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Operating Income for Illinois Tool Works (ITW)

Latest filings through · Reported

Metric

TTM

$4.29B

YoY change

-1.1%

5Y CAGR

+7.9%

Peak year (2024)

$4.26B

Operating Income history chart for Illinois Tool Works (ITW) from 1985 to 2025

Latest: $4.22B

Operating Income growth chart for Illinois Tool Works (ITW) from 1985 to 2025

Latest: -1.1%

Operating Income history table for Illinois Tool Works (ITW) from 1985 to 2025

  • 2025$4.22B-1.1%
  • 2024$4.26B+5.5%
  • 2023$4.04B+6.6%
  • 2022$3.79B+9.0%
  • 2021$3.48B+20.6%
  • 2020$2.88B-15.3%
  • 2019$3.40B-5.1%
  • 2018$3.58B+2.6%
  • 2017$3.49B+14.0%
  • 2016$3.06B+6.9%
  • 2015$2.87B-0.7%
  • 2014$2.89B+14.9%
  • 2013$2.51B-11.7%
  • 2012$2.85B+4.2%
  • 2011$2.73B+15.9%
  • 2010$2.36B+70.0%
  • 2009$1.39B-40.7%
  • 2008$2.34B-10.9%
  • 2007$2.62B+8.4%
  • 2006$2.42B+7.2%
  • 2005$2.26B+9.9%
  • 2004$2.06B+25.9%
  • 2003$1.63B+8.5%
  • 2002$1.51B+15.3%
  • 2001$1.31B-16.5%
  • 2000$1.56B+5.2%
  • 1999$1.49B+37.7%
  • 1998$1.08B+16.4%
  • 1997$927.10M+15.8%
  • 1996$800.60M+27.8%
  • 1995$626.50M+27.4%
  • 1994$491.80M+29.9%
  • 1993$378.50M+4.4%
  • 1992$362.40M+12.2%
  • 1991$322.90M-6.3%
  • 1990$344.70M+13.7%
  • 1989$303.10M+11.1%
  • 1988$272.70M+13.8%
  • 1987$239.70M+110.3%
  • 1986$114.00M+39.0%
  • 1985$82.00M—

Operating Income values are taken from Illinois Tool Works's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Income at Illinois Tool Works (ITW)

According to Illinois Tool Works's latest reported financial statements, the company's current operating income (TTM) is $4.29B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

2025's annual operating income for Illinois Tool Works (ITW) came in at $4.22B – edged down 1.1% year-over-year.

Across 2020–2025 (5 years), Illinois Tool Works operating income produced a CAGR of +7.9% – with mixed annual results across the window.

Illinois Tool Works operating income peaked at $4.26B in 2024; the latest annual figure is $4.22B in 2025 (1.1% below peak).

The highest annual operating income of $4.26B was reported in 2024. The lowest in the available history was $82.00M in 1985.

Illinois Tool Works Operating Income by Year

Illinois Tool Works Operating Income 2025: $4.22B

In 2025, Illinois Tool Works reported operating income of $4.22B, edged down 1.1% below 2024.

Illinois Tool Works Operating Income 2024: $4.26B

Illinois Tool Works operating income in 2024 was $4.26B, grew 5.5% from 2023. This figure represents the highest annual value in the available history.

Illinois Tool Works Operating Income 2023: $4.04B

2023's operating income for Illinois Tool Works came in at $4.04B, grew 6.6% from 2022.

Illinois Tool Works Operating Income 2022: $3.79B

Illinois Tool Works posted operating income of $3.79B in 2022, grew 9.0% from 2021.

Illinois Tool Works Operating Income 2021: $3.48B

Illinois Tool Works operating income in 2021 was $3.48B.

See more financial history for Illinois Tool Works (ITW).

Sector peers by Operating Income

Industrials peers of Illinois Tool Works (ITW), ranked by their latest operating income

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