Illinois Tool Works

Name: Illinois Tool Works (ITW) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

ITW

Illinois Tool Works has retired 54.0% of its shares since 2003, from 618,946,750 to 284,800,000.

54.0%retired since 2003

9.3%last 5 years

1.8%last 12 months

285Mshares today

At $272.28 a share, a market value of $77.5B. FCF yield 3.8%, P/E 24.3, trailing twelve months to June 2026.

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 601,357,7942026-06-30, 284,800,000

A share bought in 1999

2.1× more of Illinois Tool Works today, without buying another share. It was one of 601,357,794 shares then. It is one of 284,800,000 now.

Every filing we read27 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	2000-03-14	601,357,794	10-K405	cover page
2000	2001-01-31	606,003,336	10-K405	cover page
2001	2002-03-12	611,790,616	10-K405	cover page
2002	2003-02-28	614,837,718	10-K	cover page
2003	2004-02-27	618,946,750	10-K	cover page
2004	2005-01-31	584,515,602	10-K	cover page
2005	2006-01-31	561,837,734	10-K	cover page
2006	2007-01-31	558,822,857	10-K	cover page
2007	2008-01-31	526,912,512	10-K	cover page
2008	2009-01-31	499,164,971	10-K	cover page
2009	2010-01-31	502,408,086	10-K
2010	2011-01-31	498,419,391	10-K
2011	2012-01-31	483,773,784	10-K
2012	2013-01-31	451,435,783	10-K
2013	2014-01-31	424,867,793	10-K
2014	2015-01-31	379,447,026	10-K
2015	2016-01-31	363,766,897	10-K
2016	2017-01-31	346,550,685	10-K
2017	2018-01-31	341,545,719	10-K
2018	2019-01-31	328,108,383	10-K
2019	2020-01-31	318,864,237	10-K
2020	2021-01-31	316,662,263	10-K
2021	2022-01-31	312,926,939	10-K
2022	2023-01-31	305,068,141	10-K
2023	2024-01-31	298,800,000	10-K
2024	2025-01-31	293,500,000	10-K
2025	2026-01-31	288,200,000	10-K

Source: all 10-K filings of Illinois Tool Works on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2007 to 2025cash flow statement against share count

$29.4Bspent on buybacks

271Mfewer shares outstanding

1.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $272.28.

Illinois Tool Works buybacks, answered

Is Illinois Tool Works buying back its stock?

Yes. Illinois Tool Works has 1.8% fewer shares outstanding than twelve months ago, 284,800,000 as of June 30, 2026. Over five years the share count is down 9.3%.

How many shares has Illinois Tool Works bought back?

Net of every new share it issued, Illinois Tool Works has 334.1 million fewer shares than at its 2003 peak. That is 54.0% of the company.

How many shares does Illinois Tool Works have outstanding?

284,800,000 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 2003 peak it had 618,946,750.

What do Illinois Tool Works' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Illinois Tool Works stock in 2003 owns 2.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Illinois Tool Works compare with other cannibal stocks?

Illinois Tool Works ranks No. 65 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Affiliated Managers Group (54.4%), Unum Group (54.4%), Yum! Brands (54.0%), Valero Energy (53.7%).

Every answer is computed from Illinois Tool Works' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.