Company / Income Tax
Illinois Tool Works Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$900.0M
FY2025
5-year range
$595.0M / $934.0M
FY2021-FY2025
Trend
-3.6%
vs FY2024
Sector context
#14 of 357
Industrials
What the data says
Among 357 Industrials companies, Illinois Tool Works is in the bottom 4% for income tax. Income Tax has fluctuated over the past 10 years, ranging from $595M in FY2022 to $934M in FY2024.
Based on SEC 10-K filings.
$900M in FY2025 with a 5-year CAGR of +1.6%. Top quartile in the Industrials sector.
Increased from $866M to $900M over the past 2 years.
Industrials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +14.8%
- 5-Year CAGR
- +1.6%
- 10-Year CAGR
- -
Sector benchmark
Bottom 4% in IndustrialsTop 96% of 357This company $900.0M Sector average $123.9M
▼
+626.3% above sector average
Key checks
Key Insights
- 5-year CAGR of +1.6%, indicating consistent growth.
- In FY2025, income tax decreased 3.6% year-over-year.
- Ranks #14 out of 357 companies in the Industrials sector.
- Peak income tax was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 3.54 (safe zone, above 2.9 threshold)
- Strong return on equity: 94.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $900.0M | -3.6% |
| FY2024 | $934.0M | +7.9% |
| FY2023 | $866.0M | +45.5% |
| FY2022 | $595.0M | -22.4% |
| FY2021 | $767.0M | -7.7% |
| FY2020 | $831.0M | +8.3% |
| FY2019 | $767.0M | -12.1% |
| FY2018 | $873.0M | +6.5% |
| FY2017 | $820.0M | +1.4% |
| FY2016 | $809.0M | +12.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026