ITW - Illinois Tool Works Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$254.00
DETAILS
HIGH:
$275.00
LOW:
$230.00
MEDIAN:
$255.00
CONSENSUS:
$254.00
DOWNSIDE:
3.59%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 15,898.0 | 16,107.0 | 15,932.0 | 14,455.0 | 12,574.0 | 14,109.0 | 14,768.0 | 14,314.0 | 13,599.0 | 13,405.0 |
| Cost of Revenue | 8,959.0 | 9,429.0 | 9,563.0 | 8,622.0 | 7,529.0 | 8,346.0 | 8,793.0 | 8,515.0 | 8,120.0 | 8,119.0 |
| Gross Profit | 6,939.0 | 6,678.0 | 6,369.0 | 5,833.0 | 5,045.0 | 5,763.0 | 5,975.0 | 5,799.0 | 5,479.0 | 5,286.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 292.0 | 284.0 | 269.0 | 239.0 | 214.0 | 221.0 | 233.0 | 225.0 | 223.0 | 218.0 |
| SG&A Expenses | 2,383.0 | 2,354.0 | 2,310.0 | 2,117.0 | 1,949.0 | 2,140.0 | 2,158.0 | 2,175.0 | 2,192.0 | 2,199.0 |
| Other Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | 2,675.0 | 2,638.0 | 2,579.0 | 2,356.0 | 2,163.0 | 2,361.0 | 2,391.0 | 2,400.0 | 2,415.0 | 2,417.0 |
| Operating Income | ||||||||||
| Operating Income | 4,264.0 | 4,040.0 | 3,790.0 | 3,477.0 | 2,882.0 | 3,402.0 | 3,584.0 | 3,494.0 | 3,064.0 | 2,867.0 |
| Interest Expense | 283.0 | 266.0 | 203.0 | 202.0 | 206.0 | 221.0 | 257.0 | 260.0 | 237.0 | 226.0 |
| Interest Income | 44.0 | 53.0 | 31.0 | 41.0 | 25.0 | 44.0 | 44.0 | 61.0 | 38.0 | 56.0 |
| Profitability | ||||||||||
| EBITDA | 5,107.0 | 4,484.0 | 4,455.0 | 3,938.0 | 3,337.0 | 3,935.0 | 4,112.0 | 3,992.0 | 3,615.0 | 3,420.0 |
| EBIT | 4,705.0 | 4,089.0 | 4,045.0 | 3,528.0 | 2,910.0 | 3,509.0 | 3,651.0 | 3,530.0 | 3,145.0 | 2,945.0 |
| Income Before Tax | 4,422.0 | 3,823.0 | 3,842.0 | 3,326.0 | 2,704.0 | 3,288.0 | 3,394.0 | 3,270.0 | 2,908.0 | 2,719.0 |
| Income Tax Expense | 934.0 | 866.0 | 808.0 | 632.0 | 595.0 | 767.0 | 831.0 | 1,583.0 | 873.0 | 820.0 |
| Net Income | 3,488.0 | 2,957.0 | 3,034.0 | 2,694.0 | 2,109.0 | 2,521.0 | 2,563.0 | 1,687.0 | 2,035.0 | 1,899.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 11.75 | 9.77 | 9.80 | 8.55 | 6.66 | 7.78 | 7.65 | 4.90 | 5.73 | 5.16 |
| EPS (Diluted) | 11.71 | 9.74 | 9.77 | 8.51 | 6.63 | 7.74 | 7.60 | 4.86 | 5.70 | 5.13 |
| Shares Outstanding | 296.8 | 302.6 | 309.6 | 315.1 | 316.9 | 323.9 | 335.0 | 344.1 | 355.0 | 367.9 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 948.0 | 1,065.0 | 708.0 | 1,527.0 | 2,564.0 | 1,981.0 | 1,504.0 | 3,094.0 | 2,472.0 | 3,090.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 3,096.0 | 3,251.0 | 3,273.0 | 2,942.0 | 2,621.0 | 2,611.0 | 2,622.0 | 2,628.0 | 2,357.0 | 2,203.0 |
