Illinois Tool Works (ITW) Return on Capital Employed [ROCE] (2009 - 2026)
Illinois Tool Works (ITW) reported Return on Capital Employed [ROCE] of 41.86% for Q2 2026, up 7.17 percentage points from 34.69% a year earlier and up 2.45 percentage points from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Illinois Tool Works posted Return on Capital Employed [ROCE] of 40.22%, up 1.40 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased for five consecutive years, with a five-year change of +17.62 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 38.82% in FY2024 (+1.39 pp), 37.42% in FY2023 (+3.85 pp), 33.57% in FY2022 (+5.47 pp) and 28.10% in FY2021 (+5.50 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2009.
- Year over year, Return on Capital Employed [ROCE] gained in four of the last eight quarters, with an average year-over-year change of +0.18 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q1 2023 (a gain of 10.25 percentage points); the low point was Q2 2025 (a drop of 5.62 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 39.40% (Q1 2026), 38.27% (Q4 2025) and 34.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 271.73 Bn | 243.04 Bn | 7.35 Bn | 22.25% |
| 2 | Amphenol | 188.84 Bn | 183.54 Bn | 4.02 Bn | 25.53% |
| 3 | Deere | 181.31 Bn | 149.40 Bn | 4.66 Bn | - |
| 4 | Eaton | 135.80 Bn | 132.74 Bn | 3.11 Bn | 12.64% |
| 5 | Parker-Hannifin | 119.48 Bn | 117.37 Bn | 2.26 Bn | 17.64% |
| 6 | 3M | 96.07 Bn | 77.51 Bn | 2.78 Bn | 18.67% |
| 7 | Emerson Electric | 92.37 Bn | 84.85 Bn | 2.74 Bn | 15.15% |
| 8 | Illinois Tool Works | 81.84 Bn | 78.51 Bn | 1.91 Bn | 38.87% |
| 9 | Vertiv Holdings | 76.56 Bn | 65.41 Bn | 1.64 Bn | 31.72% |
| 10 | Tenaris | 64.51 Bn | 35.76 Bn | 1.07 Bn | 10.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.87% |
| Jun 30, 2026 | 41.86% |
| 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 | 38.29% |
| Sep 30, 2024 | 38.12% |
| Jun 30, 2024 | 40.30% |
| Mar 31, 2024 | 40.15% |
| 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% |
API Access
Illinois Tool Works Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();