Illinois Tool Works annual return on equity
2009
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2024
2025
Illinois Tool Works Return on Equity (ROE) Growth & History (ITW)
Illinois Tool Works's return on equity was 93.72% for fiscal 2025.
View full Illinois Tool Works company overviewIllinois Tool Works annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 93.72% | −16.49 pp |
| 2024 | 2024-12-31 | 110.21% | +13.29 pp |
| 2023 | 2023-12-31 | 96.92% | +6.55 pp |
| 2022 | 2022-12-31 | 90.36% | +11.22 pp |
| 2021 | 2021-12-31 | 79.14% | +11.24 pp |
| 2020 | 2020-12-31 | 67.90% | −12.28 pp |
| 2019 | 2019-12-31 | 80.18% | +14.86 pp |
| 2018 | 2018-12-31 | 65.32% | +27.19 pp |
| 2017 | 2017-12-31 | 38.13% | −4.77 pp |
| 2016 | 2016-12-31 | 42.90% | +11.39 pp |
| 2015 | 2015-12-31 | 31.51% | −4.12 pp |
| 2014 | 2014-12-31 | 35.64% | +19.08 pp |
| 2013 | 2013-12-31 | 16.56% | −11.30 pp |
| 2012 | 2012-12-31 | 27.86% | +6.73 pp |
| 2011 | 2011-12-31 | 21.13% | +4.78 pp |
| 2010 | 2010-12-31 | 16.35% | +4.55 pp |
| 2009 | 2009-12-31 | 11.80% | — |
Illinois Tool Works quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 26.61% | +3.21 pp |
| Q1 2026 | 2026-03-31 | 23.79% | +2.45 pp |
| Q4 2025 | 2025-12-31 | 24.55% | +2.20 pp |
| Q3 2025 | 2025-09-30 | 25.58% | −10.94 pp |
| Q2 2025 | 2025-06-30 | 23.40% | −1.97 pp |
| Q1 2025 | 2025-03-31 | 21.34% | −5.80 pp |
| Q4 2024 | 2024-12-31 | 22.36% | −1.47 pp |
| Q3 2024 | 2024-09-30 | 36.51% | +11.19 pp |
| Q2 2024 | 2024-06-30 | 25.37% | +1.03 pp |
| Q1 2024 | 2024-03-31 | 27.15% | +4.08 pp |
| Q4 2023 | 2023-12-31 | 23.83% | −5.89 pp |
| Q3 2023 | 2023-09-30 | 25.32% | +2.58 pp |
| Q2 2023 | 2023-06-30 | 24.34% | +3.14 pp |
| Q1 2023 | 2023-03-31 | 23.07% | +4.70 pp |
| Q4 2022 | 2022-12-31 | 29.72% | +12.61 pp |
| Q3 2022 | 2022-09-30 | 22.74% | +4.52 pp |
| Q2 2022 | 2022-06-30 | 21.20% | −1.60 pp |
| Q1 2022 | 2022-03-31 | 18.37% | −2.41 pp |
| Q4 2021 | 2021-12-31 | 17.11% | −4.73 pp |
| Q3 2021 | 2021-09-30 | 18.22% | −4.81 pp |
| Q2 2021 | 2021-06-30 | 22.80% | +9.06 pp |
| Q1 2021 | 2021-03-31 | 20.78% | −0.52 pp |
| Q4 2020 | 2020-12-31 | 21.84% | +0.47 pp |
| Q3 2020 | 2020-09-30 | 23.03% | +1.26 pp |
| Q2 2020 | 2020-06-30 | 13.74% | −6.05 pp |
| Q1 2020 | 2020-03-31 | 21.30% | +2.81 pp |
| Q4 2019 | 2019-12-31 | 21.37% | +3.52 pp |
| Q3 2019 | 2019-09-30 | 21.76% | +4.37 pp |
| Q2 2019 | 2019-06-30 | 19.79% | +3.04 pp |
| Q1 2019 | 2019-03-31 | 18.49% | +3.59 pp |
| Q4 2018 | 2018-12-31 | 17.84% | +19.42 pp |
| Q3 2018 | 2018-09-30 | 17.40% | +4.34 pp |
| Q2 2018 | 2018-06-30 | 16.75% | +4.09 pp |
| Q1 2018 | 2018-03-31 | 14.90% | +2.66 pp |
| Q4 2017 | 2017-12-31 | −1.58% | −12.78 pp |
| Q3 2017 | 2017-09-30 | 13.06% | +2.08 pp |
| Q2 2017 | 2017-06-30 | 12.66% | +2.34 pp |
| Q1 2017 | 2017-03-31 | 12.24% | +3.28 pp |
| Q4 2016 | 2016-12-31 | 11.20% | +2.48 pp |
| Q3 2016 | 2016-09-30 | 10.98% | +1.15 pp |
| Q2 2016 | 2016-06-30 | 10.32% | +0.99 pp |
| Q1 2016 | 2016-03-31 | 8.96% | +1.20 pp |
| Q4 2015 | 2015-12-31 | 8.72% | +2.57 pp |
| Q3 2015 | 2015-09-30 | 9.83% | +3.29 pp |
| Q2 2015 | 2015-06-30 | 9.33% | −8.20 pp |
| Q1 2015 | 2015-03-31 | 7.76% | +2.59 pp |
| Q4 2014 | 2014-12-31 | 6.15% | +2.11 pp |
| Q3 2014 | 2014-09-30 | 6.54% | +2.17 pp |
| Q2 2014 | 2014-06-30 | 17.53% | +13.00 pp |
| Q1 2014 | 2014-03-31 | 5.17% | +1.78 pp |
| Q4 2013 | 2013-12-31 | 4.04% | −5.35 pp |
| Q3 2013 | 2013-09-30 | 4.37% | −0.78 pp |
| Q2 2013 | 2013-06-30 | 4.53% | −4.17 pp |
| Q1 2013 | 2013-03-31 | 3.40% | −1.42 pp |
| Q4 2012 | 2012-12-31 | 9.40% | +4.95 pp |
| Q3 2012 | 2012-09-30 | 5.15% | +0.15 pp |
| Q2 2012 | 2012-06-30 | 8.71% | +3.91 pp |
| Q1 2012 | 2012-03-31 | 4.82% | −1.43 pp |
| Q4 2011 | 2011-12-31 | 4.45% | +0.81 pp |
| Q3 2011 | 2011-09-30 | 5.00% | +0.21 pp |
| Q2 2011 | 2011-06-30 | 4.80% | +0.09 pp |
| Q1 2011 | 2011-03-31 | 6.25% | +2.44 pp |
| Q4 2010 | 2010-12-31 | 3.64% | −2.61 pp |
| Q3 2010 | 2010-09-30 | 4.79% | +1.05 pp |
| Q2 2010 | 2010-06-30 | 4.71% | +2.45 pp |
| Q1 2010 | 2010-03-31 | 3.80% | — |
| Q4 2009 | 2009-12-31 | 6.25% | — |
| Q3 2009 | 2009-09-30 | 3.74% | — |
| Q2 2009 | 2009-06-30 | 2.26% | — |
Illinois Tool Works return on equity trends
Over the last five fiscal years, Illinois Tool Works's return on equity increased from 67.90% to 93.72%, a change of +25.82 percentage points. The latest reported quarter, Q2 2026, shows 26.61%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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