Illinois Tool Works Inc (ITW)
Industrials · Industrial Machinery & Supplies & Components · US stock · S&P 500 component
$272.28
▲ +1.09 (0.40%)
Fair valueFair
$273 +0.3% to fair value
$137fair band $191–$355$410
Day's range
$270.88 – $276.19
52-week range
$232.87 – $299.98
About Illinois Tool Works Inc
A broad mix of industrial products and equipment comes from Illinois Tool Works, a diversified manufacturer. Its businesses make vehicle components, commercial food equipment, welding equipment, test and measurement instruments, polymers and fluids, construction products and other specialty products. It operates through a decentralised structure of many operating units, each focused on its own niche, with customers in automotive, food service, construction, electronics and general industry.
Revenue comes from products and consumables purchased by manufacturers, builders, restaurants and vehicle makers. Sales were $16.5 billion over the last twelve months, essentially flat with growth of 0.2% a year over the last three years. The operating margin is 26.5%, and the business earns a profit of 25% on the capital invested in it. Net debt is 2.5 times EBITDA. A dividend is paid, with a yield of 2.4%. On the site's X-Ray Score it receives 49 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $232.87 – $299.98Volume 1,436,100Daily, split-adjusted
Vitals
Market cap$78.1B
52-week range$232.87 – $299.98
Volume (last day)1,436,100
P/E (TTM)24.7
EBIT / EV yield4.9%
Free-cash-flow yield3.7%
Dividend yield2.4%
Revenue (TTM)$16.5B
Net income (TTM)$3.2B
Operating margin26.5%
Return on capital24.9%
Debt incl. leases$11.8B
Cash & securities$839M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$273model spread $259 – $287
Fair
+0.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $272
Undervalued < $191Fair $191 – $355Overvalued > $355
10-year DCF (market-scaled)
$254
Peer multiples
$293
Earnings power floor (not blended)
$93
Fundamentals-adjusted multiple
$273
Growth the price implies
12.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Fair
53/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.9%
Free-cash-flow yield3.7%
Fair value vs price1.0×
Growth
Weak
27/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.2%
EPS growth (3y)2.4%
Growth consistency50%
Profitability
Fair
67/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital24.9%
Operating margin26.5%
Gross profitability52.9%
Financial health
Weak
41/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA2.5×
Interest cover14.5×
Dividends
Fair
52/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.4%
Dividends vs free cash flow64%
Dividend growth5.0%
Quarterly results: last 6 quarters
-3.4%
Mar '25
+0.6%
Jun '25
+2.3%
Sep '25
+4.1%
Dec '25
+4.6%
Mar '26
+6.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.3B, diluted EPS $2.84.
Compare with peers
SNA Snap-on Inc67 PNR PENTAIR plc62 GWW W.W. Grainger, Inc.58 OTIS Otis Worldwide Corp57Other Industrial Machinery & Supplies & Components companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 6 Average · ● 6 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $14.5B | $15.9B | $16.1B | $15.9B | $16.0B |
| Operating income | $3.5B | $3.8B | $4.0B | $4.3B | $4.2B |
| Net income | $2.7B | $3.0B | $3.0B | $3.5B | $3.1B |
| Operating cash flow | $2.6B | $2.3B | $3.5B | $3.3B | $3.1B |
| Operating margin | 24.1% | 23.8% | 25.1% | 26.8% | 26.3% |
| Free cash flow | $2.3B | $1.9B | $3.1B | $2.8B | $2.7B |
| Diluted EPS | $8.51 | $9.77 | $9.74 | $11.71 | $10.49 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 266.6 | Bullish |
| EMA 10 | 267.8 | Bullish |
| SMA 20 | 266.7 | Bullish |
| EMA 20 | 267.5 | Bullish |
| SMA 50 | 272.7 | Bearish |
| EMA 50 | 269.6 | Bullish |
| SMA 100 | 269.6 | Bullish |
| EMA 100 | 269.0 | Bullish |
| SMA 200 | 266.3 | Bullish |
| EMA 200 | 264.9 | Bullish |
Oscillators (daily)
| RSI (14) | 56.69 | Neutral |
| MACD (12, 26) | -0.45 | Bearish |
| Momentum (12) | 5.83 | Bullish |
| Stochastic %K (14) | 80.93 | Bearish |
| Williams %R (14) | -19.07 | Bearish |
| CCI (20) | 124.2 | Bearish |
Pivot points (classic, last session)
S3 264.7 | S2 267.8 | S1 270.0 | Pivot 273.1 | R1 275.4 | R2 278.4 | R3 280.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
6.55 USD
Yield on today's price
2.41%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 30 Sep 2026 | 1.7200 |
| 30 Jun 2026 | 1.6100 |
| 31 Mar 2026 | 1.6100 |
| 31 Dec 2025 | 1.6100 |
| 30 Sep 2025 | 1.6100 |
| 30 Jun 2025 | 1.5000 |
| 31 Mar 2025 | 1.5000 |
| 31 Dec 2024 | 1.5000 |
| 30 Sep 2024 | 1.5000 |
| 28 Jun 2024 | 1.4000 |
| 27 Mar 2024 | 1.4000 |
| 28 Dec 2023 | 1.4000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ITW SEC filings
13 Aug 2026
8-KSEC EDGAR
Other events
12 Aug 2026
424B5SEC EDGAR
424B5
11 Aug 2026
424B5SEC EDGAR
424B5
6 Aug 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations
22 May 2026
8-KSEC EDGAR
Director or officer change
12 May 2026
8-KSEC EDGAR
Shareholder vote results
7 May 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.