What is the current annual gross margin of ITW?

As of today, ITW annual gross margin is 43.65%

What is 1-year change in ITW annual gross margin?

ITW annual gross margin is up +5.28% year-over-year

What is 3-year change in ITW annual gross margin?

ITW annual gross margin is up +8.18% over the past 3 years

How far is ITW annual gross margin from its all-time high?

ITW annual gross margin is currently at its all-time high

How does ITW annual gross margin rank versus sector peers?

ITW annual gross margin is higher than 83.46% of companies in Industrials sector

When is ITW next annual earnings release?

The next annual earnings release for ITW is on February 4, 2026

What is the current quarterly gross margin of ITW?

As of today, ITW quarterly gross margin is 44.05%

What is ITW quarterly gross margin most recent change?

ITW quarterly gross margin was up +1.38% on September 30, 2025

What is 1-year change in ITW quarterly gross margin?

ITW quarterly gross margin is up +2.16% year-over-year

How far is ITW quarterly gross margin from its all-time high?

ITW quarterly gross margin is currently -2.93% below its historical high of 45.38% set on March 31, 2024

How does ITW quarterly gross margin rank versus sector peers?

ITW quarterly gross margin is higher than 85.54% of companies in Industrials sector

When is ITW next earnings release?

The next earnings release for ITW is on February 4, 2026

ITW Gross Margin History & Chart Since 1980

Annual Gross Margin

43.65%2.19%+5.28%

December 31, 2024

Summary

Current Value: As of today, ITW annual gross margin is 43.65%, up +5.28% on December 31, 2024
Historical Performance: ITW annual gross margin is up +8.18% over the past 3 years, and up +6.85% over the past 5 years
All-Time High Comparison: ITW annual gross margin is currently at its all-time high
3-Year Low Comparison: ITW annual gross margin is +9.18% above its 3-year low of 39.98% reached on an earlier date
Sector Comparison: ITW annual gross margin is higher than 83.46% of companies in Industrials sector

Gross Margin Chart

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Series

Performance

ITW Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	43.65%	+5.3%	+8.2%	+6.8%	+33.7%
Quarterly Gross Margin	Sep 30, 25	44.05%	+2.2%	+10.0%	+8.0%	+28.1%
Price	Jan 12, 26	$254.54	+3.9%	+9.6%	+21.6%	+359.1%
PE Ratio	Jan 12, 26	24.70	+18.1%	+3.9%	-21.8%	+35.0%
Annual Revenue	Dec 31, 24	$15.90B	-1.3%	+10.0%	+12.7%	+14.6%
Annual Gross Profit	Dec 31, 24	$6.94B	+3.9%	+19.0%	+20.4%	+53.2%
Annual Operating Margin	Dec 31, 24	-29.53%	+11.8%	+17.0%	+15.7%	+47.9%
Annual Net Margin	Dec 31, 24	21.94%	+19.5%	+17.7%	+22.8%	+213.9%

Gross Margin Highs

ITW Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	43.65%	Dec 31, 24	at high
5Y	43.65%	Dec 31, 24	at high
All	43.65%	Dec 31, 24	at high

Gross Margin Lows

ITW Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	39.98%	N/A	+9.2%
5Y	39.98%	Dec 31, 22	+9.2%
All	31.27%	Dec 31, 86	+39.6%

Gross Margin History

Year	Value	Change
2024	43.65%	+5.3%
2023	41.46%	+3.7%
2022	39.98%	-0.9%
2021	40.35%	+0.6%
2020	40.12%	-1.8%
2019	40.85%	+1.0%
2018	40.46%	-0.1%
2017	40.51%	+0.5%
2016	40.29%	+2.2%
2015	39.43%	+2.5%
2014	38.45%	+2.0%
2013	37.71%	+9.4%
2012	34.48%	+2.0%
2011	33.81%	0.0%
2010	33.81%	+3.6%
2009	32.64%	-4.3%
2008	34.11%	-0.7%
2007	34.36%	-0.9%
2006	34.66%	-0.2%
2005	34.74%	-0.7%
2004	34.97%	+0.6%
2003	34.76%	+1.8%
2002	34.16%	+5.9%

Year	Value	Change
2001	32.25%	-4.6%
2000	33.82%	-1.9%
1999	34.46%	-1.6%
1998	35.01%	+1.3%
1997	34.57%	+2.6%
1996	33.69%	-0.8%
1995	33.96%	+2.3%
1994	33.19%	+3.3%
1993	32.13%	-2.6%
1992	33.00%	-0.5%
1991	33.18%	-1.3%
1990	33.61%	+1.3%
1989	33.19%	-0.2%
1988	33.26%	-2.4%
1987	34.08%	+9.0%
1986	31.27%	-9.2%
1985	34.44%	-2.7%
1984	35.40%	+2.0%
1983	34.70%	-2.7%
1982	35.66%	-0.1%
1981	35.69%	-1.9%
1980	36.37%	-

