Illinois Tool Works (ITW) Revenue & Revenue Breakdown

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Illinois Tool Works Revenue Highlights

Latest Revenue (Y)

$16.04B

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
2025-12-31	$16.04B	0.92%
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 $16.04B in revenue during NA 2025, up 0.92% compared to the previous quarter, and up 127.60% 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 25	Dec 24	Dec 23	Dec 22	Dec 21
Construction Products Segment	$1.82B	$1.91B	$2.03B	$2.11B	$1.95B
Polymers and Fluids Segment	$1.76B	$1.76B	$1.80B	-	-
Welding Segment	$1.89B	$1.85B	$1.90B	$1.89B	$1.65B
Test and Measurement and Electronics Segment	$2.83B	$2.82B	$2.83B	$2.83B	$2.35B
Specialty Products Segment	$1.77B	$1.74B	$1.70B	$1.80B	$1.85B
Food Equipment Segment	$2.70B	$2.65B	$2.62B	$2.44B	$2.08B
Automotive OEM Segment	$3.29B	$3.19B	$3.23B	$2.97B	$2.80B
Polymers and Fluids	-	-	-	$1.91B	$1.80B

Illinois Tool Works's latest annual revenue breakdown by segment (product or service), as of Dec 25: Automotive OEM Segment (20.47%), Test and Measurement and Electronics Segment (17.59%), Food Equipment Segment (16.80%), Welding Segment (11.77%), Construction Products Segment (11.33%), Specialty Products Segment (11.05%), and Polymers and Fluids Segment (10.99%).

Quarterly Revenue by Product

Product/Service	Dec 25	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
Food Equipment Segment	$698.00M	$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
Construction Products Segment	$431.00M	$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
Polymers and Fluids Segment	$457.00M	$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
Automotive OEM Segment	$827.00M	$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
Test and Measurement and Electronics Segment	$789.00M	$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
Welding Segment	$462.00M	$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
Specialty Products Segment	$433.00M	$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

Illinois Tool Works's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Automotive OEM Segment (20.19%), Test and Measurement and Electronics Segment (19.26%), Food Equipment Segment (17.04%), Welding Segment (11.28%), Polymers and Fluids Segment (11.15%), Specialty Products Segment (10.57%), and Construction Products Segment (10.52%).

Illinois Tool Works Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
UNITED STATES	$7.39B	$7.37B	$7.58B	$7.61B	$6.58B
South America	$323.00M	$306.00M	$303.00M	$324.00M	$265.00M
North America	$8.48B	$8.53B	$8.72B	$8.70B	$7.52B
Europe	$4.16B	$4.10B	$4.15B	-	-
Other North America	$1.08B	$1.16B	$1.15B	-	-
Asia Pacific	$3.08B	$2.96B	$2.94B	$2.99B	$2.80B
Canada And Mexico	-	-	$1.15B	$1.09B	$940.00M
EMEA	-	-	$4.15B	$3.91B	$3.87B

Illinois Tool Works's latest annual revenue breakdown by geography, as of Dec 25: North America (34.58%), UNITED STATES (30.15%), Europe (16.97%), Asia Pacific (12.56%), Other North America (4.42%), and South America (1.32%).

Illinois Tool Works Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CMI	Cummins	$33.67B	$8.32B
JCI	Johnson Controls	$23.60B	$5.80B
EMR	Emerson Electric	$18.02B	$4.35B
ITW	Illinois Tool Works	$16.04B	$4.06B
CP	Canadian Pacific Kansas City	$15.08B	$3.66B
CSX	CSX	$14.09B	$4.46B
TDG	TransDigm Group	$8.83B	$2.29B
HWM	Howmet Aerospace	$8.25B	$2.09B
ROP	Roper	$7.90B	$2.02B
AME	AMETEK	$7.40B	$1.89B
TRI	Thomson Reuters	$6.92B	$1.88B

ITW Revenue FAQ

What is Illinois Tool Works’s yearly revenue?

Illinois Tool Works's yearly revenue for 2025 was $16.04B, representing an increase of 0.92% compared to 2024. The company's yearly revenue for 2024 was $15.9B, representing a decrease of -1.30% compared to 2023. ITW's yearly revenue for 2023 was $16.11B, representing an increase of 1.10% compared to 2022.

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 (2023-2025) was -0.39%, and for the last 5 years (2021-2025) was 10.99%.

What are Illinois Tool Works’s revenue streams?

Illinois Tool Works's revenue streams in c 25 are Construction Products Segment, Polymers and Fluids Segment, Welding Segment, Test and Measurement and Electronics Segment, Specialty Products Segment, Food Equipment Segment, and Automotive OEM Segment. Construction Products Segment generated $1.82B in revenue, accounting 11.33% of the company's total revenue, down -4.66% year-over-year. Polymers and Fluids Segment generated $1.76B in revenue, accounting 10.99% of the company's total revenue, up 0.06% year-over-year. Welding Segment generated $1.89B in revenue, accounting 11.77% of the company's total revenue, up 2.11% year-over-year. Test and Measurement and Electronics Segment generated $2.82B in revenue, accounting 17.59% of the company's total revenue, up 0.25% year-over-year. Specialty Products Segment generated $1.78B in revenue, accounting 11.05% of the company's total revenue, up 1.84% year-over-year. Food Equipment Segment generated $2.7B in revenue, accounting 16.80% of the company's total revenue, up 1.96% year-over-year. Automotive OEM Segment generated $3.29B in revenue, accounting 20.47% of the company's total revenue, up 3.14% year-over-year.

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

For the fiscal year ending Dec 25, the largest source of revenue of Illinois Tool Works was Automotive OEM Segment. This segment made a revenue of $3.29B, representing 20.47% of the company's total revenue.