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NYSE · Industrials

ILLINOIS TOOL WORKS INC (ITW)

As-reported financials and recent SEC filings for ILLINOIS TOOL WORKS INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ILLINOIS TOOL WORKS INC

Illinois Tool Works Inc (ITW) is a global manufacturer of industrial products and equipment operating in seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. The company produces components, fasteners, commercial food equipment, testing and measurement tools, welding equipment, adhesives, fastening systems, and specialty packaging and marking equipment. ITW serves a diverse range of markets including automotive, food service, electronics, industrial, construction, and consumer goods.

Snapshot

Revenue
$16.04B
Revenue growth (YoY)
0.9%
Net income
$3.07B
Diluted EPS
$10.49
Gross margin
52.9%
Operating margin
26.3%
Net margin
19.1%
FCF margin
16.9%
ROE
95.0%
P/E (TTM)
26.4×
Market cap
$81.94B
Debt / equity
2.1×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Illinois Tool Works

  • Revenue grew 0.9% to $16.0B in FY2025, after a 1.3% decline the year before.
  • Operating margin is 26.3% in FY2025, +2.2 pp against 24.1% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $4.0B, up 4.6% from Q1 FY2025.
  • Free cash flow was $2.7B in FY2025, 16.9% of revenue.
  • Net income fell 12.1% to $3.1B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Illinois Tool Works’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin52.9%
88th percentile of 467
Operating margin26.3%
95th percentile of 606
Net margin19.1%
92nd percentile of 646
FCF margin16.9%
88th percentile of 561
Revenue growth (YoY)+0.9%
38th percentile of 669
ROE95.0%
99th percentile of 601
P/E (TTM)26.4×
52nd percentile of 435
Debt / equity2.07×
91st percentile of 406
Short interest8.12d
89th percentile of 676

Illinois Tool Works’s return on equity of 95.0% ranks in the 99th percentile of the 601 Industrials companies reporting it. Illinois Tool Works’s operating margin of 26.3% ranks in the 95th percentile of the 606 Industrials companies reporting it. Illinois Tool Works’s net margin of 19.1% ranks in the 92nd percentile of the 646 Industrials companies reporting it.

1 open-market insider buy totaling $199,880 in the last 90 days. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
7
0 new, 7 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$1.33B
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ1 2026$382.1M1.5MAdded
D. E. ShawquantQ1 2026$263.0M1.0MAdded
AQR Capital ManagementquantQ1 2026$204.7M798.2KAdded
Renaissance TechnologiesquantQ1 2026$171.7M659.8KAdded
Citadel AdvisorsquantQ1 2026$120.6M463.2KReduced
Markel GroupQ1 2026$85.2M327.5KHeld
Millennium ManagementquantQ1 2026$65.1M250.0KAdded
Gotham Asset ManagementQ1 2026$26.4M101.6KAdded
Bridgewater AssociatesQ1 2026$9.1M35.1KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$200K
open-market value
Sells (90d)
0
Signal
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-02
filed 2026-06-04
Scanlon Jennifer F.DirectorBuy806$247.99$200K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.5M
settled 2026-07-15
Change vs prior
-5.9%
vs previous settlement
Days to cover
8.12
at avg daily volume
Avg daily volume
1.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-159.5M-5.9%8.12
2026-06-3010.1M+6.5%5.95
2026-06-159.5M-1.2%7.49
2026-05-299.6M+2.6%6.14
2026-05-159.4M+4.1%7.62
2026-04-309.0M+0.7%6.53
2026-04-159.0M-6.2%7.62
2026-03-319.5M+8.3%7.34

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$16.04B$15.90B$16.11B$15.93B$14.46B
Gross profit$8.49B$8.29B$8.16B$7.80B$5.97B
Operating income$4.22B$4.26B$4.04B$3.79B$3.48B
Net income$3.07B$3.49B$2.96B$3.03B$2.69B
Diluted EPS$10.49$11.71$9.74$9.77$8.51

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$851.0M$948.0M$1.06B$708.0M$1.53B
Current assets$6.20B$5.86B$6.24B$6.27B$6.37B
Total assets$16.15B$15.07B$15.52B$15.42B$16.08B
Current liabilities$5.13B$4.31B$4.67B$4.46B$3.47B
Long-term debt$6.68B$6.31B$6.34B$6.17B$6.91B
Total liabilities$12.92B$11.75B$12.51B$12.33B$12.45B
Total equity$3.23B$3.32B$3.01B$3.09B$3.63B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.13B$3.28B$3.54B$2.35B$2.56B
Capital expenditure$419.0M$437.0M$455.0M$412.0M$296.0M
Free cash flow$2.71B$2.84B$3.08B$1.94B$2.26B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$4.02B4.6%$768.0M$2.66
Q4 FY2025$4.09B4.1%$790.0M$2.72
Q3 FY2025$4.06B2.3%$821.0M$2.81
Q2 FY2025$4.05B0.6%$755.0M$2.58
Q1 FY2025$3.84B-3.4%$700.0M$2.38
Q4 FY2024$3.93B-1.3%$750.0M$2.54
Q3 FY2024$3.97B-1.6%$1.16B$3.91
Q2 FY2024$4.03B-1.2%$759.0M$2.54

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryGeneral Industrial Machinery & Equipment
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2014
SEC CIK49826

Recent SEC filings

10-K2026-02-13
View on EDGAR →
10-K2025-02-14
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-10-24
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-05-22
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.