FN2 Earnings Intelligence
Illinois Tool Works Inc. cash flow
Illinois Tool Works Inc. (ITW) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $1,527 | $708 | $1,065 | $948 | $851 | - | - |
| + Debt | $7,687 | $7,763 | $8,164 | $7,863 | $8,969 | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $14,455 | $15,932 | $16,107 | $15,898 | $16,044 | $16,604.9 | $17,199.7 |
| % Growth | 15.0% | 10.2% | 1.1% | -1.3% | 0.9% | 3.5% | 3.6% |
| Gross Profit | $5,966 | $6,503 | $6,791 | $8,294 | $8,488 | - | - |
| % Margin | 41.3% | 40.8% | 42.2% | 52.2% | 52.9% | - | - |
| EBITDA | $3,754 | $4,066 | $4,322 | $4,565 | $4,533 | - | - |
| % Margin | 26.0% | 25.5% | 26.8% | 28.7% | 28.3% | - | - |
| Net Income | $2,694 | $3,034 | $2,957 | $3,488 | $3,066 | - | - |
| % Margin | 18.6% | 19.0% | 18.4% | 21.9% | 19.1% | - | - |
| Diluted EPS | $8.51 | $9.77 | $9.74 | $11.71 | $10.49 | $11.31 | $12.13 |
| % Growth | 28.4% | 14.8% | -0.3% | 20.2% | -10.4% | 7.8% | 7.3% |
| Operating Cash Flow | $2,557 | $2,348 | $3,539 | $3,281 | $3,126 | - | - |
| CapEx | $296 | $412 | $455 | $437 | $419 | - | - |
| Free Cash Flow | $2,261 | $1,936 | $3,084 | $2,844 | $2,707 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $14,455 | $15,932 | $16,107 | $15,898 | $16,044 | $16,604.9 | $17,199.7 |
| Gross Profit | $5,966 | $6,503 | $6,791 | $8,294 | $8,488 | - | - |
| EBITDA | $3,754 | $4,066 | $4,322 | $4,565 | $4,533 | - | - |
| Net Income | $2,694 | $3,034 | $2,957 | $3,488 | $3,066 | - | - |
| Diluted EPS | $8.51 | $9.77 | $9.74 | $11.71 | $10.49 | $11.31 | $12.13 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1,527 | $708 | $1,065 | $948 | $851 |
| Short-term Debt | $778 | $1,590 | $1,825 | $1,555 | $2,286 |
| Long-term Debt | $6,909 | $6,173 | $6,339 | $6,308 | $6,683 |
| Total Debt | $7,687 | $7,763 | $8,164 | $7,863 | $8,969 |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2,557 | $2,348 | $3,539 | $3,281 | $3,126 |
| Capital Expenditure | $296 | $412 | $455 | $437 | $419 |
| Free Cash Flow | $2,261 | $1,936 | $3,084 | $2,844 | $2,707 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 15.0% | 10.2% | 1.1% | -1.3% | 0.9% |
| Gross Margin | 41.3% | 40.8% | 42.2% | 52.2% | 52.9% |
| EBITDA Margin | 26.0% | 25.5% | 26.8% | 28.7% | 28.3% |
| Net Margin | 18.6% | 19.0% | 18.4% | 21.9% | 19.1% |
| FCF Margin | 15.6% | 12.2% | 19.1% | 17.9% | 16.9% |
| Diluted EPS Growth | 28.4% | 14.8% | -0.3% | 20.2% | -10.4% |