Illinois Tool Works Inc. Financial Ratios — ILT Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	21.36	27.89	16.57	35.66	31.54	42.94	38.17	65.39	80.29	67.96	79.17	90.39	96.95	110.24	93.75
Return on Assets (%)	12.1	15.39	8.55	15.74	11.44	13.16	10.55	16.2	16.84	13.75	17	19.26	19.11	22.81	19.64
Return on Capital (%)	16.95	20.37	11.65	20.6	15.3	17.79	14.57	23.41	24.91	20.21	24.85	28.34	28.21	32.59	27.62
Return on Invested Capital (%)	14.09	11.56	10.96	13.28	14.82	17.13	14.23	22.83	24.02	19.95	24.41	26.35	27.53	29.08	26.92
Gross Margin (%)	37.38	38.25	39.48	40.12	41.16	41.85	41.97	41.74	41.97	41.35	41.27	40.82	42.16	44.28	44.1
EBITDA Margin (%)	20.36	20.88	22.12	23.44	24.95	25.93	27.57	27.39	27.13	26.32	26.89	26.36	27.53	29.35	28.75
Operating Margin (%)	16.27	16.75	17.8	19.94	21.39	22.47	23.68	24.27	24.11	22.92	24.05	23.79	25.08	26.82	26.28
Incremental Operating Margin (%)	- -	42.03	- -	106.59	1.95	97.42	46.71	42.73	27.62	33.88	31.63	21.19	142.86	- -	- -
Pretax Margin (%)	15.32	21.68	16.6	18.63	20.28	21.38	22.84	22.98	23.3	21.5	23.01	24.11	23.74	27.81	24.72
Profit Margin (%)	14.27	19.4	11.88	20.34	14.17	14.96	11.79	17.36	17.87	16.77	18.64	19.04	18.36	21.94	19.11
Net Income to Common Margin (%)	14.27	19.4	11.88	20.34	14.17	14.96	11.79	17.36	17.87	16.77	18.64	19.04	18.36	21.94	19.11
Effective Tax Rate (%)	20.15	30.35	30.55	29.97	30.16	30.02	48.41	24.48	23.33	22	19	21.03	22.65	21.12	22.69
Dvd Payout Ratio (%)	38.31	38.74	32.39	37.62	39.07	40.34	55.78	43.85	52.4	65.39	54.31	50.82	54.62	48.6	58.22
Sustainable Growth Rate (%)	13.18	17.09	11.2	22.25	19.21	25.62	16.88	36.71	38.22	23.52	36.17	44.45	44	56.67	39.17

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	3,990	5,048	6,344	7,419	7,422	7,829	8,328	7,380	7,937	8,310	7,881	7,949	8,370	8,078	9,211
ST Debt	502	459	3,551	1,476	526	652	850	1,351	55	405	839	1,645	1,883	1,612	2,348
LT Debt	3,488	4,589	2,793	5,943	6,896	7,177	7,478	6,029	7,882	7,905	7,042	6,304	6,487	6,466	6,863
Total Debt/EBITDA	1.35	1.63	2.03	2.19	2.22	2.22	2.11	1.82	2.07	2.51	2.03	1.89	1.89	1.73	2
Net Debt/EBITDA	0.95	0.73	0.87	1.01	1.3	1.52	1.33	1.45	1.51	1.68	1.58	1.68	1.6	1.48	1.76
Total Debt/EBIT	1.69	2.04	2.52	2.57	2.59	2.56	2.39	2.06	2.33	2.88	2.27	2.1	2.07	1.89	2.18
Net Debt/EBIT	1.19	0.92	1.08	1.19	1.51	1.75	1.5	1.64	1.7	1.93	1.77	1.86	1.76	1.62	1.93
EBITDA to Interest Expense	15.47	14.5	13.08	13.58	14.8	14.88	15.18	15.74	17.32	16.06	19.24	20.69	16.67	16.49	15.8
EBITDA-CapEx/Interest Expense	13.62	12.7	11.54	12.14	13.54	13.73	14.04	14.32	15.85	14.92	17.78	18.66	14.96	14.94	14.36
