Illinois Tool Works ITW
$280.95 −$4.46 (-1.56%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $280.95 0.00%
Open$281.24
Prev close$285.41
Day range$280.00 – $284.19
Volume1.92M
Market cap$79.85B
P/E (TTM)25.1
Dividend yield2.33%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$4.24B+4.4% YoY
Operating profit$1.18B+5.8% YoY
Net profit$855.00M+4.1% YoY
Diluted EPS$3.00+6.8% YoY
Free cash flow$851.00M-5.9% YoY
Operating cash flow$953.00M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin44.3%
Operating margin26.6%
Net margin19.4%
Return on equity101.7%
Return on assets19.8%
Return on invested capital28.1%
Current ratio1.29
Liabilities / assets81.0%
Cash & investments$809.00M
Total debt$9.37B
Net cash (debt)-$8.56B
Free cash flow / sales17.2%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $4.24B | $4.30B | $4.02B | $16.04B | $4.09B |
| Total Operating Revenue | $4.24B | $4.30B | $4.02B | $16.04B | $4.09B |
| Cost of Revenue | $2.33B | $2.40B | $2.26B | $8.97B | $2.28B |
| Gross Profit | $1.91B | $1.90B | $1.76B | $7.08B | $1.81B |
| Operating Expense | $733.00M | $751.00M | $740.00M | $2.86B | $724.00M |
| Selling and Admin Expenses | $717.00M | $735.00M | $722.00M | $2.78B | $704.00M |
| Depreciation & Amortization & Depletion | $16.00M | $16.00M | $18.00M | $80.00M | $20.00M |
| -Depreciation & Amortization | $16.00M | $16.00M | $18.00M | $80.00M | $20.00M |
| Operating Profit | $1.18B | $1.15B | $1.02B | $4.22B | $1.09B |
| Net Non-Operating Interest Income (Expense) | -$83.00M | -$79.00M | -$73.00M | -$252.00M | -$35.00M |
| Non-Operating Interest Expense | $83.00M | $79.00M | $73.00M | $292.00M | $75.00M |
| Other Income (Expense) | $37.00M | $12.00M | $20.00M | $2.00M | -$26.00M |
| Other Non-Operating Income (Expenses) | $37.00M | $12.00M | $20.00M | $37.00M | $9.00M |
| Pretax Profit | $1.13B | $1.08B | $967.00M | $3.97B | $1.02B |
| Tax | $276.00M | $265.00M | $199.00M | $900.00M | $234.00M |
| Net Profit | $855.00M | $815.00M | $768.00M | $3.07B | $790.00M |
| Profit from Continuing Operations | $855.00M | $815.00M | $768.00M | $3.07B | $790.00M |
| Net Income to Parent Company | $855.00M | $815.00M | $768.00M | $3.07B | $790.00M |
| Net Income to Common Stockholders | $855.00M | $815.00M | $768.00M | $3.07B | $790.00M |
| Basic EPS | $3.00 | $2.85 | $2.66 | $10.52 | $2.73 |
| Diluted EPS | $3.00 | $2.84 | $2.66 | $10.49 | $2.72 |
| Dividend Per Share | $1.72 | $1.61 | $1.61 | $6.22 | $1.61 |
| Non-Operating Interest Income | – | – | – | $40.00M | – |
| Gain on Sale of Security | – | – | – | -$35.00M | – |
| Earnings from Equity Interest | – | – | – | $0.00 | – |
| Special Income (Charges) | – | – | – | $0.00 | – |
| -Gain on Sale Of Business | – | – | – | $0.00 | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $16.50B | $16.49B | $16.26B | $16.15B | $16.15B |
| Total Current Assets | $6.60B | $6.60B | $6.34B | $6.20B | $6.20B |
| Cash and Cash Equivalents & Short-Term Investments | $809.00M | $839.00M | $827.00M | $851.00M | $851.00M |
| -Cash and Cash Equivalents | $809.00M | $839.00M | $827.00M | $851.00M | $851.00M |
| Receivables | $3.52B | $3.56B | $3.38B | $3.40B | $3.40B |
| -Accounts Receivable | $3.52B | $3.56B | $3.38B | $3.23B | $3.23B |
| Inventory | $1.82B | $1.76B | $1.73B | $1.66B | $1.66B |
| Other Current Assets | $450.00M | $441.00M | $402.00M | $226.00M | $226.00M |
| Total Non-Current Assets | $9.90B | $9.89B | $9.93B | $9.95B | $9.95B |
| Net PPE | $2.25B | $2.24B | $2.23B | $2.52B | $2.52B |
| Goodwill and Other Intangible Assets | $5.62B | $5.63B | $5.66B | $5.69B | $5.69B |
| -Goodwill | $5.07B | $5.07B | $5.08B | $5.10B | $5.10B |
| -Other Intangible Assets | $543.00M | $558.00M | $574.00M | $591.00M | $591.00M |
| Non-Current Deferred Assets | $492.00M | $489.00M | $505.00M | $519.00M | $519.00M |
| Other Non-Current Assets | $1.54B | $1.54B | $1.54B | $828.00M | $828.00M |
| Total Liabilities | $13.36B | $13.60B | $13.03B | $12.92B | $12.92B |
| Total Current Liabilities | $5.10B | $5.95B | $5.33B | $5.13B | $5.13B |
| Payables | $1.25B | $1.22B | $1.25B | $1.20B | $1.20B |
| -Accounts Payable | $623.00M | $636.00M | $609.00M | $522.00M | $522.00M |
| -Total Tax Payable | $133.00M | $123.00M | $180.00M | $217.00M | $217.00M |
| -Dividends Payable | $490.00M | $457.00M | $463.00M | $465.00M | $465.00M |
| Current Accrued Expenses | $1.64B | $1.59B | $1.53B | $771.00M | $771.00M |
