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.

Revenue
+4.36%
EPS
+6.53%
Free cash flow
−5.57%
Total debt
+4.81%

Quarter to September 2026, against a year earlier

285.33 8.12 −2.77%
Market cap
$81.1B
P/E
25.4×
Fwd P/E
24.3×
Dividend yield
2.30%
F-score
4/9
Altman Z
7.88
Beneish M
−2.43
Dividend safety
76/100

Illinois Tool Works Inc. (ITW) Operating margin

Alert me on Operating margin

Illinois Tool Works Inc.'s operating margin over the twelve months to 30 September 2026 was 26.6%, up 0.3 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 10.0% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

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 newest first

Period Operating margin Change (points)
Sep 2026 27.8% 1.12
Jun 2026 26.7% 1.27
Mar 2026 25.4% (1.11)
Dec 2025 26.5% (0.89)
43 more quarters

Against its own ten years

Low 21.4% High 26.8%
Ten-year median 24.1%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
ITW Illinois Tool Works Inc. 26.6%
AME AMETEK, Inc. compare 26.1%
EMR Emerson Electric Co. compare 25.5%
IR Ingersoll Rand Inc. compare 22.9%
ETN Eaton Corporation, PLC compare 17.3%
ROK Rockwell Automation, Inc. compare 16.2%
CMI Cummins Inc. compare 12.5%
GEV GE Vernova Inc. compare 6.42%
PH Parker-Hannifin Corporation compare 0.00%
Specialty Industrial Machinery industry median 10.0%
Industrials sector median 5.21%
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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