Illinois Tool Works's Revenue
- 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 $4.09 B in the quarter ending Dec 2025. The quarterly revenue increased $161.00 M from $3.93 B (in Q4: Sept 2024) to $4.09 B (in Q4: Sept 2025), representing a 4.09% year-over-year growth.
- 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.
- 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.
Over the past 10 years (2016 - 2025):
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 :
Illinois Tool Works's Revenue Trend
| 2015 | 13405000000.00 |
|---|---|
| 2016 | 13599000000.00 |
| 2017 | 14314000000.00 |
| 2018 | 14768000000.00 |
| 2019 | 14109000000.00 |
| 2020 | 12574000000.00 |
| 2021 | 14455000000.00 |
| 2022 | 15932000000.00 |
| 2023 | 16107000000.00 |
| 2024 | 15898000000.00 |
| 2025 | 16044000000.00 |
| Mar 2016 | 3274000000.00 |
|---|---|
| Jun 2016 | 3431000000.00 |
| Sep 2016 | 3495000000.00 |
| Dec 2016 | 3399000000.00 |
| Mar 2017 | 3471000000.00 |
| Jun 2017 | 3599000000.00 |
| Sep 2017 | 3615000000.00 |
| Dec 2017 | 3629000000.00 |
| Mar 2018 | 3744000000.00 |
| Jun 2018 | 3831000000.00 |
| Sep 2018 | 3613000000.00 |
| Dec 2018 | 3580000000.00 |
| Mar 2019 | 3552000000.00 |
| Jun 2019 | 3609000000.00 |
| Sep 2019 | 3479000000.00 |
| Dec 2019 | 3469000000.00 |
| Mar 2020 | 3228000000.00 |
| Jun 2020 | 2564000000.00 |
| Sep 2020 | 3307000000.00 |
| Dec 2020 | 3475000000.00 |
| Mar 2021 | 3544000000.00 |
| Jun 2021 | 3676000000.00 |
| Sep 2021 | 3556000000.00 |
| Dec 2021 | 3679000000.00 |
| Mar 2022 | 3939000000.00 |
| Jun 2022 | 4011000000.00 |
| Sep 2022 | 4011000000.00 |
| Dec 2022 | 3971000000.00 |
| Mar 2023 | 4019000000.00 |
| Jun 2023 | 4074000000.00 |
| Sep 2023 | 4031000000.00 |
| Dec 2023 | 3983000000.00 |
| Mar 2024 | 3973000000.00 |
| Jun 2024 | 4027000000.00 |
| Sep 2024 | 3966000000.00 |
| Dec 2024 | 3932000000.00 |
| Mar 2025 | 3839000000.00 |
| Jun 2025 | 4053000000.00 |
| Sep 2025 | 4059000000.00 |
| Dec 2025 | 4093000000.00 |
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.
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 |
| Q1: Mar 16 | -2.03 |
|---|---|
| Q2: Jun 16 | -0.09 |
| Q3: Sep 16 | 4.20 |
| Q4: Dec 16 | 3.79 |
| Q1: Mar 17 | 6.02 |
| Q2: Jun 17 | 4.90 |
| Q3: Sep 17 | 3.43 |
| Q4: Dec 17 | 6.77 |
| Q1: Mar 18 | 7.87 |
| Q2: Jun 18 | 6.45 |
| Q3: Sep 18 | -0.06 |
| Q4: Dec 18 | -1.35 |
| Q1: Mar 19 | -5.13 |
| Q2: Jun 19 | -5.79 |
| Q3: Sep 19 | -3.71 |
| Q4: Dec 19 | -3.10 |
| Q1: Mar 20 | -9.12 |
| Q2: Jun 20 | -28.96 |
| Q3: Sep 20 | -4.94 |
| Q4: Dec 20 | 0.17 |
| Q1: Mar 21 | 9.79 |
| Q2: Jun 21 | 43.37 |
| Q3: Sep 21 | 7.53 |
| Q4: Dec 21 | 5.87 |
| Q1: Mar 22 | 11.15 |
| Q2: Jun 22 | 9.11 |
| Q3: Sep 22 | 12.80 |
| Q4: Dec 22 | 7.94 |
| Q1: Mar 23 | 2.03 |
| Q2: Jun 23 | 1.57 |
| Q3: Sep 23 | 0.50 |
| Q4: Dec 23 | 0.30 |
| Q1: Mar 24 | -1.14 |
| Q2: Jun 24 | -1.15 |
| Q3: Sep 24 | -1.61 |
| Q4: Dec 24 | -1.28 |
| Q1: Mar 25 | -3.37 |
| Q2: Jun 25 | 0.65 |
| Q3: Sep 25 | 2.34 |
| Q4: Dec 25 | 4.09 |
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).
