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FCF Margin for Illinois Tool Works (ITW)

As of · Reported

Metric

TTM

16.9%

YoY change

−1.02pp

Trough year (1998)

-4.2%

Peak year (2020)

20.4%

FCF Margin history chart for Illinois Tool Works (ITW) from 1989 to 2025

Latest: 16.9%

FCF Margin change chart for Illinois Tool Works (ITW) from 1989 to 2025

Latest: −1.02pp

FCF Margin history table for Illinois Tool Works (ITW) from 1989 to 2025

  • 202516.9%-1.02pp
  • 202417.9%-1.26pp
  • 202319.1%+7.00pp
  • 202212.2%-3.49pp
  • 202115.6%-4.81pp
  • 202020.4%+1.53pp
  • 201918.9%+2.35pp
  • 201816.6%+1.86pp
  • 201714.7%-0.21pp
  • 201614.9%-0.11pp
  • 201515.0%+6.37pp
  • 20148.7%-6.62pp
  • 201315.3%+5.85pp
  • 20129.4%+0.42pp
  • 20119.0%+0.98pp
  • 20108.0%-5.66pp
  • 200913.7%+1.92pp
  • 200811.8%-1.41pp
  • 200713.2%+0.62pp
  • 200612.6%+0.54pp
  • 200512.0%+1.37pp
  • 200410.7%-0.41pp
  • 200311.1%+0.32pp
  • 200210.7%-1.03pp
  • 200111.8%+3.68pp
  • 20008.1%+9.22pp
  • 1999-1.1%+3.10pp
  • 1998-4.2%-13.45pp
  • 19979.2%+0.01pp
  • 19969.2%+2.30pp
  • 19956.9%-0.49pp
  • 19947.4%+1.26pp
  • 19936.1%-2.70pp
  • 19928.8%+2.33pp
  • 19916.5%+0.77pp
  • 19905.8%-0.66pp
  • 19896.4%—

FCF Margin values are taken from Illinois Tool Works's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Illinois Tool Works (ITW)

According to Illinois Tool Works's latest reported financial statements, the company's latest reported free cash flow margin is 16.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Illinois Tool Works (ITW) free cash flow margin totalled 16.87% – contracted 1.0 percentage points year-over-year.

20.45% stands as the all-time-high annual free cash flow margin, posted in 2020, against a low of -4.22% during 1998.

Illinois Tool Works FCF Margin by Year

Illinois Tool Works FCF Margin 2025: 16.9%

Illinois Tool Works posted free cash flow margin of 16.87% in 2025, contracted 1.0 percentage points from 2024.

Illinois Tool Works FCF Margin 2024: 17.9%

In 2024, Illinois Tool Works reported free cash flow margin of 17.89%, contracted 1.3 percentage points from 2023.

Illinois Tool Works FCF Margin 2023: 19.1%

Illinois Tool Works free cash flow margin in 2023 was 19.15%, expanded 7.0 percentage points from 2022.

Illinois Tool Works FCF Margin 2022: 12.2%

2022's free cash flow margin for Illinois Tool Works came in at 12.15%, contracted 3.5 percentage points from 2021.

Illinois Tool Works FCF Margin 2021: 15.6%

Illinois Tool Works free cash flow margin in 2021 was 15.64%.

See more financial history for Illinois Tool Works (ITW).

Sector peers by FCF Margin

Industrials peers of Illinois Tool Works (ITW), ranked by their latest free cash flow margin

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