EBIT to Interest Expense	12.36	11.63	10.53	11.55	12.69	12.89	13.04	13.95	15.39	13.99	17.21	18.67	15.19	15.07	14.44
Interest Expense	191	213	239	250	226	237	260	257	221	206	202	203	266	283	292
Common Equity/Total Assets	55.7	54.69	48.6	39.04	33.21	27.99	27.32	21.88	20.08	20.38	22.55	20.02	19.41	22.01	19.97
Long-Term Debt/Equity (%)	34.76	43.42	28.77	87.09	131.91	168.51	162.95	185.05	260.13	248.43	194.21	204.08	215.3	194.94	212.74
Long-Term Debt/Capital (%)	24.87	29.38	17.4	41.73	54.51	59.37	57.89	56.67	71.87	68.79	61.2	57.11	56.99	56.74	55.18
Long-Term Debt/Total Assets (%)	19.4	23.77	13.99	34.03	43.84	47.21	44.56	40.54	52.31	50.63	43.8	40.88	41.8	42.91	42.5
Total Debt/Equity (%)	39.76	47.76	65.34	108.72	141.97	183.82	181.48	226.52	261.95	261.16	217.35	257.33	277.8	243.53	285.52
Total Debt/Capital (%)	28.45	32.32	39.52	52.09	58.67	64.77	64.47	69.37	72.37	72.31	68.49	72.01	73.53	70.89	74.06
Total Debt/Total Assets (%)	22.19	26.14	31.77	42.48	47.19	51.5	49.63	49.63	52.67	53.23	49.02	51.54	53.94	53.61	57.04
Net Debt to Equity	28.02	21.47	28.08	50.25	82.86	125.78	114.06	180.36	190.66	174.67	169.88	228.39	235.61	208.47	251.64
Net Debt/Capital (%)	21.89	17.67	21.92	33.44	45.31	55.71	53.28	64.33	64.29	62.25	61.72	68.3	68.8	66.19	70.07
EBITDA	2,955	3,088	3,127	3,395	3,344	3,526	3,947	4,045	3,828	3,309	3,887	4,200	4,435	4,666	4,613
EBITDA-CapEx	2,602	2,706	2,759	3,034	3,060	3,253	3,650	3,681	3,502	3,073	3,591	3,788	3,980	4,229	4,194
Operating Income (Loss)	2,361	2,477	2,516	2,888	2,867	3,056	3,390	3,584	3,402	2,882	3,477	3,790	4,040	4,264	4,216

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.4	1.05	0.6	1.13	1.3	0.9	1.01	0.42	0.92	0.99	0.44	0.16	0.23	0.22	0.17
Current Ratio	2.3	3	1.63	2.23	2.84	2.22	2.38	1.63	2.9	2.52	1.84	1.41	1.33	1.36	1.21
Quick Ratio	1.4	2.2	1.02	1.83	2.32	1.78	1.94	1.21	2.13	2	1.29	0.89	0.92	0.94	0.83
CFO/Avg Current Liab	0.64	0.74	0.58	0.34	0.78	0.9	0.83	0.85	1.05	1.18	0.84	0.59	0.77	0.73	0.66
Common Equity/Total Assets	55.7	54.69	48.6	39.04	33.21	27.99	27.32	21.88	20.08	20.38	22.55	20.02	19.41	22.01	19.97
Long-Term Debt/Equity (%)	34.76	43.42	28.77	87.09	131.91	168.51	162.95	185.05	260.13	248.43	194.21	204.08	215.3	194.94	212.74
Long-Term Debt/Capital (%)	24.87	29.38	17.4	41.73	54.51	59.37	57.89	56.67	71.87	68.79	61.2	57.11	56.99	56.74	55.18
Long-Term Debt/Total Assets (%)	19.4	23.77	13.99	34.03	43.84	47.21	44.56	40.54	52.31	50.63	43.8	40.88	41.8	42.91	42.5
Total Debt/Equity (%)	39.76	47.76	65.34	108.72	141.97	183.82	181.48	226.52	261.95	261.16	217.35	257.33	277.8	243.53	285.52
