Illinois Tool Works (ITW): financials, SEC filings and peers

Illinois Tool Works (ITW) is an industrial machinery & supplies & components company in the Industrials sector of the S&P 500, headquartered in Glenview, Illinois.

It was founded in 1912 and joined the S&P 500 on February 28, 1986.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “General Industrial Machinery & Equipment”.

Illinois Tool Works at a glance

Revenue (12 months): $16.6B
Revenue growth: +4.8%
Operating margin: 26.6%
Net income (12 months): $3.2B
Free cash flow (12 months): $2.9B
Cash: $809M
Debt: $9.4B
Diluted EPS (12 months): $11.22

Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Illinois Tool Works reported revenue of $16.6 billion, about the same as a year earlier (+4.8%).

Its operating margin was 26.6%: for every $100 of sales, about $27 was left as operating profit.

Net income was $3.2 billion (19.4% of revenue), 6.7% higher than a year earlier.

Operating cash flow was $3.3 billion and capital spending $394 million, leaving free cash flow of $2.9 billion (17.2% of revenue).

At the end of the period it held $809 million in cash and $9.4 billion in debt, a net debt position of $8.6 billion.

The diluted share count fell 2.2% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $12.6 billion in fiscal 2020 to $16.0 billion in fiscal 2025, about 5.0% a year.
Operating margin widened from 22.9% to 26.3% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$14.5B	$15.9B	$16.1B	$15.9B	$16.0B
Revenue growth	15.0%	10.2%	1.1%	-1.3%	0.9%
Operating margin	24.1%	23.8%	25.1%	26.8%	26.3%
Net income	$2.7B	$3.0B	$3.0B	$3.5B	$3.1B
Free cash flow	$2.3B	$1.9B	$3.1B	$2.8B	$2.7B
Diluted EPS	$8.51	$9.77	$9.74	$11.71	$10.49

Fiscal years as reported in Illinois Tool Works’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed October 28, 2026 — quarterly report
8-K filed October 27, 2026 — Earnings results
8-K filed August 13, 2026 — Other event
10-Q filed August 6, 2026 — quarterly report
8-K filed July 28, 2026 — Earnings results
8-K filed May 22, 2026 — Executive or director change
8-K filed May 12, 2026 — Shareholder vote results
10-Q filed May 7, 2026 — quarterly report

All Illinois Tool Works filings on SEC EDGAR

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Questions about Illinois Tool Works

Is Illinois Tool Works's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $16.6 billion, up 4.8% from a year earlier, according to its SEC filings.

Is Illinois Tool Works profitable?

Yes. It earned $3.2 billion in net income over the twelve months to September 30, 2026, a net margin of 19.4%.

Does Illinois Tool Works have more cash or more debt?

At September 30, 2026 it had $809 million in cash and $9.4 billion in debt, so more debt than cash.

When did Illinois Tool Works last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 28, 2026.

Which companies are similar to Illinois Tool Works?

In the S&P 500, Illinois Tool Works is grouped in Industrial Machinery & Supplies & Components within the Industrials sector. Dover Corporation (DOV), Fortive (FTV), W. W. Grainger (GWW), Hubbell Incorporated (HUBB), IDEX Corporation (IEX) are in the same group.

Understand the numbers

Source: Illinois Tool Works’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.