Illinois Tool Works ITW Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 44.1%0.0pp | 44.1%+0.2pp | 43.9%+0.2pp | 43.7%0.0pp | 43.7%-0.6pp | |
| Operating margin | 26.4%+0.1pp | 26.3%+0.1pp | 26.2%+0.2pp | 26%0.0pp | 25.9%-0.9pp | |
| Net margin | 19.3%+0.2pp | 19.1%+0.1pp | 19.1%-2.3pp | 21.3%-0.1pp | 21.4%-0.6pp | |
| EBITDA margin | 28.4%+0.2pp | 28.3%+0.1pp | 28.2%+0.2pp | 27.9%+0.1pp | 27.9%-0.9pp | |
| Free cash flow margin | 16.9%0.0pp | 16.9%-1.0pp | 17.9%+0.7pp | 17.3%-0.8pp | 18.1%+0.2pp | |
| Returns | ||||||
| Return on assets | 19.8%+0.1pp | 19.6%+0.7pp | 18.9%-2.3pp | 21.3%-0.8pp | 22.1%-0.7pp | |
| Efficiency | ||||||
| Asset turnover | 1×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | |
| Inventory turnover | 5.3×-0.1× | 5.5×+0.5× | 5×0.0× | 5×-0.1× | 5.1×-0.3× | |
| Liquidity | ||||||
| Current ratio | 1.2×0.0× | 1.2×-0.3× | 1.5×-0.1× | 1.6×0.0× | 1.6×+0.2× | |
| Quick ratio | 0.9×0.0× | 0.9×-0.2× | 1.1×0.0× | 1.2×0.0× | 1.2×+0.2× | |
| Cash ratio | 0.2×0.0× | 0.2×-0.1× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Leverage | ||||||
| Debt-to-assets | 0.4×-0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Net debt / EBITDA | 1.3×-0.3× | 1.6×+0.1× | 1.5×-0.1× | 1.6×+0.1× | 1.5×+0.1× | |
| Interest coverage | 14.4×0.0× | 14.4×-0.2× | 14.6×-0.1× | 14.7×+0.1× | 14.6×-0.5× | |
| Valuation | ||||||
| Market capitalization | $74.98B+4.9% | $71.45B-6.0% | $76.01B+5.4% | $72.11B-0.9% | $72.76B-2.8% | |
| Enterprise value | $80.76B+2.8% | $78.52B-5.1% | $82.76B+4.7% | $79.02B-0.2% | $79.17B-2.5% | |
| Price / earnings | 23.9×+0.6× | 23.3×-1.8× | 25.1×+3.7× | 21.4×-0.2× | 21.6×+0.1× | |
| Price / sales | 4.6×+0.2× | 4.5×-0.3× | 4.8×+0.2× | 4.6×0.0× | 4.6×-0.1× | |
| EV / EBITDA | 17.5×+0.2× | 17.3×-1.2× | 18.5×+0.6× | 17.9×-0.1× | 18×+0.2× | |
| EV / sales | 5×+0.1× | 4.9×-0.3× | 5.2×+0.2× | 5×0.0× | 5×-0.1× | |
| Free cash flow yield | 3.7%-0.1pp | 3.8%0.0pp | 3.7%0.0pp | 3.8%-0.1pp | 3.9%+0.1pp | |
| Earnings yield | 4.2%-0.1pp | 4.3%+0.3pp | 4%-0.7pp | 4.7%0.0pp | 4.6%0.0pp | |
| Dividend yield | 2.4%-0.1pp | 2.5%+0.2pp | 2.3%-0.1pp | 2.4%+0.1pp | 2.4%+0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Illinois Tool Works's profit margins?
- Illinois Tool Works (ITW) runs a 44.1% gross margin and a 26.4% operating margin, with a 19.3% net margin.
- Where do Illinois Tool Works's ratios come from?
- Every ratio is computed from Illinois Tool Works's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