FAQ

What is the current annual gross margin of ITW?
As of today, ITW annual gross margin is 43.65%
What is 1-year change in ITW annual gross margin?
ITW annual gross margin is up +5.28% year-over-year
What is 3-year change in ITW annual gross margin?
ITW annual gross margin is up +8.18% over the past 3 years
How far is ITW annual gross margin from its all-time high?
ITW annual gross margin is currently at its all-time high
How does ITW annual gross margin rank versus sector peers?
ITW annual gross margin is higher than 83.46% of companies in Industrials sector
When is ITW next annual earnings release?
The next annual earnings release for ITW is on February 4, 2026

Quarterly Gross Margin

44.05%0.60%+1.38%

September 30, 2025

Summary

Current Value: As of today, ITW quarterly gross margin is 44.05%, up +1.38% on September 30, 2025
Historical Performance: ITW quarterly gross margin is up +2.16% year-over-year, and up +9.96% over the past 3 years
All-Time High Comparison: ITW quarterly gross margin is currently -2.93% below its historical high of 45.38% set on March 31, 2024
3-Year Low Comparison: ITW quarterly gross margin is +7.49% above its 3-year low of 40.98% reached on March 31, 2023
Sector Comparison: ITW quarterly gross margin is higher than 85.54% of companies in Industrials sector

Performance

ITW Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	44.05%	+1.4%	+2.2%	+10.0%	+8.0%
Annual Gross Margin	Dec 31, 24	43.65%	–	+5.3%	+8.2%	+6.8%
Price	Jan 12, 26	$254.54	+3.9%	+3.9%	+9.6%	+21.6%
PE Ratio	Jan 12, 26	24.70	+3.9%	+18.1%	+3.9%	-21.8%
Quarterly Revenue	Sep 30, 25	$4.06B	+0.1%	+2.3%	+1.2%	+22.7%
Quarterly Gross Profit	Sep 30, 25	$1.79B	+1.5%	+4.6%	+11.3%	+32.5%
Quarterly Operating Margin	Sep 30, 25	27.40%	+4.0%	+3.3%	+11.8%	+14.8%
Quarterly Net Margin	Sep 30, 25	20.23%	+8.6%	-30.8%	+11.6%	+14.9%

Quarterly Gross Margin Highs

ITW Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	44.05%	Sep 30, 25	at high
3Y	45.38%	Mar 31, 24	-2.9%
5Y	45.38%	Mar 31, 24	-2.9%
All	45.38%	Mar 31, 24	-2.9%

Quarterly Gross Margin Lows

ITW Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	42.88%	N/A	+2.7%
3Y	40.98%	Mar 31, 23	+7.5%
5Y	39.27%	Mar 31, 22	+12.2%
All	29.39%	Dec 31, 01	+49.9%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	44.05%	+1.4%
Jun 2025	43.45%	+0.7%
Mar 2025	43.16%	+0.7%
Dec 2024	42.88%	-0.6%
Sep 2024	43.12%	-0.2%
Jun 2024	43.21%	-4.8%
Mar 2024	45.38%	+9.8%
Dec 2023	41.33%	-1.1%
Sep 2023	41.80%	+0.2%
Jun 2023	41.73%	+1.8%
Mar 2023	40.98%	-0.2%
Dec 2022	41.05%	+2.5%
Sep 2022	40.06%	+1.4%
Jun 2022	39.52%	+0.6%
Mar 2022	39.27%	-0.7%
Dec 2021	39.55%	-1.4%
Sep 2021	40.10%	-0.5%
Jun 2021	40.29%	-2.9%
Mar 2021	41.51%	+0.2%
Dec 2020	41.44%	+1.6%
Sep 2020	40.79%	+11.8%
Jun 2020	36.47%	-10.9%
Mar 2020	40.92%	+0.7%
Dec 2019	40.65%	-1.4%
Sep 2019	41.22%	+1.3%
Jun 2019	40.70%	-0.3%
Mar 2019	40.82%	+1.6%
Dec 2018	40.17%	-1.3%
Sep 2018	40.69%	+0.4%
Jun 2018	40.51%	+0.1%
Mar 2018	40.46%	+0.9%
Dec 2017	40.09%	-1.4%
Sep 2017	40.66%	+0.2%
Jun 2017	40.57%	-0.4%
Mar 2017	40.74%	+3.4%
Dec 2016	39.39%	-2.5%
Sep 2016	40.40%	-1.6%
Jun 2016	41.07%	+1.9%
Mar 2016	40.29%	+3.3%
Dec 2015	38.99%	-2.7%
Sep 2015	40.07%	+1.8%
Jun 2015	39.37%	+0.2%
Mar 2015	39.29%	+3.5%
Dec 2014	37.96%	-3.3%
Sep 2014	39.27%	+1.4%
Jun 2014	38.72%	+2.4%
Mar 2014	37.80%	+2.0%
Dec 2013	37.06%	-2.5%
Sep 2013	38.00%	+4.5%
Jun 2013	36.38%	+1.4%
Mar 2013	35.89%	+6.3%
Dec 2012	33.76%	-3.6%
Sep 2012	35.01%	+0.8%
Jun 2012	34.72%	+0.9%
Mar 2012	34.40%	+2.4%
Dec 2011	33.61%	-0.7%
Sep 2011	33.85%	+0.4%
Jun 2011	33.72%	-1.7%
Mar 2011	34.29%	+3.8%
Dec 2010	33.02%	-4.0%
Sep 2010	34.38%	-1.7%
Jun 2010	34.99%	+2.4%
Mar 2010	34.18%	+0.5%
Dec 2009	34.00%	+0.1%
Sep 2009	33.95%	+5.4%
Jun 2009	32.21%	+6.6%
Mar 2009	30.21%	-8.6%
Dec 2008	33.06%	-1.9%
Sep 2008	33.71%	-2.4%
Jun 2008	34.55%	+2.2%
Mar 2008	33.80%	-0.6%
Dec 2007	34.01%	-1.4%
Sep 2007	34.49%	-0.7%

