Illinois Tool Works Inc
NYSE: ITW · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
Updated 2026-06-05
Illinois Tool Works Inc (ITW) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $13.88B | $15.53B | $15.21B | $16.08B | $16.25B | $17.98B | $19.31B | $19.97B | $17.68B | $15.73B | $15.20B | $16.78B | $14.87B | $15.07B | $15.61B | $16.08B | $15.42B | $15.52B | $15.07B | $16.15B |
| Cash & equivalents | $590.21M | $827.52M | $742.95M | $1.32B | $1.19B | $1.18B | $2.78B | $3.62B | $3.99B | $3.09B | $2.47B | $3.09B | $1.50B | $1.98B | $2.56B | $1.53B | $708.00M | $1.06B | $948.00M | $851.00M |
| Current assets | $5.21B | $6.17B | $5.92B | $5.67B | $5.97B | $6.85B | $7.96B | $9.82B | $8.08B | $6.72B | $6.12B | $7.28B | $5.78B | $6.25B | $6.52B | $6.37B | $6.27B | $6.24B | $5.86B | $6.20B |
| Total liabilities | $4.86B | $6.17B | $7.55B | $7.26B | $6.87B | $7.95B | $8.74B | $10.26B | $10.85B | $10.50B | $10.94B | $12.19B | $11.61B | $12.04B | $12.43B | $12.45B | $12.33B | $12.51B | $11.75B | $12.92B |
| Current liabilities | $2.64B | $2.96B | $4.88B | $2.84B | $3.09B | $2.98B | $2.65B | $6.03B | $3.53B | $2.37B | $2.76B | $3.05B | $3.54B | $2.15B | $2.59B | $3.47B | $4.46B | $4.67B | $4.31B | $5.13B |
| Long-term debt | $955.61M | $1.89B | $1.24B | $2.91B | $2.51B | $3.49B | $4.59B | $2.79B | $5.98B | $6.90B | $7.18B | $7.48B | $6.03B | $7.75B | $7.77B | $6.91B | $6.17B | $6.34B | $6.31B | $6.68B |
| Shareholder equity | $9.02B | $9.35B | $7.66B | $8.81B | $9.37B | $10.02B | $10.56B | $9.70B | $6.82B | $5.22B | $4.25B | $4.58B | $3.25B | $3.03B | $3.18B | $3.63B | $3.09B | $3.01B | $3.32B | $3.23B |
| Retained earnings | $10.41B | $9.88B | $9.20B | $9.52B | $10.40B | $11.79B | $13.97B | $14.94B | $17.17B | $18.32B | $19.50B | $20.21B | $21.22B | $22.40B | $23.11B | $24.32B | $25.80B | $27.12B | $28.89B | $30.15B |
| Accounts receivable | $2.77B | $3.21B | $2.61B | $2.49B | $2.68B | $3.00B | $3.04B | $2.37B | $2.47B | $2.20B | $2.36B | $2.63B | $2.62B | $2.61B | $2.62B | $2.94B | $3.27B | $3.25B | $3.10B | $3.23B |
| Inventory | $1.48B | $1.63B | $1.67B | $1.36B | $1.55B | $1.72B | $1.58B | $1.25B | $1.18B | $1.09B | $1.08B | $1.22B | $1.32B | $1.16B | $1.19B | $1.69B | $2.05B | $1.71B | $1.60B | $1.66B |
| Goodwill | $4.03B | $4.39B | $4.50B | $4.86B | $4.88B | $5.20B | $5.53B | $4.89B | $4.67B | $4.44B | $4.56B | $4.75B | $4.63B | $4.49B | $4.69B | $4.96B | $4.86B | $4.91B | $4.84B | $5.10B |
Frequently asked questions
What is Illinois Tool Works Inc's revenue?
Illinois Tool Works Inc's trailing twelve-month revenue is $16.22B, and consensus projects about $19.02B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is ITW?
In its most recent fiscal year, ITW ran a gross margin of 44.10%, an operating margin of 26.28%, and a net margin of 19.11%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does ITW generate?
ITW produced $2.71B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ITW's balance sheet healthy?
ITW holds $851.00M in cash and equivalents against $6.68B in long-term debt, on $3.23B of shareholder equity. That debt is best read against the cash flow the business throws off each year.