Illinois Tool Works (ITW) Change in Taxes (2009 - 2026)
Illinois Tool Works' Change in Taxes came in at -$106 million for Q2 2026, compared with -$266 million a year earlier.
Powered by 
Analysis
Illinois Tool Works (ITW) Change in Taxes (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Illinois Tool Works reported Change in Taxes of -$53 million; for FY2025, it was -$135 million.
- Going back by year, Change in Taxes was -$70 million in FY2024, -$72 million in FY2023, -$35 million in FY2022 and $49 million in FY2021 (+44.1%).
- The five-year range for quarterly Change in Taxes is -$266 million (Q2 2025) to $134 million (Q1 2022).
- Year-over-year, Change in Taxes increased in 1 of the last four quarters, with an average decline of 27.2%.
- The fastest year-over-year change in Change in Taxes over five years came in Q4 2021 (growth of 97.5%), and the weakest in Q4 2024 (a decline of 64.7%).
- Business Quant data shows ITW's Change in Taxes at -$6 million (Q1 2026), $21 million (Q4 2025) and $38 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | - |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | - |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | -114.00 Mn |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | - |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | -13.50 Mn |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | - |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | -106.00 Mn |
| 10 | Cummins | 72.76 Bn | 69.90 Bn | 2.47 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -106.00 Mn |
| Mar 31, 2026 | -6.00 Mn |
| Dec 31, 2025 | 21.00 Mn |
| Sep 30, 2025 | 38.00 Mn |
| Jun 30, 2025 | -266.00 Mn |
| Mar 31, 2025 | 72.00 Mn |
| Dec 31, 2024 | 24.00 Mn |
| Sep 30, 2024 | 90.00 Mn |
| Jun 30, 2024 | -241.00 Mn |
| Mar 31, 2024 | 57.00 Mn |
| Dec 31, 2023 | 68.00 Mn |
| Sep 30, 2023 | -9.00 Mn |
| Jun 30, 2023 | -208.00 Mn |
| Mar 31, 2023 | 77.00 Mn |
| Dec 31, 2022 | 67.00 Mn |
| Sep 30, 2022 | -21.00 Mn |
| Jun 30, 2022 | -215.00 Mn |
| Mar 31, 2022 | 134.00 Mn |
| Dec 31, 2021 | 79.00 Mn |
| Sep 30, 2021 | -43.00 Mn |
API Access
Illinois Tool Works Change in Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-taxes&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-taxes", "ticker": "ITW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-taxes&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();