Illinois Tool Works (ITW) Current Taxes (2009 - 2026)
Illinois Tool Works' (ITW) quarterly Current Taxes came in at $180.0 million in Q1 2026, down 37.72% year-on-year from $289.0 million in Q1 2025, and down 17.05% quarter-over-quarter from $217.0 million in Q4 2025.
Illinois Tool Works (ITW) Current Taxes (2009 - 2026) Analysis & Trends
Illinois Tool Works' Current Taxes history runs 18 years deep, the most recent figure standing at $180.0 million for Q1 2026.
- On a quarterly basis, Current Taxes fell 37.72% year-over-year to $180.0 million in Q1 2026; TTM through Mar 2026 was $180.0 million, a 37.72% decrease from a year earlier, with the FY2025 full-year figure at $217.0 million, changed 0.0% from the prior year.
- Current Taxes fell to $180.0 million in Q1 2026 per ITW's latest filing, from $217.0 million in the prior quarter.
- Across five years, Current Taxes topped out at $289.0 million in Q1 2025 and bottomed at $96.0 million in Q2 2025.
- The 5-year median for Current Taxes is $187.0 million (2023), against an average of $182.6 million.
- Across the five-year window, Current Taxes jumped 90.91% in 2022 and tumbled 37.72% in 2026, its largest moves.
- Year by year, Current Taxes stood at $147.0 million in 2022, then increased by 27.21% to $187.0 million in 2023, then increased by 16.04% to $217.0 million in 2024, then changed by 0.0% to $217.0 million in 2025, then retreated by 17.05% to $180.0 million in 2026.
- Per Business Quant, the three latest ITW Current Taxes figures stand at $180.0 million (Q1 2026), $217.0 million (Q4 2025), and $223.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | - |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | - |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 233.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | - |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 180.00 Mn |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 91.17 Mn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | - |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | - |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 77.00 Mn |