Illinois Tool Works (ITW) Debt Ratio (2009 - 2026)
Illinois Tool Works' Debt Ratio was 0.59 in Q2 2026, up 5.5% from 0.56 a year earlier and up 4.5% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Illinois Tool Works came in at 0.56, up 6.4% from FY2024.
- In earlier years, Debt Ratio was 0.52 in FY2024 (-0.8%), 0.53 in FY2023 (+4.5%), 0.50 in FY2022 (+5.3%) and 0.48 in FY2021 (-8.1%).
- The Q2 2026 figure marks the highest quarterly Debt Ratio in data going back to Q2 2009.
- Compared with a year earlier, Debt Ratio has increased for five straight quarters, with growth averaging 2.7% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q1 2023 (growth of 9.1%); the worst was Q3 2021 (a decline of 8.5%).
- Per Business Quant data, ITW's Debt Ratio in the three quarters before Q2 2026 was 0.56 (Q1 2026), 0.56 (Q4 2025) and 0.55 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 0.42 |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 0.38 |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 0.54 |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 0.35 |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 0.42 |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 0.38 |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 0.29 |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 0.57 |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 0.16 |
| 10 | Tenaris | 64.57 Bn | 36.09 Bn | 1.07 Bn | 0.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.57 |
| Jun 30, 2026 | 0.59 |
| Mar 31, 2026 | 0.56 |
| Dec 31, 2025 | 0.56 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.56 |
| Mar 31, 2025 | 0.53 |
| Dec 31, 2024 | 0.52 |
| Sep 30, 2024 | 0.53 |
| Jun 30, 2024 | 0.54 |
| Mar 31, 2024 | 0.55 |
| Dec 31, 2023 | 0.53 |
| Sep 30, 2023 | 0.52 |
| Jun 30, 2023 | 0.53 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.50 |
| Sep 30, 2022 | 0.50 |
| Jun 30, 2022 | 0.49 |
| Mar 31, 2022 | 0.48 |
| Dec 31, 2021 | 0.48 |
API Access
Illinois Tool Works Debt Ratio 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=debt-ratio&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();