Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin26.3%
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin19.1%
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Financial Health
C
Years to Pay Off Debt3.0 yrs
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt-$5.6B
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital$1.1B
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Valuation
N/A
Cash Flow
A
Free Cash Flow$2.7B
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income13.7%
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings$3.9B
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Metric Explanations
What each dimension measures and where the thresholds come from.
Gross Profit Margin
Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Years to Pay Off Debt
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Free Cash Flow
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Market Data
Key Margins
Gross Profit44.1%
Operating Margin26.3%
Net Margin19.1%
Company Info
Showing Key Metrics
Income Highlights
Metric
2025
2024
2023
2022
Gross Profit %
44.1%▼
44.3%▲
42.2%▲
40.8%
Operating Margin %
26.3%▼
26.8%▲
25.1%▲
23.8%
Net Income %
19.1%▼
21.9%▲
18.4%▼
19.0%
Diluted EPS
10.49▼
11.71▲
9.74▼
9.77
Balance Sheet Highlights
Metric
2025
2024
2023
2022
2021
Total Assets
$16.1B
$15.1B
$15.5B
$15.4B
N/A
Total Debt
$9.2B▲
$8.1B▼
$8.4B▲
$7.9B•
N/A
Working Capital
$1.1B▼
$1.5B▼
$1.6B▼
$1.8B•
N/A
Years to Pay Debt
3.00
2.32
2.83
2.62
N/A
Cash Flow Highlights
Metric
2025
2024
2023
2022
2021
Free Cash Flow
$2.7B▼
$2.8B▼
$3.1B▲
$1.9B•
N/A
Owner Earnings
$3.9B
$4.3B
$3.8B
$3.9B
N/A
CapEx % of Net Income
13.7%
12.5%
15.4%
13.6%
N/A
Income Statement
2025
2024
2023
2022
Tax Effect Of Unusual Items
-7,943
78,150
-8,136
40,530
Tax Rate For Calcs
0
0
0
0
Normalized EBITDA
4,690,000
4,737,000
4,520,000
4,262,000
Total Unusual Items
-35,000
370,000
-36,000
193,000
Total Unusual Items Excluding Goodwill
-35,000
370,000
-36,000
193,000
Net Income From Continuing Operation Net Minority Interest
3,066,000
3,488,000
2,957,000
3,034,000
Reconciled Depreciation
397,000
402,000
395,000
410,000
Reconciled Cost Of Revenue
8,652,000
8,557,000
9,034,000
9,153,000
EBITDA
4,655,000
5,107,000
4,484,000
4,455,000
EBIT
4,258,000
4,705,000
4,089,000
4,045,000
Net Interest Income
-252,000
-239,000
-215,000
-181,000
Interest Expense
292,000
283,000
266,000
203,000
Interest Income
40,000
44,000
51,000
22,000
Normalized Income
3,093,057
3,196,150
2,984,864
2,881,530
Net Income From Continuing And Discontinued Operation
3,066,000
3,488,000
2,957,000
3,034,000
Total Expenses
11,828,000
11,634,000
12,067,000
12,142,000
Total Operating Income As Reported
4,216,000
4,264,000
4,040,000
3,790,000
Diluted Average Shares
292,300
297,800
303,600
310,700
Basic Average Shares
291,500
296,800
302,600
309,600
Diluted EPS
0
0
0
0
Basic EPS
0
0
0
0
Diluted NI Availto Com Stockholders
3,066,000
3,488,000
2,957,000
3,034,000
Net Income Common Stockholders
3,066,000
3,488,000
2,957,000
3,034,000
Net Income
3,066,000
3,488,000
2,957,000
3,034,000
Net Income Including Noncontrolling Interests
3,066,000
3,488,000
2,957,000
3,034,000
Net Income Continuous Operations
3,066,000
3,488,000
2,957,000
3,034,000
Tax Provision
900,000
934,000
866,000
808,000
Pretax Income
3,966,000
4,422,000
3,823,000
3,842,000
Other Income Expense
2,000
397,000
-2,000
233,000
Other Non Operating Income Expenses
37,000
27,000
34,000
40,000
Special Income Charges
0
363,000
1,000
191,000
Gain On Sale Of Business
0
363,000
1,000
191,000
Gain On Sale Of Security
-35,000
7,000
-37,000
2,000
Net Non Operating Interest Income Expense
-252,000
-239,000
-215,000
-181,000
Interest Expense Non Operating
292,000
283,000
266,000
203,000
Interest Income Non Operating
40,000
44,000
51,000
22,000
Operating Income
4,216,000
4,264,000
4,040,000
3,790,000
Operating Expense
2,859,000
2,776,000
2,751,000
2,713,000
Depreciation Amortization Depletion Income Statement
80,000
101,000
113,000
134,000
Depreciation And Amortization In Income Statement
80,000
101,000
113,000
134,000
Amortization
80,000
101,000
113,000
134,000
Amortization Of Intangibles Income Statement
80,000
101,000
113,000
134,000
Selling General And Administration
2,779,000
2,675,000
2,638,000
2,579,000
Gross Profit
7,075,000
7,040,000
6,791,000
6,503,000
Cost Of Revenue
8,969,000
8,858,000
9,316,000
9,429,000
Total Revenue
16,044,000
15,898,000
16,107,000
15,932,000
Operating Revenue
16,044,000
15,898,000
16,107,000
15,932,000
Balance Sheet
2025
2024
2023
2022
2021
Treasury Shares Number
261,400
256,000
250,661
245,000
Ordinary Shares Number
288,600
294,000
299,339
305,000
Share Issued
550,000
550,000
550,000
550,000
Net Debt
8,118,000
6,915,000
7,099,000
7,055,000
Total Debt
9,211,000
8,078,000
8,370,000
7,949,000
Tangible Book Value
-2,464,000
-2,115,000
-2,554,000
-2,544,000
Invested Capital
12,194,000
11,179,000
11,176,000
10,851,000
Working Capital
1,074,000
1,548,000
1,560,000
1,810,000
Net Tangible Assets
-2,464,000
-2,115,000
-2,554,000
-2,544,000
Capital Lease Obligations
242,000
215,000
206,000
186,000
Common Stock Equity
3,225,000
3,316,000
3,012,000
3,088,000
Total Capitalization
9,908,000
9,624,000
9,351,000
9,261,000
Total Equity Gross Minority Interest
3,226,000
3,317,000
3,013,000
3,089,000
Minority Interest
1,000
1,000
1,000
1,000
Stockholders Equity
3,225,000
3,316,000
3,012,000
3,088,000
Gains Losses Not Affecting Retained Earnings
-1,827,000
-1,877,000
-1,834,000
-1,841,000
Other Equity Adjustments
-1,827,000
-1,877,000
-1,834,000
-1,841,000
Treasury Stock
26,875,000
25,375,000
23,870,000
22,377,000
Retained Earnings
30,150,000
28,893,000
27,122,000
25,799,000
Additional Paid In Capital
1,771,000
1,669,000
1,588,000
1,501,000
Capital Stock
6,000
6,000
6,000
6,000
Common Stock
6,000
6,000
6,000
6,000
Total Liabilities Net Minority Interest
12,922,000
11,750,000
12,505,000
12,333,000
Total Non Current Liabilities Net Minority Interest
7,796,000
7,442,000
7,830,000
7,873,000
Other Non Current Liabilities
574,000
633,000
554,000
506,000
Employee Benefits
205,000
224,000
312,000
306,000
Non Current Pension And Other Postretirement Benefit Plans
205,000
224,000
312,000
306,000
Tradeand Other Payables Non Current
0
151,000
273,000
365,000
Non Current Deferred Liabilities
154,000
119,000
326,000
484,000
Non Current Deferred Taxes Liabilities
154,000
119,000
326,000
484,000
Long Term Debt And Capital Lease Obligation
6,863,000
6,466,000
6,487,000
6,304,000
Long Term Capital Lease Obligation
180,000
158,000
148,000
131,000
Long Term Debt
6,683,000
6,308,000
6,339,000
6,173,000
Current Liabilities
5,126,000
4,308,000
4,675,000
4,460,000
Other Current Liabilities
1,000
