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Illinois Tool Works Inc.

ITW Industrials Specialty Industrial Machinery

Illinois Tool Works Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.0 billion, up 0.92% from fiscal 2024.

Revenue: +4.36%
EPS: +6.53%
Free cash flow: −5.57%
Total debt: +4.81%

Quarter to September 2026, against a year earlier

283.28 2.13 −0.75%

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Market cap: $81.1B
P/E: 25.4×
Fwd P/E: 24.3×
Dividend yield: 2.30%
F-score: 4/9
Altman Z: 7.88
Beneish M: −2.43
Dividend safety: 76/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	23.41	21.56	26.67	22.46	28.87	30.61	23.06	16.56	33.80	21.38
Piotroski F-Score Full definition →	4	6	6	6	6	5	8	7	7	7
P/S ratio Full definition →	4.48	4.73	4.90	4.28	5.38	5.14	4.12	2.87	3.97	3.20
Altman Z-Score Full definition →	7.88	8.64	8.27	7.65	7.70	6.91	6.99	6.16	6.35	6.00
Altman Z″-Score (non-manufacturers) Full definition →	8.54	9.12	8.36	8.14	7.88	7.99	8.41	7.55	7.37	7.39
P/FCF ratio Full definition →	26.42	26.35	25.40	34.96	34.27	25.03	21.60	17.16	26.84	21.27
Beneish M-Score Full definition →	(2.43)	(2.48)	(2.69)	(2.20)	(2.28)	(2.65)	(2.71)	(2.53)	(2.57)	(2.52)
P/Operating CF Full definition →	74.56	67.56	75.89	84.11	100.47	83.58	75.17	52.46	81.83	65.50
Dividend Safety Score Full definition →	76	—	—	—	—	—	—	—	—	—
P/B ratio Full definition →	22.26	22.69	26.17	22.08	21.45	20.30	19.20	13.03	12.39	10.21
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	4.98	5.17	5.34	4.72	5.81	5.58	4.53	3.27	4.34	3.59
EV/EBITDA Full definition →	17.32	17.61	19.38	17.92	21.59	21.21	16.71	11.94	15.73	13.85
EV/Operating CF Full definition →	25.56	25.04	24.29	32.06	32.82	25.00	21.36	17.19	25.85	21.22
EV/FCF Full definition →	29.40	28.77	27.69	38.58	36.99	27.19	23.74	19.54	29.31	23.89
Quick Ratio Full definition →	0.80	0.91	0.90	0.87	1.26	1.96	2.06	1.16	1.87	1.75
Current Ratio Full definition →	1.21	1.36	1.33	1.41	1.84	2.52	2.90	1.63	2.38	2.22
Net Debt/EBITDA Full definition →	1.76	1.48	1.60	1.68	1.58	1.68	1.51	1.45	1.33	1.52
Debt/Assets Full definition →	55.54%	52.19%	52.61%	50.34%	47.81%	52.02%	51.49%	49.63%	49.63%	51.50%
Debt/Equity Full definition →	2.78	2.37	2.71	2.51	2.12	2.55	2.56	2.27	1.81	1.84
Asset Turnover Full definition →	1.03	1.04	1.04	1.01	0.91	0.82	0.94	0.93	0.90	0.88
Operating CF/Net income Full definition →	1.02	0.94	1.20	0.77	0.95	1.33	1.19	1.10	1.42	1.13
Capex/Depreciation Full definition →	(1.03)	(1.06)	(1.10)	(0.97)	(0.70)	(0.53)	(0.71)	(0.73)	(0.61)	(0.55)
Interest Coverage Full definition →	14.44	15.07	15.19	18.67	17.21	13.99	15.39	13.95	13.40	12.89
ROE Full definition →	93.72%	110.21%	96.92%	90.36%	79.14%	67.90%	80.18%	65.32%	38.13%	42.90%
ROA Full definition →	19.64%	22.81%	19.11%	19.26%	17.00%	13.75%	16.84%	16.20%	10.55%	13.16%
ROIC Full definition →	23.23%	26.05%	24.97%	23.35%	22.21%	20.61%	24.14%	24.52%	22.17%	19.86%
Return on Tangible Assets Full definition →	92.80%	97.32%	83.63%	82.94%	57.16%	36.93%	43.26%	63.65%	28.10%	40.58%
Average Days of Receivables Full definition →	73.41	68.67	70.77	72.65	71.71	72.74	63.67	64.80	67.01	63.26
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	17.32%	16.83%	16.38%	16.19%	16.30%	17.20%	16.73%	16.19%	16.85%	17.73%
Intangible Assets out of Total Assets Full definition →	0.35	0.36	0.36	0.37	0.37	0.35	0.35	0.38	0.36	0.40
