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Illinois Tool Works ITW

US equityMarket cap rank #215Specialty Industrial Machinery
$271.18
−$2.24 (-0.82%)
Market open · Sep 24, 1:10 pm ET
After hours $273.42 0.00%
Open$271.80
Prev close$273.42
Day range$271.05 – $274.14
Volume302.2K
Market cap$77.23B
P/E (TTM)24.6
Dividend yield2.37%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$4.30B+6.1% YoY
Operating profit$1.15B+7.4% YoY
Net profit$815.00M+7.9% YoY
Diluted EPS$2.84+10.1% YoY
Free cash flow$631.00M+40.5% YoY
Operating cash flow$723.00M

Revenue, last 8 quarters

$4.0BSep '24$3.9BDec '24$3.8BMar '25$4.1BJun '25$4.1BSep '25$4.1BDec '25$4.0BMar '26$4.3BJun '26

Net profit, last 8 quarters

$1.2BSep '24$750.0MDec '24$700.0MMar '25$755.0MJun '25$821.0MSep '25$790.0MDec '25$768.0MMar '26$815.0MJun '26

Diluted EPS by quarter

3.91Sep '242.54Dec '242.38Mar '252.58Jun '252.81Sep '252.72Dec '252.66Mar '262.84Jun '26

Free cash flow by quarter

$783.0MSep '24$996.0MDec '24$496.0MMar '25$449.0MJun '25$904.0MSep '25$858.0MDec '25$528.0MMar '26$631.0MJun '26

