Illinois Tool Works annual free cash flow
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2025
Illinois Tool Works Free Cash Flow (FCF) History (ITW)
Illinois Tool Works reported $2.71B in free cash flow for fiscal 2025, a decrease of 4.82% from the previous fiscal year, with a free cash flow margin of 16.87%.
View full Illinois Tool Works company overviewIllinois Tool Works free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.71B | −$137.0M | −4.82% | +16.87% |
| 2024 | 2024-12-31 | $2.84B | −$240.0M | −7.78% | +17.89% |
| 2023 | 2023-12-31 | $3.08B | $1.15B | +59.30% | +19.15% |
| 2022 | 2022-12-31 | $1.94B | −$325.0M | −14.37% | +12.15% |
| 2021 | 2021-12-31 | $2.26B | −$310.0M | −12.06% | +15.64% |
| 2020 | 2020-12-31 | $2.57B | −$98.0M | −3.67% | +20.45% |
| 2019 | 2019-12-31 | $2.67B | $222.0M | +9.07% | +18.92% |
| 2018 | 2018-12-31 | $2.45B | $342.0M | +16.25% | +16.57% |
| 2017 | 2017-12-31 | $2.10B | $76.0M | +3.75% | +14.71% |
| 2016 | 2016-12-31 | $2.03B | $14.0M | +0.69% | +14.92% |
| 2015 | 2015-12-31 | $2.02B | $760.0M | +60.56% | +15.03% |
| 2014 | 2014-12-31 | $1.25B | −$905.0M | −41.90% | +8.66% |
| 2013 | 2013-12-31 | $2.16B | $470.0M | +27.81% | +15.28% |
| 2012 | 2012-12-31 | $1.69B | $87.0M | +5.43% | +11.43% |
| 2011 | 2011-12-31 | $1.60B | $403.0M | +33.58% | +11.04% |
| 2010 | 2010-12-31 | $1.20B | −$711.8M | −37.23% | +7.78% |
| 2009 | 2009-12-31 | $1.91B | $51.9M | +2.79% | +14.09% |
| 2008 | 2008-12-31 | $1.86B | −$271.0M | −12.72% | +10.88% |
| 2007 | 2007-12-31 | $2.13B | — | — | +13.23% |
Illinois Tool Works quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $631.0M | $182.0M | +40.53% | +14.67% |
| Q1 2026 | 2026-03-31 | $528.0M | $32.0M | +6.45% | +13.15% |
| Q4 2025 | 2025-12-31 | $858.0M | −$138.0M | −13.86% | +20.96% |
| Q3 2025 | 2025-09-30 | $904.0M | $121.0M | +15.45% | +22.27% |
| Q2 2025 | 2025-06-30 | $449.0M | −$122.0M | −21.37% | +11.08% |
| Q1 2025 | 2025-03-31 | $496.0M | $2.0M | +0.40% | +12.92% |
| Q4 2024 | 2024-12-31 | $996.0M | $88.0M | +9.69% | +25.33% |
| Q3 2024 | 2024-09-30 | $783.0M | −$73.0M | −8.53% | +19.74% |
| Q2 2024 | 2024-06-30 | $571.0M | −$134.0M | −19.01% | +14.18% |
| Q1 2024 | 2024-03-31 | $494.0M | −$121.0M | −19.67% | +12.43% |
| Q4 2023 | 2023-12-31 | $908.0M | $253.0M | +38.63% | +22.80% |
| Q3 2023 | 2023-09-30 | $856.0M | $244.0M | +39.87% | +21.24% |
| Q2 2023 | 2023-06-30 | $705.0M | $285.0M | +67.86% | +17.30% |
| Q1 2023 | 2023-03-31 | $615.0M | $366.0M | +146.99% | +15.30% |
| Q4 2022 | 2022-12-31 | $655.0M | −$40.0M | −5.76% | +16.49% |
| Q3 2022 | 2022-09-30 | $612.0M | $64.0M | +11.68% | +15.26% |
| Q2 2022 | 2022-06-30 | $420.0M | −$57.0M | −11.95% | +10.47% |
| Q1 2022 | 2022-03-31 | $249.0M | −$292.0M | −53.97% | +6.32% |
| Q4 2021 | 2021-12-31 | $695.0M | −$10.0M | −1.42% | +18.89% |
| Q3 2021 | 2021-09-30 | $548.0M | −$83.0M | −13.15% | +15.41% |
| Q2 2021 | 2021-06-30 | $477.0M | −$204.0M | −29.96% | +12.98% |
| Q1 2021 | 2021-03-31 | $541.0M | −$13.0M | −2.35% | +15.27% |
| Q4 2020 | 2020-12-31 | $705.0M | $13.0M | +1.88% | +20.29% |
| Q3 2020 | 2020-09-30 | $631.0M | −$199.0M | −23.98% | +19.08% |
| Q2 2020 | 2020-06-30 | $681.0M | $73.0M | +12.01% | +26.56% |
