Illinois Tool Works (ITW) Interest Coverage Ratio (2009 - 2026)
Illinois Tool Works' (ITW) quarterly Interest Coverage Ratio came in at 13.97 in Q1 2026, little changed year-on-year from 13.99 in Q1 2025, and down 3.42% quarter-over-quarter from 14.47 in Q4 2025.
Illinois Tool Works (ITW) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Illinois Tool Works' Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 13.97 for Q1 2026.
- On a quarterly basis, Interest Coverage Ratio changed 0.09% year-over-year to 13.97 in Q1 2026; TTM through Mar 2026 was 14.43, a 1.53% decrease from a year earlier, with the FY2025 full-year figure at 7.88, down 4.64% from the prior year.
- Interest Coverage Ratio eased to 13.97 in Q1 2026 per ITW's latest filing, from 14.47 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 29.88 in Q4 2022 and bottomed at 1.54 in Q1 2024.
- The 5-year median for Interest Coverage Ratio is 15.25 (2024), against an average of 15.92.
- Across the five-year window, Interest Coverage Ratio sank 90.18% in 2024 and surged 808.45% in 2025, its largest moves.
- Year by year, Interest Coverage Ratio stood at 29.88 in 2022, then slipped by 24.85% to 22.45 in 2023, then tumbled by 31.47% to 15.39 in 2024, then retreated by 5.99% to 14.47 in 2025, then dropped by 3.42% to 13.97 in 2026.
- Per Business Quant, the three latest ITW Interest Coverage Ratio figures stand at 13.97 (Q1 2026), 14.47 (Q4 2025), and 14.83 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | -8.95 |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 11.06 |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 2.14 |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 1.49 |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | - |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 13.97 |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 24.63 |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 6.58 |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 4.54 |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | 22.18 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 15.39 |
| Sep 30, 2024 | 15.25 |
| Jun 30, 2024 | 14.05 |
| Mar 31, 2024 | 1.54 |
| Dec 31, 2023 | 22.45 |
| Sep 30, 2023 | 15.97 |
| Jun 30, 2023 | 14.64 |
| Mar 31, 2023 | 15.68 |
| Dec 31, 2022 | 29.88 |
| Sep 30, 2022 | 18.90 |
| Jun 30, 2022 | 19.70 |
| Mar 31, 2022 | 15.43 |
| Dec 31, 2021 | 17.02 |
| Sep 30, 2021 | 17.24 |
| Jun 30, 2021 | 17.17 |