How has Illinois Tool Works's construction products — goodwill changed year-over-year?

Illinois Tool Works's construction products — goodwill increased by 3.9% year-over-year, from $488M to $507M.

What does construction products — goodwill mean?

This represents the intangible asset value recorded when the construction products segment acquires other businesses for a price exceeding the fair market value of their net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and intellectual property within the construction sector.

Illinois Tool Works (ITW) Construction Products — Goodwill

Screener

Other segment segments

Testand Measurementand Electronics

$1.88B+5.8%

Specialty Products

$875M+4.0%

Automotive OEM

$480M+7.9%

Food Equipment

$259M+7.0%

Welding

$254M+5.8%

Similar metrics at other companies

UFPIConstruction — Goodwill

$88.34M+1.0%

CNHConstruction — Goodwill

$49M+6.5%

ALT

ALTGConstruction Equipment — Goodwill

$44.7M+0.4%

SLBWell Construction — Goodwill

$6.59B—

ADAMConstructive — Goodwill

$22.4M—

CDREProducts — Goodwill

$228.61M+56.6%

Other financials

Income statement

See full

Revenue$4.3B+6.1%

Gross profit$1.9B+6.5%

Operating income$1.1B+7.4%

Net income$815.0M+7.9%

EPS (diluted)$2.84+10.1%

Balance sheet

See full

Cash & equivalents$839.0M+6.5%

Total debt$6.5B-14.9%

Total assets$16.3B+5.1%

Cash flow

See full

Operating cash flow$723.0M+31.5%

CapEx$92.0M-8.9%

Free cash flow$631.0M+40.5%

Valuation

See full

Market cap$82.56B+11.7%

Enterprise value$88.33B+9.2%

P/E25.9×+3.9×

P/S5×+0.3×

Profitability

See full

Gross margin44.2%+0.4pp

Operating margin26.5%+0.5pp

Net margin19.4%-1.9pp

FCF margin17.7%+0.5pp

Returns & leverage

See full

Current ratio1.1×-0.5×

Where this comes from

Reported directly by Illinois Tool Works in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Illinois Tool Works’s 10-K, filed February 13, 2026.

Filed: Feb 13, 2026, 1:32 PM EST
Fiscal year: FY2025
Accession: 0000049826-26-000008

In millions	Automotive OEM	Food Equipment	Test & Measurement and Electronics	Welding	Polymers & Fluids	Construction Products	Specialty Products	Total
Balance, December 31, 2023	$466	$251	$1,735	$251	$834	$506	$866	$4,909
Acquisitions / divestitures	—	—	71	—	—	—	—	71
Foreign currency translation	(21)	(9)	(26)	(11)	(31)	(18)	(25)	(141)
Balance, December 31, 2024	445	242	1,780	240	803	488	841	4,839
Acquisitions / divestitures	—	—	64	—	—	—	—	64
Foreign currency translation	35	17	39	14	37	19	34	195
Balance, December 31, 2025	$480	$259	$1,883	$254	$840	$507	$875	$5,098
Cumulative goodwill impairment charges, December 31, 2025	$24	$60	$83	$5	$15	$7	$46	$240

ITEM 8. Financial Statements and Supplementary Data

FAQ

What is Illinois Tool Works's construction products — goodwill?: Illinois Tool Works (ITW) reported construction products — goodwill of $507M in Q4 2025.
How has Illinois Tool Works's construction products — goodwill changed year-over-year?: Illinois Tool Works's construction products — goodwill increased by 3.9% year-over-year, from $488M to $507M.
What does construction products — goodwill mean?: This represents the intangible asset value recorded when the construction products segment acquires other businesses for a price exceeding the fair market value of their net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and intellectual property within the construction sector.