PerpEquities

Equity · Industrials

Is Illinois Tool Works (ITW) tradable as a perp? Not yet

Illinois Tool Works (ITW) is a global industrial company making engineered fasteners, food equipment, welding gear, and testing systems across seven divisions.

Not yet listed on any perp exchange

No perpetual-futures venue lists ITW yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 1h ago
Market cap
$77B
Updated 1h ago
Revenue
$16.5B
Trailing 12 months
Revenue growth
+5%
Next fiscal year
Profit margin
+19.4%
P/E
24.2
Peer P/E 30.4
Free cash flow
$2.9B
Trailing 12 months
More metrics
Net income
$3.2B
Trailing 12 months
P/S
4.7
Peer P/E
30.4
Similar listed perps
Revenue estimate
$16.8B
Next fiscal year
Earnings
2026-10-23
Revenue est. $4.3B · Updated 1h ago
Dividend
$1.72
2026-09-30

Fundamental detail

Annual + quarterly
Latest revenue$16B
Net margin+19.1%
Free cash flow$2.7B
Net debt$8.1B
2020$12.6B
2021$14.5B
2022$15.9B
2023$16.1B
2024$15.9B
2025$16B
PeriodRevenueGrowthNet incomeFCF
2020$12.6B-11%$2.1B$2.6B
2021$14.5B+15%$2.7B$2.3B
2022$15.9B+10%$3B$1.9B
2023$16.1B+1%$3B$3.1B
2024$15.9B-1%$3.5B$2.8B
2025$16B+1%$3.1B$2.7B
PeriodGross marginOperating marginNet marginROEROA
2020+40.1%+22.9%+16.8%+66.3%+13.5%
2021+40.4%+24.1%+18.6%+74.3%+16.8%
2022+40.0%+23.8%+19.0%+98.3%+19.7%
2023+41.5%+25.1%+18.4%+98.2%+19.1%
2024+43.6%+26.8%+21.9%+105.2%+23.1%
2025+44.1%+26.3%+19.1%+95.1%+19.0%
PeriodCashDebtNet debtCurrent ratio
2020$2.6B$8.3B$5.7B2.52
2021$1.5B$7.9B$6.4B1.84
2022$708M$7.9B$7.2B1.41
2023$1.1B$8.4B$7.3B1.33
2024$948M$8.1B$7.1B1.36
2025$851M$9B$8.1B1.21
PeriodMarket capEnterprise valueP/SP/E
2020$64.6B$70.4B5.130.6
2021$77.8B$84.1B5.428.9
2022$68.2B$75.4B4.322.5
2023$79.3B$86.6B4.926.8
2024$75.3B$82.4B4.721.6
2025$72B$80.1B4.523.4
Q3 2024$4B
Q4 2024$3.9B
Q1 2025$3.8B
Q2 2025$4.1B
Q3 2025$4.1B
Q4 2025$4.1B
Q1 2026$4B
Q2 2026$4.3B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$4B-2%$1.2B$783M
Q4 2024$3.9B-1%$750M$996M
Q1 2025$3.8B-3%$700M$496M
Q2 2025$4.1B+1%$755M$449M
Q3 2025$4.1B+2%$821M$904M
Q4 2025$4.1B+4%$790M$858M
Q1 2026$4B+5%$768M$528M
Q2 2026$4.3B+6%$815M$631M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+43.1%+26.5%+29.2%+34.2%+7.3%
Q4 2024+42.9%+26.2%+19.1%+22.6%+5.0%
Q1 2025+43.2%+24.8%+18.2%+21.6%+4.5%
Q2 2025+44.0%+26.4%+18.6%+23.5%+4.7%
Q3 2025+44.5%+27.4%+20.2%+25.6%+5.1%
Q4 2025+44.2%+26.5%+19.3%+24.5%+4.9%
Q1 2026+43.8%+25.4%+19.1%+23.8%+4.7%
Q2 2026+44.1%+26.7%+18.9%+28.2%+4.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$947M$8.3B$7.4B1.36
Q4 2024$948M$8.1B$7.1B1.36
Q1 2025$873M$8.3B$7.4B1.60
Q2 2025$788M$8.9B$8.1B1.59
Q3 2025$924M$8.9B$8B1.53
Q4 2025$851M$9B$8.1B1.21
Q1 2026$827M$9.1B$8.3B1.19
Q2 2026$839M$9.7B$8.9B1.11
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$77.6B$85B19.616.7
Q4 2024$74.7B$81.9B19.024.9
Q1 2025$72.8B$80.2B19.026.1
Q2 2025$72.3B$80.4B17.824.0
Q3 2025$75.8B$83.8B18.723.1
Q4 2025$71.5B$79.6B17.522.6
Q1 2026$75B$83.4B18.724.5
Q2 2026$77.5B$86.3B18.023.7

