Illinois Tool Works ITW Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Operating Revenue by Business | |||||
| Automotive OEM | $3.29B+3.1% | $3.19B— | —— | $2.97B+6.0% | |
| Construction Products | $1.82B-4.7% | $1.91B— | —— | $2.11B+8.6% | |
| Food Equipment | $2.7B+2.0% | $2.65B— | —— | $2.44B+17.6% | |
| Polymers and Fluids | $1.77B+0.1% | $1.76B— | —— | $1.91B+5.6% | |
| Polymers & Fluids | $1.77B+0.1% | $1.76B— | —— | $1.91B+5.6% | |
| Specialty Products | $1.78B+1.8% | $1.74B— | —— | $1.8B-3.0% | |
| Test & Measurement and Electronics | $2.83B+0.2% | $2.82B— | —— | $2.83B+20.5% | |
| Welding | $1.89B+2.1% | $1.85B— | —— | $1.89B+14.8% | |
| Operating Income by Business | |||||
| Automotive OEM | $693M+10.9% | $625M+11.4% | $561M+12.4% | $499M-8.4% | |
| Construction Products | $550M-1.6% | $559M-3.3% | $578M+5.5% | $548M+3.4% | |
| Food Equipment | $753M+4.7% | $719M+0.8% | $713M+15.4% | $618M+31.8% | |
| Polymers and Fluids | $493M+1.9% | $484M+0.4% | $482M+0.6% | $479M+4.8% | |
| Specialty Products | $553M+4.7% | $528M+17.6% | $449M-6.7% | $481M-4.6% | |
| Test & Measurement and Electronics | $694M-1.3% | $703M+2.5% | $686M+0.3% | $684M+6.4% | |
| Welding | $621M+4.0% | $597M-1.3% | $605M+3.8% | $583M+19.0% | |
| Variable cost of revenue by Business | |||||
| Automotive OEM | $1.79B+0.5% | $1.78B-4.7% | $1.87B+8.7% | $1.72B— | |
| Construction Products | $814M-8.5% | $890M-9.6% | $984M-11.0% | $1.11B— | |
| Food Equipment | $1.24B+1.1% | $1.23B+0.5% | $1.22B+1.5% | $1.2B— | |
| Polymers and Fluids | $835M-1.4% | $847M-3.4% | $877M-10.0% | $974M— | |
| Specialty Products | $821M+0.9% | $814M-2.3% | $833M-6.7% | $893M— | |
| Test & Measurement and Electronics | $1.22B+0.8% | $1.21B-4.8% | $1.27B-2.9% | $1.31B— | |
| Welding | $839M+0.1% | $838M-6.1% | $892M-4.7% | $936M— | |
| Acquisitions / divestitures by Business | |||||
| Automotive OEM | $0— | $0— | —— | $0— | |
| Construction Products | $0— | $0— | —— | $0— | |
| Food Equipment | $0— | $0— | —— | $0— | |
| Polymers And Fluids | $0— | $0— | —— | $0— | |
| Specialty Products | $0— | $0— | —— | $0— | |
| Testand Measurementand Electronics | $64M-9.9% | $71M— | —— | $58M-84.4% | |
| Welding | $0— | $0— | —— | $0— | |
| Depreciation and Amortization and Impairment of Goodwill and Intangible Assets by Business | |||||
| Automotive OEM | $136M+5.4% | $129M+4.9% | $123M+1.7% | $121M-5.5% | |
| Construction Products | $32M-3.0% | $33M0.0% | $33M+6.5% | $31M-3.1% | |
| Food Equipment | $41M-10.9% | $46M+12.2% | $41M+2.5% | $40M-4.8% | |
| Polymers and Fluids | $41M-2.4% | $42M-8.7% | $46M-19.3% | $57M-8.1% | |
| Specialty Products | $38M+2.7% | $37M-14.0% | $43M-10.4% | $48M-11.1% | |
| Test & Measurement and Electronics | $73M-11.0% | $82M+2.5% | $80M-8.0% | $87M+31.8% | |
| Welding | $36M+9.1% | $33M+13.8% | $29M+11.5% | $26M0.0% | |
| Goodwill, Foreign Currency Translation and Measurement Period Adjustments by Business | |||||
| Automotive OEM | $35M+267% | -$21M-400% | $7M+144% | -$16M0.0% | |
| Construction Products | $19M+206% | -$18M-700% | $3M+120% | -$15M-15.4% | |
| Food Equipment | $17M+289% | -$9M-550% | $2M+114% | -$14M-133% | |
| Specialty Products | $34M+236% | -$25M-292% | $13M+193% | -$14M+33.3% | |
| Testand Measurementand Electronics | $39M+250% | -$26M-533% | $6M+117% | -$36M-227% | |
| Welding | $14M+227% | -$11M-467% | $3M+130% | -$10M-11.1% | |
| Operating Revenue by Geography | |||||
| Asia Pacific | $3.08B+4.0% | $2.96B+0.9% | $2.94B-1.9% | $2.99B+6.7% | |
| Canada And Mexico | $1.09B-6.1% | $1.16B+0.9% | $1.15B+4.7% | $1.1B+16.5% | |
| EMEA | $4.16B+1.5% | $4.1B-1.1% | $4.15B+6.0% | $3.91B+1.1% | |
| North America | $8.48B-0.6% | $8.53B-2.2% | $8.72B+0.2% | $8.7B+15.8% | |
| South America | $323M+5.6% | $306M+1.0% | $303M-6.5% | $324M+22.3% |
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.
