Illinois Tool Works Inc. (ITW) Tax Rate: 22.69%
Is Illinois Tool Works Inc.’s tax rate high or low?
Illinois Tool Works Inc.'s tax rate of 22.69% is in line with its 5-year average of 21.42%, near the high end of its 5-year range (19.00%–22.69%).
The tax rate for Illinois Tool Works Inc. (ITW) is 22.69%. It is above its 12-month average by 3.58% (21.91%).
ITW Tax Rate Chart
ITW Average Tax Rate Chart
ITW Current vs Average Tax Rate Chart
ITW Tax Rate Metrics
TAX RATE
22.69%
TAX RATE AVG TTM
21.91%
TAX RATE AVG 3Y
21.87%
TAX RATE AVG 5Y
21.42%
TAX RATE AVG 10Y
25.90%
TAX RATE AVG 15Y
26.83%
TAX RATE AVG 20Y
27.03%
CURRENT VS TTM AVG
+3.58%
CURRENT VS 3Y AVG
+3.74%
CURRENT VS 5Y AVG
+5.95%
CURRENT VS 10Y AVG
-12.39%
CURRENT VS 15Y AVG
-15.44%
CURRENT VS 20Y AVG
-16.06%
Illinois Tool Works Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Illinois Tool Works Inc. Tax Rate FAQ
- What is the tax rate for Illinois Tool Works Inc. (ITW)?
- The tax rate for ITW stock is 22.69%.
- Is Illinois Tool Works Inc.'s tax rate high or low?
- Illinois Tool Works Inc.'s tax rate of 22.69% is in line with its 5-year average of 21.42%, near the high end of its 5-year range (19.00%–22.69%).
- What is the TTM average tax rate for Illinois Tool Works Inc. (ITW)?
- The TTM average tax rate for ITW stock is 21.91%.
- What is the 3Y average tax rate for Illinois Tool Works Inc. (ITW)?
- The 3Y average tax rate for ITW stock is 21.87%.
- What is the 5Y average tax rate for Illinois Tool Works Inc. (ITW)?
- The 5Y average tax rate for ITW stock is 21.42%.
- What is the 10Y average tax rate for Illinois Tool Works Inc. (ITW)?
- The 10Y average tax rate for ITW stock is 25.90%.
- What is the 15Y average tax rate for Illinois Tool Works Inc. (ITW)?
- The 15Y average tax rate for ITW stock is 26.83%.
- What is the 20Y average tax rate for Illinois Tool Works Inc. (ITW)?
- The 20Y average tax rate for ITW stock is 27.03%.
Illinois Tool Works Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 22.69% |
| 2024-12-31 | 21.12% |
| 2023-12-31 | 22.65% |
| 2022-12-31 | 21.03% |
| 2021-12-31 | 19.00% |
| 2020-12-31 | 22.00% |
| 2019-12-31 | 23.33% |
| 2018-12-31 | 24.48% |
| 2017-12-31 | 48.41% |
| 2016-12-31 | 30.02% |
| 2015-12-31 | 30.16% |
| 2014-12-31 | 29.97% |
| 2013-12-31 | 30.55% |
| 2012-12-31 | 30.75% |
| 2011-12-31 | 22.20% |
| 2010-12-31 | 30.96% |
| 2009-12-31 | 20.13% |
| 2008-12-31 | 27.75% |
| 2007-12-31 | 29.25% |
| 2006-12-31 | 29.75% |
| 2005-12-31 | 31.48% |
| 2004-12-31 | 33.00% |
| 2003-12-31 | 34.00% |
| 2002-12-31 | 35.00% |
| 2001-12-31 | 34.81% |
| 2000-12-31 | 35.19% |
| 1999-12-31 | 37.82% |
| 1998-12-31 | 36.50% |
| 1997-12-31 | 36.50% |
| 1996-12-31 | 36.87% |
Related Metrics
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.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Christopher A. O'Herlihy