Illinois Tool Works (ITW) Deferred Taxes (2009 - 2026)
Illinois Tool Works (ITW) reported Deferred Taxes of -$6 million for Q2 2026, compared with $13 million a year earlier.
Powered by 
Analysis
Illinois Tool Works (ITW) Deferred Taxes (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Illinois Tool Works' Deferred Taxes came in at -$20 million; for FY2025, it came in at $17 million, down 90.3% from FY2024.
- Deferred Taxes has a five-year compound annual growth rate of -10.7% (FY2020 to FY2025).
- By year, Deferred Taxes came in at $176 million in FY2024 (+100.0%), $88 million in FY2023 (-41.3%), $150 million in FY2022 (+1.4%) and $148 million in FY2021 (+393.3%).
- Five-year quarterly Deferred Taxes spans a low of -$44 million in Q1 2024 and a high of $212 million in Q3 2024.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$1 million (Q1 2026), -$22 million (Q4 2025) and $9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 110.00 Mn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 114.30 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 7.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | -98.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 3.00 Mn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 2.10 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 45.00 Mn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | -6.00 Mn |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 27.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.00 Mn |
| Mar 31, 2026 | -1.00 Mn |
| Dec 31, 2025 | -22.00 Mn |
| Sep 30, 2025 | 9.00 Mn |
| Jun 30, 2025 | 13.00 Mn |
| Mar 31, 2025 | 17.00 Mn |
| Dec 31, 2024 | 10.00 Mn |
| Sep 30, 2024 | 212.00 Mn |
| Jun 30, 2024 | -2.00 Mn |
| Mar 31, 2024 | -44.00 Mn |
| Dec 31, 2023 | 93.00 Mn |
| Sep 30, 2023 | -10.00 Mn |
| Jun 30, 2023 | 8.00 Mn |
| Mar 31, 2023 | -3.00 Mn |
| Dec 31, 2022 | 78.00 Mn |
| Sep 30, 2022 | 12.00 Mn |
| Jun 30, 2022 | 23.00 Mn |
| Mar 31, 2022 | 37.00 Mn |
| Dec 31, 2021 | 69.00 Mn |
| Sep 30, 2021 | -8.00 Mn |
API Access
Illinois Tool Works Deferred 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=deferred-taxes&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-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=deferred-taxes&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();