Illinois Tool Works (ITW) Revenue & Revenue Breakdown

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Illinois Tool Works Revenue Highlights

Latest Revenue (Y)

$15.90B

Latest Revenue (Q)

$4.06B

Main Segment (Y)

Automotive OEM Segment

Main Geography (Y)

North America

Illinois Tool Works Revenue by Period

Illinois Tool Works Revenue by Year

Date	Revenue	Change
2024-12-31	$15.90B	-1.30%
2023-12-31	$16.11B	1.10%
2022-12-31	$15.93B	10.22%
2021-12-31	$14.46B	14.96%
2020-12-31	$12.57B	-10.88%
2019-12-31	$14.11B	-4.46%
2018-12-31	$14.77B	3.17%
2017-12-31	$14.31B	5.26%
2016-12-31	$13.60B	1.45%
2015-12-31	$13.40B	-7.45%
2014-12-31	$14.48B	2.47%
2013-12-31	$14.13B	-21.14%
2012-12-31	$17.92B	0.77%
2011-12-31	$17.79B	12.07%
2010-12-31	$15.87B	14.36%
2009-12-31	$13.88B	-12.55%
2008-12-31	$15.87B	-1.86%
2007-12-31	$16.17B	15.05%
2006-12-31	$14.06B	8.77%
2005-12-31	$12.92B	10.15%
2004-12-31	$11.73B	16.90%
2003-12-31	$10.04B	6.00%
2002-12-31	$9.47B	1.88%
2001-12-31	$9.29B	-6.92%
2000-12-31	$9.98B	6.97%
1999-12-31	$9.33B	65.25%
1998-12-31	$5.65B	8.19%
1997-12-31	$5.22B	4.48%
1996-12-31	$5.00B	20.34%
1995-12-31	$4.15B	19.96%
1994-12-31	$3.46B	9.56%
1993-12-31	$3.16B	-

Illinois Tool Works generated $15.90B in revenue during NA 2024, up -1.30% compared to the previous quarter, and up 112.68% compared to the same period a year ago.

Illinois Tool Works Revenue by Quarter

Date	Revenue	Change
2025-09-30	$4.06B	0.15%
2025-06-30	$4.05B	5.57%
2025-03-31	$3.84B	-2.37%
2024-12-31	$3.93B	-0.86%
2024-09-30	$3.97B	-1.51%
2024-06-30	$4.03B	1.36%
2024-03-31	$3.97B	-0.25%
2023-12-31	$3.98B	-1.19%
2023-09-30	$4.03B	-1.06%
2023-06-30	$4.07B	1.37%
2023-03-31	$4.02B	1.21%
2022-12-31	$3.97B	-1.00%
2022-09-30	$4.01B	-
2022-06-30	$4.01B	1.83%
2022-03-31	$3.94B	7.07%
2021-12-31	$3.68B	3.46%
2021-09-30	$3.56B	-3.26%
2021-06-30	$3.68B	3.72%
2021-03-31	$3.54B	1.99%
2020-12-31	$3.48B	5.08%
2020-09-30	$3.31B	28.98%
2020-06-30	$2.56B	-20.57%
2020-03-31	$3.23B	-6.95%
2019-12-31	$3.47B	-0.29%
2019-09-30	$3.48B	-3.60%
2019-06-30	$3.61B	1.60%
2019-03-31	$3.55B	-0.78%
2018-12-31	$3.58B	-0.91%
2018-09-30	$3.61B	-5.69%
2018-06-30	$3.83B	2.32%
2018-03-30	$3.74B	3.17%
2017-12-31	$3.63B	0.39%
2017-09-30	$3.62B	0.44%
2017-06-30	$3.60B	3.69%
2017-03-31	$3.47B	2.12%
2016-12-31	$3.40B	-2.75%
2016-09-30	$3.50B	1.87%
2016-06-30	$3.43B	4.80%
2016-03-31	$3.27B	-0.03%
2015-12-31	$3.27B	-2.36%
2015-09-30	$3.35B	-2.33%
2015-06-30	$3.43B	2.75%
2015-03-31	$3.34B	-4.62%
2014-12-31	$3.50B	-5.09%
2014-09-30	$3.69B	-0.73%
2014-06-30	$3.72B	4.20%
2014-03-31	$3.57B	0.42%
2013-12-31	$3.55B	-0.39%
2013-09-30	$3.57B	-15.43%
2013-06-30	$4.22B	5.24%
2013-03-31	$4.01B	-5.02%
2012-12-31	$4.22B	-6.22%
2012-09-30	$4.50B	-3.31%
2012-06-30	$4.66B	2.38%
2012-03-31	$4.55B	5.27%
2011-12-31	$4.32B	-5.70%
2011-09-30	$4.58B	-0.75%
2011-06-30	$4.61B	5.18%
2011-03-31	$4.39B	5.24%
2010-12-31	$4.17B	3.75%
2010-09-30	$4.02B	-1.42%
2010-06-30	$4.08B	13.03%
2010-03-31	$3.61B	-4.02%
2009-12-31	$3.76B	4.95%
2009-09-30	$3.58B	5.52%
2009-06-30	$3.39B	16.42%
2009-03-31	$2.91B	-20.77%
2008-12-31	$3.68B	-11.32%
2008-09-30	$4.15B	-9.25%
2008-06-30	$4.57B	10.41%
2008-03-31	$4.14B	-

