# Illinois Tool Works Inc: overview

ITW · NYSE · CIK 49826 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/itw.md) · [Financials](/companies/itw/financials.md) · [Filings](/companies/itw/filings.md) · [Insiders](/companies/itw/insiders.md)

Latest reported revenue: [$4.30bn](/filings/0000049826-26-000049.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000049826-26-000049).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,966](/filings/0000049826-25-000057.md) | [3,932 d](/filings/0000049826-26-000008.md) | [3,839](/filings/0000049826-26-000028.md) | [4,053](/filings/0000049826-26-000049.md) | [4,059](/filings/0000049826-25-000057.md) | [4,093 d](/filings/0000049826-26-000008.md) | [4,016](/filings/0000049826-26-000028.md) | [4,301](/filings/0000049826-26-000049.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [26.5%](/filings/0000049826-25-000057.md) | [26.2% d](/filings/0000049826-26-000008.md) | [24.8%](/filings/0000049826-26-000028.md) | [26.4%](/filings/0000049826-26-000049.md) | [27.4%](/filings/0000049826-25-000057.md) | [26.5% d](/filings/0000049826-26-000008.md) | [25.4%](/filings/0000049826-26-000028.md) | [26.7%](/filings/0000049826-26-000049.md) |
| Net margin | % | [29.2%](/filings/0000049826-25-000057.md) | [19.1% d](/filings/0000049826-26-000008.md) | [18.2%](/filings/0000049826-26-000028.md) | [18.6%](/filings/0000049826-26-000049.md) | [20.2%](/filings/0000049826-25-000057.md) | [19.3% d](/filings/0000049826-26-000008.md) | [19.1%](/filings/0000049826-26-000028.md) | [18.9%](/filings/0000049826-26-000049.md) |
| Diluted EPS | $ per share | [3.91](/filings/0000049826-25-000057.md) | not reported | [2.38](/filings/0000049826-26-000028.md) | [2.58](/filings/0000049826-26-000049.md) | [2.81](/filings/0000049826-25-000057.md) | not reported | [2.66](/filings/0000049826-26-000028.md) | [2.84](/filings/0000049826-26-000049.md) |
| Free cash flow | $m | [783 d](/filings/0000049826-25-000057.md) | [996 d](/filings/0000049826-26-000008.md) | [496](/filings/0000049826-26-000028.md) | [449 d](/filings/0000049826-26-000049.md) | [904 d](/filings/0000049826-25-000057.md) | [858 d](/filings/0000049826-26-000008.md) | [528](/filings/0000049826-26-000028.md) | [631 d](/filings/0000049826-26-000049.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [14.5](/filings/0000049826-24-000008.md) | [15.9](/filings/0000049826-25-000007.md) | [16.1](/filings/0000049826-26-000008.md) | [15.9](/filings/0000049826-26-000008.md) | [16.0](/filings/0000049826-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [24.1%](/filings/0000049826-24-000008.md) | [23.8%](/filings/0000049826-25-000007.md) | [25.1%](/filings/0000049826-26-000008.md) | [26.8%](/filings/0000049826-26-000008.md) | [26.3%](/filings/0000049826-26-000008.md) |
| Net margin | % | [18.6%](/filings/0000049826-24-000008.md) | [19.0%](/filings/0000049826-25-000007.md) | [18.4%](/filings/0000049826-26-000008.md) | [21.9%](/filings/0000049826-26-000008.md) | [19.1%](/filings/0000049826-26-000008.md) |
| Diluted EPS | $ per share | [8.51](/filings/0000049826-24-000008.md) | [9.77](/filings/0000049826-25-000007.md) | [9.74](/filings/0000049826-26-000008.md) | [11.71](/filings/0000049826-26-000008.md) | [10.49](/filings/0000049826-26-000008.md) |
| Free cash flow | $bn | [2.3](/filings/0000049826-24-000008.md) | [1.9](/filings/0000049826-25-000007.md) | [3.1](/filings/0000049826-26-000008.md) | [2.8](/filings/0000049826-26-000008.md) | [2.7](/filings/0000049826-26-000008.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/itw/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Briar Hall Management LLC](/funds/1728354.md) | 2026-06-30 | $6.98bn | 25,811,219 |  | Reduced −24,324 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $6.30bn | 23,279,289 |  | Reduced −94,405 |
| [STATE FARM MUTUAL AUTOMOBILE INSURANCE CO](/funds/315032.md) | 2026-06-30 | $5.69bn | 21,029,900 |  | Unchanged |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $4.73bn | 17,483,266 |  | Added +56,046 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $3.48bn | 12,788,570 |  | Added +128,089 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $2.99bn | 11,061,411 |  | Reduced −140,168 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.92bn | 7,084,318 |  | Added +25,030 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.88bn | 6,943,927 |  | Added +148,205 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $1.33bn | 4,899,971 |  | Reduced −504,270 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $1.32bn | 4,879,245 |  | Added +120,954 |

## Recent filings

[All 1,723 filings](/companies/itw/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 09:20 ET | [8-K](/filings/0000049826-26-000057.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000049826-26-000057 |
| 2026-08-13 | 16:05 ET | [8-K](/filings/0001193125-26-349149.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-349149 |
| 2026-08-06 | 15:34 ET | [10-Q](/filings/0000049826-26-000049.md) | Quarterly report, period 2026-06-30 | 0000049826-26-000049 |
| 2026-07-28 | 09:21 ET | [8-K](/filings/0000049826-26-000047.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000049826-26-000047 |
| 2026-05-22 | 16:03 ET | [8-K](/filings/0000049826-26-000033.md) | 5.02 Departure or appointment of officers or directors | 0000049826-26-000033 |
| 2026-05-12 | 16:09 ET | [8-K](/filings/0000049826-26-000030.md) | 5.07 Shareholder vote results | 0000049826-26-000030 |
| 2026-05-07 | 16:05 ET | [10-Q](/filings/0000049826-26-000028.md) | Quarterly report, period 2026-03-31 | 0000049826-26-000028 |
| 2026-04-30 | 09:14 ET | [8-K](/filings/0000049826-26-000025.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000049826-26-000025 |
| 2026-03-27 | 08:00 ET | [DEF 14A](/filings/0001193125-26-127599.md) | Proxy statement, period 2026-05-08 | 0001193125-26-127599 |
| 2026-02-23 | 18:21 ET | [8-K](/filings/0001193125-26-061771.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-061771 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000049826-26-000008.md), filed Feb 13, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/fa12b75d-2636-4218-a9fb-b72208e29864)

## About the filer

- CIK: 49826
- Tickers: ITW
- Exchange: NYSE
- SIC code: 3560 General Industrial Machinery & Equipment
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 09:21 ET. No prices; not investment advice.