| Q1 2020 | 2020-03-31 | $554.0M | $15.0M | +2.78% | +17.16% |
| Q4 2019 | 2019-12-31 | $692.0M | −$35.0M | −4.81% | +19.95% |
| Q3 2019 | 2019-09-30 | $830.0M | $87.0M | +11.71% | +23.86% |
| Q2 2019 | 2019-06-30 | $608.0M | $75.0M | +14.07% | +16.85% |
| Q1 2019 | 2019-03-31 | $539.0M | $95.0M | +21.40% | +15.17% |
| Q4 2018 | 2018-12-31 | $727.0M | $110.0M | +17.83% | +20.31% |
| Q3 2018 | 2018-09-30 | $743.0M | $41.0M | +5.84% | +20.56% |
| Q2 2018 | 2018-06-30 | $533.0M | $146.0M | +37.73% | +13.91% |
| Q1 2018 | 2018-03-31 | $444.0M | $45.0M | +11.28% | +11.86% |
| Q4 2017 | 2017-12-31 | $617.0M | $24.0M | +4.05% | +17.00% |
| Q3 2017 | 2017-09-30 | $702.0M | $159.0M | +29.28% | +19.42% |
| Q2 2017 | 2017-06-30 | $387.0M | −$84.0M | −17.83% | +10.75% |
| Q1 2017 | 2017-03-31 | $399.0M | −$23.0M | −5.45% | +11.50% |
| Q4 2016 | 2016-12-31 | $593.0M | −$35.0M | −5.57% | +17.45% |
| Q3 2016 | 2016-09-30 | $543.0M | −$101.0M | −15.68% | +15.54% |
| Q2 2016 | 2016-06-30 | $471.0M | $87.0M | +22.66% | +13.73% |
| Q1 2016 | 2016-03-31 | $422.0M | $63.0M | +17.55% | +12.89% |
| Q4 2015 | 2015-12-31 | $628.0M | $259.0M | +70.19% | +19.18% |
| Q3 2015 | 2015-09-30 | $644.0M | $499.0M | +344.14% | +19.20% |
| Q2 2015 | 2015-06-30 | $384.0M | −$111.0M | −22.42% | +11.18% |
| Q1 2015 | 2015-03-31 | $359.0M | $113.0M | +45.93% | +10.74% |
| Q4 2014 | 2014-12-31 | $369.0M | −$228.0M | −38.19% | +10.53% |
| Q3 2014 | 2014-09-30 | $145.0M | −$587.0M | −80.19% | +3.93% |
| Q2 2014 | 2014-06-30 | $495.0M | −$59.0M | −10.65% | +13.31% |
| Q1 2014 | 2014-03-31 | $246.0M | −$31.0M | −11.19% | +6.89% |
| Q4 2013 | 2013-12-31 | $597.0M | $100.0M | +20.12% | +16.80% |
| Q3 2013 | 2013-09-30 | $732.0M | $187.0M | +34.31% | +20.52% |
| Q2 2013 | 2013-06-30 | $554.0M | $145.0M | +35.45% | +15.42% |
| Q1 2013 | 2013-03-31 | $277.0M | $38.0M | +15.90% | +8.10% |
| Q4 2012 | 2012-12-31 | $497.0M | −$121.0M | −19.58% | +22.22% |
| Q3 2012 | 2012-09-30 | $545.0M | −$159.0M | −22.59% | +14.60% |
| Q2 2012 | 2012-06-30 | $409.0M | $184.0M | +81.78% | +9.16% |
| Q1 2012 | 2012-03-31 | $239.0M | $183.0M | +326.79% | +5.48% |
| Q4 2011 | 2011-12-31 | $618.0M | $350.5M | +131.05% | +58.97% |
| Q3 2011 | 2011-09-30 | $704.0M | $256.4M | +57.27% | +15.37% |
| Q2 2011 | 2011-06-30 | $225.0M | −$44.3M | −16.43% | +4.88% |
| Q1 2011 | 2011-03-31 | $56.0M | −$159.6M | −74.03% | +1.31% |
| Q4 2010 | 2010-12-31 | $267.5M | −$178.4M | −40.01% | +7.02% |
| Q3 2010 | 2010-09-30 | $447.6M | −$68.5M | −13.28% | +11.36% |
| Q2 2010 | 2010-06-30 | $269.3M | −$297.4M | −52.49% | +6.85% |
| Q1 2010 | 2010-03-31 | $215.6M | −$167.4M | −43.71% | +5.77% |
| Q4 2009 | 2009-12-31 | $445.9M | −$153.6M | −25.62% | +12.91% |
| Q3 2009 | 2009-09-30 | $516.2M | — | — | +14.42% |
| Q2 2009 | 2009-06-30 | $566.7M | — | — | +16.70% |
| Q1 2009 | 2009-03-31 | $383.1M | — | — | +12.17% |
| Q3 2008 | 2008-09-30 | $599.5M | — | — | +13.43% |
Illinois Tool Works free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $2.57B to $2.71B, a compound annual growth rate of 1.04%. Illinois Tool Works's latest reported quarter, Q2 2026, generated $631.0M in free cash flow, an increase of 40.53% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Illinois Tool Works filings at SEC.gov ↗