Illinois Tool Works annual gross margin
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2025
Illinois Tool Works Gross Margin Growth & History (ITW)
Illinois Tool Works's gross margin was 52.90% for fiscal 2025.
View full Illinois Tool Works company overviewIllinois Tool Works annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 52.90% | +0.73 pp |
| 2024 | 2024-12-31 | 52.17% | +1.49 pp |
| 2023 | 2023-12-31 | 50.68% | +1.75 pp |
| 2022 | 2022-12-31 | 48.93% | +7.66 pp |
| 2021 | 2021-12-31 | 41.27% | −0.07 pp |
| 2020 | 2020-12-31 | 41.35% | −0.63 pp |
| 2019 | 2019-12-31 | 41.97% | +0.23 pp |
| 2018 | 2018-12-31 | 41.74% | −0.23 pp |
| 2017 | 2017-12-31 | 41.97% | +0.12 pp |
| 2016 | 2016-12-31 | 41.85% | +0.69 pp |
| 2015 | 2015-12-31 | 41.16% | +1.04 pp |
| 2014 | 2014-12-31 | 40.12% | +0.64 pp |
| 2013 | 2013-12-31 | 39.48% | +1.24 pp |
| 2012 | 2012-12-31 | 38.25% | +0.86 pp |
| 2011 | 2011-12-31 | 37.38% | +2.23 pp |
| 2010 | 2010-12-31 | 35.15% | +1.12 pp |
| 2009 | 2009-12-31 | 34.04% | −0.55 pp |
| 2008 | 2008-12-31 | 34.58% | −0.67 pp |
| 2007 | 2007-12-31 | 35.25% | — |
Illinois Tool Works quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 52.73% | −0.04 pp |
| Q1 2026 | 2026-03-31 | 53.01% | +0.45 pp |
| Q4 2025 | 2025-12-31 | 53.02% | +0.93 pp |
| Q3 2025 | 2025-09-30 | 53.24% | +0.74 pp |
| Q2 2025 | 2025-06-30 | 52.78% | +0.43 pp |
| Q1 2025 | 2025-03-31 | 52.57% | +0.82 pp |
| Q4 2024 | 2024-12-31 | 52.09% | −24.31 pp |
| Q3 2024 | 2024-09-30 | 52.50% | +10.03 pp |
| Q2 2024 | 2024-06-30 | 52.35% | +9.88 pp |
| Q1 2024 | 2024-03-31 | 51.75% | +10.00 pp |
| Q4 2023 | 2023-12-31 | 76.40% | +1.99 pp |
| Q3 2023 | 2023-09-30 | 42.47% | +1.58 pp |
| Q2 2023 | 2023-06-30 | 42.46% | +2.10 pp |
| Q1 2023 | 2023-03-31 | 41.75% | +1.59 pp |
| Q4 2022 | 2022-12-31 | 74.41% | +33.97 pp |
| Q3 2022 | 2022-09-30 | 40.89% | −0.17 pp |
| Q2 2022 | 2022-06-30 | 40.36% | −0.79 pp |
| Q1 2022 | 2022-03-31 | 40.16% | −2.30 pp |
| Q4 2021 | 2021-12-31 | 40.45% | −2.00 pp |
| Q3 2021 | 2021-09-30 | 41.06% | −1.19 pp |
| Q2 2021 | 2021-06-30 | 41.16% | +3.33 pp |
| Q1 2021 | 2021-03-31 | 42.47% | +0.43 pp |
| Q4 2020 | 2020-12-31 | 42.45% | +0.73 pp |
| Q3 2020 | 2020-09-30 | 42.24% | −0.07 pp |
| Q2 2020 | 2020-06-30 | 37.83% | −4.01 pp |
| Q1 2020 | 2020-03-31 | 42.04% | +0.01 pp |
