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Illinois Tool Works
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Illinois Tool Works's Revenue (2016 - 2025)

  • Illinois Tool Works's annual revenue was $16.04 B in fiscal year 2025. The annual revenue increased $146.00 M from $15.90 B (in 2024) to $16.04 B (in 2025), representing a 0.92% year-over-year growth.

  • Illinois Tool Works's quarterly revenue was $4.02 B in the quarter ending Mar 2026. The quarterly revenue increased $177.00 M from $3.84 B (in Q1: Dec 2025) to $4.02 B (in Q1: Dec 2026), representing a 4.61% year-over-year growth.

    • Over the past 10 years (2016 - 2025):
  • The highest annual revenue for Illinois Tool Works was $16.11 B in fiscal year 2023.
  • The lowest annual revenue was $12.57 B in fiscal year 2020.
  • The average revenue was $14.78 B.

    • Learn more about Illinois Tool Works's Revenue by Segment and Revenue by Region.

    Check out competitors to Illinois Tool Works in a side-by-side comparison.

    Explore additional financial metrics for Illinois Tool Works.


    Definition of Revenue :
  • Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
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Illinois Tool Works's Revenue Trend

2025

Illinois Tool Works's annual revenue was $16.04 B in fiscal year 2025.

Illinois Tool Works's quarterly revenue was $3.84 B(Q1: Mar 2025), $4.05 B(Q2: Jun 2025), $4.06 B(Q3: Sep 2025), $4.09 B(Q4: Dec 2025) in fiscal year 2025.

2024

Illinois Tool Works's annual revenue was $15.90 B in fiscal year 2024.

Illinois Tool Works's quarterly revenue was $3.97 B(Q1: Mar 2024), $4.03 B(Q2: Jun 2024), $3.97 B(Q3: Sep 2024), $3.93 B(Q4: Dec 2024) in fiscal year 2024.

2023

Illinois Tool Works's annual revenue was $16.11 B in fiscal year 2023.

Illinois Tool Works's quarterly revenue was $4.02 B(Q1: Mar 2023), $4.07 B(Q2: Jun 2023), $4.03 B(Q3: Sep 2023), $3.98 B(Q4: Dec 2023) in fiscal year 2023.

2022

Illinois Tool Works's annual revenue was $15.93 B in fiscal year 2022.

Illinois Tool Works's quarterly revenue was $3.94 B(Q1: Mar 2022), $4.01 B(Q2: Jun 2022), $4.01 B(Q3: Sep 2022), $3.97 B(Q4: Dec 2022) in fiscal year 2022.

2021

Illinois Tool Works's annual revenue was $14.46 B in fiscal year 2021.

Illinois Tool Works's quarterly revenue was $3.54 B(Q1: Mar 2021), $3.68 B(Q2: Jun 2021), $3.56 B(Q3: Sep 2021), $3.68 B(Q4: Dec 2021) in fiscal year 2021.

2020

Illinois Tool Works's annual revenue was $12.57 B in fiscal year 2020.

Illinois Tool Works's quarterly revenue was $3.23 B(Q1: Mar 2020), $2.56 B(Q2: Jun 2020), $3.31 B(Q3: Sep 2020), $3.48 B(Q4: Dec 2020) in fiscal year 2020.

2019

Illinois Tool Works's annual revenue was $14.11 B in fiscal year 2019.

Illinois Tool Works's quarterly revenue was $3.55 B(Q1: Mar 2019), $3.61 B(Q2: Jun 2019), $3.48 B(Q3: Sep 2019), $3.47 B(Q4: Dec 2019) in fiscal year 2019.

2018

Illinois Tool Works's annual revenue was $14.77 B in fiscal year 2018.

Illinois Tool Works's quarterly revenue was $3.74 B(Q1: Mar 2018), $3.83 B(Q2: Jun 2018), $3.61 B(Q3: Sep 2018), $3.58 B(Q4: Dec 2018) in fiscal year 2018.

