ITW
Illinois Tool Works Inc.
ITW's fundamentals are mixed: it turned 17% of its revenue into free cash flow, while its operating margin held steady at 27%. At 26x earnings, it's trading in line with its usual 24x. Analysts expect earnings growth.
RDW
Redwire Corporation
RDW lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
ITW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Healthy |
ITW's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
ITW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 23x | $253 | -12% |
| Fair | 24x | $274 | -4.4% |
| Forward | 24x | $287 | — |
| Current | 26x | $287 | — |
| Expensive | 28x | $311 | +8.4% |
Historical ranges are pointers, not guarantees.
ITW's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 24x next year's earnings, in its fair range.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
ITW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect ITW's earnings to grow and its profitability to improve, with its revenue holding steady.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over ITW on the outlook, with more favorable revenue expectations.
ITW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.04 | +7.3% |
| Q3 2026 | $11.22 | +8.9% |
| Q2 2026 | $11.03 | -3.2% |
| Q1 2026 | $10.77 | -5.2% |
| Q4 2025 | $10.49 | -10% |
| Q3 2025 | $10.30 | -11% |
| Q2 2025 | $11.40 | +12% |
| Q1 2025 | $11.36 | +12% |
| Q4 2024 | $11.71 | +20% |
ITW has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
ITW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.2B | +4.4% |
| Q2 2026 | $4.3B | +6.1% |
| Q1 2026 | $4B | +4.6% |
| Q4 2025 | $4.1B | +4.1% |
| Q3 2025 | $4.1B | +2.3% |
| Q2 2025 | $4.1B | +0.6% |
| Q1 2025 | $3.8B | -3.4% |
| Q4 2024 | $3.9B | -1.3% |
ITW's revenue has grown year over year for six quarters in a row: $4.2B last quarter, up 4.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | +0.4 points |
| Q2 2026 | 27% | +0.3 points |
| Q1 2026 | 25% | +0.6 points |
| Q4 2025 | 27% | +0.3 points |
| Q3 2025 | 27% | +0.9 points |
| Q2 2025 | 26% | +0.2 points |
| Q1 2025 | 25% | -3.6 points |
| Q4 2024 | 26% | +1.4 points |
ITW has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over ITW on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
ITW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $851M | -5.9% |
| Q2 2026 | $631M | +41% |
| Q1 2026 | $528M | +6.5% |
| Q4 2025 | $858M | -14% |
| Q3 2025 | $904M | +15% |
| Q2 2025 | $449M | -21% |
| Q1 2025 | $496M | +0.4% |
| Q4 2024 | $996M | +9.7% |
ITW has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
ITW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1.7M shares |
| 1 year | -2.2% | -6.4M shares |
| 3 years | -5.8% | -17.7M shares |
| 5 years | -9.7% | -30.6M shares |
| Available history | -12% | -40.3M shares |
ITW has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $187M |
| Q2 2026 | $750M |
| Q1 2026 | $375M |
| Q4 2025 | $375M |
| Q3 2025 | $375M |
| Q2 2025 | $375M |
| Q1 2025 | $375M |
| Q4 2024 | $375M |
ITW spent $1.7B buying back its own shares over the past year, up 12% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ITW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 1.5x | Healthy |
ITW's net debt is about 1.8 years of its operating earnings (EBITDA), about the same as a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ITW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.0 | Neutral |
| Stochastic | 59.9 | Neutral |
ITW's weekly RSI is 60 (neutral) and its Stochastic is 60 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
ITW PE vs Industrials Sector
| Metric | ITW | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 6.2% above |
| PE % | 67 | 58 | 9 pts above |
ITW is trading at 26x earnings, in line with the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
ITW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $274.5 | 4.5% above |
| 20 week MA | $277.0 | 3.5% above |
| 50 week MA | $269.0 | 6.6% above |
| 100 week MA | $260.5 | 10% above |
| 200 week MA | $253.6 | 13% above |
ITW has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
ITW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $181.1 | $202.4 | +12% |
| 2021 | $202.4 | $240.5 | +19% |
| 2022 | $240.5 | $222.0 | -7.7% |
| 2023 | $222.0 | $261.9 | +18% |
| 2024 | $261.9 | $256.6 | -2.1% |
| 2025 | $256.6 | $252.5 | -1.6% |
| 2026 YTD | $252.5 | $286.8 | +14% |
ITW has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.