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.3BQ2 2026
$1.1B$2.2B$3.2B$4.3BQ3 2023: $4BQ4 2023: $4BQ1 2024: $4BQ2 2024: $4BQ3 2024: $4BQ4 2024: $3.9BQ1 2025: $3.8BQ2 2025: $4.1BQ3 2025: $4.1BQ4 2025: $4.1BQ1 2026: $4BQ2 2026: $4.3BQ3 2023Q2 2026
Net income$815MQ2 2026
$290M$580M$870M$1.2BQ3 2023: $772MQ4 2023: $717MQ1 2024: $819MQ2 2024: $759MQ3 2024: $1.2BQ4 2024: $750MQ1 2025: $700MQ2 2025: $755MQ3 2025: $821MQ4 2025: $790MQ1 2026: $768MQ2 2026: $815MQ3 2023Q2 2026
EBITDA$1.2BQ2 2026
$383.8M$767.5M$1.2B$1.5BQ3 2023: $1.2BQ4 2023: $1.1BQ1 2024: $1.2BQ2 2024: $1.2BQ3 2024: $1.5BQ4 2024: $1.2BQ1 2025: $1.1BQ2 2025: $1.2BQ3 2025: $1.2BQ4 2025: $1.2BQ1 2026: $1.1BQ2 2026: $1.2BQ3 2023Q2 2026
Free cash flow$631MQ2 2026
$249M$498M$747M$996MQ3 2023: $856MQ4 2023: $908MQ1 2024: $494MQ2 2024: $571MQ3 2024: $783MQ4 2024: $996MQ1 2025: $496MQ2 2025: $449MQ3 2025: $904MQ4 2025: $858MQ1 2026: $528MQ2 2026: $631MQ3 2023Q2 2026
EPS$2.84Q2 2026
$0.98$1.96$2.93$3.91Q3 2023: $2.55Q4 2023: $2.38Q1 2024: $2.73Q2 2024: $2.54Q3 2024: $3.91Q4 2024: $2.54Q1 2025: $2.38Q2 2025: $2.58Q3 2025: $2.81Q4 2025: $2.72Q1 2026: $2.66Q2 2026: $2.84Q3 2023Q2 2026
Cash / Debt$839MQ2 2026
$2.4B$4.8B$7.3B$9.7BQ3 2023 · Cash: $990MQ3 2023 · Debt: $8.1BQ4 2023 · Cash: $1.1BQ4 2023 · Debt: $8.4BQ1 2024 · Cash: $959MQ1 2024 · Debt: $8.3BQ2 2024 · Cash: $862MQ2 2024 · Debt: $8.5BQ3 2024 · Cash: $947MQ3 2024 · Debt: $8.3BQ4 2024 · Cash: $948MQ4 2024 · Debt: $8.1BQ1 2025 · Cash: $873MQ1 2025 · Debt: $8.3BQ2 2025 · Cash: $788MQ2 2025 · Debt: $8.9BQ3 2025 · Cash: $924MQ3 2025 · Debt: $8.9BQ4 2025 · Cash: $851MQ4 2025 · Debt: $9BQ1 2026 · Cash: $827MQ1 2026 · Debt: $9.1BQ2 2026 · Cash: $839MQ2 2026 · Debt: $9.7BQ3 2023Q2 2026
CashDebt
Profitability+44.1%Q2 2026
+11.3%+22.7%+34.0%+45.4%Q3 2023 · Gross margin: +41.8%Q4 2023 · Gross margin: +41.3%Q1 2024 · Gross margin: +45.4%Q2 2024 · Gross margin: +43.2%Q3 2024 · Gross margin: +43.1%Q4 2024 · Gross margin: +42.9%Q1 2025 · Gross margin: +43.2%Q2 2025 · Gross margin: +44.0%Q3 2025 · Gross margin: +44.5%Q4 2025 · Gross margin: +44.2%Q1 2026 · Gross margin: +43.8%Q2 2026 · Gross margin: +44.1%Q3 2023 · Operating margin: +26.5%Q4 2023 · Operating margin: +24.8%Q1 2024 · Operating margin: +28.4%Q2 2024 · Operating margin: +26.2%Q3 2024 · Operating margin: +26.5%Q4 2024 · Operating margin: +26.2%Q1 2025 · Operating margin: +24.8%Q2 2025 · Operating margin: +26.4%Q3 2025 · Operating margin: +27.4%Q4 2025 · Operating margin: +26.5%Q1 2026 · Operating margin: +25.4%Q2 2026 · Operating margin: +26.7%Q3 2023 · Net margin: +19.2%Q4 2023 · Net margin: +18.0%Q1 2024 · Net margin: +20.6%Q2 2024 · Net margin: +18.8%Q3 2024 · Net margin: +29.2%Q4 2024 · Net margin: +19.1%Q1 2025 · Net margin: +18.2%Q2 2025 · Net margin: +18.6%Q3 2025 · Net margin: +20.2%Q4 2025 · Net margin: +19.3%Q1 2026 · Net margin: +19.1%Q2 2026 · Net margin: +18.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+6.1%Q2 2026
-1.0%+1.4%+3.7%+6.1%Q3 2024: -1.6%Q4 2024: -1.3%Q1 2025: -3.4%Q2 2025: +0.6%Q3 2025: +2.3%Q4 2025: +4.1%Q1 2026: +4.6%Q2 2026: +6.1%Q3 2023Q2 2026
Shares outstanding287MQ2 2026
75.8M151.5M227.3M303MQ3 2023: 303MQ4 2023: 301.1MQ1 2024: 300MQ2 2024: 298.5MQ3 2024: 297MQ4 2024: 295.8MQ1 2025: 294.5MQ2 2025: 292.9MQ3 2025: 291.7MQ4 2025: 290.2MQ1 2026: 289.1MQ2 2026: 287MQ3 2023Q2 2026
Valuation23.7Q2 2026
6.813.720.527.4Q3 2023 · P/E: 22.5Q4 2023 · P/E: 27.4Q1 2024 · P/E: 24.2Q2 2024 · P/E: 22.9Q3 2024 · P/E: 16.7Q4 2024 · P/E: 24.9Q1 2025 · P/E: 26.1Q2 2025 · P/E: 24.0Q3 2025 · P/E: 23.1Q4 2025 · P/E: 22.6Q1 2026 · P/E: 24.5Q2 2026 · P/E: 23.7Q3 2023 · P/S: 17.2Q4 2023 · P/S: 19.7Q1 2024 · P/S: 20.0Q2 2024 · P/S: 17.2Q3 2024 · P/S: 19.6Q4 2024 · P/S: 19.0Q1 2025 · P/S: 19.0Q2 2025 · P/S: 17.8Q3 2025 · P/S: 18.7Q4 2025 · P/S: 17.5Q1 2026 · P/S: 18.7Q2 2026 · P/S: 18.0Q3 2023Q2 2026
P/EP/S
Revenue$16B2025
$4B$8.1B$12.1B$16.1B2018: $14.8B2019: $14.1B2020: $12.6B2021: $14.5B2022: $15.9B2023: $16.1B2024: $15.9B2025: $16B20182025
Net income$3.1B2025
$872M$1.7B$2.6B$3.5B2018: $2.6B2019: $2.5B2020: $2.1B2021: $2.7B2022: $3B2023: $3B2024: $3.5B2025: $3.1B20182025
EBITDA$4.6B2025
$1.3B$2.6B$3.8B$5.1B2018: $4.1B2019: $3.9B2020: $3.3B2021: $3.9B2022: $4.5B2023: $4.5B2024: $5.1B2025: $4.6B20182025
