Illinois Tool Works Inc. (ITW) Stock Analysis
Industrials · Specialty Industrial Machinery · NYSE
Illinois Tool Works Inc. (ITW) posted $16.04B in revenue for fiscal 2025 (up 0.9% year over year), at a 19.1% net margin, and has compounded revenue about 5.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Illinois Tool Works Inc.
Illinois Tool Works Inc. has grown revenue from $13.60B to $16.04B over the last 10 fiscal years, compounding about 5% a year. The most recent year was up 0.9%, so growth has cooled from its longer-run pace.
Net margin sits at 19.1%, down 2.8 points year over year on a 52.9% gross margin. It carries about $9.97B of total debt.
At today's valuation the market is pricing in roughly 13.4% annual free-cash-flow growth — versus the 1% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from Illinois Tool Works Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Illinois Tool Works Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.60B | $14.31B | $14.77B | $14.11B | $12.57B | $14.46B | $15.93B | $16.11B | $15.90B | $16.04B |
| Gross profit | $5.69B | $6.01B | $6.16B | $5.92B | $5.20B | $5.97B | $7.80B | $8.16B | $8.29B | $8.49B |
| Net income | $2.04B | $1.69B | $2.56B | $2.52B | $2.11B | $2.69B | $3.03B | $2.96B | $3.49B | $3.07B |
| Net margin | 15.0% | 11.8% | 17.4% | 17.9% | 16.8% | 18.6% | 19.0% | 18.4% | 21.9% | 19.1% |
Source: Illinois Tool Works Inc. SEC filings (10-K). 19 years of history available in the interactive view.
Illinois Tool Works Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into ITW stock?
At today's market cap of $82.56B, Illinois Tool Works Inc. is priced for free-cash-flow growth of about 13.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.71B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 1%/yr over the last five fiscal years and revenue 5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Illinois Tool Works Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Illinois Tool Works Inc. financial history by metric
Compare Illinois Tool Works Inc. with peers
About Illinois Tool Works Inc.
Illinois Tool Works Inc. provides industrial products and equipment in North America, Europe, the Middle East, Africa, the Asia Pacific, and South America. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, cooking, refrigeration, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produce and sells test and measurement; and electronic manufacturing and maintenance, repair, and operations solutions. The Welding segment produces arc welding equipment, and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment provides beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company serves automotive OEM and aftermarket, commercial food equipment, construction, general industrial, industrial capital goods, consumer durables, and other markets, as well as MRO markets. It distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
Illinois Tool Works Inc. — frequently asked questions
What is Illinois Tool Works Inc.'s revenue?
Illinois Tool Works Inc. (ITW) reported revenue of $16.04B for fiscal year 2025, up 0.9% from the prior year, according to its SEC filings.
Is Illinois Tool Works Inc. profitable?
Yes. ITW earned net income of $3.07B in fiscal 2025, a net margin of 19.1%.
What is ITW's P/E ratio?
Illinois Tool Works Inc. trades at a price-to-earnings ratio of about 26.0 based on the latest data in our nightly-refreshed cache.
How fast is Illinois Tool Works Inc. growing?
ITW's revenue grew at roughly 5.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Illinois Tool Works Inc. have?
As of fiscal year 2025, ITW carried roughly $9.97B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Illinois Tool Works Inc.'s gross margin?
ITW's gross margin was 52.9% in fiscal 2025 — gross profit of $8.49B on revenue of $16.04B.
What is Illinois Tool Works Inc.'s market cap?
Illinois Tool Works Inc. (ITW) has a market capitalization of about $82.56B, based on the latest data in our nightly-refreshed cache.
When does Illinois Tool Works Inc.'s fiscal year end?
ITW's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into ITW stock?
At today's market cap of $82.56B, Illinois Tool Works Inc. is priced for free-cash-flow growth of about 13.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.71B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 1%/yr over the last five fiscal years and revenue 5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Illinois Tool Works Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.