# ILLINOIS TOOL WORKS INC (ITW) · Edgar & Edgarette company card

> Illinois Tool Works (ITW) grew revenue 0.9% in FY2025 to $16.0 billion, operating margin 26.3% against a 13.2% median for general industrial machinery & equipment, equity 20.0% of assets, and dividend per share up 12 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 49826 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ITW) · [JSON](https://www.pops4.com/boards/company/ITW.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $16.0B |
| Revenue growth, 1 year | 0.9% |
| Revenue growth per year | 2.6% |
| Operating margin | 26.3% (prior year 26.8%) |
| Net margin | 19.1% |
| Operating cash flow | $3.1B |
| Capital spending | $419M |
| Free cash flow | $2.7B |
| Cash | $851M |
| Long-term debt | $7.7B |
| Total assets | $16.1B |
| Total equity | $3.2B |
| Equity ÷ assets | 20.0% |
| Return on equity | 95.0% |
| Dividend per share | $6.22 |
| Dividend years rising | 12 |

## Readings, computed from those figures

- Altman Z: 8.54 (safe zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $16.0B (FY2025), total debt $7.7B. Experience: revenue up 0.9% on the year, up 2.6% a year over 4 years; operating margin 26.3%, down from 26.8%. Soundness: equity 20.0% of assets, return on equity 95.0%, payout 58.2% of profit, dividend per share up 12 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $14.4B and $16.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $13.4B to $18.0B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, general industrial machinery & equipment): operating margin 26.3% against a 13.2% median; growth 0.9% against 8.2%.

Range logged 2026-09-26, receipt d0116d27dc14e972, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-05-22 ([filing](https://www.sec.gov/Archives/edgar/data/49826/000004982626000033/0000049826-26-000033-index.htm))

## Recent filings

- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/49826/000004982626000060/0000049826-26-000060-index.htm)
- 8-K · filed 2026-10-27 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/49826/000004982626000057/0000049826-26-000057-index.htm)
- 8-K · filed 2026-08-13 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/49826/000119312526349149/0001193125-26-349149-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/49826/000004982626000049/0000049826-26-000049-index.htm)
- 8-K · filed 2026-07-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/49826/000004982626000047/0000049826-26-000047-index.htm)
- 8-K · filed 2026-05-22 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/49826/000004982626000033/0000049826-26-000033-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000049826.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=49826

## Cite

POPS4, Edgar & Edgarette: ILLINOIS TOOL WORKS INC (ITW) company card, from the company's own SEC filings, accessed 2026-11-11, https://www.pops4.com/boards/company/ITW. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.