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Profile & Fundamentals

Illinois Tool Works Profile & Fundamentals

Name: Illinois Tool Works financial chart data preview
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Company and Market Context

Company Profile & Ownership

Illinois Tool Works Inc. provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, cooking, refrigeration, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produce and sells test and measurement; and electronic manufacturing and maintenance, repair, and operations solutions. The Welding segment produces arc welding equipment, and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company serves automotive OEM and aftermarket, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, and other markets, as well as MRO markets. It distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

Company profile record

Illinois Tool Works Inc

Common Stock · Industrials · Industrial Machinery & Supplies & Components

Official website

Company

Company / asset: Illinois Tool Works Inc
Security type: Common Stock
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components
HQ: 🇺🇸 United States
Head office: 155 Harlem Avenue, Glenview, IL, United States, 60025

Leadership & scale

Chief executive: Mr. Christopher A. O'Herlihy
CEO year born: 1964
Full-time employees: 43K
Fiscal year end: December
IPO date: 1987-11-05

Fundamentals snapshot

Updated 2026-08-26

Market Cap: USD 77.3B
P/E: 24.2x
Revenue (Q2 26): USD 4.3B
Profit (Q2 26): USD 815.0M
Dividend Yield: 1.7%
Revenue (FY 25): USD 16.0B
Shares in public float: 257.7M
Insider ownership: 0.37%

Reporting & identifiers

Symbol: ITW.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US4523081093
Asset ID: equity_6f6d0be0-524d-52a8-bb11-f60b25a783a8

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Briar Hall Management LLC25,835,543 shares · 9.07% · Reported 2026-03-31
BlackRock Inc23,373,694 shares · 8.21% · Reported 2026-03-31
State Farm Mutual Automobile Ins Co21,029,900 shares · 7.38% · Reported 2026-06-30
Vanguard Capital Management, LLC17,427,220 shares · 6.12% · Reported 2026-03-31
State Street Corp12,660,481 shares · 4.45% · Reported 2026-03-31
Northern Trust Corp11,201,579 shares · 3.93% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest8,700,329 shares · 3.05% · Reported 2026-07-31

View more holders (8)

Geode Capital Management, LLC7,059,288 shares · 2.48% · Reported 2026-03-31
Vanguard 500 Index Investor6,873,214 shares · 2.41% · Reported 2026-07-31
Vanguard Portfolio Management, LLC6,795,722 shares · 2.39% · Reported 2026-03-31
Morgan Stanley - Brokerage Accounts5,404,241 shares · 1.90% · Reported 2026-03-31
Capital Research Global Investors4,879,245 shares · 1.71% · Reported 2026-06-30
Wells Fargo & Co4,633,852 shares · 1.63% · Reported 2026-03-31
Fisher Asset Management, LLC3,829,798 shares · 1.34% · Reported 2026-06-30
The Goldman Sachs Group Inc3,638,083 shares · 1.28% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's financial reports show a business that is incredibly good at making money but struggling to grow its actual sales. While total revenue has remained flat, sitting around sixteen billion dollars for nearly a decade, the company has successfully boosted its earnings per share. It does this by using its massive cash flows to buy back and retire its own stock, which makes the remaining shares more valuable. Most assessments agree that the company's earnings are of exceptionally high quality because they convert directly into real cash. However, there is a clear disagreement about the future. Cautious views warn that this financial engineering cannot last forever without real sales growth, especially as high interest rates begin to eat into profits, while optimistic views believe the company's pricing power will continue to protect its bottom line.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins are its greatest strength, with operating margins sitting at an exceptional twenty-six percent. This level of profitability is far higher than the industry average, driven by the company's relentless focus on dropping low-profit products and focusing only on its most lucrative items. Experts agree that this strategy gives the company incredible pricing power, allowing it to pass rising raw material costs directly to its customers. However, there is a sharp clash over the future outlook. Cautious views argue that these margins have reached a physical ceiling and are highly vulnerable to shrinking if global demand slows down or if energy costs spike. Meanwhile, optimistic views believe that the company can continue to squeeze out extra efficiencies, potentially pushing margins even higher through localized pricing and automation.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-08-27.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	13,599,000,000	2,029,000,000	2,035,000,000	40.29	22.53	14.96	14.92
2017-12-31	14,314,000,000	2,105,000,000	1,687,000,000	40.51	24.41	11.79	14.71
2018-12-31	14,768,000,000	2,447,000,000	2,563,000,000	40.46	24.27	17.36	16.57
2019-12-31	14,109,000,000	2,669,000,000	2,521,000,000	40.85	24.11	17.87	18.92
2020-12-31	12,574,000,000	2,571,000,000	2,109,000,000	41.35	22.92	16.77	20.45
2021-12-31	14,455,000,000	2,261,000,000	2,694,000,000	41.27	24.05	18.64	15.64
2022-12-31	15,932,000,000	1,936,000,000	3,034,000,000	40.82	23.79	19.04	12.15
2023-12-31	16,107,000,000	3,084,000,000	2,957,000,000	42.16	25.08	18.36	19.15
2024-12-31	15,898,000,000	2,844,000,000	3,488,000,000	43.65	26.82	21.94	17.89
2025-12-31	16,044,000,000	2,707,000,000	3,066,000,000	44.1	26.28	19.11	16.87

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	23.31	Trailing four quarters
2024-12-31	21.5	Trailing four quarters
2023-12-31	26.67	Trailing four quarters
2022-12-31	22.36	Annual net income
2021-12-31	28.86	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	342,100,000
2018-01-01	331,600,000
2019-01-01	322,900,000
2020-01-01	318,100,000
2021-01-01	315,000,000
2022-01-01	307,900,000
2023-01-01	301,100,000
2024-01-01	295,800,000
2025-01-01	290,200,000
2026-01-01	287,000,000

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
- Capital allocation AI review
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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
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- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
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- Combined shareholder returns
- Available corporate actions
Company Events
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