Share Based Compensation of Revenue Full definition →	0.43%	0.38%	0.43%	0.40%	0.37%	0.33%	0.29%	0.27%	0.25%	0.29%
Graham Net Nets Full definition →	(0.09)	(0.08)	(0.08)	(0.09)	(0.08)	(0.09)	(0.10)	(0.14)	(0.09)	(0.11)
Graham Number Full definition →	51.18	54.38	46.78	46.93	47.05	38.79	40.49	40.91	38.31	39.33
Earnings Yield Full definition →	4.27%	4.64%	3.75%	4.45%	3.46%	3.27%	4.34%	6.04%	2.96%	4.68%
Free Cash Flow Yield Full definition →	3.79%	3.80%	3.94%	2.86%	2.92%	3.99%	4.63%	5.83%	3.73%	4.70%
Revenue per Share Full definition →	55.04	53.56	53.23	51.46	45.87	39.68	43.56	44.08	41.60	38.31
Operating CF per Share Full definition →	10.72	11.05	11.70	7.58	8.11	8.86	9.25	8.39	6.98	6.48
Capex per Share Full definition →	(1.40)	(1.43)	(1.44)	(1.28)	(0.91)	(0.71)	(0.93)	(1.01)	(0.82)	(0.72)
Free Cash Flow per Share Full definition →	9.32	9.62	10.26	6.30	7.20	8.14	8.32	7.38	6.16	5.76
Cash per Share Full definition →	2.92	3.19	3.52	2.29	4.85	8.09	6.12	4.49	8.99	6.96
Shareholders Equity per Share Full definition →	11.07	11.18	9.96	9.98	11.51	10.04	9.35	9.73	13.34	12.00
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	11.07	11.18	9.96	9.98	11.51	10.04	9.35	9.73	13.34	12.00
Free Cash Flow Full definition →	2,718.00	2,856.00	3,104.00	1,951.00	2,269.00	2,581.00	2,694.00	2,473.00	2,119.00	2,045.00
Working Capital Full definition →	1,074.00	1,548.00	1,560.00	1,810.00	2,904.00	3,934.00	4,099.00	2,236.00	4,225.00	3,363.00
Capital Expenditures Full definition →	(408.00)	(425.00)	(435.00)	(397.00)	(288.00)	(226.00)	(301.00)	(338.00)	(283.00)	(257.00)
Net Current Asset Value Full definition →	(6,722.00)	(5,894.00)	(6,270.00)	(6,063.00)	(6,077.00)	(5,907.00)	(5,785.00)	(5,834.00)	(4,913.00)	(4,819.00)
EV/EBIT Full definition →	18.96	19.27	21.28	19.86	24.14	24.35	18.80	13.48	17.82	15.99
Capex to Sales Full definition →	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Price to Operating Income Full definition →	17.03	17.65	19.52	18.00	22.37	22.42	17.10	11.84	16.32	14.23
Other line items
Depreciation/Fixed assets Full definition →	0.18	0.20	0.20	0.22	0.23	0.24	0.25	0.26	0.26	0.28
Cash ROIC Full definition →	20.83%	23.55%	25.36%	16.88%	17.67%	18.61%	21.10%	20.37%	13.23%	14.05%
Accounts Receivable Turnover Full definition →	5.16	5.20	5.12	5.30	5.41	5.06	5.55	5.63	5.74	5.96
Accounts Payable Turnover Full definition →	17.23	16.11	15.86	15.99	15.17	14.66	16.44	15.45	15.09	16.48
Inventory Turnover Full definition →	5.50	5.35	4.95	5.03	5.89	6.27	6.60	6.78	7.24	7.32
Average Days of Payables Full definition →	21.24	21.39	22.76	22.99	25.15	26.43	21.04	22.23	25.93	23.59
Days of Inventory on Hand Full definition →	67.51	66.14	66.88	79.51	72.84	58.85	51.89	55.91	53.61	49.66
Average Receivables Full definition →	3,109.00	3,057.00	3,147.00	3,005.50	2,673.00	2,483.50	2,541.50	2,625.00	2,492.50	2,280.00
Average Payables Full definition →	520.50	550.00	587.50	589.50	559.50	503.00	498.00	557.00	550.50	480.00
Average Inventory Full definition →	1,632.00	1,656.00	1,880.50	1,874.00	1,441.50	1,176.50	1,241.00	1,269.00	1,148.00	1,081.00
Average Assets Full definition →	15,607.50	15,292.50	15,470.00	15,749.50	15,844.50	15,340.00	14,969.00	15,825.00	15,990.50	15,465.00
Average Common Equity Full definition →	3,271.50	3,165.00	3,051.00	3,357.50	3,404.00	3,106.00	3,144.00	3,923.50	4,424.00	4,743.50

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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