Illinois Tool Works ITW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Operating Revenue by Business | ||||||
| Automotive OEM | $820M+4.3% | $827M+5.4% | $830M+7.5% | $845M+3.7% | $786M-3.7% | |
| Construction Products | $458M+3.4% | $431M-1.6% | $473M-1.3% | $473M-6.2% | $443M-9.2% | |
| Food Equipment | $637M+1.6% | $698M+3.9% | $694M+2.5% | $680M+1.9% | $627M-0.6% | |
| Polymers and Fluids | $452M+5.4% | $457M+6.3% | $441M-1.6% | $438M-3.5% | $429M-0.7% | |
| Polymers & Fluids | $452M+5.4% | $457M+6.3% | $441M-1.6% | $438M-3.5% | $429M-0.7% | |
| Specialty Products | $431M-0.9% | $433M+4.1% | $452M+3.2% | $455M+1.3% | $435M-1.1% | |
| Test & Measurement and Electronics | $715M+9.7% | $789M+5.6% | $698M+0.1% | $686M+1.2% | $652M-6.3% | |
| Welding | $507M+7.4% | $462M+3.4% | $477M+3.2% | $479M+2.8% | $472M-0.8% | |
| Operating Income by Business | ||||||
| Automotive OEM | $173M+14.6% | $180M+15.4% | $182M+21.3% | $180M+14.6% | $151M-6.8% | |
| Construction Products | $135M+3.8% | $126M+2.4% | $149M+2.8% | $145M-2.0% | $130M-9.1% | |
| Food Equipment | $157M-5.4% | $196M+7.7% | $202M+4.7% | $189M+5.0% | $166M+1.2% | |
| Polymers and Fluids | $126M+10.5% | $132M+10.0% | $126M+0.8% | $121M-5.5% | $114M+2.7% | |
| Specialty Products | $135M0.0% | $124M+5.1% | $146M+7.4% | $148M+2.8% | $135M+3.8% | |
| Test & Measurement and Electronics | $164M+18.0% | $221M+9.4% | $177M-1.1% | $157M-1.3% | $139M-14.7% | |
| Welding | $163M+6.5% | $153M+10.1% | $156M+4.7% | $159M+3.9% | $153M-1.9% | |
| Variable cost of revenue by Business | ||||||
| Automotive OEM | $442M+1.6% | $446M+1.8% | $450M+4.4% | $459M+0.9% | $435M-4.8% | |
| Construction Products | $206M+3.0% | $194M-4.9% | $210M-5.0% | $210M-11.0% | $200M-12.7% | |
| Food Equipment | $298M+4.9% | $327M+3.5% | $317M+2.3% | $313M+1.3% | $284M-3.1% | |
| Polymers and Fluids | $210M+2.4% | $214M+3.9% | $208M-5.0% | $208M-3.3% | $205M-1.0% | |
| Specialty Products | $195M-3.0% | $208M+6.1% | $205M+1.5% | $207M+0.5% | $201M-4.3% | |
| Test & Measurement and Electronics | $309M+9.6% | $335M+4.4% | $297M+2.1% | $302M+4.5% | $282M-7.5% | |
| Welding | $227M+6.1% | $199M-2.0% | $211M+0.5% | $215M+2.9% | $214M-0.9% | |
| Depreciation and Amortization and Impairment of Goodwill and Intangible Assets by Business | ||||||
| Automotive OEM | $35M+9.4% | $35M+9.4% | $35M+2.9% | $34M+6.3% | $32M+3.2% | |
| Construction Products | $8M0.0% | $8M-11.1% | $8M-11.1% | $8M0.0% | $8M+14.3% | |
| Food Equipment | $10M0.0% | $10M-16.7% | $11M-8.3% | $10M-9.1% | $10M-9.1% | |
| Polymers and Fluids | $9M-10.0% | $10M-9.1% | $10M0.0% | $11M0.0% | $10M0.0% | |
| Specialty Products | $10M+11.1% | $10M+11.1% | $10M+11.1% | $9M0.0% | $9M-10.0% | |
| Test & Measurement and Electronics | $18M0.0% | $20M0.0% | $17M-19.0% | $18M-14.3% | $18M-10.0% | |
| Welding | $9M+12.5% | $10M+11.1% | $9M0.0% | $9M+28.6% | $8M0.0% |
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.
