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ITW Illinois Tool Works Inc

NYSE, CIK 0000049826, fiscal year ends 12/31. Last price 275.75 on 2026-10-23, market value 78.5 billion dollars.

Machine-readable: ITW.json, ITW.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	47	ok	2025-12-31 stale: Revenue	2013–2025	2026-10-23	14 verified, 21 unverified	method
Magic Formula	89	ok	2026-03-31 stale: operating_income_q	—	2026-10-23	—	method
Momentum	64	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	ok	2026-10-23	—	—	—	method
Buffett Quality	80	ok	2026-06-30	2016–2025	2026-10-23	0 verified, 48 unverified	method
Lynch GARP	38	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 6 unverified	method
Graham Enterprising	38	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 12 unverified	method
Piotroski F-Score	56	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	275.75	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	284,800,000	underlying shares	2026-06-30	SEC cover page 10-Q 0000049826-26-000049 (284,800,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/49826/000004982626000049/itw-20260630.htm 0000049826-26-000049
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	78,533,600,000	USD	2026-10-23 shares at 2026-06-30	275.75 (price 2026-10-23) / 1 x 284,800,000 (shares at 2026-06-30) = 78,533,600,000

Graham Defensive

47 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	16.04 revenue $B	>= 1	5.0 / 5
2a Current ratio	1.11	>= 2.0	1.6 / 15
2b Long-term debt vs working capital	10.12 LTD / WC	<= 1.0	0.0 / 15
3 Positive earnings each of 10 years	10 of 10	10 of 10	15.0 / 15
4 Dividends every year for 20 years	20 of 20 XBRL check: 13 years agree, 7 unverified	20 of 20	15.0 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	6.04 -> 10.65 (+76%)	>= +33%	10.0 / 10
6 P/E on 3-year average EPS	25.9	<= 15	0.0 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 27.13, product 702.6	<= 1.5 or <= 22.5	0.0 / 10

Inputs, 37 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	275.75	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	16044000000.0	2025-12-31 stale	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
current_assets	6600000000.0	2026-06-30	SEC XBRL AssetsCurrent 0000049826-26-000049	unverified
current_liabilities	5953000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0000049826-26-000049	unverified
lt_debt	6549000000.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0000049826-26-000049	unverified
equity	2895000000.0	2026-06-30	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-26-000049	unverified
Net income FY2016	2035000000.0	2016-12-31 history	SEC XBRL ProfitLoss 0000049826-19-000021	unverified
Net income FY2017	1687000000.0	2017-12-31 history	SEC XBRL ProfitLoss 0000049826-20-000020	unverified
Net income FY2018	2563000000.0	2018-12-31 history	SEC XBRL ProfitLoss 0000049826-21-000007	unverified
Net income FY2019	2521000000.0	2019-12-31 history	SEC XBRL ProfitLoss 0000049826-22-000006	unverified
Net income FY2020	2109000000.0	2020-12-31 history	SEC XBRL ProfitLoss 0000049826-23-000008	unverified
Net income FY2021	2694000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0000049826-24-000008	unverified
Net income FY2022	3034000000.0	2022-12-31 history	SEC XBRL ProfitLoss 0000049826-25-000007	unverified
Net income FY2023	2957000000.0	2023-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Net income FY2024	3488000000.0	2024-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Net income FY2025	3066000000.0	2025-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Dividend years (Yahoo)	[2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 13 of 20 years)
Dividends per share FY2013 (XBRL)	1.6	2013-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-16-000151	verified
Dividends per share FY2014 (XBRL)	1.81	2014-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-17-000022	verified
Dividends per share FY2015 (XBRL)	2.07	2015-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-18-000017	verified
Dividends per share FY2016 (XBRL)	2.4	2016-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-19-000021	verified
Dividends per share FY2017 (XBRL)	2.86	2017-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-20-000020	verified
Dividends per share FY2018 (XBRL)	3.56	2018-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-21-000007	verified
Dividends per share FY2019 (XBRL)	4.14	2019-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-22-000006	verified
Dividends per share FY2020 (XBRL)	4.42	2020-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-23-000008	verified
Dividends per share FY2021 (XBRL)	4.72	2021-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-24-000008	verified
Dividends per share FY2022 (XBRL)	5.06	2022-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-25-000007	verified
Dividends per share FY2023 (XBRL)	5.42	2023-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-26-000008	verified
Dividends per share FY2024 (XBRL)	5.8	2024-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-26-000008	verified
Dividends per share FY2025 (XBRL)	6.22	2025-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0000049826-26-000008	verified
EPS diluted FY2014	7.28	2014-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-17-000022	unverified
EPS diluted FY2015	5.13	2015-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-18-000017	unverified
EPS diluted FY2016	5.7	2016-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-19-000021	unverified
EPS diluted FY2023	9.74	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-26-000008	unverified
EPS diluted FY2024	11.71	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-26-000008	unverified
EPS diluted FY2025	10.49	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-26-000008	unverified
Shares outstanding	284800000.0	2026-06-30	SEC cover page 10-Q 0000049826-26-000049 (284,800,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/49826/000004982626000049/itw-20260630.htm 0000049826-26-000049	not cross-checked

