I
ITW
ITWReviewed7 segments tracked|11 years of data|Annual (10-K)
Total Revenue
$15.9B1.3%
FY2024
Operating Segments
7Active segments
Blended Margin
26.5%Operating margin
Highest Margin
32.3%Welding
Segment Shift
Welding has grown from 14.2% to 11.6% of total revenue since FY2014, with 32.3% operating margins. Meanwhile, Specialty Products is the fastest growing at +2.7% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2024
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Automotive OEM | $3.2B | $625M | 19.6% | 20.0% | -1.5% |
| Testand Measurementand Electronics | $2.8B | $703M | 24.9% | 17.7% | -0.5% |
| Food Equipment | $2.6B | $719M | 27.2% | 16.6% | +1.0% |
| Construction Products | $1.9B | $559M | 29.3% | 12.0% | -6.1% |
| Welding | $1.9B | $597M | 32.3% | 11.6% | -2.7% |
| Polymers And Fluids | $1.8B | $484M | 27.4% | 11.1% | -2.2% |
| Specialty Products | $1.7B | $528M | 30.3% | 10.9% | +2.7% |
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