Illinois Tool Works Key Ratios (2009-2026)

Reported Financials

Illinois Tool Works Quarterly Ratios

Periods 70 quarters

Latest Jun 2026

Illinois Tool Works reported a gross margin of 44.13% and a net margin of 18.95% for the quarter ended Jun 2026. These financial ratios cover 70 quarters of results from Mar 2009 through Jun 2026, standardized by Business Quant from the company’s SEC filings.

Ratios	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025	Mar2026	Jun2026
Profitability
Gross Margin	41.06%	40.45%	40.16%	40.36%	40.89%	41.85%	41.75%	42.46%	42.47%	41.95%	46.01%	43.83%	43.77%	43.51%	43.71%	43.97%	44.49%	44.20%	43.82%	44.13%
EBT Margin	22.67%	21.53%	21.86%	22.51%	23.86%	28.23%	22.94%	23.59%	25.13%	23.27%	26.98%	24.96%	34.34%	25.00%	23.31%	24.62%	25.84%	25.02%	24.08%	25.11%
EBIT Margin	23.76%	22.67%	22.72%	23.09%	24.51%	24.83%	24.19%	24.79%	26.54%	24.81%	28.37%	26.17%	26.53%	26.22%	24.77%	26.35%	27.40%	26.51%	25.40%	26.67%
EBITDA Margin	23.76%	22.67%	22.72%	23.09%	24.51%	24.83%	24.19%	24.79%	26.54%	24.81%	28.37%	26.17%	26.53%	26.22%	24.77%	26.35%	27.40%	26.51%	25.40%	26.67%
Operating Margin	23.76%	22.67%	22.72%	23.09%	24.51%	24.83%	24.19%	24.79%	26.54%	24.81%	28.37%	26.17%	26.53%	26.22%	24.77%	26.35%	27.40%	26.51%	25.40%	26.67%
Net Margin	17.97%	16.55%	16.81%	18.40%	18.13%	22.84%	17.77%	18.51%	19.15%	18.00%	20.61%	18.85%	29.25%	19.07%	18.23%	18.63%	20.23%	19.30%	19.12%	18.95%
FCF Margin	15.41%	18.89%	6.32%	10.47%	15.26%	16.49%	15.30%	17.30%	21.24%	22.80%	12.43%	14.18%	19.74%	25.33%	12.92%	11.08%	22.27%	20.96%	13.15%	14.67%
Efficiency
Inventory AverageInventory Avg.	1.46B	1.61B	1.79B	1.93B	1.99B	2.03B	2.03B	1.96B	1.86B	1.75B	1.77B	1.82B	1.82B	1.71B	1.63B	1.69B	1.72B	1.69B	1.69B	1.74B
Assets AverageAssets Avg.	15.55B	15.80B	16.18B	15.98B	15.45B	15.32B	15.67B	15.79B	15.52B	15.46B	15.29B	15.32B	15.70B	15.45B	15.27B	15.76B	16.09B	16.14B	16.21B	16.38B
Invested CapitalInvested Cap.	11.62B	12.66B	12.48B	12.54B	12.33B	11.39B	11.48B	11.32B	11.07B	12.54B	11.35B	11.44B	11.74B	11.96B	11.51B	12.15B	12.15B	12.20B	12.38B	12.59B
Asset Utilization RatioAsset Util.	0.92	0.92	0.92	0.95	1.01	1.04	1.02	1.02	1.04	1.04	1.05	1.05	1.02	1.03	1.03	1.00	0.99	0.99	1.00	1.01
Leverage & Solvency
Interest Coverage RatioInterest Cover	17.24	17.02	18.65	19.70	18.90	17.61	16.20	14.64	15.97	14.11	15.87	14.05	15.25	15.16	13.99	14.43	14.83	14.47	13.97	14.52
Debt Ratio	0.52	0.56	0.55	0.59	0.61	0.54	0.53	0.53	0.52	0.61	0.55	0.54	0.53	0.57	0.53	0.56	0.55	0.56	0.56	0.59
Times Interest Earned	17.24	17.02	18.65	19.70	18.90	17.61	16.20	14.64	15.97	14.11	15.87	14.05	15.25	15.16	13.99	14.43	14.83	14.47	13.97	14.52
Dividends & Payouts
Dividend Coverage RatioDiv. Cover	1.78	1.59	1.73	1.94	1.93	2.25	1.79	1.89	1.95	1.70	1.95	1.82	2.80	1.69	1.59	1.72	1.87	1.69	1.65	1.76