Summary Table (Annual)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| 2025 | $16.04 B | +0.92% |
| 2024 | $15.90 B | -1.30% |
| 2023 | $16.11 B | +1.10% |
| 2022 | $15.93 B | +10.22% |
| 2021 | $14.46 B | +14.96% |
| 2020 | $12.57 B | -10.88% |
| 2019 | $14.11 B | -4.46% |
| 2018 | $14.77 B | +3.17% |
| 2017 | $14.31 B | +5.26% |
| 2016 | $13.60 B | +1.45% |
Summary Table (Quarterly)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| Q4: Dec 25 | $4.09 B | 4.09% |
| Q3: Sep 25 | $4.06 B | 2.34% |
| Q2: Jun 25 | $4.05 B | 0.65% |
| Q1: Mar 25 | $3.84 B | -3.37% |
| Q4: Dec 24 | $3.93 B | -1.28% |
| Q3: Sep 24 | $3.97 B | -1.61% |
| Q2: Jun 24 | $4.03 B | -1.15% |
| Q1: Mar 24 | $3.97 B | -1.14% |
| Q4: Dec 23 | $3.98 B | 0.30% |
| Q3: Sep 23 | $4.03 B | 0.50% |
| Q2: Jun 23 | $4.07 B | 1.57% |
| Q1: Mar 23 | $4.02 B | 2.03% |
| Q4: Dec 22 | $3.97 B | 7.94% |
| Q3: Sep 22 | $4.01 B | 12.80% |
| Q2: Jun 22 | $4.01 B | 9.11% |
| Q1: Mar 22 | $3.94 B | 11.15% |
| Q4: Dec 21 | $3.68 B | 5.87% |
| Q3: Sep 21 | $3.56 B | 7.53% |
| Q2: Jun 21 | $3.68 B | 43.37% |
| Q1: Mar 21 | $3.54 B | 9.79% |
| Q4: Dec 20 | $3.48 B | 0.17% |
| Q3: Sep 20 | $3.31 B | -4.94% |
| Q2: Jun 20 | $2.56 B | -28.96% |
| Q1: Mar 20 | $3.23 B | -9.12% |
| Q4: Dec 19 | $3.47 B | -3.10% |
| Q3: Sep 19 | $3.48 B | -3.71% |
| Q2: Jun 19 | $3.61 B | -5.79% |
| Q1: Mar 19 | $3.55 B | -5.13% |
| Q4: Dec 18 | $3.58 B | -1.35% |
| Q3: Sep 18 | $3.61 B | -0.06% |
| Q2: Jun 18 | $3.83 B | 6.45% |
| Q1: Mar 18 | $3.74 B | 7.87% |
| Q4: Dec 17 | $3.63 B | 6.77% |
| Q3: Sep 17 | $3.62 B | 3.43% |
| Q2: Jun 17 | $3.60 B | 4.90% |
| Q1: Mar 17 | $3.47 B | 6.02% |
| Q4: Dec 16 | $3.40 B | 3.79% |
| Q3: Sep 16 | $3.50 B | 4.20% |
| Q2: Jun 16 | $3.43 B | -0.09% |
| Q1: Mar 16 | $3.27 B | -2.03% |
