Illinois Tool Works Inc. ITW

274.32 2.32 0.85% as of 25 Sep
Market cap
$77.5B
P/E
24.8×
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Illinois Tool Works Inc. (ITW) Gross margin

Illinois Tool Works Inc.'s gross margin over the twelve months to 30 June 2026 was 44.2%, up 0.1 percentage points from fiscal 2025 (44.1%). Over the past ten years it has ranged from 40.8% (fiscal 2022) to 44.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Specialty Industrial Machinery industry median of 35.9% and above the Industrials sector median of 30.5%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 44.1% (0.18)
FY2024 44.3% 2.12
FY2023 42.2% 1.34
FY2022 40.8% (0.45)
FY2021 41.3% (0.08)
FY2020 41.4% (0.62)
FY2019 42.0% 0.23
FY2018 41.7% (0.23)
FY2017 42.0% 0.12
FY2016 41.9% 0.69

Quarterly

Period Gross margin Change (points)
Jun 2026 44.1% 0.31
Mar 2026 43.8% (0.38)
Dec 2025 44.2% (0.29)
Sep 2025 44.5% 0.52
42 more quarters

Against its own ten years

Low 40.8% High 44.3%
Ten-year median 41.9%
Current reading's percentile 91

Gross margin against peers

Company Gross margin
EMR Emerson Electric Co. compare 53.2%
ROK Rockwell Automation, Inc. compare 49.1%
ITW Illinois Tool Works Inc. 44.2%
IR Ingersoll Rand Inc. compare 42.8%
PH Parker-Hannifin Corporation compare 37.7%
AME AMETEK, Inc. compare 36.4%
ETN Eaton Corporation, PLC compare 35.9%
CMI Cummins Inc. compare 25.3%
SYM Symbotic Inc. compare 21.3%
Specialty Industrial Machinery industry median 35.9%
Industrials sector median 30.5%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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