Total Debt/Capital (%)	28.45	32.32	39.52	52.09	58.67	64.77	64.47	69.37	72.37	72.31	68.49	72.01	73.53	70.89	74.06
Total Debt/Total Assets (%)	22.19	26.14	31.77	42.48	47.19	51.5	49.63	49.63	52.67	53.23	49.02	51.54	53.94	53.61	57.04
CFO/Total Liabilities	24.6	23.71	24.65	15.19	21.89	21.04	19.7	24.21	24.88	22.58	20.54	19.04	28.3	27.92	24.19
CFO/CapEx	5.54	5.42	6.87	4.48	8.1	8.43	8.09	7.72	9.19	11.89	8.64	5.7	7.78	7.51	7.46
Altman's Z-Score	- -	6.13	5.77	6.92	7.48	8.33	8.28	8.58	9.21	8.91	9.97	10.11	10.72	11.31	10.39

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	5.32	5.54	6.22	5.96	5.96	5.74	5.63	5.55	5.06	5.41	5.3	5.12	5.2	5.16
Days Sales Outstanding	- -	68.61	65.94	58.69	61.21	61.2	63.56	64.88	65.75	72.09	67.5	68.86	71.31	70.19	70.73
Inventory Turnover	5.57	5.53	6.04	7.15	6.96	7.32	7.24	6.78	6.6	6.27	5.89	5.03	4.95	5.35	5.5
Days Inventory Outstanding	65.53	65.95	60.42	51.07	52.43	49.89	50.45	53.83	55.33	58.23	61.98	72.54	73.68	68.24	66.42
Accounts Payable Turnover	12.76	13.11	12.54	15.02	16.22	16.45	15.35	15.62	16.13	14.71	16.08	16.61	15.27	15.92	17.34
Accounts Payable Turnover Days	28.61	27.83	29.1	24.3	22.5	22.18	23.78	23.36	22.63	24.81	22.71	21.98	23.91	22.93	21.06
Cash Conversion Cycle	- -	106.74	97.26	85.46	91.13	88.91	90.23	95.35	98.45	105.51	106.77	119.42	121.08	115.49	116.09
Inventory to Cash Days	- -	2.66	5.52	7.62	8.78	11.3	13.11	11.04	10.42	13.86	5.52	-3.69	-2.36	1.95	4.31
Inventories	1,716	1,585	1,247	1,180	1,086	1,076	1,220	1,318	1,164	1,189	1,694	2,054	1,707	1,605	1,659
Raw Materials	596	539	482	458	415	407	465	523	452	454	716	887	742	635	640
Work In Process	156	152	150	133	130	126	141	161	131	136	208	228	234	193	191
Finished Goods	964	894	700	677	622	629	703	731	670	681	888	1,050	848	777	828
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	27,514	36,006	36,838	34,221	42,535	57,100	41,323	57,619	63,815	76,922	67,604	78,279	74,678	72,464
- Cash & Cash Equivalents	1,178	2,779	3,618	3,990	3,090	2,472	3,094	1,504	1,981	2,564	1,527	708	1,065	948	851
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	17	9	6	5	4	5	4	4	4	1	1	1	1	1	1
+ Total Debt	3,990	5,048	6,344	7,419	7,422	7,829	8,328	7,380	7,937	8,310	7,881	7,949	8,370	8,078	9,211
Enterprise Value	- -	29,792	38,738	40,272	38,557	47,897	62,338	47,203	63,579	69,562	83,277	74,846	85,585	81,809	80,825
Total Capital	14,024	15,618	16,053	14,243	12,650	12,088	12,917	10,638	10,967	11,492	11,507	11,038	11,383	11,395	12,437
Total Debt/Capital (%)	28.45	32.32	39.52	52.09	58.67	64.77	64.47	69.37	72.37	72.31	68.49	72.01	73.53	70.89	74.06
