Illinois Tool Works (ITW) Return on Invested Capital [ROIC] (2009 - 2026)
Illinois Tool Works (ITW) reported Return on Invested Capital [ROIC] of 27.10% for Q2 2026, down 0.44 percentage points from 27.54% a year earlier but up 0.03 percentage points from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Illinois Tool Works posted Return on Invested Capital [ROIC] of 27.89%, down 2.20 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +7.54 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 30.09% in FY2024 (+1.72 pp), 28.37% in FY2023 (+1.36 pp), 27.01% in FY2022 (+2.10 pp) and 24.90% in FY2021 (+4.55 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 24.55% in Q2 2022 and a high of 29.35% in Q4 2024.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last six quarters, with an average year-over-year change of -0.77 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2021 (a gain of 4.71 percentage points); the low point was Q4 2025 (a drop of 2.58 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 27.07% (Q1 2026), 26.77% (Q4 2025) and 26.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | 16.80% |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 18.53% |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 5.47% |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 10.72% |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 13.34% |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 22.04% |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 10.94% |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 27.11% |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 26.27% |
| 10 | Tenaris | 62.09 Bn | 33.35 Bn | 1.07 Bn | 13.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.11% |
| Jun 30, 2026 | 27.10% |
| Mar 31, 2026 | 27.07% |
| Dec 31, 2025 | 26.77% |
| Sep 30, 2025 | 26.41% |
| Jun 30, 2025 | 27.54% |
| Mar 31, 2025 | 28.60% |
| Dec 31, 2024 | 29.35% |
| Sep 30, 2024 | 28.83% |
| Jun 30, 2024 | 28.41% |
| Mar 31, 2024 | 28.71% |
| Dec 31, 2023 | 28.09% |
| Sep 30, 2023 | 28.26% |
| Jun 30, 2023 | 27.15% |
| Mar 31, 2023 | 27.38% |
| Dec 31, 2022 | 27.85% |
| Sep 30, 2022 | 26.16% |
| Jun 30, 2022 | 24.55% |
| Mar 31, 2022 | 24.63% |
| Dec 31, 2021 | 25.19% |
API Access
Illinois Tool Works Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();