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

285.33 8.12 −2.77%
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

Illinois Tool Works Inc. (ITW) Net margin

Alert me on Net margin

Illinois Tool Works Inc.'s net margin over the twelve months to 30 September 2026 was 19.4%, up 0.3 percentage points from fiscal 2025 (19.1%). Over the past ten years it has ranged from 11.8% (fiscal 2017) to 21.9% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Specialty Industrial Machinery industry median of 7.24% and above the Industrials sector median of 2.52%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 19.1% (2.83)
FY2024 21.9% 3.58
FY2023 18.4% (0.68)
FY2022 19.0% 0.40
FY2021 18.6% 1.87
FY2020 16.8% (1.10)
FY2019 17.9% 0.51
FY2018 17.4% 5.57
FY2017 11.8% (3.17)
FY2016 15.0% 0.79

Quarterly newest first

Period Net margin Change (points)
Sep 2026 20.2% 1.23
Jun 2026 19.0% (0.17)
Mar 2026 19.1% (0.18)
Dec 2025 19.3% (0.93)
43 more quarters

Against its own ten years

Low 11.8% High 21.9%
Ten-year median 17.9%
Current reading's percentile 88

Net margin against peers

Company Net margin
GEV GE Vernova Inc. compare 23.5%
AME AMETEK, Inc. compare 19.9%
ITW Illinois Tool Works Inc. 19.4%
IR Ingersoll Rand Inc. compare 17.2%
PH Parker-Hannifin Corporation compare 16.6%
EMR Emerson Electric Co. compare 14.1%
ROK Rockwell Automation, Inc. compare 13.4%
ETN Eaton Corporation, PLC compare 12.2%
CMI Cummins Inc. compare 9.26%
Specialty Industrial Machinery industry median 7.24%
Industrials sector median 2.52%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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