Illinois Tool Works (ITW) Shares Outstanding (Diluted) (2009 - 2026)
Illinois Tool Works (ITW) recorded Weighted Average Shares Outstanding (Diluted) of 287 million in Q3 2026, down 1.6% from 291.7 million a year earlier and unchanged from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Illinois Tool Works reported Weighted Average Shares Outstanding (Diluted) of 292.3 million, down 1.8% from FY2024.
- Annual Weighted Average Shares Outstanding (Diluted) has declined for 15 straight years, with a five-year compound annual growth rate of -1.7% (FY2020 to FY2025).
- Across earlier years, Weighted Average Shares Outstanding (Diluted) came in at 297.8 million in FY2024 (-1.9%), 303.6 million in FY2023 (-2.3%), 310.7 million in FY2022 (-1.8%) and 316.4 million in FY2021 (-0.6%).
- Quarterly Weighted Average Shares Outstanding (Diluted) has ranged from 287 million in Q2 2026 to 316.4 million in Q4 2021 over the past five years.
- On a year-over-year basis, Weighted Average Shares Outstanding (Diluted) has declined for 63 consecutive quarters, with an average decline of 1.8% over the last eight quarters.
- Across the past five years, year-over-year decline in Weighted Average Shares Outstanding (Diluted) ran from 0.6% in Q4 2021 to 2.4% in Q1 2023.
- Per Business Quant, the preceding three quarters came in at 287 million (Q2 2026), 289.1 million (Q1 2026) and 292.3 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 274.62 Bn | 245.93 Bn | 7.35 Bn | 460.90 Mn |
| 2 | Amphenol | 193.27 Bn | 188.11 Bn | 4.02 Bn | 2.58 Bn |
| 3 | Deere | 181.55 Bn | 190.32 Bn | 4.66 Bn | 270.70 Mn |
| 4 | Eaton | 137.15 Bn | 134.13 Bn | 3.11 Bn | 389.60 Mn |
| 5 | Parker-Hannifin | 120.49 Bn | 118.48 Bn | 2.26 Bn | 127.80 Mn |
| 6 | 3M | 94.89 Bn | 77.30 Bn | 2.78 Bn | 522.60 Mn |
| 7 | Emerson Electric | 92.74 Bn | 85.23 Bn | 2.74 Bn | 562.00 Mn |
| 8 | Illinois Tool Works | 81.69 Bn | 78.37 Bn | 1.91 Bn | 285.30 Mn |
| 9 | Vertiv Holdings | 77.79 Bn | 66.64 Bn | 1.64 Bn | 392.68 Mn |
| 10 | Tenaris | 65.72 Bn | 37.25 Bn | 1.07 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 285.30 Mn |
| Jun 30, 2026 | 287.00 Mn |
| Mar 31, 2026 | 289.10 Mn |
| Dec 31, 2025 | 292.30 Mn |
| Sep 30, 2025 | 291.70 Mn |
| Jun 30, 2025 | 292.90 Mn |
| Mar 31, 2025 | 294.50 Mn |
| Dec 31, 2024 | 297.80 Mn |
| Sep 30, 2024 | 297.00 Mn |
| Jun 30, 2024 | 298.50 Mn |
| Mar 31, 2024 | 300.00 Mn |
| Dec 31, 2023 | 303.60 Mn |
| Sep 30, 2023 | 303.00 Mn |
| Jun 30, 2023 | 304.20 Mn |
| Mar 31, 2023 | 306.10 Mn |
| Dec 31, 2022 | 310.70 Mn |
| Sep 30, 2022 | 309.70 Mn |
| Jun 30, 2022 | 311.50 Mn |
| Mar 31, 2022 | 313.70 Mn |
| Dec 31, 2021 | 316.40 Mn |
API Access
Illinois Tool Works Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();