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Illinois Tool Works Inc. (ITW) Gross Margin

Annual Gross Margin:

43.65%+2.19%(+5.28%)
December 31, 2024

Summary

  • As of today, ITW annual gross profit margin is 43.65%, with the most recent change of +2.19% (+5.28%) on December 31, 2024.
  • During the last 3 years, ITW annual gross margin has risen by +3.30% (+8.18%).
  • ITW annual gross margin is now at all-time high.

Performance

1-Year Change

+5.28%

3-Year Change

+8.18%

5-Year Change

+6.85%

15-Year Change

+7.75%

ITW Gross Margin Chart

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Highlights

Sector Percentile

83.43%
ITW annual gross profit margin is higher than 83.43% of companies in Industrials sector

Range

All-Time High

43.65%
ITW annual gross profit margin is currently at an all-time high

3-Year Low

39.98%
ITW annual gross profit margin is currently +9.18% above its 3-year low

Earnings dates

Last Annual Earnings Report Date

Dec 31, 2024
ITW previous annual earnings announcement was published on Dec 31, 2024

Next Annual Earnings Report Date

Feb 4, 2026
ITW next annual earnings announcement is scheduled for Feb 4, 2026

OtherITWprofitability metrics

Annual Revenue

$15.90B
ITW annual revenue is $15.90 billion

Annual Gross Profit

$6.94B
ITW annual gross profit is $6.94 billion

Annual Operating Margin

-29.53%
ITW annual operating profit margin is -29.53%

Annual Net Margin

21.94%
ITW annual net profit margin is 21.94%

Quarterly Gross Margin:

44.05%+0.60%(+1.38%)
September 30, 2025

Summary

  • As of today, ITW quarterly gross profit margin is 44.05%, with the most recent change of +0.60% (+1.38%) on September 30, 2025.
  • Over the past year, ITW quarterly gross margin has increased by +0.93% (+2.16%).
  • ITW quarterly gross margin is now -2.93% below its all-time high of 45.38%, reached on March 31, 2024.

Performance

3-Month Change

+1.38%

1-Year Change

+2.16%

3-Year Change

+9.96%

5-Year Change

+7.99%

ITW Quarterly Gross Margin Chart

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Highlights

Sector Percentile

85.12%
ITW quarterly gross profit margin is higher than 85.12% of companies in Industrials sector

Range

All-Time High

45.38%
ITW quarterly gross profit margin is currently -2.93% below its historical high of 45.38%

3-Year Low

40.06%
ITW quarterly gross profit margin is currently +9.96% above its 3-year low

Earnings dates

Last Quarterly Earnings Report Date

Sep 30, 2025
ITW previous earnings announcement was published on Sep 30, 2025

Next Quarterly Earnings Report Date

Feb 4, 2026
ITW next earnings announcement is scheduled for Feb 4, 2026

OtherITWprofitability metrics

Quarterly Revenue

$4.06B
ITW quarterly revenue is $4.06 billion

Quarterly Gross Profit

$1.79B
ITW quarterly gross profit is $1.79 billion

Quarterly Operating Margin

27.40%
ITW quarterly operating profit margin is 27.40%

Quarterly Net Margin

20.23%
ITW quarterly net profit margin is 20.23%

Gross Margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

Annual Gross Margin

43.65%
ITW annual gross profit margin is 43.65%

Annual Gross Profit

$6.94B
ITW annual gross profit is $6.94 billion

Annual Revenue

$15.90B
ITW annual revenue is $15.90 billion

ITW Gross Margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1Y1 Year+5.3%+2.2%
3Y3 Years+8.2%+10.0%
5Y5 Years+6.8%+8.0%

ITW Gross Margin Highs & Lows

PeriodPeriodAnnual vs HighAnnual vs HighAnnual vs LowAnnual vs LowQuarter. vs HighQuarter. vs HighQuarter. vs LowQuarter. vs Low
3Y3-Yearat high+9.2%-2.9%+10.0%
5Y5-Yearat high+9.2%-2.9%+12.2%
All-TimeAll-Timeat high+39.6%-2.9%+49.9%

