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Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
ILLINOIS TOOL WORKS INC’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.
CAGR 2.6% (FY2021 to FY2025)
CAGR 9.2% (FY2021 to FY2025)
CAGR 4.9% (FY2021 to FY2025)
CAGR 3.3% (FY2021 to FY2025)
Change vs FY2021: +1163 bps
Change vs FY2021: +222 bps
Change vs FY2021: +47 bps
Profitability profile tracked across FY2021 through FY2025.
Side-by-side read of gross, operating, and net margin.
Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.
FY2025 versus FY2024
FY2025 versus FY2024
FY2025 versus FY2024
FY2025 versus FY2024
Negative values are highlighted to make slowdowns obvious.
The most direct way to see whether the business is accelerating or rolling over.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Compounded annual growth across FY2021 to FY2025.
Over the five-year period, Illinois Tool Works Inc. has demonstrated steady, albeit moderate, growth across key income statement metrics. Revenue increased gradually from USD 14,455 million in 2021 to USD 16,044 million in 2025, reflecting a consistent upward trend without any abrupt, significant jumps. Gross profit similarly trended upward, rising from USD 5,966 million in 2021 to USD 8,488 million in 2025. Margins appear relatively stable across this period, indicating efficient cost management even as the business scales. Operating income experienced modest fluctuations, starting at USD 3,477 million in 2021, peaking slightly in 2024 at USD 4,264 million, then settling at USD 4,216 million in 2025. Net income mirrored these trends, with a low of USD 2,694 million in 2021 and reaching USD 3,488 million in 2024 before slightly tapering to USD 3,066 million in 2025. There were no drastic year-over-year swings exceeding 20%, suggesting a mature company with well-managed operations in a stable industrial sector. The incremental growth rates and minor fluctuations point to a steady operating environment, where both market volatility and operational changes have been largely absorbed by scale and efficient management practices. Given that Illinois Tool Works Inc. operates in the diversified industrial and manufacturing space, such stability is encouraging, particularly in the context of cyclical industry trends. Overall, the company’s performance indicates sound financial health and sustainability, with consistent revenue generation and effective cost control, which should position it well to weather moderate economic variations and continue its long-term growth trajectory.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.