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Illinois Tool Works (ITW) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Illinois Tool Works Revenue Highlights

Latest Revenue (Y)

$16.11B

Latest Revenue (Q)

$3.97B

Main Segment (Y)

Automotive OEM Segment

Main Geography (Y)

North America

Illinois Tool Works Revenue by Period

Illinois Tool Works Revenue by Year

DateRevenueChange
2023-12-31-1.10%
2022-12-31-10.22%
2021-12-31-14.96%
2020-12-31--10.88%
2019-12-31--4.46%
2018-12-31-3.17%
2017-12-31-5.26%
2016-12-31-1.45%
2015-12-31--7.45%
2014-12-31-2.47%
2013-12-31--21.14%
2012-12-31-0.77%
2011-12-31-12.07%
2010-12-31-14.36%
2009-12-31--12.55%
2008-12-31--1.86%
2007-12-31-15.05%
2006-12-31-8.77%
2005-12-31-10.15%
2004-12-31-16.90%
2003-12-31-6.00%
2002-12-31-1.88%
2001-12-31--6.92%
2000-12-31-6.97%
1999-12-31-65.25%
1998-12-31-8.19%
1997-12-31-4.48%
1996-12-31-20.34%
1995-12-31-19.96%
1994-12-31-9.56%
1993-12-31--

Illinois Tool Works generated $16.11B in revenue during NA 2023, up 1.10% compared to the previous quarter, and up 109.07% compared to the same period a year ago.

Illinois Tool Works Revenue by Quarter

DateRevenueChange
2024-09-30--1.51%
2024-06-30-1.36%
2024-03-31--0.25%
2023-12-31--1.19%
2023-09-30--1.06%
2023-06-30-1.37%
2023-03-31-1.21%
2022-12-31--1.00%
2022-09-30--
2022-06-30-1.83%
2022-03-31-7.07%
2021-12-31-3.46%
2021-09-30--3.26%
2021-06-30-3.72%
2021-03-31-1.99%
2020-12-31-5.08%
2020-09-30-28.98%
2020-06-30--20.57%
2020-03-31--6.95%
2019-12-31--0.29%
2019-09-30--3.60%
2019-06-30-1.60%
2019-03-31--0.78%
2018-12-31--0.91%
2018-09-30--5.69%
2018-06-30-2.32%
2018-03-30-3.17%
2017-12-31-0.39%
2017-09-30-0.44%
2017-06-30-3.69%
2017-03-31-2.12%
2016-12-31--2.75%
2016-09-30-1.87%
2016-06-30-4.80%
2016-03-31--0.03%
2015-12-31--2.36%
2015-09-30--2.33%
2015-06-30-2.75%
2015-03-31--4.62%
2014-12-31--5.09%
2014-09-30--0.73%
2014-06-30-4.20%
2014-03-31-0.42%
2013-12-31--0.39%
2013-09-30--15.43%
2013-06-30-5.24%
2013-03-31--5.02%
2012-12-31--6.22%
2012-09-30--3.31%
2012-06-30-2.38%
2012-03-31-5.27%
2011-12-31--5.70%
2011-09-30--0.75%
2011-06-30-5.18%
2011-03-31-5.24%
2010-12-31-3.75%
2010-09-30--1.42%
2010-06-30-13.03%
2010-03-31--4.02%
2009-12-31-4.95%
2009-09-30-5.52%
2009-06-30-16.42%
2009-03-31--20.77%
2008-12-31--11.32%
2008-09-30--9.25%
2008-06-30-10.41%
2008-03-31--

Illinois Tool Works generated $3.97B in revenue during Q3 2024, up -1.51% compared to the previous quarter, and up 97.35% 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/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Welding Segment-----
Test and Measurement and Electronics Segment-----
Specialty Products Segment-----
Polymers and Fluids Segment-----
Food Equipment Segment-----
Construction Products Segment-----
Automotive OEM Segment-----
Polymers and Fluids-----

