Illinois Tool Works (ITW) Return on Capital Employed (2009 - 2026)
Illinois Tool Works (ITW) recorded quarterly Return on Capital Employed of 39.4% in Q1 2026, up 2.95% quarter-over-quarter from 38.27% in Q4 2025, and up 382.0% on a YoY basis from 8.17% in Q1 2025.
Illinois Tool Works (ITW) Return on Capital Employed (2009 - 2026) Analysis & Trends
Illinois Tool Works' Return on Capital Employed history runs 18 years deep, the most recent figure standing at 39.4% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 382.0% year-over-year to 39.4%; the TTM figure through Mar 2026 stood at 39.4% (up 382.0% YoY), while the FY2025 annual figure was 40.22%, up 140.0% from the prior year.
- Return on Capital Employed was 39.4% for Q1 2026 at Illinois Tool Works, up from 38.27% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 39.4% in Q1 2026 to a low of 28.13% in Q1 2022.
- Historically, Return on Capital Employed has averaged 33.68% across 5 years, with a median of 34.69% in 2025.
- The sharpest annual moves came in 2023 and 2024: Return on Capital Employed soared 1025 bps in 2023, then slumped 825 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 34.89% in 2022, then rose by 7 bps to 37.47% in 2023, then slipped by 22 bps to 29.22% in 2024, then jumped by 31 bps to 38.27% in 2025, then increased by 3 bps to 39.4% in 2026.
- The last three Return on Capital Employed figures came in at 39.4% (Q1 2026), 38.27% (Q4 2025), and 34.8% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 7.18% |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 14.09% |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 18.36% |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 15.97% |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 14.32% |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 39.40% |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 14.67% |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 31.32% |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 12.62% |
| 10 | Ingersoll Rand | 28.28 Bn | 27.07 Bn | 792.40 Mn | 6.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.40% |
| Dec 31, 2025 | 38.27% |
| Sep 30, 2025 | 34.80% |
| Jun 30, 2025 | 34.69% |
| Mar 31, 2025 | 35.59% |
| Dec 31, 2024 | 29.22% |
| Sep 30, 2024 | 29.00% |
| Jun 30, 2024 | 30.70% |
| Mar 31, 2024 | 30.48% |
| Dec 31, 2023 | 37.47% |
| Sep 30, 2023 | 34.99% |
| Jun 30, 2023 | 33.64% |
| Mar 31, 2023 | 38.38% |
| Dec 31, 2022 | 34.89% |
| Sep 30, 2022 | 32.91% |
| Jun 30, 2022 | 29.96% |
| Mar 31, 2022 | 28.13% |
| Dec 31, 2021 | 28.21% |
| Sep 30, 2021 | 28.09% |
| Jun 30, 2021 | 27.41% |