Illinois Tool Works (ITW) Free Cash Flow (2009 - 2026)
Illinois Tool Works (ITW) recorded Free Cash Flow of $631 million in Q2 2026, up 40.5% from $449 million a year earlier and up 19.5% from the prior quarter.
Illinois Tool Works (ITW) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Illinois Tool Works' Free Cash Flow came in at $2.92 billion as of Jun 30, 2026, up 7.2% year-over-year; for FY2025, it came in at $2.71 billion, down 4.8% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 1.0% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $2.84 billion in FY2024 (-7.8%), $3.08 billion in FY2023 (+59.3%), $1.94 billion in FY2022 (-14.4%) and $2.26 billion in FY2021 (-12.1%).
- Quarterly Free Cash Flow has ranged from $249 million in Q1 2022 to $996 million in Q4 2024 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in five of the last eight quarters, with growth averaging 3.6%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 147.0% in Q1 2023, against a decline of 54.0% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $528 million (Q1 2026), $858 million (Q4 2025) and $904 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 379.87 Bn | 351.57 Bn | 7.76 Bn | 3.78 Bn |
| 2 | Amphenol | 211.41 Bn | 206.11 Bn | 3.55 Bn | 1.20 Bn |
| 3 | Deere | 179.93 Bn | 188.69 Bn | 4.66 Bn | 1.57 Bn |
| 4 | Eaton | 169.93 Bn | 167.16 Bn | 2.86 Bn | 874.00 Mn |
| 5 | Parker-Hannifin | 121.78 Bn | 119.91 Bn | 2.25 Bn | 1.56 Bn |
| 6 | Vertiv Holdings | 94.75 Bn | 85.37 Bn | 1.23 Bn | 926.50 Mn |
| 7 | Emerson Electric | 88.42 Bn | 81.17 Bn | 2.66 Bn | 1.32 Bn |
| 8 | 3M | 84.08 Bn | 65.54 Bn | 2.68 Bn | 763.00 Mn |
| 9 | Illinois Tool Works | 74.29 Bn | 70.85 Bn | 1.90 Bn | 631.00 Mn |
| 10 | Cummins | 71.19 Bn | 68.32 Bn | 2.47 Bn | 1.25 Bn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 631.00 Mn |
| Mar 31, 2026 | 528.00 Mn |
| Dec 31, 2025 | 858.00 Mn |
| Sep 30, 2025 | 904.00 Mn |
| Jun 30, 2025 | 449.00 Mn |
| Mar 31, 2025 | 496.00 Mn |
| Dec 31, 2024 | 996.00 Mn |
| Sep 30, 2024 | 783.00 Mn |
| Jun 30, 2024 | 571.00 Mn |
| Mar 31, 2024 | 494.00 Mn |
| Dec 31, 2023 | 908.00 Mn |
| Sep 30, 2023 | 856.00 Mn |
| Jun 30, 2023 | 705.00 Mn |
| Mar 31, 2023 | 615.00 Mn |
| Dec 31, 2022 | 655.00 Mn |
| Sep 30, 2022 | 612.00 Mn |
| Jun 30, 2022 | 420.00 Mn |
| Mar 31, 2022 | 249.00 Mn |
| Dec 31, 2021 | 695.00 Mn |
| Sep 30, 2021 | 548.00 Mn |
Illinois Tool Works Free Cash Flow 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=free-cash-flow&ticker=ITW&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();