FCF Payout RatioFCF Cover	0.66	0.55	1.53	0.90	0.62	0.62	0.65	0.56	0.46	0.46	0.85	0.73	0.53	0.44	0.89	0.98	0.48	0.54	0.88	0.73
Dividend YieldDiv. Yield	0.55%	0.50%	0.59%	0.67%	0.68%	0.60%	0.54%	0.53%	0.57%	0.54%	0.52%	0.59%	0.54%	0.59%	0.61%	0.61%	0.58%	0.66%	0.62%	0.60%
Payout Ratio	0.56	0.63	0.58	0.51	0.52	0.44	0.56	0.53	0.51	0.59	0.51	0.55	0.36	0.59	0.63	0.58	0.53	0.59	0.61	0.57
Valuation
Price to EarningsP/E	101.50	126.80	98.50	76.46	76.34	74.08	103.62	100.33	89.77	109.34	97.77	92.69	66.71	99.40	103.81	95.46	92.14	89.98	97.51	94.52
Price to SalesP/S	18.24	20.99	16.55	14.07	13.84	16.92	18.41	18.57	17.19	19.68	20.15	17.47	19.51	18.96	18.93	17.78	18.64	17.37	18.65	17.91
Price to BookP/B	18.57	21.30	18.20	16.70	18.41	21.75	23.86	24.45	23.07	26.02	26.50	23.75	22.82	22.47	22.41	22.45	23.57	22.03	23.18	26.61
Enterprise Value	62.88B	75.70B	63.91B	55.55B	54.72B	66.48B	72.84B	74.73B	68.31B	77.33B	79.11B	69.49B	76.44B	73.60B	71.79B	71.29B	74.72B	70.23B	74.06B	76.19B
EV to EBIT	74.41	90.76	71.41	59.99	55.67	67.43	74.94	73.99	63.84	78.27	70.20	65.93	72.66	71.39	75.49	66.75	67.20	64.73	72.61	66.43
EV to EBITDA	74.41	90.76	71.41	59.99	55.67	67.43	74.94	73.99	63.84	78.27	70.20	65.93	72.66	71.39	75.49	66.75	67.20	64.73	72.61	66.43
Market Capitalization	64.86B	77.22B	65.21B	56.42B	55.50B	67.19B	73.98B	75.65B	69.30B	78.40B	80.07B	70.35B	77.39B	74.55B	72.67B	72.07B	75.65B	71.08B	74.89B	77.03B
Price to FCFP/FCF	118.36	111.11	261.88	134.34	90.68	102.58	120.30	107.30	80.96	86.34	162.08	123.21	98.84	74.85	146.51	160.52	83.68	82.85	141.83	122.08
EV to FCF	114.74	108.92	256.68	132.25	89.42	101.50	118.44	106.00	79.80	85.17	160.15	121.70	97.63	73.90	144.75	158.77	82.66	81.86	140.26	120.75
EV to CFO	101.58	97.80	197.87	110.87	76.75	81.98	100.06	94.59	69.56	74.43	134.32	101.15	85.79	66.07	121.28	129.61	73.19	72.93	118.88	105.38
Return Ratios
Return on Sales [ROS]ROS	23.76%	22.67%	22.72%	23.09%	24.51%	24.83%	24.19%	24.79%	26.54%	24.81%	28.37%	26.17%	26.53%	26.22%	24.77%	26.35%	27.40%	26.51%	25.40%	26.67%
Return on Capital Employed [ROCE]ROCE	28.09%	28.21%	28.13%	29.96%	32.91%	34.89%	38.38%	33.64%	34.99%	37.47%	40.15%	40.30%	38.12%	38.29%	35.59%	34.69%	34.80%	38.27%	39.40%	41.86%
Return on Invested Capital [ROIC]ROIC	24.49%	23.20%	22.29%	22.03%	22.78%	25.24%	26.74%	27.15%	28.26%	26.47%	27.07%	28.41%	28.83%	28.39%	27.66%	27.54%	26.41%	26.77%	27.07%	27.10%
Return on Assets [ROA]ROA	17.54%	17.05%	16.59%	16.57%	17.71%	19.80%	19.69%	19.65%	20.27%	19.13%	20.02%	20.02%	22.01%	22.58%	22.07%	21.35%	18.80%	18.99%	19.34%	19.50%

Illinois Tool Works ITW Ratios (2009-2026)

Illinois Tool Works Quarterly Ratios

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