Illinois Tool Works (ITW) Interest Coverage Ratio (2009 - 2026)
Illinois Tool Works' Interest Coverage Ratio was 14.52 in Q2 2026, up 0.6% from 14.43 a year earlier and up 3.9% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Illinois Tool Works' Interest Coverage Ratio was 14.45 through Jun 30, 2026, down 1.7% year-over-year; for FY2025, it came in at 14.44, down 4.2% from FY2024.
- Interest Coverage Ratio has now declined for three consecutive years.
- In earlier years, Interest Coverage Ratio was 15.07 in FY2024 (-0.8%), 15.19 in FY2023 (-18.7%), 18.67 in FY2022 (+8.5%) and 17.21 in FY2021 (+23.0%).
- Quarterly Interest Coverage Ratio has moved between 13.97 (Q1 2026) and 19.70 (Q2 2022) over five years.
- Compared with a year earlier, Interest Coverage Ratio was higher in three of the last eight quarters, with an average decline of 1.6%.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q2 2022 (growth of 14.7%); the worst was Q2 2023 (a decline of 25.7%).
- Per Business Quant data, ITW's Interest Coverage Ratio in the three quarters before Q2 2026 was 13.97 (Q1 2026), 14.47 (Q4 2025) and 14.83 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 8.64 |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 12.09 |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 2.81 |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 6.93 |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 14.45 |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 36.66 |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | - |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 14.52 |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 15.99 |
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 |
API Access
Illinois Tool Works Interest 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=interest-coverage-ratio&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-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=interest-coverage-ratio&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();