Illinois Tool Works Inc. (ITW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ITW Revenue Growth
Revenue Breakdown (FY 2025)
ITW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ITW Revenue Analysis (2014–2025)
As of May 8, 2026, Illinois Tool Works Inc. (ITW) generated trailing twelve-month (TTM) revenue of $16.22 billion, reflecting modest growth of +4.6% year-over-year. The most recent quarter (Q1 2026) recorded $4.02 billion in revenue, down 1.9% sequentially.
Looking at the longer-term picture, ITW's 5-year compound annual growth rate (CAGR) stands at +5.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $16.11 billion in 2023.
Revenue diversification analysis shows ITW's business is primarily driven by Automotive OEM Segment (20%), Test and Measurement and Electronics Segment (18%), and Food Equipment Segment (17%).
When compared to Industrials sector peers including EMR (+4.0% YoY), ETN (+12.7% YoY), and HON (-6.3% YoY), ITW has underperformed the peer group in terms of revenue growth. Compare ITW vs EMR →
ITW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ITWCurrent | $16.2B | +4.6% | +5.0% | 26.3% | |
 EMR | $18.0B | +4.0% | +1.4% | 19.6% | |
 ETN | $27.4B | +12.7% | +9.0% | 19.1% | |
 HON | $37.4B | -6.3% | +2.8% | 17.5% | |
 ROK | $8.3B | +10.5% | +5.7% | 17.1% | |
 PH | $19.9B | +6.0% | +7.7% | 20.5% |
ITW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $16.04B | +0.9% | $7.08B | 44.1% | $4.22B | 26.3% |
| 2024 | $15.90B | -1.3% | $6.94B | 43.6% | $4.26B | 26.8% |
| 2023 | $16.11B | +1.1% | $6.68B | 41.5% | $4.04B | 25.1% |
| 2022 | $15.93B | +10.2% | $6.37B | 40.0% | $3.79B | 23.8% |
| 2021 | $14.46B | +15.0% | $5.83B | 40.4% | $3.48B | 24.1% |
| 2020 | $12.57B | -10.9% | $5.04B | 40.1% | $2.88B | 22.9% |
| 2019 | $14.11B | -4.5% | $5.76B | 40.8% | $3.40B | 24.1% |
| 2018 | $14.77B | +3.2% | $5.97B | 40.5% | $3.58B | 24.3% |
| 2017 | $14.31B | +5.3% | $5.80B | 40.5% | $3.49B | 24.4% |
| 2016 | $13.60B | +1.4% | $5.48B | 40.3% | $3.06B | 22.5% |
Full ITW Stock Analysis
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Start ComparisonITW — Frequently Asked Questions
Quick answers to the most common questions about buying ITW stock.
Is ITW's revenue growth accelerating or slowing?
ITW revenue growth slowed to +4.6%, below the 5-year CAGR of +5.0%. TTM revenue is $16.2B. The deceleration marks a shift from historical growth rates.
What is ITW's long-term revenue growth rate?
Illinois Tool Works Inc.'s 5-year revenue CAGR of +5.0% reflects the variable expansion pattern. Current YoY growth of +4.6% is near this long-term average.
How is ITW's revenue distributed by segment?
ITW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.