Illinois Tool Works generated $4.06B in revenue during Q3 2025, up 0.15% compared to the previous quarter, and up 100.79% compared to the same period a year ago.

Illinois Tool Works Revenue Breakdown

Illinois Tool Works Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Food Equipment Segment	$2.65B	$2.62B	$2.44B	$2.08B	$1.74B
Specialty Products Segment	$1.74B	$1.70B	$1.80B	$1.85B	$1.66B
Test and Measurement and Electronics Segment	$2.82B	$2.83B	$2.83B	$2.35B	$1.96B
Welding Segment	$1.85B	$1.90B	$1.89B	$1.65B	$1.38B
Automotive OEM Segment	$3.19B	$3.23B	$2.97B	$2.80B	$2.57B
Polymers and Fluids Segment	$1.76B	$1.80B	-	-	-
Construction Products Segment	$1.91B	$2.03B	$2.11B	$1.95B	$1.65B
Polymers and Fluids	-	-	$1.91B	$1.80B	$1.62B

Illinois Tool Works's latest annual revenue breakdown by segment (product or service), as of Dec 24: Automotive OEM Segment (20.03%), Test and Measurement and Electronics Segment (17.70%), Food Equipment Segment (16.63%), Construction Products Segment (11.99%), Welding Segment (11.63%), Polymers and Fluids Segment (11.08%), and Specialty Products Segment (10.95%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Sep 22	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20
Food Equipment Segment	$694.00M	$680.00M	$627.00M	$672.00M	$677.00M	$667.00M	$631.00M	$655.00M	$678.00M	$654.00M	$635.00M	$633.00M	$614.00M	$566.00M	$544.00M	$514.00M	$451.00M	$449.00M	$336.00M	$483.00M
Specialty Products Segment	$452.00M	$455.00M	$435.00M	$416.00M	$438.00M	$449.00M	$440.00M	$437.00M	$414.00M	$423.00M	$423.00M	$438.00M	$447.00M	$452.00M	$459.00M	$471.00M	$457.00M	$420.00M	$387.00M	$414.00M
Test and Measurement and Electronics Segment	$698.00M	$686.00M	$652.00M	$747.00M	$697.00M	$678.00M	$696.00M	$731.00M	$698.00M	$700.00M	$703.00M	$715.00M	$696.00M	$685.00M	$552.00M	$606.00M	$552.00M	$489.00M	$455.00M	$485.00M
Welding Segment	$477.00M	$479.00M	$472.00M	$447.00M	$462.00M	$466.00M	$476.00M	$451.00M	$468.00M	$490.00M	$493.00M	$477.00M	$486.00M	$450.00M	$425.00M	$402.00M	$401.00M	$346.00M	$298.00M	$372.00M
Polymers and Fluids Segment	$441.00M	$438.00M	$429.00M	$430.00M	$448.00M	$454.00M	$432.00M	$440.00M	$458.00M	$459.00M	$447.00M	$473.00M	$496.00M	$481.00M	$456.00M	$466.00M	$435.00M	$438.00M	$354.00M	$393.00M
Automotive OEM Segment	$830.00M	$845.00M	$786.00M	$785.00M	$772.00M	$815.00M	$816.00M	$814.00M	$799.00M	$826.00M	$796.00M	$753.00M	$711.00M	$760.00M	$647.00M	$707.00M	$783.00M	$714.00M	$361.00M	$696.00M
Construction Products Segment	$473.00M	$473.00M	$443.00M	$438.00M	$479.00M	$504.00M	$488.00M	$459.00M	$522.00M	$526.00M	$526.00M	$527.00M	$565.00M	$551.00M	$478.00M	$518.00M	$469.00M	$456.00M	$376.00M	$390.00M

Illinois Tool Works's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Automotive OEM Segment (20.42%), Test and Measurement and Electronics Segment (17.17%), Food Equipment Segment (17.07%), Welding Segment (11.73%), Construction Products Segment (11.64%), Specialty Products Segment (11.12%), and Polymers and Fluids Segment (10.85%).

