ILLINOIS TOOL WORKS INC ITW
Last close
270.12
2026-09-04
Market cap
$76.93B
2026-06-30 share count
52-week range
238.82 - 303.15
Valuation FY2025 figures against the last close
P/S4.8x
P/E25.8x
P/FCF28.4x
EV/EBITDA18.5x
Dividend yield2.3%
Diluted EPS10.49
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 10.52 | 11.75 | 9.77 | 9.80 | 8.55 | 6.66 | 7.78 | 7.65 | 4.90 | 5.73 |
| EPS, diluted | 10.49 | 11.71 | 9.74 | 9.77 | 8.51 | 6.63 | 7.74 | 7.60 | 4.86 | 5.70 |
| Shares, diluted (wtd. avg.) | $292.3M | $297.8M | $303.6M | $310.7M | $316.4M | $318.3M | $325.6M | $337.1M | $346.8M | $357.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3560
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|---|---|---|---|---|
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| ZWS | Zurn Elkay Water Solutions Corp | $7.94B | 41.4x | 8.3% |
| GTES | Gates Industrial Corp Ltd. | $6.57B | 27.0x | 1.0% |
| GHM | GRAHAM CORP | $1.03B | 78.4x | 16.9% |
| TWIN | TWIN DISC INC | $346.8M | 12.8x | 11.9% |
| GTEC | Greenland Technologies Holding Corp. | $19.6M | 3.1x | 8.0% |
| EFXT | Enerflex Ltd. | — | — | 6.5% |