Illinois Tool Works number of employees

Illinois Tool Works reported 43,000 employees at December 31, 2025 in its latest annual report, down 1,000 (2.3%) on the year before. That compares with 45,000 at December 31, 2021. Revenue per employee was $373,116.

Headcount by year

Fiscal year end	Employees	Change	Revenue per employee	Source
December 31, 2025	43,000	−1,000 (2.3%)	$373,116	10-K, filed February 13, 2026
December 31, 2024	44,000	−1,000 (2.2%)	$361,318	10-K, filed February 14, 2025
December 31, 2023	45,000	−1,000 (2.2%)	$357,933	10-K, filed February 9, 2024
December 31, 2022	46,000	+1,000 (2.2%)	$346,348	10-K, filed February 10, 2023
December 31, 2021	45,000	—	$321,222	10-K, filed February 11, 2022

What the annual reports say

Human Capital Management As of December 31, 2025, the Company employed approximately 43,000 people, with approximately 16,000 people located in the United States and the remainder in multiple other countries where the Company's businesses operate. 2025 annual report
Human Capital Management As of December 31, 2024, the Company employed approximately 44,000 people, with approximately 16,000 people located in the United States and the remainder in multiple other countries where the Company's businesses operate. 2024 annual report
Human Capital Management As of December 31, 2023, the Company employed approximately 45,000 people, with approximately 17,000 people located in the United States and the remainder in multiple other countries where the Company's businesses operate. 2023 annual report
Human Capital Management As of December 31, 2022, the Company employed approximately 46,000 people, with approximately 18,000 people located in the United States and the remainder in multiple other countries where the Company's businesses operate. 2022 annual report
Human Capital Management As of December 31, 2021, the Company employed approximately 45,000 people, with approximately 17,000 people located in the United States and the remainder in multiple other countries where the Company's businesses operate. 2021 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

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Figures from Illinois Tool Works's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Illinois Tool Works.