Illinois Tool Works Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Other North America	$1.16B	$1.15B	-	-	-
Europe	$4.10B	$4.15B	-	-	-
North America	$8.53B	$8.72B	$8.70B	$7.52B	$6.61B
South America	$306.00M	$303.00M	$324.00M	$265.00M	$224.00M
UNITED STATES	$7.37B	$7.58B	$7.61B	$6.58B	$5.83B
Asia Pacific	$2.96B	$2.94B	$2.99B	$2.80B	$2.29B
Canada And Mexico	-	$1.15B	$1.09B	$940.00M	$778.00M
EMEA	-	$4.15B	$3.91B	$3.87B	$3.45B

Illinois Tool Works's latest annual revenue breakdown by geography, as of Dec 24: North America (34.92%), UNITED STATES (30.19%), Europe (16.79%), Asia Pacific (12.12%), Other North America (4.73%), and South America (1.25%).

Illinois Tool Works Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
UPS	United Parcel Service	$91.07B	$21.22B
CMI	Cummins	$34.10B	$8.64B
PH	Parker-Hannifin	$19.85B	$4.96B
EMR	Emerson Electric	$17.49B	$4.55B
ITW	Illinois Tool Works	$15.90B	$4.06B
URI	United Rentals	$15.35B	$4.23B
CP	Canadian Pacific Kansas City	$14.55B	$3.70B
JCI	Johnson Controls	$8.08B	-
ROP	Roper	$7.04B	$1.94B
CSX	CSX	-	$4.46B
HWM	Howmet Aerospace	-	$2.05B

ITW Revenue FAQ

What is Illinois Tool Works’s yearly revenue?

Illinois Tool Works's yearly revenue for 2024 was $15.9B, representing a decrease of -1.30% compared to 2023. The company's yearly revenue for 2023 was $16.11B, representing an increase of 1.10% compared to 2022. ITW's yearly revenue for 2022 was $15.93B, representing an increase of 10.22% compared to 2021.

What is Illinois Tool Works’s quarterly revenue?

Illinois Tool Works's quarterly revenue for Q3 2025 was $4.06B, a 0.15% increase from the previous quarter (Q2 2025), and a 2.34% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $4.05B, a 5.57% increase from the previous quarter (Q1 2025), and a 0.65% increase year-over-year (Q2 2024). ITW's quarterly revenue for Q1 2025 was $3.84B, a -2.37% decrease from the previous quarter (Q4 2024), and a -3.37% decrease year-over-year (Q1 2024).

What is Illinois Tool Works’s revenue growth rate?

Illinois Tool Works's revenue growth rate for the last 3 years (2022-2024) was -0.21%, and for the last 5 years (2020-2024) was 26.44%.

What are Illinois Tool Works’s revenue streams?

Illinois Tool Works's revenue streams in c 24 are Food Equipment Segment, Specialty Products Segment, Test and Measurement and Electronics Segment, Welding Segment, Automotive OEM Segment, Polymers and Fluids Segment, and Construction Products Segment. Food Equipment Segment generated $2.65B in revenue, accounting 16.63% of the company's total revenue, up 0.95% year-over-year. Specialty Products Segment generated $1.74B in revenue, accounting 10.95% of the company's total revenue, up 2.71% year-over-year. Test and Measurement and Electronics Segment generated $2.82B in revenue, accounting 17.70% of the company's total revenue, down -0.49% year-over-year. Welding Segment generated $1.85B in revenue, accounting 11.63% of the company's total revenue, down -2.68% year-over-year. Automotive OEM Segment generated $3.19B in revenue, accounting 20.03% of the company's total revenue, down -1.45% year-over-year. Polymers and Fluids Segment generated $1.76B in revenue, accounting 11.08% of the company's total revenue, down -2.22% year-over-year. Construction Products Segment generated $1.91B in revenue, accounting 11.99% of the company's total revenue, down -6.10% year-over-year.

What is Illinois Tool Works’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Illinois Tool Works was Automotive OEM Segment. This segment made a revenue of $3.19B, representing 20.03% of the company's total revenue.