ILLINOIS TOOL WORKS INC (ITW) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 0.45%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 0.45% | Share-based compensation / revenue. Period ending 2026-06-30. $74.00M ÷ $16.47B × 100 ≈ 0.45% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | Research and Development Expense |
| Revenue | 16.47B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 74.00M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 4.36B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $16.47B | $74.00M | $4.36B | (m) | (m) | 0.45% | (m) | (m) |
| 2026-03-31 | (m) | $16.22B | $71.00M | $4.29B | (m) | (m) | 0.44% | (m) | (m) |
| 2025-12-31 | $302.00M | $16.04B | $69.00M | $4.22B | (m) | 1.88% | 0.43% | (m) | (m) |
| 2025-09-30 | (m) | $15.88B | $65.00M | $4.16B | (m) | (m) | 0.41% | (m) | (m) |
| 2025-06-30 | (m) | $15.79B | $62.00M | $4.10B | (m) | (m) | 0.39% | (m) | (m) |
| 2025-03-31 | (m) | $15.76B | $62.00M | $4.09B | (m) | (m) | 0.39% | (m) | (m) |
| 2024-12-31 | $292.00M | $15.90B | $61.00M | $4.26B | (m) | 1.84% | 0.38% | (m) | (m) |
| 2024-09-30 | (m) | $15.95B | $65.00M | $4.22B | (m) | (m) | 0.41% | (m) | (m) |
| 2024-06-30 | (m) | $16.01B | $68.00M | $4.24B | (m) | (m) | 0.42% | (m) | (m) |
| 2024-03-31 | (m) | $16.06B | $67.00M | $4.20B | $277.00M | (m) | 0.42% | 15.14× | Reported |
| 2023-12-31 | $284.00M | $16.11B | $69.00M | $4.04B | $266.00M | 1.76% | 0.43% | 15.19× | Reported |
| 2023-09-30 | (m) | (m) | $67.00M | $4.04B | $252.00M | (m) | (m) | 16.02× | Reported |
| 2023-06-30 | (m) | (m) | $65.00M | $3.95B | $237.00M | (m) | (m) | 16.67× | Reported |
| 2023-03-31 | (m) | (m) | $64.00M | $3.87B | $215.00M | (m) | (m) | 17.99× | Reported |
| 2022-12-31 | $269.00M | $15.93B | $63.00M | $3.79B | $203.00M | 1.69% | 0.40% | 18.67× | Reported |
| 2022-09-30 | (m) | (m) | $60.00M | $3.64B | $196.00M | (m) | (m) | 18.56× | Reported |
| 2022-06-30 | (m) | (m) | $59.00M | $3.50B | $193.00M | (m) | (m) | 18.13× | Reported |
| 2022-03-31 | (m) | (m) | $58.00M | $3.47B | $198.00M | (m) | (m) | 17.51× | Reported |
| 2021-12-31 | $239.00M | $14.46B | $53.00M | $3.48B | $202.00M | 1.65% | 0.37% | 17.21× | Reported |
| 2021-09-30 | (m) | (m) | $52.00M | $3.53B | $205.00M | (m) | (m) | 17.20× | Reported |
| 2021-06-30 | (m) | (m) | $52.00M | $3.47B | $208.00M | (m) | (m) | 16.68× | Reported |
| 2021-03-31 | (m) | (m) | $44.00M | $3.03B | $207.00M | (m) | (m) | 14.62× | Reported |
| 2020-12-31 | $214.00M | $12.57B | $42.00M | $2.88B | $206.00M | 1.70% | 0.33% | 13.99× | Reported |
| 2020-09-30 | (m) | (m) | $40.00M | $2.82B | $205.00M | (m) | (m) | 13.77× | Reported |
| 2020-06-30 | (m) | (m) | $36.00M | $2.90B | $205.00M | (m) | (m) | 14.16× | Reported |
| 2020-03-31 | (m) | (m) | $40.00M | $3.32B | $209.00M | (m) | (m) | 15.90× | Reported |
| 2019-12-31 | $221.00M | $14.11B | $41.00M | $3.40B | $221.00M | 1.57% | 0.29% | 15.39× | Reported |
| 2019-09-30 | (m) | (m) | $41.00M | $3.44B | $233.00M | (m) | (m) | 14.76× | Reported |
| 2019-06-30 | (m) | (m) | $42.00M | $3.46B | $245.00M | (m) | (m) | 14.12× | Reported |
| 2019-03-31 | (m) | (m) | $41.00M | $3.52B | $254.00M | (m) | (m) | 13.86× | Reported |
| 2018-12-31 | $233.00M | $14.77B | $40.00M | $3.58B | $257.00M | 1.58% | 0.27% | 13.95× | Reported |
| 2018-09-30 | (m) | $14.82B | $40.00M | $3.58B | $260.00M | (m) | 0.27% | 13.77× | Reported |
| 2018-06-30 | (m) | $14.82B | $37.00M | $3.65B | $261.00M | (m) | 0.25% | 13.98× | Reported |
| 2018-03-31 | (m) | $14.59B | $36.00M | $3.59B | $262.00M | (m) | 0.25% | 13.70× | Reported |
