Diversified industrial manufacturer
Illinois Tool Works Inc.
Illinois Tool Works sells automotive components, food equipment, test and measurement systems, welding consumables, and construction products to business customers. It spends on raw materials, enterprise software, and financing, while supplementing its test and measurement portfolio through acquisitions.
ITW Updated Sep 11, 2026 3 AI consumers· 2 recurring
Per the valuechain.wiki graph, Illinois Tool Works Inc. is directly linked to 3 companies (1 supply, 2 revenue relationships) and reaches 34 companies within two hops; the links are backed by 8 dated sources, 2 of them primary filings (as of 2026-09-11).
Annual return · 2026-09-04'21+23.6%'22-8.5%'23+21.6%'24-1%'25-0.4%YTD+11%
Illinois Tool Works Inc.US$16.044 billion in total revenue for FY2025
Financials & Segments
- Total revenue · US$16.044 billion in total revenue for FY2025 (SEC 10-K XBRL)
- Segments · Automotive OEM · Food Equipment · Test & Measurement and Electronics · Welding · Polymers & Fluids · Construction Products · Specialty Products
Revenue from
- Ford Motor Company Medium confidence
ITW supplies Ford with automotive components and fastening solutions. ITW's 2025 CDP response identifies ten ITW businesses supplying Ford but does not disclose the transaction value.Mentions EN Research and Markets Published May 14, 2026: Automotive Fastener Market Research Report 2026-2031Confirms EN Illinois Tool Works Published Sep 18, 2025: Illinois Tool Works Inc. 2025 CDP Corporate Questionnaire - Robert Bosch GmbH Medium confidence
ITW supplies automotive-related products to Robert Bosch. ITW's 2025 CDP response identifies ten ITW businesses supplying Bosch but does not disclose the transaction value.Confirms EN Illinois Tool Works Published Sep 18, 2025: Illinois Tool Works Inc. 2025 CDP Corporate Questionnaire - Fastenal Company Medium confidence
Illinois Tool Works maps ITW part numbers to Fastenal part numbers in a GRK product sheet from its construction fastener business, documenting Fastenal's sourcing of ITW-branded fasteners for distribution without disclosing purchase amounts.
Pays to
- ING Bank N.V., London Branch High confidence
ING Bank's London branch acts as agent for ITW's Euro Credit Agreement. ITW incurs interest and financing costs under the agreement, but the amount attributable to ING is not separately disclosed.Confirms EN SEC EDGAR Published Feb 13, 2026: Illinois Tool Works Inc. 2025 Annual Report on Form 10-K - Microsoft Medium confidence
ITW subsidiary Avery Weigh-Tronix adopted Microsoft Dynamics 365 and Power Platform for service operations and customer management. Software and implementation costs were not disclosed.Confirms EN Microsoft Customer Stories Published Jul 1, 2025: Avery Weigh-Tronix works with Sikich to expedite data entry and cut payment timelines by 97% with Microsoft Dynamics 365 and Power Platform
Investments
- MTS Test & Simulation High confidence· Contract value $750M · acquisition completed 2021-12-01 · Purchase price for the MTS Test & Simulation business
ITW acquired the MTS Test & Simulation business from Amphenol and placed it in the Test & Measurement and Electronics segment. The acquisition closed on December 1, 2021 for US$750 million.Mentions KO Mordor Intelligence Published Aug 17, 2026: Material Testing Market Size, Share and Growth Trends Report to 2031Confirms EN SEC EDGAR Published Feb 11, 2022: Illinois Tool Works Inc. 2021 Annual Report on Form 10-KConfirms EN Illinois Tool Works Investor Relations Published Dec 1, 2021: ITW Completes Acquisition of MTS Test & Simulation Business
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| United Rentals | lead2 | +43.3 | +7 | +63.6 | +24 | +15.9 | +25.5 |
| Ecolab Inc. | lead2 | +9.4 | -37.1 | +37.9 | +19.3 | +13.2 | +7 |
| Fastenal Company | lead1 | +34.1 | -24.3 | +41.3 | +13.5 | +14 | +25.6 |
| Ford Motor Company | lead1 | +137.5 | -42.2 | +15.8 | -13.1 | +42.3 | +15.3 |
| Illinois Tool Works Inc. | node | +23.6 | -8.5 | +21.6 | -1 | -0.4 | +11 |
| Microsoft | benef1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| Seagate Technology | benef2 | +87.5 | -51.4 | +69.1 | +4.1 | +225.3 | +209.1 |
| Western Digital | benef2 | +17.7 | -51.6 | +66 | +13.9 | +283.7 | +171.6 |
| Marvell | benef2 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +163.4 |
| Intel | benef2 | +6.1 | -46.6 | +94.6 | -59.6 | +84 | +159.6 |
| AMD | benef2 | +56.9 | -55 | +127.6 | -18.1 | +77.3 | +123 |
| Wiwynn | benef2 | +24.7 | -22.3 | +206.4 | +3.5 | +64.4 | +120.2 |
| Astera Labs | benef2 | · | · | · | · | +25.6 | +86.6 |
| Vertiv | benef2 | +33.8 | -45.3 | +251.8 | +136.8 | +42.8 | +73.2 |
| Arista Networks | benef2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +47.9 |
| Occidental Petroleum | benef2 | +67.7 | +119.1 | -4.1 | -15.9 | -14.9 | +47.4 |
| GE Vernova | benef2 | · | · | · | · | +99 | +44.4 |
| Caterpillar | benef2 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| Ciena | benef2 | +45.6 | -33.8 | -11.7 | +88.4 | +175.8 | +37.3 |
| Equinix | benef2 | +20.3 | -21.1 | +25.4 | +19.5 | -16.9 | +37.3 |
| Super Micro | benef2 | +38.8 | +86.8 | +246.2 | +7.2 | -4 | +35.3 |
| Eaton | benef2 | +46.7 | -7.2 | +56.2 | +39.5 | -2.8 | +30.1 |
| Quanta Computer | benef2 | +22.2 | -12.8 | +254.5 | +12.7 | +8.9 | +28.5 |
| NVIDIA | benef2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.7 |
| Schneider Electric | benef2 | +25.9 | +1.6 | +25.8 | +36.1 | +0.5 | +20.7 |
| Foxconn (Hon Hai) | benef2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +19.6 |
| Credo Technology | benef2 | · | · | +46.3 | +245.2 | +114.1 | +18.5 |
| IREN | benef2 | · | -92.3 | +472 | +37.3 | +284.6 | +18.3 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| Automatic Data Processing, Inc. | benef2 | +42.6 | -1.3 | -0.2 | +28.4 | -10.2 | +9.6 |
| 3M Company | benef2 | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| Brookfield Asset Management Ltd. | benef2 | · | · | +45.6 | +39.7 | -0.2 | -0.4 |
| IonQ | benef2 | · | -79.3 | +259.1 | +237.1 | +7.4 | -11.9 |
| Constellation Energy | benef2 | · | · | +37.2 | +92.7 | +58.8 | -15 |
| Take-Two Interactive Software, Inc. | benef2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.1 |
YTD as of 2026-09-04 · source: Yahoo Finance
Illinois Tool Works Inc. operates across Diversified industrial manufacturer. It is +11% in 2026. The stock (+11%) and its supply side (avg +4%) are moving in step. It spends on raw materials, enterprise software, and financing, while supplementing its test and measurement portfolio through acquisitions.
Analysis generated from returns as of 2026-09-04