ITW · Illinois Tool Works Inc
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | $16.22B | $16.04B | $15.9B | $16.11B | $15.93B | $14.46B | $12.57B | $14.11B | $14.77B | $14.31B | $13.6B | $13.41B | $14.48B | $14.14B | $17.92B | $17.79B | $15.87B | $13.88B | |
| — | $7.62B | $7.56B | $7.6B | $9.32B | $9.43B | $8.49B | $7.38B | $8.19B | $8.6B | $8.31B | $7.9B | $7.89B | $8.67B | $8.55B | $11.46B | $11.52B | $10.24B | $9.14B | |
| — | $8.6B | $8.49B | $8.29B | $6.79B | $6.5B | $5.97B | $5.2B | $5.92B | $6.16B | $6.01B | $5.7B | $5.52B | $5.81B | $5.58B | $6.47B | $6.27B | $5.63B | $4.73B | |
| — | — | 52.9% | 52.17% | 42.16% | 40.82% | 41.27% | 41.35% | 41.97% | 41.74% | 41.95% | 41.94% | 41.16% | 40.12% | 39.48% | 36.09% | 35.24% | 35.47% | 34.1% | |
| — | — | $302M | $292M | $284M | $269M | $239M | $214M | $221M | $233M | $225M | $223M | $218M | $227M | $240M | $266M | $242.98M | $220.46M | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | $231M | $242M | $250M | $288M | $255.34M | $212.88M | $203.23M | |
| — | $4.29B | $4.22B | $4.26B | $4.04B | $3.79B | $3.48B | $2.88B | $3.4B | $3.58B | $3.49B | $3.06B | $2.87B | $2.89B | $2.51B | $2.85B | $2.73B | $2.36B | $1.39B | |
| — | — | 26.28% | 26.82% | 25.08% | 23.79% | 24.05% | 22.92% | 24.11% | 24.27% | 24.41% | 22.53% | 21.39% | 19.94% | 17.79% | 15.88% | 15.35% | 14.85% | 9.99% | |
| — | $297M | $292M | $283M | $266M | $203M | $202M | $206M | $221M | $257M | $260M | $237M | $226M | $250M | $239M | $214M | $192.13M | $175.46M | $164.84M | |
| — | — | $40M | $44M | $51M | $22M | $12M | $17M | $29M | $35M | $45M | $38M | $52M | $65M | $50M | $40M | $40.28M | $22.42M | — | |
| — | $50M | $42M | $441M | $49M | $255M | $51M | $28M | $107M | $67M | $36M | $81M | $78M | $61M | $72M | $37M | $53.84M | $30.77M | -$7.35M | |
| — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $61M | -$4M | -$9M | -$14M | -$30M | — | — | — | |
| — | — | $0 | $0 | $2M | $9M | $29M | $8M | $15M | $9M | $16M | -$13M | $4M | $8M | $12M | $11M | $17.49M | $20.81M | -$4.94M | |
| — | — | — | — | $3.82B | $3.84B | $3.33B | $2.7B | $3.29B | $3.39B | $3.27B | $2.91B | $2.72B | $2.7B | $2.35B | $3.6B | $2.59B | $2.21B | $1.21B | |
| — | $904M | $900M | $934M | $866M | $808M | $632M | $595M | $767M | $831M | $1.58B | $873M | $820M | $809M | $717M | $1.11B | $575.7M | $684.8M | $244.3M | |
| — | $3.13B | $3.07B | $3.49B | $2.96B | $3.03B | $2.69B | $2.11B | $2.52B | $2.56B | $1.69B | $2.04B | $1.9B | $2.95B | $1.68B | $2.87B | $2.07B | $1.53B | $947.01M | |
| — | — | 19.11% | 21.94% | 18.36% | 19.04% | 18.64% | 16.77% | 17.87% | 17.36% | 11.79% | 14.96% | 14.17% | 20.34% | 11.88% | 16.01% | 11.65% | 9.62% | 6.82% | |
| USD/shares | — | — | $10.52 | $11.75 | $9.77 | $9.80 | $8.55 | $6.66 | $7.78 | $7.65 | $4.90 | $5.73 | $5.16 | $7.33 | $3.76 | $6.11 | $4.21 | $3.05 | $1.89 |
| USD/shares | $11.10 – $11.50 | — | $10.49 | $11.71 | $9.74 | $9.77 | $8.51 | $6.63 | $7.74 | $7.60 | $4.86 | $5.70 | $5.13 | $7.28 | $3.74 | $6.06 | $4.19 | $3.03 | $1.89 |
| shares | — | — | 291.5M | 296.8M | 302.6M | 309.6M | 315.1M | 316.9M | 323.9M | 335M | 344.1M | 355M | 367.9M | 401.7M | 446.2M | 469.8M | 491.44M | 500.77M | — |
| shares | — | — | 292.3M | 297.8M | 303.6M | 310.7M | 316.4M | 318.3M | 325.6M | 337.1M | 346.8M | 357.1M | 370.1M | 404.6M | 449.3M | — | 494.65M | 503.35M | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $26.23B in buybacks, $18.47B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Automotive OEM Segment | $3,288,000,000 | $3,188,000,000 | $3,235,000,000 | $2,969,000,000 | $2,800,000,000 | $2,571,000,000 | $3,063,000,000 | $3,338,000,000 |
| Test and Measurement and Electronics Segment | $2,825,000,000 | $2,818,000,000 | $2,832,000,000 | $2,828,000,000 | $2,346,000,000 | $1,963,000,000 | $2,121,000,000 | $2,171,000,000 |
