diff --git a/docs/en/api-guides/tools/idf-tools.rst b/docs/en/api-guides/tools/idf-tools.rst
index 291314ce34..c058304b2e 100644
--- a/docs/en/api-guides/tools/idf-tools.rst
+++ b/docs/en/api-guides/tools/idf-tools.rst
@@ -107,6 +107,10 @@ Any mirror server can be used provided the URL matches the ``github.com`` downlo
 
 * ``list``: Lists the known versions of the tools, and indicates which ones are installed.
 
+  Following options are available to customize the output.
+
+  - ``--outdated``: List only outdated versions of tools installed in ``IDF_TOOLS_PATH``.
+
 * ``check``: For each tool, checks whether the tool is available in the system path and in ``IDF_TOOLS_PATH``.
 
 * ``install-python-env``: Create a Python virtual environment in the ``${IDF_TOOLS_PATH}/python_env`` directory and install there the required Python packages. An optional ``--features`` argument allows one to specify a comma-separated list of features to be added or removed. Feature that begins with ``-`` will be removed and features with ``+`` or without any sign will be added. Example syntax for removing feature ``XY`` is ``--features=-XY`` and for adding ``--features=+XY`` or ``--features=XY``. If both removing and adding options are provided with the same feature, no operation is performed. For each feature a requirements file must exist. For example, feature ``XY`` is a valid feature if ``${IDF_PATH}/tools/requirements/requirements.XY.txt`` is an existing file with a list of Python packages to be installed. There is one mandatory ``core`` feature ensuring core functionality of ESP-IDF (build, flash, monitor, debug in console). There can be an arbitrary number of optional features. The selected list of features is stored in ``idf-env.json``. The requirement files contain a list of the desired Python packages to be installed and ``espidf.constraints.*.txt`` downloaded from https://dl.espressif.com and stored in ``${IDF_TOOLS_PATH}`` the package version requirements for a given ESP-IDF version. Althought it is not recommended, the download and use of constraint files can be disabled with the ``--no-constraints`` argument or setting the ``IDF_PYTHON_CHECK_CONSTRAINTS`` environment variable to ``no``.
diff --git a/tools/idf_tools.py b/tools/idf_tools.py
index 28b9f34a5e..a68eb4fa02 100755
--- a/tools/idf_tools.py
+++ b/tools/idf_tools.py
@@ -759,6 +759,31 @@ class IDFTool(object):
                 else:
                     self.versions_installed.append(version)
 
+    def latest_installed_version(self):  # type: () -> Optional[str]
+        """
+        Get the latest installed tool version by directly checking the
+        tool's version directories.
+        """
+        tool_path = self.get_path()
+        if not os.path.exists(tool_path):
+            return None
+        dentries = os.listdir(tool_path)
+        dirs = [d for d in dentries if os.path.isdir(os.path.join(tool_path, d))]
+        for version in sorted(dirs, reverse=True):
+            # get_path_for_version() has assert to check if version is in versions
+            # dict, so get_export_paths() cannot be used. Let's just create the
+            # export paths list directly here.
+            paths = [os.path.join(tool_path, version, *p) for p in self._current_options.export_paths]
+            try:
+                ver_str = self.get_version(paths)
+            except (ToolNotFound, ToolExecError):
+                continue
+            if ver_str != version:
+                continue
+            return version
+
+        return None
+
     def download(self, version):  # type: (str) -> None
         assert version in self.versions
         download_obj = self.versions[version].get_download_for_platform(self._platform)
@@ -1495,7 +1520,7 @@ def active_repo_id() -> str:
     return global_idf_path + '-v' + get_idf_version()
 
 
-def action_list(args):  # type: ignore
+def list_default(args):  # type: ignore
     tools_info = load_tools_info()
     for name, tool in tools_info.items():
         if tool.get_install_type() == IDFTool.INSTALL_NEVER:
@@ -1514,6 +1539,29 @@ def action_list(args):  # type: ignore
                                         ', installed' if version in tool.versions_installed else ''))
 
 
+def list_outdated(args):  # type: ignore
+    tools_info = load_tools_info()
+    for name, tool in tools_info.items():
+        if tool.get_install_type() == IDFTool.INSTALL_NEVER:
+            continue
+        versions_for_platform = {k: v for k, v in tool.versions.items() if v.compatible_with_platform()}
+        if not versions_for_platform:
+            continue
+        version_installed = tool.latest_installed_version()
+        if not version_installed:
+            continue
+        version_available = sorted(versions_for_platform.keys(), key=tool.versions.get, reverse=True)[0]
+        if version_installed < version_available:
+            info(f'{name}: version {version_installed} is outdated by {version_available}')
+
+
+def action_list(args):  # type: ignore
+    if args.outdated:
+        list_outdated(args)
+    else:
+        list_default(args)
+
+
 def action_check(args):  # type: ignore
     tools_info = load_tools_info()
     tools_info = filter_tools_info(IDFEnv.get_idf_env(), tools_info)
@@ -2447,7 +2495,8 @@ def main(argv):  # type: (list[str]) -> None
     parser.add_argument('--idf-path', help='ESP-IDF path to use')
 
     subparsers = parser.add_subparsers(dest='action')
-    subparsers.add_parser('list', help='List tools and versions available')
+    list_parser = subparsers.add_parser('list', help='List tools and versions available')
+    list_parser.add_argument('--outdated', help='Print only outdated installed tools', action='store_true')
     subparsers.add_parser('check', help='Print summary of tools installed or found in PATH')
     export = subparsers.add_parser('export', help='Output command for setting tool paths, suitable for shell')
     export.add_argument('--format', choices=[EXPORT_SHELL, EXPORT_KEY_VALUE], default=EXPORT_SHELL,
diff --git a/tools/test_idf_tools/test_idf_tools.py b/tools/test_idf_tools/test_idf_tools.py
index 77260938cd..24219f4a10 100755
--- a/tools/test_idf_tools/test_idf_tools.py
+++ b/tools/test_idf_tools/test_idf_tools.py
@@ -190,6 +190,37 @@ class TestUsage(unittest.TestCase):
         self.assertIn('%s/tools/esp-rom-elfs/%s/' %
                       (self.temp_tools_dir, ESP_ROM_ELFS_VERSION), output)
 
+        output = self.run_idf_tools_with_action(['list', '--outdated'])
+        self.assertEqual('', output)
+
+        tools_json_outdated = os.path.join(self.temp_tools_dir, 'tools', 'tools.outdated.json')
+        new_version = 'zzzzzz'
+        self.run_idf_tools_with_action(
+            [
+                'add-version',
+                '--tool',
+                XTENSA_ESP32_ELF,
+                '--url-prefix',
+                'http://test.com',
+                '--version',
+                new_version,
+                '--override',
+                '--checksum-file',
+                'add_version/checksum.sha256',
+                '--output',
+                tools_json_outdated
+            ])
+
+        output = self.run_idf_tools_with_action(
+            [
+                '--tools-json',
+                tools_json_outdated,
+                'list',
+                '--outdated'
+            ])
+        self.assertIn((f'{XTENSA_ESP32_ELF}: version {XTENSA_ESP32_ELF_VERSION} '
+                       f'is outdated by {new_version}'), output)
+
     def test_tools_for_esp32(self):
         required_tools_installed = 5
         output = self.run_idf_tools_with_action(['install', '--targets=esp32'])