Operating Income for Illinois Tool Works (ITW)
According to Illinois Tool Works's latest reported financial statements, the company's current operating income (TTM) is $4.22B USD. 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.22B
YoY change
-1.1%
5Y CAGR
+7.9%
Peak year (2024)
$4.26B
Cumulative operating income
$79.34B
Operating Income history chart for Illinois Tool Works (ITW) from 1985 to 2025
Operating Income history table for Illinois Tool Works (ITW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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 the latest reading among the more recent periods of the dataset.
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 (ITW) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $8.59B.
Illinois Tool Works Operating Income by Year
Illinois Tool Works Operating Income 2025: $4.22B
Illinois Tool Works operating income in 2025 was $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
Illinois Tool Works operating income in 2023 was $4.04B, grew 6.6% from 2022.
Illinois Tool Works Operating Income 2022: $3.79B
Illinois Tool Works operating income in 2022 was $3.79B, 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 — Operating Income
Companies in the same sector as Illinois Tool Works, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Illinois Tool Works's operating income?
- Latest reported operating income for Illinois Tool Works (ITW) is $4.22B (period ending December 31, 2025).
How has Illinois Tool Works operating income changed year-over-year?
- Illinois Tool Works (ITW) operating income changed -1.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Illinois Tool Works operating income?
- Illinois Tool Works (ITW) operating income compound annual growth rate is +7.9% over the most recent 5 years available.
When did Illinois Tool Works operating income hit its highest annual value?
- Illinois Tool Works operating income reached its highest annual value of $4.26B in 2024.
What was Illinois Tool Works operating income in 2024?
- Illinois Tool Works (ITW) operating income in 2024 was $4.26B.
What was Illinois Tool Works operating income in 2025?
- Illinois Tool Works (ITW) operating income in 2025 was $4.22B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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