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Saturday 17 October 2026 Export ITW’s income statement to Excel — free account

Illinois Tool Works Inc.

ITW Industrials Specialty Industrial Machinery

Illinois Tool Works Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.0 billion, up 0.92% from fiscal 2024. In the quarter to June 2026, revenue grew 6.12%, EPS grew 10.5%, free cash flow grew 39.7% and total debt rose 8.47%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

272.38 1.19 +0.44%
Market cap
$77.2B
P/E
24.6×
Fwd P/E
22.3×
Dividend yield
2.40%
F-score
4/9
Altman Z
7.88
Beneish M
−2.43
Dividend safety
76/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Illinois Tool Works Inc. (ITW) Gross margin

Alert me on 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

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Annual newest first

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 newest first

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 98

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%
OTIS Otis Worldwide Corporation compare 30.2%
CMI Cummins Inc. compare 25.3%
Specialty Industrial Machinery industry median 35.9%
Industrials sector median 30.5%
Market median 46.2%

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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