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Side-by-side financial comparison of Illinois Tool Works (ITW) and Xylem Inc. (XYL). Click either name above to swap in a different company.
Illinois Tool Works is the larger business by last-quarter revenue ($4.1B vs $2.4B, roughly 1.7× Xylem Inc.). Illinois Tool Works runs the higher net margin — 19.3% vs 14.0%, a 5.3% gap on every dollar of revenue. On growth, Xylem Inc. posted the faster year-over-year revenue change (6.3% vs 4.1%). Illinois Tool Works produced more free cash flow last quarter ($858.0M vs $460.0M). Over the past eight quarters, Xylem Inc.'s revenue compounded faster (8.6% 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.
Xylem is one of the two types of transport tissue in vascular plants, the other being phloem; both of these are part of the vascular bundle. The basic function of the xylem is to transport water upward from the roots to parts of the plants such as stems and leaves, but it also transports nutrients. The word xylem is derived from the Ancient Greek word ξύλον (xúlon), meaning "wood"; the best-known xylem tissue is wood, though it is found throughout a plant.
ITW vs XYL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $2.4B |
| Net Profit | $790.0M | $335.0M |
| Gross Margin | 53.0% | 38.9% |
| Operating Margin | 26.5% | 14.7% |
| Net Margin | 19.3% | 14.0% |
| Revenue YoY | 4.1% | 6.3% |
| Net Profit YoY | 5.3% | 2.8% |
| EPS (diluted) | $2.72 | $1.37 |
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.
| Q4 25 | $4.1B | $2.4B | ||
| Q3 25 | $4.1B | $2.3B | ||
| Q2 25 | $4.1B | $2.3B | ||
| Q1 25 | $3.8B | $2.1B | ||
| Q4 24 | $3.9B | $2.3B | ||
| Q3 24 | $4.0B | $2.1B | ||
| Q2 24 | $4.0B | $2.2B | ||
| Q1 24 | $4.0B | $2.0B |
| Q4 25 | $790.0M | $335.0M | ||
| Q3 25 | $821.0M | $227.0M | ||
| Q2 25 | $755.0M | $226.0M | ||
| Q1 25 | $700.0M | $169.0M | ||
| Q4 24 | $750.0M | $326.0M | ||
| Q3 24 | $1.2B | $217.0M | ||
| Q2 24 | $759.0M | $194.0M | ||
| Q1 24 | $819.0M | $153.0M |
| Q4 25 | 53.0% | 38.9% | ||
| Q3 25 | 53.2% | 38.9% | ||
| Q2 25 | 52.8% | 38.8% | ||
| Q1 25 | 52.6% | 37.1% | ||
| Q4 24 | 52.1% | 38.0% | ||
| Q3 24 | 52.5% | 37.3% | ||
| Q2 24 | 52.3% | 37.8% | ||
| Q1 24 | 51.7% | 37.0% |
| Q4 25 | 26.5% | 14.7% | ||
| Q3 25 | 27.4% | 14.7% | ||
| Q2 25 | 26.4% | 13.3% | ||
| Q1 25 | 24.8% | 11.2% | ||
| Q4 24 | 26.2% | 11.8% | ||
| Q3 24 | 26.5% | 13.3% | ||
| Q2 24 | 26.2% | 11.7% | ||
| Q1 24 | 28.4% | 10.3% |
| Q4 25 | 19.3% | 14.0% | ||
| Q3 25 | 20.2% | 10.0% | ||
| Q2 25 | 18.6% | 9.8% | ||
| Q1 25 | 18.2% | 8.2% | ||
| Q4 24 | 19.1% | 14.5% | ||
| Q3 24 | 29.2% | 10.3% | ||
| Q2 24 | 18.8% | 8.9% | ||
| Q1 24 | 20.6% | 7.5% |
| Q4 25 | $2.72 | $1.37 | ||
| Q3 25 | $2.81 | $0.93 | ||
| Q2 25 | $2.58 | $0.93 | ||
| Q1 25 | $2.38 | $0.69 | ||
| Q4 24 | $2.53 | $1.33 | ||
| Q3 24 | $3.91 | $0.89 | ||
| Q2 24 | $2.54 | $0.80 | ||