Magic Formula

89 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (9,649,000,000) - cash	5.0 % (rank 77)
Return on capital (EBIT/(NWC+PPE)) net working capital 647,000,000 used as reported	151.42 % (rank 21)
Combined rank	98

Inputs, 14 numbers with their sources

Input	Value	Period	Source	Check
operating_income	4216000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-26-000008	not cross-checked
operating_income_q	1020000000.0	2026-03-31 stale	SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0000049826-26-000028	not cross-checked
operating_income_q	951000000.0	2025-03-31 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0000049826-26-000028	not cross-checked
operating_income_q	1147000000.0	2026-06-30	SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0000049826-26-000049	not cross-checked
operating_income_q	1068000000.0	2025-06-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0000049826-26-000049	not cross-checked
current_assets	6600000000.0	2026-06-30	SEC XBRL AssetsCurrent 0000049826-26-000049	not cross-checked
current_liabilities	5953000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0000049826-26-000049	not cross-checked
cash	839000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0000049826-26-000049	not cross-checked
ppe_net	2235000000.0	2026-06-30	SEC XBRL PropertyPlantAndEquipmentNet 0000049826-26-000049	not cross-checked
debt_incl_current	7549000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities 0000049826-26-000049	not cross-checked
debt_short	2100000000.0	2026-06-30	SEC XBRL CommercialPaper 0000049826-26-000049	not cross-checked
shares_out	284800000.0	2026-06-30	SEC cover page 10-Q 0000049826-26-000049 (284,800,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/49826/000004982626000049/itw-20260630.htm 0000049826-26-000049	not cross-checked
Price (close)	275.75	2026-10-23	Yahoo Finance / Alpaca Market Data	not cross-checked
note	debt = LongTermDebt (incl. current maturities) + short-term borrowings			not cross-checked

Momentum

64 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	8.2 % (percentile 52.6)	26.3 / 50
6 month return	2.2 % (percentile 46.8)	9.4 / 20
Price / 52-week high	0.933	14.0 / 15
Volatility penalty (60d annualised)	17.4 %	13.9 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	275.75	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. ok. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.0 bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	1.52 bp	-7.6 / 0

Inputs, 5 numbers with their sources

Input	Value	Period	Source	Check
Form 4 S SANTI ERNEST SCOTT 2026-08-19	2573228.16	2026-08-19	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 S SANTI ERNEST SCOTT 2026-08-19	2339603.7	2026-08-19	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 S SANTI ERNEST SCOTT 2026-08-19	6435020.2700000005	2026-08-19	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 S SANTI ERNEST SCOTT 2026-08-19	546569.1	2026-08-19	SEC Form 4 (insider transactions data set)	not cross-checked
Form 4 S Pigozzo Matteo C. 2026-08-13	80113.94	2026-08-13	SEC Form 4 (insider transactions data set)	not cross-checked

Buffett Quality

80 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	87.4% over 8 yrs	>= 15%	25.0 / 25
2 Profitable every year	10 of 10	all years	15.0 / 15
3 Net income growth, 3-yr average now vs start of window	+6.1% a year	>= +10%	6.1 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebt (incl. current maturities) + short-term borrowings	3.0 years	<= 4	15.0 / 15
5 Operating margin, 5-yr average	25.2%	>= 20%	10.0 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)	0.84	>= 1.0	6.8 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	3.7%	>= 7%	2.5 / 15

