Illinois Tool Works Inc.

ITWNYSEIndustrials● Active

$253.49

+$0.77(+0.30%)

Market Cap$72.9B

P/E Ratio—

52W High$303.16

52W Low$238.82

Avg Volume1.3M

Open$253.17

Beta1.03

Overview

Illinois Tool Works Inc. (ITW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ITW · free cash flow · updated Jun 8, 2026

Core FCF metrics

ITW · FCF · TTM · margin & CAGR

Free cash flow was $2.71B for FY2025 (fiscal year ending 2025-12-31), down 4.8% year-over-year The FCF margin was 16.9%. Five-year CAGR stands at +1.0%.

FY2025 Free Cash Flow$2.71B▼ -4.8% YoY

Trailing 12M (TTM)$2.74Btrailing 4 quarters sum

FCF Margin16.9%$2.71B ÷ revenue

3-Year CAGR+11.8%FY2022 → FY2025

5-Year CAGR+1.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ITW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.13B(419M)$2.71B▼ 4.8%16.9%

FY2024$3.28B(437M)$2.84B▼ 7.8%17.9%

FY2023$3.54B(455M)$3.08B▲ +59.3%19.1%

FY2022$2.35B(412M)$1.94B▼ 14.4%12.2%

FY2021$2.56B(296M)$2.26B▼ 12.1%15.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ITW · P/FCF · FCF yield · FCF per share

Illinois Tool Works Inc. (ITW) trades at a FCF yield of 3.76% and a price-to-free-cash-flow ratio of 27.1x. FCF per share stands at $9.37, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.76%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.37

TTM FCF ÷ Shares Outstanding

Price / FCF

x27.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x29.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ITW · cash flow statement · operating / investing / financing

For FY2025, Illinois Tool Works Inc. generated $3.13B in operating cash flow and spent 419M in capital expenditures, yielding $2.71B in free cash flow.

Operating Activities

+$3.13B

Cash from core business operations

2025-12-31

Investing Activities

−$521.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.74B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.13B) − |CapEx| (419M) = FCF ($2.71B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ITW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Illinois Tool Works Inc.YOU

ITW

$2.71B-4.8%16.9%

26%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Illinois Tool Works Inc. (ITW) reported free cash flow of $2.71B for FY2025 (fiscal year ending 2025-12-31), down 4.8% year-over-year. The FCF margin was 16.9%.

Based on available data, Illinois Tool Works Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.08B in FY2023. The 5-year CAGR stands at +1.0%.

Illinois Tool Works Inc.'s FCF yield is 3.76% and price-to-FCF ratio is 27.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ITW free cash flow · 8 questions

Illinois Tool Works Inc. free cash flow was $2.71B for FY2025, down 4.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.74B.

ITW free cash flowITW FCFITW FCF 2025ITW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Illinois Tool Works Inc. · Illinois Tool Works Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026