Illinois Tool Works (ITW) Tax Provisions (2009 - 2026)
Illinois Tool Works (ITW) posted quarterly Tax Provisions of $199.0 million for Q1 2026, up 2.05% year-over-year from $195.0 million in Q1 2025, and down 14.96% quarter-over-quarter from $234.0 million in Q4 2025.
Illinois Tool Works (ITW) Tax Provisions (2009 - 2026) Analysis & Trends
Illinois Tool Works' Tax Provisions history runs 18 years deep, the most recent figure standing at $199.0 million for Q1 2026.
- In Q1 2026, Tax Provisions rose 2.05% year-over-year to $199.0 million; the TTM figure through Mar 2026 stood at $904.0 million (up 3.2% YoY), while the FY2025 annual figure was $900.0 million, down 3.64% from the prior year.
- Tax Provisions for Q1 2026 stood at $199.0 million, down from $234.0 million in the prior quarter.
- The five-year high for Tax Provisions was $253.0 million in Q1 2024, with the low at $165.0 million in Q2 2022.
- The 5-year median for Tax Provisions is $214.0 million (2022), against an average of $218.1 million.
- The sharpest annual moves came in 2022 and 2025: Tax Provisions jumped 87.5% in 2022, then retreated 22.92% in 2025.
- Illinois Tool Works' Tax Provisions stood at $214.0 million in 2022, then slipped by 1.87% to $210.0 million in 2023, then climbed by 10.95% to $233.0 million in 2024, then advanced by 0.43% to $234.0 million in 2025, then slipped by 14.96% to $199.0 million in 2026.
- Business Quant data shows ITW's Tax Provisions at $199.0 million in Q1 2026, $234.0 million in Q4 2025, and $228.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 276.00 Mn |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 321.00 Mn |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 215.00 Mn |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 198.00 Mn |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 325.00 Mn |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 265.00 Mn |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 85.48 Mn |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 62.00 Mn |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 69.10 Mn |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 98.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 265.00 Mn |
| Mar 31, 2026 | 199.00 Mn |
| Dec 31, 2025 | 234.00 Mn |
| Sep 30, 2025 | 228.00 Mn |
| Jun 30, 2025 | 243.00 Mn |
| Mar 31, 2025 | 195.00 Mn |
| Dec 31, 2024 | 233.00 Mn |
| Sep 30, 2024 | 202.00 Mn |
| Jun 30, 2024 | 246.00 Mn |
| Mar 31, 2024 | 253.00 Mn |
| Dec 31, 2023 | 210.00 Mn |
| Sep 30, 2023 | 241.00 Mn |
| Jun 30, 2023 | 207.00 Mn |
| Mar 31, 2023 | 208.00 Mn |
| Dec 31, 2022 | 214.00 Mn |
| Sep 30, 2022 | 230.00 Mn |
| Jun 30, 2022 | 165.00 Mn |
| Mar 31, 2022 | 199.00 Mn |
| Dec 31, 2021 | 183.00 Mn |
| Sep 30, 2021 | 167.00 Mn |