2017

Illinois Tool Works's annual revenue was $14.31 B in fiscal year 2017.

Illinois Tool Works's quarterly revenue was $3.47 B(Q1: Mar 2017), $3.60 B(Q2: Jun 2017), $3.62 B(Q3: Sep 2017), $3.63 B(Q4: Dec 2017) in fiscal year 2017.

2016

Illinois Tool Works's annual revenue was $13.60 B in fiscal year 2016.

Illinois Tool Works's quarterly revenue was $3.27 B(Q1: Mar 2016), $3.43 B(Q2: Jun 2016), $3.50 B(Q3: Sep 2016), $3.40 B(Q4: Dec 2016) in fiscal year 2016.

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Illinois Tool Works's Revenue (Year-over-Year Change)

2015 0
2016 +1.45
2017 +5.26
2018 +3.17
2019 -4.46
2020 -10.88
2021 +14.96
2022 +10.22
2023 +1.10
2024 -1.30
2025 +0.92

2025

Illinois Tool Works’s annual revenue increased +0.92% during fiscal year 2025 compared to 2024. It represents a growth of $146.00 M from $15.90 B (in 2024) to $16.04 B (in 2025).

2024

Illinois Tool Works’s annual revenue decreased -1.30% during fiscal year 2024 compared to 2023. It represents a decline of $209.00 M from $16.11 B (in 2023) to $15.90 B (in 2024).

2023

Illinois Tool Works’s annual revenue increased +1.10% during fiscal year 2023 compared to 2022. It represents a growth of $175.00 M from $15.93 B (in 2022) to $16.11 B (in 2023).

2022

Illinois Tool Works’s annual revenue increased +10.22% during fiscal year 2022 compared to 2021. It represents a growth of $1.48 B from $14.46 B (in 2021) to $15.93 B (in 2022).

2021

Illinois Tool Works’s annual revenue increased +14.96% during fiscal year 2021 compared to 2020. It represents a growth of $1.88 B from $12.57 B (in 2020) to $14.46 B (in 2021).

2020

Illinois Tool Works’s annual revenue decreased -10.88% during fiscal year 2020 compared to 2019. It represents a decline of $1.54 B from $14.11 B (in 2019) to $12.57 B (in 2020).

2019

Illinois Tool Works’s annual revenue decreased -4.46% during fiscal year 2019 compared to 2018. It represents a decline of $659.00 M from $14.77 B (in 2018) to $14.11 B (in 2019).

2018

Illinois Tool Works’s annual revenue increased +3.17% during fiscal year 2018 compared to 2017. It represents a growth of $454.00 M from $14.31 B (in 2017) to $14.77 B (in 2018).

2017

Illinois Tool Works’s annual revenue increased +5.26% during fiscal year 2017 compared to 2016. It represents a growth of $715.00 M from $13.60 B (in 2016) to $14.31 B (in 2017).

2016

Illinois Tool Works’s annual revenue increased +1.45% during fiscal year 2016 compared to 2015. It represents a growth of $194.00 M from $13.41 B (in 2015) to $13.60 B (in 2016).

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Illinois Tool Works Revenue History

