Illinois Tool Works (ITW) Dividend Coverage Ratio (2009 - 2026)
Illinois Tool Works' Dividend Coverage Ratio came in at 1.76 for Q2 2026, up 2.4% from 1.72 a year earlier and up 6.6% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Dividend Coverage Ratio (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Illinois Tool Works reported Dividend Coverage Ratio of 1.74, down 10.0% year-over-year; for FY2025, it came in at 1.72, down 16.5% from FY2024.
- Going back by year, Dividend Coverage Ratio was 2.06 in FY2024 (+12.4%), 1.83 in FY2023 (-6.9%), 1.97 in FY2022 (+6.9%) and 1.84 in FY2021 (+20.4%).
- The five-year range for quarterly Dividend Coverage Ratio is 1.59 (Q1 2025) to 2.80 (Q3 2024).
- Year-over-year, Dividend Coverage Ratio increased in three of the last eight quarters, with an average decline of 1.0%.
- The fastest year-over-year change in Dividend Coverage Ratio over five years came in Q3 2024 (growth of 43.4%), and the weakest in Q3 2025 (a decline of 32.9%).
- Business Quant data shows ITW's Dividend Coverage Ratio at 1.65 (Q1 2026), 1.69 (Q4 2025) and 1.87 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 5.16 |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | 5.76 |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 3.15 |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | - |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | 2.31 |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 2.33 |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | 1.76 |
| 10 | Cummins | 71.32 Bn | 68.45 Bn | 2.47 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.76 |
| Mar 31, 2026 | 1.65 |
| Dec 31, 2025 | 1.69 |
| Sep 30, 2025 | 1.87 |
| Jun 30, 2025 | 1.72 |
| Mar 31, 2025 | 1.59 |
| Dec 31, 2024 | 1.69 |
| Sep 30, 2024 | 2.80 |
| Jun 30, 2024 | 1.82 |
| Mar 31, 2024 | 1.95 |
| Dec 31, 2023 | 1.70 |
| Sep 30, 2023 | 1.95 |
| Jun 30, 2023 | 1.89 |
| Mar 31, 2023 | 1.79 |
| Dec 31, 2022 | 2.25 |
| Sep 30, 2022 | 1.93 |
| Jun 30, 2022 | 1.94 |
| Mar 31, 2022 | 1.73 |
| Dec 31, 2021 | 1.59 |
| Sep 30, 2021 | 1.78 |
API Access
Illinois Tool Works Dividend Coverage 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=dividend-coverage-ratio&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-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=dividend-coverage-ratio&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();