Illinois Tool Works (ITW) Interest Expenses (2009 - 2026)
Illinois Tool Works (ITW) recorded Interest Expenses of $79 million in Q2 2026, up 6.8% from $74 million a year earlier and up 8.2% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Interest Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Illinois Tool Works' Interest Expenses came in at $302 million as of Jun 30, 2026, up 8.2% year-over-year; for FY2025, it was $292 million, up 3.2% from FY2024.
- Annual Interest Expenses has increased for four straight years, with a five-year compound annual growth rate of 7.2% (FY2020 to FY2025).
- Across earlier years, Interest Expenses came in at $283 million in FY2024 (+6.4%), $266 million in FY2023 (+31.0%), $203 million in FY2022 (+0.5%) and $202 million in FY2021 (-1.9%).
- The Q2 2026 figure is the highest quarterly Interest Expenses in data going back to Q1 2009.
- On a year-over-year basis, Interest Expenses has increased for four consecutive quarters, with growth averaging 3.5% over the last eight quarters.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 46.8% in Q2 2023, against a decline of 9.6% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $73 million (Q1 2026), $75 million (Q4 2025) and $75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 497.00 Mn |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 213.70 Mn |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 661.00 Mn |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 201.00 Mn |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 95.00 Mn |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 17.40 Mn |
| 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 | 79.00 Mn |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 80.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.00 Mn |
| Mar 31, 2026 | 73.00 Mn |
| Dec 31, 2025 | 75.00 Mn |
| Sep 30, 2025 | 75.00 Mn |
| Jun 30, 2025 | 74.00 Mn |
| Mar 31, 2025 | 68.00 Mn |
| Dec 31, 2024 | 68.00 Mn |
| Sep 30, 2024 | 69.00 Mn |
| Jun 30, 2024 | 75.00 Mn |
| Mar 31, 2024 | 71.00 Mn |
| Dec 31, 2023 | 70.00 Mn |
| Sep 30, 2023 | 67.00 Mn |
| Jun 30, 2023 | 69.00 Mn |
| Mar 31, 2023 | 60.00 Mn |
| Dec 31, 2022 | 56.00 Mn |
| Sep 30, 2022 | 52.00 Mn |
| Jun 30, 2022 | 47.00 Mn |
| Mar 31, 2022 | 48.00 Mn |
| Dec 31, 2021 | 49.00 Mn |
| Sep 30, 2021 | 49.00 Mn |
API Access
Illinois Tool Works Interest Expenses 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-expenses&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();