| Inventory | 1,605.0 | 1,707.0 | 2,054.0 | 1,694.0 | 1,189.0 | 1,164.0 | 1,318.0 | 1,220.0 | 1,076.0 | 1,086.0 |
| Other Current Assets | 147.0 | 157.0 | 183.0 | 140.0 | 119.0 | 472.0 | 334.0 | 336.0 | 218.0 | 341.0 |
| Total Current Assets | 5,856.0 | 6,235.0 | 6,270.0 | 6,374.0 | 6,523.0 | 6,253.0 | 5,778.0 | 7,278.0 | 6,123.0 | 6,720.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,302.0 | 2,224.0 | 1,848.0 | 1,809.0 | 1,777.0 | 1,729.0 | 1,791.0 | 1,778.0 | 1,652.0 | 1,577.0 |
| Goodwill | 4,839.0 | 4,909.0 | 4,864.0 | 4,965.0 | 4,690.0 | 4,492.0 | 4,633.0 | 4,752.0 | 4,558.0 | 4,439.0 |
| Intangible Assets | 592.0 | 657.0 | 768.0 | 972.0 | 781.0 | 851.0 | 1,084.0 | 1,272.0 | 1,463.0 | 1,560.0 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 51.0 | 51.0 | 53.0 | 73.0 | 212.0 |
| Other Non-Current Assets | 1,109.0 | 1,014.0 | 1,178.0 | 1,405.0 | 1,308.0 | 1,176.0 | 979.0 | 1,142.0 | 883.0 | 875.0 |
| Total Non-Current Assets | 9,211.0 | 9,283.0 | 9,152.0 | 9,703.0 | 9,089.0 | 8,815.0 | 9,092.0 | 9,502.0 | 9,078.0 | 9,009.0 |
| Total Assets | 15,067.0 | 15,518.0 | 15,422.0 | 16,077.0 | 15,612.0 | 15,068.0 | 14,870.0 | 16,780.0 | 15,201.0 | 15,729.0 |
| Current Liabilities | ||||||||||
| Account Payables | 519.0 | 581.0 | 594.0 | 585.0 | 534.0 | 472.0 | 524.0 | 590.0 | 511.0 | 449.0 |
| Short-Term Debt | 1,555.0 | 1,825.0 | 1,590.0 | 778.0 | 350.0 | 4.0 | 1,351.0 | 850.0 | 652.0 | 526.0 |
| Deferred Revenue | 360.0 | 395.0 | 427.0 | 394.0 | 222.0 | 188.0 | 215.0 | 205.0 | 180.0 | 169.0 |
| Other Current Liabilities | 421.0 | 455.0 | 467.0 | 474.0 | 349.0 | 420.0 | 407.0 | 427.0 | 395.0 | 378.0 |
| Total Current Liabilities | 4,308.0 | 4,675.0 | 4,460.0 | 3,470.0 | 2,589.0 | 2,154.0 | 3,542.0 | 3,053.0 | 2,760.0 | 2,368.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 6,308.0 | 6,339.0 | 6,173.0 | 6,909.0 | 7,772.0 | 7,754.0 | 6,029.0 | 7,478.0 | 7,177.0 | 6,896.0 |
| Deferred Tax Liabilities | 119.0 | 326.0 | 484.0 | 654.0 | 588.0 | 668.0 | 707.0 | 164.0 | 134.0 | 256.0 |
| Other Non-Current Liabilities | 857.0 | 1,017.0 | 1,085.0 | 1,285.0 | 1,348.0 | 1,334.0 | 1,334.0 | 1,496.0 | 871.0 | 981.0 |
| Total Non-Current Liabilities | 7,442.0 | 7,830.0 | 7,873.0 | 8,981.0 | 9,841.0 | 9,884.0 | 8,070.0 | 9,138.0 | 8,182.0 | 8,133.0 |
| Total Liabilities | 11,750.0 | 12,505.0 | 12,333.0 | 12,451.0 | 12,430.0 | 12,038.0 | 11,612.0 | 12,191.0 | 10,942.0 | 10,501.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 | 6.0 |
