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) Operating margin

Illinois Tool Works Inc.'s operating margin over the twelve months to 30 June 2026 was 26.5%, up 0.2 percentage points from fiscal 2025 (26.3%). Over the past ten years it has ranged from 21.4% (fiscal 2015) to 26.8% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Specialty Industrial Machinery industry median of 11.2% and above the Industrials sector median of 5.15%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 26.3% (0.54)
FY2024 26.8% 1.74
FY2023 25.1% 1.29
FY2022 23.8% (0.26)
FY2021 24.1% 1.13
FY2020 22.9% (1.19)
FY2019 24.1% (0.16)
FY2018 24.3% (0.08)
FY2017 24.4% 1.88
FY2016 22.5% 1.08

Quarterly

Period Operating margin Change (points)
Jun 2026 26.7% 1.27
Mar 2026 25.4% (1.11)
Dec 2025 26.5% (0.89)
Sep 2025 27.4% 1.05
42 more quarters

Against its own ten years

Low 21.4% High 26.8%
Ten-year median 24.1%
Current reading's percentile 91

Operating margin against peers

Company Operating margin
ITW Illinois Tool Works Inc. 26.5%
AME AMETEK, Inc. compare 25.9%
EMR Emerson Electric Co. compare 25.1%
PH Parker-Hannifin Corporation compare 21.6%
IR Ingersoll Rand Inc. compare 18.1%
ETN Eaton Corporation, PLC compare 17.7%
ROK Rockwell Automation, Inc. compare 16.2%
CMI Cummins Inc. compare 11.2%
SYM Symbotic Inc. compare −0.01%
Specialty Industrial Machinery industry median 11.2%
Industrials sector median 5.15%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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