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Illinois Tool Works Inc.

ITW

Industrials · 265.18 +0.4% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Illinois Tool Works Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company+0.4% todayVolume comparison unavailable
Market group0 of 32 activeIndustrial Equipment · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Year-to-date operating margin narrowed as unfavorable price/cost pressure outweighed part of the benefit from enterprise initiatives.
  • ITW's six-month organic revenue declined 0.4%, with weaker demand in several European and Asian businesses partly offset by growth elsewhere.

Invalidation: The isolated read changes if ITW's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Specialty Industrial Machinery

No new filing conclusion is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Year-to-date operating margin narrowed as unfavorable price/cost pressure outweighed part of the benefit from enterprise initiatives.
  • ITW's six-month organic revenue declined 0.4%, with weaker demand in several European and Asian businesses partly offset by growth elsewhere.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements242
Verified relationships3
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Demand and volume has repeated adverse evidence across 5 filings.
  • Product pipeline and R&D has repeated adverse evidence across 5 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

265.18
6m-2.3%12m+1.1%24m+9.1%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$14.5B+15.0%$8.51-0.6%
2022-12-31$15.9B+10.2%$9.77-1.8%
2023-12-31$16.1B+1.1%$9.74-2.3%
2024-12-31$15.9B-1.3%$11.71-1.9%
2025-12-31$16.0B+0.9%$10.49-1.8%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 5 filings
In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, special…
10-Q · Aug 6, 2026
Product pipeline and R&Dmixed · 5 filings
Selling, administrative, and research and development expenses as a percent of operating revenue were lower in the year-to-date period of 2026 compared to 2025 primarily due to benefits from the Company's enterprise initiatives, partially offset by higher sel…
10-Q · Aug 6, 2026
Restructuring and cost reductionsnegative · 5 filings
In the year-to-date period, operating margin of 31.4% decreased 40 basis points primarily due to unfavorable price/cost of 90 basis points, higher employee-related expenses and unfavorable operating leverage of 30 basis points, partially offset by benefits fr…
10-Q · Aug 6, 2026
Pricing and mixpositive · 2 filings
The Company believes that it continues to be well positioned to minimize the impact of these tariffs because its businesses generally manufacture products in the markets where they are sold and the Company expects to recover any increased cost due to tariffs…
10-Q · Aug 6, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

265.18+0.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ITW. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ITW. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ITW

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

ESABESAB CorporationcompetitorFeb 20, 2026

The markets that we compete in are also served by Lincoln Electric and the welding business within Illinois Tool Works.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 9 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ITW is currently a Follower in the organic co-movement group Industrial Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.