Illinois Tool Works IncITW
What Illinois Tool Works Inc does.
Illinois Tool Works Inc. (the "Company" or "ITW") was founded in 1912 and incorporated in 1915. The Company's ticker symbol is ITW. The Company is a global manufacturer of a diversified range of industrial products and equipment with 88 divisions in 49 countries. As of December 31, 2025, the Company employed approximately 43,000 people.
The Company's operations are organized and managed based on similar product offerings and end markets, and are reported to senior management as the following seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The following is a description of the Company's seven segments:
Automotive OEM — This segment is a global, niche supplier to top tier OEMs, providing unique innovation to address pain points for sophisticated customers with complex problems. Businesses in this segment produce components and fasteners for automotive-related applications. This segment primarily serves the automotive original equipment manufacturers and tiers market. Products in this segment include:
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $12.6B | $14.5B | $15.9B | $16.1B | $15.9B | $16.0B |
| Net income | $2.1B | $2.7B | $3.0B | $3.0B | $3.5B | $3.1B |
| Free cash flow | $2.6B | $2.3B | $1.9B | $3.1B | $2.8B | $2.7B |
More on ITW.
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Figures from Illinois Tool Works Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.