Buyback yield (TTM)
2.00%
Shareholder yield (TTM)
4.41%
5Y share count change
-8.2%
Buyback spend (TTM)
$1.50B
Cumulative buybacks
$32.78B
Key takeaways
- Illinois Tool Works (ITW) repurchased about $1.50B of stock over the trailing twelve months.
- Diluted share count is down 8.2% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 21.13× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +16.3% per year over the latest 5-year window.
- TTM repurchases used about 161% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Illinois Tool Works (ITW)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Illinois Tool Works (ITW)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Illinois Tool Works (ITW)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Illinois Tool Works (ITW)
Latest: $1.50B
Overview
2025's annual buyback spend for Illinois Tool Works (ITW) came in at $1.50B – edged up 0.0% year-over-year.
Through 2020–2025 (5 years), Illinois Tool Works buyback spend delivered a +16.3% annualised rate; with mixed annual results across the window.
Illinois Tool Works buyback spend peaked at $4.35B in 2014; the latest annual figure is $1.50B in 2025 (65.5% below peak).
2014 marks the peak buyback spend at $4.35B, with the historical low of $0.00 recorded in 1989.
Illinois Tool Works Buyback Spend 2025: $1.50B
Illinois Tool Works buyback spend in 2025 was $1.50B, edged up 0.0% from 2024.
Illinois Tool Works Buyback Spend 2024: $1.50B
2024's buyback spend for Illinois Tool Works came in at $1.50B, edged up 0.0% from 2023.
Illinois Tool Works Buyback Spend 2023: $1.50B
Illinois Tool Works posted buyback spend of $1.50B in 2023, declined 14.3% below 2022.
Illinois Tool Works Buyback Spend 2022: $1.75B
In 2022, Illinois Tool Works reported buyback spend of $1.75B, surged 75.0% from 2021.
Illinois Tool Works Buyback Spend 2021: $1.00B
Illinois Tool Works buyback spend in 2021 was $1.00B.
See more financial history for Illinois Tool Works (ITW).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.50B | $69.00M | $1.43B | 2.10% | 0.29B | -1.8% | |
| 2024 | $1.50B | $61.00M | $1.44B | 2.01% | 0.30B | -1.9% | |
| 2023 | $1.50B | $69.00M | $1.43B | 1.91% | 0.30B | -2.3% | |
| 2022 | $1.75B | $63.00M | $1.69B | 2.59% | 0.31B | -1.8% | |
| 2021 | $1.00B | $53.00M | $947.00M | 1.29% | 0.32B | -0.6% | |
| 2020 | $706.00M | $42.00M | $664.00M | 1.09% | 0.32B | -2.2% | |
| 2019 | $1.50B | $41.00M | $1.46B | 2.60% | 0.33B | -3.4% | |
| 2018 | $2.00B | $40.00M | $1.96B | 4.79% | 0.34B | -2.8% | |
| 2017 | $1.00B | $36.00M | $964.00M | 1.76% | 0.35B | -2.9% | |
| 2016 | $2.00B | $39.00M | $1.96B | 4.69% | 0.36B | -3.5% | |
| 2015 | $2.00B | $41.00M | $1.96B | 5.94% | 0.37B | -8.5% | |
| 2014 | $4.35B | $39.00M | $4.31B | 11.88% | 0.40B | -9.9% | |
| 2013 | $2.11B | $37.00M | $2.07B | 5.72% | 0.45B | -5.1% | |
| 2012 | $2.02B | $54.00M | $1.97B | 7.23% | 0.47B | -4.3% | |
| 2011 | $950.00M | $56.37M | $893.63M | 4.21% | 0.49B | -1.7% | |
| 2010 | $350.00M | $56.44M | $293.56M | 1.32% | 0.50B | +0.3% | |
| 2009 | $0.00 | $51.86M | −$51.86M | — | 0.50B | -3.2% | |
| 2008 | $1.39B | $0.00 | $1.39B | 7.95% | 0.52B | -6.7% | |
| 2007 | $1.76B | $0.00 | $1.76B | 6.24% | 0.56B | -2.6% | |
| 2006 | $446.88M | $0.00 | $446.88M | 1.73% | 0.57B | -1.4% | |
| 2005 | $1.04B | $0.00 | $1.04B | 4.22% | 0.58B | -5.9% | |
| 2004 | $1.73B | $0.00 | $1.73B | 6.41% | 0.62B | -0.2% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.62B | -0.0% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.62B | +0.7% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.61B | +0.7% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.61B | -0.2% | |
| 1999 | $45.00M | $0.00 | $45.00M | — | 0.61B | +0.1% | |
| 1998 | $45.30M | $0.00 | $45.30M | — | 0.61B | +22.0% | |
| 1997 | $53.40M | $0.00 | $53.40M | — | 0.50B | +0.6% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.50B | — | |
| 1995 | $40.00M | $0.00 | $40.00M | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$1.50B
- 2024$1.50B
- 2023$1.50B
- 2022$1.75B
- 2021$1.00B
- 2020$706.00M
- 2019$1.50B
- 2018$2.00B
- 2017$1.00B
- 2016$2.00B
- 2015$2.00B
- 2014$4.35B
- 2013$2.11B
- 2012$2.02B
- 2011$950.00M
- 2010$350.00M
- 2009$0.00
- 2008$1.39B
- 2007$1.76B
- 2006$446.88M
- 2005$1.04B
- 2004$1.73B
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$45.00M
- 1998$45.30M
- 1997$53.40M
- 1996$0.00
- 1995$40.00M
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Illinois Tool Works (ITW)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 21.13×.
Buybacks vs dividends (share of cash returned) for Illinois Tool Works (ITW)
How Illinois Tool Works splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Illinois Tool Works, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $930.00M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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