Illinois Tool Works Return On Tangible Equity 2010-2024 | ITW
- Illinois Tool Works average return on tangible equity for 2023 was -122.35, a 0.46% increase from 2022.
- Illinois Tool Works average return on tangible equity for 2022 was -122.92, a 3.04% decline from 2021.
- Illinois Tool Works average return on tangible equity for 2021 was -119.29, a 40.82% increase from 2020.
Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.