| Retained Earnings | 28,893.0 | 27,122.0 | 25,799.0 | 24,325.0 | 23,114.0 | 22,403.0 | 21,217.0 | 20,210.0 | 19,505.0 | 18,316.0 |
| Accumulated Other Comprehensive Income | (1,877.0) | (1,834.0) | (1,841.0) | (1,502.0) | (1,642.0) | (1,705.0) | (1,677.0) | (1,287.0) | (1,807.0) | (1,504.0) |
| Total Stockholders' Equity | 3,316.0 | 3,012.0 | 3,088.0 | 3,625.0 | 3,181.0 | 3,026.0 | 3,254.0 | 4,585.0 | 4,254.0 | 5,224.0 |
| Total Liabilities & Equity | 15,067.0 | 15,518.0 | 15,422.0 | 16,077.0 | 15,612.0 | 15,068.0 | 14,870.0 | 16,780.0 | 15,201.0 | 15,729.0 |
| Debt Metrics | ||||||||||
| Total Debt | 8,078.0 | 8,370.0 | 7,949.0 | 7,881.0 | 8,310.0 | 7,937.0 | 7,380.0 | 8,328.0 | 7,829.0 | 7,422.0 |
| Net Debt | 7,130.0 | 7,305.0 | 7,241.0 | 6,354.0 | 5,746.0 | 5,956.0 | 5,876.0 | 5,234.0 | 5,357.0 | 4,332.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 3,488.0 | 2,957.0 | 3,034.0 | 2,694.0 | 2,109.0 | 2,521.0 | 2,563.0 | 1,687.0 | 2,035.0 | 1,899.0 |
| Depreciation & Amortization | 402.0 | 395.0 | 410.0 | 410.0 | 427.0 | 426.0 | 461.0 | 462.0 | 470.0 | 477.0 |
| Stock-Based Compensation | 61.0 | 69.0 | 63.0 | 53.0 | 42.0 | 41.0 | 40.0 | 36.0 | 39.0 | 41.0 |
| Change in Working Capital | (18.0) | 210.0 | (816.0) | (438.0) | 249.0 | 31.0 | (288.0) | 158.0 | 38.0 | (106.0) |
| Other Non-Cash Items | (476.0) | (4.0) | (193.0) | (14.0) | 10.0 | (56.0) | 1.0 | (5.0) | (17.0) | (1.0) |
| Operating Cash Flow | 3,281.0 | 3,539.0 | 2,348.0 | 2,557.0 | 2,807.0 | 2,995.0 | 2,811.0 | 2,402.0 | 2,302.0 | 2,299.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (437.0) | (455.0) | (412.0) | (296.0) | (236.0) | (326.0) | (364.0) | (297.0) | (273.0) | (284.0) |
| Acquisitions | 280.0 | 27.0 | 276.0 | (731.0) | 1.0 | 116.0 | 1.0 | (1.0) | (450.0) | 23.0 |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 8.0 | 10.0 | 25.0 | 0.0 | 14.0 | 183.0 | 30.0 |
| Sales/Maturities of Investments | 11.0 | 27.0 | 12.0 | 38.0 | 14.0 | 20.0 | 16.0 | 43.0 | 21.0 | 22.0 |
| Other Investing Activities | 2.0 | (2.0) | 14.0 | (3.0) | (3.0) | (18.0) | 22.0 | 4.0 | 170.0 | 29.0 |
| Investing Cash Flow | (144.0) | (403.0) | (110.0) | (984.0) | (214.0) | (183.0) | (325.0) | (251.0) | (532.0) | (210.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (8.0) | 294.0 | 276.0 | (141.0) | (4.0) | 422.0 | (851.0) | 197.0 | 465.0 | 151.0 |