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Period Revenue Year-over-Year Change
FY 2025
$16.04 B $146.00 M 0.92%
Q4: Dec 25 $4.09 B $161.00 M 4.09%
Q3: Sep 25 $4.06 B $93.00 M 2.34%
Q2: Jun 25 $4.05 B $26.00 M 0.65%
Q1: Mar 25 $3.84 B -$134.00 M 3.37%
FY 2024
$15.90 B -$209.00 M 1.3%
Q4: Dec 24 $3.93 B -$51.00 M 1.28%
Q3: Sep 24 $3.97 B -$65.00 M 1.61%
Q2: Jun 24 $4.03 B -$47.00 M 1.15%
Q1: Mar 24 $3.97 B -$46.00 M 1.14%
FY 2023
$16.11 B $175.00 M 1.1%
Q4: Dec 23 $3.98 B $12.00 M 0.3%
Q3: Sep 23 $4.03 B $20.00 M 0.5%
Q2: Jun 23 $4.07 B $63.00 M 1.57%
Q1: Mar 23 $4.02 B $80.00 M 2.03%
FY 2022
$15.93 B $1.48 B 10.22%
Q4: Dec 22 $3.97 B $292.00 M 7.94%
Q3: Sep 22 $4.01 B $455.00 M 12.8%
Q2: Jun 22 $4.01 B $335.00 M 9.11%
Q1: Mar 22 $3.94 B $395.00 M 11.15%
FY 2021
$14.46 B $1.88 B 14.96%
Q4: Dec 21 $3.68 B $204.00 M 5.87%
Q3: Sep 21 $3.56 B $249.00 M 7.53%
Q2: Jun 21 $3.68 B $1.11 B 43.37%
Q1: Mar 21 $3.54 B $316.00 M 9.79%
FY 2020
$12.57 B -$1.54 B 10.88%
Q4: Dec 20 $3.48 B $6.00 M 0.17%
Q3: Sep 20 $3.31 B -$172.00 M 4.94%
Q2: Jun 20 $2.56 B -$1.05 B 28.96%
Q1: Mar 20 $3.23 B -$324.00 M 9.12%
FY 2019
$14.11 B -$659.00 M 4.46%
Q4: Dec 19 $3.47 B -$111.00 M 3.1%
Q3: Sep 19 $3.48 B -$134.00 M 3.71%
Q2: Jun 19 $3.61 B -$222.00 M 5.79%
Q1: Mar 19 $3.55 B -$192.00 M 5.13%
FY 2018
$14.77 B $454.00 M 3.17%
Q4: Dec 18 $3.58 B -$49.00 M 1.35%
Q3: Sep 18 $3.61 B -$2.00 M 0.06%
Q2: Jun 18 $3.83 B $232.00 M 6.45%
Q1: Mar 18 $3.74 B $273.00 M 7.87%
FY 2017
$14.31 B $715.00 M 5.26%
Q4: Dec 17 $3.63 B $230.00 M 6.77%
Q3: Sep 17 $3.62 B $120.00 M 3.43%
Q2: Jun 17 $3.60 B $168.00 M 4.9%
Q1: Mar 17 $3.47 B $197.00 M 6.02%
FY 2016
$13.60 B $194.00 M 1.45%
Q4: Dec 16 $3.40 B $124.00 M 3.79%
Q3: Sep 16 $3.50 B $141.00 M 4.2%
Q2: Jun 16 $3.43 B -$3.00 M 0.09%
Q1: Mar 16 $3.27 B -$68.00 M 2.03%

Frequently Asked Questions

What is the annual revenue of Illinois Tool Works?

In fiscal year 2025, Illinois Tool Works's revenue was $16.04 Billion.

How much did Illinois Tool Works's revenue change in the last year?

Illinois Tool Works's revenue increased by +0.92% (+$146.00 Million) in 2025 compared to 2024.

What is Illinois Tool Works's most recent quarterly revenue?

In the first quarter (Q1) of 2026, Illinois Tool Works reported a revenue of $4.02 Billion.

What is Illinois Tool Works's revenue per share (TTM)?

Illinois Tool Works's revenue per share over the trailing twelve months is $56.26.

What is Illinois Tool Works's revenue per employee?

In the fiscal year 2025, Illinois Tool Works's revenue per employee was $373.12 K.

What is the annual net income of Illinois Tool Works?

In fiscal year 2025, Illinois Tool Works's net income was $3.07 Billion.

What is Illinois Tool Works's biggest product segment, and what is its revenue?

Automotive OEM Segment is Illinois Tool Works's biggest product segment, generating $3.29 Billion in revenue for fiscal year 2025.

What is Illinois Tool Works's net income per employee?

In the fiscal year 2025, Illinois Tool Works's net income per employee was $71.30 K.

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