Illinois Tool Works (ITW) Interest Coverage Ratio (2009 - 2026)
Illinois Tool Works (ITW) posted Interest Coverage Ratio of 14.52 for Q2 2026, up 3.91% on a QoQ basis from 13.97 in Q1 2026, and up 0.6% year-over-year from 14.43 in Q2 2025.
Analysis
Illinois Tool Works (ITW) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Illinois Tool Works has reported Interest Coverage Ratio for 18 years, with the latest figure at 14.52 in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio rose 0.6% year-over-year to 14.52 in Q2 2026; TTM through Jun 2026 was 14.45, a 1.72% decrease from a year earlier, with the FY2025 full-year figure at 14.44, down 4.17% from the prior year.
- Interest Coverage Ratio was 14.52 for Q2 2026 at Illinois Tool Works, up from 13.97 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 19.7 in Q2 2022, with the low at 13.97 in Q1 2026.
- Average Interest Coverage Ratio over 5 years is 15.68, with a median of 14.99 recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio rose 14.73% in 2022, then slipped 25.71% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 17.61 in 2022, then dropped by 19.84% to 14.11 in 2023, then grew by 7.42% to 15.16 in 2024, then declined by 4.58% to 14.47 in 2025, then gained by 0.36% to 14.52 in 2026.
- The last three Interest Coverage Ratio figures came in at 14.52 (Q2 2026), 13.97 (Q1 2026), and 14.47 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.31 Bn | 80.98 Bn | 2.68 Bn | - |
| 2 | Illinois Tool Works | 75.33 Bn | 74.49 Bn | 1.90 Bn | 14.52 |
| 3 | Ametek | 53.48 Bn | 52.98 Bn | 735.04 Mn | 17.55 |
| 4 | Rockwell Automation | 46.61 Bn | 46.13 Bn | 1.14 Bn | 14.58 |
| 5 | Mettler Toledo International | 25.72 Bn | 25.67 Bn | 650.22 Mn | 19.04 |
| 6 | Dover | 25.19 Bn | 23.44 Bn | 880.61 Mn | 13.48 |
| 7 | Nordson | 17.13 Bn | 17.02 Bn | 453.73 Mn | 10.71 |
| 8 | Fortive | 16.52 Bn | 16.14 Bn | 695.30 Mn | 5.93 |
| 9 | RBC Bearings | 14.97 Bn | 14.84 Bn | 247.80 Mn | 13.94 |
| 10 | Regal Rexnord | 10.42 Bn | 9.98 Bn | 611.60 Mn | 2.78 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.52 |
| Mar 31, 2026 | 13.97 |
| Dec 31, 2025 | 14.47 |
| Sep 30, 2025 | 14.83 |
| Jun 30, 2025 | 14.43 |
| Mar 31, 2025 | 13.99 |
| Dec 31, 2024 | 15.16 |
| Sep 30, 2024 | 15.25 |
| Jun 30, 2024 | 14.05 |
| Mar 31, 2024 | 15.87 |
| Dec 31, 2023 | 14.11 |
| Sep 30, 2023 | 15.97 |
| Jun 30, 2023 | 14.64 |
| Mar 31, 2023 | 16.20 |
| Dec 31, 2022 | 17.61 |
| Sep 30, 2022 | 18.90 |
| Jun 30, 2022 | 19.70 |
| Mar 31, 2022 | 18.65 |
| Dec 31, 2021 | 17.02 |
| Sep 30, 2021 | 17.24 |