ITWIllinois Tool Works

Industrials · Industrial Machinery · NYSE

ITW and 9 peers, year by year

The 9 Industrials companies closest to ITW in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

5 years 10 years Download CSV

Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
ITW Illinois Tool Works	FY2025	$16.0B	+0.9%	-	26.3%	19.1%	16.9%	95.0%	2.78
URI United Rentals	FY2025	$16.1B	+3.0%	38.2%	24.7%	15.5%	-	27.8%	1.77
LDOS Leidos	FY2025	$17.2B	+3.2%	-	12.3%	8.4%	9.5%	29.5%	0.95
TXT Textron	FY2025	$14.8B	+8.0%	-	-	6.2%	6.3%	11.7%	-
SWK Stanley Black & Decker	FY2025	$15.1B	−1.5%	-	-	2.7%	4.5%	4.4%	0.65
OTIS Otis Worldwide	FY2025	$14.4B	+1.2%	-	14.8%	9.6%	10.0%	n/m	n/m
CHRW C.H. Robinson	FY2025	$16.2B	−8.4%	-	4.9%	3.6%	5.5%	31.8%	0.59
CSX CSX Corporation	FY2025	$14.1B	−3.1%	-	32.1%	20.5%	12.1%	22.0%	1.43
EMR Emerson Electric	FY2026	$19.0B	+5.4%	53.4%	-	14.2%	18.6%	13.0%	0.59
J Jacobs Solutions	FY2025	$12.0B	+4.6%	24.8%	7.2%	2.4%	5.0%	7.9%	0.61

