Illinois Tool Works (ITW) Tax Rate (2009 - 2026)
Illinois Tool Works (ITW) posted quarterly Tax Rate of 20.58% for Q1 2026, down 121.0% year-over-year from 98.0% in Q1 2025, and down 9.94% quarter-over-quarter from 22.85% in Q4 2025.
Illinois Tool Works (ITW) Tax Rate (2009 - 2026) Analysis & Trends
Illinois Tool Works' Tax Rate history runs 18 years deep, the most recent figure standing at 20.58% for Q1 2026.
- In Q1 2026, Tax Rate fell 121.0% year-over-year to 20.58%; the TTM figure through Mar 2026 stood at 22.39% (up 175.0% YoY), while the FY2025 annual figure was 22.69%, up 157.0% from the prior year.
- Tax Rate for Q1 2026 stood at 20.58%, down from 22.85% in the prior quarter.
- The five-year high for Tax Rate was 24.48% in Q2 2024, with the low at 14.83% in Q3 2024.
- The 5-year median for Tax Rate is 22.65% (2023), against an average of 21.94%.
- The sharpest annual moves came in 2022 and 2024: Tax Rate surged 808 bps in 2022, then plunged 896 bps in 2024.
- Illinois Tool Works' Tax Rate stood at 19.09% in 2022, then rose by 19 bps to 22.65% in 2023, then increased by 5 bps to 23.7% in 2024, then decreased by 4 bps to 22.85% in 2025, then retreated by 10 bps to 20.58% in 2026.
- Business Quant data shows ITW's Tax Rate at 20.58% in Q1 2026, 22.85% in Q4 2025, and 21.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 29.84% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 28.06% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 19.21% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 21.62% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 25.14% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 24.54% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 17.36% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 13.19% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 21.13% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 17.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.54% |
| Jun 30, 2026 | 24.54% |
| Jun 30, 2026 | 24.54% |
| Mar 31, 2026 | 20.58% |
| Mar 31, 2026 | 20.58% |
| Mar 31, 2026 | 20.58% |
| Dec 31, 2025 | 22.85% |
| Dec 31, 2025 | 22.85% |
| Dec 31, 2025 | 22.85% |
| Sep 30, 2025 | 21.73% |
| Sep 30, 2025 | 21.73% |
| Sep 30, 2025 | 21.73% |
| Jun 30, 2025 | 24.35% |
| Jun 30, 2025 | 24.35% |
| Jun 30, 2025 | 24.35% |
| Mar 31, 2025 | 21.79% |
| Mar 31, 2025 | 21.79% |
| Mar 31, 2025 | 21.79% |
| Dec 31, 2024 | 23.70% |
| Dec 31, 2024 | 23.70% |