Illinois Tool Works ITW
- Market cap
- $78.5B
- PE
- 25.0×
- 10y median 24.2×
- Forward PE
- 23.5×
- 10y median 23.9×
- Price to sales
- 4.8×
- EV/EBIT
- 20.0×
- Revenue, 12 months
- $16.5B
- +4% on a year ago
- Net margin
- 19.4%
- Free cash flow yield
- 3.7%
Illinois Tool Works trades at 25.0× trailing earnings, near its ten-year median. Revenue was $16.5B over the last twelve months, up 4% on a year earlier with a 19% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $4B+1% | $4B+0% | $4B−1% | $4B−1% | $4B−2% | $3.9B−1% | $3.8B−3% | $4.1B+1% | $4.1B+2% | $4.1B+4% | $4B+5% | $4.3B+6% | |
| Cost of revenue | $2.3B−2% | $2.3B+0% | $2.1B−8% | $2.3B−4% | $2.2B−4% | $2.2B−4% | $2.2B+1% | $2.3B+0% | $2.3B+1% | $2.3B+3% | $2.3B+4% | $2.4B+6% |
| Gross profit | $1.7B+4% | $1.7B+1% | $1.8B+9% | $1.8B+2% | $1.7B+1% | $1.7B+2% | $1.7B−8% | $1.8B+1% | $1.8B+4% | $1.8B+6% | $1.8B+5% | $1.9B+7% |
| SG&A | $615M−1% | $658M+2% | $676M+0% | $686M−1% | $658M+7% | $655M−1% | $706M+4% | $693M+1% | $676M+3% | $704M+8% | $722M+2% | $735M+6% |
| $1.1B+9% | $988M+0% | $1.1B+16% | $1.1B+4% | $1.1B−2% | $1B+4% | $951M−16% | $1.1B+1% | $1.1B+6% | $1.1B+5% | $1B+7% | $1.1B+7% | |
| Interest expense | $67M+29% | $70M+25% | $71M+18% | $75M+9% | $69M+3% | $68M−3% | $68M−4% | $74M−1% | $75M+9% | $75M+10% | $73M+7% | $79M+7% |
| Pre-tax income | $1B+6% | $927M−17% | $1.1B+16% | $1B+5% | $1.4B+35% | $983M+6% | $895M−17% | $998M−1% | $1B−23% | $1B+4% | $967M+8% | $1.1B+8% |
| $241M+5% | $210M−2% | $253M+22% | $246M+19% | $202M−16% | $233M+11% | $195M−23% | $243M−1% | $228M+13% | $234M+0% | $199M+2% | $265M+9% | |
| Net income | $772M+6% | $717M−21% | $819M+15% | $759M+1% | $1.2B+50% | $750M+5% | $700M−15% | $755M−1% | $821M−29% | $790M+5% | $768M+10% | $815M+8% |
| $2.55+9% | $2.38−19% | $2.73+17% | $2.54+2% | $3.91+53% | $2.54+7% | $2.38−13% | $2.58+2% | $2.81−28% | $2.72+7% | $2.66+12% | $2.84+10% | |
| 303M−2% | 300.9M−2% | 300M−2% | 298.5M−2% | 297M−2% | 295.7M−2% | 294.5M−2% | 292.9M−2% | 291.7M−2% | 290.2M−2% | 289.1M−2% | 287M−2% |
Gross profit: 73 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 12 periods, Q2 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent. Q4 FY09 and Q4 FY12: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'.
Diluted shares: 14 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY17: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $4.3B | $4.2B to $4.3B | $2.97 | $2.90 to $3.05 | 8 |
| Q4 FY26 | $4.3B | $4.2B to $4.3B | $2.96 | $2.89 to $3.01 | 8 |
| Q1 FY27 | $4.2B | $4.1B to $4.2B | $2.75 | $2.71 to $2.80 | 3 |
| Q2 FY27 | $4.5B | $4.4B to $4.5B | $3.09 | $3.05 to $3.15 | 4 |
| Q3 FY27 | $4.4B | $4.4B to $4.5B | $3.19 | $3.15 to $3.25 | 3 |
| Q4 FY27 | $4.4B | $4.4B to $4.5B | $3.15 | $3.11 to $3.21 | 4 |
| Q1 FY28 | $4.3B | $4.3B to $4.4B | $2.93 | $2.89 to $2.99 | 4 |
| Q2 FY28 | $4.6B | $4.5B to $4.6B | $3.29 | $3.24 to $3.35 | 5 |
Peers
Companies in Industrial - Machinery nearest Illinois Tool Works' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| ITWIllinois Tool Works | $78.5B | 25.0× | 24.2× | 23.5× | 4.8× | +4% | 19.4% |
| CMICummins | $71.2B | 26.4× | 18.2× | 15.7× | 2.1× | +3% | 7.8% |
| EMREmerson Electric | $90.1B | 35.4× | 24.4× | 22.8× | 4.8× | +5% | 13.8% |
| TTTrane Technologies | $97.9B | 33.7× | 25.3× | 26.8× | 4.4× | +7% | 13.3% |
| PCARPACCAR | $56.3B | 22.5× | 14.2× | 16.2× | 2.0× | −11% | 9.0% |
| PHParker-Hannifin | $111B | 30.9× | 24.8× | 24.6× | 5.2× | +8% | 17.0% |
| ROKRockwell Automation | $47.3B | 39.9× | 30.6× | 29.3× | 5.3× | +11% | 13.4% |
| CARRCarrier Global | $46.4B | 39.1× | 18.8× | 18.6× | 2.1× | −2% | 5.5% |
| OTISOtis Worldwide | $28.6B | 19.3× | 26.4× | 17.5× | 1.9× | +5% | 10.2% |
| IRIngersoll Rand | $28.5B | 30.2× | 39.8× | 19.6× | 3.6× | +8% | 12.1% |
| GEVGE Vernova | $217.1B | 23.3× | 56.3× | 39.7× | 5.2× | +13% | 23.0% |
| Peer median | $63.8B | 30.6× | 25.1× | 21.2× | 4.0× | +6% | 12.7% |
Investors who own it
Investors we follow who held Illinois Tool Works at the end of Jun 30, 2026, from their 13F filings.
- Tom GaynerMarkel Group0.7% of portfolio
More on Illinois Tool Works
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 86Industrial machinery stocks with the highest profit margins
- #3of 56Industrial stocks with the highest dividend yields
- #1of 13Industrial machinery stocks with the highest dividend yields
- #9of 14Industrial machinery stocks with the lowest forward PE
Its groups
About
- Industry
- Industrial - Machinery
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .