Illinois Tool Works ITW · USD
Industrials · Machinery · US listing · 🇺🇸 United States
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+2.06%
Close of 9 Nov 2026, in USD
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About Illinois Tool Works
From its filings with the US Securities and Exchange Commission
Illinois Tool Works is based in Glenview, Illinois and is incorporated in Delaware. Its shares trade on NYSE under the ticker ITW. It is a member of the S&P 500. The SEC classifies its business as general industrial machinery & equipment. In the fiscal year to 31 December 2025, it reported revenue of $16.04bn and net income of $3.07bn. At that date it held total assets of $16.15bn and shareholders' equity of $3.23bn.
Illinois Tool Works Inc. (the "Company" or "ITW") was founded in 1912 and incorporated in 1915. The Company's ticker symbol is ITW. The Company is a global manufacturer of a diversified range of industrial products and equipment with 88 divisions in 49 countries. As of December 31, 2025, the Company employed approximately 43,000 people.
The information set forth below is applicable to all segments of the Company unless otherwise noted.
In late 2012, ITW began its strategic framework transitioning the Company to fully leverage the unique and powerful set of capabilities and operating practices of the ITW Business Model. The Company undertook a complete review of its performance, focusing on its businesses delivering consistent above-market growth with best-in-class margins and returns, and developing a strategy to replicate that performance across its operations. ITW determined that solid and consistent above-market organic growth is the core growth engine to deliver world-class financial performance and compelling long-term returns for its shareholders.
Key initiatives in the Company's enterprise strategy included portfolio management, business structure simplification, strategic sourcing and the diligent re-application of ITW's proprietary 80/20 Front-to-Back process.
Quoted from its 10-K, filed 13 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 13 Mar 1973
- Employees
- 43,000
- Website
- itw.com ↗
- Head office
- 155 HARLEM AVENUE, GLENVIEW, IL, 60025
- Incorporated in
- DE
- Classification
- General Industrial Machinery & Equipment
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Ernest SantiNon-Executive Chairman of the Board, since 2004$4.8m
- Mr. Christopher O'HerlihyPresident, Chief Executive Officer, Director, since 2010$10.9m
- Mr. Michael LarsenChief Financial Officer, Senior Vice President$6.0m
- Ms. Mary LawlerChief Human Resources Officer, Senior Vice President$2.9m
- Mr. Axel BeckExecutive Vice President$2.6m
- Mr. Javier CarbonellExecutive Vice President
- Mr. T. Kenneth EscoeExecutive Vice President$2.7m
- Ms. Patricia HartzellExecutive Vice President
- Mr. Guilherme SilvaExecutive Vice President
- Ms. Sharon SzafranskiExecutive Vice President
- Mr. Mark ThibeaultExecutive Vice President
- Ms. Jennifer SchottSenior Vice President, General Counsel and Secretary
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 84
- Environment
- 78
- Social
- 99
- Governance
- 74
- Direct emissions (scope 1)
- 128,092 t
- Energy emissions (scope 2)
- 381,425 t
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Illinois Tool Works Inc. (ITW) is recognized for its strong market position and diversified product portfolio. With over 100 years of experience, ITW has developed a reputation for manufacturing high-quality industrial products.
- The company's strong financial performance and global presence are key strengths. ITW operates in various industries, such as automotive, construction, and food equipment, allowing it to benefit from different market trends and customer demands.
- ITW's commitment to innovation and continuous improvement helps it stay ahead in the market. The company invests in research and development to develop new products and technologies, giving it a competitive edge.
Weaknesses
- ITW faces challenges in adapting to changing market conditions due to its large size and complex organizational structure. Decision-making processes may become slow and hinder the company's ability to respond swiftly to market demands.
- The company's heavy reliance on external suppliers may pose risks in terms of supply chain disruptions or fluctuations in raw material prices. This vulnerability could impact ITW's manufacturing operations and profitability.
- ITW could benefit from enhancing its digital capabilities to remain competitive in the rapidly evolving technological landscape. A stronger focus on digitalization and automation could lead to increased operational efficiency.
Opportunities
- The growing global demand for sustainable solutions presents an opportunity for ITW to develop and market eco-friendly products. By capitalizing on the shift towards sustainability, the company can attract environmentally conscious customers and gain a competitive advantage.
- Expanding into emerging markets offers potential for ITW's growth and diversification. Developing economies often have a rising middle class and increasing industrialization, creating demand for ITW's products in areas with untapped market potential.
- Collaboration with other companies and strategic partnerships can provide ITW with access to complementary technologies and new markets. By leveraging synergies and shared expertise, ITW can enhance its product offerings and market reach.
Threats
- Intense competition within the industrial sector poses a threat to ITW's market share and profitability. Rapid technological advancements and the entry of new competitors can erode ITW's position if it fails to keep pace with industry developments.
- Economic downturns and fluctuations in the global economy can impact ITW's business. Reduced consumer spending and lower demand for industrial products during recessions can lead to declining sales and revenue.
- Changes in government regulations and policies, such as trade restrictions or environmental regulations, can influence ITW's operations and increase compliance costs. Adapting to evolving legal requirements is crucial to mitigating potential risks.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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