Current Deferred Liabilities
340,000
360,000
395,000
427,000
Current Deferred Revenue
340,000
360,000
395,000
427,000
Current Debt And Capital Lease Obligation
2,348,000
1,612,000
1,883,000
1,645,000
Current Capital Lease Obligation
62,000
57,000
58,000
55,000
Current Debt
2,286,000
1,555,000
1,825,000
1,590,000
Other Current Borrowings
999,000
777,000
1,361,000
537,000
Commercial Paper
1,287,000
778,000
464,000
1,053,000
Pensionand Other Post Retirement Benefit Plans Current
463,000
421,000
455,000
466,000
Payables And Accrued Expenses
1,975,000
1,915,000
1,942,000
1,921,000
Current Accrued Expenses
771,000
738,000
755,000
780,000
Payables
1,204,000
1,177,000
1,187,000
1,141,000
Dividends Payable
465,000
441,000
419,000
400,000
Total Tax Payable
217,000
217,000
187,000
147,000
Income Tax Payable
217,000
217,000
187,000
147,000
Accounts Payable
522,000
519,000
581,000
594,000
Total Assets
16,148,000
15,067,000
15,518,000
15,422,000
Total Non Current Assets
9,948,000
9,211,000
9,283,000
9,152,000
Other Non Current Assets
828,000
804,000
771,000
715,000
Defined Pension Benefit
388,000
305,000
243,000
251,000
Non Current Deferred Assets
519,000
369,000
479,000
494,000
Non Current Deferred Taxes Assets
519,000
369,000
479,000
494,000
Goodwill And Other Intangible Assets
5,689,000
5,431,000
5,566,000
5,632,000
Other Intangible Assets
591,000
592,000
657,000
768,000
Goodwill
5,098,000
4,839,000
4,909,000
4,864,000
Net PPE
2,524,000
2,302,000
2,224,000
2,060,000
Accumulated Depreciation
-4,362,000
-4,027,000
-4,075,000
-3,904,000
Gross PPE
6,886,000
6,329,000
6,299,000
5,964,000
Construction In Progress
299,000
270,000
294,000
259,000
Other Properties
294,000
266,000
248,000
212,000
Machinery Furniture Equipment
4,389,000
4,043,000
4,070,000
3,891,000
Buildings And Improvements
1,705,000
1,562,000
1,490,000
1,414,000
Land And Improvements
199,000
188,000
197,000
188,000
Current Assets
6,200,000
5,856,000
6,235,000
6,270,000
Other Current Assets
226,000
147,000
157,000
175,000
Assets Held For Sale Current
0
8,000
0
Prepaid Assets
60,000
60,000
55,000
52,000
Inventory
1,659,000
1,605,000
1,707,000
2,054,000
Inventories Adjustments Allowances
0
-117,000
-111,000
-118,000
Finished Goods
828,000
777,000
848,000
1,050,000
Work In Process
191,000
193,000
234,000
228,000
Raw Materials
640,000
635,000
742,000
887,000
Receivables
3,404,000
3,096,000
3,251,000
3,273,000
Taxes Receivable
177,000
105,000
128,000
102,000
Accounts Receivable
3,227,000
2,991,000
3,123,000
3,171,000
Allowance For Doubtful Accounts Receivable
-26,000
-24,000
-29,000
-26,000
Gross Accounts Receivable
3,253,000
3,015,000
3,152,000
3,197,000
Cash Cash Equivalents And Short Term Investments
851,000
948,000
1,065,000
708,000
Cash And Cash Equivalents
851,000
948,000
1,065,000
708,000
Cash Flow
2025
2024
2023
2022
2021
Free Cash Flow
2,707,000
2,844,000
3,084,000
1,936,000
Repurchase Of Capital Stock
-1,500,000
-1,500,000
-1,500,000
-1,750,000
Repayment Of Debt
0
-1,926,000
-679,000
-1,113,000
Issuance Of Debt
0
1,606,000
1,425,000
593,000
Issuance Of Capital Stock
65,000
52,000
53,000
29,000
Capital Expenditure
-419,000
-437,000
-455,000
-412,000
Interest Paid Supplemental Data
279,000
248,000
260,000
199,000
Income Tax Paid Supplemental Data
1,052,000
1,180,000
1,026,000
993,000
End Cash Position
851,000
948,000
1,065,000
708,000
