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Side-by-side financial comparison of Illinois Tool Works (ITW) and SMITHFIELD FOODS INC (SFD). Click either name above to swap in a different company.
Illinois Tool Works is the larger business by last-quarter revenue ($4.1B vs $3.8B, roughly 1.1× SMITHFIELD FOODS INC). Illinois Tool Works runs the higher net margin — 19.3% vs 6.6%, a 12.7% gap on every dollar of revenue. On growth, Illinois Tool Works posted the faster year-over-year revenue change (4.1% vs 0.8%). Over the past eight quarters, SMITHFIELD FOODS INC's revenue compounded faster (5.5% CAGR vs 1.5%).
Illinois Tool Works Inc. (ITW) is an American Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith and has built its growth on a "small-wins strategy" based on decentralization, simplicity, customer-focused innovation, and acquisitions.
Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...
ITW vs SFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $3.8B |
| Net Profit | $790.0M | $249.0M |
| Gross Margin | 53.0% | 13.4% |
| Operating Margin | 26.5% | 8.8% |
| Net Margin | 19.3% | 6.6% |
| Revenue YoY | 4.1% | 0.8% |
| Net Profit YoY | 5.3% | 9.7% |
| EPS (diluted) | $2.72 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.1B | $4.2B | ||
| Q3 25 | $4.1B | $3.7B | ||
| Q2 25 | $4.1B | $3.8B | ||
| Q1 25 | $3.8B | $3.8B | ||
| Q4 24 | $3.9B | $4.0B | ||
| Q3 24 | $4.0B | $3.3B | ||
| Q2 24 | $4.0B | $3.4B |
| Q1 26 | — | $249.0M | ||
| Q4 25 | $790.0M | $327.0M | ||
| Q3 25 | $821.0M | $248.0M | ||
| Q2 25 | $755.0M | $188.0M | ||
| Q1 25 | $700.0M | $224.0M | ||
| Q4 24 | $750.0M | $205.0M | ||
| Q3 24 | $1.2B | $291.0M | ||
| Q2 24 | $759.0M | $301.0M |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 53.0% | 14.2% | ||
| Q3 25 | 53.2% | 12.8% | ||
| Q2 25 | 52.8% | 13.2% | ||
| Q1 25 | 52.6% | 13.5% | ||
| Q4 24 | 52.1% | 13.5% | ||
| Q3 24 | 52.5% | 14.3% | ||
| Q2 24 | 52.3% | 15.4% |
| Q1 26 | — | 8.8% | ||
| Q4 25 | 26.5% | 9.5% | ||
| Q3 25 | 27.4% | 8.3% | ||
| Q2 25 | 26.4% | 6.9% | ||
| Q1 25 | 24.8% | 8.5% | ||
| Q4 24 | 26.2% | 8.5% | ||
| Q3 24 | 26.5% | 8.5% | ||
| Q2 24 | 26.2% | 9.8% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 19.3% | 7.7% | ||
| Q3 25 | 20.2% | 6.6% | ||
| Q2 25 | 18.6% | 5.0% | ||
| Q1 25 | 18.2% | 5.9% | ||
| Q4 24 | 19.1% | 5.2% | ||
| Q3 24 | 29.2% | 8.7% | ||
| Q2 24 | 18.8% | 8.8% |
| Q1 26 | — | — | ||
| Q4 25 | $2.72 | $0.83 | ||
| Q3 25 | $2.81 | $0.63 | ||
| Q2 25 | $2.58 | $0.48 | ||
| Q1 25 | $2.38 | $0.57 | ||
| Q4 24 | $2.53 | $0.54 | ||
| Q3 24 | $3.91 | $0.77 | ||
| Q2 24 | $2.54 | $0.79 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $851.0M | $1.4B |
| Total DebtLower is stronger | $7.7B | — |
| Stockholders' EquityBook value | $3.2B | $6.9B |
| Total Assets | $16.1B | $12.0B |
| Debt / EquityLower = less leverage | 2.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $851.0M | — | ||
| Q3 25 | $924.0M | — | ||
| Q2 25 | $788.0M | — | ||
| Q1 25 | $873.0M | — | ||
| Q4 24 | $948.0M | — | ||
| Q3 24 | $947.0M | — | ||
| Q2 24 | $862.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $7.1B | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $3.2B | $6.8B | ||
| Q3 25 | $3.2B | $6.5B | ||
| Q2 25 | $3.2B | $6.3B | ||
| Q1 25 | $3.2B | $6.2B | ||
| Q4 24 | $3.3B | $5.8B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | $12.0B | ||
| Q4 25 | $16.1B | $12.2B | ||
| Q3 25 | $16.1B | $11.5B | ||
| Q2 25 | $16.0B | $11.2B | ||
| Q1 25 | $15.5B | $11.1B | ||
| Q4 24 | $15.1B | $11.1B | ||
| Q3 24 | $15.8B | — | ||
| Q2 24 | $15.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.38× | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 2.14× | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $963.0M | — |
| Free Cash FlowOCF − Capex | $858.0M | — |
| FCF MarginFCF / Revenue | 21.0% | — |
| Capex IntensityCapex / Revenue | 2.6% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $963.0M | $938.0M | ||
| Q3 25 | $1.0B | $13.0M | ||
| Q2 25 | $550.0M | $274.0M | ||
| Q1 25 | $592.0M | $-166.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $891.0M | — | ||
| Q2 24 | $687.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $858.0M | $842.0M | ||
| Q3 25 | $904.0M | $-75.0M | ||
| Q2 25 | $449.0M | $196.0M | ||
| Q1 25 | $496.0M | $-245.0M | ||
| Q4 24 | $996.0M | — | ||
| Q3 24 | $783.0M | — | ||
| Q2 24 | $571.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 21.0% | 19.9% | ||
| Q3 25 | 22.3% | -2.0% | ||
| Q2 25 | 11.1% | 5.2% | ||
| Q1 25 | 12.9% | -6.5% | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 14.2% | — |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 2.6% | 2.3% | ||
| Q3 25 | 2.9% | 2.3% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | 2.5% | 2.1% | ||
| Q4 24 | 3.0% | 2.1% | ||
| Q3 24 | 2.7% | 2.8% | ||
| Q2 24 | 2.9% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.22× | 2.87× | ||
| Q3 25 | 1.24× | 0.05× | ||
| Q2 25 | 0.73× | 1.46× | ||
| Q1 25 | 0.85× | -0.74× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.91× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