| Q4 2019 | 2019-12-31 | 41.71% | +0.26 pp |
| Q3 2019 | 2019-09-30 | 42.31% | +0.32 pp |
| Q2 2019 | 2019-06-30 | 41.84% | +0.08 pp |
| Q1 2019 | 2019-03-31 | 42.03% | +0.29 pp |
| Q4 2018 | 2018-12-31 | 41.45% | −0.02 pp |
| Q3 2018 | 2018-09-30 | 41.99% | −0.14 pp |
| Q2 2018 | 2018-06-30 | 41.76% | −0.25 pp |
| Q1 2018 | 2018-03-31 | 41.75% | −0.55 pp |
| Q4 2017 | 2017-12-31 | 41.47% | +0.49 pp |
| Q3 2017 | 2017-09-30 | 42.13% | +0.13 pp |
| Q2 2017 | 2017-06-30 | 42.01% | −0.66 pp |
| Q1 2017 | 2017-03-31 | 42.29% | +0.20 pp |
| Q4 2016 | 2016-12-31 | 40.98% | +0.25 pp |
| Q3 2016 | 2016-09-30 | 42.00% | +0.23 pp |
| Q2 2016 | 2016-06-30 | 42.67% | +1.61 pp |
| Q1 2016 | 2016-03-31 | 42.09% | +1.04 pp |
| Q4 2015 | 2015-12-31 | 40.73% | +1.06 pp |
| Q3 2015 | 2015-09-30 | 41.77% | +0.87 pp |
| Q2 2015 | 2015-06-30 | 41.06% | +0.73 pp |
| Q1 2015 | 2015-03-31 | 41.05% | +1.52 pp |
| Q4 2014 | 2014-12-31 | 39.67% | +0.81 pp |
| Q3 2014 | 2014-09-30 | 40.90% | +1.10 pp |
| Q2 2014 | 2014-06-30 | 40.33% | +0.31 pp |
| Q1 2014 | 2014-03-31 | 39.53% | +0.30 pp |
| Q4 2013 | 2013-12-31 | 38.86% | −4.46 pp |
| Q3 2013 | 2013-09-30 | 39.80% | +1.12 pp |
| Q2 2013 | 2013-06-30 | 40.02% | +3.07 pp |
| Q1 2013 | 2013-03-31 | 39.24% | +2.64 pp |
| Q4 2012 | 2012-12-31 | 43.32% | −21.47 pp |
| Q3 2012 | 2012-09-30 | 38.68% | +3.35 pp |
| Q2 2012 | 2012-06-30 | 36.95% | +1.87 pp |
| Q1 2012 | 2012-03-31 | 36.60% | +1.25 pp |
| Q4 2011 | 2011-12-31 | 64.79% | +31.60 pp |
| Q3 2011 | 2011-09-30 | 35.33% | −0.01 pp |
| Q2 2011 | 2011-06-30 | 35.08% | −0.91 pp |
| Q1 2011 | 2011-03-31 | 35.35% | −0.73 pp |
| Q4 2010 | 2010-12-31 | 33.19% | −2.03 pp |
| Q3 2010 | 2010-09-30 | 35.34% | +0.00 pp |
| Q2 2010 | 2010-06-30 | 35.99% | +2.26 pp |
| Q1 2010 | 2010-03-31 | 36.08% | +4.50 pp |
| Q4 2009 | 2009-12-31 | 35.22% | — |
| Q3 2009 | 2009-09-30 | 35.34% | +1.11 pp |
| Q2 2009 | 2009-06-30 | 33.74% | −1.70 pp |
| Q1 2009 | 2009-03-31 | 31.58% | — |
| Q3 2008 | 2008-09-30 | 34.23% | — |
| Q2 2008 | 2008-06-30 | 35.44% | — |
Illinois Tool Works gross margin trends
Over the last five fiscal years, Illinois Tool Works's gross margin increased from 41.35% to 52.90%, a change of +11.56 percentage points. The latest reported quarter, Q2 2026, shows 52.73%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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