| Q1 24 | $2.73 | $0.63 |
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 | $1.5B |
| Total DebtLower is stronger | $7.7B | $2.0B |
| Stockholders' EquityBook value | $3.2B | $11.5B |
| Total Assets | $16.1B | $17.6B |
| Debt / EquityLower = less leverage | 2.38× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $851.0M | $1.5B | ||
| Q3 25 | $924.0M | $1.2B | ||
| Q2 25 | $788.0M | $1.2B | ||
| Q1 25 | $873.0M | $1.1B | ||
| Q4 24 | $948.0M | $1.1B | ||
| Q3 24 | $947.0M | $989.0M | ||
| Q2 24 | $862.0M | $815.0M | ||
| Q1 24 | $959.0M | $947.0M |
| 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 24 | — | — |
| Q4 25 | $3.2B | $11.5B | ||
| Q3 25 | $3.2B | $11.2B | ||
| Q2 25 | $3.2B | $11.1B | ||
| Q1 25 | $3.2B | $10.8B | ||
| Q4 24 | $3.3B | $10.6B | ||
| Q3 24 | $3.4B | $10.6B | ||
| Q2 24 | $3.0B | $10.3B | ||
| Q1 24 | $3.0B | $10.2B |
| Q4 25 | $16.1B | $17.6B | ||
| Q3 25 | $16.1B | $17.3B | ||
| Q2 25 | $16.0B | $17.2B | ||
| Q1 25 | $15.5B | $16.6B | ||
| Q4 24 | $15.1B | $16.5B | ||
| Q3 24 | $15.8B | $16.0B | ||
| Q2 24 | $15.6B | $15.8B | ||
| Q1 24 | $15.1B | $15.9B |
| Q4 25 | 2.38× | 0.17× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 2.14× | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $543.0M |
| Free Cash FlowOCF − Capex | $858.0M | $460.0M |
| FCF MarginFCF / Revenue | 21.0% | 19.2% |
| Capex IntensityCapex / Revenue | 2.6% | 3.5% |
| Cash ConversionOCF / Net Profit | 1.22× | 1.62× |
| TTM Free Cash FlowTrailing 4 quarters | $2.7B | $910.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $963.0M | $543.0M | ||
| Q3 25 | $1.0B | $360.0M | ||
| Q2 25 | $550.0M | $305.0M | ||
| Q1 25 | $592.0M | $33.0M | ||
| Q4 24 | $1.1B | $575.0M | ||
| Q3 24 | $891.0M | $311.0M | ||
| Q2 24 | $687.0M | $288.0M | ||
| Q1 24 | $589.0M | $89.0M |
| Q4 25 | $858.0M | $460.0M | ||
| Q3 25 | $904.0M | $281.0M | ||
| Q2 25 | $449.0M | $207.0M | ||
| Q1 25 | $496.0M | $-38.0M | ||
| Q4 24 | $996.0M | $475.0M | ||
| Q3 24 | $783.0M | $237.0M | ||
| Q2 24 | $571.0M | $215.0M | ||
| Q1 24 | $494.0M | $15.0M |
| Q4 25 | 21.0% | 19.2% | ||
| Q3 25 | 22.3% | 12.4% | ||
| Q2 25 | 11.1% | 9.0% | ||
| Q1 25 | 12.9% | -1.8% | ||
| Q4 24 | 25.3% | 21.1% | ||
| Q3 24 | 19.7% | 11.3% | ||
| Q2 24 | 14.2% | 9.9% | ||
| Q1 24 | 12.4% | 0.7% |
| Q4 25 | 2.6% | 3.5% | ||
| Q3 25 | 2.9% | 3.5% | ||
| Q2 25 | 2.5% | 4.3% | ||
| Q1 25 | 2.5% | 3.4% | ||
| Q4 24 | 3.0% | 4.4% | ||
| Q3 24 | 2.7% | 3.5% | ||
| Q2 24 | 2.9% | 3.4% | ||
| Q1 24 | 2.4% | 3.6% |
| Q4 25 | 1.22× | 1.62× | ||
| Q3 25 | 1.24× | 1.59× | ||
| Q2 25 | 0.73× | 1.35× | ||
| Q1 25 | 0.85× | 0.20× | ||
| Q4 24 | 1.49× | 1.76× | ||
| Q3 24 | 0.77× | 1.43× | ||
| Q2 24 | 0.91× | 1.48× | ||
| Q1 24 | 0.72× | 0.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ITW
Segment breakdown not available.
XYL
| Products | $2.0B | 83% |
| Services | $412.0M | 17% |
