Illinois Tool Works vs Parker Hannifin
Parker Hannifin is the larger business, with $21.50bn of revenue in fiscal 2026 against $16.04bn for Illinois Tool Works (1.3 times as much). Parker Hannifin grew faster (8.3% against 0.9%). Illinois Tool Works kept more of each dollar of sales as profit: a net margin of 19.1% against 17.0%. Parker Hannifin carries less debt relative to equity (61.8% against 278.4%).
| Latest fiscal year | Illinois Tool WorksITW, 2025 | Parker HannifinPH, 2026 |
|---|---|---|
| Revenue | $16.04bn | $21.50bn |
| Revenue growth | 0.9% | 8.3% |
| Net income | $3.07bn | $3.65bn |
| Operating margin | 26.3% | 23.6% |
| Net margin | 19.1% | 17.0% |
| Return on equity | 93.7% | 25.1% |
| Free cash flow | $2.71bn | $3.90bn |
| Cash | $851m | $501m |
| Total debt | $8.98bn | $9.52bn |
| Debt to equity | 278.4% | 61.8% |
| Dividend per share | $6.22 | $7.40 |
| Dividend yield | 2.3% | 0.8% |
| Share buybacks | $1.50bn | $1.26bn |
| Employees | 43,000 | — |
| Market value | $81.34bn | $120.85bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 87 (Strong) | 70 (Moderate) |
| Insider trades, 12 months | 2 buys, 14 sales | 0 buys, 70 sales |