Latest headcount
43,000
YoY change
-2.3%
Headcount CAGR
+2.6%
Revenue / employee
$373.1K
Employee count history for Illinois Tool Works
| Fiscal year | Employees |
|---|---|
| 1993 | 19,000 |
| 1994 | 19,500 |
| 1995 | 21,200 |
| 1996 | 12,000 |
| 1997 | 25,700 |
| 1998 | 29,200 |
| 2002 | 48,700 |
| 2003 | 47,500 |
| 2004 | 49,000 |
| 2005 | 50,000 |
| 2006 | 55,000 |
| 2007 | 60,000 |
| 2008 | 65,000 |
| 2009 | 59,000 |
| 2010 | 61,000 |
| 2011 | 65,000 |
| 2012 | 60,000 |
| 2013 | 51,000 |
| 2014 | 49,000 |
| 2015 | 48,000 |
| 2016 | 50,000 |
| 2017 | 50,000 |
| 2018 | 48,000 |
| 2019 | 45,000 |
| 2020 | 43,000 |
| 2021 | 45,000 |
| 2022 | 46,000 |
| 2023 | 45,000 |
| 2024 | 44,000 |
| 2025 | 43,000 |
Revenue per employee for Illinois Tool Works
Annual revenue divided by reported headcount, normalized to US dollars.
| Fiscal year | Revenue per employee (USD) |
|---|---|
| 1993 | $166.3K |
| 1994 | $177.5K |
| 1995 | $195.9K |
| 1996 | $416.4K |
| 1997 | $203.1K |
| 1998 | $193.4K |
| 2002 | $194.4K |
| 2003 | $211.3K |
| 2004 | $239.4K |
| 2005 | $258.4K |
| 2006 | $255.5K |
| 2007 | $269.5K |
| 2008 | $244.1K |
| 2009 | $235.2K |
| 2010 | $260.2K |
| 2011 | $273.6K |
| 2012 | $298.7K |
| 2013 | $277.2K |
| 2014 | $295.6K |
| 2015 | $279.3K |
| 2016 | $272K |
| 2017 | $286.3K |
| 2018 | $307.7K |
| 2019 | $313.5K |
| 2020 | $292.4K |
| 2021 | $321.2K |
| 2022 | $346.3K |
| 2023 | $357.9K |
| 2024 | $361.3K |
| 2025 | $373.1K |
Earnings per employee for Illinois Tool Works
Annual net income divided by reported headcount, normalized to US dollars; years with a net loss dip below zero.
| Fiscal year | Earnings per employee (USD) |
|---|---|
| 1993 | $10.9K |
| 1994 | $14.2K |
| 1995 | $18.3K |
| 1996 | $40.5K |
| 1997 | $22.8K |
| 1998 | $23K |
| 2002 | $14.6K |
| 2003 | $21.6K |
| 2004 | $27.3K |
| 2005 | $29.9K |
| 2006 | $31.2K |
| 2007 | $31.2K |
| 2008 | $23.4K |
| 2009 | $16.1K |
| 2010 | $25K |
| 2011 | $31.9K |
| 2012 | $47.8K |
| 2013 | $32.9K |
| 2014 | $60.1K |
| 2015 | $39.6K |
| 2016 | $40.7K |
| 2017 | $33.7K |
| 2018 | $53.4K |
| 2019 | $56K |
| 2020 | $49K |
| 2021 | $59.9K |
| 2022 | $66K |
| 2023 | $65.7K |
| 2024 | $79.3K |
| 2025 | $71.3K |
Employee count history for Illinois Tool Works (ITW)
Annual figures come from annual reports (10-K, or 20-F/40-F for foreign filers); interim rows reflect headcount disclosed in periodic filings. Year-over-year change compares each filing with the prior year's equivalent. Revenue and earnings per employee are annual figures normalized to US dollars.
- 202543,000-2.3%
- 202444,000-2.2%
- 202345,000-2.2%
- 202246,000+2.2%
- 202145,000+4.7%
- 202043,000-4.4%
- 201945,000-6.3%
- 201848,000-4.0%
- 201750,0000.0%
- 201650,000+4.2%
- 201548,000-2.0%
- 201449,000-3.9%
- 201351,000-15.0%
- 201260,000-7.7%
- 201165,000+6.6%
- 201061,000+3.4%
- 200959,000-9.2%
- 200865,000+8.3%
- 200760,000+9.1%
- 200655,000+10.0%
- 200550,000+2.0%
- 200449,000+3.2%
- 200347,500-2.5%
- 200248,700—
- 200152,000-6.0%
- 200055,300+4.7%
- 199952,800—
- 199829,200+13.6%
- 199725,700+114.2%
- 199612,000-43.4%
- 199521,200+8.7%
- 199419,500+2.6%
- 199319,000—
About Illinois Tool Works's employee count
Illinois Tool Works (ITW) employed 43,000 people in fiscal year 2025, based on its most recent annual report. That headcount shrank by -1,000 (-2.3%) from 44,000 a year earlier.
Across the 1993–2025 period, the company's reported workforce went from 19,000 to 43,000 employees — a compound annual growth rate (CAGR) of +2.6% per year.
Illinois Tool Works generated about $373.1K of revenue and $71.3K of net income per employee in its latest annual period. Revenue and earnings per employee gauge how efficiently a company turns headcount into output, and are most telling when tracked over time or compared with peers in the same industry.
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