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Illinois Tool Works ITW Free cash flow margin

Other financials

Income statement

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Revenue$4.0B+4.6%
Gross profit$1.8B+4.9%
Operating income$1.0B+7.3%
Net income$768.0M+9.7%
EPS (diluted)$2.66+11.8%

Balance sheet

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Cash & equivalents$827.0M-5.3%
Total debt$6.6B-9.3%
Total assets$16.3B+5.1%

Cash flow

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Operating cash flow$623.0M+5.2%
CapEx$95.0M-1.0%
Free cash flow$528.0M+6.5%

Valuation

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Market cap$75.41B+3.1%
Enterprise value$81.19B+2.0%
P/E24.1×+2.3×
P/S4.7×0.0×

Profitability

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Gross margin44.1%+0.4pp
Operating margin26.4%+0.5pp
Net margin19.3%-2.1pp

Returns & leverage

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Current ratio1.2×-0.4×

Where this comes from

Calculated from Illinois Tool Works’s reported figures.

Based on trailing twelve months.

The official record: Illinois Tool Works’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illinois Tool Works's free cash flow margin?
Illinois Tool Works (ITW) reported free cash flow margin of 16.9% in Q1 2026.
How has Illinois Tool Works's free cash flow margin changed year-over-year?
Illinois Tool Works's free cash flow margin decreased by 6.5% year-over-year, from 18.1% to 16.9%.
What is the long-term trend for Illinois Tool Works's free cash flow margin?
Over 4 years (2021 to 2025), Illinois Tool Works's free cash flow margin has grown at a 0.7% compound annual growth rate (CAGR), from 68.2% to 70.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.