| Short-Term Debt and Capital Lease Obligation | $2.22B | $3.15B | $2.55B | $2.35B | $2.35B |
| -Current Debt | $2.22B | $3.15B | $2.55B | $2.29B | $2.29B |
| Total Non-Current Liabilities | $8.26B | $7.65B | $7.70B | $7.80B | $7.80B |
| Long Term Debt and Capital Lease Obligation | $7.15B | $6.55B | $6.60B | $6.86B | $6.86B |
| -Long Term Debt | $7.15B | $6.55B | $6.60B | $6.68B | $6.68B |
| Non-Current Deferred Liabilities | $168.00M | $162.00M | $158.00M | $154.00M | $154.00M |
| Other Non-Current Liabilities | $934.00M | $935.00M | $942.00M | $574.00M | $574.00M |
| Total Equity | $3.14B | $2.90B | $3.23B | $3.23B | $3.23B |
| Stockholders' Equity | $3.14B | $2.89B | $3.23B | $3.23B | $3.23B |
| Capital Stock | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M |
| -Common Stock | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M |
| Additional Paid-In Capital | $1.87B | $1.84B | $1.82B | $1.77B | $1.77B |
| Retained Earnings | $31.18B | $30.81B | $30.45B | $30.15B | $30.15B |
| Less: Treasury Stock | $28.19B | $28.00B | $27.25B | $26.88B | $26.88B |
| Gains/Losses Not Affecting Retained Earnings | -$1.72B | -$1.76B | -$1.80B | -$1.83B | -$1.83B |
| Minority Interests | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| -Taxes Receivable | – | – | – | $177.00M | $177.00M |
| Prepaid Assets | – | – | – | $60.00M | $60.00M |
| -Gross PPE | – | – | – | $6.89B | $6.89B |
| -Accumulated Depreciation | – | – | – | -$4.36B | -$4.36B |
| Defined Pension Benefit | – | – | – | $388.00M | $388.00M |
| -Current Capital Lease Obligation | – | – | – | $62.00M | $62.00M |
| Current Deferred Liabilities | – | – | – | $340.00M | $340.00M |
| -Long Term Capital Lease Obligation | – | – | – | $180.00M | $180.00M |
| Employee Benefits | – | – | – | $205.00M | $205.00M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $953.00M | $723.00M | $623.00M | $3.13B | $963.00M |
| Net cash flow from continuing operations | $953.00M | $723.00M | $623.00M | $3.13B | $963.00M |
| Net Income from Continuing Operations | $855.00M | $815.00M | $768.00M | $3.07B | $790.00M |
| Depreciation & Depletion & Amortization | $100.00M | $98.00M | $99.00M | $397.00M | $103.00M |
| Deferred Tax | -$5.00M | $6.00M | $1.00M | -$17.00M | $22.00M |
| Other Non-Cash Items | -$27.00M | $8.00M | $3.00M | $9.00M | $3.00M |
| Change in Working Capital | $7.00M | -$227.00M | -$267.00M | -$406.00M | $24.00M |
| -Change in Receivables | $49.00M | -$184.00M | -$165.00M | -$92.00M | $43.00M |
| -Change in Inventory | -$67.00M | -$32.00M | -$75.00M | $34.00M | $82.00M |
| -Change in Prepaid Assets | -$11.00M | $11.00M | -$12.00M | -$136.00M | -$76.00M |
| -Change in Payables and Accrued Expense | $20.00M | $84.00M | -$9.00M | -$77.00M | -$46.00M |
| -Change In Other Working Capital | $16.00M | -$106.00M | -$6.00M | -$135.00M | $21.00M |
| Net cash flow from investing | -$74.00M | -$85.00M | -$99.00M | -$521.00M | -$221.00M |
| Net Cash Flow from Continuing Investing Activities | -$74.00M | -$85.00M | -$99.00M | -$521.00M | -$221.00M |
| Net PPE Purchase and Sale | -$106.00M | -$90.00M | -$93.00M | -$408.00M | -$94.00M |
| Net Business Purchase and Sale | $0.00 | $0.00 | $0.00 | -$118.00M | -$120.00M |
| Net Other Investing Changes | $33.00M | $4.00M | -$6.00M | -$2.00M | -$14.00M |
| Financing Cash Flow | -$916.00M | -$632.00M | -$547.00M | -$2.74B | -$818.00M |
| Net Cash Flow from Continuing Financing Activities | -$916.00M | -$632.00M | -$547.00M | -$2.74B | -$818.00M |
| Net Issuance Payments Of Debt | -$274.00M | $596.00M | $259.00M | $508.00M | $19.00M |
| Net Common Stock Issuance | -$176.00M | -$750.00M | -$323.00M | -$1.44B | -$370.00M |
| Cash Dividends Paid | -$458.00M | -$463.00M | -$465.00M | -$1.79B | -$467.00M |
| Net Other Financing Charges | -$8.00M | -$15.00M | -$18.00M | -$32.00M | $0.00 |
| Ending Cash Balance | $809.00M | $839.00M | $827.00M | $851.00M | $851.00M |
| Net Change in Cash | -$37.00M | $6.00M | -$23.00M | -$139.00M | -$76.00M |
| Beginning Cash Balance | $839.00M | $827.00M | $851.00M | $948.00M | $924.00M |
| Effect of Exchange Rate Changes | $7.00M | $6.00M | -$1.00M | $42.00M | $3.00M |
| Free Cash Flow | $851.00M | $631.00M | $528.00M | $2.71B | $858.00M |
| Net Investment Purchase and Sale | – | $1.00M | $0.00 | $7.00M | $1.00M |
| Gain/Loss from Continuing Operations | – | – | – | $3.00M | $1.00M |
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