| Food Equipment Segment | $2,699,000,000 | $2,647,000,000 | $2,622,000,000 | $2,444,000,000 | $2,078,000,000 | $1,739,000,000 | $2,188,000,000 | $2,214,000,000 |
| Welding Segment | $1,890,000,000 | $1,851,000,000 | $1,902,000,000 | $1,894,000,000 | $1,650,000,000 | $1,384,000,000 | $1,638,000,000 | $1,691,000,000 |
| Construction Products Segment | $1,820,000,000 | $1,909,000,000 | $2,033,000,000 | $2,113,000,000 | $1,945,000,000 | $1,652,000,000 | $1,625,000,000 | $1,700,000,000 |
| Specialty Products Segment | $1,775,000,000 | $1,743,000,000 | $1,697,000,000 | $1,799,000,000 | $1,854,000,000 | $1,660,000,000 | $1,825,000,000 | $1,951,000,000 |
| Polymers and Fluids | $1,765,000,000 | $1,764,000,000 | $1,804,000,000 | $1,905,000,000 | $1,804,000,000 | $1,622,000,000 | $1,669,000,000 | $1,724,000,000 |
| Polymers and Fluids Segment | $1,765,000,000 | $1,764,000,000 | $1,804,000,000 | $1,905,000,000 | $1,804,000,000 | $1,622,000,000 | $1,669,000,000 | $1,724,000,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| North America | $8,480,000,000 | $8,530,000,000 | $8,722,000,000 | $8,704,000,000 | $7,518,000,000 | $6,612,000,000 | $7,479,000,000 | $7,612,000,000 |
| United States | $7,395,000,000 | $7,374,000,000 | $7,576,000,000 | $7,609,000,000 | $6,578,000,000 | $5,834,000,000 | $6,507,000,000 | $6,562,000,000 |
| EMEA | $4,162,000,000 | $4,101,000,000 | $4,147,000,000 | $3,913,000,000 | $3,870,000,000 | $3,447,000,000 | $3,920,000,000 | $4,241,000,000 |
| Asia Pacific | $3,079,000,000 | $2,961,000,000 | $2,935,000,000 | $2,991,000,000 | $2,802,000,000 | $2,291,000,000 | $2,400,000,000 | $2,573,000,000 |
| Canada and Mexico | $1,085,000,000 | $1,156,000,000 | $1,146,000,000 | $1,095,000,000 | $940,000,000 | $778,000,000 | $972,000,000 | $1,050,000,000 |
| South America | $323,000,000 | $306,000,000 | $303,000,000 | $324,000,000 | $265,000,000 | $224,000,000 | $310,000,000 | $342,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Food Equipment Segment | $753,000,000 | $719,000,000 | $713,000,000 | $618,000,000 | $469,000,000 | $342,000,000 | $578,000,000 | $572,000,000 |
| Test and Measurement and Electronics Segment | $694,000,000 | $703,000,000 | $686,000,000 | $684,000,000 | $643,000,000 | $507,000,000 | $542,000,000 | $523,000,000 |
| Automotive OEM Segment | $693,000,000 | $625,000,000 | $561,000,000 | $499,000,000 | $545,000,000 | $457,000,000 | $659,000,000 | $751,000,000 |
| Welding Segment | $621,000,000 | $597,000,000 | $605,000,000 | $583,000,000 | $490,000,000 | $376,000,000 | $453,000,000 | $474,000,000 |
| Specialty Products Segment | $553,000,000 | $528,000,000 | $449,000,000 | $481,000,000 | $504,000,000 | $432,000,000 | $472,000,000 | $522,000,000 |
| Construction Products Segment | $550,000,000 | $559,000,000 | $578,000,000 | $548,000,000 | $530,000,000 | $421,000,000 | $383,000,000 | $414,000,000 |
| Polymers and Fluids | $493,000,000 | $484,000,000 | $482,000,000 | $479,000,000 | $457,000,000 | $402,000,000 | $381,000,000 | $369,000,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Automotive OEM Segment | 21.1% | 19.6% | 17.3% | 16.8% | 19.5% | 17.8% | 21.5% | 22.5% |
| Test and Measurement and Electronics Segment | 24.6% | 24.9% | 24.2% | 24.2% | 27.4% | 25.8% | 25.6% | 24.1% |
| Food Equipment Segment | 27.9% | 27.2% | 27.2% | 25.3% | 22.6% | 19.7% | 26.4% | 25.8% |
| Welding Segment | 32.9% | 32.3% | 31.8% | 30.8% | 29.7% | 27.2% | 27.7% | 28% |
| Construction Products Segment | 30.2% | 29.3% | 28.4% | 25.9% | 27.2% | 25.5% | 23.6% | 24.4% |
| Specialty Products Segment | 31.2% | 30.3% | 26.5% | 26.7% | 27.2% | 26% | 25.9% | 26.8% |
| Polymers and Fluids | 27.9% | 27.4% | 26.7% | 25.1% | 25.3% | 24.8% | 22.8% | 21.4% |