Illinois Tool Works ITW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Operating Revenue by Business | ||||||
| Automotive OEM | $820M-0.8% | $827M-0.4% | $830M-1.8% | $845M+7.5% | $786M+0.1% | |
| Construction Products | $458M+6.3% | $431M-8.9% | $473M0.0% | $473M+6.8% | $443M+1.1% | |
| Food Equipment | $637M-8.7% | $698M+0.6% | $694M+2.1% | $680M+8.5% | $627M-6.7% | |
| Polymers and Fluids | $452M-1.1% | $457M+3.6% | $441M+0.7% | $438M+2.1% | $429M-0.2% | |
| Polymers & Fluids | $452M-1.1% | $457M+3.6% | $441M+0.7% | $438M+2.1% | $429M-0.2% | |
| Specialty Products | $431M-0.5% | $433M-4.2% | $452M-0.7% | $455M+4.6% | $435M+4.6% | |
| Test & Measurement and Electronics | $715M-9.4% | $789M+13.0% | $698M+1.7% | $686M+5.2% | $652M-12.7% | |
| Welding | $507M+9.7% | $462M-3.1% | $477M-0.4% | $479M+1.5% | $472M+5.6% | |
| Operating Income by Business | ||||||
| Automotive OEM | $173M-3.9% | $180M-1.1% | $182M+1.1% | $180M+19.2% | $151M-3.2% | |
| Construction Products | $135M+7.1% | $126M-15.4% | $149M+2.8% | $145M+11.5% | $130M+5.7% | |
| Food Equipment | $157M-19.9% | $196M-3.0% | $202M+6.9% | $189M+13.9% | $166M-8.8% | |
| Polymers and Fluids | $126M-4.5% | $132M+4.8% | $126M+4.1% | $121M+6.1% | $114M-5.0% | |
| Specialty Products | $135M+8.9% | $124M-15.1% | $146M-1.4% | $148M+9.6% | $135M+14.4% | |
| Test & Measurement and Electronics | $164M-25.8% | $221M+24.9% | $177M+12.7% | $157M+12.9% | $139M-31.2% | |
| Welding | $163M+6.5% | $153M-1.9% | $156M-1.9% | $159M+3.9% | $153M+10.1% | |
| Variable cost of revenue by Business | ||||||
| Automotive OEM | $442M-0.9% | $446M-0.9% | $450M-2.0% | $459M+5.5% | $435M-0.7% | |
| Construction Products | $206M+6.2% | $194M-7.6% | $210M0.0% | $210M+5.0% | $200M-2.0% | |
| Food Equipment | $298M-8.9% | $327M+3.2% | $317M+1.3% | $313M+10.2% | $284M-10.1% | |
| Polymers and Fluids | $210M-1.9% | $214M+2.9% | $208M0.0% | $208M+1.5% | $205M-0.5% | |
| Specialty Products | $195M-6.3% | $208M+1.5% | $205M-1.0% | $207M+3.0% | $201M+2.6% | |
| Test & Measurement and Electronics | $309M-7.8% | $335M+12.8% | $297M-1.7% | $302M+7.1% | $282M-12.1% | |
| Welding | $227M+14.1% | $199M-5.7% | $211M-1.9% | $215M+0.5% | $214M+5.4% | |
| Depreciation and Amortization and Impairment of Goodwill and Intangible Assets by Business | ||||||
| Automotive OEM | $35M0.0% | $35M0.0% | $35M+2.9% | $34M+6.3% | $32M0.0% | |
| Construction Products | $8M0.0% | $8M0.0% | $8M0.0% | $8M0.0% | $8M-11.1% | |
| Food Equipment | $10M0.0% | $10M-9.1% | $11M+10.0% | $10M0.0% | $10M-16.7% | |
| Polymers and Fluids | $9M-10.0% | $10M0.0% | $10M-9.1% | $11M+10.0% | $10M-9.1% | |
| Specialty Products | $10M0.0% | $10M0.0% | $10M+11.1% | $9M0.0% | $9M0.0% | |
| Test & Measurement and Electronics | $18M-10.0% | $20M+17.6% | $17M-5.6% | $18M0.0% | $18M-10.0% | |
| Welding | $9M-10.0% | $10M+11.1% | $9M0.0% | $9M+12.5% | $8M-11.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Illinois Tool Works break its business down?
- Illinois Tool Works (ITW) reports operating revenue by business across 8 parts — Automotive OEM, Construction Products, Food Equipment, Polymers and Fluids and Polymers & Fluids. Each is extracted from the segment footnotes and tracked over time.
- Where does Illinois Tool Works's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Illinois Tool Works's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