Inputs, 50 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	275.75	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	2563000000.0	2018-12-31 history	SEC XBRL ProfitLoss 0000049826-21-000007	unverified
Equity at FY2018 end	3258000000.0	2018-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-22-000006	unverified
Net income FY2019	2521000000.0	2019-12-31 history	SEC XBRL ProfitLoss 0000049826-22-000006	unverified
Equity at FY2019 end	3030000000.0	2019-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-23-000008	unverified
Net income FY2020	2109000000.0	2020-12-31 history	SEC XBRL ProfitLoss 0000049826-23-000008	unverified
Equity at FY2020 end	3182000000.0	2020-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-24-000008	unverified
Net income FY2021	2694000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0000049826-24-000008	unverified
Equity at FY2021 end	3626000000.0	2021-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-25-000007	unverified
Net income FY2022	3034000000.0	2022-12-31 history	SEC XBRL ProfitLoss 0000049826-25-000007	unverified
Equity at FY2022 end	3089000000.0	2022-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-26-000008	unverified
Net income FY2023	2957000000.0	2023-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Equity at FY2023 end	3013000000.0	2023-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-26-000008	unverified
Net income FY2024	3488000000.0	2024-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Equity at FY2024 end	3317000000.0	2024-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-26-000049	unverified
Net income FY2025	3066000000.0	2025-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Equity at FY2025 end	3226000000.0	2025-12-31 history	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-26-000049	unverified
Net income FY2016	2035000000.0	2016-12-31 history	SEC XBRL ProfitLoss 0000049826-19-000021	unverified
Net income FY2017	1687000000.0	2017-12-31 history	SEC XBRL ProfitLoss 0000049826-20-000020	unverified
Net income FY2018	2563000000.0	2018-12-31 history	SEC XBRL ProfitLoss 0000049826-21-000007	unverified
Net income FY2019	2521000000.0	2019-12-31 history	SEC XBRL ProfitLoss 0000049826-22-000006	unverified
Net income FY2020	2109000000.0	2020-12-31 history	SEC XBRL ProfitLoss 0000049826-23-000008	unverified
Net income FY2021	2694000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0000049826-24-000008	unverified
Net income FY2022	3034000000.0	2022-12-31 history	SEC XBRL ProfitLoss 0000049826-25-000007	unverified
Net income FY2023	2957000000.0	2023-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Net income FY2024	3488000000.0	2024-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Net income FY2025	3066000000.0	2025-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
debt_incl_current	7549000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities 0000049826-26-000049	unverified
debt_short	2100000000.0	2026-06-30	SEC XBRL CommercialPaper 0000049826-26-000049	unverified
Operating income FY2021	3477000000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-24-000008	unverified
Revenue FY2021	14455000000.0	2021-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-24-000008	unverified
Operating income FY2022	3790000000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-25-000007	unverified
Revenue FY2022	15932000000.0	2022-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-25-000007	unverified
Operating income FY2023	4040000000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-26-000008	unverified
Revenue FY2023	16107000000.0	2023-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
Operating income FY2024	4264000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-26-000008	unverified
Revenue FY2024	15898000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
Operating income FY2025	4216000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-26-000008	unverified
Revenue FY2025	16044000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
Operating cash flow FY2021	2557000000.0	2021-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000049826-24-000008	unverified
Capital expenditure FY2021	296000000.0	2021-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000049826-24-000008	unverified
Operating cash flow FY2022	2348000000.0	2022-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000049826-25-000007	unverified
Capital expenditure FY2022	412000000.0	2022-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000049826-25-000007	unverified
Operating cash flow FY2023	3539000000.0	2023-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000049826-26-000008	unverified
Capital expenditure FY2023	455000000.0	2023-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000049826-26-000008	unverified
Operating cash flow FY2024	3281000000.0	2024-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000049826-26-000008	unverified
Capital expenditure FY2024	437000000.0	2024-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000049826-26-000008	unverified
Operating cash flow FY2025	3126000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000049826-26-000008	unverified
Capital expenditure FY2025	419000000.0	2025-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000049826-26-000008	unverified
Shares outstanding	284800000.0	2026-06-30	SEC cover page 10-Q 0000049826-26-000049 (284,800,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/49826/000004982626000049/itw-20260630.htm 0000049826-26-000049	not cross-checked

