Global manufacturer of diversified industrial products and equipment serving customers worldwide.
Profile & Fundamentals
Illinois Tool Works: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Illinois Tool Works Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
Company Profile & Ownership
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.
Company profile record
Illinois Tool Works Inc
Common Stock · Industrials · Industrial Machinery & Supplies & Components
Company
- Company / asset
- Illinois Tool Works Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Industrial Machinery & Supplies & Components
- HQ
- 🇺🇸 United States
- Head office
- 155 Harlem Avenue, Glenview, IL, United States, 60025
Leadership & scale
- Chief executive
- Mr. Christopher A. O'Herlihy
- CEO year born
- 1964
- Full-time employees
- 43K
- Fiscal year end
- December
- IPO date
- 1987-11-05
Fundamentals snapshot
- Market Cap
- USD 76.7B
- P/E
- 24.0x
- Revenue (Q2 26)
- USD 4.3B
- Profit (Q2 26)
- USD 815.0M
- Dividend Yield
- 1.7%
- Revenue (FY 25)
- USD 16.0B
- Shares in public float
- 257.7M
- Insider ownership
- 0.37%
Reporting & identifiers
- Symbol
- ITW.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US4523081093
- Asset ID
- equity_6f6d0be0-524d-52a8-bb11-f60b25a783a8
Ownership
Shares Outstanding
Latest: 287.0M | Max: 342.1M | Min: 287.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
89.80%
257.7M latest reported shares
Insider Ownership
0.37%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 342,100,000 |
| 2018-01-01 | 331,600,000 |
| 2019-01-01 | 322,900,000 |
| 2020-01-01 | 318,100,000 |
| 2021-01-01 | 315,000,000 |
| 2022-01-01 | 307,900,000 |
| 2023-01-01 | 301,100,000 |
| 2024-01-01 | 295,800,000 |
| 2025-01-01 | 290,200,000 |
| 2026-01-01 | 287,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Briar Hall Management LLC | 25,835,543 | 9.07% | 2026-03-31 |
| BlackRock Inc | 23,373,694 | 8.21% | 2026-03-31 |
| State Farm Mutual Automobile Ins Co | 21,029,900 | 7.38% | 2026-06-30 |
| Vanguard Capital Management, LLC | 17,427,220 | 6.12% | 2026-03-31 |
| State Street Corp | 12,660,481 | 4.45% | 2026-03-31 |
| Northern Trust Corp | 11,201,579 | 3.93% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 8,683,937 | 3.05% | 2026-08-31 |
| Geode Capital Management, LLC | 7,059,288 | 2.48% | 2026-03-31 |
| Vanguard 500 Index Investor | 6,956,024 | 2.44% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 6,795,722 | 2.39% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 5,404,241 | 1.9% | 2026-03-31 |
| Capital Research Global Investors | 4,879,245 | 1.71% | 2026-06-30 |
| Wells Fargo & Co | 4,633,852 | 1.63% | 2026-03-31 |
| Fisher Asset Management, LLC | 3,829,798 | 1.34% | 2026-06-30 |
| The Goldman Sachs Group Inc | 3,638,083 | 1.28% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Illinois Tool Works demonstrates impressive operational resilience, with trailing twelve-month revenue reaching $16.47 billion and operating profit climbing to $4.36 billion. Second-quarter 2026 performance showed notable organic acceleration, driven by double-digit order growth in welding and testing equipment, prompting management to raise full-year earnings guidance to $11.45 per share. However, a deeper look reveals that long-term sales volume has remained essentially flat for a decade, meaning earnings growth has been manufactured primarily through cost cutting and share repurchases. While cash conversion remains healthy near ninety percent of net income, sustainable long-term financial expansion will ultimately require genuine physical product volume growth rather than internal efficiency gains alone.
