Illinois Tool Works Inc.
ITWShares moving after ITW reported Q2 2026 revenue of $4.02B (+5%), operating margin 25.4% (up 60 bps) and GAAP EPS up 12%, and declared a $1.61 quarterly dividend.
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View AllIllinois Tool Works Inc. is a global enterprise specializing in the production and distribution of a wide array of industrial goods and specialized equipment. The company operates through seven distinct divisions: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM division supplies plastic and metal components, various fastening solutions, and integrated assemblies for automobiles, light-duty trucks, and other industrial applications. Its Food Equipment segment delivers commercial kitchen appliances for washing, refrigeration, cooking, and food processing, alongside comprehensive kitchen exhaust, ventilation, and pollution control systems, and offers related maintenance and repair services. The Test & Measurement and Electronics unit manufactures and sells machinery, expendable supplies, and accompanying software designed for assessing materials and structural integrity, in addition to equipment and consumables critical for the creation of electronic subassemblies and microelectronic components. The Welding division focuses on arc welding apparatus, coupled with metal arc welding consumables and associated accessories. The Polymers & Fluids segment produces adhesives, sealing compounds, lubrication and cutting fluids, and various fluids and polymers intended for automotive aftermarket upkeep and cosmetic purposes. The Construction Products segment provides purpose-engineered fastening systems and comprehensive solutions for new housing, renovation projects, and commercial building industries. Lastly, the Specialty Products segment delivers machinery and supplies for beverage packaging, equipment and expendables for product identification and marking, and specialized components and fasteners for appliances. ITW's broad clientele encompasses sectors such as automotive original equipment manufacturers (OEMs) and their suppliers, the commercial food service industry, construction companies, general industrial enterprises, and the automotive aftermarket. The corporation distributes its offerings directly to industrial manufacturers and via an extensive network of independent distributors. Established in 1912, Illinois Tool Works Inc. is headquartered in Glenview, Illinois.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.90B | $16.11B | $15.93B | $14.46B | $12.57B | $14.11B | $14.77B | $14.31B |
| Cost of Revenue | $8.96B | $9.43B | $9.56B | $8.62B | $7.53B | $8.35B | $8.79B | $8.52B |
| Gross Profit | $6.94B | $6.68B | $6.37B | $5.83B | $5.04B | $5.76B | $5.97B | $5.80B |
| Gross Margin | 43.65% | 41.46% | 39.98% | 40.35% | 40.12% | 40.85% | 40.46% | 40.51% |
| Operating Expenses | $2.67B | $2.64B | $2.58B | $2.36B | $2.16B | $2.36B | $2.39B | $2.31B |
| Operating Income | $4.26B | $4.04B | $3.79B | $3.48B | $2.88B | $3.40B | $3.58B | $3.49B |
| Operating Margin | 26.82% | 25.08% | 23.79% | 24.05% | 22.92% | 24.11% | 24.27% | 24.41% |
| Net Income | $3.49B | $2.96B | $3.03B | $2.69B | $2.11B | $2.52B | $2.56B | $1.69B |
| Net Margin | 21.94% | 18.36% | 19.04% | 18.64% | 16.77% | 17.87% | 17.36% | 11.79% |
| EPS (Basic) | $11.75 | $9.77 | $9.80 | $8.55 | $6.66 | $7.78 | $7.65 | $4.90 |
| EBITDA | $5.11B | $4.48B | $4.46B | $3.94B | $3.34B | $3.94B | $4.11B | $3.99B |
| Stock Option Compensation Expense | $61.00M | $69.00M | $63.00M | $53.00M | $42.00M | $41.00M | $40.00M | $36.00M |
| Price To Earnings Ratio | 21.58 | 26.81 | 22.48 | 28.87 | 30.64 | 23.08 | 16.56 | 34.03 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $75.26B | $79.26B | $68.20B | $77.77B | $64.61B | $58.18B | $42.44B | $57.41B |