ITW vs SHW vs MTD Stock Comparison

Illinois Tool Works, Sherwin Williams and Mettler Toledo International Prices as of Oct 23, 2026 Peers: Industry group
ITW Illinois Tool Works Inc
$275.75 +0.8% 1M +7.1% 1Y
Market cap
$79.10B
P/E
24.8x
Revenue (TTM)
$16.47B
Div. yield
0.02%
Industrial Machinery Industrials
4 wins
SHW Sherwin Williams Co
$337.10 +3.3% 1M +1.6% 1Y
Market cap
$81.88B
P/E
30.5x
Revenue (TTM)
$24.41B
Div. yield
–
Paints and Coatings Basic Materials
2 wins

Head to Head

11 decided of 12

Mettler Toledo International leads on 5 of the 12 questions below (Mettler Toledo International 5, Illinois Tool Works 4, Sherwin Williams 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionITWSHWMTDLeader
Larger companyMarket capitalisation $79.10B $81.88B $33.57B SHW
Cheaper on earningsLower P/E, profitable companies only 24.8x 30.5x 37.1x ITW
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.8x 26.5x 33.2x ITW
Faster revenue growthRevenue growth, trailing twelve months +4.3% +5.8% +6.9% MTD
More profitableNet margin, trailing twelve months 19.4% 11.0% 21.9% MTD
Better return on capitalReturn on invested capital 27.1% 19.2% 47.1% MTD
Less leveragedLower net debt / EBITDA 1.9x 2.5x 1.5x MTD
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +7.1% +1.6% +16.1% MTD
Better 5-year returnAnnualised price return, 5 years +4.2%/yr +1.9%/yr +2.6%/yr ITW
Less volatileAnnualised volatility, 1 year 21.8% 27.9% 33.0% ITW
Higher overall scoreMean of the five percentile scores vs peers 48/100 55/100 51/100 SHW

Percentile Scorecard

ITWSHWMTD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisITWSHWMTD
Valuation 24 #154 of 203 26 #70 of 94 11 #180 of 203
Growth 33 #127 of 188 73 #26 of 92 38 #117 of 188
Profitability 100 #2 of 187 98 #3 of 89 100 #1 of 187
Financial Health 23 #172 of 222 23 #75 of 97 24 #168 of 222
Shareholder Returns 60 #62 of 153 57 #31 of 70 80 #31 of 153
Overall 48 55 51
  • ITW ranked among 222 companies in Machinery
  • SHW ranked among 99 companies in Chemicals
  • MTD ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodITWSHWMTDSPY
1 month +0.8%+3.3%+11.7% -1.0%
3 months -2.6%+6.2%+25.6% +2.9%
6 months +2.4%-0.2%+30.1% +6.4%
Year to date +12.0%+4.0%+19.7% +11.4%
1 year +7.1%+1.6%+16.1% +13.1%
3 years +23.6%+43.5%+68.2% +79.4%
3 years, per year +7.3%+12.8%+18.9% +21.5%
5 years +22.8%+9.9%+13.5% +67.7%
5 years, per year +4.2%+1.9%+2.6% +10.9%
10 years +143.9%+264.9%+309.7% +255.2%
10 years, per year +9.3%+13.8%+15.1% +13.5%

