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Illinois Tool Works
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Illinois Tool Works's Revenue by Segment

In fiscal year 2025, Illinois Tool Works's revenue by segment (products & services) are as follows:

  • Automotive OEM Segment: $3.29 B
  • Construction Products Segment: $1.82 B
  • Food Equipment Segment: $2.70 B
  • Polymers and Fluids Segment: $1.77 B
  • Specialty Products Segment: $1.78 B
  • Test and Measurement and Electronics Segment: $2.83 B
  • Welding Segment: $1.89 B

Learn more about Illinois Tool Works’s Revenue by Geography

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

Explore additional financial metrics for Illinois Tool Works.

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The above chart shows Illinois Tool Works's revenue percentage share by segment (products and services).

In fiscal year 2023, Illinois Tool Works's revenue by segment is as follows:

  • Automotive OEM Segment generated $3.24 B in revenue, representing 20.06% of its total revenue.
  • Construction Products Segment generated $2.03 B in revenue, representing 12.61% of its total revenue.
  • Food Equipment Segment generated $2.62 B in revenue, representing 16.26% of its total revenue.
  • Polymers and Fluids Segment generated $1.80 B in revenue, representing 11.19% of its total revenue.
  • Specialty Products Segment generated $1.70 B in revenue, representing 10.52% of its total revenue.
  • Test and Measurement and Electronics Segment generated $2.83 B in revenue, representing 17.56% of its total revenue.
  • Welding Segment generated $1.90 B in revenue, representing 11.8% of its total revenue.

The biggest segment for Illinois Tool Works is the Automotive OEM Segment, which represents 20.06% of its total revenue.
The smallest segment for Illinois Tool Works is the Specialty Products Segment, which represents 10.52% of its total revenue.

The above chart shows Illinois Tool Works's revenue percentage share by segment (products and services).

In fiscal year 2024, Illinois Tool Works's revenue by segment is as follows:

  • Automotive OEM Segment generated $3.19 B in revenue, representing 20.03% of its total revenue.
  • Construction Products Segment generated $1.91 B in revenue, representing 11.99% of its total revenue.
  • Food Equipment Segment generated $2.65 B in revenue, representing 16.63% of its total revenue.
  • Polymers and Fluids Segment generated $1.76 B in revenue, representing 11.08% of its total revenue.
  • Specialty Products Segment generated $1.74 B in revenue, representing 10.95% of its total revenue.
  • Test and Measurement and Electronics Segment generated $2.82 B in revenue, representing 17.7% of its total revenue.
  • Welding Segment generated $1.85 B in revenue, representing 11.63% of its total revenue.

The biggest segment for Illinois Tool Works is the Automotive OEM Segment, which represents 20.03% of its total revenue.
The smallest segment for Illinois Tool Works is the Specialty Products Segment, which represents 10.95% of its total revenue.

The above chart shows Illinois Tool Works's revenue percentage share by segment (products and services).

In fiscal year 2025, Illinois Tool Works's revenue by segment is as follows:

  • Automotive OEM Segment generated $3.29 B in revenue, representing 20.47% of its total revenue.
  • Construction Products Segment generated $1.82 B in revenue, representing 11.33% of its total revenue.
  • Food Equipment Segment generated $2.70 B in revenue, representing 16.8% of its total revenue.
  • Polymers and Fluids Segment generated $1.77 B in revenue, representing 10.99% of its total revenue.
  • Specialty Products Segment generated $1.78 B in revenue, representing 11.05% of its total revenue.
  • Test and Measurement and Electronics Segment generated $2.83 B in revenue, representing 17.59% of its total revenue.
  • Welding Segment generated $1.89 B in revenue, representing 11.77% of its total revenue.

The biggest segment for Illinois Tool Works is the Automotive OEM Segment, which represents 20.47% of its total revenue.
The smallest segment for Illinois Tool Works is the Polymers and Fluids Segment, which represents 10.99% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Automotive OEM Segment 20.06% 20.03% 20.47%
Welding Segment 11.8% 11.63% 11.77%
Test and Measurement and Electronics Segment 17.56% 17.7% 17.59%
Specialty Products Segment 10.52% 10.95% 11.05%
Polymers and Fluids Segment 11.19% 11.08% 10.99%
Food Equipment Segment 16.26% 16.63% 16.8%
Construction Products Segment 12.61% 11.99% 11.33%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Illinois Tool Works.

In fiscal year 2025, the Automotive OEM Segment generated the most revenue ($3.29 B), and the Polymers and Fluids Segment generated the least revenue ($1.77 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Automotive OEM Segment revenue increased 3.14% ($100.00 M) from $3.19 B (in 2024) to $3.29 B (in 2025).
  • Construction Products Segment revenue decreased -4.66% ($89.00 M) from $1.91 B (in 2024) to $1.82 B (in 2025).
  • Food Equipment Segment revenue increased 1.96% ($52.00 M) from $2.65 B (in 2024) to $2.70 B (in 2025).
  • Polymers and Fluids Segment revenue increased 0.06% ($1,000.00) from $1.76 B (in 2024) to $1.77 B (in 2025).
  • Specialty Products Segment revenue increased 1.84% ($32.00 M) from $1.74 B (in 2024) to $1.78 B (in 2025).
  • Test and Measurement and Electronics Segment revenue increased 0.25% ($7.00 M) from $2.82 B (in 2024) to $2.83 B (in 2025).
  • Welding Segment revenue increased 2.11% ($39.00 M) from $1.85 B (in 2024) to $1.89 B (in 2025).
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    Summary Table

    Products & Services 2023
    Value Change
    		2024
    Value Change
    		2025
    Value Change
    Automotive OEM Segment $3.24 B - $3.19 B
    1.45%
    		$3.29 B
    3.14%
    Construction Products Segment $2.03 B - $1.91 B
    6.10%
    		$1.82 B
    4.66%
    Food Equipment Segment $2.62 B - $2.65 B
    0.95%
    		$2.70 B
    1.96%
    Polymers and Fluids Segment $1.80 B - $1.76 B
    2.22%
    		$1.77 B
    0.06%
    Specialty Products Segment $1.70 B - $1.74 B
    2.71%
    		$1.78 B
    1.84%
    Test and Measurement and Electronics Segment $2.83 B - $2.82 B
    0.49%
    		$2.83 B
    0.25%
    Welding Segment $1.90 B - $1.85 B
    2.68%
    		$1.89 B
    2.11%
    Total Revenue $16.11 B - $15.90 B
    1.30%
    		$16.04 B
    0.92%

    Frequently Asked Questions

    What was Illinois Tool Works's largest product segment last year?

    In fiscal year 2025, Automotive OEM Segment revenue reached $3.29 Billion, representing 20.47% of Illinois Tool Works's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for Illinois Tool Works last year?

    The Automotive OEM Segment segment is Illinois Tool Works's highest growth segment, with a revenue growth of +3.14% in 2025 compared to 2024.

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