ITW Gross Margin History

DateAnnualQuarterly
Sep 2025
-
44.05%(+1.4%)
Jun 2025
-
43.45%(+0.7%)
Mar 2025
-
43.16%(+0.7%)
Dec 2024
43.65%(+5.3%)
42.88%(-0.6%)
Sep 2024
-
43.12%(-0.2%)
Jun 2024
-
43.21%(-4.8%)
Mar 2024
-
45.38%(+9.8%)
Dec 2023
41.46%(+3.7%)
41.33%(-1.1%)
Sep 2023
-
41.80%(+0.2%)
Jun 2023
-
41.73%(+1.8%)
Mar 2023
-
40.98%(-0.2%)
Dec 2022
39.98%(-0.9%)
41.05%(+2.5%)
Sep 2022
-
40.06%(+1.4%)
Jun 2022
-
39.52%(+0.6%)
Mar 2022
-
39.27%(-0.7%)
Dec 2021
40.35%(+0.6%)
39.55%(-1.4%)
Sep 2021
-
40.10%(-0.5%)
Jun 2021
-
40.29%(-2.9%)
Mar 2021
-
41.51%(+0.2%)
Dec 2020
40.12%(-1.8%)
41.44%(+1.6%)
Sep 2020
-
40.79%(+11.8%)
Jun 2020
-
36.47%(-10.9%)
Mar 2020
-
40.92%(+0.7%)
Dec 2019
40.85%(+1.0%)
40.65%(-1.4%)
Sep 2019
-
41.22%(+1.3%)
Jun 2019
-
40.70%(-0.3%)
Mar 2019
-
40.82%(+1.6%)
Dec 2018
40.46%(-0.1%)
40.17%(-1.3%)
Sep 2018
-
40.69%(+0.4%)
Jun 2018
-
40.51%(+0.1%)
Mar 2018
-
40.46%(+0.9%)
Dec 2017
40.51%(+0.5%)
40.09%(-1.4%)
Sep 2017
-
40.66%(+0.2%)
Jun 2017
-
40.57%(-0.4%)
Mar 2017
-
40.74%(+3.4%)
Dec 2016
40.29%(+2.2%)
39.39%(-2.5%)
Sep 2016
-
40.40%(-1.6%)
Jun 2016
-
41.07%(+1.9%)
Mar 2016
-
40.29%(+3.3%)
Dec 2015
39.43%(+2.5%)
38.99%(-2.7%)
Sep 2015
-
40.07%(+1.8%)
Jun 2015
-
39.37%(+0.2%)
Mar 2015
-
39.29%(+3.5%)
Dec 2014
38.45%(+2.0%)
37.96%(-3.3%)
Sep 2014
-
39.27%(+1.4%)
Jun 2014
-
38.72%(+2.4%)
Mar 2014
-
37.80%(+2.0%)
Dec 2013
37.71%(+9.4%)
37.06%(-2.5%)
Sep 2013
-
38.00%(+4.5%)
Jun 2013
-
36.38%(+1.4%)
Mar 2013
-
35.89%(+6.3%)
Dec 2012
34.48%(+2.0%)
33.76%(-3.6%)
Sep 2012
-
35.01%(+0.8%)
Jun 2012
-
34.72%(+0.9%)
Mar 2012
-
34.40%(+2.4%)
Dec 2011
33.81%(0.0%)
33.61%(-0.7%)
Sep 2011
-
33.85%(+0.4%)
Jun 2011
-
33.72%(-1.7%)
Mar 2011
-
34.29%(+3.8%)
Dec 2010
33.81%(+3.6%)
33.02%(-4.0%)
Sep 2010
-
34.38%(-1.7%)
Jun 2010
-
34.99%(+2.4%)
Mar 2010
-
34.18%(+0.5%)
Dec 2009
32.64%(-4.3%)
34.00%(+0.1%)
Sep 2009
-
33.95%(+5.4%)
Jun 2009
-
32.21%(+6.6%)
Mar 2009
-
30.21%(-8.6%)
Dec 2008
34.11%(-0.7%)
33.06%(-1.9%)
Sep 2008
-
33.71%(-2.4%)
Jun 2008
-
34.55%(+2.2%)
Mar 2008
-
33.80%(-0.6%)
Dec 2007
34.36%(-0.9%)
34.01%(-1.4%)
Sep 2007
-
34.49%(-0.7%)
Jun 2007
-
34.72%(+2.6%)
Mar 2007
-
33.84%(-0.2%)
Dec 2006
34.66%
33.92%(-1.7%)
Sep 2006
-
34.50%(-2.2%)
DateAnnualQuarterly
Jun 2006
-
35.26%(+0.8%)
Mar 2006
-
34.99%(-1.2%)
Dec 2005
34.74%(-0.7%)
35.43%(-0.6%)
Sep 2005
-
35.63%(+4.5%)
Jun 2005
-
34.10%(+0.8%)
Mar 2005
-
33.84%(-2.9%)
Dec 2004
34.97%(+0.6%)
34.86%(+1.2%)
Sep 2004
-
34.43%(-2.9%)
Jun 2004
-
35.45%(+0.9%)
Mar 2004
-
35.15%(+2.5%)
Dec 2003
34.76%(+1.8%)
34.28%(-2.8%)
Sep 2003
-
35.27%(+0.5%)
Jun 2003
-
35.09%(+2.1%)
Mar 2003
-
34.37%(+2.6%)
Dec 2002
34.16%(+5.9%)
33.51%(-3.6%)
Sep 2002
-
34.75%(-1.5%)
Jun 2002
-
35.27%(+6.6%)
Mar 2002
-
33.09%(+12.6%)
Dec 2001
32.25%(-4.6%)
29.39%(-8.6%)
Sep 2001
-
32.14%(-1.6%)
Jun 2001
-
32.65%(+3.1%)
Mar 2001
-
31.68%(-22.2%)
Dec 2000
33.82%(-1.9%)
40.70%(+29.4%)
Sep 2000
-
31.45%(-1.9%)
Jun 2000
-
32.05%(+3.6%)
Mar 2000
-
30.93%(+5.1%)
Dec 1999
34.46%(-1.6%)
29.42%(-9.3%)
Sep 1999
-
32.42%(-1.9%)
Jun 1999
-
33.05%(+3.3%)
Mar 1999
-
31.99%(-28.1%)
Dec 1998
35.01%(+1.3%)
44.48%(+40.3%)
Sep 1998
-
31.71%(-1.2%)
Jun 1998
-
32.08%(+4.0%)
Mar 1998
-
30.84%(-15.3%)
Dec 1997
34.57%(+2.6%)
36.39%(-3.4%)
Sep 1997
-
37.69%(-1.9%)
Jun 1997
-
38.43%(+2.4%)
Mar 1997
-
37.52%(-0.9%)
Dec 1996
33.69%(-0.8%)
37.85%(+2.8%)
Sep 1996
-
36.81%(-0.8%)
Jun 1996
-
37.09%(+1.3%)
Mar 1996
-
36.63%(-5.4%)
Dec 1995
33.96%(+2.3%)
38.74%(+6.0%)
Sep 1995
-
36.56%(-4.4%)
Jun 1995
-
38.23%(+3.4%)
Mar 1995
-
36.99%(+4.6%)
Dec 1994
33.19%(+3.3%)
35.36%(-5.4%)
Sep 1994
-
37.36%(-1.3%)
Jun 1994
-
37.87%(+2.6%)
Mar 1994
-
36.92%(-2.9%)
Dec 1993
32.13%(-2.6%)
38.02%(+2.9%)
Sep 1993
-
36.95%(-0.3%)
Jun 1993
-
37.06%(+2.0%)
Mar 1993
-
36.32%(-4.5%)
Dec 1992
33.00%(-0.5%)
38.03%(-0.7%)
Sep 1992
-
38.28%(-0.1%)
Jun 1992
-
38.32%(+0.2%)
Mar 1992
-
38.24%(+0.0%)
Dec 1991
33.18%(-1.3%)
38.23%(+3.9%)
Sep 1991
-
36.78%(-3.0%)
Jun 1991
-
37.90%(+1.9%)
Mar 1991
-
37.21%(-1.0%)
Dec 1990
33.61%(+1.3%)
37.59%(+0.6%)
Sep 1990
-
37.36%(+0.1%)
Jun 1990
-
37.33%(-2.3%)
Mar 1990
-
38.22%(+4.7%)
Dec 1989
33.19%(-0.2%)
36.50%(-1.6%)
Sep 1989
-
37.08%
Dec 1988
33.26%(-2.4%)
-
Dec 1987
34.08%(+9.0%)
-
Dec 1986
31.27%(-9.2%)
-
Dec 1985
34.44%(-2.7%)
-
Dec 1984
35.40%(+2.0%)
-
Dec 1983
34.70%(-2.7%)
-
Dec 1982
35.66%(-0.1%)
-
Dec 1981
35.69%(-1.9%)
-
Dec 1980
36.37%
-