Risk

MeasureITWSHWMTDSPY
Volatility, 1Y 21.8%27.9%33.0% 12.7%
Downside volatility, 1Y 21.8%25.5%33.6% 12.7%
Beta vs S&P 500, 1Y 0.450.850.80 1.00
Return / volatility, 1Y 0.330.060.49 1.03
Max drawdown, 5Y -28.9%-42.9%-43.5% -25.4%
From 52-week high -8.0%-9.5%-1.0% -2.5%
52-week high $299.60$372.60$1,685.52 $779.14
52-week low $241.07$293.00$1,025.53 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleITWSHWMTD
P/E now vs peer median 24.7xmedian 25.9x 30.6xmedian 21.5x 37.1xmedian 25.9x
P/S now vs peer median 4.8xmedian 1.9x 3.4xmedian 1.4x 8.8xmedian 1.9x
EV/EBITDA now vs peer median 18.3xmedian 13.7x 19.8xmedian 12.4x 28.1xmedian 13.7x
P/FCF now vs peer median 26.9xmedian 21.1x 25.5xmedian 15.5x 41.9xmedian 21.1x
P/B now vs peer median 27.1xmedian 2.3x 21.2xmedian 1.6x 2,822xmedian 2.3x
PEG now vs peer median 8.36median 1.19 4.71median 1.70 5.36median 1.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsITWSHWMTD
Revenue $16.47B $24.41B $4.13B
Gross profit $7.27B $11.96B $2.49B
Operating income $4.36B $3.99B $1.23B
Net income $3.19B $2.69B $905.61M
Free cash flow $2.92B $3.21B $863.97M
R&D – – $208.01M
EPS (diluted) $11.13 $10.93 $44.91
Cash & equivalents $839.00M $293.50M $51.40M
Total debt $9.69B $12.07B $2.11B
Shares (diluted) 287.00M 246.00M 20.17M
Enterprise value $75.66B $80.92B $33.32B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricITWSHWMTD
P/E 24.7x 30.6x 37.1x
P/FCF 26.9x 25.5x 41.9x
P/Operating cash flow 23.6x 21.1x 37.1x
P/S 4.8x 3.4x 8.8x
P/B 27.1x 21.2x 2,822x
P/Tangible book 33.6x 1,605x -142.8x
EV/EBITDA 18.3x 19.8x 28.1x
EV/EBIT 20.0x 23.4x 31.1x
EV/Revenue 5.3x 3.8x 9.3x
EV/FCF 29.9x 29.1x 44.3x
EV/Operating cash flow 26.2x 24.1x 39.2x
PEG (3Y EPS CAGR) 8.36 4.71 5.36

Growth

14 metrics
MetricITWSHWMTD
Revenue growth (1Y) 4.3% 5.8% 6.9%
Revenue CAGR (3Y) 0.8% 2.1% 1.5%
Gross profit growth (1Y) 5.3% 6.0% 7.5%
Gross profit CAGR (3Y) 2.7% 5.7% 2.0%
Operating income growth (1Y) 6.4% 8.1% 6.3%
Operating income CAGR (3Y) 3.4% 5.4% 0.2%
Net income growth (1Y) -5.1% 5.6% 9.1%
Net income CAGR (3Y) 1.0% 4.7% 3.7%
EPS growth (1Y) -3.1% 7.9% 12.2%
EPS CAGR (3Y) 3.0% 6.5% 6.9%
Operating cash flow growth (1Y) 5.8% 27.0% 2.5%
Operating cash flow CAGR (3Y) 3.1% 14.7% 0.2%
Free cash flow growth (1Y) 7.2% 49.1% 1.9%
Free cash flow CAGR (3Y) 4.1% 22.4% 0.2%

Profitability

14 metrics
MetricITWSHWMTD
Gross margin 44.2% 49.0% 60.3%
EBITDA margin 28.9% 19.3% 32.9%
Operating margin 26.5% 16.4% 29.7%
Pretax margin 25.0% 14.3% 26.5%
Net margin 19.4% 11.0% 21.9%
FCF margin 17.7% 13.2% 20.9%
Operating cash flow margin 20.2% 15.9% 23.6%
Return on equity 104.3% 64.9% –
Return on assets 19.5% 10.1% 24.7%
Return on invested capital 27.1% 19.2% 47.1%
Return on capital employed 41.9% 23.4% 49.8%
Asset turnover 1.0x 0.9x 1.1x
Cash conversion (OCF / net income) 1.0x 1.4x 1.1x
Stock comp / revenue 0.4% 0.5% 0.6%

Financial Health

11 metrics
MetricITWSHWMTD
Debt / assets 58.8% 44.8% 57.5%
Debt / equity 3.3x 3.1x 164.7x
Net debt / EBITDA 1.9x 2.5x 1.5x
Debt / FCF 3.3x 3.8x 2.4x
Liabilities / assets 82.4% 85.7% 99.7%
Equity / assets 17.6% 14.3% 0.3%
Interest coverage 14.5x 7.7x 17.7x
Current ratio 1.1x 0.7x 1.1x
Quick ratio 0.7x 0.4x 0.7x
Cash ratio 0.1x 0.0x 0.0x
Altman Z-score 8.00 3.51 11.89

