Techtronic Industries (TTI), the parent company of Milwaukee Tool and Ryobi, posted record revenue of $15.3 billion for 2025 — a 4.4% gain year over year. The results, released March 3, 2026, show both brands growing steadily despite a turbulent tariff environment that forced the company to temporarily pause some promotional spending.
Milwaukee Grew 7.9% — Faster Than the Headline Number
Milwaukee Tool, the professional-grade division, grew 7.9% in local currency terms last year. Strip out the impact of discretionary promotion suspensions triggered by tariff uncertainty, and the underlying number jumps to 10.3% growth. That tells you demand for Milwaukee products didn’t soften — the company just chose to hold back discounting during a period of cost uncertainty rather than eat margin.
For buyers, that signals something important: Milwaukee isn’t a brand under pricing pressure. It’s growing at double-digit rates and generating enough cash to fund a $500 million share buyback. That kind of financial position lets them continue investing in R&D and platform expansion, which is why you keep seeing aggressive new product drops — from the M18 FUEL rotary hammers announced at World of Concrete in January to the new SHOCKSHIELD striking hand tools launching this month.
Ryobi: Solid, Steady Growth
Ryobi grew 5.4% for the second consecutive year at mid-single-digit rates. That’s a healthy pace for a consumer-focused brand competing in a crowded cordless market. Ryobi’s 2025 expansion into 80V outdoor equipment — including new riding mowers and a higher-capacity 14Ah battery pack — positions the brand well for the 2026 spring selling season.
What TTI Said About 2026
CEO Steven Richman called 2026 a “strong start” and guided for both Milwaukee and Ryobi to grow “mid-to-high single digits” this year. The company is also sitting on $700 million net cash with $1.4 billion in free cash flow — a balance sheet that can support continued platform investment without taking on debt.
For consumers, the practical takeaway is this: both brands are healthy businesses investing in new products. If you’ve been holding off on committing to a battery platform, you’re not betting on a brand that might scale back or exit categories. The M18 and ONE+ ecosystems are funded and growing.
Tariffs Remain a Wildcard
TTI’s results note the tariff disruptions explicitly. Milwaukee paused some promotional activity in response to import cost uncertainty — a sign that the pricing environment for 2026 could be uneven depending on how US trade policy evolves. If you’re considering committing to either platform, locking in at current pricing before any further tariff-driven increases is worth factoring into your timing.
Related Reading
- Milwaukee vs. DeWalt: Which Brand Wins in 2026? — full brand comparison including ecosystem depth, pricing, and retailer availability
- Best Cordless Tool Combo Kits 2026 — the best entry points into the Milwaukee M18 and Ryobi ONE+ systems
- Power Tool Battery Technology Explained — understanding the cell tech behind Milwaukee FORGE and Ryobi HP batteries
Source: TTI 2025 Annual Results — The Manila Times / PR Newswire, March 3, 2026
