CNH vs. ITW: CNH Industrial vs. Illinois Tool Works Stock Comparison

November 11, 2026

How do CNH Industrial (CNH) and Illinois Tool Works (ITW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CNH Industrial (CNH) and Illinois Tool Works (ITW) both belong to the Machinery industry, though CNH is classified under Agricultural & Farm Machinery while ITW falls under Industrial Machinery & Supplies & Components.

Company profile comparison for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Profile Item	CNH	ITW
Name	CNH Industrial N.V.	Illinois Tool Works Inc.
Country/Region	United Kingdom	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Machinery
GICS Sub-Industry	Agricultural & Farm Machinery	Industrial Machinery & Supplies & Components
Market Capitalization	18.59 billion USD	79.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 30, 2013	March 13, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CNH

ITW

GSPC

CNH Industrial (CNH) vs. Illinois Tool Works (ITW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CNH Industrial (CNH) and Illinois Tool Works (ITW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CNH Industrial (CNH) and Illinois Tool Works (ITW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
Total Return (1Y)	38.02%	20.29%
Total Return (3Y, Annualized)	11.70%	10.62%
Total Return (5Y, Annualized)	-0.45%	6.67%

Risk Profile

Drawdown History

CNH

ITW

GSPC

CNH Industrial (CNH) vs. Illinois Tool Works (ITW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CNH Industrial (CNH) and Illinois Tool Works (ITW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
Volatility (1Y, Annualized)	45.52%	22.16%
Beta (5Y)	1.19	0.91
Max Drawdown (5Y)	-43.80%	-28.05%
Avg. Volume (3M)	18.71M	1.27M

Risk-Adjusted Performance

Risk-Return Positioning

CNH and ITW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
Sharpe Ratio (1Y)	0.74	0.72
Sortino Ratio (1Y)	1.25	1.12

Profitability

ROE (TTM)

Illinois Tool Works (ITW) at 101.65% delivers above-range ROE, while CNH Industrial (CNH) at 3.91% falls into the bottom quartile — a wide split in profit generated from equity.

CNH

Capital Goods industry group

3.91%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
CNH: 3.91%
Min: -17.12%

ITW

Capital Goods industry group

101.65%

ITW: 101.65%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Illinois Tool Works (ITW) at 19.39% retains a top-quartile share of revenue as profit, ahead of CNH Industrial (CNH) at 1.71%, which keeps about the industry-typical share.

CNH

Capital Goods industry group

1.71%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
CNH: 1.71%
Q1: 1.40%
Min: -12.89%

ITW

Capital Goods industry group

19.39%

Max: 27.47%
ITW: 19.39%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Illinois Tool Works (ITW) at 28.05% operates in the top operating margin quartile, ahead of CNH Industrial (CNH) at 5.54%, which runs around its industry’s norm.

CNH

Capital Goods industry group

5.54%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
CNH: 5.54%
Q1: 5.14%
Min: -12.63%

ITW

Capital Goods industry group

28.05%

Max: 36.60%
ITW: 28.05%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
ROE (TTM)	3.91%	101.65%
ROA (TTM)	0.87%	17.13%
Net Margin (TTM)	1.71%	19.39%
Operating Margin (TTM)	5.54%	28.05%
Gross Margin (TTM)	17.76%	44.32%

Growth

Revenue Growth

Both CNH Industrial (CNH) at -8.78% and Illinois Tool Works (ITW) at 0.92% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Illinois Tool Works (ITW) at -10.42% is around its peer norm for EPS growth, while CNH Industrial (CNH) at -58.59% drops into the bottom quartile, signaling weaker earnings momentum.

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
Revenue Growth (YoY)	-8.78%	0.92%
Revenue Growth (3Y CAGR)	-8.41%	0.23%
EPS Growth (YoY)	-58.59%	-10.42%
EPS Growth (3Y CAGR)	-34.96%	2.40%

Financial Strength

Current Ratio (MRQ)

CNH Industrial (CNH) at 4.88 carries current ratio above its industry’s typical mid-range, while Illinois Tool Works (ITW) at 1.29 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CNH

Capital Goods industry group

4.88

Max: 5.22
CNH: 4.88
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

ITW

Capital Goods industry group

1.29

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ITW: 1.29
Min: 0.36

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Debt sits unusually high against shareholders’ equity for both CNH Industrial (CNH) at 3.35 and Illinois Tool Works (ITW) at 2.98 — each debt-to-equity ratio is above its industry benchmark range.

CNH

Capital Goods industry group

3.35

CNH: 3.35
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

ITW

Capital Goods industry group

2.98

ITW: 2.98
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
Current Ratio (MRQ)	4.88	1.29
Debt / Equity (MRQ)	3.35	2.98
Net Debt / EBITDA	23.62	1.76

Dividends

Dividend Yield (TTM)

Illinois Tool Works (ITW) at 2.29% delivers top-quartile income for its industry, while CNH Industrial (CNH) at 0.89% pays a more typical yield — both are credible income propositions, ITW the richer one.

CNH

Capital Goods industry group

0.89%

Max: 2.66%
Q3: 1.14%
CNH: 0.89%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

ITW

Capital Goods industry group

2.29%

Max: 2.66%
ITW: 2.29%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both CNH Industrial (CNH) at 40.00% and Illinois Tool Works (ITW) at 58.43% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CNH

Capital Goods industry group

40.00%

Max: 67.39%
CNH: 40.00%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

ITW

Capital Goods industry group

58.43%

Max: 67.39%
ITW: 58.43%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
Dividend Yield (TTM)	0.89%	2.29%
Dividend Payout Ratio (TTM)	40.00%	58.43%

Valuation

P/E Ratio (TTM)

Illinois Tool Works (ITW) at 25.06 is near its industry’s usual P/E ratio, while CNH Industrial (CNH) at 46.24 sits in the richer quartile — CNH needs stronger growth or earnings quality to justify the premium.

CNH

Capital Goods industry group

46.24

Max: 59.38
CNH: 46.24
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

ITW

Capital Goods industry group

25.06

Max: 59.38
Q3: 35.92
Median: 25.41
ITW: 25.06
Q1: 19.47
Min: 3.03

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

CNH Industrial (CNH) at 1.02 looks cheap on sales in the lower P/S ratio quartile, while Illinois Tool Works (ITW) at 4.80 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

CNH

Capital Goods industry group

1.02

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
CNH: 1.02
Min: 0.03

ITW

Capital Goods industry group

4.80

Max: 7.54
ITW: 4.80
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

CNH Industrial (CNH) at 1.84 sits near its industry’s typical P/B ratio, while Illinois Tool Works (ITW) at 25.42 prices above its benchmark range — ITW looks rich relative to book.

CNH

Capital Goods industry group

1.84

Max: 9.66
Q3: 5.00
Median: 3.12
CNH: 1.84
Q1: 1.81
Min: -1.08

ITW

Capital Goods industry group

25.42

ITW: 25.42
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

CNH Industrial (CNH) vs. Illinois Tool Works (ITW): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for CNH Industrial (CNH) and Illinois Tool Works (ITW)
Metric	CNH	ITW
P/E Ratio (TTM)	46.24	25.06
P/S Ratio (TTM)	1.02	4.80
P/B Ratio (MRQ)	1.84	25.42
Free Cash Flow Yield (TTM)	3.03%	2.89%