ILLINOIS TOOL WORKS INC R&D Expense 2008-2025 | ITW
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is ILLINOIS TOOL WORKS INC's current r&d expense?
ILLINOIS TOOL WORKS INC (ITW) annual r&d expense for 2025 was $302.0M, a 3.42% increase from 2024.
What was ILLINOIS TOOL WORKS INC's r&d expense in 2024?
ILLINOIS TOOL WORKS INC annual r&d expense for 2024 was $292.0M, a 2.82% increase from 2023.
What was ILLINOIS TOOL WORKS INC's r&d expense in 2023?
ILLINOIS TOOL WORKS INC annual r&d expense for 2023 was $284.0M, a 5.58% increase from 2022.
What is ILLINOIS TOOL WORKS INC's 5-year r&d expense CAGR?
ILLINOIS TOOL WORKS INC r&d expense grew at a compound annual growth rate (CAGR) of 7.13% from FY2020 to FY2025, going from $214.0M to $302.0M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+7.1%
FY2020
$214.0M
→
FY2025
$302.0M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $302.0M | +3.4% | 10-K |
| FY2024 | $292.0M | +2.8% | 10-K |
| FY2023 | $284.0M | +5.6% | 10-K |
| FY2022 | $269.0M | +12.6% | 10-K |
| FY2021 | $239.0M | +11.7% | 10-K |
| FY2020 | $214.0M | -3.2% | 10-K |
| FY2019 | $221.0M | -5.2% | 10-K |
| FY2018 | $233.0M | +3.6% | 10-K |
| FY2017 | $225.0M | +0.9% | 10-K |
| FY2016 | $223.0M | +2.3% | 10-K |
| FY2015 | $218.0M | -4.0% | 10-K |
| FY2014 | $227.0M | -5.4% | 10-K |
| FY2013 | $240.0M | +0.0% | 10-K |
| FY2012 | $240.0M | +8.6% | 10-K |
| FY2011 | $221.0M | +3.8% | 10-K |
| FY2010 | $213.0M | +11.0% | 10-K |
| FY2009 | $191.9M | -9.8% | 10-K |
| FY2008 | $212.7M | - | 10-K |
Company: ILLINOIS TOOL WORKS INCTicker: ITWSector: IndustrialIndustry: General Industrial Machinery & EquipmentView company profile →