Illinois Tool Works (ITW) Change in Taxes (2009 - 2026)
Illinois Tool Works (ITW) posted quarterly Change in Taxes of -$6.0 million for Q1 2026, down 108.33% year-over-year from $72.0 million in Q1 2025, and down 128.57% quarter-over-quarter from $21.0 million in Q4 2025.
Illinois Tool Works (ITW) Change in Taxes (2009 - 2026) Analysis & Trends
Illinois Tool Works' Change in Taxes history runs 18 years deep, the most recent figure standing at -$6.0 million for Q1 2026.
- In Q1 2026, Change in Taxes fell 108.33% year-over-year to -$6.0 million; the TTM figure through Mar 2026 stood at -$213.0 million (down 287.27% YoY), while the FY2025 annual figure was -$135.0 million, down 92.86% from the prior year.
- Change in Taxes for Q1 2026 stood at -$6.0 million, down from $21.0 million in the prior quarter.
- The five-year high for Change in Taxes was $134.0 million in Q1 2022, with the low at -$266.0 million in Q2 2025.
- The 5-year median for Change in Taxes is $24.0 million (2024), against an average of -$18.7 million.
- The sharpest annual moves came in 2022 and 2024: Change in Taxes slumped 186.67% in 2022, then surged 1100.0% in 2024.
- Illinois Tool Works' Change in Taxes stood at $67.0 million in 2022, then grew by 1.49% to $68.0 million in 2023, then plunged by 64.71% to $24.0 million in 2024, then retreated by 12.5% to $21.0 million in 2025, then slumped by 128.57% to -$6.0 million in 2026.
- Business Quant data shows ITW's Change in Taxes at -$6.0 million in Q1 2026, $21.0 million in Q4 2025, and $38.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | - |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | - |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | - |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | - |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | - |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | -106.00 Mn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | - |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | -10.00 Mn |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | - |
| 10 | Otis Worldwide | 27.38 Bn | 26.57 Bn | 1.14 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -106.00 Mn |
| Jun 30, 2026 | -106.00 Mn |
| Mar 31, 2026 | -6.00 Mn |
| Mar 31, 2026 | -6.00 Mn |
| Dec 31, 2025 | 21.00 Mn |
| Dec 31, 2025 | 21.00 Mn |
| Sep 30, 2025 | 38.00 Mn |
| Sep 30, 2025 | 38.00 Mn |
| Jun 30, 2025 | -266.00 Mn |
| Jun 30, 2025 | -266.00 Mn |
| Mar 31, 2025 | 72.00 Mn |
| Mar 31, 2025 | 72.00 Mn |
| Dec 31, 2024 | 24.00 Mn |
| Dec 31, 2024 | 24.00 Mn |
| Sep 30, 2024 | 90.00 Mn |
| Sep 30, 2024 | 90.00 Mn |
| Jun 30, 2024 | -241.00 Mn |
| Jun 30, 2024 | -241.00 Mn |
| Mar 31, 2024 | 57.00 Mn |
| Mar 31, 2024 | 57.00 Mn |