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

Illinois Tool Works Inc. (ITW) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Illinois Tool Works Inc. (ITW) trades at a price to free cash flow of 26.6×. Over the past ten years it has ranged from 14.2× (March 2020) to 39.8× (February 2023); the current reading is higher than 64% of that period. That is above the Specialty Industrial Machinery industry median of 23.3× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 26.4× 0.25%
FY2024 26.4× 3.72%
FY2023 25.4× (27.34%)
FY2022 35.0× 2.01%
FY2021 34.3× 36.91%
FY2020 25.0× 15.91%
FY2019 21.6× 25.84%
FY2018 17.2× (36.05%)
FY2017 26.8× 26.18%
FY2016 21.3× 27.56%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 26.4× (3.12%)
Mar 2026 27.3× 3.34%
Dec 2025 26.4× (0.58%)
Sep 2025 26.6× 0.66%
42 more quarters

Against its own ten years

Low 14.2× High 39.8×
Ten-year median 25.4×
Current reading's percentile 64

Price to free cash flow against peers

Company Price to free cash flow
OTIS Otis Worldwide Corporation compare 15.7×
CMI Cummins Inc. compare 21.8×
IR Ingersoll Rand Inc. compare 24.8×
EMR Emerson Electric Co. compare 26.1×
ITW Illinois Tool Works Inc. 26.6×
PH Parker-Hannifin Corporation compare 30.8×
AME AMETEK, Inc. compare 31.2×
ROK Rockwell Automation, Inc. compare 31.5×
ETN Eaton Corporation, PLC compare 38.0×
Specialty Industrial Machinery industry median 23.3×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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