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Companies / Industrials / Illinois Tool Works
ITW

Illinois Tool Works

IndustrialsIndustrial MachineryS&P 500
Ticker ITWGLENVIEW, ILFiscal year ends DecemberBook value per share $10.05Diluted shares 288.1M

Illinois Tool Works Inc. (NYSE: ITW) is a global manufacturer of industrial products and equipment, serving customers across automotive, food service, electronics, construction, energy and other markets. Its seven reportable segments are Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding,… From the company’s description.

In fiscal 2025, Illinois Tool Works reported revenue of $16.04B, up 0.9% from fiscal 2024, and net income of $3.07B. Its operating margin was 26.3%, and operations generated $3.13B in cash. Over the twelve months to Jun 30, 2026, revenue was $16.47B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$16.04BFY2025
+0.9% year over year
Last 12 mo $16.47B
26.28%FY2025
−0.5 percentage points
Last 12 mo 26.50%
$3.07BFY2025
−12.1% year over year
Last 12 mo $3.19B
95.07%FY2025
−10.1 percentage points
Last 12 mo 110.37%
Cash & financing
$3.13BFY2025
−4.7% year over year
Last 12 mo $3.33B
$2.71BFY2025
−4.8% year over year
Last 12 mo $2.92B
2.78FY2025
Was 2.37× a year earlier
Last 12 mo 3.35
292.3MFY2025
−1.8% year over year
Last 12 mo 288.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Illinois Tool Works does

In the company’s own words

Illinois Tool Works Inc. (NYSE: ITW) is a global manufacturer of industrial products and equipment, serving customers across automotive, food service, electronics, construction, energy and other markets. Its seven reportable segments are Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. Offerings include automotive components and fasteners; commercial cooking, refrigeration and warewashing equipment; testing and electronic manufacturing systems; welding equipment and consumables; adhesives, sealants and industrial fluids; construction fastening systems; and beverage packaging, coding and marking equipment. Customers include manufacturers, distributors, restaurants and food retailers, construction businesses, and industrial maintenance and repair operations. Products are sold primarily directly to industrial manufacturers and through independent distributors. The company has 88 divisions operating in 49 countries and employed approximately 43,000 people as of December 31, 2025. Significant brands include Hobart, Instron, MTS, Miller, Rain-X, Permatex and Paslode. Founded in 1912, ITW is organized around a decentralized operating structure. Its website is www.itw.com.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
GLENVIEW, IL
Fiscal year end
December
CIK
49826
SIC
3560

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.65B$3.29B$8.23B$13.18B$18.12B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Illinois Tool Works — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

705
funds hold it
1 of 35
superinvestors hold it
$18.36B
held by funds, at market
24.5%
of shares held by funds
8
bond issues held by funds

Superinvestors in Illinois Tool Works · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.7%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Illinois Tool Works’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.10%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.11%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.11%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.10%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Illinois Tool Works’s bonds, as funds hold them

Funds report holding 8 issues of Illinois Tool Works’s debt, $195.34M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.30%, maturing 2026 to 2042.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Illinois Tool Works and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Illinois Tool Works's earnings go — cash, debt, buybacks, reinvestment?”
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