Total Debt / EV	- -	0.17	0.16	0.18	0.19	0.16	0.13	0.16	0.12	0.12	0.09	0.11	0.1	0.1	0.11
EV/Sales	- -	2.01	2.74	2.78	2.88	3.52	4.36	3.2	4.51	5.53	5.76	4.7	5.31	5.15	5.04
EV/EBITDA	- -	9.65	12.39	11.86	11.53	13.58	15.79	11.67	16.61	21.02	21.42	17.82	19.3	17.53	17.52
EV/EBIT	- -	12.04	15.41	13.94	13.45	15.67	17.89	13.17	18.69	24.14	23.95	19.75	21.18	19.19	19.17
EV/Cash Flow to Firm	- -	13.42	14.38	22.49	15.69	19.41	24.58	15.71	20.09	23.44	30.61	29.84	22.85	23.35	24.11
EV/Free Cash Flow to Firm	- -	16.21	16.65	28.16	17.75	21.82	27.84	17.87	22.4	25.47	34.35	35.7	26.02	26.67	27.56
Diluted Market Cap	- -	28,612	37,601	38,923	34,823	43,786	57,987	42,457	58,664	64,138	77,783	68,867	79,394	75,644	73,393
Diluted Enterprise Value	- -	30,890	40,333	42,357	39,159	49,148	63,225	48,337	64,624	69,885	84,138	76,109	86,700	82,775	81,754
EV per Share	- -	65.47	90.04	105.17	106.01	138.07	182.54	143.87	198.81	219.65	266.15	245.4	285.92	278.26	280.06
TTM Sales	14,515	14,791	14,135	14,484	13,405	13,599	14,314	14,768	14,109	12,574	14,455	15,932	16,107	15,898	16,044
TTM EBITDA	2,955	3,088	3,127	3,395	3,344	3,526	3,947	4,045	3,828	3,309	3,887	4,200	4,435	4,666	4,613
TTM Operating Income	2,361	2,477	2,516	2,888	2,867	3,056	3,390	3,584	3,402	2,882	3,477	3,790	4,040	4,264	4,216
TTM Cash Flow to Firm	2,109	2,220	2,694	1,791	2,457	2,468	2,536	3,005	3,164	2,968	2,721	2,508	3,745	3,504	3,352
TTM Free Cash Flow to Firm	1,756	1,838	2,326	1,430	2,173	2,195	2,239	2,641	2,838	2,732	2,425	2,096	3,290	3,067	2,933

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	16.93	17.41	31.01	17.28	21.58	27.55	17.35	21.98	24.95	34.4	35.57	25.74	26.6	27.11
EV/EBIT	- -	12.04	15.41	13.94	13.45	15.67	17.89	13.17	18.69	24.14	23.95	19.75	21.18	19.19	19.17
Enterprise Value	- -	29,792	38,738	40,272	38,557	47,897	62,338	47,203	63,579	69,562	83,277	74,846	85,585	81,809	80,825
Low Price	- -	58.07	59.77	78.37	79.64	79.54	120.03	119.73	123.09	117.48	192.81	174.42	217.74	231.73	214.62
EV/Sales	- -	2.01	2.74	2.78	2.88	3.52	4.36	3.2	4.51	5.53	5.76	4.7	5.31	5.15	5.04
EV/EBITDA	- -	9.65	12.39	11.86	11.53	13.58	15.79	11.67	16.61	21.02	21.42	17.82	19.3	17.53	17.52
Price/Earnings	- -	9.9	22.24	13.12	18.23	21.39	34.11	16.46	23.15	30.28	28.75	22.62	26.76	21.61	23.87
Price/Earnings Average	- -	9.91	18.39	11.92	17.88	18.97	29.06	19.19	19.6	27.39	26.17	21.29	24.34	21.65	24
Price/Earnings High	- -	10.34	22.25	13.34	19.66	22.46	35.02	23.49	23.62	34.98	29.09	25.42	27.26	23.97	26.37
Price/Earnings Low	- -	9.5	15.88	10.69	15.43	13.88	24.48	15.65	15.81	17.65	22.55	17.8	22.28	19.72	20.41
