.6B Gross profit, FY2016: 5.7B Net income, FY2016: 2B Revenue, FY2017: 14.3B Gross profit, FY2017: 6B Net income, FY2017: 1.7B Revenue, FY2018: 14.8B Gross profit, FY2018: 6.2B Net income, FY2018: 2.6B Revenue, FY2019: 14.1B Gross profit, FY2019: 5.9B Net income, FY2019: 2.5B Revenue, FY2020: 12.6B Gross profit, FY2020: 5.2B Net income, FY2020: 2.1B Revenue, FY2021: 14.5B Gross profit, FY2021: 6B Net income, FY2021: 2.7B Revenue, FY2022: 15.9B Gross profit, FY2022: 7.8B Net income, FY2022: 3B Revenue, FY2023: 16.1B Gross profit, FY2023: 8.2B Net income, FY2023: 3B Revenue, FY2024: 15.9B Gross profit, FY2024: 8.3B Net income, FY2024: 3.5B Revenue, FY2025: 16B Gross profit, FY2025: 8.5B Net income, FY2025: 3.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $13.60B $14.31B $14.77B $14.11B $12.57B $14.46B $15.93B $16.11B $15.90B $16.04B
Gross profit $5.69B $6.01B $6.16B $5.92B $5.20B $5.97B $7.80B $8.16B $8.29B $8.49B
Net income $2.04B $1.69B $2.56B $2.52B $2.11B $2.69B $3.03B $2.96B $3.49B $3.07B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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