Illinois Tool Works price to free cash flow ITW

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 26.9×
10-year median: 26.1×
Against its 10-year history: 57th; percentile: 0 is its lowest day, 100 its highest
10-year range: 15.0× to 38.4×
Peer median: 23.7×

Illinois Tool Works' price to free cash flow is 26.9× as of Oct 23, 2026.

That is above its ten-year median of 26.1×, close to the middle of its last ten years.

Over that time it ranged from 15.0× in Mar 2020 to 38.4× in Mar 2023.

The median for 10 industrial machinery stocks of a similar size is 23.7×.

Price to free cash flow over time

median 26.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	26.9×	25.4×	31.9×
2025	25.7×	23.3×	28.8×
2024	27.5×	23.5×	29.7×
2023	27.8×	23.7×	38.4×
2022	34.2×	27.2×	35.6×
2021	34.1×	24.0×	34.1×
2020	25.2×	15.0×	26.3×
2019	21.5×	17.9×	21.5×
2018	17.7×	17.6×	29.4×
2017	27.5×	21.9×	27.8×
2016	n/m a value too high to mean anything
2015	n/m a value too high to mean anything
2014	16.6×	15.4×	18.0×
2013	18.0×	16.0×	19.1×
2012	15.4×	13.2×	19.9×
2011	16.7×	15.2×	28.0×
2010	26.7×	11.9×	26.8×

Against its peers

Companies in Industrial - Machinery nearest Illinois Tool Works' size, closest first, today.

Company	Price to free cash flow
ITWIllinois Tool Works	26.9×
CMICummins	21.2×
EMREmerson Electric	26.1×
TTTrane Technologies	27.6×
PCARPACCAR	15.2×
PHParker-Hannifin	28.4×
ROKRockwell Automation	31.5×
CARRCarrier Global	24.0×
OTISOtis Worldwide	16.7×
IRIngersoll Rand	23.4×
GEVGE Vernova	17.5×
Peer median	23.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Illinois Tool Works

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.