Revenuepeer median $15.1B

Sales growthpeer median +3.0%

Gross marginpeer median 38.2%

EMR 53.4%
URI 38.2%
J 24.8%
ITW -
LDOS -
TXT -
SWK -
OTIS -
CHRW -
CSX -

Operating marginpeer median 13.5%

CSX 32.1%
ITW 26.3%
URI 24.7%
OTIS 14.8%
LDOS 12.3%
J 7.2%
CHRW 4.9%
TXT -
SWK -
EMR -

Net marginpeer median 8.4%

FCF marginpeer median 7.9%

Return on equitypeer median 17.5%

Debt / equitypeer median 0.65

ITW 2.78
URI 1.77
CSX 1.43
LDOS 0.95
SWK 0.65
J 0.61
CHRW 0.59
EMR 0.59
TXT -
OTIS n/m

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	$13.6B	$14.3B	$14.8B	$14.1B	$12.6B	$14.5B	$15.9B	$16.1B	$15.9B	$16.0B
URI Dec	$5.8B	$6.6B	$8.0B	$9.4B	$8.5B	$9.7B	$11.6B	$14.3B	$15.3B	$16.1B
LDOS Jan	$7.0B	$10.2B	$10.2B	$11.1B	$12.3B	$13.7B	$14.4B	$15.4B	$16.7B	$17.2B
TXT Jan	$13.8B	$14.2B	$14.0B	$13.6B	$11.7B	$12.4B	$12.9B	$13.7B	$13.7B	$14.8B
SWK Jan	$11.6B	$14.0B	-	$12.9B	$12.8B	$15.3B	$16.9B	$15.8B	$15.4B	$15.1B
OTIS Dec	-	-	$12.9B	$13.1B	$12.8B	$14.3B	$13.7B	$14.2B	$14.3B	$14.4B
CHRW Dec	$13.1B	$14.9B	$16.6B	$15.3B	$16.2B	$23.1B	$24.7B	$17.6B	$17.7B	$16.2B
CSX Dec	$11.1B	$11.4B	$12.2B	$11.9B	$10.6B	$12.5B	$14.9B	$14.7B	$14.5B	$14.1B
EMR Sep	$14.5B	$15.3B	$17.4B	$18.4B	$16.8B	$12.9B	$13.8B	$15.2B	$17.5B	$18.0B
J Sep	$11.0B	$10.0B	$15.0B	$12.7B	$13.6B	$14.1B	$9.8B	$10.9B	$11.5B	$12.0B
Peer median	$11.3B	$12.7B	$13.4B	$12.9B	$12.8B	$13.7B	$13.8B	$14.7B	$15.3B	$15.1B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	+1.4%	+5.3%	+3.2%	−4.5%	−10.9%	+15.0%	+10.2%	+1.1%	−1.3%	+0.9%
URI Dec	−0.9%	+15.3%	+21.2%	+16.2%	−3.3%	+13.1%	+10.9%	+35.7%	+5.7%	+3.0%
LDOS Jan	-	+44.4%	+0.2%	+7.7%	+11.1%	+11.6%	+4.9%	+7.4%	+8.1%	+3.2%
TXT Jan	+2.7%	+3.0%	−1.6%	−2.4%	−14.5%	+6.3%	+3.9%	+6.3%	+0.1%	+8.0%
SWK Jan	+2.1%	+7.8%	-	+3.3%	+1.1%	+19.9%	+10.9%	−6.9%	−2.6%	−1.5%
OTIS Dec	-	-	-	+1.6%	−2.8%	+12.1%	−4.3%	+3.8%	+0.4%	+1.2%
CHRW Dec	−2.5%	+13.1%	+11.8%	−7.9%	+5.9%	+42.5%	+6.9%	−28.7%	+0.7%	−8.4%
CSX Dec	−6.3%	+3.1%	+7.4%	−2.6%	−11.3%	+18.3%	+18.6%	−1.3%	−0.8%	−3.1%
EMR Sep	-	+5.1%	+14.0%	+5.5%	−8.6%	+8.6%	+6.7%	+9.9%	+15.3%	+3.0%
J Sep	−9.5%	−8.6%	+67.1%	+20.4%	+6.5%	+3.9%	+5.9%	+10.9%	+6.0%	+4.6%
Peer median	−1.7%	+6.5%	+11.8%	+3.3%	−2.8%	+12.1%	+6.7%	+6.3%	+0.7%	+3.0%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	-	-	-	-	-	-	-	-	-	-
URI Dec	41.7%	41.7%	41.8%	39.2%	37.3%	39.7%	42.9%	40.6%	40.1%	38.2%
LDOS Jan	-	-	-	-	-	-	-	-	-	-
TXT Jan	-	-	-	-	-	-	-	-	-	-
SWK Jan	36.8%	34.7%	-	37.2%	34.6%	33.3%	25.3%	-	-	-
OTIS Dec	-	-	-	-	-	-	-	-	-	-
CHRW Dec	-	-	-	-	-	-	-	-	-	-
CSX Dec	-	-	-	-	-	-	-	-	-	-
EMR Sep	43.1%	42.0%	42.7%	42.5%	41.8%	58.5%	45.7%	49.0%	50.8%	52.8%
J Sep	16.1%	12.6%	14.4%	19.4%	19.1%	21.6%	26.4%	25.0%	24.6%	24.8%
Peer median	39.3%	38.2%	41.8%	38.2%	35.9%	36.5%	34.6%	40.6%	40.1%	38.2%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	22.5%	24.3%	24.3%	24.1%	22.9%	24.1%	23.8%	25.1%	26.8%	26.3%
URI Dec	24.6%	22.7%	24.2%	23.0%	21.1%	23.4%	27.8%	26.7%	26.5%	24.7%
LDOS Jan	5.9%	5.5%	7.3%	8.2%	8.1%	8.4%	7.6%	4.0%	11.0%	12.3%
TXT Jan	-	-	-	-	-	-	-	-	-	-
SWK Jan	15.8%	13.5%	-	15.4%	17.1%	-	-	-	-	-
OTIS Dec	-	-	14.2%	13.8%	12.8%	14.7%	14.9%	15.4%	14.1%	14.8%
CHRW Dec	6.4%	5.2%	5.5%	5.2%	4.2%	4.7%	5.1%	2.9%	3.8%	4.9%
CSX Dec	30.8%	32.6%	39.7%	41.6%	41.2%	44.7%	40.1%	37.5%	36.1%	32.1%
EMR Sep	-	-	-	-	-	-	-	-	-	-
J Sep	3.1%	2.4%	2.6%	3.2%	4.0%	4.9%	5.5%	6.2%	6.0%	7.2%
Peer median	11.1%	9.5%	10.8%	13.8%	12.8%	11.6%	11.2%	10.8%	12.5%	13.5%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	15.0%	11.8%	17.4%	17.9%	16.8%	18.6%	19.0%	18.4%	21.9%	19.1%
URI Dec	9.8%	20.3%	13.6%	12.6%	10.4%	14.3%	18.1%	16.9%	16.8%	15.5%