| 2017-12-31 | $225.00M | $14.31B | $36.00M | $3.49B | $260.00M | 1.57% | 0.25% | 13.44× | Reported |
| 2017-09-30 | (m) | $14.08B | $35.00M | $3.39B | $257.00M | (m) | 0.25% | 13.18× | Reported |
| 2017-06-30 | (m) | $13.96B | $38.00M | $3.23B | $250.00M | (m) | 0.27% | 12.93× | Reported |
| 2017-03-31 | (m) | $13.80B | $39.00M | $3.15B | $243.00M | (m) | 0.28% | 12.97× | Reported |
| 2016-12-31 | $223.00M | $13.60B | $39.00M | $3.06B | $237.00M | 1.64% | 0.29% | 12.93× | Reported |
| 2016-09-30 | (m) | $13.47B | $39.00M | $3.00B | $232.00M | (m) | 0.29% | 12.94× | Reported |
| 2016-06-30 | (m) | $13.33B | $37.00M | $2.95B | $233.00M | (m) | 0.28% | 12.68× | Reported |
| 2016-03-31 | (m) | $13.34B | $36.00M | $2.89B | $230.00M | (m) | 0.27% | 12.57× | Reported |
| 2015-12-31 | $218.00M | $13.40B | $41.00M | $2.87B | $226.00M | 1.63% | 0.31% | 12.69× | Reported |
| 2015-09-30 | (m) | $13.63B | $42.00M | $2.87B | $222.00M | (m) | 0.31% | 12.95× | Reported |
| 2015-06-30 | (m) | $13.97B | $42.00M | $2.88B | $231.00M | (m) | 0.30% | 12.49× | Reported |
| 2015-03-31 | (m) | $14.26B | $44.00M | $2.92B | $240.00M | (m) | 0.31% | 12.16× | Reported |
| 2014-12-31 | $227.00M | $14.48B | $39.00M | $2.89B | $250.00M | 1.57% | 0.27% | 11.55× | Reported |
| 2014-09-30 | (m) | $14.53B | $41.00M | $2.83B | $256.00M | (m) | 0.28% | 11.05× | Reported |
| 2014-06-30 | (m) | $14.41B | $40.00M | $2.74B | $248.00M | (m) | 0.28% | 11.03× | Reported |
| 2014-03-31 | (m) | $14.28B | $37.00M | $2.60B | $243.00M | (m) | 0.26% | 10.71× | Reported |
| 2013-12-31 | $240.00M | $14.13B | $37.00M | $2.51B | $239.00M | 1.70% | 0.26% | 10.52× | Reported |
| 2013-09-30 | (m) | $17.20B | $44.00M | $2.78B | $241.00M | (m) | 0.26% | 11.54× | Reported |
| 2013-06-30 | (m) | $17.33B | $48.00M | $2.76B | $233.00M | (m) | 0.28% | 11.83× | Reported |
| 2013-03-31 | (m) | $17.57B | $51.00M | $2.81B | $224.00M | (m) | 0.29% | 12.56× | Reported |
| 2012-12-31 | $266.00M | $17.92B | $54.00M | $2.85B | $214.00M | 1.48% | 0.30% | 13.30× | Reported |
| 2012-09-30 | (m) | $18.02B | $50.37M | $2.89B | $207.13M | (m) | 0.28% | 13.93× | Reported |
| 2012-06-30 | (m) | $18.10B | $52.37M | $2.84B | $203.13M | (m) | 0.29% | 13.96× | Reported |
| 2012-03-31 | (m) | $18.06B | $54.37M | $2.78B | $198.13M | (m) | 0.30% | 14.02× | Reported |
| 2011-12-31 | $242.98M | $17.79B | $56.37M | $2.73B | $192.13M | 1.37% | 0.32% | 14.21× | Reported |
| 2011-09-30 | (m) | $17.84B | $56.48M | $2.67B | $182.36M | (m) | 0.32% | 14.64× | Reported |
| 2011-06-30 | (m) | $17.20B | $56.78M | $2.57B | $177.27M | (m) | 0.33% | 14.52× | Reported |
| 2011-03-31 | (m) | $16.52B | $57.71M | $2.50B | $175.11M | (m) | 0.35% | 14.26× | Reported |
| 2010-12-31 | $220.46M | $15.87B | $56.44M | $2.36B | $175.46M | 1.39% | 0.36% | 13.43× | Reported |
| 2010-09-30 | (m) | $15.46B | $58.52M | $2.25B | $175.28M | (m) | 0.38% | 12.86× | Reported |
| 2010-06-30 | (m) | $15.02B | $55.29M | $2.10B | $177.78M | (m) | 0.37% | 11.79× | Reported |
| 2010-03-31 | (m) | $14.34B | $52.64M | $1.78B | $177.98M | (m) | 0.37% | 9.99× | Reported |
| 2009-12-31 | (m) | $13.88B | $51.86M | $1.39B | $164.84M | (m) | 0.37% | 8.41× | Reported |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | $17.10B | $41.69M | $2.50B | $154.46M | (m) | 0.24% | 16.19× | Reported |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | $16.11B | $30.47M | $2.63B | $102.09M | (m) | 0.19% | 25.74× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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