| Stock Repurchased | (1,500.0) | (1,500.0) | (1,750.0) | (1,000.0) | (706.0) | (1,500.0) | (2,000.0) | (1,000.0) | (2,000.0) | (2,002.0) |
| Dividends Paid | (1,695.0) | (1,615.0) | (1,542.0) | (1,463.0) | (1,379.0) | (1,321.0) | (1,124.0) | (941.0) | (821.0) | (742.0) |
| Other Financing Activities | (38.0) | 39.0 | (13.0) | 40.0 | (26.0) | 73.0 | (11.0) | (14.0) | 17.0 | 8.0 |
| Financing Cash Flow | (3,189.0) | (2,782.0) | (3,000.0) | (2,564.0) | (2,049.0) | (2,326.0) | (3,964.0) | (1,674.0) | (2,255.0) | (2,526.0) |
| Cash Position | ||||||||||
| Net Change in Cash | (117.0) | 357.0 | (819.0) | (1,037.0) | 583.0 | 477.0 | (1,590.0) | 622.0 | (618.0) | (900.0) |
| Cash at Beginning | 1,065.0 | 708.0 | 1,527.0 | 2,564.0 | 1,981.0 | 1,504.0 | 3,094.0 | 2,472.0 | 3,090.0 | 3,990.0 |
| Cash at End | 948.0 | 1,065.0 | 708.0 | 1,527.0 | 2,564.0 | 1,981.0 | 1,504.0 | 3,094.0 | 2,472.0 | 3,090.0 |
| Free Cash Flow | 2,844.0 | 3,084.0 | 1,936.0 | 2,261.0 | 2,571.0 | 2,669.0 | 2,447.0 | 2,105.0 | 2,029.0 | 2,015.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 15,898.0 | 16,107.0 | 15,932.0 | 14,455.0 | 12,574.0 | 14,109.0 | 14,768.0 | 14,314.0 | 13,599.0 | 13,405.0 |
| Gross Profit | 6,939.0 | 6,678.0 | 6,369.0 | 5,833.0 | 5,045.0 | 5,763.0 | 5,975.0 | 5,799.0 | 5,479.0 | 5,286.0 |
| Operating Income | 4,264.0 | 4,040.0 | 3,790.0 | 3,477.0 | 2,882.0 | 3,402.0 | 3,584.0 | 3,494.0 | 3,064.0 | 2,867.0 |
| Net Income | 3,488.0 | 2,957.0 | 3,034.0 | 2,694.0 | 2,109.0 | 2,521.0 | 2,563.0 | 1,687.0 | 2,035.0 | 1,899.0 |
| EPS (Diluted) | 11.71 | 9.74 | 9.77 | 8.51 | 6.63 | 7.74 | 7.60 | 4.86 | 5.70 | 5.13 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 948.0 | 1,065.0 | 708.0 | 1,527.0 | 2,564.0 | 1,981.0 | 1,504.0 | 3,094.0 | 2,472.0 | 3,090.0 |
| Total Assets | 15,067.0 | 15,518.0 | 15,422.0 | 16,077.0 | 15,612.0 | 15,068.0 | 14,870.0 | 16,780.0 | 15,201.0 | 15,729.0 |
| Total Debt | 8,078.0 | 8,370.0 | 7,949.0 | 7,881.0 | 8,310.0 | 7,937.0 | 7,380.0 | 8,328.0 | 7,829.0 | 7,422.0 |
| Stockholders' Equity | 3,316.0 | 3,012.0 | 3,088.0 | 3,625.0 | 3,181.0 | 3,026.0 | 3,254.0 | 4,585.0 | 4,254.0 | 5,224.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 3,281.0 | 3,539.0 | 2,348.0 | 2,557.0 | 2,807.0 | 2,995.0 | 2,811.0 | 2,402.0 | 2,302.0 | 2,299.0 |
| Capital Expenditure | (437.0) | (455.0) | (412.0) | (296.0) | (236.0) | (326.0) | (364.0) | (297.0) | (273.0) | (284.0) |
| Free Cash Flow | 2,844.0 | 3,084.0 | 1,936.0 | 2,261.0 | 2,571.0 | 2,669.0 | 2,447.0 | 2,105.0 | 2,029.0 | 2,015.0 |