Price/Book Value	- -	2.61	3.71	5.4	6.55	10	12.45	12.7	19.04	20.06	21.22	21.89	25.99	22.52	22.47
Price/Book Value Average	- -	2.61	3.07	4.91	6.43	8.87	10.61	14.8	16.12	18.15	19.31	20.6	23.63	22.56	22.59
Price/Book Value High	- -	2.72	3.71	5.49	7.06	10.5	12.79	18.12	19.43	23.18	21.47	24.6	26.47	24.97	24.82
Price/Book Value Low	- -	2.5	2.65	4.4	5.54	6.49	8.94	12.07	13.01	11.7	16.64	17.23	21.64	20.55	19.21
Price/Tangible Book Value	- -	9.92	12.78	104.36	-44.16	-24.07	-39.68	-16.78	-24.87	-27.87	-33.27	-26.57	-30.65	-35.31	-29.41
Price/Tangible Book Value Average	- -	9.94	10.57	94.83	-43.31	-21.35	-33.82	-19.56	-21.05	-25.21	-30.28	-25.01	-27.87	-35.37	-29.57
Price/Tangible Book Value High	- -	10.37	12.78	106.14	-47.62	-25.27	-40.75	-23.94	-25.37	-32.19	-33.66	-29.86	-31.22	-39.16	-32.48
Price/Tangible Book Value Low	- -	9.53	9.12	85.02	-37.38	-15.62	-28.48	-15.95	-16.99	-16.25	-26.09	-20.91	-25.52	-32.21	-25.14
Price/Sales	- -	1.92	2.64	2.67	2.58	3.2	4.02	2.86	4.14	5.08	5.36	4.31	4.91	4.74	4.56
Price/Sales Average	- -	1.92	2.18	2.42	2.53	2.84	3.43	3.33	3.5	4.59	4.88	4.05	4.47	4.75	4.59
Price/Sales High	- -	2.01	2.64	2.71	2.78	3.36	4.13	4.08	4.22	5.87	5.42	4.84	5	5.26	5.04
Price/Sales Low	- -	1.84	1.89	2.17	2.19	2.08	2.89	2.72	2.83	2.96	4.2	3.39	4.09	4.33	3.9
Price/Cash Flow	- -	13.71	14.77	23.91	15.06	18.91	23.95	15.01	19.49	22.75	30.29	29.23	22.36	22.98	23.41
Price/Cash Flow Average	- -	13.73	12.22	21.73	14.77	16.77	20.41	17.5	16.49	20.58	27.57	27.51	20.33	23.02	23.54
Price/Cash Flow High	- -	14.32	14.78	24.32	16.24	19.85	24.6	21.42	19.88	26.28	30.65	32.84	22.77	25.48	25.86
Price/Cash Flow Low	- -	13.17	10.55	19.48	12.74	12.27	17.19	14.27	13.31	13.26	23.76	23	18.62	20.96	20.01
Price/Free Cash Flow Average	- -	16.96	14.4	28.18	16.95	19.14	23.48	20.23	18.61	22.57	31.31	33.48	23.41	26.65	27.26
Price/Free Cash Flow High	- -	17.69	17.42	31.54	18.64	22.66	28.29	24.76	22.43	28.82	34.81	39.97	26.22	29.5	29.95
Price/Free Cash Flow Low	- -	16.26	12.43	25.27	14.63	14	19.77	16.49	15.02	14.54	26.98	27.99	21.44	24.26	23.17
EV/Sales Average	- -	2.02	2.3	2.55	2.83	3.17	3.77	3.66	3.88	5.05	5.28	4.45	4.87	5.15	5.06
EV/Sales High	- -	2.1	2.74	2.82	3.08	3.68	4.46	4.39	4.59	6.32	5.82	5.22	5.4	5.66	5.51
EV/Sales Low	- -	1.94	2.01	2.31	2.48	2.42	3.23	3.06	3.21	3.42	4.61	3.79	4.5	4.73	4.38
EV/EBITDA Average	- -	9.66	10.4	10.87	11.33	12.22	13.66	13.36	14.3	19.18	19.64	16.87	17.7	17.56	17.61
EV/EBITDA High	- -	10.05	12.39	12.05	12.33	14.18	16.18	16.03	16.92	24.02	21.66	19.81	19.62	19.28	19.16
EV/EBITDA Low	- -	9.29	9.1	9.85	9.96	9.35	11.71	11.17	11.84	12.98	17.16	14.39	16.34	16.13	15.24