Lynch GARP

38 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points)	2.74	<= 1.0	0.0 / 30
2 EPS growth, 5-yr compound rate	+9.6% a year	12% to 35% a year	16.0 / 20
3 P/E on latest annual EPS	26.3	<= 25	9.1 / 10
4 Borrowings / equity LongTermDebt (incl. current maturities) + short-term borrowings	3.33	<= 0.5	0.0 / 15
5 Years of the last 5 in which EPS rose	3 of 5	5 of 5	9.0 / 15
6 Net cash (cash minus borrowings) / market cap	-11.2%	>= +10%	3.9 / 10

Inputs, 7 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	275.75	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	10.49	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-26-000008	unverified
EPS diluted FY2020	6.63	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-23-000008	unverified
debt_incl_current	7549000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities 0000049826-26-000049	unverified
debt_short	2100000000.0	2026-06-30	SEC XBRL CommercialPaper 0000049826-26-000049	unverified
equity	2895000000.0	2026-06-30	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-26-000049	unverified
cash	839000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0000049826-26-000049	unverified

Graham Enterprising

38 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	1.11	>= 1.5	3.3 / 15
2 Borrowings vs working capital LongTermDebt (incl. current maturities) + short-term borrowings	14.91 x	<= 1.1x	0.0 / 15
3 No earnings deficit in the last 5 years	5 of 5 profitable	5 of 5	15.0 / 15
4 Pays a current dividend	yes	yes	10.0 / 10
5 EPS higher than five years earlier	6.63 -> 10.49	higher	10.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	27.13	<= 1.2	0.0 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive	—	<= 0.67	0.0 / 15

Inputs, 15 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	275.75	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	6600000000.0	2026-06-30	SEC XBRL AssetsCurrent 0000049826-26-000049	unverified
current_liabilities	5953000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0000049826-26-000049	unverified
debt_incl_current	7549000000.0	2026-06-30	SEC XBRL LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities 0000049826-26-000049	unverified
debt_short	2100000000.0	2026-06-30	SEC XBRL CommercialPaper 0000049826-26-000049	unverified
Net income FY2021	2694000000.0	2021-12-31 history	SEC XBRL ProfitLoss 0000049826-24-000008	unverified
Net income FY2022	3034000000.0	2022-12-31 history	SEC XBRL ProfitLoss 0000049826-25-000007	unverified
Net income FY2023	2957000000.0	2023-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Net income FY2024	3488000000.0	2024-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Net income FY2025	3066000000.0	2025-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
Dividend years (Yahoo)	[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	10.49	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-26-000008	unverified
EPS diluted FY2020	6.63	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0000049826-23-000008	unverified
equity	2895000000.0	2026-06-30	SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 0000049826-26-000049	unverified
Shares outstanding	284800000.0	2026-06-30	SEC cover page 10-Q 0000049826-26-000049 (284,800,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/49826/000004982626000049/itw-20260630.htm 0000049826-26-000049	not cross-checked

