Illinois Tool Works Financial Ratios
NYSE: ITWIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Illinois Tool Works ratio analysis
Illinois Tool Works earned a net margin of 19.1% in FY 2025, down from 21.9% a year earlier. Gross margin was 52.9% compared with a median of 42.0% over the prior 9 years. Return on equity reached 95.0%, meaning Illinois Tool Works generated 0.95 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 2.78 versus 2.37 the year before, and the current ratio was 1.21. At the end of FY 2025, ITW traded at 23.8 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 16.7 to 34.3, with a median of 23.5. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Illinois Tool Works financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 23.78 | 21.54 | 26.89 | 22.55 | 29.00 | 30.75 | 23.14 | 16.73 | 34.33 | 21.48 |
| Price / sales | 4.53 | 4.71 | 4.92 | 4.28 | 5.38 | 5.14 | 4.11 | 2.88 | 4.01 | 3.20 |
| Price / book | 22.54 | 22.57 | 26.31 | 22.08 | 21.45 | 20.30 | 19.15 | 13.08 | 12.51 | 10.21 |
| Gross margin | 52.9% | 52.2% | 50.7% | 48.9% | 41.3% | 41.3% | 42.0% | 41.7% | 42.0% | 41.8% |
| Operating margin | 26.3% | 26.8% | 25.1% | 23.8% | 24.1% | 22.9% | 24.1% | 24.3% | 24.3% | 22.5% |
| Net margin | 19.1% | 21.9% | 18.4% | 19.0% | 18.6% | 16.8% | 17.9% | 17.4% | 11.8% | 15.0% |
| Free cash flow margin | 16.9% | 17.9% | 19.1% | 12.2% | 15.6% | 20.4% | 18.9% | 16.6% | 14.7% | 14.9% |
| Return on equity (ROE) | 95.0% | 105.2% | 98.1% | 98.2% | 74.3% | 66.3% | 83.2% | 78.7% | 36.8% | 47.8% |
| Return on assets (ROA) | 19.0% | 23.1% | 19.1% | 19.7% | 16.8% | 13.5% | 16.7% | 17.2% | 10.1% | 13.4% |
| Debt / equity | 2.78 | 2.37 | 2.71 | 2.51 | 2.12 | 2.55 | 2.56 | 2.27 | 1.81 | 1.84 |
| Current ratio | 1.21 | 1.36 | 1.33 | 1.41 | 1.84 | 2.52 | 2.90 | 1.63 | 2.38 | 2.22 |
| Revenue growth | 0.9% | -1.3% | 1.1% | 10.2% | 15.0% | -10.9% | -4.5% | 3.2% | 5.3% | 1.4% |
| EPS growth | -10.4% | 20.2% | -0.3% | 14.8% | 28.4% | -14.3% | 1.8% | 56.4% | -14.7% | 11.1% |