Illinois Tool Works Inc. (ITW) vs Mastercard Incorporated (MA)
A side-by-side comparison of Illinois Tool Works Inc. and Mastercard Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Different business models: ITW is classified in Industrials; MA is classified in Financial Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
ITW
Illinois Tool Works Inc.
$268.16IndustrialsDelayed quote: Sep 11, 2026, 4:00 PM EDT
MA
Mastercard Incorporated
$569.19Financial ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — ITW vs MA
growth of $100 · dividends reinvested · last 10yITW +181.9% (+10.9%/yr)MA +498.8% (+19.6%/yr)MA compounded faster over this window
ITW MA
ITW vs MA: by the numbers
- •MA is the larger company ($499.20B vs $77.15B market cap).
- •ITW trades at the lower trailing earnings multiple (24.31 vs 31.31 P/E), one valuation lens rather than an overall verdict.
- •MA converts more revenue to profit (46.34% vs 19.39% net margin).
- •MA grew revenue faster over the past five years (16.09% vs 3.30% CAGR).
- •ITW pays the higher dividend yield (2.43% vs 0.60%).
Metrics side by side
Valuation
| Metric | ITW | MA |
|---|---|---|
| P/E ratio | 24.31 | 31.31 |
| Forward P/E | 23.46 | 28.52 |
| P/S ratio | 4.68 | 14.23 |
| P/B ratio | 26.66 | 88.97 |
| EV / EBITDA | 18.38 | N/A |
| FCF yield | 3.79% | N/A |
Profitability
| Metric | ITW | MA |
|---|---|---|
| Gross margin | 44.16% | 100.00% |
| Operating margin | 26.50% | 59.84% |
| Net margin | 19.39% | 46.34% |
| ROE | 110.37% | 289.73% |
| ROIC | 24.71% | N/A |
Dividends
| Metric | ITW | MA |
|---|---|---|
| Dividend yield | 2.43% | 0.60% |
| Payout ratio | 58.39% | 18.54% |
Growth (annualized)
| Metric | ITW | MA |
|---|---|---|
| Revenue CAGR (5Y) | 3.30% | 16.09% |
| EPS CAGR (5Y) | 9.58% | 20.93% |
| FCF CAGR (5Y) | 4.41% | N/A |
| Total return CAGR (5Y) | 6.40% | 10.88% |
Frequently asked
- Which has the lower trailing P/E, ITW or MA?
- ITW has the lower trailing P/E: ITW trades at 24.31 and MA at 31.31. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ITW or MA?
- Over the past five years, MA grew revenue faster — ITW at a 3.30% CAGR versus MA at 16.09%.
- Does ITW or MA pay a bigger dividend?
- ITW yields 2.43% and MA yields 0.60% based on trailing dividends and the latest price.
- Is ITW or MA more profitable?
- MA runs the higher net margin — ITW at 19.39% versus MA at 46.34%.
- How have ITW and MA total returns compared?
- Over the past 10 years, ITW delivered 11.23% and MA delivered 19.83% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Illinois Tool Works P/E ratioMastercard P/E ratioIllinois Tool Works dividend yieldMastercard dividend yieldIllinois Tool Works ROEMastercard ROEIllinois Tool Works operating marginMastercard operating marginIllinois Tool Works revenue growthMastercard revenue growthIllinois Tool Works free cash flow
Illinois Tool Works & Mastercard appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.