Month	Value	Change
Jun 2007	34.72%	+2.6%
Mar 2007	33.84%	-0.2%
Dec 2006	33.92%	-1.7%
Sep 2006	34.50%	-2.2%
Jun 2006	35.26%	+0.8%
Mar 2006	34.99%	-1.2%
Dec 2005	35.43%	-0.6%
Sep 2005	35.63%	+4.5%
Jun 2005	34.10%	+0.8%
Mar 2005	33.84%	-2.9%
Dec 2004	34.86%	+1.2%
Sep 2004	34.43%	-2.9%
Jun 2004	35.45%	+0.9%
Mar 2004	35.15%	+2.5%
Dec 2003	34.28%	-2.8%
Sep 2003	35.27%	+0.5%
Jun 2003	35.09%	+2.1%
Mar 2003	34.37%	+2.6%
Dec 2002	33.51%	-3.6%
Sep 2002	34.75%	-1.5%
Jun 2002	35.27%	+6.6%
Mar 2002	33.09%	+12.6%
Dec 2001	29.39%	-8.6%
Sep 2001	32.14%	-1.6%
Jun 2001	32.65%	+3.1%
Mar 2001	31.68%	-22.2%
Dec 2000	40.70%	+29.4%
Sep 2000	31.45%	-1.9%
Jun 2000	32.05%	+3.6%
Mar 2000	30.93%	+5.1%
Dec 1999	29.42%	-9.3%
Sep 1999	32.42%	-1.9%
Jun 1999	33.05%	+3.3%
Mar 1999	31.99%	-28.1%
Dec 1998	44.48%	+40.3%
Sep 1998	31.71%	-1.2%
Jun 1998	32.08%	+4.0%
Mar 1998	30.84%	-15.3%
Dec 1997	36.39%	-3.4%
Sep 1997	37.69%	-1.9%
Jun 1997	38.43%	+2.4%
Mar 1997	37.52%	-0.9%
Dec 1996	37.85%	+2.8%
Sep 1996	36.81%	-0.8%
Jun 1996	37.09%	+1.3%
Mar 1996	36.63%	-5.4%
Dec 1995	38.74%	+6.0%
Sep 1995	36.56%	-4.4%
Jun 1995	38.23%	+3.4%
Mar 1995	36.99%	+4.6%
Dec 1994	35.36%	-5.4%
Sep 1994	37.36%	-1.3%
Jun 1994	37.87%	+2.6%
Mar 1994	36.92%	-2.9%
Dec 1993	38.02%	+2.9%
Sep 1993	36.95%	-0.3%
Jun 1993	37.06%	+2.0%
Mar 1993	36.32%	-4.5%
Dec 1992	38.03%	-0.7%
Sep 1992	38.28%	-0.1%
Jun 1992	38.32%	+0.2%
Mar 1992	38.24%	+0.0%
Dec 1991	38.23%	+3.9%
Sep 1991	36.78%	-3.0%
Jun 1991	37.90%	+1.9%
Mar 1991	37.21%	-1.0%
Dec 1990	37.59%	+0.6%
Sep 1990	37.36%	+0.1%
Jun 1990	37.33%	-2.3%
Mar 1990	38.22%	+4.7%
Dec 1989	36.50%	-1.6%
Sep 1989	37.08%	-

FAQ

What is the current quarterly gross margin of ITW?
As of today, ITW quarterly gross margin is 44.05%
What is ITW quarterly gross margin most recent change?
ITW quarterly gross margin was up +1.38% on September 30, 2025
What is 1-year change in ITW quarterly gross margin?
ITW quarterly gross margin is up +2.16% year-over-year
How far is ITW quarterly gross margin from its all-time high?
ITW quarterly gross margin is currently -2.93% below its historical high of 45.38% set on March 31, 2024
How does ITW quarterly gross margin rank versus sector peers?
ITW quarterly gross margin is higher than 85.54% of companies in Industrials sector
When is ITW next earnings release?
The next earnings release for ITW is on February 4, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

ITW Official Website www.itw.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/49826/000004982625000057/0000049826-25-000057-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/49826/000004982625000007/0000049826-25-000007-index.htm
ITW Profile on Yahoo Finance finance.yahoo.com/quote/ITW
ITW Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/itw