Company Dossier · Industrials
Illinois Tool Works
- S&P 500
- Russell 1000
What Illinois Tool Works is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $16.5 billion, up 4.3% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $2.92 billion, up 7.4% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $0.41 billion, down 2.4% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $1.50 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 28, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
- Guidance in the last 90 days: 2 outlook figures raised, 0 lowered, 2 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 13, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $12.0 million on the open market.SEC Form 4
- 1,981 institutional managers reported a position at June 30, 2026 (+30 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 29 (18 a year earlier).U.S. Department of Labor (OFLC)
Risk events (12 months): 1 — latest OSHA inspection, Apr 20, 2026 →
Company Posture
How Company Posture is measured →What Illinois Tool Works is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Retrenching · Confident
Expanding ↔ Retrenching
Retrenching
- Capital spending43rd pct
- Debt raised—
- Buybacks vs capex14th pct
- Hiring filings51st pct
- Deals and private raises48th pct
- Patent publications23rd pct
Confident ↔ Hedging
Confident
- Call sentiment90th pct
- Call confidence89th pct
- Guidance changes80th pct
- Risk factors added61st pct
- Insider open-market trades65th pct
- + Call sentiment
- + Call confidence
- + Guidance changes
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver94th pct
- Stress filings50th pct
Credit
How these are built →Illinois Tool Works's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$9.7B
- Due within a year $3.1B
- Longer term $6.5B
- Default point $6.4B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$1.5B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Aug 11, 2026 | $1.5B | 4.650% | 2029 (3y) | +45bp | 4.741% |
| May 14, 2024 | €650M | 3.250% | 2028 (4y) | +75bp | 3.379% |
| May 14, 2024 | €850M | 3.375% | 2032 (8y) | +103bp | 3.510% |
From the pricing term sheets Illinois Tool Works filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026PatentPatent granted: DOOR LOCK ASSEMBLYUS 12768207
- Oct 20, 2026PatentPatent granted: DOOR LOCKUS 12768203
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 13, 2026Trademark
- Oct 7, 2026LobbyingLobbying report (HOLLAND & KNIGHT LLP)third_quarter 2026 · $0.0 million
- Sep 30, 2026Trademark
- Sep 29, 2026Trademark
- Sep 18, 2026Trademark
- Sep 10, 2026Trademark
- Jul 10, 2026LobbyingLobbying report (HOLLAND & KNIGHT LLP)second_quarter 2026 · $0.0 million
- May 22, 20268-KDirector or officer changeItem 5.02
- May 12, 20268-KShareholder vote resultsItem 5.07
- Apr 20, 2026Risk event
- Apr 10, 2026LobbyingLobbying report (HOLLAND & KNIGHT LLP)first_quarter 2026 · $0.0 million
- Feb 23, 20268-KMaterial agreement signedItem 1.01
- Feb 23, 20268-KMaterial agreement terminatedItem 1.02
- Feb 13, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Jan 13, 2026LobbyingLobbying report (HOLLAND & KNIGHT LLP)fourth_quarter 2025 · $0.0 million
- Nov 21, 2025LobbyingLobbying report (THE LAURIN BAKER GROUP, LLC)fourth_quarter 2025 · $0.0 million
- Oct 20, 2025LobbyingLobbying report (THE LAURIN BAKER GROUP, LLC)third_quarter 2025 · $0.0 million
- Oct 15, 2025LobbyingLobbying report (HOLLAND & KNIGHT LLP)third_quarter 2025 · $0.0 million
- Sep 18, 2025Risk event
- Jul 18, 2025LobbyingLobbying report (THE LAURIN BAKER GROUP, LLC)second_quarter 2025 · $0.0 million
- Jun 30, 2025Risk event
- May 7, 20258-KShareholder vote resultsItem 5.07
- Apr 1, 2025Risk event
- Feb 27, 20258-KMaterial agreement signedItem 1.01
- Feb 14, 202510-KAnnual report (10-K)0 risk factors added, 0 removed
- Dec 13, 2024Risk event
- Feb 9, 202410-KAnnual report (10-K)0 risk factors added, 1 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Stanley Black & Decker SWK | $15.3B | $1.3B | Jul 4, 2026 |
| Otis Worldwide OTIS | $14.9B | $1.7B | Jun 30, 2026 |
| W. W. Grainger GWW | $18.9B | $1.5B | Jun 30, 2026 |
| Parker Hannifin PH | $21.5B | $3.9B | Jun 30, 2026 |
| Xylem Inc. XYL | $9.1B | $1.0B | Jun 30, 2026 |
| Dover Corporation DOV | $8.4B | $1.2B | Jun 30, 2026 |
| Ingersoll Rand IR | $7.9B | $1.2B | Jun 30, 2026 |
| Hubbell Incorporated HUBB | $6.0B | $0.9B | Mar 31, 2026 |