Illinois Tool Works (ITW) Revenue & Revenue Breakdown

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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

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
2024-09-30	$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 $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/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Welding Segment	$1.90B	$1.89B	$1.65B	$1.38B	$1.64B
Food Equipment Segment	$2.62B	$2.44B	$2.08B	$1.74B	$2.19B
Polymers and Fluids Segment	$1.80B	-	-	-	-
Specialty Products Segment	$1.70B	$1.80B	$1.85B	$1.66B	$1.82B
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
Test and Measurement and Electronics Segment	$2.83B	$2.83B	$2.35B	$1.96B	$2.12B
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	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	Sep 19	Jun 19	Mar 19	Sep 18
Welding Segment	$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	$402.00M	$422.00M	$427.00M	$414.00M
Test and Measurement and Electronics Segment	$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	$512.00M	$533.00M	$524.00M	$536.00M
Specialty Products Segment	$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	$441.00M	$473.00M	$465.00M	$475.00M
Polymers and Fluids Segment	$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	$418.00M	$427.00M	$416.00M	$415.00M
Construction Products Segment	$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	$416.00M	$424.00M	$401.00M	$431.00M
Food Equipment Segment	$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	$551.00M	$548.00M	$518.00M	$567.00M
Automotive OEM Segment	$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	$744.00M	$788.00M	$806.00M	$781.00M

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

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Europe	$4.15B	-	-	-	-
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
Other North America	$1.15B	-	-	-	-
UNITED STATES	$7.58B	$7.61B	$6.58B	$5.83B	$6.51B
Asia Pacific	$2.94B	$2.99B	$2.80B	$2.29B	$2.40B

Illinois Tool Works's latest annual revenue breakdown by geography, as of Dec 23: North America (28.96%), UNITED STATES (25.15%), Europe (13.77%), EMEA (13.77%), Asia Pacific (9.74%), Canada And Mexico (3.80%), Other North America (3.80%), and South America (1.01%).

Illinois Tool Works Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CMI	Cummins	$34.06B	$8.46B
ETN	Eaton	$23.20B	$6.34B
PH	Parker-Hannifin	$19.93B	$4.90B
EMR	Emerson Electric	$17.49B	$4.38B
ITW	Illinois Tool Works	$16.11B	$3.97B
DOV	Dover	$8.44B	$1.98B
XYL	Xylem	$7.36B	-
IR	Ingersoll Rand	$6.88B	$1.86B
PNR	Pentair	$4.10B	$993.40M
AOS	A. O. Smith	$3.85B	$902.60M
ROK	Rockwell Automation	$3.19B	$2.13B
FELE	Franklin Electric	$2.07B	$531.44M

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, Food Equipment Segment, Polymers and Fluids Segment, Specialty Products Segment, Construction Products Segment, Automotive OEM Segment, and Test and Measurement and Electronics Segment. Welding Segment generated $1.9B in revenue, accounting 11.80% of the company's total revenue, up 0.42% year-over-year. Food Equipment Segment generated $2.62B in revenue, accounting 16.26% of the company's total revenue, up 7.28% year-over-year. Polymers and Fluids Segment generated $1.8B in revenue, accounting 11.19% of the company's total revenue Specialty Products Segment generated $1.7B in revenue, accounting 10.52% of the company's total revenue, down -5.67% 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. 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.

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.