Free cash flow$2.7B2025
$771M$1.5B$2.3B$3.1B2018: $2.4B2019: $2.7B2020: $2.6B2021: $2.3B2022: $1.9B2023: $3.1B2024: $2.8B2025: $2.7B20182025
EPS$10.52025
$2.93$5.86$8.78$11.72018: $7.62019: $7.742020: $6.632021: $8.512022: $9.772023: $9.742024: $11.72025: $10.520182025
Cash / Debt$851M2025
$2.2B$4.5B$6.7B$9B2018 · Cash: $1.5B2018 · Debt: $7.4B2019 · Cash: $2B2019 · Debt: $7.9B2020 · Cash: $2.6B2020 · Debt: $8.3B2021 · Cash: $1.5B2021 · Debt: $7.9B2022 · Cash: $708M2022 · Debt: $7.9B2023 · Cash: $1.1B2023 · Debt: $8.4B2024 · Cash: $948M2024 · Debt: $8.1B2025 · Cash: $851M2025 · Debt: $9B20182025
CashDebt
Profitability+44.1%2025
+11.0%+22.0%+33.1%+44.1%2018 · Gross margin: +40.5%2019 · Gross margin: +40.8%2020 · Gross margin: +40.1%2021 · Gross margin: +40.4%2022 · Gross margin: +40.0%2023 · Gross margin: +41.5%2024 · Gross margin: +43.6%2025 · Gross margin: +44.1%2018 · Operating margin: +24.3%2019 · Operating margin: +24.1%2020 · Operating margin: +22.9%2021 · Operating margin: +24.1%2022 · Operating margin: +23.8%2023 · Operating margin: +25.1%2024 · Operating margin: +26.8%2025 · Operating margin: +26.3%2018 · Net margin: +17.4%2019 · Net margin: +17.9%2020 · Net margin: +16.8%2021 · Net margin: +18.6%2022 · Net margin: +19.0%2023 · Net margin: +18.4%2024 · Net margin: +21.9%2025 · Net margin: +19.1%20182025
Gross marginOperating marginNet margin
Revenue growth+0.9%2025
-4.4%+2.0%+8.5%+15.0%2019: -4.5%2020: -10.9%2021: +15.0%2022: +10.2%2023: +1.1%2024: -1.3%2025: +0.9%20182025
Shares outstanding292.3M2025
84.3M168.6M252.8M337.1M2018: 337.1M2019: 325.6M2020: 318.3M2021: 316.4M2022: 310.7M2023: 303.6M2024: 297.8M2025: 292.3M20182025
Valuation23.42025
7.715.323.030.62018 · P/E: 16.62019 · P/E: 23.12020 · P/E: 30.62021 · P/E: 28.92022 · P/E: 22.52023 · P/E: 26.82024 · P/E: 21.62025 · P/E: 23.42018 · P/S: 2.92019 · P/S: 4.12020 · P/S: 5.12021 · P/S: 5.42022 · P/S: 4.32023 · P/S: 4.92024 · P/S: 4.72025 · P/S: 4.520182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202611.43$16.8B+5%11
FY 202712.32$17.5B+9%11
FY 202813.03$18.1B+13%8
FY 202913.34$18.6B+16%5
FY 203014.08$18.5B+15%5
Q1 20272.74$4.2B+4%3