EV/EBIT Average	- -	12.06	12.93	12.78	13.22	14.1	15.47	15.08	16.09	22.03	21.96	18.7	19.43	19.22	19.26
EV/EBIT High	- -	12.53	15.42	14.16	14.38	16.37	18.33	18.09	19.03	27.57	24.21	21.95	21.54	21.09	20.97
EV/EBIT Low	- -	11.6	11.32	11.58	11.62	10.78	13.26	12.6	13.32	14.9	19.18	15.95	17.94	17.65	16.67
Last Price	- -	60.46	83.69	96.2	94.09	122.61	167.2	125.95	180.17	201.5	245.84	221.65	261.51	254.01	251.09
High Price	- -	63.17	83.73	97.84	101.46	128.72	171.71	179.7	183.84	232.78	248.72	249.06	266.36	281.69	277.34
Enterprise Value Average	- -	29,840	32,510	36,908	37,904	43,087	53,900	54,055	54,735	63,477	76,360	70,868	78,489	81,945	81,215
Enterprise Value High	- -	31,023	38,756	40,902	41,239	50,016	63,877	64,841	64,751	79,468	84,180	83,206	87,037	89,948	88,401
Enterprise Value Low	- -	28,701	28,446	33,446	33,303	32,954	46,227	45,164	45,324	42,952	66,685	60,440	72,485	75,259	70,301

Shares Outstanding	484	455	430	383	364	347	342	328	320	317	313	305	299	294	289
Diluted Weighted Avg Shares	495	473	449	405	370	357	347	337	326	318	316	311	304	298	292
Basic Weighted Avg Shares	491	470	446	402	368	355	344	335	324	317	315	310	303	297	292
Revenue per Share	29.54	31.48	31.68	36.06	36.44	38.31	41.6	44.08	43.56	39.68	45.87	51.46	53.23	53.56	55.04
EBITDA per Share	6.01	6.57	7.01	8.45	9.09	9.93	11.47	12.07	11.82	10.44	12.34	13.57	14.66	15.72	15.83
Operating Income per Share	4.8	5.27	5.64	7.19	7.79	8.61	9.85	10.7	10.5	9.09	11.03	12.24	13.35	14.37	14.46
Basic EPS, GAAP	4.21	6.11	3.76	7.33	5.16	5.73	4.9	7.65	7.78	6.66	8.55	9.8	9.77	11.75	10.52
Basic EPS from Cont Ops	3.61	4.75	3.65	4.71	5.16	5.73	4.9	7.65	7.78	6.66	8.55	9.8	9.77	11.75	10.52
Diluted EPS, GAAP	4.19	6.07	3.74	7.28	5.13	5.7	4.86	7.6	7.74	6.63	8.51	9.77	9.74	11.71	10.49
Diluted EPS from Cont Ops	3.59	4.72	3.63	4.67	5.13	5.7	4.86	7.6	7.74	6.63	8.51	9.77	9.74	11.71	10.49
Dividend per Share	1.38	1.84	1.18	1.77	2.02	2.31	2.73	3.36	4.08	4.35	4.64	4.98	5.34	5.71	6.12
Cash Flow per Share	3.98	4.41	5.67	4.02	6.25	6.48	6.98	8.39	9.25	8.86	8.11	7.58	11.7	11.05	10.72
Free Cash Flow per Basic Share	3.26	3.6	4.84	3.12	5.48	5.72	6.12	7.3	8.24	8.11	7.18	6.25	10.19	9.58	9.29
Cash & Equivalents per Share	2.44	6.11	8.41	10.42	8.5	7.13	9.06	4.58	6.19	8.1	4.88	2.32	3.56	3.22	2.95
Book Value per Share	20.71	23.21	22.55	17.81	14.36	12.26	13.43	9.92	9.46	10.04	11.59	10.12	10.06	11.28	11.17
Tangible Book Value per Share	5.35	6.09	6.55	0.92	-2.13	-5.09	-4.21	-7.51	-7.25	-7.23	-7.39	-8.34	-8.53	-7.19	-8.54

Illinois Tool Works Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)