Illinois Tool Works ITW Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Operating Revenue by Business | ||||||
| Automotive OEM | $3.32B+5.2% | $3.29B+3.1% | $3.25B+0.9% | $3.19B-1.7% | $3.16B— | |
| Construction Products | $1.84B-1.6% | $1.82B-4.7% | $1.83B-5.3% | $1.83B-7.1% | $1.86B— | |
| Food Equipment | $2.71B+2.5% | $2.7B+2.0% | $2.67B+1.6% | $2.66B+1.0% | $2.64B— | |
| Polymers and Fluids | $1.79B+1.5% | $1.77B+0.1% | $1.74B— | $1.75B— | $1.76B— | |
| Polymers & Fluids | $1.79B+1.5% | $1.77B+0.1% | $1.74B-2.0% | $1.75B-2.2% | $1.76B— | |
| Specialty Products | $1.77B+1.9% | $1.78B+1.8% | $1.76B-0.3% | $1.74B+0.2% | $1.74B— | |
| Test & Measurement and Electronics | $2.89B+4.1% | $2.83B+0.2% | $2.78B-0.7% | $2.78B-0.7% | $2.77B— | |
| Welding | $1.93B+4.2% | $1.89B+2.1% | $1.88B+1.1% | $1.86B-0.1% | $1.85B— | |
| Operating Income by Business | ||||||
| Automotive OEM | $715M+16.4% | $693M+10.9% | $669M+9.8% | $637M+6.3% | $614M+5.4% | |
| Construction Products | $555M+1.6% | $550M-1.6% | $547M-5.8% | $543M-6.4% | $546M-5.3% | |
| Food Equipment | $744M+3.2% | $753M+4.7% | $739M+3.3% | $730M+4.2% | $721M+3.2% | |
| Polymers and Fluids | $505M+3.7% | $493M+1.9% | $481M-0.7% | $480M0.0% | $487M+3.1% | |
| Specialty Products | $553M+3.8% | $553M+4.7% | $547M+4.7% | $537M+7.7% | $533M+14.2% | |
| Test & Measurement and Electronics | $719M+5.9% | $694M-1.3% | $675M+0.4% | $677M+1.8% | $679M+0.2% | |
| Welding | $631M+6.2% | $621M+4.0% | $607M-0.4% | $600M-1.9% | $594M-2.6% | |
| Variable cost of revenue by Business | ||||||
| Automotive OEM | $1.8B+2.2% | $1.79B+0.5% | $1.78B-1.6% | $1.76B-4.5% | $1.76B-5.4% | |
| Construction Products | $820M-4.8% | $814M-8.5% | $824M-11.6% | $835M-12.7% | $861M-11.0% | |
| Food Equipment | $1.26B+3.0% | $1.24B+1.1% | $1.23B+1.0% | $1.22B+0.8% | $1.22B+0.8% | |
| Polymers and Fluids | $840M-0.6% | $835M-1.4% | $827M-3.9% | $838M-2.6% | $845M-2.3% | |
| Specialty Products | $815M+1.2% | $821M+0.9% | $809M-2.1% | $806M-3.2% | $805M-3.6% | |
| Test & Measurement and Electronics | $1.24B+5.1% | $1.22B+0.8% | $1.2B0.0% | $1.2B-2.6% | $1.18B-5.8% | |
| Welding | $852M+1.9% | $839M+0.1% | $843M-1.7% | $842M-3.3% | $836M-5.5% | |
| Depreciation and Amortization and Impairment of Goodwill and Intangible Assets by Business | ||||||
| Automotive OEM | $139M+6.9% | $136M+5.4% | $133M+4.1% | $132M+6.0% | $130M+5.5% | |
| Construction Products | $32M-5.9% | $32M-3.0% | $33M+2.3% | $34M+7.9% | $34M+7.1% | |
| Food Equipment | $41M-8.9% | $41M-10.9% | $43M-2.8% | $44M+3.5% | $45M+7.8% | |
| Polymers and Fluids | $40M-4.8% | $41M-2.4% | $42M-1.2% | $42M-4.5% | $42M-5.6% | |
| Specialty Products | $39M+8.3% | $38M+2.7% | $37M-4.5% | $36M-11.1% | $36M-14.8% | |
| Test & Measurement and Electronics | $73M-8.8% | $73M-11.0% | $73M-11.0% | $77M-4.9% | $80M0.0% | |
| Welding | $37M+12.1% | $36M+9.1% | $35M+12.0% | $35M+18.6% | $33M+10.9% |
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.
