Illinois Tool Works Inc (ITW) — Cash Flow Quality Index
Illinois Tool Works Inc (ITW) has a Cash Flow Quality Index of 0.89x as of June 2026. Operating cash flow of $723.00 Million is below net income of $815.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Illinois Tool Works Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Illinois Tool Works Inc Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Illinois Tool Works Inc across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see ITW operating cash flow.
Annual Cash Flow Quality Index for Illinois Tool Works Inc (1989–2025)
Year-by-year earnings quality comparison for Illinois Tool Works Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.02x | $3.13 Billion | $3.07 Billion | ▲ +8.4% |
| 2024 | 0.94x | $3.28 Billion | $3.49 Billion | ▼ -21.4% |
| 2023 | 1.20x | $3.54 Billion | $2.96 Billion | ▲ +54.6% |
| 2022 | 0.77x | $2.35 Billion | $3.03 Billion | ▼ -18.5% |
| 2021 | 0.95x | $2.56 Billion | $2.69 Billion | ▼ -28.7% |
| 2020 | 1.33x | $2.81 Billion | $2.11 Billion | ▲ +12.0% |
| 2019 | 1.19x | $3.00 Billion | $2.52 Billion | ▲ +8.3% |
| 2018 | 1.10x | $2.81 Billion | $2.56 Billion | ▼ -23.0% |
| 2017 | 1.42x | $2.40 Billion | $1.69 Billion | ▲ +25.9% |
| 2016 | 1.13x | $2.30 Billion | $2.04 Billion | ▼ -6.6% |
| 2015 | 1.21x | $2.30 Billion | $1.90 Billion | ▼ -8.0% |
| 2014 | 1.32x | $1.62 Billion | $1.23 Billion | ▼ -7.9% |
| 2013 | 1.43x | $2.53 Billion | $1.77 Billion | ▲ +65.1% |
| 2012 | 0.87x | $2.07 Billion | $2.40 Billion | ▼ -15.3% |
| 2010 | 1.02x | $1.56 Billion | $1.53 Billion | ▼ -54.9% |
| 2009 | 2.27x | $2.15 Billion | $947.01 Million | ▲ +54.9% |
| 2008 | 1.46x | $2.22 Billion | $1.52 Billion | ▲ +10.1% |
| 2007 | 1.33x | $2.48 Billion | $1.87 Billion | ▲ +10.5% |
| 2006 | 1.20x | $2.07 Billion | $1.72 Billion | ▼ -2.6% |
| 2005 | 1.24x | $1.85 Billion | $1.49 Billion | ▲ +7.9% |
| 2004 | 1.14x | $1.53 Billion | $1.34 Billion | ▼ -14.4% |
| 2003 | 1.34x | $1.37 Billion | $1.02 Billion | ▼ -26.1% |
| 2002 | 1.81x | $1.29 Billion | $712.59 Million | ▲ +7.8% |
| 2001 | 1.68x | $1.35 Billion | $805.66 Million | ▲ +43.1% |
| 2000 | 1.17x | $1.12 Billion | $957.98 Million | ▼ -4.9% |
| 1999 | 1.23x | $1.04 Billion | $841.10 Million | ▲ +14.9% |
| 1998 | 1.07x | $721.50 Million | $672.80 Million | ▼ -4.7% |
| 1997 | 1.12x | $660.30 Million | $587.00 Million | ▼ -13.1% |
| 1996 | 1.29x | $629.40 Million | $486.30 Million | ▲ +14.7% |
| 1995 | 1.13x | $437.50 Million | $387.60 Million | ▼ -19.1% |
| 1994 | 1.39x | $387.50 Million | $277.80 Million | ▼ -8.3% |
| 1993 | 1.52x | $314.10 Million | $206.60 Million | ▼ -6.2% |
| 1992 | 1.62x | $311.30 Million | $192.10 Million | ▲ +5.2% |
| 1991 | 1.54x | $278.10 Million | $180.60 Million | ▲ +13.5% |
| 1990 | 1.36x | $247.50 Million | $182.40 Million | ▼ -0.6% |
| 1989 | 1.36x | $223.50 Million | $163.80 Million | — |