Company / Interest Expense
Illinois Tool Works Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$266.0M
FY2023
5-year range
$206.0M / $266.0M
FY2019-FY2023
Trend
+29.1%
vs FY2022
Sector context
#12 of 113
Industrials
What the data says
Illinois Tool Works's interest expense of $266M is higher than 89% of companies in the Industrials sector (FY2023). Interest Expense returned to growth in FY2023 after 2 years of decline, reaching $266M.
Based on SEC 10-K filings.
$266M in FY2023 with a 5-year CAGR of +2.3%. Top quartile in the Industrials sector.
Increased from $221M to $266M over the past 2 years.
Industrials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +1.2%
- 5-Year CAGR
- +2.3%
- 10-Year CAGR
- -
Sector benchmark
Bottom 11% in IndustrialsTop 89% of 113This company $266.0M Sector average $104.6M
▼
+154.4% above sector average
Key checks
Key Insights
- 5-year CAGR of +2.3%, indicating consistent growth.
- In FY2023, interest expense increased 29.1% year-over-year.
- Ranks #12 out of 113 companies in the Industrials sector.
- Lowest interest expense in the period was in FY2022.
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 | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $266.0M | +29.1% |
| FY2022 | $206.0M | -6.8% |
| FY2021 | $221.0M | -14.0% |
| FY2020 | $257.0M | +16.3% |
| FY2019 | $221.0M | -6.8% |
| FY2018 | $237.0M | +4.9% |
| FY2017 | $226.0M | -9.6% |
| FY2016 | $250.0M | +4.6% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026