FAQ

  • What is Illinois Tool Works Inc. annual gross profit margin?
  • What is the all-time high annual gross margin for Illinois Tool Works Inc.?
  • What is Illinois Tool Works Inc. annual gross margin year-on-year change?
  • What is Illinois Tool Works Inc. quarterly gross profit margin?
  • What is the all-time high quarterly gross margin for Illinois Tool Works Inc.?
  • What is Illinois Tool Works Inc. quarterly gross margin year-on-year change?

What is Illinois Tool Works Inc. annual gross profit margin?

The current annual gross margin of ITW is 43.65%

What is the all-time high annual gross margin for Illinois Tool Works Inc.?

Illinois Tool Works Inc. all-time high annual gross profit margin is 43.65%

What is Illinois Tool Works Inc. annual gross margin year-on-year change?

Over the past year, ITW annual gross profit margin has changed by +2.19% (+5.28%)

What is Illinois Tool Works Inc. quarterly gross profit margin?

The current quarterly gross margin of ITW is 44.05%

What is the all-time high quarterly gross margin for Illinois Tool Works Inc.?

Illinois Tool Works Inc. all-time high quarterly gross profit margin is 45.38%

What is Illinois Tool Works Inc. quarterly gross margin year-on-year change?

Over the past year, ITW quarterly gross profit margin has changed by +0.93% (+2.16%)
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