Illinois Tool Works (ITW) Current Taxes (2009 - 2026)
Illinois Tool Works (ITW) reported Current Taxes of $123 million for Q2 2026, up 28.1% from $96 million a year earlier but down 31.7% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Current Taxes (2009 - 2026) Analysis & Trends
At the end of FY2025, Illinois Tool Works posted Current Taxes of $217 million, unchanged from FY2024.
- Current Taxes has a five-year compound annual growth rate of 29.3% (FY2020 to FY2025).
- By year, Current Taxes came in at $217 million in FY2024 (+16.0%), $187 million in FY2023 (+27.2%), $147 million in FY2022 (+90.9%) and $77 million in FY2021 (+28.3%).
- Five-year quarterly Current Taxes spans a low of $70 million in Q3 2021 and a high of $289 million in Q1 2025.
- Year over year, Current Taxes gained in five of the last eight quarters, with growth averaging 4.3%.
- The high point for year-over-year Current Taxes in five years was Q4 2022 (growth of 90.9%); the low point was Q1 2026 (a decline of 37.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $180 million (Q1 2026), $217 million (Q4 2025) and $223 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | - |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 351.00 Mn |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 1.01 Bn |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | - |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 74.80 Mn |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | - |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 123.00 Mn |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 123.00 Mn |
| Mar 31, 2026 | 180.00 Mn |
| Dec 31, 2025 | 217.00 Mn |
| Sep 30, 2025 | 223.00 Mn |
| Jun 30, 2025 | 96.00 Mn |
| Mar 31, 2025 | 289.00 Mn |
| Dec 31, 2024 | 217.00 Mn |
| Sep 30, 2024 | 205.00 Mn |
| Jun 30, 2024 | 153.00 Mn |
| Mar 31, 2024 | 251.00 Mn |
| Dec 31, 2023 | 187.00 Mn |
| Sep 30, 2023 | 145.00 Mn |
| Jun 30, 2023 | 154.00 Mn |
| Mar 31, 2023 | 224.00 Mn |
| Dec 31, 2022 | 147.00 Mn |
| Sep 30, 2022 | 97.00 Mn |
| Jun 30, 2022 | 120.00 Mn |
| Mar 31, 2022 | 200.00 Mn |
| Dec 31, 2021 | 77.00 Mn |
| Sep 30, 2021 | 70.00 Mn |
API Access
Illinois Tool Works Current 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=current-taxes&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-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=current-taxes&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();