Illinois Tool Works annual r&d spending
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Illinois Tool Works R&D Spending Growth & History (ITW)
Illinois Tool Works's r&d spending was $302.0M for fiscal 2025.
View full Illinois Tool Works company overviewIllinois Tool Works annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $302.0M | $10.0M | +3.42% |
| 2024 | 2024-12-31 | $292.0M | $8.0M | +2.82% |
| 2023 | 2023-12-31 | $284.0M | $15.0M | +5.58% |
| 2022 | 2022-12-31 | $269.0M | $30.0M | +12.55% |
| 2021 | 2021-12-31 | $239.0M | $25.0M | +11.68% |
| 2020 | 2020-12-31 | $214.0M | −$7.0M | −3.17% |
| 2019 | 2019-12-31 | $221.0M | −$12.0M | −5.15% |
| 2018 | 2018-12-31 | $233.0M | $8.0M | +3.56% |
| 2017 | 2017-12-31 | $225.0M | $2.0M | +0.90% |
| 2016 | 2016-12-31 | $223.0M | $5.0M | +2.29% |
| 2015 | 2015-12-31 | $218.0M | −$9.0M | −3.96% |
| 2014 | 2014-12-31 | $227.0M | −$13.0M | −5.42% |
| 2013 | 2013-12-31 | $240.0M | $0 | 0.00% |
| 2012 | 2012-12-31 | $240.0M | $19.0M | +8.60% |
| 2011 | 2011-12-31 | $221.0M | $8.0M | +3.76% |
| 2010 | 2010-12-31 | $213.0M | $21.1M | +11.02% |
| 2009 | 2009-12-31 | $191.9M | −$20.8M | −9.78% |
| 2008 | 2008-12-31 | $212.7M | — | — |
Illinois Tool Works r&d spending trends
Over the last five fiscal years, Illinois Tool Works's r&d spending increased from $214.0M to $302.0M, a change of $88.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Illinois Tool Works source filings ↗