LDOS Jan	3.5%	3.6%	5.7%	6.0%	5.1%	5.5%	4.8%	1.3%	7.5%	8.4%
TXT Jan	7.0%	2.2%	8.7%	6.0%	2.7%	6.0%	6.7%	6.7%	6.0%	6.2%
SWK Jan	8.3%	4.3%	-	7.4%	9.7%	11.1%	6.3%	−2.0%	1.9%	2.7%
OTIS Dec	-	-	8.1%	8.5%	7.1%	8.7%	9.2%	9.9%	11.5%	9.6%
CHRW Dec	3.9%	3.4%	4.0%	3.8%	3.1%	3.7%	3.8%	1.8%	2.6%	3.6%
CSX Dec	15.5%	48.0%	27.0%	27.9%	26.1%	30.2%	27.7%	25.0%	23.9%	20.5%
EMR Sep	11.3%	9.9%	12.7%	12.6%	11.7%	17.8%	23.4%	87.2%	11.3%	12.6%
J Sep	1.9%	2.9%	1.1%	6.7%	3.6%	3.4%	6.6%	6.1%	7.0%	2.4%
Peer median	7.7%	4.0%	8.4%	7.4%	7.1%	8.7%	6.7%	6.7%	7.5%	8.4%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	$2.0B	$2.1B	$2.4B	$2.7B	$2.6B	$2.3B	$1.9B	$3.1B	$2.8B	$2.7B
URI Dec	$1.8B	$2.1B	$2.7B	$2.8B	$2.5B	$491.0M	$743.0M	$840.0M	$416.0M	-
LDOS Jan	$420.0M	$445.0M	$695.0M	$871.0M	$1.2B	$929.0M	$863.0M	$980.0M	$1.3B	$1.6B
TXT Jan	$479.0M	$513.0M	$738.0M	$675.0M	$451.0M	$1.2B	$1.1B	$864.0M	$650.0M	$929.0M
SWK Jan	$838.5M	$768.8M	-	$1.1B	$1.7B	$144.0M	−$2.0B	$852.6M	$753.0M	$687.9M
OTIS Dec	-	-	$1.4B	$1.3B	$1.3B	$1.6B	$1.4B	$1.5B	$1.4B	$1.4B
CHRW Dec	$456.0M	$343.9M	$747.9M	$799.1M	$476.1M	$60.8M	$1.6B	$702.0M	$486.4M	$894.9M
CSX Dec	$643.0M	$1.4B	$2.9B	$3.2B	$2.6B	$3.3B	$3.4B	$3.3B	$2.7B	$1.7B
EMR Sep	$2.4B	$1.4B	$2.3B	$2.4B	$2.5B	$3.2B	$2.6B	$274.0M	$2.9B	$2.7B
J Sep	$612.5M	$456.8M	$386.3M	−$502.4M	$688.6M	$633.5M	$347.1M	$837.3M	$933.6M	$607.5M
Peer median	$627.7M	$640.9M	$1.1B	$1.1B	$1.3B	$929.0M	$1.1B	$852.6M	$933.6M	$1.2B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	14.9%	14.7%	16.6%	18.9%	20.4%	15.6%	12.2%	19.1%	17.9%	16.9%
URI Dec	32.1%	31.5%	33.2%	30.0%	28.9%	5.1%	6.4%	5.9%	2.7%	-
LDOS Jan	6.0%	4.4%	6.8%	7.9%	9.4%	6.8%	6.0%	6.3%	7.7%	9.5%
TXT Jan	3.5%	3.6%	5.3%	5.0%	3.9%	9.9%	8.8%	6.3%	4.7%	6.3%
SWK Jan	7.2%	5.5%	-	8.4%	13.1%	0.9%	−11.7%	5.4%	4.9%	4.5%
OTIS Dec	-	-	10.7%	10.1%	10.2%	11.1%	10.6%	10.5%	10.1%	10.0%
CHRW Dec	3.5%	2.3%	4.5%	5.2%	2.9%	0.3%	6.4%	4.0%	2.7%	5.5%
CSX Dec	5.8%	12.6%	23.6%	26.7%	24.9%	26.4%	23.0%	22.2%	18.7%	12.1%
EMR Sep	16.8%	9.4%	13.1%	13.1%	15.2%	24.5%	19.0%	1.8%	16.7%	14.8%
J Sep	5.6%	4.6%	2.6%	−3.9%	5.1%	4.5%	3.5%	7.7%	8.1%	5.0%
Peer median	5.9%	5.0%	8.7%	8.4%	10.2%	6.8%	6.4%	6.3%	7.7%	7.9%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	47.8%	36.8%	78.7%	83.2%	66.3%	74.3%	98.2%	98.1%	105.2%	95.0%
URI Dec	34.3%	43.3%	32.2%	30.7%	19.6%	23.1%	29.8%	29.8%	29.9%	27.8%
LDOS Jan	7.8%	10.9%	17.6%	19.5%	16.3%	17.5%	15.9%	4.7%	28.4%	29.5%
TXT Jan	17.3%	5.4%	23.5%	14.8%	5.3%	10.9%	12.1%	13.2%	11.4%	11.7%
SWK Jan	15.2%	7.7%	-	10.5%	11.2%	14.6%	10.9%	−3.4%	3.4%	4.4%
OTIS Dec	-	-	52.1%	65.6%	n/m	n/m	n/m	n/m	n/m	n/m
CHRW Dec	40.8%	35.4%	41.7%	34.5%	26.9%	41.8%	69.5%	22.9%	27.0%	31.8%
CSX Dec	14.7%	37.2%	26.3%	28.1%	21.1%	28.1%	33.0%	30.6%	27.7%	22.0%
EMR Sep	21.6%	17.4%	24.6%	28.0%	23.4%	23.3%	31.2%	63.9%	9.1%	11.2%
J Sep	4.9%	6.6%	2.8%	14.8%	8.5%	8.0%	10.6%	10.2%	17.7%	7.9%
Peer median	16.2%	14.1%	25.5%	28.0%	17.9%	20.3%	22.9%	18.0%	22.4%	16.8%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	1.84	1.81	2.26	2.56	2.55	2.12	2.51	2.71	2.37	2.78
URI Dec	5.12	3.30	3.74	3.27	2.30	1.78	1.64	1.60	1.70	1.77
LDOS Jan	1.05	0.92	0.94	0.87	1.23	1.09	1.07	1.11	1.06	0.95
TXT Jan	-	-	-	-	-	-	-	-	-	-
SWK Jan	0.60	0.54	-	0.38	0.38	0.57	0.77	0.79	0.70	0.65
OTIS Dec	-	-	-	0.00	n/m	n/m	n/m	n/m	n/m	n/m
CHRW Dec	0.99	1.03	0.84	0.74	0.58	0.95	1.46	1.11	0.80	0.59
CSX Dec	0.97	0.80	1.17	1.37	1.27	1.22	1.45	1.55	1.48	1.43
EMR Sep	0.88	0.53	0.53	0.69	0.89	0.67	1.00	0.39	0.36	0.65
J Sep	0.09	0.05	0.37	0.21	0.29	0.50	0.56	0.44	0.49	0.61
Peer median	0.97	0.80	0.89	0.72	0.89	0.95	1.07	1.11	0.80	0.65