Illinois Tool Works's latest annual revenue breakdown by segment (product or service), as of Dec 23: Automotive OEM Segment (20.06%), Test and Measurement and Electronics Segment (17.56%), Food Equipment Segment (16.26%), Construction Products Segment (12.61%), Welding Segment (11.80%), Polymers and Fluids Segment (11.19%), and Specialty Products Segment (10.52%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Sep 20Jun 20Mar 20Sep 19Jun 19Mar 19Sep 18
Specialty Products Segment--------------------
Automotive OEM Segment--------------------
Welding Segment--------------------
Test and Measurement and Electronics Segment--------------------
Polymers and Fluids Segment--------------------
Food Equipment Segment--------------------
Construction Products Segment--------------------

Illinois Tool Works's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Automotive OEM Segment (19.43%), Test and Measurement and Electronics Segment (17.54%), Food Equipment Segment (17.04%), Construction Products Segment (12.06%), Welding Segment (11.63%), Polymers and Fluids Segment (11.28%), and Specialty Products Segment (11.02%).

Illinois Tool Works Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
South America-----
UNITED STATES-----
Asia Pacific-----
Canada And Mexico-----
EMEA-----
North America-----

Illinois Tool Works's latest annual revenue breakdown by geography, as of Dec 23: North America (35.13%), UNITED STATES (30.51%), EMEA (16.70%), Asia Pacific (11.82%), Canada And Mexico (4.62%), and South America (1.22%).

Illinois Tool Works Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CMICummins--
ETNEaton--
PHParker-Hannifin--
EMREmerson Electric--
ITWIllinois Tool Works--
DOVDover--
XYLXylem--
IRIngersoll Rand--
PNRPentair--
AOSA. O. Smith--
ROKRockwell Automation--
FELEFranklin Electric--

ITW Revenue FAQ

What is Illinois Tool Works’s yearly revenue?

Illinois Tool Works's yearly revenue for 2023 was $16.11B, representing an increase of 1.10% compared to 2022. The company's yearly revenue for 2022 was $15.93B, representing an increase of 10.22% compared to 2021. ITW's yearly revenue for 2021 was $14.46B, representing an increase of 14.96% compared to 2020.

What is Illinois Tool Works’s quarterly revenue?

Illinois Tool Works's quarterly revenue for Q3 2024 was $3.97B, a -1.51% decrease from the previous quarter (Q2 2024), and a -1.61% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $4.03B, a 1.36% increase from the previous quarter (Q1 2024), and a -1.15% decrease year-over-year (Q2 2023). ITW's quarterly revenue for Q1 2024 was $3.97B, a -0.25% decrease from the previous quarter (Q4 2023), and a -1.14% decrease year-over-year (Q1 2023).

What is Illinois Tool Works’s revenue growth rate?

Illinois Tool Works's revenue growth rate for the last 3 years (2021-2023) was 11.43%, and for the last 5 years (2019-2023) was 14.16%.

What are Illinois Tool Works’s revenue streams?

Illinois Tool Works's revenue streams in c 23 are Welding Segment, Test and Measurement and Electronics Segment, Specialty Products Segment, Polymers and Fluids Segment, Food Equipment Segment, Construction Products Segment, and Automotive OEM Segment. Welding Segment generated $1.9B in revenue, accounting 11.80% of the company's total revenue, up 0.42% year-over-year. Test and Measurement and Electronics Segment generated $2.83B in revenue, accounting 17.56% of the company's total revenue, up 0.14% year-over-year. Specialty Products Segment generated $1.7B in revenue, accounting 10.52% of the company's total revenue, down -5.67% year-over-year. Polymers and Fluids Segment generated $1.8B in revenue, accounting 11.19% of the company's total revenue Food Equipment Segment generated $2.62B in revenue, accounting 16.26% of the company's total revenue, up 7.28% year-over-year. Construction Products Segment generated $2.03B in revenue, accounting 12.61% of the company's total revenue, down -3.79% year-over-year. Automotive OEM Segment generated $3.24B in revenue, accounting 20.06% of the company's total revenue, up 8.96% year-over-year.

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

For the fiscal year ending Dec 23, the largest source of revenue of Illinois Tool Works was Automotive OEM Segment. This segment made a revenue of $3.24B, representing 20.06% of the company's total revenue.