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ILLINOIS TOOL WORKS INC ITW

NYSE · stock · General Industrial Machinery & Equipment · website · IPO 1973-03-13 · LEI

ILLINOIS TOOL WORKS INC statistics & valuation

Market cap$77.0B
P / S4.8×
P / B23.9×
P / FCF28.5×
Dividend yield2.32%
FCF margin16.9%
Net debt$6.8B
Net debt / EBITDA1.5×
Enterprise value USD$83.9B
EV / EBITDA18.5×
Earnings yield EBIT/EV5%
Return on capital38.3%
Graham number -82.6%$51.04

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($51.04); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
22.50% 24.30% 24.30% 24.10% 22.90% 24.10% 23.80% 25.10% 26.80% 26.30% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
357.1M 346.8M 337.1M 325.6M 318.3M 316.4M 310.7M 303.6M 297.8M 292.3M 2016201720182019202020212022202320242025
Net debt ($)
$5.36B $4.38B $5.88B $5.78B $5.56B $5.95B $6.00B $6.63B $6.14B $6.83B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
14.90% 14.70% 16.60% 18.90% 20.40% 15.60% 12.20% 19.10% 17.90% 16.90% 2016201720182019202020212022202320242025
Debt / equity (×)
1.84× 1.63× 2.26× 2.56× 2.55× 2.06× 2.17× 2.56× 2.14× 2.38× 2016201720182019202020212022202320242025
EPS ($)
$5.70 $4.86 $7.60 $7.74 $6.63 $8.51 $9.77 $9.74 $11.71 $10.49 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ILLINOIS TOOL WORKS INC trades at about 27.9× earnings — above its 10-year norm (10-year range 18.1×–35.7×, median 24.9×).

18.1× 35.7×

Shaded band = 10-year range (18.1×–35.7×); dot = today's 27.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin26.3%26.8%25.1%23.8%24.1%22.9%24.1%24.3%24.3%22.5%
FCF margin16.9%17.9%19.1%12.2%15.6%20.4%18.9%16.6%14.7%14.9%
Debt / equity2.38×2.14×2.56×2.17×2.06×2.55×2.56×2.26×1.63×1.84×
Current ratio1.211.361.331.411.842.522.901.632.382.22

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.