Company events

6
2026-10-23EarningsActual - / Estimate 2.98-
2026-09-30Dividend$1.72-
2026-07-28EarningsActual 2.84 / Estimate 2.79Beat
2026-06-30Dividend$1.61-
2026-04-30EarningsActual 2.66 / Estimate 2.57Beat
2026-03-31Dividend$1.61-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
NOC$74.8B1.716.7+10.5%3HWM$91B10.048.7+20.5%1GD$95.8B1.721.3+8.2%2VRT$96.6B8.455.5+15.1%13PWR$96.6B2.972.7+4.1%1ROK$47.1B5.239.6+13.4%5SUMIELEC$41.4B1.216.2+7.6%2RKLB$40.5B52.6-252.4-21.5%23

Analyst track record

How the analysts covering ITW have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings59232
Analysts1218
Buy / hold / sell7 / 26 / 2634 / 105 / 93
Upgrades / downgrades / initiations1 / 0 / 05 / 6 / 1
Price targets hit / missed23 / 34 (40%)156 / 69 (69%)
Avg. return after a rating (TipRanks)-1.1%+5.4%
Best / worst call+21.6% / -23.6%+46.2% / -23.6%

After buy calls on this stock: median 21-day move +1.2% vs S&P 500 -2.0% (n = 34)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Joe O'DeaWells Fargo95% hit rate on this stock · 43 targets measuredSelltarget $255May 4, 2026
  2. Tami ZakariaJ.P. Morgan67% hit rate on this stock · 12 targets measuredBuytarget $350Jul 29, 2026
  3. Julian MitchellBarclays25% hit rate on this stock · 12 targets measuredSelltarget $250May 4, 2026

Latest ratings

DateAnalystCallTarget
Jul 29, 2026Steven FisherUBSHoldMaintained$300article ↗
Jul 29, 2026Jamie CookTruist FinancialHoldReiterated$308article ↗
Jul 29, 2026Tami ZakariaJ.P. MorganBuyReiterated$350article ↗
Jul 29, 2026Andrew KaplowitzCitiHoldMaintained$317article ↗
Jul 29, 2026Mircea DobreRobert W. BairdHoldMaintained$297article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$250$260$270$280$290Oct 25 · Buy 1 · Hold 6 · Sell 4Oct 25Nov 25 · Buy 1 · Hold 7 · Sell 3Dec 25 · Buy 1 · Hold 6 · Sell 4Dec 25Jan 26 · Buy 1 · Hold 5 · Sell 4Feb 26 · Buy 1 · Hold 6 · Sell 3Feb 26Mar 26 · Buy 1 · Hold 6 · Sell 3Apr 26 · Buy 1 · Hold 5 · Sell 3Apr 26May 26 · Buy 1 · Hold 5 · Sell 4Jun 26 · Buy 1 · Hold 5 · Sell 4Jun 26Jul 26 · Buy 1 · Hold 5 · Sell 5Aug 26 · Buy 1 · Hold 5 · Sell 5Aug 26Sep 26 · Buy 1 · Hold 5 · Sell 5Oct 25 · avg. target $257Nov 25 · avg. target $260Dec 25 · avg. target $258Jan 26 · avg. target $261Feb 26 · avg. target $279Mar 26 · avg. target $282Apr 26 · avg. target $272May 26 · avg. target $276Jun 26 · avg. target $276Jul 26 · avg. target $290Aug 26 · avg. target $290Sep 26 · avg. target $290Oct 25 · month-end close $244Nov 25 · month-end close $249Dec 25 · month-end close $246Jan 26 · month-end close $261Feb 26 · month-end close $291Mar 26 · month-end close $260Apr 26 · month-end close $258May 26 · month-end close $247Jun 26 · month-end close $270Jul 26 · month-end close $287Aug 26 · month-end close $275Sep 26 · month-end close $268

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 59 ratings