Illinois Tool Works (ITW) Revenue & Revenue Breakdown
Illinois Tool Works Revenue Highlights
Latest Revenue (Y)
$16.11B
Latest Revenue (Q)
$4.03B
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 |
|---|---|---|
| 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 $16.11B 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
| Date | Revenue | Change |
|---|---|---|
| 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 $4.03B in revenue during Q2 2024, up 1.36% compared to the previous quarter, and up 100.20% 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 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Test and Measurement and Electronics Segment | $2.83B | $2.83B | $2.35B | $1.96B | $2.12B |
| Welding Segment | $1.90B | $1.89B | $1.65B | $1.38B | $1.64B |
| Specialty Products Segment | $1.70B | $1.80B | $1.85B | $1.66B | $1.82B |
| Polymers and Fluids Segment | $1.80B | - | - | - | - |
| Food Equipment Segment | $2.62B | $2.44B | $2.08B | $1.74B | $2.19B |
| Construction Products Segment | $2.03B | $2.11B | $1.95B | $1.65B | $1.63B |
| Automotive OEM Segment | $3.23B | $2.97B | $2.80B | $2.57B | $3.06B |
| Polymers and Fluids | - | $1.91B | $1.80B | $1.62B | $1.67B |
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/Service | 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 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Construction Products Segment | $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 | $416.00M | $424.00M | $401.00M | $431.00M | $444.00M |
| Automotive OEM Segment | $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 | $744.00M | $788.00M | $806.00M | $781.00M | $879.00M |
| Welding Segment | $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 | $402.00M | $422.00M | $427.00M | $414.00M | $440.00M |
| Test and Measurement and Electronics Segment | $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 | $512.00M | $533.00M | $524.00M | $536.00M | $554.00M |
| Specialty Products Segment | $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 | $441.00M | $473.00M | $465.00M | $475.00M | $522.00M |
| Polymers and Fluids Segment | $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 | $418.00M | $427.00M | $416.00M | $415.00M | $445.00M |
| Food Equipment Segment | $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 | $551.00M | $548.00M | $518.00M | $567.00M | $553.00M |
Illinois Tool Works's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Automotive OEM Segment (20.21%), Test and Measurement and Electronics Segment (16.81%), Food Equipment Segment (16.54%), Construction Products Segment (12.50%), Welding Segment (11.55%), Polymers and Fluids Segment (11.26%), and Specialty Products Segment (11.13%).
Illinois Tool Works Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $7.58B | $7.61B | $6.58B | $5.83B | $6.51B |
| Asia Pacific | $2.94B | $2.99B | $2.80B | $2.29B | $2.40B |
| Canada And Mexico | $1.15B | $1.09B | $940.00M | $778.00M | $972.00M |
| EMEA | $4.15B | $3.91B | $3.87B | $3.45B | $3.92B |
| North America | $8.72B | $8.70B | $7.52B | $6.61B | $7.48B |
| South America | $303.00M | $324.00M | $265.00M | $224.00M | $310.00M |
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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CMI | Cummins | $34.06B | $15.40B |
| ETN | Eaton | $23.20B | $6.35B |
| PH | Parker-Hannifin | $19.93B | $5.07B |
| ITW | Illinois Tool Works | $16.11B | $4.03B |
| EMR | Emerson Electric | $15.16B | $4.38B |
| ROK | Rockwell Automation | $9.06B | $2.13B |
| DOV | Dover | $8.44B | $2.18B |
| XYL | Xylem | $7.36B | - |
| IR | Ingersoll Rand | $6.88B | $1.81B |
| PNR | Pentair | $4.10B | $1.10B |
| AOS | A. O. Smith | $3.85B | $1.02B |
| FELE | Franklin Electric | $2.07B | $543.26M |
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 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). The company'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). ITW's quarterly revenue for Q4 2023 was $3.98B, a -1.19% decrease from the previous quarter (Q3 2023), and a 0.30% increase year-over-year (Q4 2022).
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 Test and Measurement and Electronics Segment, Welding Segment, Specialty Products Segment, Polymers and Fluids Segment, Food Equipment Segment, Construction Products Segment, and Automotive OEM Segment. 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. Welding Segment generated $1.9B in revenue, accounting 11.80% of the company's total revenue, up 0.42% 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.