Illinois Tool Works demonstrates impressive operational resilience, with trailing twelve-month revenue reaching $16.47 billion and operating profit climbing to $4.36 billion. Second-quarter 2026 performance showed notable organic acceleration, driven by double-digit order growth in welding and testing equipment, prompting management to raise full-year earnings guidance to $11.45 per share. However, a deeper look reveals that long-term sales volume has remained essentially flat for a decade, meaning earnings growth has been manufactured primarily through cost cutting and share repurchases. While cash conversion remains healthy near ninety percent of net income, sustainable long-term financial expansion will ultimately require genuine physical product volume growth rather than internal efficiency gains alone.
Revenue, Net Income, and Free Cash Flow
Latest: USD 16.0B | Max: USD 16.1B | Min: USD 1.7B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 23x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability remains best-in-class, with operating margins reaching a record 26.7% in mid-2026 and gross margins defending a strong 44.1%. This outstanding profitability stems from the company's 80/20 strategy, which systematically eliminates low-margin product lines to concentrate manufacturing capacity on its most lucrative customer accounts. While raw material inflation in petroleum resins created a brief forty-basis-point margin drag, proprietary pricing power reliably recovers cost spikes over time. As operating margins approach management's ambitious thirty percent milestone, further gains will become harder to extract without risking customer retention in competitive industrial markets.
Profitability remains best-in-class, with operating margins reaching a record 26.7% in mid-2026 and gross margins defending a strong 44.1%. This outstanding profitability stems from the company's 80/20 strategy, which systematically eliminates low-margin product lines to concentrate manufacturing capacity on its most lucrative customer accounts. While raw material inflation in petroleum resins created a brief forty-basis-point margin drag, proprietary pricing power reliably recovers cost spikes over time. As operating margins approach management's ambitious thirty percent milestone, further gains will become harder to extract without risking customer retention in competitive industrial markets.
Profitability Margins
Latest: 44.1% | Max: 44.1% | Min: 11.8%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
44.1%
Gross profit / revenue
Operating Margin
26.3%
Operating income / revenue
Net Margin
19.1%
Net income / revenue
FCF Margin
16.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 13,599,000,000 | 2,035,000,000 | 2,029,000,000 |
| 2017-12-31 | 14,314,000,000 | 1,687,000,000 | 2,105,000,000 |
| 2018-12-31 | 14,768,000,000 | 2,563,000,000 | 2,447,000,000 |
| 2019-12-31 | 14,109,000,000 | 2,521,000,000 | 2,669,000,000 |
| 2020-12-31 | 12,574,000,000 | 2,109,000,000 | 2,571,000,000 |
| 2021-12-31 | 14,455,000,000 | 2,694,000,000 | 2,261,000,000 |
| 2022-12-31 | 15,932,000,000 | 3,034,000,000 | 1,936,000,000 |
| 2023-12-31 | 16,107,000,000 | 2,957,000,000 | 3,084,000,000 |
| 2024-12-31 | 15,898,000,000 | 3,488,000,000 | 2,844,000,000 |
| 2025-12-31 | 16,044,000,000 | 3,066,000,000 | 2,707,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 23.31 | Trailing four quarters |
| 2024-12-31 | 21.5 | Trailing four quarters |
| 2023-12-31 | 26.67 | Trailing four quarters |
| 2022-12-31 | 22.36 | Annual net income |
| 2021-12-31 | 28.86 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 40.29 | 22.53 | 14.96 | 14.92 |
| 2017-12-31 | 40.51 | 24.41 | 11.79 | 14.71 |
| 2018-12-31 | 40.46 | 24.27 | 17.36 | 16.57 |
| 2019-12-31 | 40.85 | 24.11 | 17.87 | 18.92 |
| 2020-12-31 | 41.35 | 22.92 | 16.77 | 20.45 |
| 2021-12-31 | 41.27 | 24.05 | 18.64 | 15.64 |
| 2022-12-31 | 40.82 | 23.79 | 19.04 | 12.15 |
| 2023-12-31 | 42.16 | 25.08 | 18.36 | 19.15 |
| 2024-12-31 | 43.65 | 26.82 | 21.94 | 17.89 |
| 2025-12-31 | 44.1 | 26.28 | 19.11 | 16.87 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-22.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.