Illinois Tool Works (ITW) Interest Coverage Ratio: History & Chart

Illinois Tool Works Inc.(ITW)

Industrial - Machinery · Glenview, IL

$268.69+0.00 (+0.00%)

Delayed quote: Sep 8, 2026, 4:00 PM EDT

About Illinois Tool Works Inc.

Illinois Tool Works Inc. is a global enterprise specializing in the production and distribution of a wide array of industrial goods and specialized equipment. The company operates through seven distinct divisions: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM division supplies plastic and metal components, various fastening solutions, and integrated assemblies for automobiles, light-duty trucks, and other industrial applications. Its Food Equipment segment delivers commercial kitchen appliances for washing, refrigeration, cooking, and food processing, alongside comprehensive kitchen exhaust, ventilation, and pollution control systems, and offers related maintenance and repair services. The Test & Measurement and Electronics unit manufactures and sells machinery, expendable supplies, and accompanying software designed for assessing materials and structural integrity, in addition to equipment and consumables critical for the creation of electronic subassemblies and microelectronic components. The Welding division focuses on arc welding apparatus, coupled with metal arc welding consumables and associated accessories. The Polymers & Fluids segment produces adhesives, sealing compounds, lubrication and cutting fluids, and various fluids and polymers intended for automotive aftermarket upkeep and cosmetic purposes. The Construction Products segment provides purpose-engineered fastening systems and comprehensive solutions for new housing, renovation projects, and commercial building industries. Lastly, the Specialty Products segment delivers machinery and supplies for beverage packaging, equipment and expendables for product identification and marking, and specialized components and fasteners for appliances. ITW's broad clientele encompasses sectors such as automotive original equipment manufacturers (OEMs) and their suppliers, the commercial food service industry, construction companies, general industrial enterprises, and the automotive aftermarket. The corporation distributes its offerings directly to industrial manufacturers and via an extensive network of independent distributors. Established in 1912, Illinois Tool Works Inc. is headquartered in Glenview, Illinois.

Glenview, IL

43,000 employees

www.itw.com

Industrials / Industrial - Machinery

Sector: Industrials
Industry: Industrial - Machinery
CEO: Christopher A. O'Herlihy

View full financials

ITW Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

14.44x

INTEREST COVERAGE RATIO AVG TTM

14.44x

INTEREST COVERAGE RATIO AVG 3Y

14.71x

INTEREST COVERAGE RATIO AVG 5Y

15.89x

INTEREST COVERAGE RATIO AVG 10Y

15.11x

INTEREST COVERAGE RATIO AVG 15Y

14.24x

INTEREST COVERAGE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

-0.02%

CURRENT VS 3Y AVG

-1.85%

CURRENT VS 5Y AVG

-9.14%

CURRENT VS 10Y AVG

-4.46%

CURRENT VS 15Y AVG

+1.43%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · INDUSTRIALS

7.85x

median of 140 covered companies

CURRENT VS SECTOR MEDIAN

+83.95%

vs the sector median at left

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
Illinois Tool Works Inc. (ITW)	$77.30B	14.44x	14.44x	14.71x	15.89x
Cummins Inc. (CMI)vs ›	$77.49B	11.75x	10.95x	10.33x	14.73x
Canadian Pacific Kansas City Ltd. (CP)vs ›	$80.11B	6.40x	6.44x	5.92x	6.36x
Cintas Corporation (CTAS)vs ›	$80.23B	24.52x	23.93x	21.15x	19.43x
FedEx Corporation (FDX)vs ›	$74.32B	12.43x	10.07x	9.09x	8.90x
Canadian National Railway Company (CNI)vs ›	$74.26B	7.21x	7.11x	8.96x	8.95x
Northrop Grumman Corporation (NOC)vs ›	$73.67B	6.44x	6.74x	6.32x	7.04x
Norfolk Southern Corporation (NSC)vs ›	$73.65B	5.06x	4.86x	5.11x	5.44x
Bloom Energy Corporation (BE)vs ›	$81.65B	1.35x	0.86x	0.86x	0.86x
Emerson Electric Co. (EMR)vs ›	$85.24B	9.13x	8.69x	9.57x	11.00x

NAME

MARKET CAP

INTEREST COVERAGE RATIO

TTM

Illinois Tool Works Inc. (ITW)

$77.30B

14.44x

14.71x

15.89x

Cummins Inc. (CMI)vs ›

$77.49B

11.75x

10.95x

10.33x

14.73x

Canadian Pacific Kansas City Ltd. (CP)vs ›

$80.11B

6.40x

6.44x

5.92x

6.36x

Cintas Corporation (CTAS)vs ›

$80.23B

24.52x

23.93x

21.15x

19.43x

FedEx Corporation (FDX)vs ›

$74.32B

12.43x

10.07x

9.09x

8.90x

Canadian National Railway Company (CNI)vs ›

$74.26B

7.21x

7.11x

8.96x

8.95x

Northrop Grumman Corporation (NOC)vs ›

$73.67B

6.44x

6.74x

6.32x

7.04x

Norfolk Southern Corporation (NSC)vs ›

$73.65B

5.06x

4.86x

5.11x

5.44x

Bloom Energy Corporation (BE)vs ›

$81.65B

1.35x

0.86x

Emerson Electric Co. (EMR)vs ›

$85.24B

9.13x

8.69x

9.57x

11.00x

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Illinois Tool Works Inc. (ITW)?

The interest coverage ratio for ITW stock is 14.44x.

Is Illinois Tool Works Inc.'s interest coverage ratio high or low?

The interest coverage ratio of 14.44x is in line with its 5-year average of 15.89x, near the low end of its 5-year range (13.97x–19.70x).