Piotroski F-Score

56 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	19.0%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	3,126M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	23.1% -> 19.0%	pass = 1	0.0 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	3,126M vs 3,066M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell	41.9% -> 41.4%	pass = 1	11.11111111111111 / 11.11111111111111
6 Current ratio improved	1.36 -> 1.21	pass = 1	0.0 / 11.11111111111111
7 No new shares issued (share count did not rise)	292M -> 285M	pass = 1	11.11111111111111 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	26.8% -> 26.3%	pass = 1	0.0 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	1.06 -> 0.99	pass = 1	0.0 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	3066000000.0	2025-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
total_assets 2025-12-31	16148000000.0	2025-12-31 history	SEC XBRL Assets 0000049826-26-000049	unverified
cfo 2025-12-31	3126000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000049826-26-000008	unverified
net_income 2025-12-31	3066000000.0	2025-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
net_income 2024-12-31	3488000000.0	2024-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
total_assets 2025-12-31	16148000000.0	2025-12-31 history	SEC XBRL Assets 0000049826-26-000049	unverified
total_assets 2024-12-31	15067000000.0	2024-12-31 history	SEC XBRL Assets 0000049826-26-000008	unverified
cfo 2025-12-31	3126000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000049826-26-000008	unverified
net_income 2025-12-31	3066000000.0	2025-12-31 history	SEC XBRL ProfitLoss 0000049826-26-000008	unverified
lt_debt 2025-12-31	6683000000.0	2025-12-31 history	SEC XBRL LongTermDebtNoncurrent 0000049826-26-000049	unverified
lt_debt 2024-12-31	6308000000.0	2024-12-31 history	SEC XBRL LongTermDebtNoncurrent 0000049826-26-000008	unverified
total_assets 2025-12-31	16148000000.0	2025-12-31 history	SEC XBRL Assets 0000049826-26-000049	unverified
total_assets 2024-12-31	15067000000.0	2024-12-31 history	SEC XBRL Assets 0000049826-26-000008	unverified
current_assets 2025-12-31	6200000000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0000049826-26-000049	unverified
current_assets 2024-12-31	5856000000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0000049826-26-000008	unverified
current_liabilities 2025-12-31	5126000000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0000049826-26-000049	unverified
current_liabilities 2024-12-31	4308000000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0000049826-26-000008	unverified
shares_out 2026-06-30	284800000.0	2026-06-30 history	SEC XBRL EntityCommonStockSharesOutstanding 0000049826-26-000049	unverified
shares_out 2025-06-30	291500000.0	2025-06-30 history	SEC XBRL EntityCommonStockSharesOutstanding 0000049826-25-000037	unverified
operating_income 2025-12-31	4216000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-26-000008	unverified
operating_income 2024-12-31	4264000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0000049826-26-000008	unverified
revenue 2025-12-31	16044000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
revenue 2024-12-31	15898000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
revenue 2025-12-31	16044000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
revenue 2024-12-31	15898000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000049826-26-000008	unverified
total_assets 2025-12-31	16148000000.0	2025-12-31 history	SEC XBRL Assets 0000049826-26-000049	unverified
total_assets 2024-12-31	15067000000.0	2024-12-31 history	SEC XBRL Assets 0000049826-26-000008	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2013	2013-12-31	14,135	1,679	3.74	paid	0000049826-16-000151
2014	2014-12-31	14,484	2,946	7.28	paid	0000049826-17-000022
2015	2015-12-31	13,405	1,899	5.13	paid	0000049826-18-000017
2016	2016-12-31	13,599	2,035	5.7	paid	0000049826-19-000021
2017	2017-12-31	14,314	1,687	4.86	paid	0000049826-20-000020
2018	2018-12-31	14,768	2,563	7.6	paid	0000049826-21-000007
2019	2019-12-31	14,109	2,521	7.74	paid	0000049826-22-000006
2020	2020-12-31	12,574	2,109	6.63	paid	0000049826-23-000008
2021	2021-12-31	14,455	2,694	8.51	paid	0000049826-24-000008
2022	2022-12-31	15,932	3,034	9.77	paid	0000049826-25-000007
2023	2023-12-31	16,107	2,957	9.74	paid	0000049826-26-000008
2024	2024-12-31	15,898	3,488	11.71	paid	0000049826-26-000008
2025	2025-12-31	16,044	3,066	10.49	paid	0000049826-26-000008

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

Date	Insider	Role	Type	Shares	Price	Value
2026-08-19	Santi Ernest Scott	director	sale	8,928	288.22	2,573,228
2026-08-19	Santi Ernest Scott	director	sale	8,142	287.35	2,339,604
2026-08-19	Santi Ernest Scott	director	sale	22,471	286.37	6,435,020
2026-08-19	Santi Ernest Scott	director	sale	1,890	289.19	546,569
2026-08-13	Pigozzo Matteo C.	officer	sale	277	289.22	80,114
2026-06-02	Scanlon Jennifer F.	director	buy	806	247.99	199,880

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/ITW; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.