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Saturday 17 October 2026 Export ITW’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 6.12%, EPS grew 10.5%, free cash flow grew 39.7% and total debt rose 8.47%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

272.38 1.19 +0.44%
Market cap
$77.2B
P/E
24.6×
Fwd P/E
22.3×
Dividend yield
2.40%
F-score
4/9
Altman Z
7.88
Beneish M
−2.43
Dividend safety
76/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Illinois Tool Works Inc. (ITW) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Illinois Tool Works Inc. (ITW) trades at a P/B ratio of 26.9×. Over the past ten years it has ranged from 5.4× (January 2015) to 29.4× (August 2026); the current reading is higher than 99% of that period. That is above the Specialty Industrial Machinery industry median of 3.0× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 22.3× (1.91%)
FY2024 22.7× (13.31%)
FY2023 26.2× 18.52%
FY2022 22.1× 2.96%
FY2021 21.4× 5.63%
FY2020 20.3× 5.74%
FY2019 19.2× 47.40%
FY2018 13.0× 5.12%
FY2017 12.4× 21.35%
FY2016 10.2× 56.58%

Quarterly newest first

Period P/B ratio Change
Jun 2026 26.8× 15.17%
Mar 2026 23.2× 4.39%
Dec 2025 22.3× (5.82%)
Sep 2025 23.6× 4.99%
42 more quarters

Against its own ten years

Low 5.4× High 29.4×
Ten-year median 19.5×
Current reading's percentile 98

P/B ratio against peers

Company P/B ratio
OTIS Otis Worldwide Corporation compare n/m
IR Ingersoll Rand Inc. compare 3.0×
EMR Emerson Electric Co. compare 4.4×
AME AMETEK, Inc. compare 5.0×
CMI Cummins Inc. compare 5.3×
ETN Eaton Corporation, PLC compare 7.5×
PH Parker-Hannifin Corporation compare 7.9×
ROK Rockwell Automation, Inc. compare 13.5×
ITW Illinois Tool Works Inc. 26.9×
Specialty Industrial Machinery industry median 3.0×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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