Beginning Cash Position
948,000
1,065,000
708,000
1,527,000
Effect Of Exchange Rate Changes
42,000
-65,000
3,000
-57,000
Changes In Cash
-139,000
-52,000
354,000
-762,000
Financing Cash Flow
-2,744,000
-3,189,000
-2,782,000
-3,000,000
Cash Flow From Continuing Financing Activities
-2,744,000
-3,189,000
-2,782,000
-3,000,000
Net Other Financing Charges
-32,000
-38,000
-14,000
-13,000
Cash Dividends Paid
-1,785,000
-1,695,000
-1,615,000
-1,542,000
Common Stock Dividend Paid
-1,785,000
-1,695,000
-1,615,000
-1,542,000
Net Common Stock Issuance
-1,435,000
-1,448,000
-1,447,000
-1,721,000
Common Stock Payments
-1,500,000
-1,500,000
-1,500,000
-1,750,000
Common Stock Issuance
65,000
52,000
53,000
29,000
Net Issuance Payments Of Debt
508,000
-8,000
294,000
276,000
Net Short Term Debt Issuance
508,000
312,000
-452,000
796,000
Net Long Term Debt Issuance
0
-320,000
746,000
-520,000
Long Term Debt Payments
0
-1,926,000
-679,000
-1,113,000
Long Term Debt Issuance
0
1,606,000
1,425,000
593,000
Investing Cash Flow
-521,000
-144,000
-403,000
-110,000
Cash Flow From Continuing Investing Activities
-521,000
-144,000
-403,000
-110,000
Net Other Investing Changes
-2,000
-10,000
-2,000
-1,000
Net Investment Purchase And Sale
7,000
11,000
27,000
12,000
Sale Of Investment
7,000
11,000
27,000
12,000
Net Business Purchase And Sale
-118,000
280,000
7,000
276,000
Sale Of Business
1,000
395,000
7,000
278,000
Purchase Of Business
-119,000
-115,000
0
-2,000
Net PPE Purchase And Sale
-408,000
-425,000
-435,000
-397,000
Sale Of PPE
11,000
12,000
20,000
15,000
Purchase Of PPE
-419,000
-437,000
-455,000
-412,000
Operating Cash Flow
3,126,000
3,281,000
3,539,000
2,348,000
Cash Flow From Continuing Operating Activities
3,126,000
3,281,000
3,539,000
2,348,000
Change In Working Capital
-406,000
-18,000
210,000
-816,000
Change In Other Working Capital
-135,000
-70,000
-72,000
-35,000
Change In Payables And Accrued Expense
-77,000
-117,000
-116,000
154,000
Change In Accrued Expense
-48,000
-74,000
-102,000
119,000
Change In Payable
-29,000
-43,000
-14,000
35,000
Change In Account Payable
-29,000
-43,000
-14,000
35,000
Change In Tax Payable
49,000
Change In Income Tax Payable
49,000
Change In Prepaid Assets
-136,000
-41,000
-26,000
-19,000
Change In Inventory
34,000
176,000
360,000
-455,000
Change In Receivables
-92,000
34,000
64,000
-461,000
Changes In Account Receivables
-92,000
34,000
64,000
-461,000
Other Non Cash Items
9,000
-112,000
-8,000
-6,000
Stock Based Compensation
69,000
61,000
69,000
63,000
Provisionand Write Offof Assets
5,000
-1,000
6,000
5,000
Deferred Tax
-17,000
-176,000
-88,000
-150,000
Deferred Income Tax
-17,000
-176,000
-88,000
-150,000
Depreciation Amortization Depletion
397,000
402,000
395,000
410,000
Depreciation And Amortization
397,000
402,000
395,000
410,000
Amortization Cash Flow
80,000
101,000
113,000
134,000
Amortization Of Intangibles
80,000
101,000
113,000
134,000
Depreciation
317,000
301,000
282,000
276,000
Operating Gains Losses
3,000
-363,000
-2,000
-192,000
Gain Loss On Investment Securities
-2,000
-9,000
-29,000
Gain Loss On Sale Of PPE
3,000
0
-1,000
-1,000
Gain Loss On Sale Of Business
0
-363,000
-1,000
-191,000
Net Income From Continuing Operations
3,066,000
3,488,000
2,957,000
3,034,000
2/5
Graham Score
Speculative Investor
Fails most of Graham's safety criteria. Treat with caution.