What is the TTM average interest coverage ratio for Illinois Tool Works Inc. (ITW)?

The TTM average interest coverage ratio for ITW stock is 14.44x.

What is the 3Y average interest coverage ratio for Illinois Tool Works Inc. (ITW)?

The 3Y average interest coverage ratio for ITW stock is 14.71x.

What is the 5Y average interest coverage ratio for Illinois Tool Works Inc. (ITW)?

The 5Y average interest coverage ratio for ITW stock is 15.89x.

What is the 10Y average interest coverage ratio for Illinois Tool Works Inc. (ITW)?

The 10Y average interest coverage ratio for ITW stock is 15.11x.

What is the 15Y average interest coverage ratio for Illinois Tool Works Inc. (ITW)?

The 15Y average interest coverage ratio for ITW stock is 14.24x.

DATE	INTEREST COVERAGE RATIO
2026-06-30	14.52x
2026-03-31	13.97x
2025-12-31	14.47x
2025-09-30	14.83x
2025-06-30	14.43x
2025-03-31	13.99x
2024-12-31	15.16x
2024-09-30	15.25x
2024-06-30	14.05x
2024-03-31	15.87x
2023-12-31	14.11x
2023-09-30	15.97x
2023-06-30	14.64x
2023-03-31	16.20x
2022-12-31	17.61x
2022-09-30	18.90x
2022-06-30	19.70x
2022-03-31	18.65x
2021-12-31	17.02x
2021-09-30	17.24x
2021-06-30	17.17x
2021-03-31	17.40x
2020-12-31	16.98x
2020-09-30	15.17x
2020-06-30	8.80x
2020-03-31	14.92x
2019-12-31	16.16x
2019-09-30	16.69x
2019-06-30	15.84x
2019-03-31	13.32x
2018-12-31	13.65x
2018-09-30	13.89x
2018-06-30	14.56x
2018-03-30	13.68x
2017-12-31	12.88x
2017-09-30	14.78x
2017-06-30	13.45x
2017-03-31	12.64x
2016-12-31	11.78x
2016-09-30	13.93x
2016-06-30	13.66x
2016-03-31	12.45x
2015-12-31	11.71x
2015-09-30	12.90x
2015-06-30	13.27x
2015-03-31	12.91x
2014-12-31	12.70x
2014-09-30	11.35x
2014-06-30	11.92x
2014-03-31	10.42x
2013-12-31	10.47x
2013-09-30	11.30x
2013-06-30	11.90x
2013-03-31	11.00x
2012-12-31	9.98x
2012-09-30	14.40x
2012-06-30	15.40x
2012-03-31	14.10x
2011-12-31	11.94x
2011-09-30	14.70x
2011-06-30	15.66x
2011-03-31	15.51x
2010-12-31	13.16x
2010-09-30	14.84x
2010-06-30	14.94x
2010-03-31	10.86x
2009-12-31	10.86x
2009-09-30	10.59x
2009-06-30	7.63x
2009-03-31	1.84x
2008-06-30	20.68x

DATE

INTEREST COVERAGE RATIO

2026-06-30

14.52x

2026-03-31

13.97x

2025-12-31

14.47x

2025-09-30

14.83x

2025-06-30

14.43x

2025-03-31

13.99x

2024-12-31

15.16x

2024-09-30

15.25x

2024-06-30

14.05x

2024-03-31

15.87x

2023-12-31

14.11x

2023-09-30

15.97x

2023-06-30

14.64x

2023-03-31

16.20x

2022-12-31

17.61x

2022-09-30

18.90x

2022-06-30

19.70x

2022-03-31

18.65x

2021-12-31

17.02x

2021-09-30

17.24x

2021-06-30

17.17x

2021-03-31

17.40x

2020-12-31

16.98x

2020-09-30

15.17x

2020-06-30

8.80x

2020-03-31

14.92x

2019-12-31

16.16x

2019-09-30

16.69x

2019-06-30

15.84x

2019-03-31

13.32x

2018-12-31

13.65x

2018-09-30

13.89x

2018-06-30

14.56x

2018-03-30

13.68x

2017-12-31

12.88x

2017-09-30

14.78x

2017-06-30

13.45x

2017-03-31

12.64x

2016-12-31

11.78x

2016-09-30

13.93x

2016-06-30

13.66x

2016-03-31

12.45x

2015-12-31

11.71x

2015-09-30

12.90x

2015-06-30

13.27x

2015-03-31

12.91x

2014-12-31

12.70x

2014-09-30

11.35x

2014-06-30

11.92x

2014-03-31

10.42x

2013-12-31

10.47x

2013-09-30

11.30x

2013-06-30

11.90x

2013-03-31

11.00x

2012-12-31

9.98x

2012-09-30

14.40x

2012-06-30

15.40x

2012-03-31

14.10x

2011-12-31

11.94x

2011-09-30

14.70x

2011-06-30

15.66x

2011-03-31

15.51x

2010-12-31

13.16x

2010-09-30

14.84x

2010-06-30

14.94x

2010-03-31

10.86x

2009-12-31

10.86x

2009-09-30

10.59x

2009-06-30

7.63x

2009-03-31

1.84x

2008-06-30

20.68x

Interest Coverage Ratio: 14.44x

ITW Interest Coverage Ratio

ITW Average Interest Coverage Ratio Chart

ITW Current vs Average Interest Coverage Ratio Chart

ITW Interest Coverage Ratio Metrics

ITW Competitors' Interest Coverage Ratio

Financial Health Indicators

Interest Coverage Ratio Formula & Definition

Interest Coverage Ratio FAQ

ITW Interest Coverage Ratio History

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