Shareholder Returns

7 metrics
MetricITWSHWMTD
Dividend yield 2.4% 0.9% –
Net buyback yield 2.3% 3.0% 2.1%
Shareholder yield 4.7% 4.0% 2.1%
Payout ratio (earnings) 57.4% – –
Payout ratio (FCF) 62.8% – –
Dividend growth (1Y) 5.5% – –
Dividend CAGR (3Y) 5.1% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusITWSHWMTD
Forward P/E 25.8xFY2026 26.5xFY2026 33.2xFY2026
EPS, next fiscal year $10.67FY2026 $12.70FY2026 $50.31FY2026
EPS growth, next FY +1.7%FY2026 +11.1%FY2026 +17.7%FY2026
EPS growth, the year after +19.3% -0.2% +5.0%
Revenue, next fiscal year $16.46BFY2026 $23.56BFY2026 $4.52BFY2026
Revenue growth, next FY +2.6%FY2026 -0.1%FY2026 +12.2%FY2026
Revenue growth, the year after +11.4% +4.0% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersITWSHWMTD
Held by institutions 84.9% 82.7% 94.4%
Institutions holding 1,969 1,740 804
Change in shares held, QoQ +0.8% +3.3% +3.1%
Institutions buying 846 746 331
Institutions selling 750 718 324
Buyers to sellers 1.13 1.04 1.02

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ITWSHWMTD
ITW 1.00 0.62 0.35
SHW 0.62 1.00 0.39
MTD 0.35 0.39 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ITW, SHW and MTD?

Sherwin Williams (SHW) is the largest by market capitalisation: Illinois Tool Works (ITW) $79.10B, Sherwin Williams (SHW) $81.88B, Mettler Toledo International (MTD) $33.57B.

Which stock is cheaper, ITW, SHW and MTD?

Illinois Tool Works (ITW) trades on the lowest price-to-earnings ratio (Illinois Tool Works (ITW) 24.8x, Sherwin Williams (SHW) 30.5x, Mettler Toledo International (MTD) 37.1x). On next year's consensus earnings, Illinois Tool Works (ITW) is cheapest (Illinois Tool Works (ITW) 25.8x, Sherwin Williams (SHW) 26.5x, Mettler Toledo International (MTD) 33.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Mettler Toledo International (MTD) grew revenue fastest over the trailing twelve months: Illinois Tool Works (ITW) +4.3%, Sherwin Williams (SHW) +5.8%, Mettler Toledo International (MTD) +6.9%.

Which company is more profitable?

Mettler Toledo International (MTD) has the highest net margin (Illinois Tool Works (ITW) 19.4%, Sherwin Williams (SHW) 11.0%, Mettler Toledo International (MTD) 21.9%). On return on invested capital, Mettler Toledo International (MTD) leads (Illinois Tool Works (ITW) 27.1%, Sherwin Williams (SHW) 19.2%, Mettler Toledo International (MTD) 47.1%).

Which stock has performed better?

Over the past year Mettler Toledo International (MTD) returned the most: Illinois Tool Works (ITW) +7.1%, Sherwin Williams (SHW) +1.6%, Mettler Toledo International (MTD) +16.1%. Over five years, Illinois Tool Works (ITW) compounded fastest (Illinois Tool Works (ITW) +4.2%/yr, Sherwin Williams (SHW) +1.9%/yr, Mettler Toledo International (MTD) +2.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Illinois Tool Works (ITW) 0.02%, Sherwin Williams (SHW) 0.00%, Mettler Toledo International (MTD) 0.00%. Sherwin Williams (SHW) and Mettler Toledo International (MTD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Illinois Tool Works (ITW) 21.8%, Sherwin Williams (SHW) 27.9%, Mettler Toledo International (MTD) 33.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ITW, SHW and MTD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mettler Toledo International (MTD) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.