Annual revenue

$12.6BFY20$14.5BFY21$15.9BFY22$16.1BFY23$15.9BFY24$16.0BFY25

Profitability & balance sheet

Gross margin44.2%
Operating margin26.5%
Net margin19.4%
Return on equity104.7%
Return on assets19.6%
Return on invested capital27.7%
Current ratio1.11
Liabilities / assets82.4%
Cash & investments$839.00M
Total debt$9.69B
Net cash (debt)-$8.86B
Free cash flow / sales17.7%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Automotive Original Equipment Manufacturer (OEM)$857.00M 19.9%
  • Test & Measurement and Electronics$769.00M 17.9%
  • Food Equipment$692.00M 16.1%
  • Welding$549.00M 12.8%
  • Construction Products$494.00M 11.5%
  • Polymers & Fluids$476.00M 11.1%
  • Specialty products$468.00M 10.9%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $4.30B $4.02B $16.04B $4.09B $4.06B
Total Operating Revenue $4.30B $4.02B $16.04B $4.09B $4.06B
Cost of Revenue $2.40B $2.26B $8.97B $2.28B $2.25B
Gross Profit $1.90B $1.76B $7.08B $1.81B $1.81B
Operating Expense $751.00M $740.00M $2.86B $724.00M $694.00M
Selling and Admin Expenses $735.00M $722.00M $2.78B $704.00M $676.00M
Depreciation & Amortization & Depletion $16.00M $18.00M $80.00M $20.00M $18.00M
-Depreciation & Amortization $16.00M $18.00M $80.00M $20.00M $18.00M
Operating Profit $1.15B $1.02B $4.22B $1.09B $1.11B
Net Non-Operating Interest Income (Expense) -$79.00M -$73.00M -$252.00M -$35.00M -$75.00M
Non-Operating Interest Expense $79.00M $73.00M $292.00M $75.00M $75.00M
Other Income (Expense) $12.00M $20.00M $2.00M -$26.00M $12.00M
Other Non-Operating Income (Expenses) $12.00M $20.00M $37.00M $9.00M $12.00M
Pretax Profit $1.08B $967.00M $3.97B $1.02B $1.05B
Tax $265.00M $199.00M $900.00M $234.00M $228.00M
Net Profit $815.00M $768.00M $3.07B $790.00M $821.00M
Profit from Continuing Operations $815.00M $768.00M $3.07B $790.00M $821.00M
Net Income to Parent Company $815.00M $768.00M $3.07B $790.00M $821.00M
Net Income to Common Stockholders $815.00M $768.00M $3.07B $790.00M $821.00M
Basic EPS $2.85 $2.66 $10.52 $2.73 $2.82
Diluted EPS $2.84 $2.66 $10.49 $2.72 $2.81
Dividend Per Share $1.61 $1.61 $6.22 $1.61 $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 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $16.49B $16.26B $16.15B $16.15B $16.14B
Total Current Assets $6.60B $6.34B $6.20B $6.20B $6.32B
Cash and Cash Equivalents & Short-Term Investments $839.00M $827.00M $851.00M $851.00M $924.00M
-Cash and Cash Equivalents $839.00M $827.00M $851.00M $851.00M $924.00M
Receivables $3.56B $3.38B $3.40B $3.40B $3.26B
-Accounts Receivable $3.56B $3.38B $3.23B $3.23B $3.26B
Inventory $1.76B $1.73B $1.66B $1.66B $1.73B
Other Current Assets $441.00M $402.00M $226.00M $226.00M $416.00M
Total Non-Current Assets $9.89B $9.93B $9.95B $9.95B $9.82B
Net PPE $2.24B $2.23B $2.52B $2.52B $2.20B
Goodwill and Other Intangible Assets $5.63B $5.66B $5.69B $5.69B $5.57B
-Goodwill $5.07B $5.08B $5.10B $5.10B $5.03B
-Other Intangible Assets $558.00M $574.00M $591.00M $591.00M $540.00M
Non-Current Deferred Assets $489.00M $505.00M $519.00M $519.00M $573.00M
Other Non-Current Assets $1.54B $1.54B $828.00M $828.00M $1.47B
Total Liabilities $13.60B $13.03B $12.92B $12.92B $12.93B
Total Current Liabilities $5.95B $5.33B $5.13B $5.13B $4.13B
Payables $1.22B $1.25B $1.20B $1.20B $1.30B
-Accounts Payable $636.00M $609.00M $522.00M $522.00M $608.00M
-Total Tax Payable $123.00M $180.00M $217.00M $217.00M $223.00M
-Dividends Payable $457.00M $463.00M $465.00M $465.00M $467.00M
Current Accrued Expenses $1.59B $1.53B $771.00M $771.00M $1.57B
Short-Term Debt and Capital Lease Obligation $3.15B $2.55B $2.35B $2.35B $1.27B
-Current Debt $3.15B $2.55B $2.29B $2.29B $1.27B
Total Non-Current Liabilities $7.65B $7.70B $7.80B $7.80B $8.79B
Long Term Debt and Capital Lease Obligation $6.55B $6.60B $6.86B $6.86B $7.68B
-Long Term Debt $6.55B $6.60B $6.68B $6.68B $7.68B
Non-Current Deferred Liabilities $162.00M $158.00M $154.00M $154.00M $149.00M
Other Non-Current Liabilities $935.00M $942.00M $574.00M $574.00M $970.00M
Total Equity $2.90B $3.23B $3.23B $3.23B $3.21B
Stockholders' Equity $2.89B $3.23B $3.23B $3.23B $3.21B
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 $1.84B $1.82B $1.77B $1.77B $1.75B
Retained Earnings $30.81B $30.45B $30.15B $30.15B $29.83B
Less: Treasury Stock $28.00B $27.25B $26.88B $26.88B $26.50B
Gains/Losses Not Affecting Retained Earnings -$1.76B -$1.80B -$1.83B -$1.83B -$1.88B
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 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $723.00M $623.00M $3.13B $963.00M $1.02B
Net cash flow from continuing operations $723.00M $623.00M $3.13B $963.00M $1.02B
Net Income from Continuing Operations $815.00M $768.00M $3.07B $790.00M $821.00M
Depreciation & Depletion & Amortization $98.00M $99.00M $397.00M $103.00M $100.00M
Deferred Tax $6.00M $1.00M -$17.00M $22.00M -$9.00M
Other Non-Cash Items $8.00M $3.00M $9.00M $5.00M $0.00
Change in Working Capital -$227.00M -$267.00M -$406.00M $24.00M $91.00M
-Change in Receivables -$184.00M -$165.00M -$92.00M $43.00M $55.00M
-Change in Inventory -$32.00M -$75.00M $34.00M $82.00M -$18.00M
-Change in Prepaid Assets $11.00M -$12.00M -$136.00M -$76.00M $3.00M
-Change in Payables and Accrued Expense $84.00M -$9.00M -$77.00M -$46.00M $13.00M
-Change In Other Working Capital -$106.00M -$6.00M -$135.00M $21.00M $38.00M
Net cash flow from investing -$85.00M -$99.00M -$521.00M -$221.00M -$116.00M
Net Cash Flow from Continuing Investing Activities -$85.00M -$99.00M -$521.00M -$221.00M -$116.00M
Net PPE Purchase and Sale -$90.00M -$93.00M -$408.00M -$101.00M -$117.00M
Net Business Purchase and Sale $0.00 $0.00 -$118.00M -$120.00M $0.00
Net Investment Purchase and Sale $1.00M $0.00 $7.00M $1.00M $1.00M
Net Other Investing Changes $4.00M -$6.00M -$2.00M -$1.00M $0.00
Financing Cash Flow -$632.00M -$547.00M -$2.74B -$818.00M -$775.00M
Net Cash Flow from Continuing Financing Activities -$632.00M -$547.00M -$2.74B -$818.00M -$775.00M
Net Issuance Payments Of Debt $596.00M $259.00M $508.00M $19.00M $25.00M
Net Common Stock Issuance -$750.00M -$323.00M -$1.44B -$370.00M -$362.00M
Cash Dividends Paid -$463.00M -$465.00M -$1.79B -$467.00M -$438.00M
Net Other Financing Charges -$15.00M -$18.00M -$32.00M $0.00 $0.00
Ending Cash Balance $839.00M $827.00M $851.00M $851.00M $924.00M
Net Change in Cash $6.00M -$23.00M -$139.00M -$76.00M $130.00M
Beginning Cash Balance $827.00M $851.00M $948.00M $924.00M $788.00M
Effect of Exchange Rate Changes $6.00M -$1.00M $42.00M $3.00M $6.00M
Free Cash Flow $631.00M $528.00M $2.71B $858.00M $904.00M
Gain/Loss from Continuing Operations $3.00M $1.00M $0.00
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