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ITW Dec	$5.70	$4.86	$7.60	$7.74	$6.63	$8.51	$9.77	$9.74	$11.71	$10.49
URI Dec	$6.45	$15.73	$13.12	$15.11	$12.20	$19.04	$29.65	$35.28	$38.69	$38.61
LDOS Jan	$2.35	$2.38	$3.80	$4.60	$4.36	$5.27	$4.96	$1.44	$9.22	$11.14
TXT Jan	$3.53	$1.14	$4.83	-	-	$3.30	$4.01	$4.56	$4.33	$5.11
SWK Jan	$6.53	$3.85	-	$6.11	$7.46	$10.16	$6.76	−$2.07	$1.95	$2.65
OTIS Dec	-	-	$2.42	$2.55	$2.08	$2.89	$2.96	$3.39	$4.07	$3.50
CHRW Dec	$3.59	$3.57	$4.73	$4.19	$3.72	$6.31	$7.40	$2.72	$3.86	$4.83
CSX Dec	$0.60	$2.00	$1.28	$1.39	$1.20	$1.68	$1.92	$1.82	$1.79	$1.54
EMR Sep	$2.52	$2.35	$3.46	$3.71	$3.24	$3.82	$5.41	$22.88	$3.44	$4.00
J Sep	$1.73	$2.42	$1.18	$6.08	$3.71	$3.20	$4.98	$5.30	$6.32	$2.38
Peer median	$3.02	$2.40	$3.63	$4.39	$3.71	$3.82	$4.98	$3.39	$4.07	$4.00

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out ITW and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Next Industry numbers →

Work on ITW in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ITW/export.csv") into a cell.