Graham's Fair Value
N/A
N/A — requires
positive EPS and positive book value per share. Check the Financials tab for earnings history.
Margin of Safety
—
Market Cap / Net Assets
N/A
Net Assets: $3.2B
Warren's Owner Earnings
$3.9B
Latest fiscal year
Graham's 7 Criteria
Defensive Investor Checklist
2/5 — Speculative Investor
✅
Adequate Size
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
$16.0B
vs > $1.5B revenue
❌
Strong Financial Condition
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
1.21x
vs Current Ratio > 2.0x
✅
Earnings Stability
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
No loss years (4 yrs data)
vs No negative EPS years
❌
Dividend Record
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
No dividend
vs Uninterrupted dividends
❌
Earnings Growth
EPS grew from $9.77 to $10.49 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
+7.4% EPS growth
vs > 33% EPS growth
Graham's 7 Criteria — Explained
What each criterion measures and why it matters.
✅ Adequate Size — $16.0Bvs > $1.5B revenue
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
"The minimum size of an enterprise should be not less than $100 million of annual sales."
❌ Strong Financial Condition — 1.21xvs Current Ratio > 2.0x
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
"For industrial companies, current assets should be at least twice current liabilities."
✅ Earnings Stability — No loss years (4 yrs data)vs No negative EPS years
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
"The company should have shown no deficit in the past ten years."
❌ Dividend Record — No dividendvs Uninterrupted dividends
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
"Some current dividend payments — for at least the past 20 years."
EPS grew from $9.77 to $10.49 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
"A minimum increase of at least one-third in per-share earnings over ten years."
These metrics estimate what ITW is worth based on fundamentals — independent of what the market prices it at.
Graham's Fair Value and NCAV are conservative floors.
EPV assumes zero growth. These are reference points, not price targets.
Net Current Asset Value
N/A
"Buy at two-thirds of net current assets." — Graham
Earnings Power Value
N/A
Per share, no-growth floor. Compare to current price.
ROIC — Return on Invested Capital
30.2%
Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.
Cash Flow Analysis
Metric
2025
2024
2023
2022
2021
Capital Expenditure % of Net Income
13.7%
12.5%
15.4%
13.6%
N/A
Repurchase of Capital Stock
-$1.5B
-$1.5B
-$1.5B
-$1.8B
N/A
Free Cash Flow
$2.7B▼
$2.8B▼
$3.1B▲
$1.9B•
N/A•
Warren's Owner Earnings
$3.9B
$4.3B
$3.8B
$3.9B
N/A
Peers & Industry
No auto-detected peers for this industry. You can manually compare ITW against any stock using the Compare tool.
"The management of a business is its most important single factor — more important than market position, patents, or financial structure."
— Benjamin Graham
No management data available.
Risk Analysis
ITW (ITW) fundamental analysis — Overall grade B based on profitability, financial health, valuation and cash flow. Graham's
Fair Value: N/A. Gross profit margin: 44.1%. Operating margin: 26.3%. Net margin: 19.1%. Analysis powered by 360investing — free fundamental stock analysis based on Benjamin Graham and Warren Buffett
principles.
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and may be delayed, inaccurate, or incomplete. Past performance is not indicative of future results. Analysis, scores, and valuations are algorithmic and do not represent professional investment recommendations. Always conduct your own due
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